Reported 6 days ago
Argus has initiated coverage of DexCom, Inc. (NASDAQ:DXCM) with a Buy rating and a price target of $100. The firm expects DexCom to maintain strong growth above the industry average, increase profitability through cost leverage, and expand its customer base in the continuous glucose monitoring market for diabetes management. DexCom's robust free cash flow enables significant R&D investments for product innovation. The current share price is seen as an attractive entry point for investors.
Source: YAHOO
Reported 6 days ago
Wells Fargo analyst Michael Berg has maintained a Hold rating on monday.com Ltd. (NASDAQ:MNDY) without setting a price target, following the company's impressive fiscal Q2 2025 results, which showed a 27% revenue increase year-over-year to $299 million. The firm reported a record number of new customers and significant growth in its CRM segment. However, Wells Fargo suggests that while MNDY is a viable investment, other AI stocks may present better upside potential with reduced risks.
Source: YAHOO
Reported 6 days ago
Merck & Co. (MRK) has announced the dosing of the first patient in its HERTHENA-Breast04 phase 3 trial, which aims to assess the efficacy and safety of patritumab deruxtecan in treating patients with advanced hormone receptor-positive, HER2-negative breast cancer. This drug, developed in collaboration with Daiichi Sankyo, targets specific cancer treatments following previous therapies.
Source: YAHOO
Reported 6 days ago
Source: WSJ
Reported 6 days ago
Source: WSJ
Reported 6 days ago
In the lead-up to Labor Day, the national Outbound Tender Volume Index (OTVI) for truckload demand saw a significant increase of 6.5%, marking a notable surge compared to previous years. This rise is attributed to the market recovering from a low in August and suggests that shippers might be facing leaner inventory levels than planned. Despite challenges from intermodal competition, the demand for long-haul trucking has risen unexpectedly early this year, prompting potential shifts in capacity and rates. While this increase does not signal a complete market recovery, it highlights the precarious nature of supply and demand dynamics as we approach the peak season.
Source: YAHOO
Reported 6 days ago
CoreWeave, Inc. (NASDAQ:CRWV), recognized as a leading AI stock, has been assigned an Overweight rating by Cantor Fitzgerald analyst Thomas Blakey, along with a price target of $116. The firm expresses optimism about CoreWeave's potential, citing its position to capitalize on the expanding AI market, particularly in large language model training and usage. Despite the positive outlook, the report advises caution, indicating that other AI stocks might offer greater long-term benefits with lower risks.
Source: YAHOO
Reported 6 days ago
Wells Fargo has reaffirmed its 'Overweight' rating on CrowdStrike Holdings, Inc. (NASDAQ:CRWD), highlighting the company's strong performance in its latest quarterly results and optimistic guidance for the second half of 2026. Key drivers of growth include a successful Falcon Flex program and strategic acquisitions. Despite recognizing CRWD's potential, Wells Fargo notes that some other AI stocks may offer greater upside with less risk.
Source: YAHOO
Reported 6 days ago
Raymond James has upgraded Snowflake Inc.'s price target to $230 after the company exceeded revenue expectations for fiscal year 2026, reporting $1.14 billion in revenue and adjusted EPS of $0.38. The company raised its full-year product revenue guidance to $4.395 billion, indicating a 27% year-over-year growth. CEO Sridhar Ramaswamy emphasized Snowflake's leading position in AI data platforms, stating it is the best in the sector. Following these positive announcements, shares rose approximately 10% in after-hours trading.
Source: YAHOO
Reported 6 days ago
Cantor Fitzgerald analyst Matthew VanVliet has reiterated an Overweight rating for Salesforce (CRM) with a price target of $325 ahead of the upcoming earnings report on September 3rd. The firm anticipates growth in areas such as Data Cloud and Agentforce, while noting expected challenges in Marketing and Commerce Cloud sectors. Recent discussions indicate a potential expansion of AI-powered Agentforce projects, with 40% of customers likely to increase their deployment in the next year.
Source: YAHOO
Reported 6 days ago
Broadcom Inc. (NASDAQ:AVGO) has been recognized as the 'no. 2 AI franchise' after Nvidia, according to Oppenheimer analysts who reaffirmed a positive outlook for the stock ahead of earnings on September 4. They highlighted Broadcom's leadership in the AI ASIC market and noted its continued growth fueled by AI compute and networking sectors, with significant projects led by major companies like Google, Meta, and ByteDance USA. Analysts raised the price target to $325, emphasizing Broadcom's potential for sustainable growth.
Source: YAHOO
Reported 6 days ago
Nvidia Corporation (NASDAQ: NVDA) remains a prominent player in the AI sector, with William Blair analyst Sebastien Naji reaffirming an Outperform rating despite ongoing uncertainties around China export licenses. The company's recent earnings report indicated modest improvements, driven by its Blackwell Ultra product, which generated over $10 billion in revenue. Analysts expect Nvidia to maintain its AI leadership and robust growth potential into fiscal 2026, despite the stock's minor decline in after-hours trading.
Source: YAHOO
Reported 6 days ago
Serve Robotics Inc. (NASDAQ:SERV) has received an Outperform rating from Wedbush analyst Daniel Ives, with a price target of $15.00, due to its potential in the growing AI-driven last mile delivery sector. The company is recognized for its innovative autonomous delivery platform that provides efficient, contactless services. Plans to expand its fleet to 2,000 robots by the end of 2025 and establish new partnerships position Serve to capitalize on increasing market demand for automation in delivery services.
Source: YAHOO
Reported 6 days ago
JPMorgan has increased its price target for HP Inc. (HPQ) to $30 from $27 while maintaining an Overweight rating, following robust demand trends reported in the company’s fiscal third-quarter results. Analysts believe these trends will mitigate the risk of lowered estimates for fiscal 2025, presenting a positive outlook for HPQ in the future.
Source: YAHOO
Reported 6 days ago
Stifel analyst Tore Svanberg has maintained a Buy rating on Astera Labs (ALAB), setting a price target of $174.00, due to the company's strong positioning to navigate potential supply chain issues, especially in collaboration with Taiwan Semiconductor Manufacturing Company (TSMC). The early investment by TSMC has enabled Astera Labs to secure manufacturing capacity, contributing to its growth despite prevalent industry shortages.
Source: YAHOO
Reported 6 days ago
This week in the markets is crucial, following a turbulent tech sector response to China's AI chip ambitions led by Alibaba, impacting shares of Nvidia and AMD. With the markets closed Monday for Labor Day, focus shifts to Friday's employment data, which will inform the Fed's potential rate decisions. Notable earnings from companies like Zscaler and Salesforce will shed light on enterprise software trends, while manufacturing and services data will provide insights into economic health. Additionally, a recent legal ruling on Trump-era tariffs could complicate trade policies and market dynamics.
Source: YAHOO
Reported 6 days ago
The Shiba Inu memecoin has experienced a staggering 157,726% increase in its burn rate, resulting in the elimination of 2,481,036 SHIB tokens within 24 hours. This significant reduction in supply has led to a slight price rally, with SHIB now trading at $0.00001238 and a market cap of $7.26 billion. Analysts suggest that the decline in circulating supply may decrease selling pressure, potentially supporting further price increases in the upcoming weeks.
Source: YAHOO
Reported 6 days ago
In August, US employers showed limited interest in hiring, with forecasts suggesting only 75,000 new jobs were added and the unemployment rate possibly rising to 4.3%. This marks the weakest job growth period since the pandemic began, raising concerns about a subdued labor market. The upcoming jobs report will be crucial for the Federal Reserve's decision-making as some officials advocate for a potential interest rate cut despite rising inflation and falling participation rates.
Source: YAHOO
Reported 6 days ago
Spirit Airlines has filed for bankruptcy again, indicating the need for significant cost-cutting measures to survive in a challenging market for low-cost carriers. The airline struggles with high labor costs and an oversaturated market, prompting it to consider downsizing its fleet and negotiating with lessors. The situation is complicated by rivals offering competitive fares and the volatility of demand in the airline industry.
Source: YAHOO
Reported 6 days ago
Nvidia disclosed that two unnamed customers accounted for 39% of its second quarter revenue, with one contributing 23% and the other 16%. The company reported record revenues of $46.7 billion, driven by the AI data center boom, but this heavy reliance on a few clients presents risks. Despite this concentration, analysts suggest that these clients, likely to be major players, will continue to invest substantially in data centers in the coming years.
Source: YAHOO
Reported 6 days ago
Shares of GE Vernova Inc. (GEV) have increased by 50% since Jim Cramer expressed optimism about the company in January, despite his general skepticism about the nuclear power sector. The stock experienced a 21.5% drop during the AI-related market selloff but rebounded by 17.5% after surpassing earnings estimates in July. Cramer highlighted the need for more power plants due to the growing demand for data centers, reinforcing his belief in GEV's potential for continued growth.
Source: YAHOO
Reported 6 days ago
Check washing is a growing form of fraud that costs Americans over $1 billion each year, where thieves steal checks from mailboxes, erase the original information, and replace it with false details before cashing them. Despite the rise of digital transactions, this method has increased since 2021, with criminals using household chemicals and leveraging dark web platforms to trade stolen checks. Victims often face significant financial losses and challenges in recovering their funds. To protect against this scam, it's advised to use secure mailing methods, regular account monitoring, and digital payment options.
Source: YAHOO
Reported 6 days ago
In a critical analysis, Mohamed El-Erian discusses the increasing threats to the Federal Reserve’s independence, particularly under the heightened political tension between President Trump and Fed Chair Jerome Powell. El-Erian argues that these dynamics undermine public trust in the Fed, citing attacks on both Powell and board member Lisa Cook, which could lead to a politicized board and weaken the institution's core principles. The situation suggests an urgent need for accountability and reform within the Fed to ensure its effectiveness amidst political pressures.
Source: YAHOO
Reported 6 days ago
Jim Cramer recently highlighted Williams-Sonoma, Inc. (NYSE: WSM) and its CEO, Laura Alber, commending her leadership despite a 5.2% dip in the company's shares following tariff announcements. Cramer expressed skepticism about reviving the American furniture industry but acknowledged Williams-Sonoma's strong position in the market amidst tariff pressures. He indicated that while WSM has investment potential, some AI stocks might offer better returns.
Source: YAHOO
Reported 6 days ago
Best Buy Co., Inc. (BBY) has seen a significant decline in its stock value, attributed to tariff impacts and revised revenue forecasts. Jim Cramer pointed out that BBY’s shares dropped 13.8% year-to-date, with major selloffs stemming from a cut in fiscal 2026 revenue guidance due to tariffs. He expressed concerns over the company's long-term viability as tariffs might affect pricing and investor confidence amid changing market conditions.
Source: YAHOO