Qualcomm (NASDAQ: QCOM) Stock Analyst Ratings

/ / Technology /

Qualcomm (NASDAQ: QCOM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 15.33% Canaccord Genuity $152 → $175 Maintains Buy 01/18/2024 5.44% Rosenblatt → $160 Reiterates Buy → Buy 01/16/2024 2.15% Barclays $140 → $155 Maintains Overweight 01/16/2024 8.74% Keybanc $145 → $165 Maintains Overweight 01/12/2024 5.44% Citigroup → $160 Upgrades Neutral → Buy 12/08/2023 -13.01% Morgan Stanley $119 → $132 Downgrades Overweight → Equal-Weight 11/03/2023 -7.74% DZ Bank → $140 Upgrades Hold → Buy 11/02/2023 -7.74% JP Morgan $135 → $140 Maintains Overweight 11/02/2023 -7.74% Susquehanna $130 → $140 Maintains Positive 11/02/2023 -21.58% Morgan Stanley $129 → $119 Maintains Overweight 10/24/2023 -14.33% Susquehanna $140 → $130 Maintains Positive 09/14/2023 -4.44% Rosenblatt → $145 Reiterates Buy → Buy 09/14/2023 -4.44% Keybanc → $145 Reiterates Overweight → Overweight 09/12/2023 -34.1% Wells Fargo $95 → $100 Maintains Underweight 08/23/2023 -7.74% Mizuho → $140 Reiterates […]

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DoorDash Raising Delivery Fees in New York After Minimum-Wage Increase

/ / Technology /

DoorDash (DASH) has raised the commission rates it charges restaurants and other merchant partners and plans to soon boost the delivery fees customers in New York City pay to offset the impact of a recent increase in the minimum wage paid to delivery workers, the company said in an email statement this week to MT Newswires. The pay floor for delivery workers rose to $17.96 per hour last month after a measure approved last summel. In response, DoorDash said the commission rate for delivery orders rose Wednesday to 23% and to 8% for pickup orders, up from 20% and 5%, respectively — the maximum amounts allowed under the city’s pandemic-era delivery rules. DoorDash and rivals Uber (UBER) and Grubhub, the US subsidiary of Dutch tech company Just Eat Takeaway.com, all fought the minimum-wage increase while it was before the New York City Council and later in unsuccessful court fights. DoorDash,

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Meta’s Billion-Dollar Bet On Nvidia’s AI Chips Could Reshape The Tech Landscape And Catapult Stocks To Unprecedented Heights

/ / Technology /

Meta is making a significant investment in Nvidia’s AI chips, a move that positions Nvidia as a leading player in AI chip production. These sought-after H100 graphics cards from Nvidia, essential for advanced AI algorithm development and implementation, come with a high price tag. Nvidia’s engagement in AI has led to a remarkable surge in its stock value, with a 235% uptrend in 2023. Meta is investing substantially in Nvidia’s AI chips. This investment positions Nvidia as a leader in AI chip production. Meta aims to integrate 350,000 H100 graphics cards from Nvidia into their systems by the end of 2024. These high-performance graphics cards, sought after by many, carry a hefty price tag of over $30,000 and can exceed $40,000 on platforms like eBay due to their high demand. Yann LeCun, Meta’s Chief Scientist, has highlighted the essential role of GPUs (Graphics Processing Units) in advancing AI. The use

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International Business Machines (IBM) Shares Rise After Evercore Upgrade

/ / Technology /

International Business Machines (IBM) shares were about 2.5% higher in recent Friday trading after Evercore ISI upgraded its rating on the company to outperform from in line and raised its price target to $200 from $165. Trading volume stood at more than 4.0 million shares against a daily average of about 4.23 million shares.

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Schlumberger Limited (SLB) Q4 2023 Earnings Call Transcript Summary

/ / Energy /

The following is a summary of the Schlumberger Limited (SLB) Q4 2023 Earnings Call Transcript: Financial Performance: Schlumberger reported Q4 earnings per share of $0.86, an increase of $0.08 sequentially and $0.15 year on year. Full year 2023 revenue was $33.1 million, an 18% increase from 2022. Adjusted EBITDA margin for full-year 2023 was 24.5%, indicating an expansion of 430 basis points over this period on a similar revenue base. The Q4 revenue of $8.99 billion increased 8% sequentially, largely due to the acquisition of Aker subsea business. Cash flow from operations amounted to $3 billion, and free cash flow was $2.3 billion during Q4, resulting in full-year free cash flow of $4 billion. Net debt was reduced by $1.4 billion during the quarter, totaling $8 billion. Business Progress: Schlumberger acquired Aker subsea business, which accounted for about 70% of the Q4 revenue increase. For each division, digital and integration

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The Rally in Financial Stocks Has Paused. Why It Isn’t Too Late to Get In. — Barrons.com

/ / Financials /

By Jacob Sonenshine The rally in financial stocks is taking a breather. For investors who haven’t gotten into the sector yet, this might just be the best buying opportunity to come around. The Financial Select Sector SPDR fund, a diversified exchange-traded fund of financial companies on the S&P 500, gained 21% to a peak of $37.99 earlier this month from a multi-month low in October. But since that peak, the ETF — which owns asset manager BlackRock, investment banks JPMorgan and Goldman Sachs, more lending-focused banks Wells Fargo and Bank of America, and other financial giants — has retreated about 1%. Before the rally’s pause, a dip in short-term interest rates had driven financial stocks higher. Lower rates can boost consumer demand, a benefit for lenders, even though they reduce the rates that these banks can charge. Lower borrowing costs also help investment banks complete more deals. Falling rates help

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Broadcom’s VMware Overhaul Draws Attention of CIOs — WSJ

/ / Technology /

By Isabelle Bousquette Moves by Broadcom to shore up its $69 billion VMware acquisition, completed in November, include a streamlining of product bundles and new billing models — efforts in line with the chip giant’s past acquisitions, but not necessarily welcomed by all of VMware’s customers. Broadcom made its name by acquiring makers of a host of unsexy-but-essential microchips components, then cutting costs and leveraging the company’s growing pricing power. With the VMware acquisition, its largest, the San Jose, Calif.-based company is turning some of those tactics to enterprise software. In recent months, Broadcom’s VMware Cloud Foundation division, responsible for the company’s flagship infrastructure software, shaved its offerings from nearly 1,000 to just two bundles, and ended perpetual license sales, one-time payments for indefinite use of software, in favor of a full subscription payment model, the company confirmed. Broadcom has also recently laid off at least hundreds of VMware workers,

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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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Apple Vision Pro Presale Started Today. Early Demand Signs Are Unclear. — Barrons.com

/ / Technology /

Eric J. Savitz Apple on Friday began taking pre-orders for the Vision Pro, the company’s new mixed-reality headset, which starts shipping to buyers on Feb. 2. On some social-media platforms, fanboys posted that they were so excited about the new device, and so worried about a perceived limited supply of the new product, that they set alarms (no doubt on their iPhones and Apple Watches) to get up by the 5 a.m. Pacific time launch to stand in a virtual line to get one. Expect the first real indications of early demand to come one day before the shipments start — Apple will report December quarter financial results after the stock market closes on Feb. 1. But it looks like the Apple fanatics really could have slept in. Evercore ISI analyst Amit Daryanani wrote in a brief research note Friday that “initial signs” point to strong demand for the device.

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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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Franklin Resources (NYSE:BEN) Stock Analyst Ratings

/ / Financials /

Franklin Resources (NYSE:BEN) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 -13.85% Morgan Stanley $22 → $24 Maintains Underweight 01/10/2024 7.68% UBS $26 → $30 Maintains Neutral 01/08/2024 7.68% Wells Fargo $24 → $30 Upgrades Underweight → Equal-Weight 01/04/2024 14.86% TD Cowen → $32 Initiates Coverage On → Market Perform 11/02/2023 -21.03% Morgan Stanley $23 → $22 Maintains Underweight 10/11/2023 -13.85% Deutsche Bank $26 → $24 Maintains Hold 10/06/2023 -17.44% Morgan Stanley $24 → $23 Maintains Underweight 08/08/2023 -13.85% Morgan Stanley $23 → $24 Maintains Underweight 08/01/2023 -12.06% Goldman Sachs $21.5 → $24.5 Maintains Sell 07/31/2023 -12.06% Goldman Sachs $21.5 → $24.5 Maintains Sell 07/31/2023 -3.09% BMO Capital $24 → $27 Maintains Market Perform 07/25/2023 -17.44% Morgan Stanley $23 → $23 Reiterates Underweight → Underweight 07/13/2023 -6.68% Wells Fargo $25.5 → $26 Maintains Underweight 07/12/2023 -17.44% Morgan Stanley $23 → $23

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