Stocks slid even further Monday and were near session lows heading into the final hour of trading.
"We have cut our '23 & '24 Revenue ests by 4% & 5%, and our '23 & '24 Operating Income ests by 9% & 8% and are now below the Street. We have also lowered our PT to $150, based on 14X our '24 EBITDA of $114B," Mahaney wrote in a Sunday note. "We continue to view AMZN as highly attractive for long-term investors as a DHQ stock and see several Value Unlocks that we highlight in this report," he added.
"I like companies like a Rockwell Automation, for instance, that are able to improve the technology of these manufacturing companies, be able to make them more efficient, and hopefully mitigate some of the pressure that they have from hiring," she told CNBC's "Halftime Report" on Monday, noting that the sector's faced an exodus as older workers retire.
We're in a recession, Joe doesn't get to redefine recession to fit his blundering mess. Admit it, Joe Biden is a failure
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