Tigress Financial analyst Ivan Feinseth raised the price target on Verizon Communications Inc. to $68 from $67 and reiterated a Buy rating on the shares. The price target implies an upside of 27 percent. The analyst believes accelerating momentum in wireless and broadband will drive further share price gains for the company. Verizon continues to benefit from the ongoing…
Credit Suisse Cuts Cloudflare Price Target by 32 Percent
Credit Suisse analyst Phil Winslow upgraded Cloudflare Inc. to Outperform from Neutral with a price target of $140, down from $205, implying an upside of 49 percent. Winslow sees Cloudflare sustain significant revenue growth, within the high 40 percent to +50 percent range, for multiple years. Winslow’s expectations grew from differentiated serverless architecture, efficient and rapidly expanding global…
Bears Grab Ahold of Amazon Stock as Market Falls Into Turmoil: What’s Next?
Amazon.com Inc. gapped down under a key psychological upper level at the $3,000 mark on Friday morning and then slid about 3 percent lower before bouncing temporarily and dropping toward the low-of-day again. The tech giant has plummeted almost 10 percent this week and is down more than 21 percent off its all-time high of $3,773.08….
2 Blue-Chip Stocks Consolidate in a Key Pattern: What Will the Break Bring for Apple and Disney?
Apple Inc. and Walt Disney Co. have developed inside bar patterns on the daily chart. An inside bar pattern indicates a period of consolidation and is usually followed by a continuation move in the direction of the current trend. An inside bar pattern has more validity on longer time frames, such as a four-hour chart. The…
Stock Losses Mount as Investors Eye Earnings, Inflation
A late-afternoon sell-off wiped out gains for stocks on Wall Street Thursday and sent major indexes deeper into losing territory for the year. The sharp about-face for the broader market was once again directed by technology stocks, which have been behind choppy trading throughout the week. As investors prepare for higher interest rates, shares in…
Turning Scraps Into Liquid Gold
My approach to cooking with vegetables radically changed about two years ago, during the first lockdown of the pandemic in Italy. At that time, I was three months pregnant, living next door to my parents and grandmother in the open countryside, with a job that I could already do from home. Except for not seeing…
Here’s Why Blue Apron Is Trading Higher Today
Andrew Left’s Citron Research issued a lengthy research report on Blue Apron Holdings Inc. with a $40 price target. The price target implies a 443 percent upside to the January 19 closing price of $7.36. “There are hundreds of meal kit reviews online, and Blue Apron is always at the top of the list on food quality, price, and ease…
Chart Wars: Between General Electric and 3M, Which Stock Will Soar Higher?
General Electric Company and 3M Company may be settling into bullish long-term patterns on the weekly chart. General Electric may be in the process of printing a bull flag, while 3M could be setting up the right shoulder of a bullish head-and-shoulder pattern. If the formations are recognized, both stocks could be in for a…
Ford Analyst Downgrades Stock: ‘Limited Scope for Positive Surprises’
Ford Motor Company shares have had a nice run-up since hitting a double-bottom in early September. Wary of the pricier valuation, an analyst at Jefferies chose to move to the sidelines. The Ford Analyst Philippe Houchois downgraded Ford from Buy to Hold and increased the price target from $20 to $25. This comes on the heels of…
Chart Wars: Will Digital World or Phunware Moon as Trump Prepares Return to Social Media?
Digital World Acquisition Corp. and Phunware Inc. both skyrocketed into popularity in late October 2021 when it was announced Digital World, a SPAC, would merge with Trump Media and Technology Group. Phunware, which had partnered with Trump during his 2020 reelection campaign soared higher both due to its connection to Trump and because Bitcoin, which Phunware…
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