Seaport Research Partners joined the bull camp on Netflix ahead of the company’s earnings report next week. Analyst David Joyce upgraded shares of the streaming giant to buy from neutral. Joyce’s $955 price target implies 12.6% upside over where the stock finished Wednesday’s session. “NFLX should remain a core holding due to top-line growth, [operating income] margin expansion, and [free cash flow] conversion,” Joyce wrote in a Wednesday note to clients. Netflix is set to post earnings Tuesday after the bell. Joyce noted shares have retreated leading up to the report, with shares down nearly 5% in the new trading…
Author: usaeverydaylife
Interest rates moved lower near the end of 2024 as the Federal Reserve cut rates three times, shaving a full percentage point off the federal funds rate since September. In 2025, that trend is likely to continue.But with inflation still above the Fed’s 2% target, a strong labor market and a new administration, the central bank already indicated that it would move more slowly on rate cuts in the year ahead.Federal Reserve officials reduced their outlook for expected cuts in 2025 to two from four, assuming quarter-point increments, according to minutes from their December meeting.”Robust U.S. economic data heightened concerns that the Federal…
The long-sought, tortuously negotiated Gaza cease-fire deal announced on Wednesday came about in part through a remarkable collaboration between President Biden and President-elect Donald J. Trump, who temporarily put aside mutual animosity to achieve a mutual goal.The two presidents directed their advisers to work together to push Israel and Hamas over the finish line for an agreement to halt the fighting that has ravaged Gaza and release hostages who have been held there for 15 months. The deal is set to start on Sunday, the day before Mr. Biden turns over the White House to Mr. Trump.Each president had his…
The Freetrade application on a smartphone and desktop PC.FreetradeLONDON — Freetrade, a British rival to popular stock trading app Robinhood, said Thursday that it’s been acquired by online investing platform IG Group.The deal values Freetrade at £160 million — a 29% discount to its last valuation. The startup said that it would continue to operate as a commercially standalone entity under its own brand.Founded in 2016, Freetrade garnered popularity among mainly younger, more inexperienced traders in the U.K. with its zero-commission trading platform.The app initially began by offering equities but later expanded to roll out trading in exchange-traded funds, savings…
Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Adam Galici | CNBCMorgan Stanley reported fourth-quarter earnings before the opening bell Thursday.Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:Earnings: $2.22 a share, vs. $1.70 expected Revenue: $16.22 billion, vs. $15.03 billion expected Morgan Stanley has several factors working in its favor.The bank’s massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.Investment banking activity continued…
Wolfe Research moved to the sidelines on Advanced Micro Devices as one key business area flashes warning signs. Analyst Chris Caso downgraded the semiconductor stock to peer perform from outperform. Caso also removed his price target after most recently setting it at $210. Caso’s call was driven by concerns that the data center graphics processing unit business is tracking for lower revenue than previously forecasted. Wolfe said to expect $7 billion in 2025, down from prior estimates of at least $10 billion. “We were early in noting that AMD’s datacenter GPU business is running below expectations,” Caso wrote clients on…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking at opportunities in financials after blockbuster earnings and they’re looking ahead to the retail sales report after several companies in the industry raised their guidance. Worldwide Exchange Pick: Digital Realty (DLR) Malcolm Ethridge of Capital Area Planning Group sees Digital Realty Trust outperforming the S & P 500 this year as big tech companies increase their capital expenditure spending. DLR 1Y mountain Digital Realty Trust, 1 year “We have seen…
Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts.The big-box retailer now expects comparable sales in the fiscal fourth quarter to grow by about 1.5%. That’s better than its most recent outlook that the metric would be approximately flat. Comparable sales includes sales on Target’s website and stores open at least 13 months. Yet the Minneapolis-based discounter did not lift its profit outlook — an indication that deals motivated shoppers. Target anticipates fourth-quarter earnings per share will range from $1.85 to $2.45 and…
Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in Versailles, France, on Monday, May 13, 2024. Cyril Marcilhacy | Bloomberg | Getty ImagesBank of America is scheduled to report fourth-quarter earnings before the opening bell Thursday.Here’s what Wall Street expects:Earnings: 77 cents a share, according to LSEGRevenue: $25.19 billion, according to LSEGNet Interest Income: $14.33 billion on an FTE basis, per StreetAccountTrading Revenue: Fixed income of $2.41 billion, Equities of $1.68 billion, per StreetAccountHow will shifting expectations on interest rates impact Bank of America?Like rivals, the firm is expected to benefit from a boost in…
The logo of UnitedHealth appears on the side of one of its office buildings in Santa Ana, California, on April 13, 2020.Mike Blake | ReutersUnitedHealth Group reported a fourth-quarter profit on Thursday that beat analysts’ estimates due to strength in its health services unit, but missed estimates for quarterly sales.The earnings report comes a month after Brian Thompson, the CEO of UnitedHealth’s insurance unit was killed, igniting a conversation over frustrations related to navigating the U.S. health insurance system.UnitedHealth reported a full-year medical cost ratio — the percentage of premiums spent on medical care — of 85.5%, compared with the…
