In the News

There’s no doubt, the bears have been in control of the market so far this year and the overall trend has been down. That said, last week, stocks were on the comeback trail in what amounted to the best performance across the board since November 2020.

Last week, Splunk Inc held its annual conference, during which it made several products and partner announcements.

Rosenblatt Securities is the only firm that rates the e-commerce behemoth as a hold. Here's why the firm is bearish on the stock.

Rosenblatt analyst Kevin Cassidy expected SMART Global Holdings Inc. (SGH) to deliver a slight beat-n-raise to consensus 3QF22 and 4QF22 outlook. Cassidy maintained his Buy recommendation and $60 price target.

Rosenblatt analyst Steve Frankel reiterated a Buy rating on Imax Corp. with a price target of $25

If 5G mobile is the part of telecom that still consumes much of the industry and political attention, the smart money is on fiber.

Amazon (NASDAQ: AMZN) stock has declined significantly (over 36% this year) and is trading near its 52-week low. Besides the general market selling in tech stocks, the slowdown in e-commerce growth and inflationary cost pressure weighed on the shares of this internet giant.

Rosenblatt analyst Barton Crockett updated Amazon.com Inc. for the 20–1 share split completed on June 6.

Trading volumes are continuing to migrate towards the Close in light of the growing number of passive funds coming to market.

The move is in response to new guidance from the US Treasury prohibiting the purchase of new and existing debt and equity securities issued by a Russian Federation entity.

Rosenblatt Securities analyst Barton Crockett adjusted the firm's price target for Amazon (NASDAQ:AMZN) on Tuesday, following its share split, setting a target of $107 per share, a new Street low.

Shares of AMD (NASDAQ: AMD) have dropped 36.9% this year, even as the demand for its products remains strong and the company delivered impressive Q1 results. The semiconductor giant primarily offers x86 microprocessors, server and embedded processors, development services, and technology for gaming consoles and semi-custom System-on-Chip (SoC) products.