Loop reiterated Apple as a buy, citing strong iPhone shipments. Piper Sandler stuck with Tesla ahead of earnings. Deutsche Bank initiated GE Vernova as a buy. Morgan Stanley initiated BioAge Labs at overweight. Barclays downgraded UPS, Stifel downgraded Old Dominion and Saia. Goldman Sachs upgraded Warby Parker, Needham upgraded GitLab. Deutsche Bank upgraded Healthpeak Properties, reiterating Reddit as a buy. Wedbush upgraded RH, Barclays reiterated Nvidia as overweight. Baird upgraded Mohawk Industries, TD Cowen downgraded Solar Edge. Morgan Stanley reiterated Home Depot as overweight, Goldman Sachs downgraded Prologis. JPMorgan upgraded Sportradar, added a positive catalyst watch on Xpev. Morgan Stanley downgraded ServiceNow, Loop upgraded JD.com, and Bank of America reiterated Amazon as a buy. There are 2.6 billion people globally without broadband access, presenting a $26 billion revenue potential by 2032, as per Fortune Business Insights. However, the lack of disposable income poses challenges for the unconnected population, while Amazon’s satellite service faces stiff competition from Starlink, requiring substantial upfront investments and high recurring costs.
Full Article