TACO trade is backfiring on Wall Street
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Amazon.com, Inc. (NASDAQ:AMZN) is one of the Trending AI Stocks on Wall Street. On July 10, Citizens JMP analyst Andrew Boone raised the price target on the stock to $285.00 (from $250.00) while maintaining a “Market Outperform” rating.
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Probably the biggest concern about the stock, though, is that its valuation is unjustifiable. Palantir's shares trade at 238 times forward earnings. Its price/earnings-to-growth (PEG) ratio, which factors in analysts' earnings growth projections over the next five years, is a sky-high 4.18, according to LSEG.
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Cryptopolitan on MSNWall Street fell Friday, with the Dow down 297 points and the S&P 500 slipping 0.3%Wall Street gave up gains Friday after President Donald Trump hit Canada with a fresh 35% tariff and promised more across the board. This came just a day after the S&P 500 set a brand new all-time high.
Stock indexes closed higher on Wall Street, enough to nudge the S&P 500 and the Nasdaq composite to more records.
Nvidia (NASDAQ: NVDA) stock currently trades for around $155. However, Loop Capital just gave Nvidia a new price target of $250 per share. That indicates around 60% upside from today's price, but the implications of a $250-per-share stock are far greater.
MongoDB develops the leading document-oriented database, a technology that lends itself to AI applications, and the current valuation is cheap versus the three-year average.
Kraft Heinz (NASDAQ:KHC) is reportedly breaking into two units to address sluggish sales in its processed foods division and unlock value as separate businesses. According to The Wall Street Journal,
Several Wall Street analysts upgraded their price targets after the recent ... are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley ...
Key PointsVolatility has been readily apparent for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite since 2025 began.Inflationary fears have been heightened by President Donald Trump's tariff and trade policy,