Tag Archives: Stock

Microsoft’s stock drop of 28% so far in 2022 amid growth concerns now looks overdone, Morgan Stanley says. “While investors worry forward numbers have not been de-risked, we see a strong (and durable) demand signal in the commercial businesses, which should lead to improving revenue and EPS growth in 2H23,” Morgan Stanley analyst Keith Weiss wrote in a note on Tuesday. As a result, the valuation of the tech giant is too cheap to ignore, Weiss contended. “Trading at ~20x CY24 GAAP earnings,… Source link

Microsoft’s stock drop of 28% so far in 2022 amid growth concerns now looks overdone, Morgan Stanley says. “While investors worry forward numbers have not been de-risked, we see a strong (and durable) demand signal in the commercial businesses, which should lead to improving revenue and EPS growth in 2H23,” Morgan Stanley analyst Keith Weiss wrote in a note on Tuesday. As a result, the valuation of the tech giant is too cheap to ignore, Weiss contended. “Trading at ~20x CY24 GAAP earnings,… Source link

Lordstown Motors (RIDE), the embattled EV truck maker, finally has some good news to share with the automotive world, and investors. The company’s long-awaited EV pickup, the Endurance, has achieved full homologation, meaning it now complies with safety requirements for sale in the U.S., the company said. In addition, the Endurance has received EPA and CARB (California Air Resources Board) certification, meaning it is now rated by both agencies. Finally, and most importantly, the company… Source link

[unable to retrieve full-text content]Taboola Stock Soars After Yahoo Takes Minority Stake  The Wall Street Journal Source link

Shares of Taboola.com Ltd. skyrocketed 53.3% to pace all premarket gainers Monday, after the provider of recommendations for online editorial content and advertisements announced an exclusive 30-year commercial agreement with Yahoo. As part of the agreement, Taboola will power native advertising across all Yahoo digital properties, which is expected to drive more than 800 billion impressions, and Yahoo will receive 24.99% of Taboola’s outstanding shares, which would make Yahoo the… Source link

U.S. stock futures descended early Monday as unrest in China over the nation’s restrictive COVID controls weighed on global sentiment and Wall Street returned from a holiday weekend. Futures tied to the S&P 500 (^GSPC) sank 0.8%, while futures on the Dow Jones Industrial Average (^DJI) fell 185 points, or 0.5%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were off by 0.9%. The moves come after an up week of modest gains for stocks. The S&P 500 rose 1.5%, the Dow 1.8%, and the… Source link

Investors curious about the next move in the broader market would be wise to pay extra attention to shares of multinational tech giant Apple (AAPL). “One of the reasons that has been helping sentiment, particularly in industrial stocks and things like that, is the idea that China is going to be reopening,” Interactive Brokers chief strategist Steve Sosnick said on Yahoo Finance Live (video above). “If there is another wave of lockdowns in China, that really upends that story. It upends global… Source link

Tesla stock woes have caught the attention of one noted Wall Street bear on the EV maker. Citi analyst Itay Michaeli upgraded his rating on Tesla to Neutral from Sell on Wednesday, viewing the company losing more than $600 billion in market cap from November 2021 highs as nearing overdone. “We believe the year-to-date pullback has balanced out the near-term risk/reward,” Michaeli wrote in a note to clients. The analyst served up several reasons for the valuation-based upgrade. “(1) With the… Source link

Stock Market Coverage – Wednesday November 23 Yahoo Finance – Yahoo Finance Source link

Fade the post-earnings rally in shares of struggling electronics retailer Best Buy, Citi says. “Near-term Best Buy’s same-store sales are still some of the worst in retail with holiday volume a significant unknown,” Citi analyst Steven Zaccone wrote in a note to clients following the company’s earnings report on Tuesday morning. Best Buy stock popped 12% as the company’s earnings actually beat most Wall Street estimates. The company also managed to work its inventory down by 14% year over… Source link