Morgan Stanley analyst Keith Weiss noted that data platform solutions contributed about 12 percent of Microsoft Corp.’s total revenue in the first half of 2021, up from about 10 percent in 2017. Weiss also argued, “investors often overlook Microsoft’s leading position here.” Given Microsoft’s data platform and related businesses, the largest of which include Azure Databases, Azure…
Morgan Stanley Argues Investors Are Overlooking Leading Data Platform Solutions Position
This Day in Market History: The Panic of 1825
On Dec. 14, 1825, a stock market crash attributed to what many economists call the first modern economic crisis took place in England. Across the pond in the U.S., the S&P 500 index and the Dow Jones Industrial Average did not yet exist, and the New York Stock & Exchange Board, which would become the…
Morgan Stanley Sees Disney Suffer From Confidence Crisis; Cuts Price Target by 12%
Two analysts lowered price targets on The Walt Disney Co. but maintained the rating. Morgan Stanley analyst Benjamin Swinburne lowered the price target to $185 from $210 (23 percent upside) and kept an Overweight. Swinburne raised his expectations for streaming investment levels and reduced the earnings outlook at linear networks as costs return and at…
Evercore ISI Downgrades Dell on ‘More Muted’ Upside
Evercore ISI analyst Amit Daryanani downgraded Dell Technologies Inc. to In-Line from Outperform with an unchanged price target of $63, implying a 13.1 percent upside. Following the 60 percent appreciation year-to-date, he sees incremental upside being “more muted” amid a moderating PC market, Daryanani said. While Daryanani expects 2022 to be a year of sustained…
Why This Investor Thinks Qualcomm Should Be Trading at $210 ‘Right Now’
Qualcomm Inc. is trading slightly higher Monday after the stock was added to JPMorgan’s Analyst Focus List. What Happened JPMorgan analyst Samik Chatterjee maintained Qualcomm with an Overweight rating and $225 price target. The analyst expects easing supply and benefits of diversification to lead to both earnings upside and a rerating of the stock. Lebenthal’s…
JPMorgan Removes Dell From Analyst Focus List: All You Need to Know
JPMorgan analyst Samik Chatterjee removed Dell Technologies Inc. from the firm’s Analyst Focus List. Chatterjee removed the stock, noting Dell is past an “event-driven catalyst,” though he continues to rate shares overweight, citing its exposure to Enterprise IT spending and “superior execution.” Dell shares have gained 95 percent year-to-date and more than 55 percent since…
‘Retire’ the Word ‘Transitory’: Powell Inflation Testimony Shakes Stock Market
The SPDR S&P 500 ETF Trust traded lower by 1.8 percent on Tuesday after Federal Reserve chair Jerome Powell changed his tune on the outlook for U.S. inflation. What Happened In testimony to the Senate, Powell said he will no longer be using the term “transitory” to describe the environment of elevated U.S. inflation. “The…
NTD Business Full Broadcast (Nov. 26)
A new virus variant emerges, first detected in South Africa. Countries ban travel from the area while scientists gauge the danger. And that potential danger is spooking Wall Street. A market sell-off occurred Friday, with the Dow posting its biggest single-day drop this year. But shoppers weren’t deterred, back on the hunt for Black Friday deals.
Global Shares Mixed as Inflation Worries Set Tone Ahead of Key US Economic Data Releases
Global stocks were mixed on Nov. 24, with worries about inflation setting off fears that the Federal Reserve might move faster to raise rates, and as investors turn their focus to a bevy of U.S. economic data releases later in the day, including a key inflation gauge that the Fed relies on heavily to guide…
Alibaba Slashes Sales Outlook as Competition Bites, Demand Slows
November 19, 2021
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Chinese e-commerce giant Alibaba Group Holding Ltd. slashed its forecast for annual revenue growth on increased competition and a regulatory clampdown, sending its stock tumbling 11 percent. Alibaba now expects revenue for the year ending in March to rise between 20 and 23 percent, the slowest pace since its 2014 stock market debut and down…
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