Wedbush

Netflix, Inc. (NASDAQ: NFLX) beat expectations on total subscriber adds, EPS and revenue but the sell-side reaction was mixed with bears worried about lackluster growth in U.S. subscribers and heavy spending on content as competition ramps up. The mixed results on subscriber adds, strong...

IBM (NYSE: IBM) reported better-than-expected fourth-quarter results and also issued upbeat earnings forecast for fiscal year 2020. This is a turnaround from the third quarter, when it missed the consensus revenue estimate. The Analysts BofA Securities analyst Wamsi Mohan reiterated a Buy rating...

Recent checks indicate that Microsoft Corporation (NASDAQ: MSFT) witnessed better-than-expected Azure deal flow in the fiscal second quarter and remains in a strong position heading into 2020, according to Wedbush. The Analyst Wedbush’s Daniel Ives maintained an Outperform rating on Microsoft...

Shares of food delivery company GrubHub Inc (NYSE: GRUB) spiked nearly 20% on Wednesday following a report the company is exploring strategic alternatives, including a potential sale of itself. A few sell-side analysts weighed in on M&A possibilities and potential antitrust concerns. The...

Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares continued to free fall on Thursday after a dismal third-quarter report. The results split sell-side analysts, with some convinced a new CEO will get the housewares chain turned around, but others warning they're still waiting for signs the...

Wingstop Inc (NASDAQ: WING) is scheduled to host an Investor Day presentation on Jan. 16 and management is likely to detail multiple catalysts that will translate to outperformance versus current expectations, according to Wedbush. The Analyst Nick Setyan upgraded Wingstop's stock from Neutral...

Tesla Inc (NASDAQ: TSLA) was among the best-performing stocks of 2019 amid optimistic sales expectations. With the company scheduled to release fourth-quarter production and deliveries this week, Wedbush previewed the numbers and the electric vehicle maker's China opportunity. The Tesla Analyst...

The new year promises positive catalysts for hardware and software players. “Heading into 2020 there is clear momentum for the tech space/stocks as a number of transformational trends such as 5G, cloud, autonomous, and the streaming content wars will be front and center for the Street,...

Paypal Holdings Inc (NASDAQ: PYPL)'s hunger for acquisitions to help fuel growth is likely to continue into the new year, CFO John Rainey told The Wall Street Journal in an interview published Monday.  PayPal most recently bought a 70% stake in the Chinese payment platform ...

There was no shortage of news to cover during today's PreMarket Prep Show heading into an abbreviated week of trading ahead of the holidays. The co-hosts recapped some unusual price action from Friday's quadruple witch expiration in one issue, and a big-name stock was making a big-time move...

Computer hardware maker Advanced Micro Devices, Inc. (NASDAQ: AMD) is joining a collaboration of companies seeking to boost the use of blockchain-powered gaming platforms. AMD said it joined the Blockchain Game Alliance, to help spur the increased use of blockchain in gaming, and in doing so may be...

Recent field checks indicate that Microsoft Corporation (NASDAQ: MSFT) retains its strong position heading into 2020, backed by its success in providing Cloud solutions, according to Wedbush. The Analyst Wedbush’s Daniel Ives maintained an Outperform rating for Microsoft, while raising the...

Chipmaker Micron Technology, Inc. (NASDAQ: MU) is scheduled to report first-quarter results Wednesday after the close, with analysts on average expecting earnings of 47 cents per share on revenue of $5.02 billion. The stock received its second sell-side upgrade in as many days Tuesday,...

Childrens Place Inc (NASDAQ: PLCE) received a downgrade and a massive price target cut from Wedbush despite reporting a third-quarter earnings beat on Wednesday. The Analyst and Rating Wedbush analyst Jen Redding downgraded Childrens Place from Outperform to Neutral and lowered her price...