Posts filtered by tags: RBC Capital Markets[x]


 

Lyft's set to surge 33% on a ridership bounce-back and stronger path to profitability, Wedbush says

Mario Tama/Getty Images Lyft's third-quarter figures weren't thrilling, but its earnings guidance and vaccine hopes stand to push the stock to pre-pandemic highs, Wedbush said Wednesday.Analyst Dan Ives lifted his price target for Lyft shares to $48 from $37 in a note to clients, a 33% upside from Tuesday's close. Lyft executives said Tuesday they expect the company to be profitable by the fourth quarter of 2021.The optimistic guidance, when coupled with new hopes for a coronavirus vaccine...
Tags: Lyft, California, Trends, Opec, Credit Suisse, Goldman Sachs, Pfizer, Jpmorgan, Wedbush, Ives, RBC Capital Markets, Mario Tama Getty, Dan Ives, Watch Lyft, Ben Winck


Markets are underestimating the possibility of a contested election, a top RBC strategist says

Mark Makela/Getty Images The risk of a contested election is "severely underpriced" in the stock market, according to the head of derivatives strategy at RBC Capital Markets.In a Tuesday interview with CNBC, Amy Wu Silverman said based on the moves implied by options trading around the election, the market believes the result will be conclusive by November 6 at the latest.Silverman acknowledged that the stock market is eagerly waiting for the next fiscal stimulus package to pass, but no pr...
Tags: Trends, Markets, Derivatives, Cnbc, Trump, Rbc, Election 2020, McDonald, Silverman, RBC Capital Markets, Jeff Gundlach, David Rosenberg, Mark Makela Getty, Investing Strategy, Amy Wu Silverman, Options Trading


Apple beats revenue expectations for Q4 even without help from the iPhone 12

Karl Mondon/Digital First Media/The Mercury News via Getty Images Apple beat revenue expectations for its fiscal fourth quarter even without the boost it typically gets from early sales of its new iPhones.  Analysts will be looking for any clues about how the iPhone 12 is performing during the company's earnings call. First weekend iPhone sales usually give the company a boost in the September quarter earnings, but the iPhone 12 launched later than usual because of the COVID-19 pandemic, ...
Tags: Iphone, Apple, Cook, Mac, Trends, Tech, Markets, Tim Cook, Michael Murray, RBC Capital Markets, Robert Muller, Tech Insider, Getty Images Apple, Lisa Eadicicco, Apple earnings, Iphone 12


LIVE: Here come Apple's Q4 2020 earnings

Karl Mondon/Digital First Media/The Mercury News via Getty Images Apple will report its fiscal fourth quarter earnings on Thursday. Analysts will be looking for any clues about how the iPhone 12 is performing, guidance for Q1 2021, and comments made on the earnings call. First weekend iPhone sales usually give the company a boost in the September quarter earnings, but the iPhone 12 launched later than usual because of the COVID-19 pandemic, and will not be included in Apple's latest-quart...
Tags: Iphone, Apple, Wall Street, Trends, Tech, Markets, Michael Murray, RBC Capital Markets, Robert Muller, Tech Insider, Getty Images Apple, Lisa Eadicicco, Apple earnings, Iphone 12, Apple earnings Q4 2020, Bloomberg Consensus


Netflix is raising the price of its standard and premium 4K plans in the US

Ernesto S. Ruscio/Getty Images / Netflix Netflix's standard and premium plan prices are increasing in the United States.  The premium plan will now cost $18, up from $16, while the middle option is now $14, a $1 increase. The basic plan will remain $9 per month for lower resolution streaming on a single screen at once.  Visit Business Insider's homepage for more stories. Netflix is raising the price for two of its three US subscription tiers. The most popular plan, the standard plan, whic...
Tags: News, Media, Entertainment, Disney, US, Trends, Netflix, United States, Streaming, Prices, RBC Capital Markets, Mark Mahaney, Tech Insider, Graham Rapier, Business News Desk


'Valuation leaves little room for error': Here's what 4 Wall Street banks expect from Apple's fiscal 4th-quarter earnings report

(Photo by Lisa Maree Williams/Getty Images) Apple is set to report fiscal fourth-quarter results on Thursday, cluing investors in on how the company performed just before its latest iPhone event.The quarter that ended in September saw Apple introduce new services and update its watch and iPad lineups.The reveal of its first 5G-capable iPhone lineup arrived later than usual, and while iPhone 12 sales won't show up in Thursday's report, commentary on iPhone demand will be closely monitored.H...
Tags: Apple, Congress, Wall Street, China, Trends, Credit Suisse, Ubs, Fed, Rbc, Wedbush, Ives, RBC Capital Markets, Robert Muller, New York Fed, Watch Apple, David Vogt


'Anticipate upside to Q3 results': Here's what 6 Wall Street analysts are saying about Facebook before its 3rd quarter earnings report

Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images Facebook is set to report third quarter earnings after the closing bell on Thursday.Analysts will be looking out for the tech giant's advertising revenue after many advertisers partially boycotted the platform this summer. Other investors are looking at Facebook's monthly active users after lockdown restrictions eased over the summer. Here's what six Wall Street analysts are saying ahead of the platform's earnin...
Tags: Google, Facebook, Instagram, Senate, Trends, Social Media, Markets, Bank Of America, Biden, Stock Market, Jack Dorsey, Stock, John Freeman, Sundar Pichai, Jpmorgan, Facebook Advertising


Oil industry will be out of favor but not under assault if Joe Biden wins, a top Wall Street energy analyst says

The final presidential debate at Belmont University in Nashville, Tennessee, on October 22, 2020. Brendan Smialowski and Jim Watson/AFP via Getty Images The oil industry will be out of favor, but not under attack, if Democrat nominee Joe Biden wins the presidential election, a renowned oil analyst said."With a Biden administration, I don't think it's a wholesale assault on the fossil fuel industry," Helima Croft, head of commodity strategy at RBC Capital Markets, told Business Insider in an...
Tags: Europe, Obama, Congress, Saudi Arabia, Senate, White House, Russia, US, Trends, Opec, Joe Biden, Biden, Goldman, Business Insider, Trump, Fed


'Another major step forward': Here's what 6 Wall Street analysts had to say after Tesla's earnings beat expectations

Reuters Tesla's third-quarter earnings report beat expectations on multiple key metrics including cash flow and gross margins. The electric vehicle automaker also reiterated its goal of 500,000 deliveries in 2020, a statement many analysts were anticipating before the report. Shares of Tesla soared nearly 5% at the market open on Thursday.Here's what six Wall Street analysts had to say about Tesla's third-quarter earnings report. Watch Tesla trade live here.Tesla's third-quarter earnings r...
Tags: Energy, Electric Vehicle, China, Trends, Markets, Tesla, Credit Suisse, Gm, TSLA, Goldman Sachs, Elon, Jpmorgan, Ev, Wedbush, RBC Capital Markets, Wedbush Securities


'Much to be excited about': Here's what 4 analysts are saying about Tesla ahead of its 3rd-quarter earnings report

Reuters Tesla will release its third quarter earnings report after markets close on Wednesday.  The electric vehicle company already announced record third-quarter production numbers and beat expectations for its deliveries in the quarter. Analysts on Wall Street are now focusing on whether Tesla will meet its 2020 delivery target of 500,000, and will be listening for any discussion of this target on the call. Below are what four analysts are saying about the world's most highly valued aut...
Tags: Elon Musk, China, Trends, Markets, Tesla, Levy, Credit Suisse, Goldman Sachs, Musk, Delaney, Wedbush, Ives, Dan Levy, RBC Capital Markets, Wedbush Securities, Tesla earnings


'Stronger than ever': Here's what 4 Wall Street banks expect from Netflix's 3rd-quarter earnings report

Netflix CEO Reed Hastings. Getty Netflix is set to report third-quarter earnings Tuesday afternoon, offering investors the latest look at how its subscriber growth has held up after soaring through the start of the pandemic.While most of Wall Street has high hopes for the company, many analysts fear increased competition and the release of a controversial movie could fuel short-term turbulence.Here's what four major banks expect when the streaming titan releases its third-quarter report.Wat...
Tags: Australia, Amc, US, Trends, Netflix, Canada, Ubs, Janet Yellen, Morgan Stanley, Rbc, Jpmorgan, Peacock, RBC Capital Markets, Benjamin Swinburne, Nat Schindler, Cathie Wood


10 things you need to know before the opening bell

Andrew Kelly/Reuters Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Here's what you need to know before markets open.1. Global stocks jump after Pelosi sets 48-hour deadline for stimulus vote. The California Democrat said she was "optimistic" over stimulus negotiations. See what the markets are doing here.2. Chinese retail sales rose at their fastest annual pace this year in September. This was the steepest increase since last Decem...
Tags: California, Finance, Global, US, Trends, Markets, Bank Of America, Shanghai, Warren Buffett, Federal Reserve, Philips, John Williams, Robinhood, Pelosi, RBC Capital Markets, Cantor Fitzgerald


The iPhone 12 could be Apple's most important product release in the past decade

Apple's iPhone 11 lineup. Crystal Cox/Business Insider Apple's iPhone 12 lineup is expected to be a major smartphone launch that some analysts predict could be a once-in-a-decade opportunity for the company. The combination of 5G support, new size options and designs, affordable pricing, and the fact that many active iPhones are aging will likely to lead to a massive iPhone upgrade cycle. That's especially important because Apple has been grappling with slowing iPhones sales in recent ...
Tags: Apple, Google, Verizon, China, US, Samsung, Trends, Tech, Bloomberg, Smartphones, Analysis, Morgan Stanley, 5g, Munster, Michael Murray, Ives


The iPhone 12 could be Apple's most important product release in the last decade

Apple's iPhone 11 lineup Crystal Cox/Business Insider Apple's iPhone 12 lineup is expected to be a major smartphone launch that some analysts predict could be a once in a decade opportunity for the company. The combination of 5G support, new size options and designs, affordable pricing, and the fact that many active iPhones are aging are likely to culminate in a massive iPhone upgrade cycle. That's especially important as Apple has been grappling with slowing iPhones sales in recent ye...
Tags: Apple, Google, Verizon, China, Samsung, Trends, Tech, Smartphones, Analysis, United States, Morgan Stanley, 5g, Munster, Michael Murray, Ives, RBC Capital Markets


Nikola founder Trevor Milton resigned from the company's board following fraud allegations

Nikola founder and executive chairman Trevor Milton. Massimo Pinca/Reuters Trevor Milton, the founder of electric truck startup Nikola, has stepped down as executive chairman following fraud allegations against the company.  Milton said "the focus should be on the company and its world-changing mission, not me." Stephen Girsky, a former vice-chairman of General Motors and a Nikola board member, will replace Milton. He will have the title of chairman. Hindenburg Research, a short-seller, pu...
Tags: Transportation, US, Trends, Startup, General Motors, Fraud, Mary Barra, Gm, Department Of Justice, Chief Executive, Swift, Allegations, Securities And Exchange Commission, Business Insider, Milton, RBC Capital Markets


Nikola founder Trevor Milton resigns following fraud allegations

Nikola founder and executive chairman Trevor Milton. Massimo Pinca/Reuters Trevor Milton, the founder of electric truck startup Nikola, has stepped down as executive chairman following fraud allegations against the company.  Milton said "the focus should be on the company and its world-changing mission, not me." Stephen Girsky, a former vice-chairman of General Motors and a Nikola board member, will replace Milton. He will have the title of chairman. Hindenburg Research, a short-seller, pu...
Tags: Transportation, US, Trends, Startup, General Motors, Fraud, Mary Barra, Gm, Department Of Justice, Chief Executive, Swift, Allegations, Securities And Exchange Commission, Milton, RBC Capital Markets, General Motors GM


General Motors CEO says the company stands by its Nikola deal as the startup's short-seller fight intensifies

General Motors Chief Executive Officer Mary Barra announces a major investment focused on the development of GM future technologies at the GM Orion Assembly Plant in Lake Orion, Michigan, U.S. March 22, 2019. REUTERS/Rebecca Cook General Motors CEO Mary Barra said Monday that the automaker did "appropriate diligence" before inking a deal with Nikola Motors earlier this month.  The comments came when asked about allegations by a short-seller last week that Nikola and its founder have deceiv...
Tags: Transportation, News, Germany, Trends, General Motors, Mary Barra, Arizona, Gm, SEC, Trevor, Bosch, Rbc, Bloomberg News, Wedbush, Lake Orion Michigan, Barra


Here's three reasons why Saudi Arabia won't cut oil production any time soon

Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia, center, speaks during OPEC's 10th meeting of the Joint Ministerial Committee to monitor the oil production reduction agreement of the Organization of the Petroleum Exporting Countries, OPEC, and non-OPEC members, in Algiers, Algeria, Sunday, Sept. 23, 2018. AP Photo/Anis Belghoul Saudi Arabia won't be cutting oil production any time soon even though prices have slipped 9% in the last week.The Financial T...
Tags: Asia, Saudi Arabia, Iraq, Nigeria, US, Trends, Opec, Energy industry, Kazakhstan, Joint Ministerial Committee, Uae, Financial Times, Riyadh, Rbc, China Saudi Arabia, Organization of the Petroleum Exporting Countries


'We struggle to explain the run-up to the stock split': RBC raises Tesla price target but still says the company is overvalued

REUTERS/Stephen Lam RBC Capital Markets on Monday boosted its price target on shares of Tesla to $290 from $170 following the automaker's stock split.Still, the firm maintains its "underweight" rating on shares of the automaker and said that it's overvalued. "We recognize we underestimated a critical valuation point: seemingly insatiable investor demand for alternative/clean vehicles," Joseph Spak, RBC analyst, wrote in the Monday note.Watch Tesla trade live on Markets Insider.Read mor...
Tags: Google, Elon Musk, Trends, Markets, Tesla, TSLA, Earnings, Stock Market, Rally, Goldman, Underweight, Rating, Rbc, RBC Capital Markets, Apple Amazon, Tesla earnings


Walmart Sales Soared As Shoppers Spent Their Stimulus Checks

(CNN) — Walmart sales got a big boost last quarter as shoppers spent their government stimulus checks on home goods, electronics and lawn care products, the company said Tuesday. Walmart’s sales at US stores open for at least one year increased 9.3% to $93.3 billion during the three months ending on July 31, compared with the same stretch last year. Walmart’s online sales boomed, growing 97%. Walmart’s profit increased 79.4% to $6.4 billion. The company, the largest retailer in the world, was de...
Tags: Home Depot, Business, US, Walmart, United States, RBC Capital Markets, Consumer, Amazon Walmart, Doug McMillon, McMillon, Scot Ciccarelli, Coresight Research, WarnerMedia Company, Coronavirus, CNN Walmart, CNN Wire © 2020 Cable News Network Inc


Eats has given Uber an edge over Lyft that could keep paying off long after COVID-19 has gone (UBER, LYFT)

Uber Eats has helped the ride-hailing perform better than Lyft this year. Eats is also one of three reasons Uber has a long-term advantage over Lyft, Mark Mahaney, an analyst at RBC Capital Markets, told Business Insider. Also key: Uber's international presence and its dominant share of the North America ride-hailing market. Are you a current or former employee of Uber or Lyft? Do you have an opinion about what it's like to work there? Contact this reporter at [email protected], on...
Tags: Amazon, Lyft, Uber, California, Trends, North America, Roberts, RBC Capital Markets, Brian Roberts, Mahaney, Mark Mahaney, Dara Khosrowshahi, Tesla Uber, RBC Capital Markets Analyst, Lyft Mark Mahaney, Business Insider Eats


Microsoft's shown a sudden appetite for big acquisitions. From Twilio to VMware, here are 10 companies experts think it could try to acquire that aren't TikTok. (MSFT)

As Microsoft attempts to acquire viral video app TikTok's US operations, analysts speculated on a few other names that might be on the tech titan's shopping list. The list of 10 potential Microsoft acquisitions includes Dropbox, Slack, Twilio, Docusign and VMware, which Dell is considering spinning out, plus startups Mmhmm and Superhuman. Keep in mind, Microsoft's largest acquisition to date was its $26.2 billion LinkedIn deal, and while it appears Microsoft might be willing to pay more for Ti...
Tags: Google, Microsoft, US, Trends, Linkedin, Cisco, London Stock Exchange, European Union, Dell, Sequoia Capital, Signal, Amazon Web Services, Twilio, Phil Libin, Vmware, Crowdstrike


Here are 10 companies experts think Microsoft could try to acquire, including Slack, Twilio, and VMware (MSFT)

As Microsoft attempts to acquire viral video app TikTok's US operations, analysts speculated on a few other names that might be on the tech titan's shopping list. The list of 10 potential Microsoft acquisitions includes Dropbox, Slack, Twilio, Docusign and VMware, which Dell is considering spinning out, plus startups Mmhmm and Superhuman. Keep in mind, Microsoft's largest acquisition to date was its $26.2 billion LinkedIn deal, and while it appears Microsoft might be willing to pay more for Ti...
Tags: Google, Microsoft, US, Trends, Linkedin, Cisco, London Stock Exchange, European Union, Dell, Sequoia Capital, Signal, Amazon Web Services, Twilio, Phil Libin, Vmware, Crowdstrike


Here are 7 companies experts think Microsoft could try to acquire aside from TikTok — including Slack, Twilio, and Dell's VMware spin-off (MSFT)

As Microsoft attempts to acquire viral video app TikTok's US operations, analysts speculated on a few other names that might be on the tech titan's shopping list. The list of seven potential Microsoft acquisitions includes Dropbox, Slack, Twilio, Docusign and VMware, which Dell is considering spinning out, plus startups Mmhmm and Superhuman. Keep in mind, Microsoft's largest acquisition to date was its $26.2 billion LinkedIn deal, and while it appears Microsoft might be willing to pay more for...
Tags: Google, Microsoft, US, Trends, Linkedin, European Union, Dell, Sequoia Capital, Signal, Amazon Web Services, Twilio, Phil Libin, Vmware, Docusign, Rbc, Newman


Teladoc is acquiring Livongo in the biggest deal that digital health has ever seen. Here are the 3 key takeaways from Wall Street's top analysts, from shock at the price tag to optimism for healthcare's digital future.

The telehealth giant Teladoc is acquiring Livongo, a chronic-care company, in an $18.5 billion deal. It's the biggest deal that digital health has ever seen, several analysts told Business Insider. More importantly, it could change the future of healthcare by combining patients' coaching, physicians, prescriptions, and data under one umbrella for tens of millions of patients. Visit Business Insider's homepage for more stories. Two of the biggest digital health companies are combining in a rec...
Tags: Google, Amazon, US, Trends, Davis, Fitbit, Dodge, Jefferies, Forrester, Rbc, Milken Institute, RBC Capital Markets, Larsen, Holz, Stephanie Davis, Amazon Microsoft


Elon Musk tweeted that the Egyptian pyramids were built by aliens. Here are 39 of the most outrageous things he's said over the years. (TSLA)

Elon Musk is one of the most outspoken leaders in tech.  The CEO of Tesla and SpaceX has inspired intense devotion and attracted controversy as a result of his public statements. But he's also landed himself in hot water, like when he called a British cave diver a "pedo guy" or said he had the funding secured to take Tesla private at $420 per share.  Musk hasn't shied away from sharing his more off-the-wall ideas, like the concept that humans are living in a simulation or the theory that we sh...
Tags: Twitter, Spacex, Elon Musk, Mac, Stephen Colbert, California, Youtube, Cbs News, La, America, Los Angeles, Trends, Tesla, Bbc, Thailand, Egypt


LIVE: Here come Apple's quarterly earnings (AAPL)

Apple will report its fiscal third-quarter earnings on Thursday after the market closes. Analysts are expecting revenue to be slightly lower compared to the same quarter one year ago. Wall Street will also be looking for clues about whether Apple's anticipated 5G iPhone will launch on time. The results come just after CEO Tim Cook testified before Congress about the company's App Store policies, an important part of Apple's growing services business.  We'll be covering Apple's earnings live, s...
Tags: Apple, Congress, Trends, Tim Cook, App Store, GAAP, RBC Capital Markets, Robert Muller, International Data Corporation, House Antitrust Subcommittee


Apple's App Store will be at the center of Wednesday's historic antitrust hearing — and the tech giant is weaponizing every tool it has to defend it (AAPL)

Apple CEO Tim Cook will testify alongside CEOs from Google, Amazon, and Facebook in a hearing about possible anticompetitive practices on Wednesday. The App Store, a critical part of Apple's burgeoning services business, is expected to be at the heart of regulators' concerns when it comes to the iPhone maker.  Apple has come under scrutiny for its policy of taking up to a 30% cut from App Store transactions, which some developers have said makes it difficult to compete with Apple. In his openi...
Tags: Apple, Google, Facebook, Spotify, Cook, Congress, Trends, House, Tim Cook, App Store, Munster, Davidson, Google Amazon, RBC Capital Markets, Robert Muller, Gene Munster


Apple's iPhone 12 is in a battle with the coronavirus. On Thursday, Apple will give a big clue about who won. (AAPL)

Apple will report its fiscal third-quarter earnings on Thursday, many analysts are already fixated on the company's next major iPhone launch expected for the fall. That launch will serve as a better indicator of the company's long-term performance and value rather than recent quarterly financials given the economic impact and uncertainty caused by the coronavirus pandemic. As has been the case in recent quarters, some analysts see Apple's services business as being a potential bright spot in i...
Tags: Apple, Facebook, Wall Street, US, Trends, Bloomberg, Tim Cook, Cupertino, Munster, Aapl, Davidson, Ives, Apple Apple, RBC Capital Markets, Gene Munster, Wedbush Securities


Apple's App Store will be at the center of a historic antitrust hearing next week — and the tech giant is weaponizing every tool it has to defend it (AAPL)

Apple CEO Tim Cook will testify alongside CEOs from Google, Amazon, and Facebook in an upcoming antitrust hearing next week. The App Store, a critical part of Apple's burgeoning services business, is expected to be at the heart of regulators' concerns when it comes to the iPhone maker. Apple has come under scrutiny for its policy of taking up to a 30% cut from App Store transactions, which some developers have said makes it difficult to compete with Apple. The biggest question is whether any a...
Tags: Apple, Google, Facebook, Spotify, Cook, Congress, Trends, Tim Cook, App Store, Munster, Davidson, Google Amazon, RBC Capital Markets, Robert Muller, Gene Munster, Wedbush Securities