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
Here are Friday’s biggest calls on Wall Street: Barclays downgrades AT & T to equal weight from overweight Barclays said in a note to clients after AT & T’s earnings report that it has “credibility questions” which are likely to persist. “AT & T’s results, while being impacted to some extent by the macro backdrop, … 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
Here are Thursday’s biggest calls on Wall Street: UBS upgrades Tesla to buy from neutral UBS said in its upgrade of the automaker that its “operational outlook is stronger than ever before.” “We upgraded TSLA to Buy (from Neutral) with an unchanged $ 1,100 PT. TSLA is down ~ 35% ytd in line with other … Read more
A customer wears a protective mask while looking at flowers in the garden center of a Home Depot store in Reston, Virginia. Andrew Harrer | Bloomberg | Getty Images Spring has already arrived at some Home Depot and Lowe’s stores, as the companies roll out displays of backyard grills, lawn and garden supplies and power … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters The stock market’s wild gyrations this past week have been an emotional roller coaster for investors, and the ride has not come to a full stop. It feels bad right now, and … Read more
With historically high inflation, investors can take advantage of high-pricing stocks, and Goldman Sachs has highlighted several that it believes will thrive.