AMZN Evercore Top Pick, SoftBank Acquiring DBRG, KBH Price Target Cut

Group 1: SoftBank and Digital Bridge Acquisition - SoftBank has made a proposal to acquire Digital Bridge for approximately $2.9 billion, offering around $16 per share, which is above the closing price on the previous Friday [2] - This acquisition aligns with SoftBank's strategy of divesting its stake in Nvidia, valued at approximately $5.8 billion, as it shifts focus towards AI applications and inference technologies [3] Group 2: Amazon's Performance and Outlook - Amazon's stock has seen a modest increase of about 2.5% over the past year, with a current price target set by Evercore at $335, significantly higher than its current trading price [5] - The company is recognized for its scalability across various platforms, including subscription services and e-commerce, with AWS reporting a year-over-year growth of 20% [6] - Despite high capital expenditures of around $125 billion in the last year, this is considered reasonable relative to its sales of nearly $700 billion [7] Group 3: Housing Market and KB Homes - The housing market is facing challenges due to positive real interest rates, particularly with 10-year yields exceeding 4%, which is impacting growth [9] - JP Morgan has cut KB Homes' price target from $71 to $50 while maintaining a neutral rating, reflecting downward revisions in earnings estimates [10] - The company is expected to see a lower return on equity estimated at around 6%, down from a previous consensus of 11%, with sales growth decelerating to approximately $6.2 billion [11]