Wall Street analysts are bullish on META, NVDA & FSLR

Here are Thursday’s biggest calls on Wall Street: JMP downgrades Peloton to market perform from outperform JMP downgraded the stock mainly on valuation. “We are downgrading our rating on shares of Peloton from Market Outperform to Market Perform as Peloton reached our prior $16 price target while we leave our FY2024 estimates largely unchanged following … Read more

World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco

Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2016. Roslan Rahman | AFP | Getty Images Check out the companies making headlines in premarket trading. World Wrestling Entertainment — Shares advanced … Read more

Goldman Sachs names SolarEdge Technologies and First Solar top picks for 2023

The outlook is rosy for SolarEdge Technologies and First Solar , according to Goldman Sachs. Analyst Brian Lee named the two solar stocks among his top picks heading into 2023, saying they can add to this year’s gains. “While solar equities outperformed in 2022 vs. R2K, stocks are still ~20% below early ’21 peak levels … Read more

JPMorgan downgrades First Solar, cites stock’s recent outperformance following climate bill passage

First Solar ‘s stock is due for a much-needed breather following its outperformance in the wake of the Inflation Reduction Act being passed, according to JPMorgan. The stock’s up more than 150% in the last five months and 97% in 2022. The Inflation Reduction Act was signed by President Joe Biden on Aug. 16. While … Read more

Stocks are giving some clues that there could be a Republican congressional sweep, Strategas says

The stock market may be signaling Republicans are about to sweep Congress. Investments that would do well under Republicans are edging higher and outperforming those in a hypothetical Democratic portfolio, particularly in the past week, according to Strategas. That could be signaling that the market is sniffing out more potential for Republicans in mid-term elections … Read more

Goldman says buy First Solar, an immediate climate bill beneficiary

It’s time for investors to load up on shares of First Solar , as the company benefits from the latest climate bill out of Washington, Goldman Sachs said. Analyst Brian Lee double-upgraded shares of the solar stock to buy from sell, saying in a note to clients Wednesday that he believes the company is a … Read more

Bausch Health, Meta, Comcast, Qualcomm and more

In this photo illustration, a silhouetted woman holds a smartphone with the Meta Platforms, Inc. logo displayed on the screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Bausch Health – Trading in the pharmaceutical company’s shares was halted after the stock dipped 50%. A Delaware federal … Read more

Stanley Black & Decker, Southwest Airlines, Harley-Davidson and more

Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit shares rose 3.9% in premarket trading after it agreed to be acquired by JetBlue (JBLU) for $33.50 per share in cash. That follows yesterday’s rejection by shareholders of Spirit’s previous deal to merge with Frontier Airlines parent Frontier … Read more

Markets face crucial summer week, with Fed, earnings and economic data

A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters There’s a head-spinning amount of news for markets to navigate in the week ahead, the biggest of which will be the Federal Reserve’s midweek meeting. The two largest U.S. companies — Microsoft and Apple — … Read more