A more than 30% decline in Generac Holdings Inc. (NYSE: GNRC) since late January is an opportunity to load up on a quality name at a deep discount, says Citi analyst Vikram Bagri.Bagri raised his rating on the power generator company this morning to “buy”. His $138 price target indicates…
Asian financial markets presented a fragmented picture on Wednesday as investors digested a mixed bag of crucial regional economic data while looking ahead to the Bank of Japan’s upcoming monetary policy decision. Gains in Japan and Australia contrasted with declines in South Korea and mainland China, reflecting divergent economic signals…
Questions surrounding Elon Musk’s long-term role at the helm of Tesla intensified Wednesday following a report that the company’s board of directors recently initiated steps to identify potential successors to the high-profile CEO. The exploration, according to the Wall Street Journal, was reportedly prompted by board members’ concerns over Musk’s…
G Squared’s chief investment officer Victoria Greene says investing in Super Micro Computer Inc (NASDAQ: SMCI) on the post-earnings decline is like “catching a falling knife.”Earlier this week, the AI server company reported 30 cents a share of earnings for its fiscal third quarter, sharply below expectations of 54 cents.SMCI’s…
In a sharply critical ruling with potentially far-reaching consequences, a federal judge has found Apple Inc. in violation of a previous court order aimed at opening up its App Store to alternative payment methods. The judge mandated that Apple cease charging commissions on purchases made outside its proprietary system and…
Qualcomm Inc’s (NASDAQ: QCOM) commitment to diversify its revenue beyond smartphone demand will help unlock significant upside in its stock price moving forward, says Samik Chatterjee, a senior JPM analyst.Qualcomm reported better-than-expected earnings for its fiscal second quarter last night but issued cautious guidance for the future.Still, Chatterjee continues to…
London’s FTSE 100 index is expected to open higher on Thursday, looking to extend an impressive winning streak, while most other major European stock exchanges remain closed for the May 1 public holiday. Trading activity across the region will consequently be subdued, placing the UK market firmly in the spotlight.Despite…
Starbucks Corp (NASDAQ: SBUX) Q2 financials are not at all indicative of how the company’s “Back to Starbucks” strategy has been proceeding in recent months, says Brian Niccol, the chief executive of SBUX.In a post-earnings interview with CNBC, the industry mogul said Starbucks is finding tremendous success with its ongoing…
Investor sentiment towards most Asian currencies has turned increasingly positive, with market participants ramping up bullish positions as the US dollar continues to grapple with pressure stemming from uncertainty surrounding President Donald Trump’s trade policies, a Reuters poll revealed Thursday.The fortnightly survey, encompassing the views of 10 analysts and fund…
Robinhood Markets Inc (NASDAQ: HOOD) is destined to go higher from here since there wasn’t “anything not to like” in its Q1 earnings release, says Dan Dolev, a senior Mizuho analyst.HOOD ended its first quarter with 14.4 million monthly active users, which was actually down from 14.9 million at the…