Here are Wall Street’s biggest calls on Wednesday: Bernstein reiterates Amazon as outperform Bernstein said it remains bullish on the e-commerce giant heading into 2023. “Amongst the uncertain backdrop, Amazon continues to look like the safest place in eCommerce after taking share in 3Q and likely continuing to do so in 4Q.” Wells Fargo downgrades … Read more
Here are Wall Street’s biggest calls on Tuesday: KBW downgrades banks to market weight from overweight KBW said in its downgrade of the banking sector that it’s getting ahead of any further moves by the Federal Reserve, and that lower rates means less profitability for banks. “Positive EPS revisions most notable in early 2022 as … Read more
U.S. stock futures point to a bounce at the open after the S&P 500 had its worst week since September.
John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Images Attorneys in the Bahamas filed an emergency motion on Friday asking a Delaware bankruptcy judge to compel U.S. leaders of failed crypto firm FTX to … Read more
Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon is temporarily closing warehouses in parts of Florida as Hurricane Ian churns toward the state. The company on Tuesday shuttered sites near Tampa and … Read more
Berkshire Hathaway Chairman Warren Buffett seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. Scott Morgan | Reuters Researchers applied the Inflation Reduction Act’s new 15% corporate minimum tax onto 2021 company earnings and found that the burden would only be felt by about 78 companies, with Berkshire Hathaway … Read more
What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq Composite tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it plunged more than 20% in March 2020 at the start of the Covid-19 pandemic in … Read more
Here are the biggest calls on Wall Street on Thursday: UBS upgrades Eli Lilly to buy from neutral UBS says it’s bullish on the company’s weight loss drug and sees upside potential. “With these events in the rear-view mirror, we now view LLY as being the most attractive name in our large cap coverage, with … Read more
Los Angeles Chargers tight end Gerald Everett (7) during a 26-yard reception in the fourth quarter of an NFL game between the Los Angeles Chargers and Kansas City Chiefs on September 15, 2022 at GEHA Field at Arrowhead Stadium in Kansas City, MO. Scott Winters | Icon Sportswire | Getty Images Amazon’s first broadcast of … Read more