Welcome to Extreme Investor Network, where we bring you the latest insights and updates on the stock market. In today’s blog post, we’ll be discussing some of the biggest calls on Wall Street from this past Wednesday.
First up, BMO initiated Old Dominion as outperform, citing the company’s strong performance in the freight industry. With a track record of consistently being among the top three performing transport stocks, Old Dominion has returned an impressive 4,594% since January 2009.
Next, Morgan Stanley reiterated its overweight rating on Tesla ahead of the June 13 shareholder meeting. The investment firm believes that without Elon Musk achieving a 25% voting stake in the company, shareholders should be prepared for Tesla to slow down its direct investment in advanced AI efforts.
Bank of America also reiterated its buy rating on Nvidia, stating that the company is best positioned to enable the IT industry to deliver AI services. With a reaffirmed buy rating and a price target of $1500, Bank of America remains bullish on Nvidia.
Gordon Haskett upgraded Instacart to buy from neutral, pointing to an attractive risk/reward profile for the company’s shares. Despite a 20% decline post 1Q print, the firm sees potential for order upside in 2Q.
Barclays raised its price target on Taiwan Semiconductor to $170 per share, reiterating its overweight rating on the leading global foundry. As a bellwether for the semiconductor industry, TSMC’s performance is closely watched by investors.
In addition to these major calls, there were upgrades, reiterations, and initiations on companies like Boston Beer, Uber, Applied Materials, Sunoco, Apple, Disney, Jazz Pharmaceuticals, Amazon, Coinbase, EVgo, Meta, AbbVie, and LifeMed.
Stay tuned for more valuable insights and updates on the stock market here at Extreme Investor Network. Don’t miss out on our unique analysis and expert commentary that sets us apart from the rest. Keep investing wisely!