Dow Futures Slide 130 Pts as Investors Await Big Tech Earnings
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RBC Capital First Take on Amazon.com (AMZN) Q3 2022 Earnings
October 27, 2022 4:46 PM EDTRBC Capital analyst Brad Erickson reiterated an Outperform rating and $175.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "AMZN reported Q3 revenue in-line with the Street ($127.1B vs. Street at $127.4BE) and EPS above (+$0.28 vs. Street at +$0.22E) but... More
Goldman Comments on Meta Platforms (META) Q3 2022 Earnings
October 26, 2022 4:38 PM EDTGoldman Sachs analyst Eric Sheridan comments "We would expect investors to have an initial negative reaction to META's Q3 22 earnings report with a mixed set of results. On the positive, FX-neutral advertising revenue growth of +3% YoY was better than feared and in the top end of the guided range. In... More
JPMorgan Summary of Meta Platforms (META) Q3 2022 Earnings
October 26, 2022 4:24 PM EDTJPMorgan analyst Jack Atherton comments "META (-11% post mkt): Q3 revenue +2% FXN vs whispers +LSD%. Reported revenue $27.7b (-4%) vs guide $26.0- 28.5b. Family DAPs 2.93b vs Q2 2.88b; Facebook DAUs 1.98b vs Q2 1.97b. EPS $1.64 vs St $1.90. On the outlook, mgmt guiding to Q4 $30.0-32.5b... More
3M (MMM) PT Lowered to $127 at Credit Suisse
October 26, 2022 12:41 PM EDTCredit Suisse analyst John Walsh lowered the price target on 3M (NYSE: MMM) to $127.00 (from $129.00) while maintaining a Neutral rating.
... MoreFord (F) Announces End to Fiesta Production
October 26, 2022 11:53 AM EDTAmerican auto maker, Ford (NYSE: F) announced on Wednesday that the company will be ending production on the Ford Fiesta. The once best-selling car in the world is being scrapped from the companys portfolio as Ford continues its push towards a fully electric lineup by 2030.
A... More
Meta Platforms' (META) Reels Could Become a Revenue Tailwind by FY24 - Jefferies
October 25, 2022 10:27 AM EDTMeta Platforms (NASDAQ: META) was maintained at Buy with its price target cut to $200 from $225 by Jefferies on Tuesday, who said Reels could become a revenue tailwind by FY24.
The firm explained that, at the moment, Reels is still a small contributor with a $1 billion annual run rate. However, Jefferies analysis indicates it can... More
