Walmart (WMT) – Analysts at Morgan Stanley maintained the equivalent of a buy rating on Walmart but said “the stock may tread water in the near-term.” The firm’s analysts still see Walmart as a relatively defensive name amid recession fears given the company’s high exposure to the grocery segment.
McDonald’s (MCD) – Cowen analysts liked McDonald’s Q2 earnings beat and said the company is “executing well in a challenging global backdrop.”
General Motors (GM) – Wedbush analyst Dan Ives noted GM’s Q2 results were inline with expectations but believes the company’s management needs to begin “walking the walk” on their long-term electric vehicle plans. Ives said “patience is wearing thin on the Street around the name.”
F5 Networks (FFIV) – Analysts at Needham noted F5’s beat and raise quarterly report and pointed out that while expectations for networking companies were ratcheted down recently, demand expectations for F5’s segment, software and security, remain strong.
Cadence Design Systems (CDNS) – Needham called Cadence Design “a bright spot in a gloomy semiconductor industry.” The firm raised expectations on Cadence following the company’s strong quarterly report.