-
IBM Stock Is Falling After Q4 Earnings: Why These Analysts Are Holding Their Breath On The 'Show-Me Story' Name
Thursday, January 26, 2023 - 3:34pm | 775Several analysts were out with new notes on IBM (NYSE: IBM) following the company's fourth-quarter results, which sparked a 5% slide in shares. Here's a quick rundown of the report and why analysts were pointing to a "loaded" second half of the year...
-
Tesla Rallies Off Q4 Earnings: This Item 'Was All Bulls Needed To Hear,' Analyst Says
Thursday, January 26, 2023 - 12:20pm | 802Electric vehicle giant Tesla Inc (NASDAQ: TSLA) beat analyst estimates for both revenue and earnings per share in the fourth quarter. Here's what the Street has to say Thursday about the quarterly print. The Tesla Analysts: Bernstein analyst Toni Sacconaghi has an Underperform rating...
-
Tesla's Aggressive Price Discounting May Have Hurt Gross Margins By This Much In Q4
Wednesday, January 4, 2023 - 7:17am | 539Tesla Inc. (NASDAQ: TSLA) shares started the year on the back foot, as light fourth-quarter deliveries spooked investors. What Happened: The bad news, however, may not all be in the rearview as the electric vehicle maker’s recently-announced price cuts across regions are expected to hurt...
-
Apple Reclaims Smartphone Leadership In China In Q4: What Went Into iPhone's Success?
Thursday, March 17, 2022 - 12:15pm | 353After a six-year hiatus, Apple, Inc. (NASDAQ: AAPL) reclaimed the smartphone leadership position in China in the fourth quarter of 2021. An analyst at Bernstein delved into the reasons for Apple's turnaround. Huawei's Loss Is Apple's Gain: Apple has been bleeding smartphone market...
-
Bernstein Upgrades Dell Technologies On Earnings Potential: What's Next?
Monday, January 10, 2022 - 12:42pm | 254Dell Technologies Inc (NYSE: DELL) seems poised for sustainable revenue growth of 2% to 4% and earnings growth of mid-to-high single digits, both of which are higher than Hewlett Packard Enterprise Co (NYSE: HPE) and HP Inc (NYSE: HPQ), which trade similar multiples, according to Bernstein....
-
Google Pays Apple Billion Of Dollars To Keep Cupertino Out Of Search Business: Lawsuit Alleges
Wednesday, January 5, 2022 - 4:36pm | 558Alphabet, Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) edged out its bigger tech peer Apple, Inc. (NASDAQ: AAPL) to take the honors as the biggest gainer among the FAANGs in 2021. A lawsuit filed in late December alleges that there is an unholy nexus between the two companies. What Happened: A class...
-
Why The iPhone Buyer Upgrade Cycle Is Important To Apple's Near-Term Success
Wednesday, September 15, 2021 - 9:44am | 346Apple Inc. (NASDAQ: AAPL) unveiled new iPhones, iPads and a new watch at its "California Streaming" event on Tuesday. The iPhone is Apple's most important product and the refresh was more evolutionary than revolutionary, Berstein analyst Toni Sacconaghi said Wednesday...
-
Apple Gets This 'Massive Sum' From Google To Be The Default Search Engine On iOS
Wednesday, August 25, 2021 - 9:45am | 411Apple Inc. (NASDAQ: AAPL) has a less-discussed revenue source that is fetching it multi-billion dollars in revenues annually. Apple's Lucrative Google Partnership: Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) is on track to pay about $15 billion to Apple, according to Bernstein analyst Toni...
-
Where Are Tesla's Profits Coming From? (Hint: It's Not Cars)
Tuesday, April 27, 2021 - 10:49am | 392Tesla, Inc. (NASDAQ: TSLA) shares were trading lower Tuesday despite the electric vehicle manufacturer reporting better-than-expected results for its fiscal year 2021 first quarter. The tepid investor reaction to the earnings report may have to do with the fact that the company's...
-
Could IBM Stock Have A Turnaround? Bernstein Analyst Thinks So
Tuesday, April 20, 2021 - 12:03pm | 261The risk/reward is beginning to look more favorable for IBM (NYSE: IBM), Bernstein analyst Toni Sacconaghi said Tuesday on CNBC's "Squawk On The Street." Sacconaghi said he had been "more on the cautious side" about IBM in the past because the company failed...
-
Why This Apple Analyst Says Fiscal 2021 Will Be 'Big Year' For iPhones
Wednesday, August 5, 2020 - 2:00pm | 421Apple Inc. (NASDAQ: AAPL) reported stellar third-quarter results that propelled the stock to a record high. An analyst at Bernstein says further gains are in the offing for Cupertino. The Apple Analyst: Toni Sacconaghi maintained a Market Perform rating on Apple with a $400 price...
-
Why Tesla's 'Mindboggling' Valuation Is Difficult To Sustain Even Under Most Bullish Scenario
Tuesday, July 28, 2020 - 12:20pm | 346Notwithstanding Tesla Inc's (NASDAQ: TSLA) recent strong fundamental performance, Wall Street analysts have invariably raised concerns regarding its meteoric valuation. The Tesla Analyst: Bernstein's Toni Sacconaghi downgraded Tesla from Market Perform to Underperform and maintained the...
-
Tesla's Model Y Is Out For Delivery
Monday, March 16, 2020 - 3:25pm | 401Tesla Inc (NASDAQ: TSLA) has begun the much-awaited deliveries of its new Model Y electric crossover. Several buyers posted on Twitter, Facebook and elsewhere late last week that Tesla notified them their Model Y was out for delivery. The deliveries hadn't been expected to be headed to buyers...
-
Mixed Reactions To Tesla's Cybertruck: Is Futuristic Design A Sales Driver Or Just Weird?
Friday, November 22, 2019 - 12:45pm | 751If it's not polarizing, it's probably not coming from Elon Musk and Tesla Inc. (NASDAQ: TSLA). Tesla watchers once again can't agree, this time on Tesla's new "Cybertruck," unveiled to much fanfare on Thursday night. "Blade Runner Design Eye Popping," said one...
-
Analysts Debate IBM: One-Time Fluke Or Sustainable Recovery?
Wednesday, January 23, 2019 - 12:46pm | 567Tech giant IBM (NYSE: IBM) reported a fourth-quarter earnings beat and encouraging guidance for the full year 2019. With the stock still down 25 percent from a year ago, the Street isn't fully convinced "Big Blue" is at the beginning of a sustainable long-term turnaround. The...