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Barclays lowers TD Synnex price target amid mixed earnings and market challenges

Barclays analyst Tim Long has lowered the price target for TD Synnex to $125 from $148 while maintaining an Equalweight rating, citing uncertainties in IT spending recovery and component shipment delays affecting major clients like Meta Platforms. Despite a slight miss in Q2 2025 earnings, the company reported a 7.5% year-over-year increase in gross billings, with projections for EPS growth in the upcoming quarters. Analyst Adam Tindle from Raymond James also adjusted his price target to $125, highlighting confidence in cash flow improvements and upcoming discussions on long-term growth strategies.

stanley druckenmiller shifts strategy investing millions in teva pharmaceutical

Billionaire Stanley Druckenmiller has sold over $2.5 billion in stocks, including his entire stake in Nvidia and most of Palantir, to invest approximately $30.3 million in Teva Pharmaceutical, which has seen a 100% stock surge in 2024. Druckenmiller expressed concerns about the Federal Reserve potentially cutting rates too soon, shifting his focus from economic worries to inflation as he questions whether the Fed has prematurely declared victory over inflation.

stock market faces sharp sell-off as yields rise and major stocks tumble

The stock market faced significant losses following the Federal Reserve's rate outlook, with the Dow Jones plunging 2.6% and the S&P 500 down 2.95%. Major tech stocks like Nvidia and Tesla also fell, while Micron's weak guidance led to a sharp decline in its shares. Despite a slight bounce in futures, the market remains volatile, with rising Treasury yields and economic uncertainty ahead.

Seagate CEO to Present Business Update at UBS Technology Conference

Seagate’s CEO, Dave Mosley, will present a business update at the UBS Global Technology and AI Conference, focusing on the completion of HAMR drive testing and upcoming shipments. While HDD demand is rising, production delays may reduce Q3 revenue by up to $200 million, although Q2 results meet expectations.
12:31 03.12.2024
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