Key Research Findings for Amazon.com, Wells Fargo, and Amgen
Research Reports Overview: The Zacks Research Daily highlights new reports on 16 major stocks, including Amazon, Wells Fargo, and Amgen, along with two micro-cap stocks, IDT Corp. and Village Super Market, showcasing unique insights into smaller companies.
Amazon's Performance: Amazon's shares have outperformed the industry, driven by growth in Prime and AWS, but faces challenges with weak operating income guidance and high AI investment costs.
Wells Fargo's Growth: Wells Fargo has seen a significant increase in share value, benefiting from improved net interest income and a lifted asset cap, although it faces pressures from rising costs and weak mortgage banking income.
Amgen and Micro-Cap Stocks: Amgen's growth is supported by strong sales of key medicines despite competitive pressures, while IDT and Village Super Market show promising financial health and growth potential, albeit with some risks.
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Earnings Reports from Apple and Tech Giants Could Shape Market Direction
- Earnings Season Begins: Apple is set to report earnings next Thursday, with expectations of growth driven by the iPhone 17 replacement cycle, potentially ending its eight-week decline and boosting investor confidence.
- Tech Stocks Under Pressure: Meta and Microsoft are down over 18% from their 52-week highs, Apple is down 13%, and Tesla nearly 10%, setting a low bar for upcoming earnings that may allow these giants to exceed market expectations.
- Small Caps Leading: The Russell 2000 index has rallied over 10% year-to-date, while the S&P 500 is up about 1%, indicating a strong performance from small caps that is further driving overall market gains.
- Federal Reserve Meeting: The upcoming Federal Reserve meeting is expected to keep interest rates steady at 3.50% to 3.75%, with investors keenly awaiting Chair Powell's comments to gauge future monetary policy direction.

Analysts Downgrade Marsh & McLennan Price Target to $208
- Price Target Cut: Cantor Fitzgerald lowered Marsh & McLennan's price target from $226 to $208 while maintaining an Overweight rating, indicating a cautious outlook on the company's future growth potential.
- Target Price Reduction: Piper Sandler cut the price target for Intercontinental Exchange from $292 to $195, despite maintaining an Overweight rating, which may affect investor confidence in the stock.
- Price Target Increase: Citizens raised the price target for Red Rock Resorts from $65 to $68, with analysts maintaining a Market Outperform rating, reflecting optimism about the company's future performance.
- Target Price Boost: Keybanc increased AAR Corp's price target from $93 to $109, with analysts keeping an Overweight rating, signaling confidence in the company's recovery in the aviation sector.






