Citi Sees a More Supportive Backdrop Forming for AbbVie (ABBV) and Biopharma
Yahoo Finance· 2026-01-31 13:31
Core Viewpoint - AbbVie Inc. is recognized as one of the 12 best long-term stocks to buy, despite facing some challenges in clinical trials [1]. Group 1: Market Analysis - Citi has adjusted its price target for AbbVie to $230 from $235 while maintaining a Neutral rating, indicating a more supportive backdrop for the biopharma sector in 2026 due to manageable earnings expectations and reduced policy-related risks [2]. - The overall sentiment in the biopharma space suggests that earnings may exceed previous fears, contributing to a more favorable investment environment [2]. Group 2: Clinical Developments - AbbVie and Genmab's blood cancer drug, epcoritamab, did not demonstrate a statistically significant survival benefit in a late-stage study involving 483 patients with relapsed or refractory diffuse large B-cell lymphoma [3]. - Despite the lack of clear survival benefits, the study revealed positive outcomes, such as a higher number of patients achieving undetectable cancer levels, longer response durations, and improved time before requiring further treatment [4]. - Epcoritamab is already approved in several countries for other lymphoma indications, marketed as Epkinly in the U.S. and Japan, and as Tepkinly in the European Union [5].
SanDisk, UnitedHealth, Meta Platforms And More: 5 Stocks Investors Couldn't Stop Buzzing About This Week
Benzinga· 2026-01-31 13:31
UnitedHealth Despite all the negative sentiment this week, some retail investors were still optimistic about MSFT's growth. The stock had a 52-week range of $344.79 to $555.45, trading around $433 to $435 per share, as of the publication of this article. It rose 4.46% over the year and declined by 15.54% over the last six months. The stock had a weaker price trend in the short, medium, and long terms, with a solid quality ranking, as per Benzinga's Edge Stock Rankings. Some retail investors said MSFT should ...
These overlooked stocks are a backdoor way to play the AI chip boom
MarketWatch· 2026-01-31 13:30
Materials suppliers Entegris and Qnity aren't household names, but they benefit from both the AI frenzy and a broader chip-sector recovery. ...
This 'Outdated' IBM Technology Just Did Something It Hasn't Done in 20 Years
Yahoo Finance· 2026-01-31 13:30
In the age of cloud computing, it's easy to forget that IBM (NYSE: IBM) still sells its hulking mainframe systems. Following IBM's fourth-quarter earnings report, it's clear that the mainframe business is not only surviving but also thriving. Here's an incredible fact IBM CFO Jim Kavanaugh disclosed during the earnings call: IBM's mainframe business recorded its best fourth quarter revenue in more than 20 years. Revenue soared 61% year over year, adjusted for currency, driving a 17% increase in the infras ...
Inside My Unique Passive Income Strategy on Apple (And How You Can Easily Mimic it With This ETF)
Yahoo Finance· 2026-01-31 13:28
I have owned Apple (NASDAQ: AAPL) for many years. The tech titan has grown into my top holding. While my Apple position is only 4% of my total investment portfolio, it's a whopping 27% of my ROTH IRA. I'd like to lower my exposure in that account. However, instead of selling some of my Apple stock, I'm using it to make passive income through a unique strategy. Here's a look at my trade and how you can more easily mimic this income strategy through a passive investment in an exchange-traded fund (ETF). Whe ...
Peloton price target lowered to $9 from $11 at BofA
Yahoo Finance· 2026-01-31 13:26
Group 1 - BofA has lowered the price target on Peloton (PTON) to $9 from $11 while maintaining a Buy rating ahead of the fiscal Q2 results report on February 5 [1] - The firm remains optimistic about Peloton's product-led strategy, AI integration, and expanding ecosystem [1] - The reduction in price target is attributed to expectations of higher churn following the price increases implemented in October [1]
TD Cowen Sees a Slower Recovery Path Taking Shape at Procter & Gamble (PG)
Yahoo Finance· 2026-01-31 13:26
Core Viewpoint - Procter & Gamble (PG) is experiencing a slower recovery path, with analysts expecting subdued growth in the coming years due to various market pressures [2][3]. Financial Performance - For the three months ended December 31, P&G reported net sales of approximately $22.21 billion, which is a 1% year-over-year increase but slightly below the expected $22.28 billion [6]. - Adjusted profit exceeded forecasts, driven by strong demand for higher-end haircare and beauty products [3]. - Core gross margin has declined for five consecutive quarters, influenced by tariffs and investments in diverse pack sizes for cost-conscious consumers [6]. Market Conditions - The US government shutdown negatively impacted P&G's largest market, leading to sales declines across categories due to delayed food assistance payments affecting lower-income households [4]. - Sales volumes decreased in three of P&G's five reported categories, with only beauty showing growth as consumers continue to prioritize self-care [5]. - Overall sales volumes were significantly below the typical US growth range of 3% to 4% across categories [5]. Analyst Sentiment - TD Cowen downgraded P&G from Buy to Hold, raising the price target to $156 from $150, citing a likely prolonged turnaround period [2]. - Analysts predict organic sales growth to remain around 2% over the next two years, with limited pricing power and ongoing pressure on the Hispanic consumer [2].
Southwest price target raised to $42 from $37 at BofA
Yahoo Finance· 2026-01-31 13:26
Core Viewpoint - BofA analyst Andrew Didora has raised the price target for Southwest Airlines (LUV) to $42 from $37 while maintaining an Underperform rating on the shares, indicating skepticism about the execution of the company's plans [1] Group 1: Price Target and Rating - The price target for Southwest Airlines has been increased to $42 from $37 [1] - The Underperform rating on the shares remains unchanged [1] Group 2: Earnings Estimates - The analyst acknowledges a potential underestimation of earnings from the new credit card agreement [1] - The firm's EPS estimate for 2026 has been raised to $4.36 from $3.60 [1] Group 3: Market Sentiment - There is a belief that much of the positive sentiment has already been priced in following the stock's movement on earnings day [1]
Horizon Space Acquisition II postpones extraordinary general meeting
Yahoo Finance· 2026-01-31 13:25
Core Viewpoint - Horizon Space Acquisition II (HSPT) has postponed its extraordinary general meeting from February 3, 2026, to February 12, 2026, to allow more time for engagement with shareholders [1] Group 1 - The company aims to enhance communication with its shareholders during the additional time before the rescheduled meeting [1]
Plexus price target raised to $220 from $195 at Benchmark
Yahoo Finance· 2026-01-31 13:25
Group 1 - Benchmark raised the price target on Plexus (PLXS) to $220 from $195, maintaining a Buy rating on the shares [1] - The firm was surprised by the strength of the Q2 guidance and the upbeat tone around demand momentum for the remainder of FY26 and beyond [1]