Charles Schwab bulls are gaining momentum against the bears, priming the stock to go higher from here, according to Wells Fargo. Analyst Michael Brown upgraded shares of the financial services firm to overweight from equal weight. Brown also raised his price target to $93 from $89, implying upside of nearly 15% from current levels. The upgrade comes a day after the brokerage reported fourth-quarter results that beat analyst expectations. Shares rose nearly 6% on the back of those figures. “Our call on SCHW had been that the bull/bear debate would keep shares range bound. Following a solid print and call,…
Author: usaeverydaylife
I’ll review how options traders positioning themselves in the biggest movers post-earnings and identify some stocks where heavy call buying could signal optimism going forward. Of the top 20 stocks in options volume that have reported quarterly earnings so far, a few have significantly outperformed the S & P 500, and a few have materially underperformed. Bank Ozk (OZK) , the best-performing financial stock this earnings season, is out of favor. Sell-side analysts believe that this specialty commercial real estate lender is facing some slowdown in its primary business. Paydowns are rising, and the bank faces compression in net interest…
Databricks co-founder and CEO Ali Ghodsi.DatabricksData analytics software startup Databricks said Wednesday that Meta has signed on as an investor.As the company that trains the popular Llama open-source large language models, or LLMs, that Databricks builds on, Meta plays an important role in the artificial intelligence. Databricks works closely with Meta’s Llama team, the startup’s co-founder and CEO, Ali Ghodsi, said in an interview this week.The relationship goes all the way up to Meta co-founder and CEO Mark Zuckerberg.”We’ve discussed open-source software in the past, and he cares a lot about open-source models and Llama,” Ghodsi said.Meta doesn’t invest in…
Single parents in Spain can request the same total amount of paid parental leave that couples are entitled to, a regional court has ruled, in a case that could be a game changer for the large number of one-parent families in the country.The decision, by a court in the southeastern region of Murcia this month, is the first to stem from a November ruling by Spain’s constitutional court that barred discrimination against children born into single-parent families.“The duration and intensity of the need for care and attention of a newborn is the same regardless of the family model into which…
Check out the companies making headlines before the bell. Netflix — Shares popped more than 15% after the company announced a top- and bottom-line beat on Tuesday night. The streaming service earned $4.27 per share on $10.25 billion in revenue for the fourth quarter. Analysts surveyed by LSEG had expected earnings of $4.20 per share and revenue of $10.11 billion. Netflix also topped 300 million paid subscribers in the quarter. United Airlines — The airline stock rose 5% after issuing a better-than-expected outlook . United expects to earn 75 cents to $1.25 per share, after adjustments, in the first three…
Barclays is moving to the sidelines when it comes to Ford Motor . The bank downgraded the automaker to equal weight from overweight. Analyst Dan Levy accompanied the move by lowering his price target to $11 from $13, implying upside of just 5.5%. “Considering Ford’s current earnings profile and valuation, it lacks a compelling case for us to remain OW-rated. Simply, with Ford facing headwinds from volume and price in ’25, it’s unclear that cost actions will be sufficient to offset these drags — this uncertainty leads us to step to the sidelines with an EW rating,” the analyst wrote.…
Abnormal Security, a startup selling email security software to companies, said on Wednesday that it’s hired former ServiceNow finance executive Lisa Banks as chief financial officer as the company gears up to prepare for an IPO.Abnormal is going after a longstanding market, which includes incumbents Mimecast and Proofpoint, adding a layer of artificial intelligence that spots attacks in email messages. Other startups such as Material Security and Sublime Security offer competitive email tools.”We’re disrupting the legacy market, and the approach around AI and human behavior is very unique,” Banks said in an interview.With Donald Trump returning to the White House…
U.S. President Donald Trump delivers remarks on AI infrastructure at the Roosevelt room at White House in Washington, U.S., January 21, 2025. Carlos Barria | ReutersU.S. President Donald Trump’s “America First” agenda raises awkward questions for the European Union, although some lawmakers say Trump’s return to the White House could be a “real opportunity” for the 27-nation bloc.Trump, who promised a new “golden age” for America in his inaugural address on Monday, has repeatedly threatened to impose duties on goods imported to the U.S. from the EU, stoking fears of a possible trade war.Speaking to reporters earlier in the week, Trump…
Billionaire Mark Cuban, New York Democratic Rep. Alexandria Ocasio-Cortez and author Stephen King are all now on Bluesky. The social media platform is the brainchild of Twitter co-founder Jack Dorsey, who conceived Bluesky as a side project inside Twitter in 2019. Bluesky, which is no longer affiliated with Dorsey, is now its own company, and following the U.S. election, the platform saw an influx of new users, most of who were looking to flee X. Bluesky now has over 28 million users, according to the company.”The growth numbers for Bluesky are wild, and I think it’s really because there’s this…
Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBCJPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock market inflated and said that he felt more cautious than others in the business world because of the risks from deficit spending, inflation and geopolitical upheaval.”Asset prices are kind of inflated, by any measure. They are in the top 10% or 15%” of historical valuations, Dimon told CNBC’s Andrew Ross Sorkin at the World Economic Forum in Davos, Switzerland.Dimon said that…
