In This Article:
Wealth host Brad Smith tracks today’s top trending tickers.
NetEase (NTES) stock rises after the China-based game company posted better-than-expected first quarter results.
JetBlue (JBLU) slips after Raymond James downgraded the stock to Market Perform from Outperform, citing limited upside.
Pinterest (PINS) was upgraded to Outperform at Wolfe Research, citing potential from new ad tools and an attractive valuation.
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Now time for some of today's trending tickers. We're watching NetEase, JetBlue and Pinterest. First up, China-based video game company, NetEase, rising after reporting better than expected first quarter results. Games and related services revenue rose 12% from the prior year. Morgan Stanley calling it a clean beat. Bloomberg Intelligence expects earnings estimates to rise, but says margins at current levels don't look sustainable. Next up, JetBlue getting a downgrade to market perform from outperform at Raymond James. The firm is citing more balanced risk reward amid improving sentiment. The stock hit the firm's $5 price target, so they don't see a lot of upside. Raymond James still sees the airline as a quote "survivor" in the industry, so they don't expect liquidity and that risk even in a downturn. The analyst does name a few things though that could help the stock down the line, like industry consolidation and rumored partnerships even. And finally, Pinterest getting an upgrade to outperform from peer perform at Wolf Research. The firm is more optimistic as they see more muted macro overhanging success in the company's core business due to features like performance plus, and then opportunity with third-party sellers and the stock's reasonable valuation. Wolf setting a $40 a share price target implying 22% upside from the stock's last close. You can scan the QR code below to track the best and worst performing stocks of the session with Yahoo Finance's Trending Tickers page.
