Here are Thursday’s biggest calls on Wall Street.
UBS cuts price targets on two semiconductor giants on U.S. government China export restrictions
UBS analyst Timothy Arcuri lowered his price targets on both Nvidia and Advanced Micro Devices.
Microsoft gets a downgrade from KeyBanc on worries over lower cloud demand, AI revolution slowdown
Analyst Jackson Ader downgraded the “Magnificent Seven” titan to sector weight from overweight.
Thursday’s big stock stories: What’s likely to move the market in the next trading session
Tech stocks sold off on Wednesday, dragging the Nasdaq down 3% and bringing the S&P 500 to a 2.2% loss. Here’s what’s on CNBC’s radar going into Thursday.
Hertz shares surge more than 50% after Bill Ackman takes big stake in the rental car firm
Shares of Hertz surged 56% Wednesday after a regulatory filing revealed Pershing Square had built a 4.1% position as of the end of 2024.
Brace for more volatility with these defensive trades
Investors have fled to consumer staples in search of safety amid market volatility, but Bank of America says there are other corners worth considering.
This is an ‘early innings’ tax-free play on the artificial intelligence boom, says Nuveen
Income investors looking for a way to play the boom in artificial intelligence can look to municipal bonds connected to data centers, according to Nuveen.
A massive rally in gold miners could soon begin to slow down, according to the charts
Even the strongest breakouts can become overextended in the short term. It’s something to keep in mind as we manage risk and look for high-probability entries.
Buy these stocks that are likely to beat earnings estimates, per Piper Sandler
Medtronic and Ross Stores are among the companies that are likely to beat estimates, according to the firm.
These stocks are historically cheap after tariff-driven sell-off, Trivariate finds
For investors looking for a bargain, there is a group of stocks that are cheap relative to their respective historical trends, according to Trivariate Research.