Barclays told clients it’s “still early” to buy the dip on Amazon, as the e-commerce giant’s period of heavy investment could hurt financials and the stock further before things get better. “Historically it’s a good idea to buy AMZN shares in the 7th-8th inning of its investment cycles, closer to where we are coming out,
Investing
Democratic presidential candidate, Sen. Elizabeth Warren (D-MA) greets an overflow crowd outside of a town hall event on August 17, 2019 in Aiken, South Carolina. Sean Rayford/Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) It’s been a tough
Tim Cook presents at the Apple launch event in Cupertino, Calif on Sept. 10th, 2019. Source: Apple (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Here are the best analyst calls on Wall Street this week: Morgan Stanley- Apple, Overweight rating
Dara Khosrowshahi, CEO of Uber Technologies, speaks during an Economic Club of Washington event in Washington, DC, June 11, 2019. Saul Loeb | AFP | Getty Images Here are the biggest calls on Wall Street on Friday: Guggenheim initiated Uber as ‘buy’ Guggenheim said Uber has an underappreciated pricing leverage, among other factors. “1) We
Grim as it may be, backup-generator maker Generac Holdings is soaring as power cuts in California become the norm. The stock opened at a new all-time high on Friday, and is up 85% for the year. This week PG&E announced another large-scale preemptive power cut for hundreds of thousands of customers in California. PG&E is
CNBC’s Jim Cramer said on Friday that Amazon is not in trouble, despite missing on earnings and warning about holiday sales. “It’s a brilliant company,” Cramer said on “Squawk on the Street.” “This stock is a buy by next week, mid-week,” advising investors to wait until the selling clears out before getting in. Shares of
The SpaceX Crew Dragon capsule next to the company’s Falcon 9 rocket in a hangar at Kennedy Space Center, Florida. SpaceX In about a week SpaceX expects to conduct a key test of the capsule it is developing to launch astronauts, as the company looks to show it fixed an issue that caused an empty
Twitter CEO Jack Dorsey speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada. David Becker | Getty Images News | Getty Images Payments giant Square is getting into stock trading. The San Francisco-based company will offer users the ability to trade individual stock on its Cash App, for
Investors betting against Elon Musk’s electric automaker Tesla collectively lost an estimated $1 billion-plus on Thursday as the company’s stock headed for its best day on Wall Street since 2013. Tesla popped 16.5% Thursday to around $300 per share, meaning short sellers betting against the stock are on track for $1.4 billion in mark-to-market losses
Jeffrey Vinik Victor J. Blue | Bloomberg | Getty Images Jeffrey Vinik, the billionaire investor who relaunched his hedge fund earlier this year, is cutting his comeback tour short. “It has been much harder to raise money over the last several months than I anticipated,” Vinik said in a letter dated Wednesday to investors. The