What a difference a year makes. Club holding Wells Fargo will post quarterly results on Friday, followed by our other financial holding, Morgan Stanley, on Tuesday. The industry’s first-quarter results will come against a more pleasant backdrop than last year, when the March 2023 collapse of Silicon Valley Bank sent shockwaves throughout the sector. The … Read more
Alphabet ‘s cloud-computing summit left us feeling much better about the technology giant’s artificial intelligence efforts. There was a lot riding on the event , considering shares hovered near all-time highs heading into it and our general frustration around its AI execution, but the Club holding cleared our bar. Alphabet’s announcements Tuesday at Google Cloud … Read more
Who better than teenagers to know what’s trendy? Piper Sandler has released the spring edition of its semiannual “Taking Stock With Teens Survey,” with solid results for several names in our portfolio. We love scanning the report, which looks at a wide swath of Generation Z, roughly defined as people aged 11 to 26. In … Read more
A pair of Wall Street surveys point to increasing strength on both sides of Amazon ‘s business — more evidence of a cloud-computing comeback and resilient online spending from consumers. Internet analysts at Mizuho Securities said this week they see an “accelerating sales cycle” underway at Amazon Web Services, citing the results of its quarterly … Read more
U.S. oil prices have climbed to their highest level since late October, as the rally in the key commodity becomes something equity investors cannot afford to look past. West Texas Intermediate crude futures rose modestly Wednesday and at one point breached $86 a barrel, bringing the U.S. oil benchmark’s year-to-date gain to 19%. Brent crude … Read more
A Wall Street firm on Tuesday struck a favorable chord on a trio of industrial holdings, reaffirming the Club’s forecast for upside in shares of Stanley Black & Decker and Honeywell International . Eaton also received a well-deserved upgrade. Although the industrial sector has slumped with the broader market this week, the group experienced a … Read more
Investors received another reason to buy shares of Palo Alto Networks , according to Jim Cramer, in light of a cybersecurity incident that has impacted millions of AT & T customers. The telecommunications giant said Saturday it was investigating a leak of customer data onto the dark web, which compromised information belonging to 73 million … Read more
It was a great first quarter of the year for stocks. The S & P 500 jumped 10.16% over the first three months and notched a series of all-time highs, including in Thursday’s session. It marked the index’s best first quarter in half a decade. The Dow Jones Industrial Average and Nasdaq also had strong … Read more
Ford Motor kept its 2024 guidance unchanged Tuesday. Meanwhile, Amazon ‘s pharmacy efforts added another wrinkle and Disney ‘s newest board member weighed in on the proxy fight underway at the entertainment giant. Here’s a closer look at these headlines and our takes on each. F YTD mountain F stock performance year-to-date. The news: Ford … Read more
Wall Street sentiment toward Foot Locker is warming up after Nike recently said it would focus more heavily on wholesale partnerships — a domain the athletic shoe retailer is a key player in. We still have reservations. Two research firms upgraded Foot Locker shares over the past week: Evercore ISI went to buy from hold … Read more
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