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JPMorgan revamps SanDisk stock with massive price target
TheStreet40d agoneutral
JPMorgan revamps SanDisk stock with massive price target

I covered SanDisk's Investor Day Aug. 14, when the company revealed a long-term financial framework calling for 80% gross margins, 75% operating margins, and 100% excess cash return to shareholders. The market responded with a 13.67% single-session surge followed by another 7.39% gain the following ...

Gilead yanks out a thorn in its side in major court ruling
TheStreet40d agoneutral
Gilead yanks out a thorn in its side in major court ruling

A federal appeals court just handed Gilead Sciences (GILD) a legal win that extends into the company's revenue. The decision blocks a group of companies from importing cheaper foreign versions of Gilead's top HIV drug and selling them to American patients. For a company that relies heavily on a ...

Stellantis Recalls Almost 1 Million Cars; Stock Falls To All-Time Low
Investor's Business Daily40d agobearish
Stellantis Recalls Almost 1 Million Cars; Stock Falls To All-Time Low

Stellantis stock tumbled to a new low on Monday after it announced a recall of almost 1 million vehicles worldwide. The recall is a software issue in the radio systems of Jeep, Dodge and Chrysler brand cars. The glitch interferes with their rear view cameras, the company said, but will be fixed via an over-the-air software update.

Down 42%, is Netflix stock undervalued or a value trap?
TheStreet40d agoneutral
Down 42%, is Netflix stock undervalued or a value trap?

Netflix stock has taken a beating in recent months, down 42% from its all-time highs. For a company once seen as untouchable, the ongoing decline may be making investors nervous. Notably, Bill Ackman just built a new position in Netflix (NFX) through his hedge fund, Pershing Square Capital ...

Ford is done chasing the budget buyer
TheStreet40d agobullish
Ford is done chasing the budget buyer

Every company eventually decides which customers it wants. The harder decision, and the one that never gets a press release, is which customers it can afford to lose. For most of the past century, Ford (F) refused to make that second call. The Model T, the Falcon, the Escort, the Focus, the Fiesta. ...

Here Are Big Tech’s Big SpaceX Investors
The Wall Street Journal40d agoneutral
Here Are Big Tech’s Big SpaceX Investors

SpaceX shares are getting a lift after some of tech’s top names identified themselves as big investors in Elon Musk's rocket-and-AI company. Among them: artificial-intelligence chipmaker Nvidia, which said in a Friday filing it owned close to 123 million SpaceX shares.