U.S. President Donald Trump lashed out at Turkey on Friday, doubling import tariffs on steel and aluminum in protest of the detention of American pastor Andrew Brunson. Trump’s decision tanked the Turkish lira and disrupted equity markets around the world, but analysts say it’s more good news for United States Steel Corporation (NYSE: X) stock.
Papa John’s (ticker: PZZA) stock has taken a beating in 2018 amid slumping sales and management drama related to the resignation of former CEO John Schnatter. But while Papa John’s struggles to right the ship, analysts say Domino’s Pizza, Inc. (DPZ) is well-positioned to siphon off more of Papa John’s business.
Analysts say Advanced Micro Devices, Inc. (Nasdaq: AMD) is well-positioned to take market share away from data center and PC processor market leader Intel Corporation (INTC), now that Intel delayed the launch of its 10 nanometer processors until 2019.
Yelp Inc (NYSE: YELP) stock exploded higher by more than 26 percent on Thursday following a major earnings beat and positive commentary from the company. But even after the big gains, analysts say YELP stock could still have room to run in the long term.
Analysts are largely skeptical of the prospects of a stand-alone Rite Aid Corporation (NYSE: RAD) now that the company and Albertsons announced they mutually backed out of their proposed merger agreement.
Booking Holdings Inc (Nasdaq: BKNG) stock took a nosedive on Thursday morning, dropping more than 5 percent after the company’s guidance disappointed Wall Street. Despite the short-term hiccup, analysts remain optimistic about Booking’s long-term outlook given its dominant position in the high-growth online travel market.
Berkshire Hathaway, Inc. (BRK.A, BRK.B) has more than $100 billion in cash cash on its balance sheet at the moment, and Morgan Stanley analyst Kai Pan says Berkshire CEO Warren Buffett may be eyeing a buyout of Southwest Airlines Co (NYSE: LUV).
Match Group Inc (Nasdaq: MTCH) stock jumped more than 17 percent on Wednesday after the online dating giant’s second-quarter earnings beat and guidance raise. Analysts say Tinder is leading a resurgence in North American growth for Match, and investors have little to fear from a Facebook (FB) dating service.
Things went from bad to worse on Tuesday for Papa John’s Int’l, Inc. (Nasdaq: PZZA) shareholders when the company followed up its recent management controversy with a major second-quarter earnings miss. Even with PZZA stock down 37 percent in the past three months, analysts say things could get even worse for Papa John’s before they get better.
Walt Disney Co (NYSE: DIS) investors got some bad news on Tuesday when the company reported fiscal third-quarter earnings and revenue numbers that fell short of Wall Street expectations. DIS stock initially dropped 2 percent as investors zeroed in on Disney’s uncertain future.