A host of Wall Street analysts raised their price targets on Netflix (NFLX) stock after the internet television network’s bullish third-quarter earnings report. Netflix stock hit a record high on the news on Friday. Late Thursday, Netflix beat expectations for the September quarter and guided higher than views for the current quarter. It also added…
Nvidia (NVDA) executives say production of the company’s next-generation artificial intelligence processors, called Blackwell, is progressing on schedule and that the product is sold out for the next 12 months. Meanwhile, Nvidia stock is nearing a buy point. Nvidia Chief Executive Jensen Huang and members of his management team provided the reassuring guidance in meetings…
Affirm Holdings (AFRM) on Wednesday won an upgrade from Morgan Stanley while Barclays initiated coverage of Shift4 Payments (FOUR) with an overweight rating. Affirm stock jumped, while shares of Shift4 edged higher. Some financial technology stocks, notably PayPal Holdings (PYPL), are rebounding in 2024, but investors should be cautious on the sector. The biggest IBD…
Reddit Reddit RDDT $3.06 4.54% 178% IBD Stock Analysis Clearing 69.11 buy point in heavy volume Relative strength line not at highs, but on the upswing Revenue growth accelerating for past three quarters Composite Rating Industry Group Ranking Emerging Pattern Cup with Handle * Not real-time data. All data shown was captured at 11:25AM EDT…
China returned to the business of exerting influence over global markets this week, announcing a significant round of stimulus actions. The move was backed by pledges for further support and just ahead of the Shanghai Stock Exchange’s weeklong shutdown due to begin on Tuesday. China stocks led U.S. markets in early trade. China’s regulators on…
Toast Toast TOST $1.17 4.26% 163% IBD Stock Analysis Clears 27.88 buy point in heavy volume Restaurant software specialist profit ramping up Trying to exit long trading range after prior breakout failures Composite Rating Industry Group Ranking Emerging Pattern Consolidation * Not real-time data. All data shown was captured at 11:37AM EDT on 09/27/2024. Toast…
U.S.-listed China tech stocks are surging again Thursday, following reports the Chinese government is planning further stimulus to boost the world’s second largest economy. E-commerce giant JD.com (JD) stock broke out, while Alibaba (BABA), PDD Holdings (PDD) and Baidu (BIDU) added to recent rallies. ↑ X NOW PLAYING AI Levels Up: Inside The Chips Driving…