‘Wait, What Do They Do?’ Mizuho Starts Upstart at Underperform, Expects ‘More Pain’ By Investing.com

© Reuters. By Senad Karaahmetovic  Mizuho analysts initiated research coverage on Upstart (NASDAQ:) with an Underperform rating and a $17 per share price target, signaling a downside potential of about 20%. The analysts expect “more pain in coming quarters” after UPST shares fell 95% from the peak. The company’s CEO Dave Girouard said earlier this … Read more

Tesla Falls 3% After Cutting Prices in China, Analyst Expects Volume Sales to Improve By Investing.com

© Reuters. By Senad Karaahmetovic Tesla (NASDAQ:) announced today it slashed prices of China-made basic Model 3 and Model Y. Model 3 will now start from 265,900 yuan (down from 279,900) while Model Y’s new price is 288,900 yuan, down from 316,900. These cuts partly offset price hikes imposed earlier this year. Lower prices may … Read more

Goldman Expects Further Dollar Strength, Says Peak ‘Feels Several Quarters Away’ By Investing.com

© Reuters. By Senad Karaahmetovic  Goldman Sachs strategists expect to witness further U.S. dollar strength over coming months amid continued Fed hikes, as well as a “resilient US growth/inflation mix.” Historically, the tends to weaken significantly when activity bottoms, in conjunction with the easing Fed. This type of environment would allow the dollar to weaken … Read more

IMF expects inflation in India to come down to 4% range next year

Daniel Leigh, the IMF’s head of World Economic Studies Division, said at a news conference on Tuesday, “We do expect that inflation will come back into the inflation tolerance band 4 per cent in fiscal year 2023-2024, and additional monetary tightening is going to ensure that that happens.” IMF’s chief economist Pierre-Olivier Gourinchas said, “Inflation … Read more

Goldman Expects AMD to Cut its FY Forecast This Month, Says Headwinds are Priced In By Investing.com

© Reuters By Senad Karaahmetovic Goldman Sachs cut price targets on Advanced Micro Devices Inc (NASDAQ:) and Intel Corporation (NASDAQ:) to reflect slashed CPU volume assumptions. The PC market is experiencing near-term weakness; hence estimates are lowered to reflect the ongoing market trends. The price target on AMD is cut to $88 per share from … Read more

Susquehanna Expects a Decline in NetApp Hybrid Cloud Revenues By Investing.com

© Reuters. By Sam Boughedda Shares of NetApp (NASDAQ:) were downgraded to Neutral from Positive at Susquehanna by an analyst on Monday. In a wide-ranging note on technology hardware stocks, the analyst said their newly introduced FY24 estimates for NetApp reflect a mid-single-digit year-over-year decline in hybrid cloud revenues, mainly driven by a decrease in product … Read more

Bernstein Expects EV Battery Demand to Rise; Will IRA Budget be Enough? By Investing.com

© Reuters. By Michael Elkins When U.S. President Joe Biden signed the Inflation Reduction Act (IRA) into law in August, he called it “an historic step to fight inflation, lower costs, and create jobs that corporations can’t ship overseas.” The law was designed to do several things, not least of which was to combat climate … Read more

Anthony Joshua expects Tyson Fury fight contract ‘in next couple of days’ and broadcaster situation ‘extremely positive’

ANTHONY JOSHUA expects to have a contract to fight Tyson Fury “in the next couple of days” – paving the way for the Battle of Britain. AJ’s promoter Eddie Hearn held talks with Frank Warren’s son George last week, where a “take it or leave it” deal was offered. 4 Anthony Joshua expects to have … Read more