Check out the companies making headlines in premarket trading. Tesla — The electric vehicle company pulled back more than 4% after Barclays cut its price target on Tesla, citing “confusing” visibility into first-quarter earnings. Netflix — The streaming giant’s stock added 2% following the company’s first-quarter earnings and revenue beat. Netflix also said it sees no significant impact from tariffs. On Monday, several Wall Street analysts increased their price targets on the stock. Amazon — Shares of the e-commerce giant ticked 1.7% lower following Raymond James’ downgrade to outperform from strong buy. The firm also slashed its price target, citing…
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Here are the biggest calls on Wall Street on Monday: Jefferies reiterates Alphabet as buy Jefferies says the risk/reward is favorable for Alphabet ahead of earnings later this week. “While we expect stable Q1 results, macro/tariffs cast a haze over Q2-Q3. Ads (~75% of revs) face headwinds, esp. brand spend and China-based sellers for performance spend, though should be somewhat resilient as advertisers favor scaled platforms. Cloud/AI should remain sticky.” Morgan Stanley reiterates Netflix as overweight The firm raised its price target on the stock to $1,200 per share from $1,150 following earnings last Thursday. “The first quarter without reporting…
A one kilogram gold bar at Gold Investments Ltd. bullion dealers arranged in London, UK, on Thursday, April 3, 2025. Gold retreated on Thursday, after notching its latest record, after President Donald Trump triggered tumult on global markets with sweeping “reciprocal” tariffs.Chris Ratcliffe | Bloomberg | Getty ImagesGold prices broke $3,400 on Monday, hitting a new record as President Donald Trump’s threats against the Federal Reserve’s independence and his tariffs shake investor confidence in the U.S. economy.Gold futures jumped about 2.69% to $3,418 per ounce by 8:20 a.m. ET on Monday, with investors buying the precious metal as the dollar…
Wall Street is underestimating the near-term pressures on Amazon’s earnings, according to Raymond James. The firm downgraded the stock to outperform from strong buy in a Monday note. It also lowered its price target to $195 from $275, suggesting 13% upside potential from Thursday’s close. Analyst Josh Beck cited headwinds from tariffs and macro uncertainties amid “steepening investment intensity.” “To be clear, we remain constructive on AI prospects/long-term investments, but with rising EBIT risk/limited monetization progress it is more challenging for us to stick with our Strong Buy rating,” Beck said. “Regardless of tariff ‘stickiness’, further supply chain/logistics diversification likely…
Netflix’s first-quarter results led several Wall Street analysts to raise their price targets on the stock. The company’s earnings per share easily beat analyst expectations. Revenue also topped estimates, growing 13% year on year. The report sent Netflix shares higher by more than 3% in the premarket, bucking the broader market’s negative trend. JPMorgan’s Doug Anmuth increased his target on the stock to $1,150 from $1,025 following the report. “NFLX continues to play offense in its business, while the stock remains defensive in the uncertain environment,” Anmuth wrote in a research note on Sunday. “On offense, content was strong in…
Barclays is taking a cautious approach on Tesla ahead of the company’s first-quarter earnings report. The bank cut its price target on the electric vehicle maker to $275 from $325. The new forecast implies 13.9% upside potential from Thursday’s close. U.S. markets were closed Friday due to Good Friday. Analyst Dan Levy also reiterated his equal weight rating on shares. “The set-up for Tesla into 1Q EPS is confusing. However, net net we see potential for the stock to outperform,” he said. “On the one hand, Tesla faces questions on increasingly weaker fundamentals. 1Q auto margin ex credits is expected…
Pope Francis greets people as he attends the weekly general audience in St. Peter’s square at the Vatican, March 8, 2023. Guglielmo Mangiapane | ReutersTributes and condolences poured in from around the world following news of the death of Pope Francis, who passed away on Monday at the age of 88.Francis, who was elected the church’s 266th pope after the retirement of Benedict XVI in 2013, was the first Jesuit pope and the first pope from the Southern Hemisphere, born in Argentina to Italian-Argentinian parents.He made waves during his papacy as a reformer who often rattled the Catholic Church’s most conservative…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailRajesh Magow, CEO of online travel aggregator MakeMyTrip, remains unfazed by tariffs and market volatility, contending that travel demand will hold steady with a resilient mid- to long-term outlook. Source link
The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Feb. 27, 2024.Morah Ratner | Bloomberg | Getty Images An independent central bank is seen by most (including this newsletter) as the bedrock of a functional economy. Officials steer the economy by calibrating the benchmark interest rate on which bank loans and mortgages, among other debt, are based.Corporations and consumers, in general, like low interest rates because the cost of borrowing is cheaper. The former is incentivized to expand and invest, which, in turn, tend to increase income and spending among the latter. But such behavior can overheat…
Pope Francis in 2015.Max Rossi | ReutersPope Francis, the Argentine Jesuit who became the first Roman Catholic pontiff from the Americas, has died, the Vatican said Monday. He was 88.In a video address, Cardinal Kevin Farrell announced the news. “Dearest brothers and sisters, with deep sorrow I must announce the death of our Holy Father Francis,” he said, according to a translation.”At 7:35 this morning, the Bishop of Rome, Francis, returned to the house of the Father. His entire life was dedicated to the service of the Lord and of His Church. He taught us to live the values of the…
