Billionaire investor Stanley Druckenmiller exits Amazon and scoops up smaller tech, health stocks

Stanley Druckenmiller’s Duquesne Family Office exited its position in Amazon in the second quarter but opened several new positions in cloud data and cybersecurity stocks, according to the firm’s 13F filing released Monday. The fund managed nearly $199 million in Amazon at the end of the first quarter. In addition to liquidating its stake, the … Read more

Cloudflare Q2 2022 earnings send stock soaring

Cloudflare Co-Founder and CEO Matthew Prince speaks on stage at TechCrunch Disrupt Berlin on December 12, 2019 in Berlin, Germany. Noam Galai | Getty Images Entertainment | Getty Images Cloudflare shares jumped as much as 27% on Friday, after the content distribution network and security provider announced second-quarter results and full-year guidance that exceeded analysts’ … Read more

Top analysts say buy stocks like Block & Starbucks

Starbucks Irish Cream Cold Brew holiday drink. Source: Starbucks Between the Federal Reserve’s interest rate hike, fresh economic data and a flood of earnings from tech giants, it has been a busy week for investors. Since the market can be so volatile, it’s key to maintain a long-term perspective and avoid making decisions based on … Read more

Stocks head into August with a tailwind, as investors await jobs data and a slew of earnings

From Caterpillar to Amgen, dozens of large companies report earnings in the coming week, but it may be big economic data, like Friday’s jobs report, that takes over as a major market catalyst. Monthly employment reports are always important, but the next few may be even more so. Federal Reserve Chairman Jerome Powell made it … Read more

These options ideas are smart ‘stock replacements’ during earnings, Goldman says

Investors looking to bet on a stock rebounding after an earnings report may want to consider call options instead, according to Goldman Sachs. The firm’s derivatives research team, led by Vishal Vivek, said in a note to clients Wednesday that calls could be a smart way to gain exposure to underperforming stocks during the earnings … Read more

Netflix, Chevron, Apple, Alibaba, Amazon

Here are Wednesday’s biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said in a note previewing Apple earnings later this month that it’s a “high quality name to buy on pullbacks.” “We expect June Q results slightly below Street and toward the lower end of guidance, with Mac & Services … Read more

Buy these software stocks as the industry’s ‘roller coaster ride’ nears a bottom, Bernstein says

The “roller coaster ride” for cloud stocks is nearing its end, potentially opening a buying opportunity for investors, according to Bernstein. “While the ride can be stomach churning, we initiate coverage today remembering that even the scariest roller coasters pull up, if they are well-built,” analyst Peter Weed wrote in a note to clients Tuesday. … Read more

Bernstein says it’s time to get back into tech stocks. Invest in these

The time has come to start nibbling at some beaten-down tech stocks, according to research firm Bernstein. The S&P 500 tech sector has tumbled nearly 25% in 2022, led by a 62% plunge in shares of PayPal. Chipmakers such as On Semiconductor, Intel and Broadcom have fallen more than 20%. Not even iPhone maker Apple … Read more

Beaten-down tech stocks with strong financials and earnings growth

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

Cloud stocks mount rally led by UiPath, as investors see market bottom

Daniel Dines, CEO, UiPath at the company’s IPO at the New York Stock Exchange, April 21, 2021. Source: NYSE Cloud stocks rallied on Thursday, with more than a dozen vendors notching gains of 10% or more, as investors used an upbeat day on Wall Street to snap up shares of companies that have been beaten … Read more