Analyst Asad Haider assumed coverage of the pharma giant and upgraded it to buy from neutral.
AMD gets a downgrade from KeyBanc on rising China risks, competition
AMD shares have plummeted more than 30.5% this year amid the broader market sell-off and concerns about the company’s lighter fourth-quarter revenue outlook.
Tuesday’s big stock stories: What’s likely to move the market in the next trading session
President Trump’s tariffs rattled the market for a third session, with the Dow seeing an intraday swing of 2,595 points. Here’s what CNBC is watching Tuesday.
‘Big Short’ investor Steve Eisman on tariff turmoil: Don’t be a hero
Steve Eisman warns Wall Street isn’t done discounting worst-case scenarios tied to the Trump’s tariffs. But he doesn’t see another financial crisis.
Buy list: Where to find opportunity during the tariff rout, according to Mizuho
The recent market sell-off could provide an attractive entry point for some stocks, according to Mizuho.
UBS downgrades all U.S. machinery stocks such as Caterpillar to sell on tariff impact
The bottom isn’t yet in sight when it comes to the U.S. machinery industry, according to UBS.
Wall Street economists are bracing for a recession if full tariff threats take effect
The worst-case view has Trump refusing to lower barriers, a situation that brings a recession into greater likelihood.
This options strategy offers protection if the tariff sell-off continues
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Ken Fisher says Trump’s ‘stupid’ tariffs will fail and the market will rebound
‘What Trump unveiled Wednesday is stupid, wrong, arrogantly extreme, ignorant trade-wise and addressing a non-problem with misguided tools,’ Fisher wrote on X.
With market rout, now is the time to rebalance portfolios and buy stocks, says Wells Fargo
Investors may be fleeing stocks for bonds, but they should be mindful of their portfolio allocations, said Wells Fargo’s Brian Rehling.