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The Latest Breaking News from Scott Devitt

Amazon, Shopify Lead E-Commerce Stocks Higher On Record Black Friday Sales

Amazon stock rose Monday, along with Shopify and other e-commerce companies, on positive Black Friday data.

Investors Business Daily

MercadoLibre Building Bullish Pattern After Earnings Beat

MercadoLibre Building Bullish Pattern After Earnings Beat

MercadoLibre is the IBD Stock of the Day. Post-earnings, MELI stock is forming a bullish cup-with-handle base.

Investors Business Daily

Meta Earnings: Can Facebook Parent Balance AI, Metaverse Push With Efficiency Pledge?

Meta Earnings: Can Facebook Parent Balance AI, Metaverse Push With Efficiency Pledge?

A rebound for Facebook’s parent company has propelled Meta stock to 160% growth this year. What's in store for third-quarter earnings?

Investors Business Daily

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Amazon Stock Rises On Bullish Views Ahead Of Earnings

Amazon stock was rising Thursday morning, as analysts are increasingly bullish on the e-commerce giant ahead of earnings.

Investors Business Daily

Instacart Stock Falls Despite New Wall Street Bull Ratings

Instacart stock has had a rough first month on the public market. But analysts see reasons to like CART's long-term potential.

Investors Business Daily

How Amazon Is Bringing Its Cloud Playbook To Shipping

Amazon is "replicating the AWS playbook" as it expands with a new supply chain service for merchants.

Investors Business Daily

Pinterest Gains Momentum On Shopping Push, Amazon Partnership

Shares of Pinterest have been rising in recent months, helped by an advertising partnership with Amazon and a push for more shopping.

Investors Business Daily

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Meta's Push Into Artificial Intelligence Powers A Turnaround Story

Meta's Push Into Artificial Intelligence Powers A Turnaround Story

On the strength of an improving advertising business and cost-cutting measures, Meta stock has surged nearly 150% thus far in 2023.

Investors Business Daily

Investors Are Underestimating This Part Of Amazon's Business, Analysts Say

Investors Are Underestimating This Part Of Amazon's Business, Analysts Say

A trio of analyst reports this week said improved e-commerce fulfillment capabilities will deliver upside for Amazon stock going forward.

Investors Business Daily

What's Going On With Netflix Stock?

What's Going On With Netflix Stock?

Shares of several companies are trading higher Tuesday as stocks rebound following weakness stemming from recent Fed policy tightening. However, Netflix Inc (NASDAQ: NFLX) is underperforming. So what's going on?

Here's Why Analysts Are Lowering Price Targets On Amazon After Q1 Earnings

Here's Why Analysts Are Lowering Price Targets On Amazon After Q1 Earnings

E-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) reported mixed earnings Thursday and announced guidance that came in lower than analysts' estimates for the second quarter. Here's why analysts are lowering their price targets and sound more cautious moving forward.

RBC Capital Cuts Shopify's Price Target By 23%

RBC Capital Cuts Shopify's Price Target By 23%

Shopify Inc (NYSE:SHOP) (TSX:SHOP) price target has been lowered to $1000 (an upside of 116%) from $1300 by RBC Capital analyst Paul Treiber. The analyst maintained the Outperform rating on the shares. The analyst states that the proposed changes to Shopify’s share structure may be contentious. Treiber adds that while some terms in the proposal…

Here's Why Analysts Expressed Caution Ahead Of Netflix's Q1

Here's Why Analysts Expressed Caution Ahead Of Netflix's Q1

Analysts expressed caution ahead of Netflix Inc (NASDAQ:NFLX) Q1 earnings, highlighting EMEA's churn risk, the company's second-largest region, due to potential consumer spending pressure tied to higher energy costs and broader inflationary pressures and loss of subscribers in Russia. Baird analyst William Power noted that each 10 bps increase in churn could negatively…

Analysts Cut Alibaba Price Target Ahead Of Quarterly Results; Remain Bullish

Analysts Cut Alibaba Price Target Ahead Of Quarterly Results; Remain Bullish

Analysts cut their price targets on Alibaba Group Holding Ltd (NYSE:BABA) ahead of its quarterly results. However, they continue to see double-digit upside in the stock. Stifel analyst Scott Devitt lowered the price target on Alibaba to $150 from $170 (28% upside) and reiterated a Buy rating. The re-rating follows the previewed results for his…

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