JPMorgan thinks Bloom Energy shares are cheap and investors should scoop them up as the company can benefit from President Donald Trump’s recently signed tax-and-spending bill. The firm upgraded the onsite power generation company to overweight from neutral on Wednesday and raised its price target to $33 per share from $18. JPMorgan’s forecast implies about 36% upside from Tuesday’s close. Bloom Energy produces electricity without combustion via solid oxide fuel cells. “With fuel cells unexpectedly qualifying again for 48E tax credits as part of the OBBB [one big beautiful bill], we believe there is upside to consensus revenue and margin…
Author: usaeverydaylife
Shares of global product design and technology company SharkNinja could see even more upside, in part due to Oscar-winning film star Brad Pitt, according to Bank of America. The bank reiterated its buy rating on the name and upped its price target to $130 from $125, which implies more than 23% upside from Tuesday’s closing level. This comes as the stock has already soared more than 37% in the past three months and about 23% in the last month, outpacing the broader market on both fronts. SN 3M mountain SN, 3-month “We expect continued market share gains in both new…
Perplexity AI on Wednesday launched a new artificial intelligence-powered web browser called Comet in the startup’s latest effort to compete in the consumer internet market against companies like Google and Microsoft.Comet will allow users to connect with enterprise applications like Slack and ask complex questions via voice and text, according to a brief demo video Perplexity released on Wednesday.The browser is available to Perplexity Max subscribers, and the company said invite-only access will roll out to a waitlist over the summer. Perplexity Max costs users $200 per month.”We built Comet to let the internet do what it has been begging…
Defense stocks are booming — and according to one of Asia’s biggest investors, allocating capital to the sector doesn’t mean having to abandon ESG initiatives. Speaking to CNBC’s Martin Soong on Wednesday, Rohit Sipahimalani, chief investment officer at Singapore’s state investment fund Temasek, said his team were looking at opportunities in the European defense sector. “Defense is clearly an area where there’s going to be a lot of capital spent, and it’s an area we are looking to see what opportunities there are,” he said. European defense stocks hit a record high on Wednesday, with the Stoxx Europe Aerospace and…
Piper Sandler agrees with Donald Trump that the Federal Reserve needs to lower rates, as the president’s barbs at Chair Jerome Powell grow louder. “Politics aside, [Trump] isn’t wrong. Just because the overall economy and market, which is increasingly a reflection of the largest businesses and wealthiest consumers, appears to be chugging along doesn’t mean that lower rates aren’t warranted,” Michael Kantrowitz, the firm’s chief investment strategist, wrote. “Historically speaking, every single broad-based improvement in the U.S. economy began with an improvement in housing, and for that to occur we’ll need to see lower rates.” Kantrowitz noted that just a…
Top executives from tech, media and finance gathered in Sun Valley, Idaho, for Allen & Co.’s annual conference this week, an event that is often referred to as “summer camp for billionaires.”Apple CEO Tim Cook, Walmart CEO Doug McMillon, Disney CEO Bob Iger and OpenAI CEO Sam Altman were all pictured entering the lodge.Wednesday’s agenda includes interviews with Amazon CEO Andy Jassy, Treasury Secretary Scott Bessent and IAC Chairman Barry Diller, sources told CNBC’s Julia Boorstin.When he arrived on Tuesday, Altman said he is not concerned about the artificial intelligence talent war and that he would talk to Meta CEO…
An Amazon employee works to fulfill same-day orders during Cyber Monday, one of the company’s busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesU.S. online sales jumped 9.9% year over year to $7.9 billion on Tuesday, the kickoff of Amazon’s Prime Day megasale, according to Adobe Analytics.At that level, it marks the “single biggest e-commerce day so far this year,” Adobe said. It also eclipsed total online spending during Thanksgiving last year, when sales on the holiday reached $6.1 billion.Amazon’s Prime Day bargain blitz began on Tuesday and lasts…
Hims & Hers Health announced Wednesday it will offer generic semaglutide in Canada as Novo Nordisk’s patent on its branded drugs Ozempic and Wegovy is set to expire in January.”Canada is a major opportunity to show what affordable, high-quality weight loss care can look like,” said Andrew Dudum, co-founder and CEO of Hims & Hers, in a press release. “As generic semaglutide becomes available for the first time globally, we’re focused on making it truly accessible, by combining affordability with trusted, personalized care at scale.” Hims, a telehealth platform, joins a growing list of drugmakers that are looking to cash in…
A view of the Consumer Financial Protection Bureau headquarters in Washington. Saul Loeb | Afp | Getty ImagesA massive tax and spending law that President Donald Trump signed last week slashes the Consumer Financial Protection Bureau’s annual budget — and critics of the move say they fear it may lead to less oversight of financial firms and bring more harm to consumers.”There’s no way to paint a positive picture about it,” said Adam Rust, director of financial services at the Consumer Federation of America, a consumer advocacy group.The CFPB was created in the wake of the 2008 financial crisis to…
T-Mobile (TMUS) has started to face increasing headwinds despite industry leading performance. Slowing subscriber growth, stretched valuations and elevated debt levels collectively form a compelling case for seeking bearish exposure. With TMUS’s recent underperformance, I’m laying out a bearish options strategy to capitalize on potential downside. Trade Timing The timing for initiating bearish exposure in TMUS is optimal, as the stock recently has underperformed both its sector and the overall market. Additionally, a recent rally to the bearish trendline, provides an optimal entry point for maximizing risk to reward for bearish exposure. This technical set-up, combined with deteriorating relative strength…
