Apple Inc (NASDAQ:AAPL, ETR:APC)’s Vision Pro headset could add between US$0.68 and US$0.89 to the company’s share price over the next five years, Bank of America analysts noted after the rollout of the technology giant's new device.
Such a scenario would see the technology giant’s share price increase by 0.5% on the introduction of the virtual reality headset alone, with Bank of America analysts noting “Vision Pro could be a significant new category for Apple” on Monday.
A 13% jump in Estee Lauder Companies Inc (NYSE:EL, ETR:ELAA)'s share price after the cosmetics giant unveiled job cuts to shore up profitability on Monday was dubbed “overly optimistic” by Jefferies analysts.
“We need to see improvement in China and travel retail to get off the sidelines,” the bank added, as it reiterated a ‘Hold’ rating for the firm in a note.
Cannabis stocks on Friday booked their fifth-straight week of positive returns led by the Advisorshares Pure US Cannabis ETF (MSOS) which gained 12% to finish the week at about $10.30.
The Advisorshares Pure Cannabis ETF (YOLO), which provides exposure to global cannabis companies, gained 5.6% at about $3.80.
AstraZeneca PLC (LSE:AZN) shares have continued their underperformance from the final quarter of last year into January, with Barclays identifying three major debates around the stock ahead of this week's results.
Since hitting an all-time high above £128 per share last April, the shares have fallen more than 19% and in the fourth quarter underperformed the Stoxx Europe 600 health sector by around 6%.
Lloyds Banking Group PLC (LSE:LLOY) and HSBC Holdings PLC (LSE:HSBA) are expected to lead the sector with strong buybacks and signals for more special shareholder distributions when banks report in the coming weeks.
Reporting for the sector season starts with NatWest Group PLC (LSE:NWG) next Friday, 16 February, then continues the week after with Barclays PLC on Tuesday, HSBC on Wednesday, Lloyds on Thursday and Standard Chartered PLC (LSE:STAN) is the last of the blue-chip lenders on Friday 23.
Apple Inc (NASDAQ:AAPL, ETR:APC) diehards celebrated the Friday launch of the new Vision Pro spatial computing headset in various ways, from being arrested for illegally using it while driving, to sharing an augmented reality meal with friends.
Think different. #applevisionpro pic.twitter.com/dEALUsntS8
Boeing Co (NYSE:BA, ETR:BCO) told investors last week that the Federal Aviation Administration’s (FFA's) freeze on production of its 737 jets will put significant pressure on its 2025/2026 production and free cash flow targets, but analysts at the Bank of America (BoA) believe the forced slowdown will ultimately benefit the company in the long-term.
After a mid-air door blowout during an Alaska Airlines flight on January 5 grounded Boeing’s 737 Max 9s, the FAA has cleared these planes to resume flying but told the airplane manufacturer it could not expand its production of its 737 Max planes as it continues an investigation into its quality control measures.
Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF), the slot games creator, has a “bright” future, according to its house broker, after it reported another year of double-digit revenue growth in 2023.
Peel Hunt reiterated its ‘buy’ recommendation for the AIM-listed group and said the company’s guidance for the 2023 financial year was “consistent” with its own forecasts.
Lower inflation means sales volumes will be a priority for UK apparel retailers in the coming spring, though easier weather comparatives and a reduction in National Insurance contributions will provide a supportive trading environment.
Analysts at RBC Capital Markets expect a return to formal and workwear demand in place of last year’s trend towards essential basics.
Shell’s management believes buybacks are an obvious move with the share price so low, Barclays said after attending an analyst sit down with the oil group’s chief executive and CFO.
Other takeaways were that the focus will be on improvements from within, with the first objective being to build the credibility of the management team.
Analysts have reiterated their ‘buy’ recommendation for Naked Wines PLC (AIM:WINE, OTCQX:NWINF) after it announced its new chief executive officer on Monday.
Rodrigo Maza will take over as the CEO of the wine retailer in the coming months, having only joined as UK managing director in September 2023.
Premier Inn owner Whitbread PLC (LSE:WTB) can be a “recession winner” according to analysts at Jefferies which has a ‘Buy’ rating for the hospitality stock.
The broker, in a note, highlighted Whitbread’s strategic focus on expansion and optimisation, with an eye on enhancing returns and deepening its economic ‘moat’, particularly in the UK and Germany.
The UK's plan to overhaul its transmission grid to facilitate more offshore wind connections is a "game-changer" for National Grid's growth outlook, according to Jefferies.
The broker has upgraded its rating for the electricity infrastructure and gas utility to 'buy' from 'hold'.
US bookmakers are heading for a bumper start to 2024, according to broker Jefferies, which has reiterated 'buy' recommendations on Entain PLC (LSE:ENT) and Flutter Entertainment PLC (LSE:FLTR), two of the largest players in the market.
Ahead of the week's Super Bowl between San Francisco and Kansas City, the bank wrote: “Signs remain encouraging for the bookmakers, with high engagement and betting activity”, especially in the newly legalised areas such as Ohio.