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TD Cowen has maintained an Outperform rating for Nvidia. The analyst team has increased its price target from $600 to $700 per share. This represents close to a 50% premium from current price levels and suggests a strong growth story behind artificial intelligence and its development.
Rivian (RIVN.us) shares remain under pressure with its price candlesticks below its black 30-week EMA and the EMA turned down. Its weekly RSI is also below 50 (green rectangle), suggesting a negative underlying momentum.
JPMorgan Chase & Co. (JPM.us) is set to lead the charge as the third quarter earnings season for the banking sector commences on October 13th, right before the market's opening bell. Joining the ranks on the same day are Citigroup Inc. (C.us) and Wells Fargo & Co. (WFC.us), who will also unveil their financial results.
On Thursday Tesla (TSLA.us) cut its prices on its Model 3 and Model Y vehicles in the US.
Netflix is planning to raise prices when the current actors strike ends. The Wall Street Journal reported on Tuesday that the company will raise the price of its ad-free streaming tier at the conclusion of the strike. The amount of the increase is as yet undecided but is likely to be similar to competitor pricing. This comes off the back of Netflix focusing on initiatives such as the ad free…
German footwear brand Birkenstock gears up for its debut on the New York Stock Exchange, in another high-profile IPO, not long after it was featured in the blockbuster Barbie movie
Rivian (RIVN.us) has given disappointing guidance and wants to raise more funds by issuing convertible notes.
According to Mizuho, Coinbase’s Q3 earnings may be under pressure. The reason being that interest in cryptocurrencies has waned, which is likely reflected in trading volumes on the crypto platform. The analysts at Mizuho suggest volumes from July through September was at $72bn, which is lower than their previous estimate of $88bn. Mizuho maintains an underperform rating with a price target of $27 per share.
Apple (AAPL.us) has charted a lower peak followed by a lower trough on its weekly chart. This puts Apple into a defined downtrend here. Of concern, Apple’s candlesticks are trading below its black 30-week EMA, and it looks as if the EMA is turning down. Moreover, the weekly RSI is below 50 (green rectangle). This is the bearish side of the indicator and suggests that an underlying bearish momentum is…
Intel plans to spinoff its Programmable Solutions Group (PSG). The new standalone business will be pursued via an initial public offering. Intel CEO Pat Gelsinger said that the spinoff will potentially unlock “more value for our stakeholders” by helping “Intel product teams focus on our core business and long-term strategy.”
Starting in 2024, Amazon is looking to include limited advertisements on its Prime Video service. Regions include the US, Canada, Germany, and the UK, with US subscribers able to pay an extra $2.99 per month for an ad-free service.
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