NVIDIA President and CEO Jen-Hsun Huang Robert Galbraith | Reuters This past week revealed several key economic updates for July, including a strong labor market, cooler-than-expected inflation, and a lower budget deficit, all of which have kept market spirits high. As cheerful as investors might be thanks to all the good news, a looming uncertainty … Read more
Take a look at some of the biggest movers in the premarket: Novavax (NVAX) – The drugmaker’s stock plummeted 32.3% in the premarket after posting an unexpected quarterly loss and cutting its full-year revenue guidance in half. Novavax said it did not expect any further US sales of its Covid-19 vaccine this year amid soft … Read more
A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The giants of the video game world saw their sales slide in the second quarter, as initial tailwinds from the Covid pandemic faded. In the three months ending June, Microsoft, Sony and Nintendo each posted … Read more
As inflation hits consumer spending, several stocks will not only weather the storm, but are poised to move higher, according to Barclays. The consumer-related names were chosen based on Barclays’ view that spending growth, once the key driver of economic expansion during Covid, is now fading to be ordinary, or worse. The firm also believes … 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
Shares of video game company Take-Two Interactive look attractive after a pullback this year, according to JPMorgan. JPMorgan on Thursday rated Take-Two overweight after a period of restriction. The firm also set a $ 175 price target on the stock, implying 33.2% upside. Take-Two shares are down about 26% in 2022, underperforming the S&P 500’s … Read more
Technology stocks have plummeted toward multiyear lows in recent months as investors search for stable, reliable earnings. The tech-heavy Nasdaq Composite sits 25.2% off its highs, and the index has suffered its worst start to a year on record. As tech stocks have tumbled, investors believe there are some values to be had in select areas … Read more
Take a look at some of the biggest movers in the premarket: Walmart (WMT) – Walmart slumped 7% in premarket trading after missing bottom-line expectations for the first quarter. The retail giant earned $ 1.30 per share, 18 cents a share below estimates as inflationary pressures offset the positive impact of better-than-expected sales. Home Depot … Read more
Here are the biggest calls on Wall Street on
As tech stocks endure a broad sell-off this year, Wall Street analysts name some of their top stocks to buy right now.