XPeng Stock Gets Another Downgrade. It’s Becoming More Controversial Than Tesla.

Shares of pure-play electric vehicle producers can be controversial on Wall Street. High-growth car stocks can be difficult to value when the traditional auto players trade for less than seven or eight times estimated earnings. Shares of Chinese EV maker XPeng (ticker: XPEV) are now one of the most controversial EV stocks, supplanting even Tesla … Read more

Redfin Stock Heads for a New Low. Its Business Is ‘Fundamentally Flawed.’

Redfin stock has been hit hard by a slowdown in the housing market. But an analyst says the real estate broker might also have fundamental problems with its business model. Oppenheimer analyst Jason Helfstein downgraded Redfin stock (ticker: RDFN) to Underperform from Perform in a research note published Sunday and set a 12-month price target … Read more

UiPath Stock Sinks on Cut to Fiscal-Year Revenue Forecast

Text size UiPath, the robotic-process automation software company, cut its revenue outlook for the fiscal year. Courtesy UiPath UiPath stock was sinking Wednesday after the robotic-process automation software company cut its outlook for fiscal-year revenue citing “foreign exchange and macroeconomic volatility.” For the third quarter, UpPath (ticker: PATH) said it expects revenue of $243 million to $245 … Read more

Porsche Family to Acquire More Than 25% of the Car Maker as IPO Nears

BERLIN—Volkswagen AG largest shareholder, Porsche Automobil Holding SE said it would acquire 25% plus one additional share of the voting stock in Porsche AG when VW lists the sports-car brand, which could happen by the end of the month, the companies said on Saturday. VW, Europe’s biggest auto maker by sales, said the companies’ boards … Read more

Why Is Estee Lauder Stock Falling? The Outlook Disappointed.

Text size Fiscal fourth-quarter earnings and revenue at Estee Lauder beat analysts’ estimates. Gabby Jones/Bloomberg Estee Lauder shares were lower premarket trading Thursday after the beauty company said it expects fiscal first-quarter earnings below Wall Street estimates. Estee Lauder (ticker: EL) said it expects first-quarter earnings of between $1.22 a share and $1.32 a share, … Read more

Intel Stock Could Be Worth More Dead Than Alive. Why This Analyst Sees 50% Upside.

Text size Intel was once the most valuable chip maker in the U.S. David Paul Morris/Bloomberg While badly wounded, Intel isn’t dead yet. And at least one analyst thinks there could be considerably more value in the beleaguered chip company’s shares than Wall Street generally believes. Let’s be clear: The situation is bleak. Intel (ticker: … Read more

Roku stock plummets toward worst drop on record after ‘frankly awful’ earnings

Shares of Roku Inc. were tumbling toward their worst drop on record Friday after the streaming company acknowledged a “significant slowdown” in advertising spending that helped propel it to weaker-than-expected results and could persist beyond the latest quarter. “Consumers began to moderate discretionary spend, and advertisers significantly curtailed spend in the ad scatter market (TV … Read more

The Most Valuable Business on Earth Could Be Hiding Inside Amazon

Text size Amazon has created what is arguably one of the world’s best growth businesses. Thomas Samson/AFP via Getty Images Amazon Web Services just might be the most valuable business on Earth. And the most undervalued. Clearly, the optimistic view of the long-term potential of AWS isn’t reflected in the current valuation for Amazon.com stock … Read more

Micron Stock Slumps After Downgrade. Why the Analyst Fears the Consumer.

Text size Dreamstime Micron Technology stock was slumping in premarket trading Friday after the memory chip manufacturer received the first Sell-equivalent rating since February. Piper Sandler analyst Harsh Kumar downgraded Micron (ticker: MU ) to Underweight from Neutral on Friday, citing concerns over the company’s oversize exposure to consumer markets that will struggle amid macroeconomic … Read more

FuboTV Stock Tanks After Lowering North America Forecast

Text size Dreamstime Shares of fuboTV were plummeting on Friday after the sports streaming service slashed its guidance for North America. For the full year, fuboTV (ticker: FUBO ) expects to generate between $1.02 billion to $1.03 billion in revenue in North America, with 1.465 million to 1.485 million subscribers. FuboTV previously had predicted that … Read more