Analysts at UBS just reiterated a buy rating on NVDA, with a price target of $205 ahead of earnings.
“We see FQ2 (Jul) revenue in the ~$46B range (or a similar ~$1B beat to last Q) and see FQ3 (Oct) revenue guided to ~$54-55B excluding China, or as much as ~$57B if China is included,” as quoted by CNBC.
Morgan Stanley reiterated an overweight rating on Target, noting the retailer is too attractive to ignore. “While TGT’s EPS power may not have bottomed, its real estate value, forward-positioned inventory, and AI use cases protect downside, making risk/reward attractive,” as also quoted by CNBC.
Loop analysts also reiterated a buy rating on Apple with a price target of $226. “Reiterating our Hold and lowering PT to $226 from $230 while updating our estimates to reflect mix shifts toward Pro/Pro Max models, lower air models and [average selling price] adjustments,” as quoted by CNBC.
Live coverage has ended. The full story is below.
Futures are pointing to a lower open again.
At the moment, the Dow is down 163 points. The S&P 500 is down about 19, with the Nasdaq down about 61 points.
“Markets are on a three-day losing streak as investors show fatigue following a 30% rally since April,” writes Mark Hackett, chief market strategist at Nationwide, as quoted by Barron’s. “We’re seeing a notable drop in leadership, with large-cap growth significantly lagging small caps and value this month.”
Markets are also a bit nervous ahead of Fed boss Jerome Powell’s speech on Friday at Jackson Hole. For one, the event has a history of serving as a negative catalyst. And two, investors desperately want to hear about the future of interest rate cuts.
Will we see just one cut this year, or three, as Federal Reserve’s Michelle Bowman argued for after a weaker-than-expected jobs report?
Solar and wind stocks are being pressured. All after President Trump said he would not approve solar or wind power projects. “We will not approve wind or farmer destroying Solar,” Trump, who has complained in the past that solar takes up too much land, posted on Truth Social, as quoted by CNBC. “The days of stupidity are over in the USA!!!”
Shares of Walmart are down about 3%, or by $3.07, in premarket.
All after the company posted second-quarter earnings that missed expectations. However, U.S. sales growth did manage to top forecasts.
EPS of 68 cents missed the estimates of 74 cents. Revenue did jump to $177.4 billion, which was above estimates of $176.05 billion. And, in its most recent quarter, WMT’s same-store sales jumped 4.6%, which was ahead of expectations of 4.2%.
For the full year, the company expects adjusted earnings to come in between $2.52 and $2.62. Wall Street was looking for $2.61 at the high end.
UBS also raised its price target on Nvidia ahead of earnings next week.
With a buy rating and a price target of $205, the firm sees the company posting about a $1 billion beat in revenue in its second quarter.
Most recently, Wells Fargo reiterated its overweight rating on Nvidia, raising its price target to $220 ahead of earnings. “With strong intra-qtr demand data points + reports of approved licenses to resume H20 sales into China, we increase our ests (above street) ahead of NVDA’s upcoming (8/27) F2Q26 print,” as quoted by CNBC.
Contact [email protected] for any questions or corrections.
Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
Markets are in the green early this morning. Granted, Advanced Micro Devices’ second-quarter earnings miss is a drag. However, the Nasdaq is still in the positive. AMD Missed on Earnings. Some Analysts Still Raised…
Markets are slipping again. At the moment, Dow futures are down 49 points. The S&P 500 is down about seven, with the Nasdaq slipping by about 34 points. Most of the downside is being…
After days of swimming in red, the S&P 500 is up about 12 points in the pre-market. The SPDR S&P 500 ETF (SPY) is up about two points. Meanwhile, the Dow is up 38…
The Nasdaq is pushing even higher. Last trading at 23,995 in premarket, it could easily test 25,000 over the next few days. Helping, inflation data was tamer than expected, cooling investor fears that tariffs…
With uncertainty over the war, higher inflation, and oil prices back above $100, most of the major indices are red. The S&P 500, for example, is down about 0.08%, or about six points. The…
The S&P 500 is in the red this morning, down about 10 points. The SPDR S&P 500 ETF (SPY) is down about $1.66. Meanwhile, the Dow Jones is down 88 points, while the NASDAQ…
Futures are down at the moment. The S&P 500 is down about 0.27%. However, the SPDR S&P 500 ETF (SPY) is up fractionally. The Dow just turned positive as the tech-heavy Nasdaq slips 0.23%.…
The tech-heavy Nasdaq is up about 53 points in premarket. Fueling upside are the trade war agreements with the European Union, and hopefully with China ahead of the August 1 deadline. Earnings have also…
Wells Fargo just reiterated its overweight rating on Nvidia, raising its price target to $220 ahead of earnings. “With strong intra-qtr demand data points + reports of approved licenses to resume H20 sales into…
