Tag: climbs

Dow gains 250, Apple jumps 6%, Ford climbs on upgrade

Stocks finish solid Monday

The major indexes couldn’t hold on to their session highs but still finished with solid gains for Monday’s session. The Dow rose 250 points, or 0.9%, while the S&P 500 advanced 1.6%. The Nasdaq Composite climbed 2.6%. Apple’s gain of 6.4% boosted all three indexes. — Jesse Pound

Final hour of trading: Tech shares spark massive market rally to start the week

The major averages were headed for sharp gains on Monday, with tech stocks leading the gains. The Dow traded 300 points higher, or 1%. The S&P 500 jumped nearly 2% and the Nasdaq Composite popped more than 3% for its biggest one-day rally since April. —Fred Imbert

Oil slips nearly 3% as supply comes back online

Oil prices slid on Monday after supply came back online in the U.S., Libya and Norway. West Texas Intermediate crude, the U.S. oil benchmark, slid $1.17, or

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Apple climbs as Wedbush says it will benefit from ‘once in a decade’ iPhone 12 launch that spurs strong demand

a hand holding a video game remote control: Reuters

© Reuters

  • Apple surged 4% on Monday ahead of its “Hi, Speed” event on Tuesday, where it’s expected to launch its next-generation iPhone 12.
  • Wedbush said Apple’s iPhone 12 would represent a “once in a decade” launch, kicking off its 5G supercycle.
  • Wedbush said that based on its channel checks, Apple and its suppliers are anticipating “stepped-up demand” for its 6.7-inch iPhone 12 Pro Max.
  • Morgan Stanley said in a note last week that strong demand for Apple’s higher-priced iPhone 12 models could help boost the iPhone’s average selling price, leading to more upside for the stock.
  • Visit Business Insider’s homepage for more stories.

Expectations are high for Apple’s “Hi, Speed” event on Tuesday.

Wedbush said in a note on Sunday that the event, where Apple is expected to launch the iPhone 12, represented a “once in a decade” opportunity for Apple to capitalize on its massive iPhone install

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American Well Climbs – What Wall Street Is Saying

American Well AMWL shares jumped on Monday after coverage of the stock was initiated by a number of analysts four weeks following the Boston telehealth company’s debut on the New York Stock Exchange. 

Amwell shares were trading at $34.29, up 5%, at last check. Here’s what Wall Street is saying:

Morgan Stanley analyst Ricky Goldwasser initiated coverage of the stock with an equal weight rating and $35 price target, saying the company’s telehealth platform is poised to gain share within a “large and expanding” market.

UBS’s Kevin Caliendo initiated coverage of Amwell with a neutral rating and $29 price target. 

Caliendo says the neutral rating reflects the stock’s 81% climb since its IPO in mid-September. But the company has the potential to accelerate its growth above the estimated 27% revenue growth excluding acquisitions that Caliendo anticipates. 

Goldman Sachs initiated coverage of Amwell with a neutral rating and $31 price target. 

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Domo Climbs on Quarterly Surprise, Word of ‘Large Deal’

Domo  (DOMO) – Get Report was climbing Friday after a Cowen analyst raised his price target on shares of the cloud software company to $50 from $42, saying he’s heard about a very large deal in the pipeline.

Shares of the Silicon Slopes, Utah-based company were climbing 9.8% to $40.92.

Analyst J. Derrick Wood kept his outperform rating on the company, noting Domo’s robust billings, which could lead to a re-rating of the stock’s multiple if it continues.

Wood, one of several analysts boosting their firm’s share price targets, said Domo’s “business is dramatically improving”and added that he is hearing of a very large deal in the pipeline that he does not think is in the company’s guidance. 

Domo beat Wall Street’s second-quarter estimates, posting total revenue of $51.1 million, up 23% from a year ago. Subscription revenue was $44.3 million, the company said, up 27% year over

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Wall Street climbs as defensive sectors jump

(Reuters) – The S&P 500 rose on Wednesday for the ninth time in the past ten sessions although defensive sectors took their turn to lead the charge after data showed U.S. private payrolls expanded last month, but at a slower-than-expected pace.

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York City, New York, U.S., June 26, 2020. REUTERS/Brendan McDermid

The blue-chip Dow is just about 2% below its all-time high on Feb. 12.

The tech-heavy Nasdaq, now more than 20% above its pre-pandemic high, lagged on Wednesday as losses in high-flying shares of Apple Inc, Tesla Inc and Zoom Video Communications Inc weighed.

“A handful of technology stocks have been a great place to be over the last several months, but at some point you need to kind of be on the lookout for other opportunities outside of those concentrated names,” said

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