News

Alphabet's fourth-quarter earnings fell short of expectations, with cloud revenue growth slowing and concerns emerging about the upcoming remedy trial. Despite this, analyst Curtis Shauger initiated coverage with a Buy rating and a price target of $210, citing the company's strong cash flow, dominant search position, and potential for growth in emerging areas like AI.

Rivian CEO RJ Scaringe expressed concern over the U.S. lagging behind China in the EV market, citing China's rapid innovation and affordable options. He emphasized the need for more affordable EVs in the U.S. under $50,000, highlighting Rivian's upcoming R2 model and the importance of technology and vertical integration.

Taiwan Semiconductor Manufacturing Co encountered significant market instability following political developments, with its stock declining close to 15% year-to-date as Trump assumed office. The company announced an incremental $100 billion investment plan in the U.S. and additional fabs, amidst speculations about its strategic moves related to rival Intel and domestic versus international commitments.

PayPal stock is facing technical headwinds, with key indicators suggesting a bearish trend and a potential "Death Cross." However, analysts at Mizuho remain optimistic about the company's long-term prospects, citing growth potential in Pay with Venmo and strategic initiatives aimed at boosting transaction margins and user experience.

President Trump is set to announce new tariffs on April 2, a day he has dubbed "Liberation Day," with the goal of strengthening the U.S. economy and promoting domestic manufacturing. The proposed tariffs could encourage companies to shift production back to the United States, potentially benefiting major firms like Caterpillar, Rockwell Automation, Eaton Corporation, and Fastenal.