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…
Author: usaeverydaylife
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…
U.S. Vice President JD Vance arrives on April 21, 2025 in New Delhi, India. Vance will hold talks with Prime Minister Narendra Modi as India attempts to boosts ties with the Trump administration and avoid steep U.S. tariffs. Kenny Holston-Pool | Getty ImagesU.S. Vice President JD Vance began a four-day visit to India on Monday and will hold talks with Prime Minister Narendra Modi, as New Delhi rushes to avoid steep U.S. tariffs with an early trade deal and boost ties with the Trump administration.Their discussions will cover the first day of Vance’s largely personal visit to the country with…
“There are several local Chinese companies that produce chips to compete with Nvidia,” said Brady Wang, associate director at Counterpoint Research.Raa | Nurphoto | Getty ImagesAs the U.S. tightens controls on Nvidia’s sales to China, the country’s rising domestic artificial intelligence chipmakers like Huawei stand to benefit, semiconductor analysts say. The Commerce Department said last week that Nvidia’s H20 graphics processing units — designed to comply with previous U.S. restrictions — would now require export licenses, as would additional chips from AMD. Nvidia says it has already halted exports of the GPUs, resulting in a quarterly charge of approximately $5.5 billion. But…
Defense Secretary Pete Hegseth used his personal phone to send information about U.S. military operations in Yemen to a 13-person Signal group chat, including his wife and his brother, two sources with knowledge of the matter confirmed to NBC News.He did so after an aide had warned him to be careful not to share sensitive information on an unsecure communications system before the Yemen operation, the sources said.The development comes about a month after it became public that Hegseth shared details of strikes in Yemen in a separate Signal chat with top administration officials. The editor-in-chief of The Atlantic was…
