AI chip leader Nvidia will have an embarrassment of riches in the coming years, and shareholders will be rewarded, a tech analysts predicted. Ben Reitzes, a managing director and head of technology research at Melius Research, told CNBC on Wednesday that Jensen Huang’s Nvidia has mastered a “full stack” approach with its hardware and software, […]
A powerful start to 2024 had the bulls predicting $100,000 bitcoin {{BTC}} at some point this year, but relentless selling pressure during April and June (interrupted by a May bounce) has the price struggling not to drop below $60,000 as the quarter draws to a close. Entering the second quarter, bitcoin was trading just shy […]
Artificial intelligence (AI) is dominating the technology sector right now, and one company that stands to benefit greatly is e-commerce and cloud computing leader Amazon (NASDAQ: AMZN). Roughly halfway into 2024, shares of Amazon have soared by 23% — handily topping the 15% year-to-date gain of the S&P 500 and the 19% rise of the […]
Nike stock dived early Friday after the Dow Jones retailer missed sales forecasts for its Q4 results late Thursday and cut its outlook. A number of analysts downgraded Nike and/or cut their price target on shares after results. ↑ X NOW PLAYING How To Sell Stocks: When To Cut Losses Nike (NKE) earnings accelerated for […]
Nvidia (NASDAQ: NVDA) is the hottest company on the planet right now — and it’s not even close. Indeed, the chip specialist is at the heart of the artificial intelligence (AI) revolution, and investors can’t seem to get enough. Just days ago, Nvidia’s market cap rocketed past $3.3 trillion and briefly overtook Microsoft as the […]
Micron Technology (MU) reported fourth quarter earnings, surpassing expectations on the top and bottom lines. However, the company’s weaker-than-expected outlook disappointed investors, triggering a downturn in the semiconductor sector and dragging chip stocks lower in Thursday’s trading session. CFRA Research senior industry analyst Angelo Zino and Bloomberg Intelligence analyst Jake Silverman join the Morning Brief […]
War in Ukraine, war in the Middle East, saber-rattling in China – there’s no question that the global security situation is turning chaotic. Closer to home, the halls of Congress are seeing an unusual degree of bipartisan agreement on defense spending. And in the stock markets, investors are taking a closer look at aerospace and […]
Eamon Dunphy has branded James McClean as “a mouth” in response to the Derry man’s debut as an RTÉ football pundit. Dunphy, a former Irish international who is now a well-known podcaster and pundit, also called Roy Keane “a poor analyst” whose “knowledge of the game is thin”. He made the comments in a column […]
Tesla (TSLA) stock rallied above a buy point Wednesday as Stifel initiated coverage of the EV giant with a buy rating and a 265 price target. ↑ X NOW PLAYING If Tesla Is The Most Valuable Car Company, Why Are Hybrids Outselling EVs? Tesla reports second-quarter global deliveries next week and analysts are cutting estimates […]
Apple and FedEx upgraded: Wall Street’s top analyst calls The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: Rosenblatt upgraded Apple (AAPL) to Buy from Neutral with a price […]
Robinhood stock leapt early Wednesday after the digital broker received an upgrade from Wolfe Research. Meanwhile, Robinhood (HOOD) is scheduled to host its annual meeting Wednesday at 12:30 p.m. ET.
The S&P 500 (SNPINDEX: ^GSPC) tumbled as much as 25% in 2022 as runaway inflation and rising interest rates weighed on the stock market. Against that backdrop, Tom Lee of Fundstrat Global Advisors turned heads when he predicted the index would rally 24% in 2023 despite the growing risk of recession. Lo and behold, his […]