Sundar Pichai, CEO, Alphabet Inc. , speaking during the CEOs Summit of the Americas hosted by the American Chamber of Commerce in Los Angeles, California, United States, on Thursday, June 9, 2022. Kyle Grillot | bloomberg | Getty Images Google’s parent the alphabet Fourth-quarter earnings will be reported Thursday after the close of normal trading. …
Here are Thursday’s biggest calls on Wall Street: JMP downgrades Peloton to market outperformer JMP and downgrades the stock primarily on valuation. “We are downgrading Peloton stock from outperform to market perform as Peloton reached our previous price target of $16 while leaving our estimate for fiscal year 2024 largely unchanged following fiscal year 2 …
Wall Street analysts are looking optimistic on META, NVDA and FSLR Read More »
For years, Wall Street has fretted about Silicon Valley’s refusal to pay dividends and buy back shares as tech companies grow into cash-generating machines. That’s no longer a problem, even though those tech companies are making less money than they were in previous years. In fact, some tech companies are basically pushing on Wall Street …
Opinion: Zuckerberg and Intel ship layoff proceeds directly to Wall Street Read More »
The January market rally faces a major test in the coming week from multiple key events, the most important of which might be the Fed’s rate announcement and press conference. The Fed’s meeting on Tuesday and Wednesday comes amid a flood of corporate earnings reports, with 20% of the S&P 500 reported that week. The …
Apple earnings, Fed meeting drive stocks next week Read More »
CNN – The Justice Department and eight states sued Google on Tuesday, accusing the company of harming competition with its dominance of the online advertising market and calling for it to be broken up. The move marks the Biden administration’s first antitrust case against Big Tech. The eight states that joined the lawsuit include California, …
