Credit Suisse Slashed Snap’s Price Target By 23.4%, Still Reiterated Outperform – Read Why

  • Benzinga

    Here’s Why JPMorgan Sees Meta As Broadcom’s Next Billion-Dollar Customer

    Facebook parent Meta Platforms Inc (NASDAQ: FB) looks to use Broadcom Inc’s (NASDAQ: AVGO) custom chips to build its metaverse hardware, becoming the chipmaker’s next billion-dollar ASIC customer, J.P. Morgan analysts said. The analysts saw application-specific integrated circuit chips drive approximately $2 billion to $2.5 billion in revenue for Broadcom in 2022, aided by its deals with Meta and partnerships with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and Microsoft Corp (NASDAQ: MSFT). Ana

  • Motley Fool

    Snap Stock: Bear vs. Bull

    Snap’s (NYSE: SNAP) stock recently dropped below its IPO price of $17 after it unexpectedly cut its second-quarter guidance on May 24. In its first-quarter earnings report on April 21, Snap had predicted its revenue would rise 20% to 25% year-over-year in the second quarter, and that its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) would decline 57% to 100%. Snap blamed that downward revision on the “macroeconomic environment,” which “deteriorated further and faster than anticipated.”

  • Motley Fool

    Why Amazon Is Surging Higher Today

    Shares of Amazon (NASDAQ: AMZN) were up more than 2% in early trading Tuesday, defying the Nasdaq Composite index, which opened in negative territory and is down nearly 80 basis points as of this writing. Sure, Amazon has been beaten down along with many other high-growth tech stocks that trade at high multiples of near-term earnings. Last week, Amazon shareholders officially approved the company’s 20-for-1 stock split, which was first announced back in early March.

  • Motley Fool

    Why Gold Fields Stock Sank Today and Yamana Gold Rose

    Shares of precious metals miner Gold Fields (NYSE: GFI) fell as much as 23% at the open of trading on May 31. Meanwhile, Yamana Gold (NYSE: AUY) rose around 12%. The basics of the acquisition are that Gold Fields will buy Yamana in an all-stock deal.

  • Motley Fool

    Why Lithium Americas Stock Crashed Today

    Despite being not yet operational, and having no revenue to its name (much less profits), Lithium Americas stock has had a terrific run as investors bid up lithium assets in anticipation of booming demand for the metal, which is used to make the batteries that power electric vehicles. With lithium currently priced at $60,000 a ton, Goldman sees that slipping 10% to $54,000 later this year — a pothole that precedes a bigger fall off a cliff. By next year, the banker believes, lithium prices will average just $16,000, a staggering 73% decline from present-day prices.

  • Motley Fool

    Why MicroStrategy Stock Spiked Today

    Shares of MicroStrategy (NASDAQ: MSTR), a cloud-based analytics company, were flying high today on no company-specific news. Investors were instead likely reacting to the rising price of Bitcoin as the value of the cryptocurrency is on the rise. MicroStrategy holds well over 100,000 Bitcoin tokens, so its shareholders react strongly to the price of the cryptocurrency.

  • TipRanks

    Billionaire Ken Griffin Loads Up on These 3 ‘Strong Buy’ Stocks

    What to make of the markets right now? Stocks finished the last full week of May with gains. The S&P 500 pulled back from the bear-market territory by gaining 6% for the week and moderating its year-to-date loss to 13%. The NASDAQ remains low, at a 23% year-to-date loss. It’s all a reminder that while markets are falling this year, the true key to understanding them is volatility. It’s natural at times like this to turn to the financial experts – traders who’ve risen to prominence through long-t

  • Insider Monkey

    Should You Now Consider Disposing Your PayPal (PYPL) Shares Before it Becomes Too Late?

    Aristotle Capital Management, an independent/employee-owned investment management organization, published its “Aristotle Core Equity” first quarter 2022 investor letter – a copy of which can be downloaded here. For the first quarter of 2022, Aristotle Atlantic’s Core Equity Composite posted a total return of -6.79% gross of fees (-6.89% net of fees), underperforming the S&P 500 […]

  • Motley Fool

    Nasdaq Fights to Stay Green as These 2 Stocks Soar

    Last week was a good respite for investors, with the stock market showing signs of life for the first time in a while. Big gains for the Nasdaq Composite (NASDAQINDEX: ^IXIC) helped erase a small part of the index’s losses for 2022. One has tried to recover from a steep downturn over the past 12 months, while the other is bouncing along with the cryptocurrency market.

  • Motley Fool

    Why GameStop Stock Is Tumbling Today

    Shares of GameStop (NYSE: GME) were tumbling almost 9.6% in morning trading Tuesday after a pre-holiday week that saw its shares gain nearly 50%. GameStop is still a heavily shorted stock with about a quarter of its shares sold short, so it’s likely that a lot of short-sellers were covering their positions last week, helping to lift the retailer’s stock. Last week, I warned that GameStop shares will likely follow a similar pattern this time, too, and it could be we’re in the first days of that occurring.

  • Motley Fool

    Why Nio Stock Accelerated Today

    Shares of the Chinese electric vehicle (EV) maker Nio (NYSE: NIO) hit the gas today as investors processed the news that China is implementing a tax cut for new car purchases and that the government will offer a cash subsidy for people who buy a battery-powered car. Additionally, a positive analyst’s note about the company could be boosting investor sentiment. China’s economy has been hurt by the country’s strict “zero-COVID” policy, which has caused many cities and factories to shut down.

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