A new RBC survey of 75 institutional investors reveals three key themes that are on the minds of large fund managers heading into 2021. Overall, the survey revealed that stock-market optimism is high, while a slowdown in the vaccine rollout is a risk that investors are monitoring. Investors also anticipate […]

The “Amazon effect” is no longer segmented to the retail industry. The disruption the e-commerce giant caused in the sector is now reflective of the change happening across industries, with many companies using Amazon as a model for how to pursue digital transformation. Washington Post’s chief information officer Shailesh Prakash […]

The risk of a contested election is “severely underpriced” in the stock market, according to the head of derivatives strategy at RBC Capital Markets. In a Tuesday interview with CNBC, Amy Wu Silverman said based on the moves implied by options trading around the election, the market believes the result […]

Tesla’s third-quarter earnings report beat expectations on multiple key metrics including cash flow and gross margins. The electric vehicle automaker also reiterated its goal of 500,000 deliveries in 2020, a statement many analysts were anticipating before the report. Shares of Tesla soared nearly 5% at the market open on Thursday. […]

Tesla will release its third quarter earnings report after markets close on Wednesday. The electric vehicle company already announced record third-quarter production numbers and beat expectations for its deliveries in the quarter. Analysts on Wall Street are now focusing on whether Tesla will meet its 2020 delivery target of 500,000, […]

RBC Capital Markets on Monday boosted its price target on shares of Tesla to $US290 from $US170 following the automaker’s stock split. Still, the firm maintains its “underweight” rating on shares of the automaker and said that it’s overvalued. “We recognise we underestimated a critical valuation point: seemingly insatiable investor […]

Mark Mahaney, RBC Capital Markets lead internet analyst, told CNBC that Uber, Facebook, and Booking are his top three stocks as the recovery play unfolds. The analyst said he’s looking beyond COVID-19 “winners” like online entertainment and e-commerce sites. Mahaney’s favourite recovery stocks are those with good business models, even […]

Lori Calvasina, RBC Capital Markets head of US equity strategy, told Bloomberg that investors looking to buy cyclicals should load up on industrial stocks and avoid financials. Low interest rates remain a long-term concern for financials, while this is not an issue for industrials, she said. Calvasina added she’s worried […]

RBC Capital Markets is rolling out the RBCCM U.S. Kids Club, a new virtual summer camp-inspired program to keep its employees’ children occupied while at home this summer Staff from the bank are volunteering to teach online classes and lead courses meant to keep their kids entertained Among activities kids […]

RBC Capital Markets upgraded its Apple price target to $US390 from $US345 on Wednesday, an 11% jump from where shares currently trade. Apple shares rose nearly 1% to a fresh all-time high of $US355.37 on Tuesday. On Tuesday, Citi also upgraded shares of Apple to a Wall Street-high of $US400. […]

RBC Capital Markets on Sunday raised its Amazon price target to $US3,300 from $US2,700 – a 33% increase from where shares traded at Friday’s close. The firm boosted its Amazon target price after its US online shopping survey showed that the company still dominates the space. The coronavirus pandemic has […]

The recent market correction saw investor bearishness spike. But RBC Capital Markets analysts think there’s room for pessimism to grow even more intense. The decline in US stocks after the Federal Reserve’s emergency Tuesday rate cut is “a good reminder” investors are wary of the coronavirus’s economic risks, the analysts […]

Mark Mahaney of RBC Capital Markets reiterated that Uber is his top long stock pick for 2020 after the company reported solid quarterly results Thursday. Shares of Uber surged as much as 9% in early trading Friday. “We still see material upside potential from current levels,” Mahaney said in a […]

Much of Wall Street has turned to historical data from SARS to get a grip on what coronavirus could have in store for markets. But the US stock market was dealing with an impending war and weak economic fundamentals in 2003, making that a faulty comparison, RBC Capital Markets analyst […]

Sen. Elizabeth Warren has been surging in the latest Democratic primary polls, and analysts are starting to consider how a Warren administration would affect different sectors of the economy. A Warren victory against President Trump, coupled with a Democratic takeover in the Senate, could bring new regulatory scrutiny to the […]

RBC Capital Markets put together a list of the stocks most frequently added by large-cap fund managers during the second quarter. RBC defines these stocks as “rising suns,” and the firm said they often outperform the market in the quarters after they make the list. Almost half of the stocks […]

Federal prosecutors have accused Bill Tsai, a junior analyst at RBCCapital Markets, with insider trading. The charges come roughly one year after Tsai completed his undergrad studies at the NYU Stern School of Business. The SEC filed a related civil lawsuit in Manhattan Monday, which said Tsai traded on merger […]