Top 10 Things to Watch on Wednesday, June 7th
1. There are two lawsuits against cryptocurrencies.Both civil: Binance and coin base (coin). The former has $2 billion at stake and looks like it could be the second SBF. Binance has disputed the allegations. The second is about registration. Coinbase will not be registered. The SEC says it must. Both will be decided by judges, not Congress, as Coinbase CEO Brian Armstrong wanted.
2. Raymond James doubts whether COIN can stay in business without some solution. Still, Ark Invest’s Kathy Wood continues to buy his stock anyway. She added more than $20 million to her bankroll on Tuesday as COIN shares fell 12%. Shares rebounded about 3% early Wednesday. Barclays, on the other hand, said the fine could be very meaningful for COIN. KeyBanc sees a long battle ahead.
3. Google Cloud says Mayo Clinic is using a new generative AI search tool that allows companies to create customized chatbots. Parent of Google alphabet (GOOGL) is the club name. CNBC’s technical team reminded us that Google Cloud and the Mayo Clinic entered his 10-year partnership in 2019.
Four. club holding meta platform (META) is beefing up its AI capabilities to power services like short-form reel videos to beat TikTok in its game. A new commentary explores Meta’s strategies to help reverse the tide of ad market share lost to TikTok.
Five. China’s May exports fell 7.5%. I think this is about the potential shrinking of China as a global power as the US moves away from its dependence on the world’s second largest economy. on Wall Street, S&P500 After recording the highest closing price since August last year, it is expected to start slightly higher.of Nasdaq On Tuesday, it closed as high as 2023.
6. What Bernstein Likes walmart(WMT) competitive position. Maintains market performance (flat) rating and price target of $159 per share.It’s incredible how everyone came together around this brand and club name. Costco (COST) Cost-conscious shoppers are looking for bargains like those found at these two retail chains.
7.club holding Amazon (AMZN): Piper Sandler has raised his price target from $130 to $150 per share. Maintain an overweight (buy) rating. In an open letter to Amazon CEO Andy Jassy and the board, Bernstein said it was “time to go back to day one” for the company. whatever that means. The company remains above its Buy rating and $140 price target.
8. The price target for Netflix (NFLX) stock will be raised several times. Wells Fargo raised the stock to $500 from $400 a share and maintained its overweight (buy) rating. JP Morgan raises the stock to $470 from $380, maintaining its overweight rating.feel the club name disney (DIS) must sell everything except the library. Analysts can’t help but say positive things about NFLX.
9. JPMorgan sees very strong growth ahead for Club Holdings Nvidia (NVDA). Data centers are doing well. “H100 shipments continue to trend upward,” analysts said. [fiscal] From 2Q to 2H [the second half] Demand for the A100 remains strong, but these are AI chips.
Ten. According to JP Morgan analysts, the issue is boeing‘s (BA) 787 Dreamliner “I’m sorry but I should be able to get over it.” Boeing on Tuesday delayed delivery of the aircraft due to a fitting defect, but the company said it had nothing to do with flight safety.
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