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Demand For High-End Homes 'Will Remain Solid' Into Next Year, Says Toll Brothers CEO
Wednesday, August 21, 2024 - 4:11pm | 634Toll Brothers, Inc. (NYSE:TOL) CEO Douglas Yearley is expecting the demand for luxury homes to remain robust into 2025 after his high-end construction company posted solid third-quarter results on Tuesday. “With mortgage rates at their lowest point in a year and trending lower, favorable...
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Nvidia's Earnings Set For 'Drop The Mic' Moment As Investors Anticipate 'Massive' AI Demand Forecast From CEO Jensen Huang, Says Tech Bull
Sunday, August 11, 2024 - 9:46pm | 776The upcoming earnings report from NVIDIA Corp. (NASDAQ:NVDA) could be a pivotal moment for the company, according to a prominent analyst. What Happened: Dan Ives, an analyst at Wedbush Securities, predicts that the earnings report, scheduled for Aug. 28, will be a significant event for the tech...
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Palantir's 'Game Changer Quarter' Proves AI Monetization On Global Demand, Says Tech Bull: 'Use Cases Are Exploding' For Messi Of AI
Tuesday, August 6, 2024 - 3:58am | 595Palantir Technologies Inc. (NYSE:PLTR) had a “game changer” quarter, according to Wedbush Securities analyst Dan Ives, who said that the AI revolution has officially started, making Palantir a top player in the field. What Happened: Ives took X to express his thoughts on Palantir’...
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Tech Sell-Off Is 'Just A White Knuckle Moment,' Analyst Says On Heels Of Jobs Report
Friday, August 2, 2024 - 4:09pm | 634Investors should still have faith in the booming tech sector’s bull run, despite how Friday’s disappointing jobs report for July prompted a major sell-off. That’s according to a note that Wedbush Securities analyst Dan Ives published Friday, contradicting investors’ fears...
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Biden Rule On Semiconductor Exports To China Is 'Huge Positive' For Chip Sector, Supply Chain: Dan Ives
Wednesday, July 31, 2024 - 2:22pm | 566A new Biden administration rule that will expand U.S. powers on stopping exports of semiconductor manufacturing equipment from some foreign countries to China will serve as a boon to the industry, according to a prominent tech analyst. A current Foreign Direct Product rule already gives the U.S....
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Record High Home Prices, Falling Sales: What Does It All Mean?
Monday, July 29, 2024 - 12:55pm | 482As summer unfolds, the U.S. housing market has recently hit some considerable milestones that demand attention, according to data released recently by the National Association of Realtors (NAR). In June 2024, existing home sales took a sharp dip of 5.4%, the most substantial drop since November...
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Amazon 'Relatively Insulated' In Retail Segment, Analysts Bullish About Growth In AWS: AI Contribution To Watch Out For
Friday, July 26, 2024 - 5:06am | 749Analysts at Wedbush Securities have sounded an optimistic note about Amazon.com Inc.’s (NASDAQ:AMZN) prospects, thanks to its performance in the retail segment. They are also bullish on Amazon’s rising operating margins, growth of the Amazon Web Services business, and AI monetization....
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Finally, Tax Refunds! These Cannabis Companies Will Get The Most Money Back If Rescheduling Happens
Thursday, May 16, 2024 - 5:43pm | 1014Significant tax benefits are anticipated for the cannabis industry, following President Joe Biden's confirmation of the administration's intent to reschedule cannabis from Schedule I to Schedule III. This move could alleviate the burdens of IRS tax code 280e, which has prevented cannabis...
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Largest Cannabis Co. Curaleaf's $1.5B Projected Revenue For 2025: Analyst Raises Rating To Outperform
Tuesday, May 14, 2024 - 5:32pm | 621Wedbush Securities released a report on Curaleaf Holdings, Inc. (OTC: CURLF), the largest U.S. cannabis company by market cap, raising the stock's 12-month price target to $7.00 from $6.00 and maintaining a buy recommendation (Outperform rating). Key Financials And Rating Curaleaf's market...
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Wall Street Experts Dismiss Rate Cut Fears, Middle East Tensions, Predict Bull Market's Continuation
Wednesday, April 17, 2024 - 1:03am | 878Despite recent concerns, Wall Street veterans are confident that the bull market will persist, citing a robust U.S. economy and the potential of artificial intelligence (AI) as key drivers. What Happened: The U.S. stock market has experienced a recent downturn due to escalating tensions in the...
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3 Analysts Weigh In On Court Ruling Favoring Microsoft's Activision Blizzard Deal: 'A Major Black Eye For The FTC'
Wednesday, July 12, 2023 - 4:13pm | 765Shares of Activision Blizzard Inc (NASDAQ: ATVI) rallied by 10% on Tuesday (before dropping 1% on Wednesday), after Federal Judge Jacqueline Scott Corley ruled in favor of Microsoft Corporation's (NASDAQ: MSFT) acquisition of the video game publisher behind the mega-popular "...
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Fed's Hawk-Dove Divide Widens Amid Rate Hike Expectations
Wednesday, July 5, 2023 - 5:21pm | 436Wednesday’s release of the FOMC June 14 meeting minutes showed a clear agreement for continued interest rate hikes next year. The consensus echoes Fed Chair Jerome Powell's stance, who has been pushing for two additional increases in 2023. Despite the strength of the economy and the tightened...
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Booking And Uber Top Online Travel And Mobility Stocks, Says Analyst: Will There Be Turbulence This Summer?
Tuesday, June 6, 2023 - 12:03pm | 507Wedbush Securities on Tuesday initiated coverage on multiple stocks in the Online Travel and Mobility sector, signaling potential upside for all of them, with Booking Holdings Inc (NASDAQ:BKNG) being assigned to the Wedbush Best Ideas List. The Wedbush Analyst: Scott Devitt initiated coverage on...
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Rising Star: Wayfair's Impressive Revenue Trends Catch Top Analysts' Attention
Monday, January 23, 2023 - 12:03pm | 424The home furnishings industry is seeing a shining star rise from the pandemic, as Wayfair Inc. (NYSE: W) sets its sights on achieving breakeven or better EBITDA for the first time since 2020. The online retailer's impressive revenue trends have caught the attention of top analysts, with a bevy...
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Wedbush Analysts On Cannabis Challenges & Opportunities In 2023: Where Do We Go From Here?
Wednesday, January 11, 2023 - 12:29pm | 857This week's Institute of Cannabis Research Conference at the Grande Lakes Hotel & Resort in Orlando, Florida was attended by cannabis executives and analysts. One of the hot topics was the Secure and Fair Enforcement (SAFE) Banking Act, which was excluded from a...