Streetbeat News

Analyst Ratings

SCHW

JMP Securities analyst Devin Ryan has upgraded Charles Schwab (NYSE:SCHW) from Market Perform to Market Outperform and announced a $73 price target.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 9:04 am

WSO

Keybanc analyst Jeffrey Hammond has downgraded Watsco (NYSE:WSO) from Overweight to Sector Weight.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 9:01 am

EPAM

Piper Sandler analyst Arvind Ramnani has reiterated a Neutral rating on EPAM Sys (NYSE:EPAM) and maintained a price target of $215.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 9:00 am

BILL

Keybanc analyst Josh Beck maintains an Overweight rating on BILL Holdings (NYSE:BILL) and raises the price target from $110 to $140.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 8:58 am

BTCUSD

ETHUSD

USDTUSD

Veteran trader Peter Brandt criticized cryptocurrency enthusiasts who hold assets via Tether (USDT) on Binance, labeling the exchange as a scam. He highlighted an incident where Binance US executed Bitcoin sell orders at $8,000 while it was trading at $60,000 on other platforms. Brandt also declared Bitcoin as the only trustworthy cryptocurrency, calling others 'wannabees or scams'.

Portfolio Pulse from Mehab Qureshi

July 10, 2023 | 6:54 am

RIVN

TSLA

Gary Black, managing partner at Future Fund, suggests that Tesla, Inc. (NASDAQ:TSLA) should consider launching a traditional-looking pickup to cater to different consumer segments. He believes this could help Tesla get closer to 10 million units per year by 2030, compared to Wall Street estimates of 6.5 million. Black cites the success of Rivian Automotive Holding, Inc.’s (NASDAQ:RIVN) R1 pickup truck as an example. The U.S. pickup truck market is currently dominated by Ford Motor Co.'s (NYSE:F) F-series, General Motor Corp. (NYSE:GM)-owned Chevy Silverado and Ram.

Portfolio Pulse from Shanthi Rexaline

July 10, 2023 | 6:36 am

HELE

PSMT

TSLA

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors following the release of mixed jobs report. U.S. stocks closed lower on Friday, with the Dow Jones losing 1.96%. Mizuho maintained Tesla, Inc. (NASDAQ:TSLA) with a Buy and raised the price target from $230 to $300. Investors are awaiting earnings results from Helen of Troy Limited (NASDAQ:HELE) and PriceSmart, Inc. (NASDAQ:PSMT).

Portfolio Pulse from Lisa Levin

July 10, 2023 | 6:06 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin traded in the red amid mixed signals from the U.S. labor market. The June nonfarm payrolls (NFPs) fell short of economists’ expectations, suggesting a weakening of employment momentum. JPMorgan's report highlighted a potential drawback for the crypto markets, suggesting that a spot Bitcoin ETF may not have the transformative effect many anticipate. Meanwhile, US Stock futures showed slight gains in anticipation of upcoming inflation data and the start of the second-quarter earnings season.

Portfolio Pulse from Mehab Qureshi

July 10, 2023 | 2:23 am

BTCUSD

Bloomberg’s macro strategist Mike McGlone predicts that Bitcoin (BTC) will face a significant test in the second half of 2023 due to expected harsh recessionary conditions. He suggests that the stock market will start to decline and Bitcoin will have a chance to prove itself as a store of value, or “digital gold,” by not dipping alongside equities. However, he warns that the Federal Reserve may be reluctant to ease monetary policy in the face of high inflation.

Portfolio Pulse from Bibhu Pattnaik

July 08, 2023 | 7:24 pm

BMBL

NVDA

RIVN

Barron's has highlighted several stocks in its weekend review, including General Motors (GM), Rivian (RIVN), Bumble (BMBL), Nvidia (NVDA), Mastercard (MA), and Visa (V). GM's stock has been boosted by strong Q2 US deliveries. RIVN is believed to be on the right track towards executing its long-term business model. Despite BMBL's shaky stock, there's optimism about the company's payer growth. NVDA is seen as a promising player in the AI space. MA and V are still considered strong plays due to strong earnings and potential for higher revenue.

Portfolio Pulse from Justin Chan

July 08, 2023 | 4:58 pm