Nobias Insights: 54% of credible authors offer a “Neutral” bias towards Disney shares. 6 out of the 7 credible Wall Street analysts believe that DIS shares are headed higher. The average price target being applied to Disney shares by credible analysts is $138.17 which implies upside potential of approximately 40% relative to DIS’s current share price of $96.20.
Bullish Take: Morgan Stanley analyst Benjamin Swinburne, who receives a Nobias 4-star analyst rating, said that he believes Iger's return "improves the risk/reward" surrounding Disney shares.

Bearish Take: Matthew Clark, a Nobias 4-star rated author, said, “We consider it [Disney] a “High-Risk” stock and expect it to significantly underperform the market over the next 12 months.

Nobias Insights: 67% of recent articles published by credible authors focused on MDT shares offer a “Bullish” bias. 50% of credible Wall Street analysts believe shares are likely to rise in value. The average price target being applied to Medtronic shares by credible analysts is $99.33, which implies an upside potential of approximately 25% relative to Medtronic's current share price of $78.96.

Bullish Take from Gen Alpha, a 5-star rated Nobias author: “I believe Medtronic is a premium quality enterprise that trades at a significant discount to its historical valuations.”

Bearish Take: 4 credible Wall Street analysts: Wells Fargo analyst Larry Biegelsen, Stifel analyst Rick Wise, Citi analyst Joanne Wuensch, and Truist analyst Richard Newitter, all lowered their fair value estimates for MDT shares post-earnings.

Performance: Amazon shares rallied by 10.9% this week, yet they’re still down by 40.85% on the year; this compares poorly to the S&P 500 which is down by 16.75% on the year and the Nasdaq Composite Index which has fallen by 28.48% during 2022 thus far.

Event and Impact: Amazon faces macroeconomic headwinds which have caused its major growth engines to slow. Poor fundamental results have led to the stock’s price-to-earnings ratio increasing, even as its share price falls.

Noteworthy News: AMZN posted Q3 earnings recently, missing Wall Street’s expectations with $127.1 billion in sales (which was $370 million below consensus), but beat estimates on the bottom-line, posting non-GAAP earnings-per-share of $0.28.

Nobias Insights: 59% of recent articles published by credible authors focused on AMZN shares were “Bullish”. Only 14 out of 15 credible Wall Street analysts believe shares are headed higher. The average price target being applied to Amazon shares by credible analysts is $177.21, which implies upside potential of approximately 69.9% relative to AMZN’s current share price of $100.77.

Performance: Occidental Petroleum (OXY) shares were flat this week; however, they’re up by nearly 17% during the last month. On a year-to-date basis, Occidental shares are up by 139.31%, making the stock a major out-performer during a year when the S&P 500 is down nearly 17%.

Event and Impact: Warren Buffett’s Berkshire Hathaway continues to accumulate OXY shares, driving up its valuation.

Noteworthy News: OXY posted Q3 results this week, beating Wall Street’s consensus on the top-line, but missing on the bottom-line by $0.01/share.

Nobias Insights: 73% of recent articles published by credible authors were “Bullish”. Only 4 out of 8 credible Wall Street analysts believe shares are headed higher. The average price target being applied to Occidental shares by credible analysts is $77.35, which implies upside potential of approximately 3.9% relative to OXY’s current share price of $74.33.

Performance: The Walt Disney Company shares sold off more than 5.5% this week. DIS shares are now down nearly 39.4% on the year, drastically underperforming the S&P 500, which is down by 16.75% during 2022 thus far.

Event and Impact: Disney continues to invest heavily in its streaming platform and direct to consumer content; however, management doesn’t expect its Disney+ streaming service to be profitable until 2024.

Noteworthy News: Disney reported Q4 earnings this week, missing Wall Street’s estimates on both the top and bottom lines.

Nobias Insights: 54% of credible authors offer a “Neutral” bias towards Disney shares. 6 out of the 7 credible Wall Street analysts believe that DIS shares are headed higher. The average price target being applied to Disney shares by credible analysts is $138.17 which implies upside potential of approximately 45.4% relative to DIS’s current share price of $95.01.

Performance: British Petroleum (BP) shares rose more than this week. BP shares are now up by 23.98% on the year, meaning that they’ve drastically outperformed the broader market this year (the S&P 500 is down by 20.89% during 2022 thus far).

Event and Impact: BP posted earnings that included $8.6 billion in profits, allowing the company to increase its dividend and announce significant buyback plans moving forward.

Noteworthy News: In response to rising profits and shareholder returns from the oil/gas space, politicians are discussing “windfall” taxes which could hurt profitability in the industry in the coming quarters.

Nobias Insights: 64% of recent articles published by credible authors were “Bullish”. 5 out of 6 credible Wall Street analysts believe shares are headed higher. The average price target being applied to BP shares by credible analysts is $38.60 which implies upside potential of approximately 13.8% relative to BP’s current share price of $33.92.

Performance: Meta Platforms shares sold off more than 21% this week. META shares are now down nearly 72% from their 52-week highs and they’ve drastically underperformed the broader market this year (META shares are down by 70.70% on a year-to-date basis while the S&P 500 is down by 18.7%.
Event and Impact: META continues to invest heavily into its virtual reality platform; however, investors question whether or not these investments will ever pan out.
Noteworthy News: Meta Platforms missed analyst consensus estimates on both the top and bottom lines during Q3.
Nobias Insights: 64% of recent articles published by credible authors were “Bullish”. 12 out of 15 credible Wall Street analysts believe shares are headed higher. The average price target being applied to Apple shares by credible analysts is $215.57 which implies upside potential of approximately 117% relative to META’s current share price of $99.20.

Performance: Apple shares rallied 7.53% on Friday after reporting a top and bottom-line beat during their fiscal Q4 report. This pushed their year-to-date results up to -14.4%, better than the S&P 500’s -18.7% results and the Nasdaq’s -29.9% year-to-date losses.

Event and Impact: Apple’s sticky ecosystem allowed it to generate reliable profits while other technology firms struggled.

Noteworthy News: Apple posted record Q4 sales results, sparking a near-term rally.

Nobias Insights: 50% of recent articles published by credible authors were “Bullish”. 11 out of 13 credible Wall Street analysts believe shares are headed higher. The average price target being applied to Apple shares by credible analysts is $$186.82 which implies upside potential of approximately 20%.

Performance: International Business Machines has been a major laggard in the tech sector over the last 5 and 10-year periods. However, the stock has outperformed during 2022 thus far, due to its strong cash flows and relatively low valuation.

Event & Impact: IBM posted Q3 earnings this week, causing the stock to rally by 6.5%.

Nobias insights: The credible analysts that Nobias tracks see total return potential of nearly 14% from the stock’s current share price.

Performance: Lockheed Martin posted Q3 results this week, beating Wall Street estimates on the bottom-line.

Event & Impact: LMT shares are up more than 28% on a year-to-date basis, outperforming the S&P 500, which is down nearly 22% during 2022 by a wide margin.

Nobias insights: The credible analysts that Nobias tracks see total return potential of nearly 10% from the stock’s current share price.

• Performance: JPM shares have underperformed the broader market during 2022 thus fall, falling more than 31%, compared to the S&P 500’s -25% performance.

• Event and Impact: Rising interest rates are bolstering JPM’s net interest income.

• Noteworthy news: The company just beat Wall Street’s estimates on both the top and bottom lines, sparking a near-term rally.

• Nobias: 57% of recent articles by credible authors are “Bullish” and so are 5 out of the 7 credible Wall Street analysts. JPM shares closed Monday’s trading session at $115.86/share; the credible analysts’ average price target of $134.14 represents upside potential of over 20%.

• Tesla shares have fallen by nearly 30% during the last month, largely due to fears associated with Elon Musk being forced to sell shares to pay for his Twitter acquisition.

• Tesla announced its first semi-truck sale, representing a large growth opportunity for the company as it enters into another vehicle market.

• Credible authors are largely bearish on TSLA shares; however, credible analysts see upside potential of approximately 47%.

• The U.S. Department of Commerce recently introduced new rules and regulations on semiconductor exports to China.

• These headlines caused the iShares Semiconductor ETF (SOXX) to sell-off by nearly 10% during the last week.

• However, credible authors and analysts believe that Texas Instruments is a bargain after its recent weakness, offering double digit total return potential.

In recent days, the rumor-mill on Twitter began circulating reports and headlines that Credit Suisse (CS) is headed towards a Lehman Brothers-like collapse due to rising credit default swaps. CS’s credit default swaps are now approaching the highs seen during the 2008 financial crisis, which saw U.S. investment bank Lehman Brothers go bankrupt. Yet, contrarian investors bought looked past rumors of the bank’s demise and bought the dip this week, causing a 30%+ rally. Credible authors and analysts tracked by the Nobias algorithm do not agree with the stock’s recent bullish momentum.

Walgreens Boots Alliance (WBA) is down by 42.48% on a year-to-date basis. This poor 2022 performance has pushed WBA’s medium and long-term total returns down into negative territory as well. Walgreen’s trailing 5-year and trailing 10-year price returns are -56.31% and -15.08%. This means that the stock has underperformed the S&P 500 by a wide margin during the last decade.Credible analysts are calling for upside potential north of 33%.

President Biden recently announced that the COVID-19 pandemic is ending in the United States.Pfizer shares are down by more than 22% on a year-to-date basis.Despite this weakness, the majority of recent articles that Nobias tracks on the stock recently have been bullish and the average price target being applied to shares by credible Wall Street analysts implies upside potential of approximately 25%.

Ford shares experienced their worst sell-off in 11 years yesterday, falling by 12.3%. Management pre-released earnings data, highlighting lower profit forecasts in the near-term due to rising costs. Like other large cap names, Ford management expressed concerns about the health of the broader economy in the face of hawkish Fed policies.

Costco posted earnings on Friday, with sales meeting Wall Street expectations and earnings-per-share beating consensus estimates. However, COST shares fell by 4.26%, being pulled lower alongside the rest of the market during Friday’s macro sell-off. Credible analysts aren’t dismayed by the recent results; their average price target for COST shares implies upside potential of approximately 17%.

FedEx pre-announced earnings on Friday, lowering full-year estimates on the top and bottom lines, causing its shares to fall by 21.4%. Management highlighted cost saving measures that they plan to take to combat the macro headwinds that they’re experiencing. Despite the stocks recent weakness, credible analysts remain bullish on shares, with an average price target that implies upside potential of approximately 40%.

Adobe reported fiscal Q3 earnings on Thursday before the market opened. The company missed analyst consensus estimates by $10 million on the top-line, posting $4.43 billion in sales. ADBE beat Wall Street’s expectations on the bottom-line by $0.06 with non-GAAP earnings-per-share of $3.40. The stock opened the trading session down roughly 13%. By the time the market closed on Thursday, shares had fallen by 16.79%. And yet, it appears that this sell-off wasn’t based upon the company’s fundamental results, but instead, a large acquisition that management announced alongside the earnings data.