Author: Mary Waters | Lending Agent

Northrop Grumman Corp (NOC) plunged after missing earnings expectations last week. While this was definitely material news, a look at the three-year weekly chart shows the stock finding solid footing around the $450 multi-year support level — and it’s already starting to show signs of a rebound. Even though several analysts have trimmed their ratings, the median price target still sits at $545 — a lot higher than where NOC is trading right now. Also worth noting: Northrop is part of the industrials sector, and a quick glance at XLI — the Industrials Select Sector SPDR ETF — shows that…

Apple could report a larger-than-expected margin hit in its second-quarter earnings report on Thursday, as investors look for insight into how the iPhone maker is planning to navigate tariffs, according to Evercore ISI. Analyst Amit Daryanani estimates Apple will guide down its gross margin forecast by 50 to 100 basis points quarter over quarter, compared with a consensus estimate of a 40 basis point decline. “We do not expect them to speculate on the impact beyond Jun-qtr or to take a stance on where tariff rates will ultimately settle for the longer term,” Daryanani wrote in a Monday note. “They…

KenWiedemann/Getty Images Key takeaways HomeReady mortgages are a type of conventional loan backed by Fannie Mae for lower-income borrowers. The HomeReady program includes a low 3% down payment and reduced mortgage insurance premiums, and allow rental income to be included in the loan application. To qualify for a HomeReady loan, your income can’t exceed more than 80 percent of your area’s median income. What is a HomeReady mortgage? A HomeReady mortgage is a type of conventional loan that helps lower-income borrowers buy homes or refinance. To qualify, your income can’t exceed 80 percent of the median income in your area…

Jacob Wackerhausen/Getty Images Key takeaways Mortgage lenders specialize in real estate financing and can be a good option for applicants seeking access to diverse and competitive loan choices. Banks offer a wider variety of financial products and services than mortgage lenders, but their mortgage options are often more limited and may be a better option for applicants who have an existing banking relationship. Mortgage brokers act as intermediaries between borrowers and lenders, and can be helpful for applicants with unique financial circumstances. A lucky few can buy a home completely with cash. But most aspiring homeowners need financing to purchase…

Redburn Atlantic recommended Tuesday that investors sell their Tesla stock, as the research firm expects another year of volume declines and strained cashflow. “Our challenging earnings outlook incorporates headwinds from electric vehicle (EV) pricing, Mexico-US and China-Europe tariffs,” Redburn analyst Adrian Yanoshik told clients in a note. Redburn’s estimates for Tesla’s earnings and free cash flow this year are 10% below the Wall Street consensus as the firm sees more downside risk, Yanoshik said. “We note even further risks for downgrades associated with a possible rescinding of US Inflation Reduction Act (IRA) clean vehicle credits,” the analyst also said. TSLA…

Here are the biggest calls on Wall Street on Tuesday: Evercore ISI reiterates Apple as outperform Evercore says it’s sticking with Apple heading into earnings on May 1. ” Apple’s stock price in the near-term will be driven by geopolitics, but we expect AAPL should be able to execute on a host of mitigation strategies to offset the tariff impact over time. Maintain Outperform and $250 target.” Rosenblatt initiates Trade Desk as buy Rosenblatt says it’s bullish on the ad tech company. “We also see upside potential from the recent AdTech antitrust decision against Google. We believe TTD can recover…

After “a period of restriction,” JPMorgan is bullish again on Qualcomm . Analyst Samik Chatterjee reinstated his outlook on Qualcomm with an overweight rating. His price target of $185 per share suggests 25.3% upside potential from Monday’s close. JPMorgan previously held a not-rated designation on the company. “There are near-term concerns around the pull-forward of smartphone demand, both from the channel as well as by consumer upgrades, that are leading us to be cautious in relation to the near-term financials for the company,” Chatterjee wrote in a client note on Tuesday. However, “we remain convinced around the long-term opportunity for…

Amid a difficult backdrop for oil markets, Bank of America has named Diamondback Energy as one of its top picks in the sector. Analyst Kalel Akamine upgraded Diamondback shares to buy from neutral in a Tuesday note. Meanwhile, he lowered his price target to $170 from $202. The new price objective indicates shares rising 23.3% from Monday’s close. According to Akamine, oil markets are currently facing a trade war as well as a price war due to unexpected supply hikes from OPEC+. As a result, he recommends “positioning with a combination of defense and value rather than defense in isolation.”…

Telehealth company Hims & Hers has limited near-term upside potential, according to TD Cowen. The firm downgraded shares to hold from buy in a Tuesday note. Analyst Jonna Kim also lowered her price target to $30 per share from $44, which indicates shares gaining just 5.3% from Monday’s close. The “stock could be range-bound in a post GLP-1 shortage world,” Kim said in the research note. “Near-term upside may be limited, but we like the story for the long-term as HIMS remains committed to making healthcare accessible for all.” GLP-1 medications treat diabetes and obesity and had been in shortage…

Although UBS remains broadly bullish on Amazon, it’s lowering first-quarter estimates due to tariff headwinds. Analyst Stephen Ju cut his price target on shares to $253 from $272, which still implies 35.3% upside potential from Monday’s close. He also reiterated his buy rating on the stock. Amazon is slated to report first-quarter results Thursday. Ahead of the results, Ju forecasts at least 50% of the goods sold on Amazon are subject to tariffs and will see higher prices. “We anticipate some level of tariff-driven demand destruction due to price elasticity,” Ju wrote in a client note on Tuesday. Due to…