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Top Calls on Wall Street: Nvidia, Apple, Amazon, Oracle, Marvell, Broadcom, ASML, American Eagle, and More
Here are Wednesday’s biggest calls on Wall Street:Bank of America reiterates Nvidia as buyBank of America said it’s sticking with the stock.“Our $275 PO is based on 28x CY27E PE ex cash, within NVDA’s historical 25x-56x forward year PE range, which we believe is justified by NVDA’s leading share in ...Tiger News
Wed, Dec 3
Memory-Chip Stocks Sink as Pure Storage's Earnings Results Fail to Impress
Memory-chip stocks sank as Pure Storage’s earnings results failed to impress. Pure Storage fell 26%; SanDisk fell 7%; Seagate Technology fell 6%; Western Digital fell 5%; Micron Technology fell 3%. Flash storage pioneer Pure Storage Inc. raised its full-year guidance today, but its stock fel...Tiger News
Wed, Dec 3
Big Tech Stocks Drop as Microsoft Lowers AI Software Sales Quota
Multiple divisions at Microsoft have lowered sales growth targets for certain artificial intelligence products after many sales staff missed goals in the fiscal year that ended in June, The Information reported on Wednesday.Big tech stocks dropped in morning trading. Netflix fell 5%; Microsoft fell ...Tiger News
Wed, Dec 3
Ondas Holdings Stock Jumps After Winning Major Drone Border Security Contract
Ondas Holdings shares jumped 9% in premarket trading on Wednesday after the company announced it had secured a strategic government contract to develop and deploy an autonomous border protection system using thousands of drones.The multi-year, multi-phase program positions Ondas Autonomous Systems (...Tiger News
Wed, Dec 3
After AI Push, Trump Administration Is Now Looking to Robots
Five months after releasing a plan to accelerate the development of artificial intelligence, the Trump administration is turning to robots, Politico reported.Commerce Secretary Howard Lutnick has been meeting with robotics industry CEOs and is “all in” on accelerating the industry’s development, acc...Tiger News
Wed, Dec 3
Oracle Initiated at Overweight: Wells Fargo Sees "Room to Run" in AI Super-Cycle
Wells Fargo initiated coverage of Oracle with an Overweight rating and a $280 price target in a note on Wednesday, arguing that the company is emerging as a leader in the AI infrastructure boom.Oracle shares gained 1.9% in premarket trading.The bank’s analyst Michael Turrin stated that Oracle is “st...Tiger News
Wed, Dec 3
Pre-Bell｜U.S. Futures Rise; American Eagle Surges 13%; Marvell Jumps 9%; Macy's Drops 8%; GitLab Sinks 9%; Crypto Stocks Rally
U.S. stock index futures edged higher on Wednesday as investors priced in a high chance that the Federal Reserve will cut interest rates this month and awaited a fresh set of economic data.Market SnapshotAt 7:50 a.m. ET, Dow E-minis were up 126 points, or 0.27%, S&P 500 E-minis were up 19.25 points,...Tiger News
Wed, Dec 3
Macy’s Posts Strongest Growth in More Than 3 Years, but Strikes Cautious Note on Holidays
Macy’s on Wednesday beat Wall Street’s sales expectations for the third quarter in a row and posted its strongest growth in more than three years as the company’s turnaround strategy showed signs of momentum.The department store operator raised its full-year sales and earnings outlook after its bett...Tiger News
Wed, Dec 3
Sprinklr Q3 Results Beat Estimates
Sprinklr shares jumped 4.8% in premarket trading after earnings.Sprinklr press release (CXM): Q3 Non-GAAP EPS of $0.12 beats by $0.03.Revenue of $219.07M (+9.2% Y/Y) beats by $9.51M.Q3 Subscription Revenue of $190.3 million, up 5% year-over-yearRPO down 5% and cRPO up 3% year-over-year145 $1 million...Tiger News
Wed, Dec 3
iPhone 17 Will Drive Record Apple Shipments in 2025, IDC Says
Apple will hit a record level of iPhone shipments this year driven by its latest models and a resurgence in its key market of China, research firm IDC has forecast.The company will ship 247.4 million iPhones in 2025, up just over 6% year-on-year, IDC forecast in a report on Tuesday. That’s more than
Tiger News
Wed, Dec 3
Chinese ADRs Drop as Investors Await Policy Signals
Chinese ADRs dropped in premarket trading as investors awaited clearer signals from the world’s key central banks and Beijing that would shape the outlook for markets next year.Bilibili, Alibaba, and Trip.com fell 2%; XPeng, JD.com, and Baidu fell about 1%.Investors are now gearing up for the coming...Tiger News
Wed, Dec 3
Premarket Movers | American Eagle Surges 12%; Marvell Jumps 10%; CrowdStrike Falls 2%; GitLab Drops 8%; Pure Storage Sinks 11%
Apparel retailer American Eagle Outfitters issued bullish holiday guidance and raised its full-year forecast after posting better-than-expected quarterly results.The shares surged 11.6%.Marvell Technology stock jumped 10% after the chipmaker reported earnings and sales that exceeded Wall Street's ta...Tiger News
Wed, Dec 3
Crypto Stocks Rally as Bitcoin Rises Above $93,000
Crypto stocks rallied in premarket trading. American Bitcoin rose 16%; BitMine rose 5%; Bitfarms rose 4%; CleanSpark, SharpLink Gaming, Cipher Mining, IREN, and MARA Holdings rose 3%; Coinbase, Circle, Strategy, and Bullish rose 2%; Robinhood rose 1%. CleanSpark, Strategy, Cipher Mining, and Bitfa...Tiger News
Wed, Dec 3
Crypto Daily | Bitcoin Rebounds to $94K; Crypto Firm Tied to Trumps Sinks 38% as Lockup Ends; Strategy CEO Says Reserve Reduces Pressure to Sell Bitcoin
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsThe crypto market staged a broad rebound, with most sectors rising between 3% and 12% in the past 24 hours, led by a sharp 11.87% jump in NFTs as Pudgy Penguins and...Tiger News
Wed, Dec 3
Australia’s Economic Growth Remains Weak but Reserve Bank Can’t Cut Interest Rates
Australia’s economic growth has accelerated but is still historically weak during a time of high inflation and heightened government spending, leaving the Reserve Bank little room to cut interest rates to stimulate demand.Gross domestic product grew 2.1 per cent in the year ended September 30, an im...Tiger News
Wed, Dec 3
HK Movers｜CHALCO Shares Jumped 6% after Planning to Acquire Yunnan Aluminium Yongxin and Two Other Subsidiaries to Strengthen Control
CHALCO Shares Jumped 6% after Planning to Acquire Yunnan Aluminium Yongxin and Two Other Subsidiaries to Strengthen ControlCHALCO recently announced that Yunnan Aluminium will acquire shares of Yunnan Aluminium Yongxin, Yunnan Aluminium Runxin, and Yunnan Aluminium Hongxin from Yunnan Metallurgical ...Tiger News
Wed, Dec 3
Rates Cap on Local Councils "Credit Negative" S&P Global Ratings Says
Following the Government’s proposal to introduce a cap on local government rates, credit rating agency S&P Global Ratings says a cap on annual increases could strain the finances of New Zealand’s “debt-laden local councils.”“Unless the cap is matched over time with cuts to spending growth, we believ...Tiger News
Wed, Dec 3
24H｜Crypto Stocks Jump; American Bitcoin up 7%; BMNR, IREN up 3%; Marvell Jumps 9%; American Eagle Outfitters Soars 11%; GitLab Sinks 9%; CrowdStrike Falls 2%
Crypto stocks jumped in overnight trading.American Bitcoin rose 7%; Upexi rose 4%; BMNR, IREN rose 3%; Strategy, MARA, Circle up 2%; Coinbase, SBET up 1%.Chipmaker Marvell Technology said on Tuesday it will buy semiconductor startup Celestial AI in a deal worth $3.25 billion and gave a bullish fore...Tiger News
Wed, Dec 3
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