Apple, Coinbase, Roku, Meta, Disney

Here are Wednesday’s biggest calls on Wall Street: Telsey reiterates Home Depot as outperform Telsey said it’s bullish heading into Home Depot earnings next week. “We are maintaining our 2Q22 and annual estimates for several reasons. First, macro support for home improvement spending remains decent, with elevated home prices, healthy remodeling activity, and solid household … Read more

Oversold high quality stocks as market headwinds fade

The S & P 500’s hot streak continues after a third straight week of gains and a 9.1% climb in July. Throw in a better-than-expected earnings season and some strong economic data, and the market might just be ready to move on from a dramatic first half. It’s certainly a view echoed by Morningstar chief … Read more

Morgan Stanley names its stock picks in this tech-related sector

Tech stocks have had a volatile year so far, but there’s one sub-sector that’s providing opportunities for investors right now, according to Morgan Stanley. The investment bank said in a July 6 note that cybersecurity will remain a “relatively safe haven” into the second half of 2022. “With defensible growth and security valuations below historical … Read more

Job cuts hit cybersecurity firms despite surging growth from attacks

A construction crew assembles a display for the RSA Conference at Moscone Center in San Francisco, Calif. Paul Chinn | San Francisco Chronicle via Getty Images Nothing has lowered Cybereason’s expectations for growth. Rather, the continuing rise in ransomware attacks has forced its clients to bolster spending on security systems, putting the security software company … Read more

Coinbase, Tesla, American Air and more

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Here are the stocks making the biggest moves in midday trading Friday. Coinbase – Shares of the cryptocurrency services provider fell 9% after it extended … Read more

Turning Point Therapeutics, Lululemon, RH and others

Check out the companies making headlines before the bell: Turning Point Therapeutics (TPTX) – The biopharmaceutical company shares more than doubled in premarket trading after agreeing to be acquired by Bristol Myers Squibb (BMY) for $ 76 per share in cash, or $ 4.1 billion. Turning Point specializes in cancer treatments. Lululemon (LULU) – Lululemon … Read more

Lululemon, RH, Okta and more

People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021. Joel Lerner | Xinhua News Agency | Getty Images Check out the companies making headlines in extended trading. Lululemon Athletica – Shares of the athleisure … 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

Thursday top Wall Street calls: Tesla, Lululemon, Apple, Amazon

Here are Thursday’s biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said in a note Wednesday night that reports of iPhone 14 delays are overblown. “Our supply chain checks do not indicate delays, and looking at past flagship iPhone launches, there’s minimal impact to FY shipments or AAPL stock performance … Read more

Buy these software stocks as cyberattacks climb, Stephens says

Cybersecurity investments are ramping up as attacks increase, and investors looking to invest in space should look at names such as Okta and CrowdStrike, Stephens said. Analyst Brian Colley initiated coverage of five software security names including Okta and CrowdStrike, saying in a Tuesday note to clients that both companies can benefit from rising demand … Read more