Page 104 - Street Notes News Today

Order Reprints Text size People walking outside a Walmart a store in Washington, D.C. Nicholas Kamm/AFP via Getty Images Walmart stock is rising following the news that the retail giant is pushing into fintech with its latest partnership, the latest in a string of moves diversifying away from its core business. Walmart (ticker: WMT) announced on Monday that it would create a fintech start-up with Ribbit Capital, a backer of Robinhood and Credit Karma. The new com...

Citigroup’s Paul Lejuez raised his rating on Signet to Neutral from Sell, and more than doubled his price target, to $40 from $17.

Value’s outperformance can continue for now, argued the Citigroup strategists in a Tuesday note. They expect investors to continue rotating out of growth stocks and into value stocks. In the near term, “growth remains the most crowded factor,” they wrote, so “the rotation around growth versus value continues.” They also noted that there are plenty of value stocks among the ranks of the crowded and less-crowded investments. The Citi analysts created a score for each stock to reflect h...

Order Reprints Print Article Apple has a penchant for disruption. It completely reinvented the way we think about computers, smartphones, and personal tech devices—and how they all interact with one another. If the company’s past achievements are any indicator, an Apple car would momentous for the auto industry. While an all-electric, autonomous iCar might be a long way down the road, its impact on the auto industry could be felt sooner than investors might expect. That is why J.P...

Rosenblatt Securities analyst Mark Zgutowicz says 2021 ad sales could come in at $3.28 billion, well below the consensus estimate of $3.83 billion.

Analysts say cyber-security stocks’ gains can continue. Dreamstime Security stocks had a huge run in 2020, with an extra boost from the end-of-the-year revelation of the “Sunburst” hack attack on software company SolarWinds that left almost 18,000 of their customers vulnerable. Analysts see further gains ahead in 2021, as the attack drives some companies to prioritize spending on detection, preventing and addressing cyber-security issues. Wall Street has been ratcheting up ...

Nopparat Khokthong/Dreamstime.com IAC/InterActiveCorp shares were trading higher Tuesday after the internet holding company announced a strong financial update, and Wall Street responded with positive commentary on the stock. IAC (ticker: IAC) has been issuing monthly financial updates on all of its business lines, and the December update included positive signs from several of its businesses. Most important, the company said that revenue at Vimeo, a provider of cloud-based ...

The Federal Reserve building Olivier Douliery/AFP via Getty Images Bank investors might have thought they had reasons to fear a Democrat-controlled government. The prospect of higher taxes and increased regulation implies weaker earnings for the sector. But historical data collected over nearly 70 years suggests that bank investors not need to worry much about a Biden administration and Democrat-controlled Congress. Since the Nov. 3 election, bank stocks, as measured by the KBW Ba...

Intel’s rivals may get a boost if it decides to outsource some of its manufacturing to Taiwan Semiconductor, said Citigroup. But that isn’t a guarantee.

Order Reprints Print Article NIO Day 2021 was a success, at least according to Asia’s equivalent of Wall Street. The Chinese electric vehicle maker hosted its annual consumer event on Saturday, launching a new luxury sedan and talking about other battery and software improvements. Now analysts, mainly based in China and Hong Kong, are raising their price targets.NIO stock (ticker: NIO) closed up about 6.4% Monday to just under $63 a share. Shares are up roughly 1,700% over the past...