Wedbush Securities

Toll 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...

The 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...

Palantir 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’...

Investors 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...

A 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....

As 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...

Analysts 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....

Significant 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...

Wedbush 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...

Despite 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...

Shares 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 "...

Wednesday’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...

Wedbush 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...

The 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...

This 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...