All articles tagged with #stock rebound
Stock indexes showed slight movements as investors awaited the Federal Reserve's December meeting minutes, with gold and silver stocks attempting rebounds and some tech stocks like Palantir and Tesla improving from lows. The market was cautious ahead of the Fed's release, with minor gains in major indices and notable activity in precious metals and select stocks.
CoreWeave's stock has rebounded after a sharp decline, driven by new high-profile deals with Nvidia, OpenAI, and Meta, and strong revenue growth. Top investor Will Healy believes it’s not too late to buy, citing the company's robust growth trajectory and strategic partnerships, despite risks like high debt and expense growth. Wall Street analysts generally support the stock with a moderate buy rating and a 14% upside potential.
Apple stock has underperformed this year, but a potential rebound is expected due to strong demand for the iPhone 17 and upcoming AI features, with analysts raising their price targets and predicting a significant boost in stock value.
Cracker Barrel's stock (CBRL) rebounded following a reversal in its logo redesign, indicating a positive market response to the company's branding decision.
Amazon's stock is rebounding from support levels, driven by positive analyst sentiment and news of expanding grocery delivery services, including same-day perishables delivery in the US, which has boosted investor confidence despite recent challenges and a Q2 earnings dip. The stock offers an early entry point at 226.22 and is seen as a potential winner in the competitive grocery market, with analysts optimistic about its growth prospects.
Vertiv's stock rebounded after an initial drop caused by concerns over Amazon Web Services developing a liquid-cooling system, which analysts believe was an overreaction and that Vertiv's opportunities remain intact, possibly through partnership with AWS.
Super Micro Computer's stock has rebounded 39% since a sharp decline following President Trump's tariffs announcement, driven by strong demand for AI servers and international deals, with analysts raising price targets and highlighting ongoing growth in data-center and AI chip markets.
Nikola Corp's stock rebounded by 6% after Baird Equity Research initiated coverage with an outperform rating and a $2 price target, citing the potential of its new management team and proprietary design and software. Despite recent losses in the electric-vehicle sector, the company's leadership change and market potential for zero-emissions trucking are seen as positive developments. Analyst Ben Kallo also highlighted potential catalysts for Nikola's truck and energy units, while keeping an eye on the company's cash burn and liquidity.
Spirit Airlines shares surged 20% after announcing an appeal against a federal judge's ruling blocking its merger with JetBlue, which was intended to create the fifth-largest airline in the US. The judge cited reduced competition as the reason for the block. Despite the initial stock drop, Spirit's shares rebounded following the appeal and an improved financial forecast for the fourth quarter of 2023. JetBlue shares also rose slightly after the merger was blocked.
Carnival Corporation (CCL) shares are trading higher on Tuesday as the stock rebounds from a fall on Monday following the company's second-quarter earnings report. Multiple analysts have raised their price targets for Carnival, with Wells Fargo, Morgan Stanley, Susquehanna, and Citigroup all increasing their price targets on the stock.