Starbucks Corp. SBUX, +2.68% was upgraded to buy from neutral at BTIG based on the upcoming benefits from restaurant reopenings and federal stimulus cash that will hit consumer bank accounts. BTIG maintained its $ 130 price target. Analysts note that the re-openings are “faster than expected,” and BTIG expects same-store …
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It has been a bad week for technology stocks. The Nasdaq tumbled 2.7% on Wednesday, though the slide seemed to be slowing as markets opened on Thursday. So buy the dip before tech stocks move at least 25% higher this year, says veteran tech analyst Daniel Ives of investment firm …
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Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been around since 2009. Read: Why did Tesla buy bitcoin? However, early estimates from prominent technology analyst Dan Ives sees the investment by the electric-vehicle maker, headed by outspoken …
Read More » Twitter Inc.’s stock took off Wednesday after the social-media company’s fourth-quarter results and commentary about the outlook helped relieve concerns about how the service will fare in the new reality. For the first quarter, the company expects 20% growth in its count of monetizable daily active users, a projection that …
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AFP via Getty Images Shares of General Electric Co. rose Friday toward a nine-month high, after BofA Securities analyst lifted his stock price target by 18%, amid a more upbeat outlook on the industrial conglomerate’s health care business as COVID-19 cases rise globally. The stock GE, +2.64% reversed an earlier …
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The stock market’s ability to shrug off the economic destruction and gloomy coronavirus headlines continues to enrich emboldened bulls and baffle even some of the savviest Wall Street pros. A big dose of reality, however, looms large, if Andrew Lapthorne, the global head of quantitative research at Societe Generale, has …
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A new model for assessing stocks may include higher valuations, as the old paradigm is no longer valid, according to a research note from DataTrek Research on Tuesday. From about 1950 to 2000, according to Nicholas Colas, Co-founder of DataTrek Research, there was a fairly stable paradigm in place for …
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Tom McClellan, market technician and publisher of the McClellan Market Report, says investors are fleeing one of the most popular exchange-traded funds on Wall Street, even as stocks rally off their March lows. The State Street-sponsored SPDR S&P 500 ETF Trust SPY, +1.65%, which offers investors exposure to S&P 500 …
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“ ‘Risk to the downside is greater than the opportunity to the upside from this point where we stand today.’ ” That’s Goldman Sachs’s chief equity strategist, David Kostin, explaining during a CNBC phone interview on Tuesday that recent enthusiasm for stocks don’t necessarily constitute an all-clear signal for bullish …
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