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Mastercard's Conservative Outlook and Relative P/E Discount Make It a Favorable Bet: Analysts Raise Price Targets
Friday, July 28, 2023 - 2:31pm | 361Raymond James analyst John Davis maintained an Outperform rating on Mastercard Inc (NYSE: MA) with a price target of $453. The re-rating followed solid 2Q results that featured ~2% upside to revenue and EPS relative to the Street. Moreover, the company reiterated...
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What's Going On With AMD Stock Thursday?
Thursday, July 27, 2023 - 4:27pm | 298Advanced Micro Devices Inc (NASDAQ: AMD) stock closed higher along with its peers Thursday, following upbeat quarterly results from Lam Research Corp (NASDAQ: LRCX) and Meta Platforms, Inc (NASDAQ: META). Rosenblatt analyst Hans Mosesmann reiterated AMD...
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Why Willis Towers Watson Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Thursday, July 27, 2023 - 12:53pm | 1975Gainers Femasys Inc. (NASDAQ: FEMY) gained 54% to $0.55. Femasys reported a notice of allowance for new U.S. patent application covering use of FemBloc for female permanent birth control. Ultralife Corporation (NASDAQ: ULBI) shares jumped 43.4% to $7.07 after the company posted better-than-...
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Mastercard Posts Q2 Earnings Beat, Reaffirms FY23 Guidance
Thursday, July 27, 2023 - 11:46am | 494Mastercard Inc (NYSE: MA) reported Q2 2023 net revenues of $6.27 billion, up 14% Y/Y and 15% Y/Y on a neutral currency basis, beating the consensus of $6.17 billion. Payment network net revenue rose 13% Y/Y (+14% Y/Y on a currency-neutral basis), led by growth in gross dollar volume (+12...
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We'll Do It Live
Thursday, July 27, 2023 - 11:16am | 2052Hold onto your coffee cups, 'cause we're kicking off the day with GREAT news! GDP soars to 2.4% in Q2 2023. This is up from 2% in Q1. The “for sure recession" is nowhere in sight - it vanished like a magician's trick! Market Prices as of 4 pm EST, 7/26/23 Macro Sales of new...
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Will Q2 Earnings Propel Payment Processor Shift4?
Wednesday, July 26, 2023 - 12:00pm | 831Payment processing specialist Shift4 Payments Inc. (NYSE: FOUR) formed a bullish base below resistance at $76.40. Its second-quarter earnings report on August 3 is a possible catalyst for a significant price move. Shift4 is part of the payment processors sub-industry, which includes...
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Why Alaska Air Group Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
Tuesday, July 25, 2023 - 1:11pm | 1991Gainers Aurora Acquisition Corp. (NASDAQ: AURC) shares jumped 192% to $30.54. Inpixon (NASDAQ: INPX) gained 117% to $0.33 after the company agreed to merge with XTI Aircraft Company. Electra Battery Materials Corporation (NASDAQ: ELBM) shares shot up 71.5% to $2.11 after jumping 22% on Monday....
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Why Expion360 Holdings Shares Are Trading Higher By 13%; Here Are 20 Stocks Moving Premarket
Tuesday, July 25, 2023 - 8:26am | 781Gainers Electra Battery Materials Corporation (NASDAQ: ELBM) shares surged 59% to $1.96 in pre-market trading after jumping 22% on Monday. Electra Battery Materials said its battery grade cobalt supply agreement with LG Energy Solution has been extended and expanded from terms initially announced...
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Bad Breadth Is Masking Opportunities
Monday, July 24, 2023 - 1:22pm | 2064Back from vacation and diving into a big week. The S&P 500 is just over 5% away from hitting its all-time high, FED's poised for a rate hike, second quarter GDP and big tech earnings are rolling in. Coffee in hand? Let's conquer this week together! Market Prices as of 4 pm EST, 7/21/23...
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Should You Invest In The iShares U.S. Financial Services ETF (IYG)?
Monday, July 24, 2023 - 11:05am | 618Launched on 06/12/2000, the iShares U.S. Financial Services ETF (ETF:IYG) is a passively managed exchange traded fund designed to provide a broad exposure to the Financials - Broad segment of the equity market. While an excellent vehicle for long term investors, passively managed ETFs are a popular...
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Live Ventures Acquires Precision Metal Works For $28M
Monday, July 24, 2023 - 10:43am | 270Live Ventures Inc (NASDAQ: LIVE) announces the acquisition of Precision Metal Works, a Kentucky-based metal stamping and value-added manufacturing company, for $28 million. The consideration comprises $25 million cash and an additional consideration of up to $3 million paid in the form of...
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Apple To Rally Over 17%? Here Are 10 Other Analyst Forecasts For Monday
Monday, July 24, 2023 - 7:44am | 540Citigroup raised the price target for Cintas Corporation (NASDAQ: CTAS) from $540 to $550. Citigroup analyst Leo Carrington downgraded the stock from Buy to Neutral. Cintas shares fell 0.8% to $503.43 in pre-market trading. Stifel raised Lam Research Corporation (NASDAQ: LRCX) price target...
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ASML Will Test New Highs, Earnings Leave No Doubt
Friday, July 21, 2023 - 8:06am | 853Wars typically dislocate market valuations and supply chains across many industries; in today's environment, the main clash is between two leading economies. While not a physical war itself, the United States and China are battling in what is being called the 'Chip War.' This conflict...
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Top 4 Tech & Telecom Stocks That May Rocket Higher In July
Friday, July 21, 2023 - 7:45am | 498The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price...
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After Earnings Results, Markets Love Prologis Stock
Thursday, July 20, 2023 - 9:32am | 845As earnings season kicks off, a different set of stocks goes under the scrutinizing spotlight of financial markets' judgment. In today's market, there are clear signs of favoritism and preference as investors begin to identify what money "likes" in the economy. The bank...