L'article traite de trois actions qui pourraient bénéficier d'une baisse des taux d'intérêt de la part de la Réserve fédérale : Dominion Energy, D.R. Horton et Realty Income. Il explique comment la baisse des taux peut stimuler les valeurs des services publics, les valeurs immobilières et les sociétés de placement immobilier (FPI).

La Réserve fédérale devrait réduire les taux d'intérêt dans un avenir proche, ce qui pourrait avoir un impact significatif sur le marché boursier. Bien que les baisses de taux soient généralement considérées comme positives pour les actions, la réaction initiale du marché peut être surprenante si l'on se réfère aux tendances historiques.

Looming US interest rate cuts are presenting investors with a choice: stick with the Big Tech stocks that have driven returns or turn to less-loved areas of the market that could benefit from easing monetary policy. Lower rates are seen as beneficial to many corners of the market whose performance has lagged this year, including small-caps, real estate and industrials.

Credit Suisse analyst Stephen Ju maintained Expedia Group Inc (NASDAQ: EXPE) with an Outperform and raised the price target from $172 to $174. EXPE reported 2Q23 results with revenue and adjusted EBITDA of $3.4 billion and $747 million vs. Ju's $3.4 billion and $632 million and consensus of $3.4 billion and $684 million.  Ju's FY23 and FY24 adjusted EBITDA estimates are now at $2.63 billion and $2.64 billion vs. the prior $2.55 billion and $2.75 billion. Results were mixed with a revenue shortfall due to lower gross bookings, offset by strength in B2B. Adjusted EBITDA exceeded Ju's and Street's forecasts, primarily driven by higher gross profits and lower operating expenses.  The company highlighted that travel trends remained consistent from 1Q. The most significant development was the One Key launch in July, and Expedia's ongoing tech stack/Vrbo migration is on track for completion by 4Q23 The re-rating reflected the potential for faster product innovation and bookings growth, marketing leverage, and ensuing operating margin improvement and incremental gross booking and FCF dollars from Vrbo.  JMP Securities analyst Nicholas Jones maintained a Hold rating on Expedia. Expedia reported total gross bookings below expectations and revenue roughly aligned with consensus. At the same time, adjusted EBITDA came in better than expected and benefited from ...Full story available on Benzinga.com

Needham analyst Bernie McTernan reiterated Fiverr International Ltd (NYSE: FVRR) with a Buy and a $40 price target. The re-rating followed better-than-expected 2Q earnings, which featured a beat and raise on revenue and adjusted EBITDA.  It appears 1Q23 will represent the trough point of revenue growth in this cycle for FVRR, in the current stable macroeconomic environment, FVRR is focusing on going up the market, which will drive a mix shift of GSV growth from active buyers to ARPU.  Despite the solid results and guide, McTernan took a more conservative approach to his FY24E estimates with +15% revenue growth and margins down 50bps assuming more significant sales and marketing investment.  He is intrigued with the launch of Neo as a way to leverage generative AI and FVRR's data to provide better matching for buyers in the marketplace, which should drive customer LTVs higher if successful. He expects revenue ...Full story available on Benzinga.com

Credit Suisse analyst Douglas Mitchelson reiterated an Outperform rating on Warner Bros. Discovery, Inc (NASDAQ: WBD) with a price target of $32. WBD reported 2Q23 revenue $90 million ahead and EBITDA $201 million ahead, driven by outperformance at DTC due to licensing deals timing and higher ARPU following Max relaunch. The 2Q FCF was $1.722 billion, $789 million ahead of Mitchelson's estimate and $836 million ahead of Street, primarily driven by working capital optimization. The company updated full-year 2023 adjusted EBITDA guidance to be at the low end of the $11 billion - 11.5 billion target range, 2023 FCF to be $4.5 billion -5 billion, and 3Q FCF similar to 2Q's $1.7 billion and raised merger synergy target $1 billion to $5 billion total. Mitchelson kept 2023-25 EBITDA estimates unchanged. 2023 FCF is increased by $179 million to $4.750 billion, driven by improved working ...Full story available on Benzinga.com

Truist Securities analyst Keith Hughes reiterated a Buy rating on TopBuild Corp. (NYSE: BLD), raising the price target to $340 from $256. BLD recently reported Q2 results, where earnings beat estimates. Sales increased by 3.4% to $1.3 billion. The analyst notes that a combination of backlog, multi-family strength, and synergies from the DI deal continue to help results. The company raised EBITDA guidance range to $950 million-$1.00 billion from $820 million-$910 million (Street $908 million). The updated guidance does not include the company's

Shares of sports betting and iGaming operator DraftKings Inc (NASDAQ: DKNG) are trading higher after the company reported second quarter financial results Thursday after market close. Here’s a look at what analysts are saying after the report. The DraftKings Analysts: Roth MKM analyst Edward Engel has a Sell rating and a price target of $20. JMP Securities analyst Jordan Bender has a Market Outperform rating and a price target of $33. Susquehanna analyst Joseph Stauff has a Positive rating and a price target of $39. Morgan Stanley analyst Stephen Grambling has an Overweight rating and a price target of $32. Needham analyst Bernie McTernan has a Buy rating and a price target of $36. Roth on DraftKings: A beat for earnings by DraftKings came from a lack of competition and “lucky win rates,” according to Engel. “Market share gains have been a catalyst in 2023, particularly with CZR and PENN pulling back marketing early last year,” Engel said. “In 2H23, these smaller operators are targeting another marketing push alongside ...Full story available on Benzinga.com

Atlantic Equities raised the price target for Johnson & Johnson (NYSE: JNJ) from $167 to $170. Atlantic Equities analyst Steve Chesney maintained a Neutral rating. Johnson & Johnson shares rose 0.1% to $170.70 in pre-market trading. JP Morgan cut OUTFRONT Media Inc. (NYSE: OUT) price target from $20 to $14.. JP Morgan analyst Richard Choe downgraded the stock from Overweight to Neutral. OUTFRONT Media shares fell 12.1% to $12.75 in pre-market trading. Telsey Advisory Group boosted the price target for Floor & Decor Holdings, Inc. (NYSE: FND) from $85 to $105. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating. Floor & Decor shares fell 5.9% to $104.53 in pre-market trading. Stephens & Co. increased the price target for Wayfair ...

ATHENS, Greece, Aug. 04, 2023 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “Top Ships”) (NASDAQ:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that following the release of the Company’s financial results for the period ended June 30, 2023 the management estimates the company’s Net Asset Value (“NAV”), as of June 30, 2023 to be $285.3 million.