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The Latest Breaking News from Colin Sebastian

Unusual Options Activity in Alphabet Stock Today Highlights Its Value

Unusual options activity in Alphabet stock highlights the underlying value in GOOGL shares. Out-of-the-money (OTM) put options in 30-day expiration puts are trading at 14 times the prior number outstanding.

Barchart

Analyst revamps Amazon stock price target on retail profit outlook

This is what could happen next to Amazon shares.

The Street

'Dumb Money' Loses $13.1 Billion In Latest GameStop Stock Mania

Fool me twice? It appears GameStop meme investors got suckered — again.

Investors Business Daily

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Analysts revise Shopify stock price target after earnings

This is what could happen next to Shopify shares.

The Street

'Grand Theft Auto 6' Anticipation Is Boosting Use Of Older GTA Games

TTWO stock is getting a sales boost from older GTA games ahead of the release of "Grand Theft Auto 6."

Investors Business Daily

Amazon Gets An Earnings Lift, But Is It Back On The Growth Track?

E-commerce and cloud-computing leader Amazon.com has much to prove as it attempts to regain its mojo.

Investors Business Daily

Activision Blizzard Reports Strong Q2 Results Amid Microsoft Deal

Analysts maintain ratings and price targets as merger extension terms are revealed.

Zenger

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Amazon's Surprising Secret Weapon For Its Successful Prime Day: TikTok

E-commerce leader Amazon said this year's Prime Day sales event was its biggest ever with customers purchasing a record number of items.

Investors Business Daily

AI Stocks: In Case You Missed It This Week On Artificial Intelligence News

With investors homing in on AI stocks, management at many companies continued to call out generative AI on earnings calls with analysts.

Investors Business Daily

Meta Stock Strives For Recovery In Its 'Year Of Efficiency'

Meta stock has seen a strong rebound as it reorganizes and cuts 21,000 jobs to achieve what the company calls a "year of efficiency."

Investors Business Daily

Amid Weak Digital Ad Outlook, Apple, Walmart, Internet TV Are Still Bright Spots

Amid a glum outlook for digital ad growth in 2023 as the U.S. economy slows, bright spots could be Apple, Walmart and internet TV.

Investors Business Daily

Cyber Monday Sales Look Encouraging, Following Black Friday Growth

Cyber Monday sales are expected to rise to at least $11.2 billion, with electronics, audio components, toys and exercise gear being top sellers.

Investors Business Daily

China Internet Stocks Buffeted By Tough Challenges, Slowing Growth

China internet stocks, including Alibaba, JD.com and Tencent, are facing a long list of challenges that have slowed revenue growth.

Investors Business Daily

Is Doom And Gloom In Store For Tech Stocks This Earnings Season?

The earnings calendar for tech stocks kicks into high gear in coming days as one analyst draws comparisons with two difficult years.

Investors Business Daily

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AFP

Amazon to buy Roomba-maker iRobot in $1.7 bn deal

San Francisco (AFP) - Amazon on Friday announced a $1.7 billion deal to buy the maker of robotic vacuum Roomba in a merger that would play into the tech giant's artificial intelligence and smart home ambitions.

Investors Business Daily

Video Game Stocks Hit Reset Button With Industry Consolidation

For investors this year, it’s been game over for video game stocks, except those involved in mergers and acquisitions.

Investors Business Daily

Alibaba Quarterly Results Beat Estimates, Stock Jumps

BABA stock trades near a six-year low as China internet giant Alibaba gets ready to report year-end results Thursday morning.

AFP

Airbnb says record bookings signal travel rebound

San Francisco (AFP) - Bookings on Airbnb hit a new high in this year's first quarter, the home rental platform reported Tuesday, in a fresh signal that travel demand stifled by the Covid-19 pandemic is being unleashed.

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Asharq Al-Awsat

Experts See Harsh Realities ahead for Musk at Twitter

Tesla boss Elon Musk's road to turning Twitter into a money-making platform where anyone can say anything looks to experts like a tough one. Musk's $44-billion deal to buy the global messaging platform must still get the backing of shareholders and regulators, AFP said. And while Musk has not revealed…

AFP

Experts see harsh realities ahead for Musk at Twitter

San Francisco (AFP) - Tesla boss Elon Musk's road to turning Twitter into a money-making platform where anyone can say anything looks to experts like a tough one.

Asharq Al-Awsat

Musk-ruled Twitter: Users Left to Fight Trolls and Misinformation?

Elon Musk's vow to let everyone say whatever they want on Twitter after his takeover of the social media giant could put the onus on users to combat bullying and misinformation on the platform, experts say.

AFP

Musk-ruled Twitter: users left to fight trolls and misinformation?

San Francisco (AFP) - Elon Musk's vow to let everyone say whatever they want on Twitter after his takeover of the social media giant could put the onus on users to combat bullying and misinformation on the platform, experts say.

Benzinga

Here's Why Baird Slashed PayPal's Price Target By 15%

Baird analyst Colin Sebastian lowered the price target on PayPal Holdings Inc (NASDAQ:PYPL) to $175 from $205 (51.3% upside) and kept an Outperform rating on the shares. He believed steady or even accelerating trends concerning merchant integration with digital wallets were a crucial medium and long-term positive for PayPal. However, Sebastian remained cautious near term…

People

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