Stanley Druckenmiller Bets Big on AMZN, AMD — Dumps AVGO, INTC and MU in Q2
Stanely Druckenmiller rotated into Amazon, AMD and AI infrastructure while dumping Broadcom, Intel and Micron.
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MercadoLibre's AI, Fintech And Commerce Boom Can't Offset Margin Concerns
MercadoLibre tops Q2 revenue at $10.2B, but stock falls on margin squeeze from free shipping & credit expansion.
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Tiger Global Management Increases Stake In Mercadolibre Inc By 13% To 153,126 Shares
Read original at benzingaJim Cramer Says Buy Carpenter Technology, Calls This IT Services Stock a 'Value Trap'
Cramer recommends buying Carpenter Technology (NYSE: CRS) and calls DXC Technology (NYSE: DXC) a value trap. Senseonics Holdings (NASDAQ: SENS) posts upbeat sales and Ubiquiti (NYSE: UI) reports worse-than-expected results. Hess Midstream (NYSE: HESM) is a winner while Zeta Global (NYSE: ZETA) announces a new CMO. UL Solutions (NYSE: ULS) is a potential buy and Coupang (NYSE: CPNG) is not recommended, but MercadoLibre (NASDAQ: MELI) and Amazon (NASDAQ: AMZN) are worth considering.
Read original at benzingaMercadoLibre shares are trading higher after JP Morgan raised its price target on the stock from $1900 to $2150.
Read original at benzinga