Apple, Amazon, Costco, Ford, Meta, McDonald’s | Rare Techy
[ad_1]
Here are Friday’s biggest Wall Street calls. Goldman Sachs reiterates Amazon as buy Goldman said it will hold on to Amazon shares after Thursday’s “mixed” earnings report. “Based on our work, we remain convinced of Amazon’s multi-year operating margin expansion story driven by improved e-commerce margins, fewer international losses and higher margin contributions from AWS and advertising. Read more about this call here. Morgan Stanley Reiterates Overweight on Apple According to Morgan Stanley, Apple remains “best of breed” after Thursday’s earnings report. challenging Megacap tech earnings season.” Read more about that call here. Deutsche Bank Downgrades Caterpillar to Drop Buy Deutsche says Caterpillar shares don’t have “enough potential upside” after the company’s Thursday earnings report. “But nothing was learned today. [Thursday] has changed our inter-cyclical valuation framework, and while we raised our PT by 13% to $221, there simply isn’t enough upside potential from the current share price to maintain a buy rating.” Read more about this call here. Morgan Stanley Reiterates Ford Overweight According to Morgan Stanley he likes Ford more as a “restructuring play” than a way to play the electric vehicle sector. “Ford’s Q3 earnings were mostly a non-event. … .We like Ford as an ICE drain play and corporate restructuring play.” Baird Downgrades Stanley Black & Decker to Neutral Against Outperform Baird said he is not giving up on shares of the industrial tools company, but turnarounds will take time. “While we believe SWK is making the right moves for the long term, and we’re encouraged by some early signs of commercial execution momentum, moving aside on the stock.” Truist Upgrades Gilead to Buy In its upgrade, Gilead said Gilead has a “unique” oncology platform. “Oncology is a place, where we are distinguished vs. street; Between Trodelvy’s partnership with RCUS, which could give them a chemo-free triple therapy for lung cancer, we believe GILD has a unique oncology platform.” Morgan Stanley Reiterate Costco Overweight Morgan Stanley says the stock is defensive and “rare air.” Unit growth and market share growth are the cornerstones of the COST story. The tone seems constructive as inventory overhang decreases. ’23 could be a ‘special’ year. Defensive growth.” Wolfe upgrades First Solar to exceed its productivity. In an update on the solar company, Wolfe says he sees a rapidly improving long-term outlook. ” FSLR had another surge in bookings in the third quarter at even higher prices. Our previous concerns that IRA windfalls would be out-competed look increasingly unlikely – instead the outlook for LT is improving!” More information about this call can be found here. Edward Jones Downgrades Meta to Hold Buy Edward Jones has downgraded the stock following its disappointing earnings report. This week. “We are downgrading Meta Platforms to close the buy. The company’s investment in the metaverse will increase more than we expected in 2023, despite a challenging macroeconomic environment.” Piper Sandler upgrades Unity Software to Neutral to Overweight. In the video game engine developer update, Piper said he sees an attractive entry point. That said, Unity remains a strategic platform for 3D creators, with orders that could top $1 billion by 2025.” UBS reiterates Deckers as UBS says the shoe company is one of its “best” growth stories. “We believe DECK’s strong Q2 report shows that the company is taking advantage of a market share opportunity that will allow it to deliver strong growth despite a weak macro economy.” Barclays upgrades Intel to equal weight from underweight Barclays said in its Intel upgrade that it finally sees “the bottom on the horizon”. “The ship is far from right, but it’s time to put aside our long-time UW, given 1) the PC market has reversed stock losses much more slowly than feared, 2) spending and capital cuts should help preserve book value.” Goldman Sachs reiterates Pinterest as Goldman buys says the social media company is showing signs of “resilience” after Thursday’s earnings report. “Pinterest’s Q3 22 Earnings Report ne was generally positive in our view, especially amid a volatile overall advertising environment – user growth showed positive signs of stabilization/re-acceleration, engagement trends remained strong, while revenue growth exceeded fears as demand showed signs of resilience.” Morgan Stanley reiterates McDonald’s Overweight Morgan Stanley said the fast-food giant is a must-see “at this time” after its earnings report on Thursday. “Another outstanding top quarter with US/Europe challenges against myriad pressures on consumers. European companies reportedly even reaping macroeconomic benefits while US has yet another marketing success. Keep OW, 3Q another proof of why investors should your MCD in these times.”
[ad_2]
Source link
