Cramer says these 6 ‘positives’ could lift stocks in earnings season

CNBC’s Jim Cramer on Monday said that several elements could help propel stocks higher, even during what could be an ugly earnings season. Tuesday kicks off a new earnings season featuring some of the biggest companies in technology, retail and consumer goods. Companies like Microsoft, IBM spirit ServiceNow are slated to report their quarterly financial … Read more

Wayfair, Meta, Apple and more

The Spotify logo on a smartphone arranged in Saint Thomas, US Virgin Islands, on Saturday, Jan. 29, 2022. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Wayfair — Shares of the furniture retailer jumped 24.1% on Monday after Wayfair received upgrades from multiple Wall Street firms, including … Read more

Top Wall Street calls on Monday include Tesla & Wayfair

Here are Monday’s biggest Wall Street calls: MKM downgrades Zoom to neutral from buy MKM said it sees growth stalling for the video-conferencing company. “Given that valuations in tech appear oversold, we are downgrading shares of ZM from Buy to Neutral and reducing our fair value PT to $75. Our previous recommendation centered on post-pandemic … Read more

Wayfair stock climbs after online retailer lays off 1,750 workers

Niraj Shah, CEO, Wayfair Ashley Espinal | CNBC Wayfair‘s stock price jumped more than 20% Friday after the retail giant said it will let go of roughly 1,750 employees, or 10% of its global workforce, to support company-wide cost reductions. The announcement marks Wayfair’s second round of job cuts in less than six months since … Read more

Analyst names ‘zombie’ stocks to avoid and favorite tech stocks

2022 has marked the end of an era of cheap money, and that’s bad news for companies with a “growth at all costs” approach, said David Trainer, CEO of investment research firm New Constructs. In the year ahead, investors will need to exercise due diligence in distinguishing between good and bad firms, he told CNBC … Read more

Top Wall Street analyst calls Nike & Tesla

Here are Wall Street’s biggest calls on Tuesday: KBW downgrades banks to market weight from overweight KBW said in its downgrade of the banking sector that it’s getting ahead of any further moves by the Federal Reserve, and that lower rates means less profitability for banks. “Positive EPS revisions most notable in early 2022 as … Read more

Three pharmaceutical stocks were top performers last week

Global stocks rose last week, tracking US stocks as Wall Street’s major indexes closed with weekly gains. The MSCI World index was up about 1% over the week, and all three US indexes also saw weekly gains, with the Nasdaq posting the largest increase. Market observers attributed the buoyancy to investors being increasingly able to … Read more

These discounted e-commerce stocks could be winners this holiday season. Here’s why

It hasn’t been easy being an online retailer this year. E-commerce stocks have sold off in 2022 as investors ditched tech and growth names, looking to de-risk their portfolios as the economic outlook grew more uncertain amid rising interest rates and high inflation. Investors had already been rotating out of names such as Wayfair and … Read more

Apple, Amazon, Costco, Alphabet, Nvidia, Disney

Here are Tuesday’s biggest calls on Wall Street: Piper Sandler reiterates Amazon as overweight Piper lowered its price target on the e-commerce giant to $119 per share from $125, but said the stock could see a “reprieve.” “First, the company has embarked on a headcount reduction. The peer signal is clear: on average, the companies … Read more

These stocks made the biggest gains last week — and analysts give 2 over 100% upside

Stock markets posted positive returns last week despite firmly remaining in a bear market more broadly. The MSCI World index rose 3.8% between Monday and Friday last week, with the S & P 500 and the Nasdaq in the US also closing up by 4.8% and 5.2%, respectively. Market strategists and investment banks have cautioned … Read more