Check out the companies making headlines in midday trading. Micron Technology – Shares of the chipmaker fell about 6% after the company issued disappointing fiscal fourth-quarter guidance and said weakening consumer demand will hurt smartphone sales. The warning pulled down other chip stocks, which were among the top decliners in the S&P 500. Western Digital … Read more
Here are Thursday’s biggest calls on Wall Street: Morgan Stanley reiterates Disney as overweight Morgan Stanley lowered its price target on Disney to $ 125 per share from $ 170, but said the stock is “attractive” at current levels. “Down 40% YTD and below its pre Disney Plus launch share price, we see an attractive … Read more
Market watchers have been reluctant to call the bottom on the sell-off in global stocks this year, but some assets are now looking oversold – and could be ripe for a bounce. The stock market has tumbled into a bear market in the first half of this year amid fears that an overly aggressive rate … Read more
Value investors are likely seeing some surprising names pop up in their search for cheap names these days. Instead of consumer staples and energy stocks, names such as Netflix and Meta are likely catching the eye of these types of investors. After bearing the brunt of the bear market, many once high-flying technology shares are … Read more
Here are Wednesday’s biggest calls on Wall Street: Morgan Stanley resumes Advanced Micro Devices as overweight Morgan Stanley resumed coverage of the semiconductor company after a long period of restriction and said AMD’s valuation is “reasonable.” “While a digestion phase in PCs and consoles appears likely, and we are budgeting for some bail next year, … Read more
Advanced Micro Devices looks like a smart bet for investors despite big-picture concerns about the semiconductor sector, according to Morgan Stanley. Analyst Joseph Moore resumed coverage of the semiconductor stock with an overweight rating, saying in a note to clients that AMD appears to be a leader in an industry facing headwinds. “Our market view … Read more
On Thursday’s “Ask Halftime,” our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this market downturn, including whether to buy, sell or hold PayPal and Devon Energy. Other investments mentioned by the traders include AMD and Nvidia.
Tech stocks came under renewed pressure on Friday amid a broad sell-off in the market. CNBC Pro identifies the beaten down tech stocks from the US and beyond that look to have strong fundamentals and are loved by analysts. Wall Street suffered a massive sell-off at the end of last week, as all major indexes … Read more
Apple CEO Tim Cook (R) looks at a newly redesigned MacBook Air laptop during the WWDC22 at Apple Park on June 06, 2022 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC22 developer conference. Justin Sullivan | Getty Images Apple’s new laptops announced on Monday, featuring the iPhone maker’s next-generation in-house chips, … Read more
CNBC’s Jim Cramer on Monday said the only stocks investors should be buying the dip on are oil names. “I want to be kind to this market and tell you it’s the same old buy the dips game plan. But in reality, the only dip that can be bought right now, at least, is the … Read more