Snowflake Inc.

Why an analyst says sell these four big software stocks

Salesforce Inc.’s stock gets a lot of love on Wall Street, with 43 of the 49 covering analysts tracked by FactSet rating the shares the equivalent of buy. But Guggenheim analyst John DiFucci bugged the trend in a big way, beginning coverage of the software giant at sell. The initiation was one of four bearish …

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Amazon, Apple, Tesla, Netflix, Twitter

Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said the ride-sharing companies need to prove that profitability is sustainable. “For Uber profitability growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. … . For Lyft , profitability …

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Nike, Spirit Airlines and more

Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts’ estimates amid increased promotional activity and ongoing disruptions in its profitable Chia market. Spirit Airlines (SAVE) …

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WeWork, Snowflake, United Airlines, Rite Aid and more

General view of WeWork Weihai Road flagship is seen on April 12, 2018 in Shanghai, China. World’s leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million US dollars. (Photo by Jackal Pan/Visual China Group via Getty Images) VCG | Getty Images Check out the companies making headlines in midday trading …

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Accenture, Darden Restaurants, FactSet and more

Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were impacted by the cost of its Russia exit. Accenture raised its full-year revenue forecast but cut the top end of its projected earnings range due …

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Snowflake, Apple, Amazon, Nike, Robinhood

Here are Wall Street’s biggest calls on Wednesday: Goldman Sachs initiates Wheels Up as buy Goldman said in its initiation of the on-demand private jet company that it sees an attractive entry point. ” Wheels Up is a leading company in an established and growing end-market, but one that is also fragmented and has substantial …

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Baidu, MicroStrategy, Moderna and more

Check out the companies making headlines before the bell: Baidu (BIDU) – Baidu shares jumped 4.1% in premarket trading after Reuters reported the China-based internet search giant is in talks to sell its controlling stake in the video streaming company iQIYI (IQ). iQIYI fell 3.4%. MicroStrategy (MSTR) – MicroStrategy lost 2.2% in the premarket as …

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Cloud stocks mount rally led by UiPath, as investors see market bottom

Daniel Dines, CEO, UiPath at company’s IPO at the New York Stock Exchange, April 21, 2021. Source: NYSE Cloud stocks rally on Thursday, with more than a dozen vendors notching gains of 10% or more, as investors used an upbeat day on Wall Street to snap up shares of companies that have been beaten down …

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Tiger Global drops 14% in May during the tech sell-off, pushing hedge fund’s 2022 losses to over 50%

Chase Co.’s Tiger Global Management has a huge ‘loss’ in May amid selloff, making the hedges tough 2022 even. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over 50%, a source familiar with the return told CNBC’s David Faber. In the first quarter, Tiger Global doubled down …

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Recession-fearing investors keep slashing fastest-growing cloud stocks

Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in New York on Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Tech investors finally got some relief this past week, as the Nasdaq broke a seven-week losing streak, its worst stretch since the dot-com bust …

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