Workday co-founders and co-CEOs Aneel Bhusri (left) and Dave Duffield (center) applaud their company’s first trade after their IPO at the New York Stock Exchange on Oct. 12, 2012. Brendan McDermid | Reuters The last week of May put our minds slightly at ease with a relief rally (or rather, a bear market rally). Nonetheless, … Read more
JPMorgan has released its monthly list of analysts’ top picks, and there’s one addition. Auto auction platform ACV Auctions was added to the list as a growth pick. The firm did not outline any stocks that were removed from the list, which is compiled each month by analysts from its top stock picks. All of … 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
Ulta Beauty store. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. Ulta Beauty – The beauty retailer surged 10% following better-than-expected quarterly earnings and revenue. Ulta Beauty also shared a better-than-expected outlook for the full year. American Eagle – The stock dropped 4.2% after the retailer posted weaker-than-expected quarterly … Read more
Three analysts share their outlook for tech, with one saying it’s ready for a hard rally, and another naming some “very interesting” stocks in the sector. Chris Watling, chief executive of Longview Economics, said the stock market as a whole is “ready to rally.” “We just need a whiff of good news from somewhere to … Read more
Trading updates are shown on monitors on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 18, 2022. Andrew Kelly | Reuters Tech companies have not seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, March 7, 2022. Andrew Kelly | Reuters If there’s more bad news from retailers in the coming week, that could be a negative catalyst for an already cranky stock market. Market pros are watching for more signs … Read more
Human resources and financial management software Workday could be hit hard during an economic downturn, according to UBS. UBS downgraded Workday to neutral from buy. The firm also cut its price target on the stock to $ 275 from $ 185. The new target is about 5% above Workday’s close Monday. “We’re not convinced that … Read more
These buy-rated stocks look to be trading at a sharp discount and could be primed for big returns going forward.
As tech stocks endure a broad sell-off this year, Wall Street analysts name some of their top stocks to buy right now.