Tag Archive : Street

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  • While the polls suggest a blue wave victory is in reach for Democrats this November, the stock market isn’t so sure, according to a note from Evercore ISI.
  • Wall Street strategists have been forecasting that a blue wave would likely be positive for stocks on hopes of a large stimulus deal shortly after the election, which would help spur a surge in value and cyclical stocks.
  • But this week’s rotation out of value and into tech suggests that chances of a blue wave in November are less likely, according to the note.
  • Visit Business Insider’s homepage for more stories.

Wall Street is increasingly expecting a blue wave victory for Democrats this November after the polls close, which would likely lead to the reflation trade: a surge in cyclical and value stocks at the expense of technology and growth stocks.

But recent trading activity in the stock market suggests

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Apple’s  (AAPL) – Get Report much-anticipated iPhone 12 lineup revealed Tuesday received a generally tentative set of upward thumbs from Wall Street analysts, who praised the advent of 5G and the pricing of the handsets but were slightly more suspect of how much demand there will be for the new models.

Apple on Tuesday unveiled four different iPhone models, including the iPhone 12 mini, a 5.4-inch model starting at $699; a 6.1-inch device starting at $799, a 6.1-inch Pro model starting at $999, and a 6.7-inch pro model starting at $1,099.

Apple also introduced its HomePod Mini smart speaker, which includes a touch panel on its top for play/pause and volume options, along with a light-up display to indicate use of the Siri assistant.

“The pricing dynamics are the killer app for the phone launch,” Piper Sandler analyst Harsh Kumar wrote in a note to clients. “Pricing was

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CEO of The Robin Hood Foundation, Wes Moore, speaks during The Robin Hood Foundation’s 2018 benefit at Jacob Javitz Center on May 14, 2018 in New York City.

Kevin Mazur | Getty Images

One of Wall Street’s favorite charitable organizations has raised several million dollars to support a fund that invests in nonprofit groups run by people of color. 

The Robin Hood foundation’s Power Fund kicked off this summer as the coronavirus pandemic spread and amid nationwide protests sparked by the police killing of George Floyd on Memorial Day.  

Robin Hood funds over 200 poverty-fighting programs in New York City. It is led by Wes Moore, an author and former investment banker at Citigroup.

“I think part of the thing we’ve seen is that everything we’ve witnessed post George Floyd, these aren’t new things because of George Floyd,” Moore told CNBC. “I think that the conversations we’ve been able to

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American Well AMWL shares jumped on Monday after coverage of the stock was initiated by a number of analysts four weeks following the Boston telehealth company’s debut on the New York Stock Exchange. 

Amwell shares were trading at $34.29, up 5%, at last check. Here’s what Wall Street is saying:

Morgan Stanley analyst Ricky Goldwasser initiated coverage of the stock with an equal weight rating and $35 price target, saying the company’s telehealth platform is poised to gain share within a “large and expanding” market.

UBS’s Kevin Caliendo initiated coverage of Amwell with a neutral rating and $29 price target. 

Caliendo says the neutral rating reflects the stock’s 81% climb since its IPO in mid-September. But the company has the potential to accelerate its growth above the estimated 27% revenue growth excluding acquisitions that Caliendo anticipates. 

Goldman Sachs initiated coverage of Amwell with a neutral rating and $31 price target. 

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London-based venture capital firm Air Street Capital today published the State of AI Report 2020, its third annual survey canvassing research, talent, industrial, and political trends in the field of AI. Coauthored by University College London visiting professor Ian Hogarth and AI investor Nathan Benaich, the report aims to highlight technological breakthroughs and areas of commercial application for AI as well as the regulation of AI, its economic implications, and emerging geopolitical issues.

Among other findings, this year’s report implies AI remains mostly closed source, harming accountability and reproducibility, while corporate-driven academic “brain drain” appears to be impacting entrepreneurship. Self-driving cars are in the Precambrian stages. And political leaders are beginning to question whether acquisitions of AI startups should be scrutinized or outright blocked.

AI research

According to Air Street Capital’s report, only 15% of AI research papers publish their code, and there’s been little improvement on the metric since

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Investors and analysts have been framing the Amazon  (AMZN) – Get Report sum-of-the-parts valuation wrong, according to a Pivotal Research analyst, who raised his price target for the internet retail giant to $4,500 from $3,925.

Shares of the Seattle-based Amazon were up 1.6% on Thursday to $3,200.08.

Analyst Michael Levine, who kept a buy rating on the shares, said in a note to clients that Amazon’s advertising was only 5% of revenue, but is a “far greater contributor” to overall non-Amazon Web Services EBIT margins than Wall Street recognizes.

“Said differently,” the analyst said, “if advertising was viewed as a stand-alone business unit … it would represent well north of 300% of 2020E non-AWS EBIT.”

Based on his view that there is “massive upside” to estimates by fiscal year 2024, the analyst increased the firm’s target to a Wall Street-high of $4,500. 

Levine thinks investors are “materially underestimating”

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Palantir Shares Go Up in Wall Street Debut

September 30, 2020 | technology | No Comments

Palantir Technologies, a company that helps government agencies analyze vast amounts of digital data, saw its shares jump in its Wall Street debut on Wednesday in a sign of continued investor excitement for money-losing software companies.

The company’s shares began trading at $10 on the New York Stock Exchange, a 38 percent increase from a “reference price” of $7.25 set Tuesday evening, and closed the day at $9.73.

Palantir is one of many companies rushing to go public before the election on Nov. 3. It hit the market the morning after a presidential debate seemed to foreshadow political turmoil that could rattle investors in the coming months.

Still, as the rest of the American economy has struggled with mass unemployment and the closing of businesses big and small, Wall Street has been welcoming to new public offerings. The three months that ended with September were the busiest quarter for initial

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