Analysts’ Comments/Recommendations

Snowflake stock drops after sales forecast that CFO admits is ‘conservative’

Shares of Snowflake Inc. fell more than 5% in after-hours trading Wednesday, when the data-software company’s executives announced quarterly revenue that topped expectations but came up shy with their fourth-quarter sales outlook. Revenue increased to $557 million from $334 million in the third quarter, whereas analysts were modeling $540 million. Snowflake SNOW, +4.64% reported $523 …

Snowflake stock drops after sales forecast that CFO admits is ‘conservative’ Read More »

Banks are short more than $1 trillion in capital, this analyst says, who fears the shortfall will only get worse

The new year is nearly upon us, and one idea for where to invest is the banking sector, whose margins benefit from the high interest rates, at not terribly demanding valuations. That claim may surprise those who think the US banking industry has some $2.2 trillion in capital. But he whittles that figure in several …

Banks are short more than $1 trillion in capital, this analyst says, who fears the shortfall will only get worse Read More »

Bear markets come in three stages; and we’ve only just started the second, says veteran analyst.

Stocks will start the Black Friday half-session near 10-week highs, having rebounded partly on hopes the Federal Reserve will be slowing the pace of interest rate rises as it waits to see how much previous tightening has impacted the economy. Investors are thus looking ahead to when the Fed eventually pivots and borrowing costs can …

Bear markets come in three stages; and we’ve only just started the second, says veteran analyst. Read More »

DraftKings stock suffers worst day on record as ‘patience remains thin’ with gambling company’s losses

Shares of DraftKings Inc. their worst daily performance on record Friday, after the sports-betting company topped revenue expectations but appeared to spook investors with its discussion of continued losses. While DraftKings DKNG, -27.82% saw its losses narrow a bit in the latest quarter and upped revenue expectations for the full year, executives also offered a …

DraftKings stock suffers worst day on record as ‘patience remains thin’ with gambling company’s losses Read More »

Twilio’s stock tumbles as quarterly loss, outlook spook investors

Shares of Twilio Inc. tumbled 22% in extended trading Thursday after the customer-engagement technology company reported mixed fiscal third-quarter results that met Wall Street analysts’ forecasts, but a hefty quarterly loss and sales forecast seemed to spook investors. “Like many companies, we are facing some short-term headwinds, but the long-term opportunity remains strong as companies …

Twilio’s stock tumbles as quarterly loss, outlook spook investors Read More »

Qualcomm stock drops more than 7% after poor outlook, months-long chip glut

Qualcomm Inc. shares fell in the extended session Wednesday following the chip maker’s poor outlook, and estimates of about two months or more of inventory it needs to clear in its core business. Qualcomm QCOM, -4.12% shares dropped 7.6% after hours, following a 4.1% decline to close at $112.50 in the regular session. In late …

Qualcomm stock drops more than 7% after poor outlook, months-long chip glut Read More »

Qualcomm stock drops more than 5% after poor outlook, months-long chip glut

Qualcomm Inc. shares fell in the extended session Wednesday following the chip maker’s poor outlook, and estimates of about two months or more of inventory it needs to clear in its core business. Qualcomm QCOM, -4.12% shares dropped as much as 7% after hours, following a 4.1% decline to close at $112.50 in the regular …

Qualcomm stock drops more than 5% after poor outlook, months-long chip glut Read More »

SoFi stock gives back its post-earnings gains, with one analyst highlighting its ‘polarizing’ nature

SoFi Technologies Inc. is a “polarizing” stock, according to a Keefe, Bruyette & Woods analyst, and that can perhaps be seen in its recent price movement. The stock was up as much as 18.9% Tuesday after the company topped expectations with its latest results, but it pared back those gains and ended the session up …

SoFi stock gives back its post-earnings gains, with one analyst highlighting its ‘polarizing’ nature Read More »

SoFi stock rockets as earnings ‘outstanding’

Shares of SoFi Technologies Inc. were flying higher in premarket trading Tuesday after the financial-technology company posted results that were dubbed “outstanding” by one analyst. Though the company continues to be negatively impacted by the student-loan moratorium, SoFi SOFI, +7.35% exceeded expectations with its latest financials amid strength in other business areas as the company …

SoFi stock rockets as earnings ‘outstanding’ Read More »

Intel stock up 20% to best trading day since COVID-19 pandemic’s first days

Intel Corp. shares on Friday scored their best one-day rally since the start of the COVID-19 pandemic after the chip maker’s planned cost cuts and layoffs encouraged investors that have withstood shrinking margins and market share over the past several quarters. Intel INTC, +10.66% shares rallyed to finish near their highs of the day with …

Intel stock up 20% to best trading day since COVID-19 pandemic’s first days Read More »