Analyst call of the day for CNBCPro subscribers: Bank of America reiterates Amazon as buy and notes that the company is poised to gain share. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Here are Monday's biggest calls on Wall Street: Wells Fargo downgrades Adobe to equal weight from overweight Wells said it's concerned about the high price Adobe paid for design platform Figma last week. "Following a string of disappointing earnings results, Adobe shocked the software world announcing its intent to acquire Figma for ~$20Bn . While the product/strategic fit is clearly aligned, it's the price tag that is likely to lend credence to the bear case, at least for now.
is in a unique position to aggregate large audiences and control the timing of series launches for top-tier advertisers, commanding high CPMs ." Read more about this call here. Jefferies reiterates Bed Bath & Beyond as hold Jefferies said its analysis shows retailers such as Walmart and Target are key beneficiaries of Bed Bath & Beyond store closures.
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Asian markets slip lower following last week's broad decline on Wall StreetAsian shares fell Monday after another week of sizable losses on Wall Street, as investors braced for another interest rate hike by the U.S. Federal Reserve.
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Court hearing set for Monday in Baltimore’s Adnan Syed caseA court hearing has been set for Monday in Baltimore to consider a request from prosecutors to vacate the 2000 murder conviction of Adnan Syed, whose case was chronicled in the hit podcast 'Serial.'
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FrontPageBets looks at best bets for Titans vs. Bills; Vikings vs. Eagles on Monday Night FootballMNF doubleheader closes out Week 2 in the NFL.
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Court hearing set for Monday in Baltimore’s Adnan Syed caseThe development comes after Baltimore prosecutors filed a motion saying an investigation conducted with the defense had uncovered new evidence that could undermine Syed's conviction.
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Storms Threaten Tri-State Monday as Temps Soar Near 90; Strong Winds PossibleSummer-like temperatures return with a vengeance to kick off the workweek, with the mercury expected to climb near 90 degrees ahead of the chance for tri-state thunderstorms later in the day. Monday starts out dry, but spotty storms are expected to pop up in the afternoon and evening, and some cells could be strong to severe. At this point, damaging…
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