Tag: recommendations
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Samsung manages to beat on earnings despite 84% drop in Q2 net profit
[ad_1] Samsung Electronics 005930, +1.29% posted above-consensus quarterly earnings despite an 84% drop in net profit for the second quarter, as the South Korean tech giant sees the memory-chip industry passing through a trough. The world’s largest manufacturer of memory chips, smartphones and televisions said Thursday that it expects global demand for technology products and…
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Nvidia estimates ‘may prove conservative’ as Microsoft, Google mentions of AI more than double
[ad_1] Microsoft Corp. and Alphabet Inc. mentioned “AI” so many times on their earnings conference calls that one bullish Nvidia Corp. analyst is beginning to think his above-consensus estimates may be too conservative. Jefferies analyst Mark Lipacis, who has a buy rating on Nvidia NVDA, -0.79%, noted that mentions of artificial intelligence on both Microsoft’s…
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Regional-bank stocks move up after PacWest deal suggests stabilization in sector
[ad_1] Regional-bank stocks rose Wednesday as hard-hit PacWest Bancorp agreed to be acquired by Banc of California in a sign that the hangover from bank failures earlier this year may be receding. “The implied take out price of $9.60 is higher than many estimated, with ‘[PacWest] resolution’ a net positive for the banking sector,” KBW…
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Disney lacks easy fixes to its numerous challenges, analyst warns
[ad_1] Walt Disney Co. Chief Executive Bob Iger is sticking around for longer in the company’s top post, and while he has ideas for changes at the company, they won’t necessarily be easy to execute. That’s the assessment of Dave Novosel, an analyst at Gimme Credit, who reiterated his underperform recommendation on Disney’s DIS, +1.53%…
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Intel is showing improvements, but AI setup remains a ‘mixed story’: analyst
[ad_1] Intel Corp.’s upcoming earnings report could reflect recent improvements made by the company, but a Susquehanna Financial Group analyst still has questions about the chip company’s artificial-intelligence narrative. Susquehanna’s Christopher Rolland is encouraged by “improving dynamics” in the client and Chromebook markets that could help Intel INTC, +0.83% deliver second-quarter earnings within the top…
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Disney faces several ‘concerning’ trends that make one analyst ‘more nervous’
[ad_1] Walt Disney Co. continues to give Macquarie analyst Tim Nollen new reasons to worry. The entertainment giant is in the midst of a cost-cutting push, but that can only help so much, according to Nollen. His list of “concerning” revenue trends is growing, and he thinks those dynamics could weigh on Disney’s DIS, +0.03%…
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Nvidia is showing shades of Apple and its stock could hit $625, says one new bull
[ad_1] Nvidia Corp. continues to rack up bullish endorsements as analysts contemplate the vast opportunities ahead for the leader in artificial-intelligence chips. Nvidia NVDA, +0.70% “is the obvious flagship AI company, whose decisions over the last two decades have positioned it for long-term benefits,” wrote Melius Research analyst Ben Reitzes, who initiated coverage of the…