Consumer Discretionary

Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings

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Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 -11.1% Benchmark $350 → $425 Maintains Sell 01/18/2024 13.16% Seaport Global $482 → $541 Maintains Buy 01/18/2024 -0.64% Piper Sandler $400 → $475 Maintains Neutral 01/18/2024 17.14% UBS $500 → $560 Maintains Buy 01/17/2024 22.36% B of A Securities $525 → $585 Maintains Buy 01/17/2024 14% Keybanc $525 → $545 Maintains Overweight 01/12/2024 25.5% Oppenheimer $475 → $600 Maintains Outperform 01/09/2024 4.59% Goldman Sachs $400 → $500 Maintains Neutral 01/09/2024 18.39% BMO Capital → $566 Initiates Coverage On → Outperform 01/09/2024 4.59% Citigroup → $500 Downgrades Buy → Neutral 12/28/2023 9.81% Keybanc $510 → $525 Maintains Overweight 12/22/2023 3.54% DZ Bank → $495 Downgrades Buy → Hold 12/21/2023 9.81% Wedbush → $525 Reiterates Outperform → Outperform 12/18/2023 15.04% Morgan Stanley $475 → $550 Maintains Overweight 10/19/2023 -0.64% Morgan Stanley […]

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Delta Air Lines to Move Forward With Boeing 737 Max 10 Order

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Delta Air Lines (DAL) plans to move forward with its order for 100 Boeing 737 Max 10 aircraft, CNBC reported Friday, citing Delta CEO Ed Bastian. Delta ordered the aircraft in 2022 and deliveries are expected to begin in 2025, the report said. The Max 10 is the largest model of Boeing 737 and has still not received approval from regulators, according to the report. Boeing is facing issues related to the Max 9 aircraft as it was grounded by the Federal Aviation Administration following an incident on an Alaska Airlines flight on Jan. 5. “We certainly will not take them ’til we have 1,000% confidence that that plane is fully secure, fully safe and…everyone has signed off to that,” Bastian told CNBC. Delta and Boeing did not immediately respond to MT Newswires’ requests for comment. Delta shares were down nearly 3.2% in recent Friday trading.

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Costco’s Screaming Deal: Bargains Meet Luxury As Screaming Eagle Wine Lands On Warehouse Shelves

/ / Consumer Discretionary /

Costco, the retail giant known for bulk buys and unbeatable bargains, is adding a touch of luxury to its aisles with the addition of the exclusive and coveted Screaming Eagle wine. Not that $3,699 for a bottle of the Screaming Napa Valley Cabernet Sauvignon is cheap — the average price of a 2018 bottle of the wine is $4,720, according to Wine Searcher. Considered a rare find, Screaming Eagle wine ranks as America’s second most expensive wine on Wine Searcher. Screaming Eagle has 57 acres of vineyards and an annual production of about 500 cases, according to VinePair. The waiting list for the wine is so long that the vineyard can’t give a firm timeframe for delivery, according to the Screaming Eagle website. Don’t Miss: Many NBA players, including LeBron James, have ventured into fine wine investments as an alternative asset. Now you can too with just $25. Investing in

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EV Bloodbath Continues. Tesla Stock Set for Disappointing Record. — Barrons.com

/ / Consumer Discretionary /

The start of the year hasn’t been great for electric-vehicle enthusiasts. The cold in Chicago stranded some unlucky EV drivers. Tesla has cut prices in China and Europe. Ford Motor is scaling back production of its F-150 Lightning electric truck in the U.S. Worst of all, the stocks of EV producers have just been terrible in January, and Friday trading is no exception. Tesla stock was down 1.6% in midday Friday trading at $208.51. That’s left shares down 16% so far in January. The S&P 500 and Nasdaq Composite were up 0.5% and 0.6%, respectively. Tesla is on the cusp of an ignominious record. If shares clos lower on Friday, it will be the 10th trading day of losses out of the first 12 — the worst start of any year in Tesla’s history. Shares fell nine out of the first 12 trading days to start 2015 and 2016. Still,

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Rising Home Prices A Tailwind For Home-Improvement Retailers

/ / Consumer Discretionary /

Despite lower housing turnover in December, the latest home sales report still has some positive signs for home-improvement retailers. DA Davidson analyst Michael Baker says in a research note that home prices are historically a more significant driver of sales than home turnover for retailers like Home Depot and Lowe’s. Home prices increased 4.4% from a year ago on average in December, the sixth-straight month of year-on-year increases and an acceleration on a year-over-year basis, according to DA Davidson. Firmer home prices will likely help those retailers’ sales. Baker says the report could be an early sign of nearing an inflection point for home-related stocks. Home Depot rises 0.8%, while Lowe’s gains 0.9%.

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Ford Motor to Trim F-150 Lightning Electric Pickup Production, Boost Other Vehicle Output

/ / Consumer Discretionary /

Ford Motor (F) said Friday it is lowering the production of its F-150 Lightning electric pickups to match customer demand while increasing the output of certain other vehicles. The decision to cut F-150 Lightning output comes as the automaker seeks to achieve “the optimal balance” of production, profitability, and sales growth, it said in a statement. The company sees continued growth in global electric vehicle sales this year, though less than projected. Earlier this month, Ford logged an annual gain in fourth-quarter US vehicle sales, pushing its full-year sales to the best level since 2020. Fourth-quarter F-150 Lightning sales surged 74% year over year, while 2023 sales jumped 55%. On Friday, the company forecast “further growth” for the F-150 Lightning EV this year. “Customers love the F-150 Lightning,” Ford Chief Executive Jim Farley said. “We see a bright future for electric vehicles for specific consumers, especially with our upcoming digitally

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United Airlines Gears Up For Q4 Earnings

/ / Consumer Discretionary /

United Airlines Holdings Inc (NASDAQ:UAL), will be reporting its fourth-quarter earnings on Monday, Jan. 22. Wall Street is expecting the company to report $1.70 in EPS and $13.53 billion in revenues, as it reports after market hours. The company is a major airline known for its extensive domestic and international flight network. As one of the largest airlines globally, United is recognized for its widespread route coverage, modern fleet, and its frequent flyer program called MileagePlus. United Airlines’ stock is down over 19% over the past year. Business & Fundamentals: United Airlines stands out for its strategic resilience and adaptability in the challenging airline industry. While the low-cost sector faces headwinds, United’s unique approach during the pandemic could potentially position it for future growth. Unlike competitors who retired aircraft, United maintained its fleet and staff, anticipating a swift demand rebound. This strategy paid off in 2022 when international demand surged, boosting the

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Walmart Is Reportedly Closing Its Innovation Hub. It’s the Latest in Retailer Cost Cuts.

/ / Consumer Discretionary /

By Bill Peters ‘We’ve graduated capabilities from this operating approach that are now fully embedded in our organization,’ company says in memo, according to the Wall Street Journal Walmart Inc. will shut down Store No. 8, the big-box retailer’s startup incubator and innovation hub, the Wall Street Journal reported on Friday. It’s the latest move by a retailer to trim expenses and protect profits as shoppers continue to grapple with higher prices. Chief Financial Officer John Rainey told employees in a memo that much of what Store No. 8 did had already been incorporated into the company’s operations as a whole, the Journal said. “We’ve graduated capabilities from this operating approach that are now fully embedded in our organization,” Rainey said in the memo, according to the Journal. “The responsibility to shape the future of retail is now shared by all segments,” he continued. Walmart launched Store No. 8 in

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Airbnb (NASDAQ:ABNB) Stock Analyst Ratings

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Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/17/2024 12.65% Mizuho $130 → $150 Maintains Neutral 01/09/2024 0.64% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -24.9% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 5.14% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 2.14% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 20.17% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -11.38% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -7.62% Piper Sandler $142 → $123 Maintains Neutral 11/02/2023 -21.14% Morgan Stanley $110 → $105 Maintains Underweight 11/02/2023 1.39% Wedbush $145 → $135 Maintains Neutral 11/02/2023 12.65% Needham $160 → $150 Maintains Buy 10/31/2023 -2.37% Mizuho $150 → $130 Maintains Neutral 10/24/2023 — Seaport Global Initiates Coverage On → Neutral 10/03/2023 — Keybanc Downgrades Overweight

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Netflix Declared Victor in ‘Streaming Wars’

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Netflix is poised to strengthen its position as the leading streaming service due to changes in the last 18 months that include evolving industry dynamics, talent strikes and an investor focus on profitability. “These changes (e.g., reducing content spend/output, increasing third-party licensing) have been a tacit acknowledgement that not all media companies will be able to achieve Netflix’s global reach and scale in streaming,” BofA Research Analyst Jessica Reif Ehrlich says in a note. “It is becoming increasingly clear that Netflix has won the ‘streaming wars.’” Since Netflix can now buy more from outside providers it won’t have to finance as much new production and can instead spend on established content, Reif Ehrlich says. BofA raises its price target to $585 from $525.

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Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings

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Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/17/2024 22.66% Mizuho $63 → $77 Maintains Buy 01/16/2024 0.36% Needham → $63 Reiterates Buy → Buy 01/12/2024 24.25% Goldman Sachs $59 → $78 Maintains Buy 01/11/2024 24.25% Goldman Sachs $59 → $78 Maintains Buy 01/09/2024 9.92% BMO Capital → $69 Initiates Coverage On → Outperform 12/29/2023 -1.23% Nomura $59 → $62 Downgrades Buy → Neutral 12/19/2023 11.51% Keybanc $61 → $70 Maintains Overweight 12/04/2023 19.47% Oppenheimer $65 → $75 Maintains Outperform 12/01/2023 -1.23% JMP Securities → $62 Reiterates Market Outperform → Market Outperform 11/30/2023 0.36% Needham → $63 Reiterates Buy → Buy 11/30/2023 14.7% Tigress Financial $66 → $72 Maintains Buy 11/13/2023 -1.23% JMP Securities $57 → $62 Maintains Market Outperform 11/08/2023 -1.23% Morgan Stanley $60 → $62 Maintains Overweight 11/08/2023 -1.23% Roth MKM $61 → $62 Maintains Buy

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