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Here are the biggest calls on Wall Street on Tuesday: Evercore ISI reiterates Amazon as overweight Evercore says it's sticking with the stock ahead of earnings later this week. Evercore ISI reiterates Uber as overweight Evercore says it's bullish on Uber heading into earnings on Thursday. Janney upgrades First Solar to buy from neutral Janney says the solar company is attractive ahead of earnings on Tuesday afternoon. " Evercore ISI reiterates Meta as overweight Evercore says it's sticking with Meta ahead of earnings on Wednesday. Barclays reiterates Tesla as equal weight Barclays raised its price target on the stock to $235 per share from $220.
Persons: Evercore, Uber, it's bullish, Janney, Goldman Sachs, Ford, Goldman, Wells, Tesla, Morgan Stanley, Bernstein, TD Cowen, Cowen, it's, Mizuho, Stephens, ROA, Guggenheim, HOOD, we've Organizations: Ford, CTV, APP, Citi, Apple, Apple Intelligence, Barclays, Walmart, Mizuho, Netflix, Guggenheim, Six Flags Entertainment Locations: Mexican, Brazil, Mexico, China, U.S
Shares of small- and midsize companies, or "SMID caps" for short, have lagged behind their large-cap peers in recent years, including 2024. Large caps may lead for a while longer, Oppenheimer researchers wrote in a July 9 note. AdvertisementOppenheimerHowever, SMID caps have quietly but consistently built momentum throughout this year, even though they haven't broken out yet. "Each of these unconfirmed averages are maintaining above prior breakout levels and their 200-day average," Oppenheimer researchers wrote. Within SMID caps, Oppenheimer is especially bullish on midsize growth stocks.
Persons: , Oppenheimer Organizations: Service, Nvidia, Business, Medicines, Zeta Global
US President Joe Biden speaks on how "Bidenomics" is helping clean energy and manufacturing, at Arcosa Wind Towers in Belen, New Mexico, on August 9, 2023. WASHINGTON — The White House unveiled a nearly $40 billion supplemental funding request on Thursday to provide additional aid to Ukraine and respond to natural disasters, including wildland firefighter pay and border management. The White House is seeking $12 billion for ongoing disaster relief, $60 million to cover pay increases for firefighters and $3.9 billion to address border and migration issues. President Joe Biden said FEMA administrator Deanne Criswell would be on Maui by Friday, but he warned the danger is "not over yet." Biden's request also seeks over $24 billion in additional funding for Ukraine's slow-moving defense against Russia's illegal invasion.
Persons: Joe Biden, WASHINGTON —, Deanne Organizations: WASHINGTON, FEMA, Kyiv's Locations: Belen , New Mexico, Ukraine, Hawaii, Maui, U.S
Biden embraces July inflation report: 'That's Bidenomics'
  + stars: | 2023-08-10 | by ( Emma Kinery | ) www.cnbc.com   time to read: +1 min
US President Joe Biden speaks on how "Bidenomics" is helping clean energy and manufacturing, at Arcosa Wind Towers in Albuquerque, New Mexico, on August 9, 2023. WASHINGTON — Despite a small rise in inflation last month over June's rate, President Joe Biden on Thursday insisted that July's consumer price index of 3.2% was only one facet of a broader picture of U.S. economic strength. "We've made this progress while maintaining the broad strength of our economy," he said, noting that unemployment remained near 50 year lows. And while 3.2% is technically an increase over June's year-over-year rate of 3.0%, it is below analysts' estimates of 3.3%. Still, there are signs the strong economy is not paying political dividends to the president, at least not yet.
Persons: Joe Biden, WASHINGTON —, Biden, We've Organizations: WASHINGTON, Federal Reserve Locations: Albuquerque , New Mexico, U.S, New Mexico
REUTERS/Jonathan ErnstAug 10 (Reuters) - A federal appeals court on Thursday will weigh lifting a Louisiana judge's order limiting the Biden administration's ability to communicate with social media companies to urge them to moderate information it deems harmful or misleading. Circuit Court of Appeals in New Orleans is set to hear arguments in the administration's appeal of the judge's ruling, which found that the government wrongly pushed social media firms to suppress disfavored political views. The Biden administration quickly appealed, and the 5th Circuit temporarily put the judge's ruling on hold while it heard the case. The administration denies forcing social media companies to take down any posts. The panel that will hear the Biden administration's appeal includes three judges who were all appointed by Republican presidents, U.S.
Persons: Joe Biden, Jonathan Ernst, Terry Doughty's, Doughty, Donald Trump, Trump, lockdowns, Biden, Edith Brown Clement, Jennifer Walker Elrod, Don Willett, Brendan Pierson, Nate Raymond, Aurora Ellis Organizations: REUTERS, Biden, Circuit, District, Democratic, Meta, Inc, YouTube, Twitter, X Corp, Trump, Department of Health, Human Services, Federal Bureau of, 5th Circuit, Republican, Thomson Locations: Arcosa, Belen , New Mexico, U.S, Louisiana, New Orleans, Missouri, Monroe, New York
The Biden administration's executive order restricting U.S. private equity and venture capital investments in Chinese technology finally landed on Wednesday. For U.S. tech investors who'd already grown wary of the budding cross-Pacific rivalry, the ruling is the clearest signal yet that the world's second-biggest economy is off limits. Biden is specifically targeting investments in technologies like semiconductors, quantum computing and artificial intelligence on concern that China's advancements in those areas run counter to U.S. national security interests. U.S. investors have been steadily retreating from China due to a combination of a weakening economy and the fraught geopolitical environment. "Most investors want to avoid being seen as acting against U.S. national security interests."
Persons: Joe Biden, Biden, We've, Elena McGovern, Neil Shen helming, Eric Reiner, Adam Hickey, Mayer Brown, Steve Sarracino, that's, Activant, There's Organizations: Biden, Capstone, Chinese Communist Party, Sequoia Capital, Sequoia, Vine Ventures, Justice Department's, who's, U.S, Activant, Investors Locations: Belen , New Mexico, U.S, China, Sequoia China, Israel, Latin America, Germany, South Africa, The U.S, ByteDance
U.S. President Joe Biden delivers remarks on the economy at Arcosa, a wind tower manufacturing facility, in Belen, New Mexico, August 9, 2023. President Joe Biden visited a former Solo cup factory that has been renovated into a wind tower plant in Belen, New Mexico on Wednesday, where he hailed his green energy economic plan at a groundbreaking for the new facility. "For the longest time we've been told to give up on American manufacturing — that it can't happen again," Biden said. The event at the wind tower plant coincided with the year anniversary of the signing of the Chips and Science Act and the Inflation Reduction Act, which was signed a week later. The White House said that after the passage of the Inflation Reduction Act, Arcosa received $1.1 billion in new wind tower orders, prompting it to build this new plant.
Persons: Joe Biden, we've, Biden, I've, Arcosa Organizations: Chips, Science Locations: Arcosa, Belen , New Mexico, America, United States, Arizona
[1/4] U.S. President Joe Biden delivers remarks on the economy at Arcosa, a wind tower manufacturing facility, in Belen, New Mexico, U.S., August 9, 2023. REUTERS/Jonathan ErnstBELEN, New Mexico, Aug 9 (Reuters) - U.S. President Joe Biden took his economic pitch to New Mexico on Wednesday to boast how his signature legislation helped turn a previously shuttered facility into a wind tower manufacturing facility. Biden said previous administrations promised to invest in U.S. manufacturing, only to see jobs and capital move abroad. Antonio Carrillo, CEO of Arcosa (ACA.N), said his company and the wind power industry were struggling before the infusion of new funds from Washington. After the IRA passed, he said he received its biggest order for wind towers.
Persons: Joe Biden, Jonathan Ernst BELEN, Biden, invigorate, ” Biden, Antonio Carrillo, Nandita Bose, Jeff Mason, Jarrett Renshaw, Simon Cameron, Moore, Jonathan Oatis Organizations: REUTERS, Democrat, Republican, Reuters, Thomson Locations: Arcosa, Belen , New Mexico, U.S, New Mexico, American, America, Washington
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