Early iPhone 13 supply-chain estimates and continued strength in Asia can lift shares as high as $225 over the next year, analyst Dan Ives said.
Value stocks will be favoured due to rising interest rates and higher yield as the economy recovers, but tech stocks are not set to crash.
Mobius said he isn't worried about higher yields affecting the stock market as historically there's "no clear correlation" between them.
Markets were calm on Wednesday after the tech-heavy Nasdaq 100 index jumped 4% on Tuesday in its strongest one-day rally since November.
Wood's flagship ETF was been buoyed by the rise in Tesla, its biggest holding, which soared as much as 17%.
Cathie Wood's ARK Innovation ETF is being targeted by short-sellers after falling over 22% in the past month during the tech sell-off.
Goldman Sachs analysts added Microsoft to their "Conviction List" on Monday, citing the company's booming cloud business in their reasoning.
Technology stocks led the market higher on Tuesday after the Nasdaq 100 entered a correction in Monday's session.
Tech giants and growth names whipsawed before giving up gains as traders flocked to stocks most likely to outperform as the economy reopens.
The "frothiness" in some high-flying areas such as SPACs has been wiped out by the recent selloff, says Bespoke Investment Group.
Tepper told CNBC Amazon looks inexpensive. Shares of the e-commerce giant have lost nearly 10% in the last month alone.
Palantir stock saw another double-digit loss day on Friday, continuing its downward spiral since hitting record highs of $39 per share on Jan. 27.
Wedbush analyst Dan Ives says tech stocks could rise 30% in 2021 as the digital transformation is set to continue despite a post-pandemic reopening.
Powell's comments failed to soothe markets, with the Nasdaq erasing year-to-date gains since its record close on February 12.
Tom Lee says "people aren't bullish enough about the reopening" and that tech stocks are no longer market leaders amid the pandemic recovery.
FuboTV's annual net loss topped $570 million in 2020 as the company continues to build out its sports streaming and wagering services.
Tech stocks led losses in the Nasdaq and S&P 500 after a strong rally on Monday led investors to take profits.
FAANG, cloud, and cybersecurity names will lead the climb, while Uber and Lyft represent the best reopening plays, the analysts said.
GameStop jumped for a third straight day as Reddit traders called on one another to replicate the volatile rally seen in January.
Tech stocks led a steep decline in US stocks as the 10-year Treasury yield spiked to its highest point in a year.
Bitcoin represents about 5% of Square's total cash, cash equivalents, and marketable securities as of the end of last year.
Palantir stock slid 13% on Tuesday as insiders take advantage of a lockup expiration to offload shares of the big data company. Co-founder Stephen Cohen and two other top executives sold 2.7 million shares of Palantir since the lockup expired on February 18. The move comes as the price of […]
US futures fell on Tuesday morning after stocks tumbled on Monday, with tech firms down again. Rising bond yields have caused investors to second-guess the recent equities rally. Bitcoin plunged again to around $US48,000 after rising past $US58,000 the previous week. Sign up here for our daily newsletter, 10 Things […]
Palantir's co-founder and two other top executives offloaded 2.7 million shares of the company after a lockup expiration last week.
The hedge-fund billionaire's market gauge identified froth in stock prices, new buyers, bullishness, and use of leverage.
The fall in US futures came after the tech-heavy Nasdaq index dropped 2.46% on Monday as rising bond yields weighed on stocks.
Tech stocks pulled back over valuation concerns while investors weighed what rising yields could mean for inflation.
Low-code cloud-service provider Appian reported earnings on Thursday after the market closed, and the stock fell as much as 11% on Friday. The firm said 2021 cloud-subscription revenue will be lower on a year-over-year basis. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Appian’s stock […]
Appian gave a weak sales forecast, saying 2021 cloud-subscription revenue will be down on a year-over-year basis.
Cathie Wood's ARKK and ARKW ETFs acquired roughly $172 million of Palantir stock in the last week amid falling share prices and a lockup expiration.
Palantir’s stock sank on Thursday as a lockup expiration allowed 80% of the company’s shares to trade on the open market. Citi analyst Tyler Radke warned of a potential fall due to the lockup expiration in a note to clients in January. Cathie Wood, CEO of Ark Invest, said she […]
Cathie Wood's Ark exchange-traded funds added 132,128 shares of Tesla worth over $100 million since the EV maker announced its investment in bitcoin.
Palantir is facing selling pressure on Thursday after a lockup expiration released 80% of the company's shares to trade publicly.
Palantir posted a surprise loss in its fiscal fourth-quarter earnings on Tuesday, causing the stock to fall. Goldman Sachs analysts thought the quarter was stronger than expected and raised their price target to $US34 per share. The analysts cheered Palantir’s government revenue, margin expansion, and backlog visibility. Sign up here […]
Palantir posted a surprise loss in their Q4 earnings, but Goldman analysts are bullish on the company, citing a path to "sustainable growth."
Nano Dimension is expected to raise around $500 million from its latest direct offering, for a total equity raise of $1.54 billion since last February.
Howard Marks and Joel Greenblatt discussed bubbles, tech stocks, and investing tips. The value investors suggested some companies deserve their lofty valuations. Here are Marks and Greenblatt’s nine best quotes from the interview. Visit Business Insider’s homepage for more stories. Value investors Howard Marks and Joel Greenblatt discussed market bubbles, […]
"Most asset valuations are reasonable relative to the level of interest rates," Marks told Greenblatt.
Palantir stock surged on Friday as the company announced an expanded partnership with BP. The Denver-based Big Data firm will help BP become a net-zero emissions business by 2050. The bullish news follows an investor letter from the Guardian Fund which talked up PLTR’s prospects. Sign up here for our […]
Shares of Spotify fell on Wednesday after a muted outlook offset subscriber growth. The company expects revenue of between €9.01 and €9.41 billion in 2021 vs. a €9.57B consensus estimate. Spotify ended the quarter with 155 million premium subscribers, beating analyst estimates. Sign up here for our daily newsletter, 10 […]
Siebert Financial saw its share price rise as much as 395% from Thursday’s close on Friday before paring gains. While there was no clear reason for the move, some reports have suggested the company is yet another target of the WallStreetBets crowd. The company traded with a record volume on […]
“Starting tomorrow, we plan to allow limited buys of these securities,” Robinhood said in a statement. The platform had halted trading Thursday due to the “extraordinary circumstances” and “financial requirements.” Shares of GameStop, AMC, Koss, and other Reddit favourites are spiking in response. Sign up here for our daily newsletter, […]
Shares of Apple were down about 2.5% Thursday morning despite a strong earnings report. Apple reported record quarterly profits of $US28.76 billion on revenues of $US111.4 billion. Analysts at Wedbush called the quarter a “jaw-dropper” as the wearables and services segments outperformed. Sign up here for our daily newsletter, 10 […]
Nokia shares jumped 8% on Wednesday as Reddit’s day-trader army found another target. The Finnish telecommunications company announced the first one terabit clear-channel interface deployment with Elisa. Nokia also received a boost from SEB, the firm raised its price target from $US4.25 to $US4.60 per share. Sign up here for […]
Bank of America raised its price target for Roku stock to $US500 from $US380 on Monday, implying an 18% surge from Friday’s close. The bank’s analysts expect the shift of advertising dollars to streaming platforms to continue driving record quarterly profits and revenue. International expansion and the addition of content […]
Bank of America maintained its price target for Facebook at $US345 on Monday, implying a potential 26% climb for the social media giant. Analyst Justin Post expects the company’s e-commerce strength to drive strong year-over-year quarterly revenue growth. New features like Facebook Shops and Instagram Checkout are expected to bolster […]
Shares of Google jumped as much as 5% Wednesday to touch record highs. KeyBanc raised its price target for the internet search giant from $US1,970 to $US2,060. JPMorgan in a note on Monday recommended investors shrug off ‘FANG fatigue’ in 2021. Sign up here for our daily newsletter, 10 Things […]
Palantir jumped as much as 6% Tuesday after it announced a partnership with PG&E to improve the safety of California’s electric grid. PG&E is set to use Palantir’s Foundry software to streamline data management and collection. This comes just a week after Citi analysts downgraded Palantir to “sell” in a […]
Spotify shares dropped as much as 7% on Friday after Apple announced it’s in talks to start a new podcasting subscription service. The stock was already trading lower on Friday after it was downgraded to “sell” from “neutral” by Citigroup analysts in a note on Friday that warned the company’s […]
Shares of Playtika surged as much as 34% Friday, giving the mobile game developer a valuation of almost $US15 million. Playtika’s Thursday IPO raised $US1.88 billion for the firm after 69.5 million shares were priced at $US27 apiece, slightly above the initial marketed range. Playtika shares trade on the Nasdaq […]
Xiaomi stock plunged as much as 14% after the Department of Defence added the firm to its US investment blacklist on Thursday. Under the terms of the executive order signed by President Trump, the designation means that after 60 days US investors won’t be able to buy Xiaomi stock and […]
Lemonade stock fell as much as 11% on Thursday after a negative tweet from notorious short-seller Citron Research. The online-insurance platform has outpaced the market considerably since its July IPO with shares up more than 130%. Lemonade stock boasts a market cap in excess of $US9 billion and trades at […]
Google’s parent Alphabet is Bank of America’s top FANG-stock pick for 2021. In a note published Thursday a group of BofA analysts said that Google has a more diversified advertiser base than its tech peers and it’s cloud business will be a “significant growth driver” in the next two years. […]
Poshmark soared as much as 150% on Thursday after going public Wednesday The online marketplace for second-hand goods raised $US277 million IPO Wednesday, selling 6.6 million shares for $US42 apiece. Poshmark’s leap continues the trend of massive investor demand for IPOs and SPACs, the company trades under the ticker “POSH” […]
Affirm continued its post-IPO winning streak on Thursday. The stock has now surged as much as 160% in just two days of public trading. The online instalment loan provider recently raised $US1.2 billion in its initial public offering, selling 24.6 million shares for $US49 each. Since Affirm’s founding, more than […]
Shares of VMware, Inc. slipped over 7% Wednesday on news the company’s CEO Pat Gelsinger is headed to Intel. Gelsinger will be replaced by CFO Zane Rowe in the interim while the board and majority stakeholder Dell Technologies decide on a replacement. Michael Dell, Chairman of the Board at VMware, […]
Uber stock is surging Tuesday, up over 7% on strong volume as investors are betting on a ride-share recovery in 2021. SoftBank Group Corp.’s Vision Fund announced that it sold about $US2 billion in Uber stock on January 7 at an average price of $US53.46 per share. Uber also recently […]
Chamath Palihapitiya said Tuesday that his “biggest investment in climate change” is in commercial EV manufacturer Proterra, which is set to merge with blank-check firm ArcLight Clean Transition Corp. Palihapitiya noted Proterra’s first-mover advantage, revenue growth, and a runway of orders and backlogs as part of his reasoning for the […]
Bitcoin’s first big pullback of the year is hurting cryptocurrency miners on Monday. Shares of Riot Blockchain and Marathon Patent Group have fallen over 15% on the back of Bitcoin’s pullback. Bitcoin mining is now more popular, and more difficult, than ever before according to data from CoinDesk. Visit Business […]
Deutsche Bank analysts initiated coverage of online discount retailer Wish on Monday at a ‘buy’ rating with a $US26 price target. Shares of the company have struggled since its December IPO, ending 2020 at lows of around $US17.50. 2021 so far has been a year of recovery for Wish’s stock, […]
C3.ai shares shot up 5% Friday as the firm continues its historic post-IPO run. CEO Tom Siebel said in an interview with CNBC that C3.ai’s digital transformation institute would be making a ‘very big announcement’ regarding clean energy and AI. The company remains one of the most highly valued tech […]
Snowflake jumped 13.5% on Thursday, and continued the rally Friday morning with shares up over 6%. The price has defied the prospect of a selloff as a lockup expiration on Thursday allowed early investors to offload 37.9 million shares. Snowflake’s rally comes after shares of the data storage company fell […]
FAANG stocks recovered Thursday after a tough Wednesday session caused by Georgia’s surprising election results. Gillman Hill Asset Management CEO Jenny Harrington pointed to newfound clarity of what’s to come from Washington as her reasoning for the rebound. Other analysts noted the potential for more fiscal support and less political […]
Tesla may not be as vulnerable to Apple’s EV entry as some claim, say Morgan Stanley analysts. Apple will need to focus on vertical integration if it wants to compete in the low margin vehicle business. That doesn’t mean Tesla isn’t facing a slew of new challenges from the competition […]
Shares of the streaming company, Roku, are up over 2% on Wednesday on the back of news that it has reached 50 million active accounts. Roku estimates nearly one-third of US households have cut traditional pay-TV. Roku’s stock is up approximately 148% over the past year alone as the streaming […]
A 50-50 tie in the Senate won’t have major stock market implications and investors shouldn’t move money based on the Georgia election results, said David Bahnsen, chief investment officer of The Bahnsen Group. “If an investor’s asset allocation was to be substantially altered by a 50-50 Senate vs. a 51-49 […]
Georgia’s run-off election results are creating heightened uncertainty for Big Tech names, as the likelihood of regulation from a Democrat-controlled Senate increases. Facebook, Apple, Amazon, Netflix, and Google were all down around 2% in premarket trades. Traders and strategists argue that cyclical and value stocks will benefit from the result, […]
Bank of America expects Google and Twitter to outperform tech peers in the first half of 2021 as online advertising bounces back. The bank’s strategists lifted their forecasts for ad spending on Wednesday. Global spending will grow 22% in 2021 to $US411 billion, while US spending will rise 23% to […]
Palantir surged as much as 17% on Monday after a Bloomberg report said the data-mining firm won a three-year contract with the FDA worth $US44 million. Palantir’s software will help drive the FDA’s drug reviews and inspections, according to the report. Visit Business Insider’s homepage for more stories. Palantir surged […]
BlackBerry surged as much as 65% on Tuesday after the company inked a multi-year deal with Amazon to develop and market its “Intelligent Vehicle Data Platform.” The cloud software, called IVY, allows automakers to read vehicle sensor data and improve systems and performance, according to a press release. The stock’s […]
Bank of America recently released its 2021 stock market outlook. Strategists led by Savita Subramanian detailed their preferred sectors, key investment themes, and a 2021 year end S&P 500 price target of 3,800. The strategists told investors 2 critical rules to follow for higher returns: extend your investment horizon and […]
Slack rocketed as much as 32% higher on Wednesday after Dow Jones reported Salesforce.com is in talks to acquire the workspace-communications company. Such a deal would likely value Slack at more than the $US17 billion market cap it held before shares jumped. There’s no guarantee the talks will lead to […]
Snap rallied as much as 7% on Monday after unveiling Spotlight, a new Snapchat feature set to compete with TikTok and Instagram Reels. The jump placed shares above the previous record-high set on November 6. The service will allow users to submit snaps to be featured in a reel of […]
British investor Jeremy Grantham reflected on the dot-com bubble, trumpeted green investments, and criticised Americans’ response to the pandemic in a RealVision interview released on Monday. The chief investment strategist of asset-manager GMO also praised Pfizer’s partner BioNTech and Moderna for developing extremely effective COVID-19 vaccines in record time. Scroll […]
Nvidia’s strong third-quarter results are foreshadowing continued outperformance over the next year, Bank of America analysts said in a recent note. The team led by Vivek Arya lifted its price target on Nvidia shares to $US665 from $US650, implying a 24% rally from Thursday’s closing level. Demand for Nvidia’s chips […]
Uber will leap 22% next year, as economies reopen, before returning to pre-COVID ridership by early 2022, Wedbush analysts said in a Wednesday note. Wedbush boosted their price target for Uber to $US60 from $US49, implying a 22% rally from current levels. The ride-hailing firm will be “standout name” next […]
Tech stocks are shares in companies in the technology industry – a huge sector that includes telecommunications, IT, electronics, and computer hardware and software. Tech stocks offer some of the best growth potential, but – like most high-reward investments – they come with high risks too. Since many tech stocks […]
SoftBank’s new trading arm, SB Northstar, posted $US3.7 billion in losses as bearish derivatives bets on tech stocks floundered, the Financial Times reported Wednesday. The arm was mostly kept secret until the FT revealed it was making multibillion-dollar bets on tech giants through the summer’s market rally. SoftBank CEO Masayoshi […]
Lyft’s third-quarter figures weren’t thrilling, but its earnings guidance and vaccine hopes stand to push the stock to pre-pandemic highs, Wedbush said Wednesday. Analyst Dan Ives lifted his price target for Lyft shares to $US48 from $US37 in a note to clients, a 33% upside from Tuesday’s close. Lyft executives […]
Global equities rose, led by gains in commodity, retail and industrial stocks, which tend to benefit from an improving economic outlook, while technology shares lagged. Cases of COVID-19 keep surging in the US and Europe, where Italy imposed new movement restrictions in the worst-hit areas. Political uncertainty in the United […]
Zoom dove as much as 16% in early Monday trading after Pfizer’s encouraging COVID-19 drug results dragged stay-at-home stocks lower. The pharmaceutical company announced Monday morning that it’s experimental coronavirus drug was more than 90% effective in preventing COVID-19 in trial participants. The news lifted global stocks, particularly those for […]
FAANG is an acronym that stands for five major, highly successful US tech companies: Facebook, Amazon, Apple, Netflix, and Google. Comprising 15% of the S&P 500, FAANG stocks’ performance has a substantial effect on the overall market. Investors can buy FAANG stocks individually or via tech industry-focused funds. Visit Insider’s […]
US stocks extended their torrid multiday rally on Thursday as investors turned increasingly bullish toward the prospect of a divided government. Healthcare and tech stocks fuelled indexes’ gains. A split government would be unlikely to further regulate and tax the industries as Democrats had hoped. New US weekly jobless claims […]
Tech stocks are thriving on expectations for a divided government in 2021. Wedbush analyst Dan Ives thinks the sector can rally another 10% to 15% by 2021. A Biden presidency and Republican-controlled Senate is the “Goldilocks election outcome” for tech names, Ives said. A divided government would likely block Democrats’ […]
US stocks surged, even as the outcome of the US presidential election remained up in the air as of Wednesday morning. Technology stocks led the move higher on as prospects of a Republican controlled Senate seemed likely, dimming the likelihood of an anti-trust break up of mega-cap tech. Watch major […]
US stocks rallied on Monday as encouraging economic data and election bets lifted indexes from their worst weekly slump since March. Market volatility picked up as Election Day neared. Former Vice President Joe Biden has enjoyed a lead in the polls, but President Donald Trump has indicated he will contest […]
Technology investors were tested on Friday after strong earnings reports from mega-cap earnings like Amazon, Facebook, and Apple were still followed by sharp declines in share prices. Traders elected to focus on tepid profit-growth outlooks, rather than the past quarter’s better-than-expected results. Despite the negative earnings reaction in Friday trades, […]
US equities climbed higher on Thursday as rallying tech stocks and encouraging economic data reversed some of Wednesday’s plunge. Apple,Amazon,Facebook, and Alphabet led gains ahead of the companies’ third-quarter reports. US GDP grew at a record 33.1% annualized rate in the third quarter, the Commerce Department said Thursday. The reading […]
Advanced Micro Devices’ strong third quarter earnings pave the way for improved market share in the $US50 billion semiconductor industry, Bank of America analysts said Wednesday. The team lifted its price target for AMD shares to $US110 from $US100, implying a 44% climb from Wednesday’s closing level over the next […]
Alphabet is set to release its third quarter earnings after the bell on Thursday, and investors will have their eyes set on both its online advertising business and continued growth in its Google Cloud division. A recovery in Google’s online advertising business would be welcomed after it suffered a hit […]
Apple is set to report fiscal fourth-quarter results on Thursday, cluing investors in on how the company performed just before its latest iPhone event. The quarter that ended in September saw Apple introduce new services and update its watch and iPad lineups. The reveal of its first 5G-capable iPhone lineup […]
Technology stocks cratered on Wednesday, leading the market lower amid an ongoing congressional hearing with the CEOs of Twitter, Facebook, and Alphabet regarding Section 230. The Senate hearing was contentious as Republican Senators like Ted Cruz laid into Twitter CEO Jack Dorsey for its handling of the NY Post Hunter […]
September 2 was the top in the stock market, hedge fund investor David Einhorn argued in Greenlight Capital’s third quarter letter. According to Einhorn, the market is in the midst of a bubble driven by technology stocks, and that bubble “has already popped.” “What matters in a bubble is market […]
Investors aren’t seeing the bigger picture regarding Palantir’s discounted valuation, Morgan Stanley analysts said Monday. The bank initiated an “overweight” rating on Palantir’s shares in a note to clients. The analysts’ $US13-per-share price target implies a 31% rally from Monday’s close over the next 12 months. Palantir closed Monday just […]
Brian Belski, BMO chief investment strategist, told CNBC that investors should not base their investment decisions on politics, just a week away from the election. Instead, Belski said investors should seek out “really great companies” and invest in growth. Growth companies will outperform when the market is coming out of […]
Xilinx shares soared as much as 17% higher in early Tuesday trading after Advanced Micro Devices agreed to buy the company in a $US35 billion deal. The acquisition is expected to close by the end of 2021, according to a press release. Xilinx shareholders will receive 1.7234 shares of AMD […]
Amazon, Tesla, and Apple make up some of the “Elite Eight,” a group of stocks that have collectively seen their market cap surge from $US1 trillion to $US8 trillion in 8 years, according to Ned Davis Research. Now, despite their strong sales and earnings growth, the group of mega-cap titans […]
Intel shares were downgraded to “underperform” by Bank of America analysts on Friday after the company’s third-quarter report signalled weakened second-half performance. The team also lowered its price target for the company’s shares to $US45 from $US60, implying a 17% decline from Thursday’s closing level over the next 12 months. […]
“LA just keeps winning,” analysts at Stifel said after Snap reported a blowout third quarter earnings report. Despite the initial 25% surge following Snap’s better-than-expected earnings, analysts expect the stock to continue to move higher. Here’s what six Wall Street analysts had to say about Snap’s third quarter earnings report. […]
Netflix sank as much as 6% in early Wedne sday trading after missing expectations for third-quarter subscriber growth and profits. The streaming titan added 2.2 million subscribers over the three-month period, missing Wall Street’s 3.3 million estimate. While revenue beat expectations, earnings per share of $US1.74 missed the $US2.13 Street […]
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