Ford Motor Co. (NYSE:F) Q4 net profit fell 90% year-over-year to $1.3 billion, and a full-year 2022 net loss of US$2 billion, turning from profit to loss.
Ford Motor Co. (NYSE:F) Q4 net income fell 90% year-over-year to $1.3 billion Read Post »
Qualcomm (NASDAQ:QCOM): Q1 revenue for fiscal 2023 fell 12% year-over-year to $9.5 billion, and net income decreased 34% year-over-year to $2.235 billion.
Qualcomm (NASDAQ:QCOM): Fiscal 2023 Q1 revenue fell 12% year-over-year to $9.5 billion Read Post »
Amazon CEO Andy Jassy said on an earnings call on February 2 local time that the company has suspended the expansion of Amazon Fresh and unmanned convenience stores. Before it can embark on a massive expansion, he said, Amazon needs a unique form of store and keep its finances in good shape. “Retail is a tough industry.” Jassy said, “The process of expanding Amazon’s fresh service is flushing money down the toilet. But he added that the future of grocery supermarkets is omnichannel where online and offline coexist.
Amazon suspended fresh food services and unmanned convenience store expansion Read Post »
Wells Fargo: Cut its price target on Merck (NYSE:MRK) to $120 from $125.
Wells Fargo: Cut its price target on Merck (NYSE:MRK) to $120 from $125 Read Post »
Deutsche Bank: Lowered its price target on Honeywell (NASDAQ:HON) to $235 from $242。
Deutsche Bank: Lowered its price target on Honeywell (NASDAQ:HON) to $235 from $242 Read Post »
On Friday, local time, the U.S. Treasury Department said that after revising the definition of car classification, it will make more Tesla, Ford Motors, General Motors and Volkswagen electric vehicles eligible for tax credits of up to $7,500. Under the $430 billion climate bill approved last August, SUVs can cost up to $80,000 to qualify for the EV tax credit, while cars, sedans and vans can only cost up to $55,000. The Treasury Department’s statement allows automakers to consider crossover SUVs eligible for credit. The decision raised the retail price cap for GM’s Cadillac Lyriq, Tesla’s five-seater Model Y, Volkswagen ID.4, Ford Mustang Mach-E and Escape plug-in hybrid from $55,000 to $80,000.
Bank of America CEO Moynihan’s total compensation fell to $30 million in 2022, compared to $32 million the year before.
Bank of America CEO Moynihan’s total compensation for 2022 drops to $30 million Read Post »
Credit Suisse: Cut Amazon’s (NASDAQ:AMZN) price target to $150 from $171.
Credit Suisse: Cut Amazon’s (NASDAQ:AMZN) price target to $150 from $171 Read Post »
Wells Fargo: Cut Amazon’s (NASDAQ:AMZN) price target to $145 from $155。
Wells Fargo: Cut Amazon’s (NASDAQ:AMZN) price target to $145 from $155 Read Post »
UBS analyst Lloyd Walmsley raised its price target on Amazon (NASDAQ:AMZN) to $127 from $118, maintaining a “buy” rating. The analyst said Amazon’s fourth-quarter results were mixed, with retail stronger than expected and AWS weaker. Walmsley believes Amazon’s recent stock price will struggle to rise until AWS shows more signs of stabilization.
According to a research report published by Morgan Stanley, Amazon (NASDAQ:AMZN) showed a significant improvement in the profitability of the company’s retail business in the fourth quarter of last year, which made the bank more confident in future scale-driven efficiency and profit improvement, and raised its retail EBIT forecast by $8 billion this year. Damo pointed out that although its AWS business is facing near-term macro uncertainty, it will cut its AWS revenue forecast for this year and next by 6%, but believes that the impact is only temporary, emphasizing that it is still optimistic about the long-term development of the business, and the target price is raised to $150. The bank also raised its overall EBIT forecasts for this year and next by 28% and 19%, rating it overweight.
Morgan Stanley: Raised Alphabet (nasdaq:GOOGL) price target from $125 to $135。
Morgan Stanley: Raised Alphabet (nasdaq:GOOGL) price target from $125 to $135 Read Post »