Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings

/ / Technology /

Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 25.41% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 01/23/2024 25.41% Cantor Fitzgerald → $775 Initiates Coverage On → Overweight 01/19/2024 13.27% Raymond James $600 → $700 Maintains Strong Buy 01/18/2024 27.83% Tigress Financial $560 → $790 Maintains Buy 01/16/2024 19.74% Keybanc $650 → $740 Maintains Overweight 01/03/2024 -33.66% DA Davidson → $410 Initiates Coverage On → Neutral 11/22/2023 5.18% Oppenheimer → $650 Reiterates Outperform → Outperform 11/22/2023 7.61% Stifel $600 → $665 Maintains Buy 11/22/2023 1.13% Susquehanna → $625 Reiterates Positive → Positive 11/22/2023 -6.15% UBS $560 → $580 Maintains Buy 11/22/2023 — Edward Jones Downgrades Buy → Hold 11/22/2023 1.13% Mizuho $590 → $625 Maintains Buy 11/22/2023 1.13% Benchmark → $625 Reiterates Buy → Buy 11/22/2023 5.18% BMO Capital $600 → $650 Maintains Outperform 11/22/2023 -2.91% Wedbush → […]

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Starbucks Likely to See Slowing US Momentum, ‘Pressured’ China Trends in Fiscal Q1, UBS Says

/ / Consumer Discretionary /

Starbucks (SBUX) is expected to see slowing US momentum and “pressured” China sales trends in fiscal Q1, along with potential updates to fiscal year 2024 guidance, UBS said in a note. The coffeehouse chain will report its earnings results on Tuesday. “Concerns about slowing US trends to exit the quarter and more difficult F2Q comparisons have investors mixed on whether FY24 guidance for comps of 5% to 7% and adjusted EPS of 15% to 20% will be reduced or reiterated,” UBS analysts said. They said valuation of the stock is undemanding, and the company remains well positioned long term with an attractive growth profile, but they kept their neutral rating for now, pointing to uncertainty around expected US and China sales pressures. Price: 93.09, Change: +0.29, Percent Change: +0.31

Starbucks Likely to See Slowing US Momentum, ‘Pressured’ China Trends in Fiscal Q1, UBS Says Read Post »

McDonald’s 4Q Results Likely Impacted by Middle East Conflict

/ / Consumer Discretionary /

McDonald’s is expected to post 4Q results that include negative impacts from ongoing conflict in the Middle East, Baird analysts say in a research note. They expect the rest of the business to deliver a good performance and show solid overall operating momentum in the new year once the fast-food giant gets past a difficult 1Q comparison. But the analysts are trimming their 4Q estimates to reflect expectations for weakness in the Middle East, along with softer trends in Japan and uncertainties about China.

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Franklin Resources(BEN.US) Q1 2024 Earnings Conference

/ / Financials /

The following is a summary of the Franklin Resources, Inc. (BEN) Q1 2024 Earnings Call Transcript: Financial Performance: Franklin Resources reported an effective fee rate of 39.7 basis points, higher than the expected 39 basis points, due to Lexington catch-up fees. Total compensation and benefits, including Putnam, are expected to be around $815 million for the second fiscal quarter. Fiscal year 2024 is forecast to see a 1-2% increase from 2023, excluding Putnam. With Putnam included, but excluding performance fees, the total adjusted operating expenses for FY 2024 are expected to be around $4.55 billion to $4.6 billion. The firm expects to save between $85 million to $100 million on expenses by end of fiscal 2024 and at least $150 million by end of 2025. Q1 2024 saw a 6% increase in Assets Under Management (AUM), reaching $1.46 trillion. Business Progress: Franklin Resources closed on the acquisition of Putnam on

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Visa Inc. (NYSE:V) Stock Analyst Ratings

/ / Industrials /

Visa Inc. (NYSE:V) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 16.39% Barclays $304 → $319 Maintains Overweight 01/26/2024 18.94% Susquehanna $300 → $326 Maintains Positive 01/26/2024 14.93% UBS $305 → $315 Maintains Buy 01/26/2024 12.74% RBC Capital $290 → $309 Maintains Outperform 01/26/2024 14.93% Keefe, Bruyette & Woods $305 → $315 Maintains Outperform 01/26/2024 2.16% Wedbush $270 → $280 Maintains Outperform 01/26/2024 13.47% Raymond James $287 → $311 Maintains Outperform 01/18/2024 -3.31% Mizuho $243 → $265 Maintains Neutral 01/08/2024 9.46% Keybanc $275 → $300 Maintains Overweight 12/20/2023 — Monness, Crespi, Hardt Initiates Coverage On → Neutral 12/14/2023 11.28% UBS $295 → $305 Maintains Buy 12/12/2023 7.63% Jefferies $280 → $295 Maintains Buy 12/05/2023 2.16% BMO Capital → $280 Initiates Coverage On → Outperform 10/31/2023 -11.34% Mizuho $240 → $243 Maintains Neutral 10/30/2023 1.43% Barclays $285 → $278 Maintains Overweight 10/25/2023

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AMD Poised for In-Line Fourth Quarter Though First-Quarter Sales Could Miss Views, BofA Says

/ / Technology /

AMD’s (AMD) fiscal fourth-quarter results are expected to match Wall Street estimates, though its first-quarter sales could miss views as it faces a tough near-term setup, BofA Securities said Monday. The chipmaker is scheduled to report fourth-quarter results Tuesday, with BofA projecting adjusted earnings at $0.77 per share on sales of about $6.13 billion, largely in line with the Street’s views. BofA sees 2023 adjusted EPS at $2.65 on sales of $22.64 billion. The brokerage said that AMD’s server central processing unit likely gained share from rival Intel (INTC) during the quarter, with gains expected to continue in 2024, BofA analysts, including Vivek Arya, said in a note. The firm said there’s potential for first-quarter outlook miss versus Street estimates on weakness in AMD’s PC and field-programmable gate array segments. BofA cut its first-quarter sales expectations to $5.53 billion from $5.73 billion, below the Street’s view for $5.8 billion, according

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Nucor Reports Results for the Fourth Quarter and Full Year 2023

/ / Basic Materials /

Nucor Reports Results for the Fourth Quarter and Full Year 2023 PR Newswire CHARLOTTE, N.C., Jan. 29, 2024 — Fourth quarter and full year 2023 diluted EPS of $3.16 and $18.00, respectively. — Fourth quarter and full year 2023 net earnings before noncontrolling interests of $872.8 million and $4.91 billion, respectively; EBITDA of $1.36 billion and $7.41 billion, respectively. — 2024 expected to be another strong year as Nucor executes its strategy to grow the core and expand its portfolio of solutions. — Capital deployment expected to increase in 2024 with planned capital expenditures of $3.5 billion, continued evaluation of acquisitions, and share repurchases set to outpace the prior year. CHARLOTTE, N.C., Jan. 29, 2024 /PRNewswire/ — Nucor Corporation (NYSE: NUE) today announced consolidated net earnings of $785.4 million, or $3.16 per diluted share, for the fourth quarter of 2023. By comparison, Nucor reported consolidated net earnings of $1.14 billion,

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