Bernstein

Bernstein analysts expect International Business Machines Corp. (NYSE: IBM) to beat or meet consensus view when the company reports its third-quarter results on October 17. The report is also expected to reaffirm its FY16 EPS and free cash flow (FCF) guidance. But, the brokerage is concerned with...

Bernstein’s Lisa D. Ellis believes investors are grappling with practical and strategic options for Paypal Holdings Inc (NASDAQ: PYPL) following the deals between Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA). Ellis maintains a Market Perform rating on PayPal with a price target of $41....

Bernstein has started coverage of Broadcom Ltd (NASDAQ: AVGO) with an Outperform Rating and $215 target, implying potential upside of 27 percent. When Avago acquired Broadcom, the former took the name of the latter. "[T]he current company, by any name, has been a powerhouse, growing revenue by 9x,...

Apple Inc. (NASDAQ: AAPL) could "easily" acquire Netflix, Inc. (NASDAQ: NFLX), but that doesn't necessarily mean it should. Bernstein's Toni Sacconaghi explored what an acquisition of Netflix by Apple would look like. For starters, buying Netflix so Apple can run its library...

Bernstein’s Lisa D. Ellis expects Paypal Holdings Inc (NASDAQ: PYPL) to “transition to a payments incumbent, delivering a stable but pressured earnings stream.” Ellis maintained a Market Perform rating on the company, with a $41 price target. The analyst mentioned that...

Talk about good timing. In a report released Thursday morning, Stacy Rasgon of Bernstein explored a hypothetical question of "Should QUALCOMM, Inc. (NASDAQ: QCOM)" and if so, should it be NXP Semiconductors NV (NASDAQ: NXPI)? Several hours after the report was delivered to clients,...

Analyst sentiments on Amazon.com, Inc. (NASDAQ: AMZN) have improved in the current month, as the third quarter is nearing its closure. One of the reasons for this is likely the monetization of a number of announcements made over the last several years, which can be seen from the number of analysts...

Approximately 75 percent of Apple Inc.'s (NASDAQ: AAPL) profit are derived from iPhone sales. Given that the new iPhone 7 is now available for purchase, investors are not only asking how many devices the company will sell, but at what price. According to Toni Sacconaghi of Bernstein, Apple...

Bernstein believes Amazon.com, Inc. (NASDAQ: AMZN) Prime Now could play a crucial role in consumer packaged goods (CPG) sales. Bernstein analysts led by Carlos Kirjner have analyzed seven retailers' thousands of locations where Prime Now is available. The seven retailers were: Costco Wholesale...

With consensus gross margins expectations for Texas Instruments Incorporated (NASDAQ: TXN) looking really low, juxtaposed with the recent stock pullback, analyst Stacy A. Rasgon of Bernstein believes this offers a buying opportunity. Rasgon upgraded Texas Instruments' rating from Market-Perform to...

When oil was flirting with the $150 per barrel mark, people were flocking to Google to search for the term "peak oil." Today, Google (Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)) searches for "peak oil" are all but nonexistent. Peak oil refers to a term that oil prices can only rise over time given...

Bernstein analysts David Beckel and Apple Li are bullish on the cruise industry while remaining cautious toward lodging and powersports. Beckel and Li analyzed seven stocks from the three different segments and selected four — Royal Caribbean Cruises Ltd (NYSE: RCL), Norwegian Cruise Line...

Bernstein's Toni Sacconaghi maintained an Outperform rating on Apple Inc. (NASDAQ: AAPL) with an unchanged $125 price target following the official introduction of the iPhone 7. Sacconaghi offered five key takeaways from the event in a note. 1. Largely As Expected The iPhone 7 was...

Investors often weigh the pros and cons of active fund management and passive fund management. While they usually approach the issue in terms of which style will generate the highest returns, Bernstein analyst Inigo Fraser-Jenkins argues that active investment is a positive driving social force...