Welcome to Extreme Investor Network, where we provide you with the latest insights and updates on the world of investing. Today, we’ll be discussing Thursday’s biggest calls on Wall Street and what they mean for investors like you.
Morgan Stanley has named Arm as a top pick, highlighting the semiconductor company as an “overlooked AI beneficiary.” With a focus on mobile recovery, new edge AI opportunities, and expanding royalties, Arm is positioned for growth in the tech sector.
Cantor Fitzgerald has initiated Amazon as overweight, pointing to potential upside for the e-commerce giant. They believe that retail margin expansion and AWS acceleration are key drivers for Amazon’s investment thesis.
In a similar move, Cantor Fitzgerald has also initiated Meta as overweight, citing the business’s potential to capture share gains and achieve healthy top-line growth over the next few years.
On the other hand, Goldman Sachs downgraded Novartis to neutral from buy, mainly due to valuation concerns. The multinational pharmaceutical company has seen solid share price performance and limited innovation catalysts in the near term.
Barclays has initiated Travelers as overweight, emphasizing the insurance giant’s robust balance sheet and ongoing momentum in underwriting and growth.
Bank of America has downgraded Zscaler to neutral from buy following its earnings report, but reaffirmed Nvidia as a buy, highlighting the company’s compelling valuation and attractive opportunities.
In other news, JPMorgan has upgraded Xpeng to overweight, citing bullish momentum for the China electric vehicle company, while KBW has upgraded Comerica to outperform, noting its benefits from lower interest rates.
RBC, however, has downgraded KB Home to underperform, based on weakening trends in the housing market, while Evercore ISI has reiterated Broadcom as outperform, anticipating positive earnings results.
These are just a few of the notable calls on Wall Street that could impact your investment decisions. Stay tuned to Extreme Investor Network for more updates and analysis on the latest trends in the market. Remember, knowledge is power when it comes to investing wisely.