Bernstein: Maintain Tesla’s underperforming rating Demand challenges will continue in 2023

/ / Consumer Discretionary / ,

Bernstein analyst Toni Sacconaghi noted that despite positive price discounts, Tesla Q4 deliveries were 405,000 units, below consensus expectations of 418,000 units. Tesla is facing “significant demand issues,” with Q4 book value likely to be less than 0.65 times despite the significant price cuts. Analysts expect demand challenges to persist in 2023, especially with the exception of the 7-seater Model Y, which currently appears to have “no Tesla model” eligible for any Inflation Reduction Act (IRA) tax refund. Analysts said they were “more entangled” with Tesla stock. He believes that many investors are underestimating the scale of the demand challenge facing Tesla and that the 2023/2024 numbers could reset significantly. Sacconaghi is also concerned that the market could come under broader pressure amid rising interest rates/slowing consumer spending, continuing to disproportionately impact highly valued stocks such as Tesla. He maintained the stock’s underperform rating with a $150 price target.

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JPMorgan Chase: Lowered Tesla’s price target to $125 and maintained its underweight rating

/ / Consumer Discretionary / ,

JPMorgan analyst Ryan Brinkman will cut Tesla’s price target to $125 from $150 and maintain an underweight rating on the stock. The analyst lowered his expectations after Tesla reported fourth-quarter deliveries slightly above his model, arguing that new car deliveries appear to come at the cost of higher incentives, suggesting lower pricing and profit margins. In addition, the analyst told investors in a research note that fourth-quarter deliveries fell short of consensus expectations, dragged down by lower pricing, and consensus expectations for fourth-quarter earnings of $1.19 per share could be revised downward. He expects the stock’s multiples to shrink further as the company’s growth expectations slow.

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CVS Health (NYSE:CVS) Stock Price Trend Forecast and Trading Range 2023.1.3

/ / Consumer Staples /

CVS Health (NYSE:CVS) Stock Price Trend Forecast and Trading Range： 2023.1.3 From the stock price chart analysis, today’s stock price opened low and continued to rise, closing unchanged from the previous trading day.Stock prices are in a downtrend in the short term, it is not recommended to buy and hold. The outlook for medium-term and long-term earnings is too uncertain and short-term returns are low. It is recommended to wait patiently for the right trading opportunity. From the analysis of financial statements, the revenue in the third quarter of fiscal 2022 was $81.159 billion, YoY +9.98%, net profit was -$3.416 billion, EPS was -$2.6. Quarterly dividend of $0.55 per share. The revenue loss was mainly due to compensation for a one-time loss, and adjusted earnings per share were 6% higher than the same period last year. The best medium to long term buying price is between $75-$85. (Note: The upper

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Evercore ISI Downgrades CVS Health to In-Line, Lowers Price Target to $100

/ / Health Care / ,

Evercore ISI analyst Elizabeth Anderson downgraded CVS Health (CVS) from outperform to be in line with the market, lowering its price target to $100 from $120. Anderson told investors in a research note that a channel check conducted during Medicare Advantage enrollment showed that CVS Health’s 2023 plan offerings were competitive. The analyst said that while the inspection results showed that the company’s Aetna was doing well in some regions, its share growth did not appear to be strong compared to previous years. Anderson believes CVS Health’s valuation in 2023 will bounce back in a relative range pending greater certainty in the final portfolio.

Evercore ISI Downgrades CVS Health to In-Line, Lowers Price Target to $100 Read Post »

Qualcomm (NASDAQ:QCOM) stock price trend forecast and trading range -2023.1.3

/ / Technology /

Qualcomm Inc.(NASDAQ:QCOM) stock price trend forecast and trading range: 2023.1.3 From the stock price chart analysis, the semiconductor index is weaker than the NASDAQ index, and the stock price continues to fall after opening high today, although it has not fallen below the support  for the time being, but it is a matter of time, the probability of the stock price falling below the support is high. Short-term trading strategies sell to reduce risk and wait for increased certainty in the stock price before trading. Medium-term and long-term trading stock prices have a higher risk of falling and are not recommended to be held at present. From the analysis of financial statements, the revenue in the fourth quarter of fiscal 2022 was 11.395 billion US dollars, the market estimate was 11.37 billion US dollars, YoY + 22.05%, net profit was 2.873 billion US dollars, YoY + 2.68%, EPS 2.53 US

Qualcomm (NASDAQ:QCOM) stock price trend forecast and trading range -2023.1.3 Read Post »

Microsoft (NASDAQ:MSFT) Stock price trend forecast and trading range -2023.1.3

/ / Technology /

Microsoft Corp. (NASDAQ:MSFT) Stock price trend forecast and trading range: 2023.1.3 From the stock prices chart  analysis of , today’s stock price opened high and then rapid rise followed by continuous decline, and the closing price was the same as the previous trading day. The recent stock price continues to be between $235-$260, and the current stock price is in the lower band of the range, which is a relatively safe  selling high and buying low . Short-term trading suggests repeatedly selling high and buying low between $230-$248, with a stop loss price of $230. If the share price falls below $230, the stock price may enter a new volatility range. The probability of a short-term upward breakout of the stock price is low. The medium and long trading strategies maintain a small position with a target price above $260. From a fundamental point of view, Q4 2022 achieved revenue

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S&P global Rob Dobson, commented on the UK’s manufacturing PMI for December

/ / Financials

Rob Dobson, director of S&P Global, commented on the UK manufacturing PMI for December: The downturn in UK manufacturing worsened at the end of the year. Supply chain issues continued to have an impact as new orders flowed down, with output shrinking at its fastest pace in the past 14 years. The magnitude of the decline in new business is worrying due to weak domestic demand and a further significant decline in new orders from overseas.

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Starbucks (NASDAQ:SBUX) stock price trend forecast and trading range -2023.1.3

/ / Consumer Discretionary /

Starbucks (NASDAQ:SBUX) stock price trend forecast and trading range analysis: 2023.1.3 From the stock price chart analysis, the recent stock price continues to be in the medium-term uptrend, the recent stock price moved between $95 and $105, short-term trading strategies can sell high and buy low above the support,  or hold. If the stock price breaks above the $105 pressure upwards, the target price can be raised to $120. From the analysis of financial statements, the revenue in the fourth quarter of fiscal 2022 was $8.414 billion, the market estimate was $8.32 billion, YoY+3.28%, net profit was $878 million, YoY-50.22%, EPS was $0.76, YoY-48.99%. Quarterly dividend of $0.53 per share. Adjusted earnings per share for the fourth quarter were $0.81, versus market estimates of $0.72, compared to $0.99 from Q4 2022. The brand advantage is obvious, the business continues to recover, but the stock price is not cheap, and the

Starbucks (NASDAQ:SBUX) stock price trend forecast and trading range -2023.1.3 Read Post »

Apple (NASDAQ:AAPL) Stock price trend forecast and trading range -2023.1.3

/ / Technology /

Apple Inc.(NASDAQ:AAPL) Stock price target trend forecast and trading range analysis: 2023.1.3 From the stock price chart  analysis, Nikkei reported that the supply chain cut lowered orders again, and the stock price continued to fall today, falling below $130 again, and the stock price has fallen below the previous support. Short-term trading has a lower chance of profitability, and it is not recommended to rebound until the stock price has rebounded above the 20-day moving average. At present, the short-term profit opportunity of long-term buying and holding in the stock price is low, and it is not recommended, and the medium-term and long-term profit opportunity is higher. Last time I predicted that the stock price was under significant long-term pressure, it was only a matter of time before it fell below $130, and the current stock price trend was confirmed. From Analysis from financial statements, Q4 2022 achieved revenue of

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Broadcom (NASDAQ:AVGO) stock price trend forecast and trading range -2023.1.3

/ / Technology /

Broadcom (NASDAQ:AVGO) stock price trend forecast and trading range: 2023.1.3 From the stock price chart analysis,  its support is $540,its resistance is $580.there is a well-established trading range between $548 and $559,the stop-loss price is $540,the short-term trading price target is $559,If the stock price bounces above $546, you can buy again,The trading strategy can be to sell high and buy low or to hold the shares until the share price reaches above the target price.if the stock price moves into below $540,next its resistance is $500 and its price maybe move into between $480 and $520.The probability of a medium-term and long-term decline in stock prices is high.From Analysis from financial statements, Revenue for the fourth quarter of fiscal 2022 was $8.93 billion, market estimate was $8.90 billion, YoY+20.56%, net profit was $3.311 billion, YoY+72.99%, EPS was $7.8104, YoY+75.96%. The market is worried about the demand for consumer electronic

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Nikkei: Apple’s three major product lines cut orders Weakening demand is the main reason

/ / Technology /

According to Nikkei, Apple notified suppliers to cut production of AirPods, Apple Watch and MacBook components this quarter, citing weakening demand. This is the latest Apple cut news after the iPhone 14 series was reported to be due to poor sales of entry-level models, and Apple reduced related orders. Industry insiders pointed out that iPhone, AirPods, Apple Watch, MacBook are Apple’s four most important hardware products, if the four major product lines are facing the risk of cutting, highlighting the global consumer product market is worse than expected.

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