Page 101 - Street Notes News Today

Order Reprints Text size A vaporizer of liquid hydrogen gas in Japan. Hydrogen-linked stocks have soared this year. Yoshikazu Tsuno/AFP via Getty Images J.P. Morgan analyst Paul Coster is taking some of his hydrogen investing chips off the table after an epic run for hydrogen-linked stocks. Thursday, he downgraded stock in power equipment maker FuelCell Energy (ticker: FCEL) to the equivalent of Sell from Hold, and established a $10 price target, almost 50% bel...

Order Reprints Print Article Boeing didn’t deliver any of its popular 787 wide-body jets in December. One analyst blames it on a quality problem the company is working through on its revolutionary composite skinned jet. Melius Research analyst Carter Copeland commented on the delivery goose egg in a Thursday research report after pointing out his institutional-investing clients asked him what it meant for the stock. “The primary issue is associated with ongoing structural inspect...

Order Reprints Another day, another set of recommendations for how to play the cloud. Since the start of the year, a number of analysts have weighed in with thoughts on the outlook for the cloud software sector, after the group cranked out fantastic returns in 2020. On Thursday it was Oppenheimer analyst Brian Schwartz’s turn. In a 116-page report, he laid... Close Another day, another set of recommendations for how to play the cloud. From

Chipotle Mexican Grill could benefit from growing interest in ESG investing. David Paul Morris/Bloomberg Chipotle Mexican Grill stock rose some 60% in 2020, but the burrito chain’s rally isn’t over yet, according to RBC Capital. Analyst Christopher Carril boosted his rating on Chipotle Mexican Grill (ticker: CMG) to Outperform from Market Perform, and lifted his price target to $1,650 from $1,320. He argues that the stock has legs because the company continues to expand ...

Dreamstime Investors have been betting big on shares that can benefit from fiscal stimulus, such as consumer discretionary stocks. But the government isn’t the only one doing a lot of spending—many companies are poised to spend the piles of cash they built during the pandemic. As the pandemic swept the globe, S&P 500 companies raised more than $2.5 trillion in 2020 through debt and equity issuances, the highest amount in two decades. Meanwhile, share buybacks and capita...

Order Reprints Print Article Oil and gas companies could face more stringent regulations under Democratic control of the White House and Congress. But analysts remain confident about their prospects, as political shifts often result in surprising changes. In fact, President-elect Joe Biden’s victory has coincided with a runup in prices even though he is considered to be less of a friend to the industry than a Republican administration would have been. Truist... Close Apache, Devon ...

Chip Somodevilla/Getty Images General Motors stock is performing like an electric vehicle stock, with shares rallying after a Thursday upgrade. Argus Research analyst William Selesky thinks the company’s push into EVs will work. He upgraded General Motors (ticker: GM) stock to Buy from Hold and set a target price at $56 a share. Selesky didn’t have a target price on GM stock before the upgrade. Business is going much better for GM these days, he wrote, as its balance sh...

Order Reprints Print Article Penn National, with a host of regional casinos, isn’t as beholden to Las Vegas as other gambling companies are. Here, Penn National’s Tropicana Las Vegas property late last year. Ethan Miller/Getty Images Text size Penn National Gaming’s stock has been on a tear as the company’s regional properties held up well during the pandemic. One analyst thinks it’s now time to bail out. Penn National Gaming (ticker: PENN) operate...

Order Reprints Text size An employee pulling a crucible of molten glass from a furnace at the Corning Inc. Sullivan Park Science & Technology Center in Corning, N.Y. Victor J. Blue/Bloomberg Corning shares were trading higher Thursday after Barclays analyst Tim Long raised his rating on the specialty glass maker to Overweight from Equal Weight. The upgrade was part of a broader review of the 2021 outlook for computer hardware stocks. Long also upgraded Juniper N...

Order Reprints Print Article Payments company Affirm Holdings gave investors a post-IPO pop on Wednesday. It also provided more insight into another hot stock: Peloton Interactive. The two companies have a symbiotic relationship, according to MKM Partners analyst Rohit Kulkarni. Consumers often use Affirm’s (ticker: AFRM) no-interest payment plans to pay for Peloton (PTON) equipment, such as its $1,895 base bike, he notes. Kulkarni... Close Payments company Affirm Holdings gave inve...