KeyBanc analyst Brandon Nispel upgraded T-Mobile US Inc. to Overweight from Sector Weight with a $155 price target. The price target implied an upside of 23 percent. The stock alleviated most of the analyst’s concerns since his August downgrade. He sees a best-in-class 5G network, margin expansion, and material-free cash flow generation. Nispel sees a positive near-term risk/reward greater…
Stock Wars: Cloudflare vs. Datto
This week, the duel is between two cybersecurity software providers: Cloudflare Inc. and Datto Holding Corp The Case For Cloudflare This San Francisco-based company has its roots in Project Honey Pot, an open-source endeavor created in 2004 by Matthew Prince and Lee Holloway to track how spammers culled email addresses. In 2009, they were joined…
Goldman Sachs Upgraded ASML to Conviction Buy: Read Why
Goldman Sachs analyst Alexander Duval upgraded ASML Holding NV to Conviction Buy from Buy with a €930 price target (57.20 percent upside). Duval sees ASML as a “core Digital Enabler” given its monopoly position on Extreme Ultraviolet Lithography. ASML’s de-rating from 29-times price to expected 2025 earnings to 23-times despite improving orders and customer datapoints has created an…
US SEC Warns Brokers to ‘Remain Vigilant’ to Market, Counterparty Risk
WASHINGTON—In a rare public warning, the U.S. Securities and Exchange Commission on Monday told broker-dealers and other market participants to “remain vigilant to market and counterparty risk” amid heightened volatility and global uncertainties. The agency urged broker-dealers to closely monitor counterparty risk, collect “margin” or collateral from counterparties to “the fullest extent possible,” and stress…
Chart Wars: Between Moderna and Novavax, Which COVID Stock Will Soar Higher?
Moderna, Inc. and Novavax, Inc. were trading up over 10 percent and 8 percent, respectively, at one point on Wednesday, boosted by the S&P 500’s almost 2.6 percent intraday gain. The pharmaceutical stocks have been heavily beaten down over the past many months, with Moderna declining over 70 percent from its Aug. 10, 2021 all-time high…
Chart Wars: Between American and United Airlines, Which Stock Will Bounce Higher?
American Airlines Group, Inc and United Airlines Holdings, Inc plummeted 25 percent and 30 percent, respectively, between March 1 and March 7 amid geopolitical uncertainty and soaring gas prices, which will spill over to ticket prices. The stocks have mostly been trading in downtrends since March 2021, although American Airlines had one brief flight back…
Read How Analysts Reacted to Salesforce’s Q4 Results
Analysts adjusted their price targets on Salesforce.com Inc. post Q4 results. Citi analyst Tyler Radke raised the firm’s price target on Salesforce to $233 from $220 (11.5 percent upside) and kept a Neutral. The company “delivered a reassuring” Q4 and outlook, which should help alleviate concerns around the health of the front office and general IT spending. UBS analyst…
Cybersecurity Gaining Momentum on Russia–Ukraine Developments: The Stocks to Watch
Russia’s invasion of Ukraine has raised concerns about cyberattacks to a fever pitch. In the United States, banks and major corporations are reinforcing up their cybersecurity protocols in the anticipation of a greater number of hacking attempts. “With the Ukraine conflict now front and center and poised to widen, we expect a surge of cybersecurity…
Chart Wars: Between Apple and Microsoft, Which Tech Stock Offers Better Risk-Reward?
Apple Inc. and Microsoft Corporation were trading up 1.62 percent and 1.44 percent off the open, respectively, early on Monday morning but began to sink slightly by midday following reports that the negotiations between Russian and Ukrainian delegations sent to Belarus won’t immediately result in any agreement between the two countries. The SPDR S&P 500,…
S&P 500 Ends Lower as West Hits Russia With Sanctions
The S&P 500 ended lower after a volatile session on Monday, with investors wrestling with uncertainty and bank stocks dropping following powerful Western sanctions against Russia as it continued its invasion of Ukraine. Helping the Nasdaq close in positive territory after opening at a loss, electric car makers Tesla and Rivian Automotive jumped 7.5 percent…
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