Top Calls on Wall Street: Tesla, Amazon, Nvidia, Meta, Netflix, JD.com and More
@Tiger_Newspress:
Here are Friday’s biggest calls on Wall Street:Bernstein reiterates Tesla as underperformBernstein concluded in an analysis of Tesla that the company is more of an automaker than a tech company.“On net, we lean more towards the sentiment that Tesla is a car company, and the car industry is brutally competitive, and will not allow volume participants to have sustained outsized margins. As Warren Buffett has noted, a tough industry will ultimately triumph over great management, and we believe that it is the case for autos/Tesla.”TD Cowen reiterates Amazon as outperformTD said it sees the e-commerce giant’s earnings report to be “above consensus” when it reports its quarterly results later this month.“We like AMZN shares into 3Q earnings as we are 0.8% above consensus revenue with growth driv