Lucid, Booking Holdings, MGM, eBay and more

A worker assembles the Lucid Air prototype electric vehicle, manufactured by Lucid Motors Inc., at the company’s headquarters in Newark, California, on Monday, Aug. 3, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Lucid Group — Shares of the EV maker tumbled about 12% after … Read more

Find cheap stocks that are buying back their shares based on Einhorn’s method

Value stocks have become so cheap relative to earnings that companies have been able to buy back a larger portion of their own market cap, David Einhorn says. The star manager’s Greenlight Capital just posted its best ever quarterly performance relative to the S & P 500 – and Einhorn attributed much of the success … Read more

These names reporting profits next week often top estimates and rally

Investors this earnings season continue to search for signs of relief in an economy consumed by rising inflation, a surging dollar and mounting fears of a recession. Amid this troublesome backdrop, not all companies will win big this season, but some names reporting earnings in coming days tend to beat analyst estimates and see their … Read more

Barclays downgrades Lam Research, says comeback in chip stocks is a ‘head fake’

The recent bounce in semiconductor names is likely only a “head fake,” Barclays says. Analyst Blayne Curtis downgraded shares of Lam Research to equal weight as part of a broader dire outlook on the semi space, saying that the maker of chip equipment is among a slew of names due for a “substantial reset” following … Read more

Apple, Amazon, Meta, Honeywell, CVS, Mattel

Here are Monday’s biggest analyst calls on Wall Street: Morgan Stanley names TSM a research tactical idea Morgan Stanley said it sees shares of Taiwan Semiconductor going higher heading into earnings later this week. “We believe the share price will rise in absolute terms over the next 15 days. We view the 2Q22 earnings call … Read more

Twitter, Wynn Resorts and more

Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter slid into premarket trading after Elon Musk announced late Friday that he was abandoning his $ 44 billion takeover deal. Twitter responded by saying it plans legal action to hold Musk to the agreed-upon transaction. Wynn Resorts (WYNN), Las … Read more

Cowen downgrades chip stock Qorvo as demand for smartphone slows

Falling smartphone demand will pressure revenues, margins and sentiment for semiconductor company Qorvo, according to Cowen. Analyst Matthew Ramsay downgraded shares of Qorvo to market perform from outperform, saying in Sunday note that weakening demand for lower- and mid-tier Androids, particularly in China, is pushing the firm’s near-term estimates below consensus. “We rate Qorvo Market … Read more

Tesla, Goldman Sachs, Amazon, McDonald’s

Here are Wednesday’s biggest calls on Wall Street: Barclays initiates Penn as overweight Barclays initiated several casino and gaming companies, saying they are attractively valued. “We’re positive on diversified land-based gaming (CZR, PENN, BYD), and select companies across Lodging and Leisure, based on demand exposures and / or valuation.” Read more about this call here. … Read more

Things won’t get better for tech anytime soon, Bank of America says

A sustained recovery in tech is becoming increasingly unlikely, according to Bank of America. Tech is the third-worst performing sector in the S&P 500, down roughly 20% for the year – on pace for its worst annual decline since 2008, when it dropped 43.7%. To be sure, the sector has also posted annual gains in … Read more

These are the cheapest tech stocks today following the severe drawdown in the sector

After the carnage in tech stocks this year, CNBC Pro went searching for some of the cheapest names in the sector. Investors are turning away from names in the sector as rising inflation weighs on technology companies, and Wall Street deliberates how much lower those stocks have to fall. The Nasdaq Composite, which is dominated … Read more