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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
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
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
Text size Nvidia recently said it was slowing down the pace of its hiring. Dreamstime Nvidia reports earnings after the close on Wednesday. While some analysts have expressed concerns over how weakness in the tech sector could impact the semiconductor maker, one analyst believes there may yet be a silver lining. Demand for data centers … Read more
Text size Qualcomm is one of the 20 stocks on Goldman Sachs’ ‘margin of safety’ list. Pau Barrena /AFP via Getty Images Exxon Mobil , Qualcomm , Micron and Chevron are just some of the 20 “margin of safety” stocks Goldman Sachs recommends as macroeconomic and geopolitical headwinds have roiled U.S. stocks markets. The Russian … Read more
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
Text size Ford’s production has been crimped by the semiconductor shortage. Brandon Bell/Getty Images Ford Motor ’s first-quarter earnings were stronger than expected, but analysts aren’t heaping praise on the results. Something is troubling Wall Street. The auto maker is sticking with its financial forecasts for the full year. It expects operating profit to come … Read more
Text size Henrik Jonsson/Dreamstime.com Netflix stock was slumping Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts. Netflix (ticker: NFLX ) lost 200,000 subscribers in the quarter, well below its guidance for 2.5 million net adds. The streaming service would have added 500,000 users … Read more
Text size Cisco Systems logo Gabriel Bouys/AFP via Getty Images Shares of Cisco Systems were falling Tuesday after the networking hardware and software giant was downgraded to a Sell by Citi. Analyst Jim Suva cut his rating to a Sell from Neutral, saying in a research note that “current supply chain challenges are more of … Read more
Text size Rivian is expected to produce fewer cars than Wall Street had anticipated this year. Courtesy Rivian Wall Street has been pretty positive on Rivian Automotive stock, despite some rocky trading out of the gate for the electric-truck start-up. Now, shares have their first Sell rating from a large broker. Monday, Exane BNP Paribas … Read more