Shares of Pinterest (NYSE: PINS) were up 3.8% as of 12:19 p.m. ET on Wednesday after receiving an upgrade from Wolfe Research analyst Deepak Mathivanan. The analyst believes the stock can outperform over the next 12 months with former PayPal executive Bill Ready stepping in as the social media platform's new chief executive officer. A slowing online advertising market and weak user growth trends have weighed on Pinterest in 2022. Read More...
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J.P. Morgan Says Now Is the Time to Pull the Trigger on Energy Stocks; Here Are 2 Names to Consider
Sounding a note of musical irony, Van Morrison sang, “My Mama told me there’d be days like this.” And in an distinctly unironic note, top analysts may start saying the same thing. With rising inflation, rising interest rates, and a falling stock market, we’re in for more volatile days like this. Looking at the big picture from JPMorgan, Dubravko Lakos-Bujas, the firm’s global head of equity macro research, notes the energy crisis – the natural gas shortages in Europe, the high price of oil world
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