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4 Alphabet Analysts Break Down Q2 Earnings: 'Google Remains Our Top 2021 FANG'
Wednesday, July 28, 2021 - 1:04pm | 500Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) hit new all-time highs on Wednesday after the company reported second-quarter earnings and revenue beats. Alphabet reported adjusted second-quarter EPS of $27.26 on revenue of $61.88 billion. Both numbers far surpass analyst estimates of $19.34 and $56....
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Facebook's Antitrust Case: 'It Will Be Very Difficult To Break Up'
Tuesday, June 29, 2021 - 12:18pm | 456Facebook, Inc (NASDAQ: FB) shares traded higher on Monday, briefly reaching a $1 trillion market cap, after a judge dismissed two antitrust lawsuits against Facebook brought by the FTC and a coalition of U.S. states. Bank of America analyst Justin Post said the dismissals are a rare victory for big...
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Here's How Much New G7 Tax Proposals Could Hurt FANG Stocks
Monday, June 7, 2021 - 12:16pm | 510Over the weekend, finance ministers from G7 economies agreed to new global tax policies that could potentially have a major impact on big tech stocks. What Happened: G7 members Canada, France, Germany, Italy, Japan, the United Kingdom and the United States pledged to enforce a minimum global...
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Why BofA Analyst Thinks Snap User Data Is A Mixed Bag
Wednesday, June 2, 2021 - 11:39am | 305While Snap Inc’s (NYSE: SNAP) ad manager data suggests some pressure on users, the data on CPMs (cost per thousand) remains robust and DAU (daily average user) data is trending broadly in line with expectations, according to BofA Securities. The Snap Analyst: Justin Post maintained a Neutral...
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Amazon Analyst Reacts To MGM Studios Buyout Reports
Tuesday, May 25, 2021 - 12:57pm | 468Amazon.com, Inc. (NASDAQ: AMZN) shares traded slightly higher on Tuesday morning after sources reported on Monday the tech giant is nearing a deal to acquire MGM Studios. What Happened? On Monday afternoon, sources familiar with the matter reported Amazon is nearing a deal to buy MGM Studios for...
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Peloton Analysts Bullish After Earnings Beat: 'Recalls Not As Bad As Feared'
Friday, May 7, 2021 - 5:20pm | 592Peloton Interactive Inc (NASDAQ: PTON) shares rebounded by 2.6% on Friday after the company reported impressive fiscal third-quarter sales growth and assured investors it’s working quickly to resolve safety issues with its treadmills. For the fiscal third quarter, Peloton reported a 3-cent...
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Uber Analysts Bullish After Q1 Report: 'Mobility's Recovery Continues To Progress'
Thursday, May 6, 2021 - 4:32pm | 626Uber Technologies Inc (NYSE: UBER) shares traded lower by 6.8% on Thursday morning after the company reported first-quarter revenue that fell short of Wall Street expectations. For the first quarter, Uber reported an adjusted EPS loss of 6 cents, beating consensus analyst estimates of a 54-cent...
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Uber Has Analyst Bullish Ahead of Wednesday's Earnings
Tuesday, May 4, 2021 - 12:20pm | 355Uber Technologies Inc (NYSE: UBER) is set to report its first-quarter earnings on Wednesday afternoon. On Tuesday, one analyst said he is bullish on the stock but investors can expect a bumpy road to full recovery in 2021. The Analyst: Bank of America analyst Justin Post reiterated his Buy rating...
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What Wall Street Thinks Of Twitter's Disappointing Quarter
Friday, April 30, 2021 - 5:16pm | 696Analysts were left with many questions after Twitter Inc (NYSE: TWTR) reported first quarter earnings. Future concerns exist, leading to several price target cuts. The Twitter Analysts: Raymond James analyst Aaron Kessler reiterates a Market Perform rating and has no price target. Rosenblatt...
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What 5 Analysts Think Of eBay's Mixed Guidance For Q2
Friday, April 30, 2021 - 1:18pm | 764eBay Inc (NASDAQ: EBAY) shares pulled back sharply after issuing mixed guidance for the second quarter. The eBay Analysts: BofA Securities analyst Justin Post reiterated a Neutral rating on eBay shares and lowered the price target from $71 to $68. Morgan Stanley analyst Brian Nowak...
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'The One To Own In eCommerce': Wall Street Cheers Amazon Following Earnings Beat
Friday, April 30, 2021 - 12:35pm | 580Amazon.com, Inc (NASDAQ: AMZN) shares traded higher by 1.3% on Friday after the company’s first-quarter earnings numbers far exceeded expectations. For the first quarter, Amazon reported adjusted EPS of $15.79 on $108.5 billion in revenue. Both numbers beat consensus analyst estimates of $9....
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Google Analysts Bullish Following Earnings Beat: 'Well Positioned For Reopening Tailwinds'
Wednesday, April 28, 2021 - 1:20pm | 582Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares traded higher after the company reported a first-quarter earnings beat on Tuesday afternoon. For the first quarter, Alphabet reported adjusted EPS of $26.29 on $55.3 billion in revenue. Both numbers beat consensus analyst estimates of $15.82...
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Peloton's Safety Issues: What Investors Need To Know
Monday, April 19, 2021 - 12:56pm | 516Peloton Interactive Inc (NASDAQ: PTON) shares traded lower by 9.5% on Monday after one regulator called for a large-scale product recall due to safety concerns. What Happened? Over the weekend, the U.S. Consumer Product Safety Commission (CPSC) issued a warning related to Peloton’s Tread+...
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Why Snapchat Could Have A Big Quarter
Wednesday, April 14, 2021 - 2:29pm | 486Snapchat owner Snap Inc (NYSE: SNAP) shares have risen over 350% in the last year. Analysts think there could be more opportunities for the company with its growth in social commerce and younger demographic. The Snap Analysts: Wedbush analyst Ygal Arounian upgraded shares of Snap Inc. from Neutral...
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Amazon Analyst Says Vote Victory Against Unionization Alleviates Regulatory Overhang
Monday, April 12, 2021 - 12:06pm | 508Amazon.com, Inc. (NASDAQ: AMZN) shares rallied on Friday after an effort to unionize one of its warehouses in Bessemer, Alabama, was voted down. On Monday, Bank of America analyst Justin Post said Amazon workers will likely continue to push to unionize, but last week’s vote may eliminate...