Barclays: First overweight rating for Autozone, Inc. (NYSE:AZO) with a $2663 price target
Barclays: First overweight rating for Autozone, Inc. (NYSE:AZO) with a $2663 price target.
JPMorgan Chase: Raised Microsoft’s (NASDAQ:MSFT) price target to $305 from $265
JPMorgan Chase: Raised Microsoft’s (NASDAQ:MSFT) price target to $305 from $265。
JPMorgan Chase: Raised Microsoft’s (NASDAQ:MSFT) price target to $305 from $265 Read Post »
United Airlines (NASDAQ:UAL): Daily nonstop service between Hong Kong and San Francisco will resume March 3
Effective March 3, 2023, United will resume daily direct service between Hong Kong and San Francisco. The first flight from San Francisco to Hong Kong will depart on 3 March 2023 and the flight from Hong Kong to San Francisco will depart on 6 March 2023.
Delta Air Lines (NYSE:DAL): 5% pay rise for all employees
Delta Air Lines (NYSE:DAL): 5% pay rise for all employees.
Delta Air Lines (NYSE:DAL): 5% pay rise for all employees Read Post »
Microsoft officially introduced ChatGPT to the Bing search engine to usher in a new era
Microsoft announced on Tuesday that it has launched the latest versions of the Bing (Bing) search engine and Edge browser supported by ChatGPT. Microsoft’s CEO said that “search engines have ushered in a new era.” Microsoft says Bing is built on a new next-generation large-scale language model that is more powerful than ChatGPT and can help it use its network knowledge to intelligently interface with OpenAI’s technology. The new chatbot in Bing can help users refine their queries and can draft and translate messages, rewrite computer code, and more. Microsoft said the company will target search results that track chatbots to address concerns that it will fabricate information. Microsoft says it wants to bring the Bing experience to all browsers, not just Edge. The company expects more advertising revenue from the increase in Bing users. The new version of Bing goes live today, but the preview is limited. The company
Microsoft officially introduced ChatGPT to the Bing search engine to usher in a new era Read Post »
Yum China Holdings (NYSE:YUMC) reported revenue of $2.09 billion for the fourth quarter of 2022 versus expectations of $2.22 billion
Yum China Holdings, Inc. (NYSE:YUMC) reported revenue of $2.09 billion for the fourth quarter of 2022 versus expectations of $2.22 billion. Fourth-quarter same-store sales were -4% versus -4.27% expected, and fourth-quarter quarterly adjusted earnings per share were $0.13, unchanged from $1.10 a year ago. It is expected to open 1,100 to 1,300 new stores in 2023.
Fortinet, Inc. (NASDAQ:FTNT) full-year guidance is better than expected
Fortinet, Inc. (NASDAQ:FTNT) adjusted EPS for the fourth quarter of 2022 was $0.44, versus analysts’ expectations of $0.39. Fourth-quarter revenue was $1.28 billion, versus analysts’ expectations of $1.29 billion. Fourth-quarter total accounts were $1.72 billion, versus analysts’ expectations of $1.69 billion. Full-year revenue is expected to be $5.37-$5.43 billion, compared with analysts’ expectations of $5.36 billion. The total account for the full year is expected to be $6.71-6.79 billion, compared with analysts’ expectations of $6.73 billion.
Fortinet, Inc. (NASDAQ:FTNT) full-year guidance is better than expected Read Post »
Zoom (NASDAQ:ZM) will lay off 1,300 jobs, with CEO Yuan Zheng cutting his own pay and forgoing bonuses
Zoom (NASDAQ:ZM) CEO Yuan Zheng said on a blog post that the company will cut about 1,300 jobs as part of the restructuring. Yuan Zheng said he was responsible for the company’s problems, and he would cut his salary and give up bonuses.
Morgan Stanley: Rised AMD (NASDAQ:AMD) price target to $87 from $77 with an overweight rating
Morgan Stanley published a research report that AMD (NASDAQ:AMD) has a weak outlook, with data center businesses falling by double digits quarter-on-quarter and gross margin lower than expected. In a challenging environment, Dama still believes that this is better than feared. The bank’s revenue forecast for fiscal 2023 remained largely unchanged, but gross margin was lowered. AMD data center limited visibility into customer inventory levels will improve the data center’s risk profile, but given its strong market share, the bank raised its group price target to $87 with an overweight rating. The bank expects the group’s first-quarter revenue of US$5.317 billion, non-GAAP gross margin of 50%, non-GAAP operating profit of 20% and earnings per share of US$0.57.
Bernstein: Raised Pinterest (NYSE:PINS) price target to $27 from $25
Bernstein: Raised Pinterest (NYSE:PINS) price target to $27 from $25.
Bernstein: Raised Pinterest (NYSE:PINS) price target to $27 from $25 Read Post »
Credit Suisse: raising Lockheed Martin (NYSE:LMT) price target to $510 from $427
Credit Suisse: Upgraded Lockheed Martin (NYSE:LMT) rating to outperform, raising its price target to $510 from $427.
Credit Suisse: raising Lockheed Martin (NYSE:LMT) price target to $510 from $427 Read Post »
Deutsche Bank: Raised Meta Platforms (NASDAQ:META) price target to $200 from $125 with a Buy rating
Deutsche Bank released a report that although preliminary evidence shows that the Meta Platforms (NASDAQ:META) short video platform Reels business is performing well, competition is everywhere and cyclical concerns remain. The bank believes that Meta’s challenges remain largely temporary, and that investments in privacy-preserving measurement and location solutions, growth in signals on the platform, and increased Monetization of Reels should mitigate current headwinds over time. The company is shifting to prioritizing efficiency this year and beyond, lowering the midpoint of its FY23 operating expense and capital expenditure guidance by $5 billion and $4 billion, respectively, which is expected to deliver significant upside in earnings and free cash flow. In terms of revenue, Reels appears to have reached sufficient size to focus on monetization efficiency while adding $40 billion in repurchase authorizations, which is another positive news for capital allocation. The bank kept its revenue forecast relatively unchanged, but raised its