Snowflake, Southwest, Apple, Disney, Netflix

Here are Thursday’s biggest calls on Wall Street: Credit Suisse initiates WeWork as outperform Credit Suisse said in its initiation of the stock that it’s well positioned to capitalize on the work from home phenomenon. “After the significant cost restructuring (~ $ 2.6B) post the failed IPO, we believe WeWork is well positioned to take … Read more

Tech talent still in demand but outsized salaries are disappearing

Thomas Barwick | Digitalvision | Getty Images The slumping stock market, and the punishment being doled out to tech companies in particular, is poised to reshape pay packages despite the demand for tech talent remaining strong. Each day brings a fresh wave of slumping stocks, hiring freezes and slowdowns, or outright layoffs from companies that … Read more

Spotify is slowing hiring by 25%, CEO says

Drew Angerer / Getty Images Spotify is slowing hiring by 25%, CEO Daniel Ek said in an email to employees on Wednesday. It’s the latest signal that companies across tech, many of which grew significantly over the early stages of the pandemic, are cutting back on staff growth as economic uncertainty looms. While job growth … Read more

Moderna, Robinhood, Snowflake and more

Here are the company’s making headlines in midday trading: Moderna – The biotech stock jumped 7% after a Food and Drug Administration committee voted to recommend Moderna’s Covid vaccine to children ages six through 17. The FDA is expected to authorize vaccines for children later this week. Robinhood – Shares of the retail brokerage fell … Read more

Snowflake, Apple, Amazon, Nike, Robinhood

Here are Wall Street’s biggest calls on Wednesday: Goldman Sachs initiates Wheels Up as buy Goldman said in its initiation of the on-demand private jet company that it sees an attractive entry point. “Wheels Up is a leading company in an established and growing end-market, but one that is also fragmented and has substantial opportunity … Read more

Tesla, Amazon, Spotify, CrowdStrike, Apple

Here are Monday’s biggest calls on Wall Street: Morgan Stanley names Monster a top pick Morgan Stanley said the beverage company has an attractive valuation. “We reiterate our OW on MNST and move it to our Top Pick, with our topline / margin analyzes in this report giving us increased conviction in our even higher … Read more

Buy Spotify as the music subscription service is in better shape than Netflix, Raymond James says

Spotify’s decline this year has gone too far, Raymond James said Monday. Analyst Andrew Marok upgraded the music streaming service’s stock to outperform from market perform, noting that “the stock is not broken” despite its 52% decline for 2022 and that most of the bad news surrounding the company has already been priced in. The … Read more

Peloton (PTON) fiscal Q3 2021 losses mount

A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, US, on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton on Tuesday reported a wider-than-expected quarterly loss and a steep decline in sales, as inventory piled up in warehouses and ate away at the company’s cash. The connected … Read more

Surprised by how deep some issues ran at the company

Barry McCarthy, chief financial officer at Spotify, attending annual Allen & Company Sun Valley Conference, July 11, 2018 in Sun Valley, Idaho. Drew Angerer | Getty Images When Barry McCarthy showed up to run Peloton about three months ago, he was surprised to learn just how discombobulated the supply chain was and how quickly the … Read more

What Wall Street expects Tuesday

A woman walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | VIEW press | Corbis News | Getty Images Analysts and investors are eager to get to know Peloton Chief Executive Officer Barry McCarthy and have him articulate his vision for the company’s future. He … Read more