Trump Nominates New Fed Chair Kevin Warsh
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4h ago
0mins
Source: CNBC
- Fed Chair Nomination: Trump announced the nomination of former Fed Governor Kevin Warsh as the new chairman, with market analysts believing this won't cause significant volatility, although his Senate confirmation may face challenges due to opposition from some senators.
- Software Sector Decline: The iShares Expanded Tech-Software Sector ETF (IVG) recorded its worst day since 2020, driven by declines in ServiceNow and Microsoft, with Microsoft losing over $350 billion in market cap, indicating the software industry has officially entered bear market territory.
- Government Funding Agreement: Trump endorsed a Senate deal to fund several government departments, although the absence of funding for the Department of Homeland Security raises concerns about a potential partial government shutdown still looming.
- Apple's Strong Earnings: Apple surpassed Wall Street expectations in its earnings report, with iPhone revenue climbing 23% year-over-year, although sales could have been even higher with better chip access; additionally, Apple confirmed its acquisition of Israeli AI startup Q.ai, enhancing its technological capabilities.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.69 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
47 Analyst Rating
46 Buy
1 Hold
0 Sell
Strong Buy
Current: 241.730
Low
250.00
Averages
294.69
High
340.00
Current: 241.730
Low
250.00
Averages
294.69
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Meesho Reports Significant Quarterly Loss Amid Rising Costs
- Widening Losses: Meesho's consolidated net loss surged to 4.91 billion rupees ($53.44 million) for the quarter ending December 31, compared to a loss of 374.3 million rupees a year ago, highlighting significant financial pressure amid rising costs.
- Rising Expenses: The company's expenses increased by 44% to 40.71 billion rupees during the same quarter, reflecting the substantial impact of escalating operational costs on profitability in a highly competitive e-commerce landscape.
- Revenue Growth: Despite the widening losses, Meesho's revenue rose nearly 32% to 35.18 billion rupees, indicating strong demand from India's growing online consumer base for affordable products.
- Intensifying Market Competition: Competing against giants like Amazon and Walmart-owned Flipkart, Meesho has carved out a niche by not charging sellers a commission, demonstrating the strategic significance of its unique business model in the current market environment.
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Market Declines as Apple Shares Drop Despite Strong Earnings
- Market Reaction: Despite investor support for President Trump's selection of Kevin Warsh to succeed Jerome Powell as Fed Chair, the stock market declined on Friday, indicating concerns about future economic growth that could impact investor confidence.
- Apple Performance: Apple reported a 23% increase in iPhone sales in its Thursday earnings report, yet its shares fell, reflecting market worries over supply chain constraints and memory cost volatility, although Cramer believes the stock still presents a buying opportunity.
- GE Vernova Upgrade: Guggenheim upgraded GE Vernova from hold to buy with a $910 price target, citing upside potential for free cash flow and EBITDA margins in its electrification division, which could drive the stock price higher.
- Rapid Fire Review: The rapid-fire segment at the end of Friday's video covered stocks including American Express, Chevron, Sandisk, Deckers Outdoor, and Verizon, highlighting market interest in diversified investments.
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