Key TakeawaysAnalysts at Oppenheimer downgraded shares of Microsoft from "outperform" to "perform" on Tuesday.That's rare on Wall Street, with nearly all of the analysts currently tracking the software giant holding "buy" or equivalent ratings.The stock rose Tuesday, leaving it up about 11% on the year. Optimism about AI-related growth has helped shares of Microsoft (MSFT) this year, but at least one investment bank is urging caution about what might come next. Oppenheimer analysts on Tuesday downgraded sha ...

Source: TradingView.com.Key TakeawaysPfizer shares have gained ground since a report over the weekend said that activist investor Starboard Value has taken a roughly $1 billion stake in the drug maker and is pushing for changes.The stock has formed a cup and handle, a chart pattern signaling a potential bullish reversal.Investors should watch higher price levels on Pfizer's chart around $31.75, $34.75, $37, and $39.75, while also monitoring the $28.25 support area. Pfizer (PFE) shares have gained ground s ...

Group 1 - Nvidia's market capitalization surpassed Microsoft's, making it the second-largest company globally, following Apple [1][2] - Nvidia's market cap reached $3.13 trillion, while Microsoft's stood at $3.04 trillion, with Nvidia shares increasing by over 2% [1] - Strong demand for AI products is driving growth for Nvidia and its partners, such as Super Micro Computer, which reported significant GPU shipments [1] Group 2 - Nvidia's stock price has more than doubled since the beginning of the year due to surging demand for AI chips [3] - Analysts believe Nvidia shares could continue to rise, supported by strong AI spending trends and seasonal factors [3] - Melius Research set a price target of $165 for Nvidia, indicating a 29% premium over the recent closing price of $127.72, with an average target of $152.52 from Visible Alpha [3]

Key TakeawaysAdvanced Micro Devices is set to announce new products and advancements in its artificial intelligence technology at its "Advancing AI" event Thursday.Analysts are optimistic about AMD's stock, issuing 13 "buy" ratings and three "hold" ratings for the shares, according to Visible Alpha.Analysts expect AMD to introduce several products during the event, along with potentially revealing some new partnerships. Advanced Micro Devices (AMD) will hold its "Advancing AI" event this week, with analysts ...

Key TakeawaysTela's highly anticipated robotaxi event is set to take place Thursday, with analysts expecting to see the autonomous taxi along with other product announcements.Analysts are somewhat split on Tesla stock, with nine "buy," seven "hold," and three "sell" or equivalent ratings among the 19 ratings tracked by Visible Alpha.The robotaxi event and Tesla's third-quarter results later this month could be catalysts for the stock. Tesla (TSLA) shares will be in focus this week, as the electric vehicle m ...

Key TakeawaysJefferies downgraded Apple to "hold" from "buy," saying expectations for sales of the iPhone 16 and 17 are too high.However, the bank raised its price target by nearly $8.The analysts told clients in order to have "serious" artificial intelligence capabilities, smartphone hardware needs to be reworked. Apple (AAPL) shares lost ground Monday after Jefferies downgraded the stock, arguing that the anticipated sales of iPhones are too high. The bank cut Apple's rating to "hold" from "buy," although ...

KEY TAKEAWAYS BP reportedly has given up on its goal to cut oil and gas output by 2030, as the British energy giant's chief executive seeks to build back investor confidence in the company.According to Reuters, BP CEO Murray Auchincloss is resetting BP's energy transition strategy, instead looking to boost its oil and gas output through new investments in the Middle East and the Gulf of Mexico.BP in February said it planned a 25% cut in oil and gas output by 2030, stepping back from a previous goal of a 40% ...

Key TakeawaysThe SPDR Dow Jones Industrial Average ETF Trust may come into focus on Monday after posting a record close Friday following a strong September jobs report that reinforced confidence in the economy’s resilience.The fund's price trades within an ascending channel, though lackluster volumes potentially indicate waning upward momentum.Investors should monitor crucial support levels on the ETF's chart around $377, $350, and $325, while also watching a measured move price target above the ascending c ...

KEY TAKEAWAYSStarboard Value reportedly has taken a roughly $1 billion stake in Pfizer, as the activist investor seeks to turn the struggling drugmaker around. According to The Wall Street Journal, Starboard has approached Ian Read, a former Pfizer chief executive, and ex-finance chief Frank D’Amelio to help aid its efforts.Pfizer shares are rising about 3% in premarket trading but have almost halved since their pandemic peak in 2021, as demand for its COVID-19 vaccines slumped. Shares of Pfizer (PFE) are r ...

Key TakeawaysExxonMobil shares set a record high on Friday as investors bid up energy stocks over mounting concerns that escalating tensions in the Middle East could disrupt global oil supplies. The stock broke out above the top trendline of a symmetrical triangle last week on increasing trading volume.Investors should watch key upside targets on Exxon's chart around $134 and $138, while keeping an eye on important support areas near $118 and $112. Shares in ExxonMobil (XOM) could remain in focus this week ...