Analysts' upgrades & downgrades - Google, Amazon, Disney, Facebook, SoFi, Netflix, Nike, DraftKings 🤔
Tuesday, 12th October 2021 by Gotrade
Hey Gotraders,
Let’s take a look at some of the stocks that have gotten upgraded or downgraded by analysts this week 🤔
SoFi (SOFI) - Morgan Stanley (MS) initiated coverage of SoFi and gave them an “overweight” rating. Morgan Stanley thinks that SoFi has a “robust digital offering.” Current stock price: $18.29 (+13.45%)
Netflix (NFLX) - Credit Suisse (CS) increased Netflix’s price target from $643 to $740. Credit Suisse likes Netflix’s content strategy and setup headed into earnings next week. Bank of America (BAC) also reiterated Netflix as a “buy.” Current stock price: $627.04 (-0.89%)
Facebook (FB) - MoffettNathanson has reiterated its “buy” rating on the social media giant and thinks the stock is well-positioned. Cowen also reiterated Facebook as “outperform.” Current stock price: $325.45 (-1.39%)
Peloton (PTON) - KeyBanc maintained its “overweight” rating on Peloton but lowered its price target from $185 to $155. KeyBanc thinks that investors should buy the dip on the stock. Current stock price: $84.87 (-1.44%)
Disney (DIS) - Bank of America maintained its “buy” rating on Disney and sees it “reaccelerating” Disney+ subscriber additions. Current stock price: $173.52 (-1.82%)
DraftKings (DKNG) - Citibank (C) has initiated a “buy” rating on DraftKings. Citi thinks that DraftKings is the “market leader” in betting. Current stock price: $48.88 (+2.02%)
Google (GOOG) - Cowen gave Google an “outperform” rating. Cowen sees “robust ad growth” when Google reports earnings later this month. Morgan Stanley also reiterated its “overweight” rating on the stock. Current stock price: $2,776.95 (-0.86%)
Amazon (AMZN) - Morgan Stanley reiterated its “overweight” rating on the stock. Morgan Stanley is bullish on the stock mainly due to its strength in digital advertising. Current stock price: $3,246.30 (-1.29%)
Nike (NKE) - Goldman Sachs (GS) gave Nike a “buy” rating, and says that the stock usually “bounces back after underperforming the market.” Current stock price: $150.28 (-1.44%)
ConocoPhillips (COP) - Goldman Sachs downgraded ConocoPhilips from a “buy” to a “neutral” due to outperformance but said the stock is still “well-positioned in an oil recovery.” Current stock price: $73.97 (-1.27%)
Starbucks (SBUX) - Deutsche Bank (DB) upgraded the stock from a "hold" to a “buy” citing “incredible U.S. momentum and the prospect of sustained unit growth in China.” Current stock price: $110.94 (-0.25%)
Happy investing 😉
📈 Facebook will add safety features on Instagram 🔐
I am sure that everyone must have heard about the whistleblower drama going on with Facebook (FB) at the moment. As a result of it all, Facebook is doing damage control. They have announced that they will be implementing new tools to divert users away from harmful content and give parents more control of teens’ Instagram accounts.
“We have no commercial incentive to do anything other than try and make sure that the experience is positive. We can’t change human nature. We always see bad things online. We can do everything we can to try to reduce and mitigate them.” - Nick Clegg, Vice President of Global Affairs.
Shares of Facebook are up 21.01% year-to-date and closed at $325.45.
📉 Southwest Airlines cancels over 2 thousand flights 🙅♀️✈️
Southwest Airlines (LUV) canceled over 2,000 flights this weekend as they faced air traffic control issues, bad weather, and its own staffing shortage.
Van de Ven, Southwest’s President, acknowledged the airline “is still not where we need to be on staffing, and in particular with Flight Crews.”
Uh oh… Those who were looking to travel on Southwest Airlines over the weekend were probably not very happy. As expected, customers were outraged about the long hold times to change flights.
Shares closed at $51.67, 4.17% lower for the day.
Top movers & shakers 🎢
What else is making headline news 📰
Disney’s (DIS) shift to streaming puts ESPN in an awkward position of clinging to the past.
Facebook (FB) whistleblower behind major leak is going to testify in Europe.
Apple (AAPL) decides its victory against Epic wasn’t enough — it wants a total win.
Bitcoin is rallying above $57,000 and 5 other things that happened in crypto this past week.
U.S. moves closer to clearing Moderna (MRNA) and Johnson & Johnson (JNJ) Covid booster shots this week.
Popular companies releasing earnings this week 💰
Wednesday: JPMorgan Chase (JPM), Goldman Sachs (GS), BlackRock (BLK), Progressive (PGR), Wipro (WIT), First Republic Bank (FRC), Delta Airlines (DAL)
Thursday: United Health (UNH), Bank of America (BAC), Wells Fargo (WFC), Morgan Stanley (MS), Citibank (C), U.S. Bancorp (USB), Walgreens Boots Alliance (WBA), Domino's Pizza (DPZ)
Friday: J.B. Hunt Transport (JBHT), Prologis (PLD), PNC Financial (PNC), Truist (TFC)
A company’s market value may fluctuate considerably around the time that the earnings report is expected to be published. Stock prices may rise or fall according to analysts' speculative estimates, released prior to the actual earnings announcement.
The earnings season can be a time of great opportunity since better-than-expected figures could cause a company’s stock to greatly increase in value. Worse-than-expected results could have the opposite effect.
That’s all from us for now.
Signing out,
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