Amazon Lost $1 Trillion In Market Cap This Year

Amazon Lost  Trillion In Market Cap This Year

Photo: Drew Angerer (Getty Images) Amazon, one of the first companies to join the prestigious $1 trillion dollar valuation club, just passed another, admittedly less desirable milestone. This week, Jeff Bezos’ Everything Store became the first publicly traded company to lose $1 million in market valuation. Star Wars: Shatterpoint Announcement Trailer 02:27 The First Things … Read more

Goldman Sachs Downgrades Shell For “Above-Average” Valuation

Goldman Sachs Downgrades Shell For “Above-Average” Valuation

Goldman Sachs on Monday downgraded Shell over what it views as overvaluation compared to its supermajor peers.The European Union’s big oil sector, SXEP, has generated what Goldman Sachs referred to as a “strong” free cash flow of $44.8 billion in the most recent quarter, yet Shell’s “outperformance” has resulted in “a relatively expensive valuation vs … Read more

Are Energy Stocks Still Somehow Cheap?

Are Energy Stocks Still Somehow Cheap?

Energy stocks are outperforming the stock market—by a mile—this year. Record profits at oil and gas firms amid soaring commodity prices have made the energy sector attractive to investors. Yet, the record earnings in energy and commodity stocks are disguising a weaker S&P 500 market, where profit growth has markedly slowed down this year—it has … Read more

Friday’s analyst upgrades and downgrades

Friday’s analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst stocks Saputo Inc. SAP-T continues to face serious pressures in the form of labor shortages, supply chain disruptions, and inflation, but the stage for a recovery over the coming year, Scotia Capital analyst Patricia Baker wrote. The company closed the books on a difficult fiscal … Read more

Are Oil Stocks Due For A Correction?

Are Oil Stocks Due For A Correction?

Crude oil prices have eased past $120/bbl to their highest levels in three months after Saudi Arabia raised the official selling price of its Arab light crude to Asia. Energy traders remain largely bullish that supplies will remain tight and continue supporting high oil prices given short-term supply outlooks. Citing tighter market balances, several analysts … Read more

Tuesday’s analyst upgrades and downgrades

Tuesday’s analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions Scotia Capital analyst George Doumet thinks the Street is not giving “reasonable value” to the expanding Investment Management business of Colliers International Group Inc. (CIGI-Q, CIGI-T), which he believes is “big enough at this point.” In a research note released Tuesday, he said investors … Read more