Snap, AT&T, Warby Parker, Tesla & more

Snap, AT&T, Warby Parker, Tesla & more

Here are Friday’s biggest calls on Wall Street: Barclays downgrades AT & T to equal weight from overweight Barclays said in a note to clients after AT & T’s earnings report that it has “credibility questions” which are likely to persist. “AT & T’s results, while being impacted to some extent by the macro backdrop, … Read more

Senate Still Tinkering on Chips Act. What It Means for Intel and Other Stocks.

Senate Still Tinkering on Chips Act. What It Means for Intel and Other Stocks.

Text size The Senate votes Tuesday on a bill that would authorize more than $50 billion in subsidies and tax credits for U.S. chip makers. Tim Herman/Intel Corporation Semiconductor stocks rose Tuesday in anticipation of a Senate vote on a bill that would authorize more than $50 billion in subsidies and tax credits for U.S. … Read more

JPMorgan on investing in chip stocks even as recession risks rise

JPMorgan on investing in chip stocks even as recession risks rise

Many analysts are now bearish on the chip sector , but some semiconductor firms could still do well even as the risks of a slowdown grow, according to JPMorgan. Some chipmakers are set to be driven by solid spending in a key tech sub-sector: the cloud. Companies will drive expenditure in this area — on … Read more

Opinion: The chip boom likely over, as Micron says it’s in a ‘downturn’

Opinion: The chip boom likely over, as Micron says it’s in a ‘downturn’

The semiconductor boom of the past two years appears to be ending. Memory-chip maker Micron Technology Inc. MU, -1.32% gave a downbeat forecast for its next fiscal quarter Thursday, predicting a massive revenue shortfall ranging from $1.5 billion to $2.3 billion, as COVID-19 restrictions in China and slower demand for consumer products hurt the sale … Read more

Quarter-end buying may lift stocks higher before the next market storm

Quarter-end buying may lift stocks higher before the next market storm

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window of positive momentum for an … Read more