Latest news with #Nowak
Korea Herald
15 hours ago
- Entertainment
- Korea Herald
German embassy showcases techno music for cultural exchange, means of diplomacy
The German Embassy in Seoul showcased what it called "techno music diplomacy" in Seoul on Saturday. Hosting an all-night techno event that ran from 8 p.m. to 6 a.m., the show attracted young techno enthusiasts in their 20s and 30s. The event featured German sound artist Nik Nowak, whose installation The Mantis blends art, politics and history using 23 Cold War-era loudspeakers, exemplifying the intersection of club culture and sociopolitical expression. In his remarks at the artist talk, David Bieger, public diplomacy and press officer at the German Embassy, told The Korea Herald that the embassy's techno diplomacy program is designed to promote cultural exchange to showcase Germany's vibrant techno scene. He highlighted Berlin techno's UNESCO recognition and its role as a creative and inclusive space, noting that East Asian DJs, including Joon Kwak, have participated in the program. Nowak, who visited North Korea in 2017 to meet local artists, shared his views on art and sound in divided societies. 'I would ask the good people there to stay strong, arrange their lives as best they can and keep hope,' he told The Korea Herald. 'When I met people in North Korea, some even expressed the hope of one day visiting freely. That vision of a future with freedom and new relationships touched me deeply. Having grown up in a divided country myself, I know how important it is to stay open and maintain hope, even amid external pressures.' Discussing his work, Nowak compared North Korea's use of loudspeakers and disturbing noises to historical examples, such as psychological operations during the Vietnam War, noting that sound has long been used as a tool of influence and control. Reflecting on his "Symphony of Silence" project, he explained his attempt to use sound —and silence — as a neutral artistic space between North and South Korea. 'Even the idea of silence is never neutral,' he said, noting that North Koreans censored the project as undermining their revolution. Nowak also created a sculpture with two loudspeakers facing each other, inspired by North Korean monuments, symbolizing the preservation of multiple narratives for a postunification society. He shared upcoming projects, including an outdoor festival in South Korea and a sound installation in Berlin, emphasizing that his work explores sound, memory, identity and peace. While South Korean sound systems are accessible for artistic use, he noted, North Korean systems remain integral to internal state control. Berlin techno, recognized as UNESCO Intangible Cultural Heritage, has long served as both a creative hub and a safe space for minorities, according to the embassy. sanjaykumar@
Yahoo
a day ago
- Business
- Yahoo
Amazon (AMZN) Ups the Game With Grocery Expansion, Morgan Stanley Sticks to Buy Call
Inc. (NASDAQ:AMZN) is one of the best big tech stocks to buy right now. On Thursday, August 14, Morgan Stanley's Brian Nowak reiterated his Buy rating on Amazon, keeping a $300 price target, citing the company's push deeper into the grocery business as a key growth driver. Amazon recently expanded its grocery offerings on to include more fresh and perishable items and lowered delivery fees for Prime members. Nowak sees these steps as positioning the company to tap into the $1.5 trillion offline grocery market. A grocery store employee stocking shelves with fresh fruits and vegetables. The company, a day ago, announced that Prime members in over 1,000 cities and towns can now get fresh groceries with free same-day delivery on orders above $25, with coverage expected to expand to more than 2,300 locations by the end of 2025. In 2024, Amazon recorded over $100 billion in grocery and household essentials sales, excluding Whole Foods Market and Amazon Fresh. The analyst believes that Amazon can use its scale, expansive logistics network, and data-driven operations to gain an edge over its competitors. In addition, it can combine a broader grocery selection with competitive prices and faster delivery, which can help the company to capture more market share in the category. Nowak views this initiative as a meaningful contributor to Amazon's long-term revenue trajectory, reinforcing the case for the stock at current levels. Inc. (NASDAQ:AMZN) operates across e-commerce, digital content, advertising, and cloud computing. Its online and offline stores offer both in-house and third-party products, while its Amazon Web Services (AWS) division runs one of the world's largest data center networks. While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Defensive Stocks to Invest in According to Analysts and 10 Best Large Cap Tech Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
4 days ago
- Business
- Business Insider
‘Challenge to Peers,' Says Top Analyst on Amazon's Big Grocery Bet
Morgan Stanley's top analyst, Brian Nowak, believes that Amazon's (AMZN) grocery expansion plans could pose a challenge to its peers as it seeks to capture a larger share of the multi-trillion-dollar online grocery market. The e-commerce giant announced that it is making same-day fresh food delivery available in more than 1,000 U.S. cities and towns, with plans to expand this to at least 2,300 locations by the end of the year. Shares of competitors Instacart (CART), Walmart (WMT), Kroger (KR), and Albertsons (ACI) fell in response to the news yesterday. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Nowak maintained his 'Buy' rating on AMZN stock, with a Street-high price target of $300, implying 33.6% upside potential from current levels. Nowak is a five-star analyst on TipRanks, ranking #615 out of the 9,948 analysts tracked. He boasts a 62% success rate and an average return per rating of 7.70%. Here's Why the Analyst Is Bullish About Amazon Nowak highlighted that Amazon's move to expand its grocery selection on will effectively lower its delivery costs and minimum basket size. The analyst added that the company is aiming to capture a larger share of the $1.5 trillion offline grocery market. According to Nowak, Amazon had been losing a 'modest' share of the online grocery market to peers like Walmart, DoorDash (DASH), and Uber (UBER) due to factors such as price, selection, convenience, delivery, and pick-up options. However, Amazon's push to expand its grocery market online and lowering prices shows a stronger commitment to investing for the long-term and faster growth. Furthermore, Nowak believes that the extent to which Amazon increases competition could threaten the growth or profitability potential of its peers. Among its rivals, Nowak noted that Walmart has the 'most demonstrable track record of share gains and that it has been preparing for this risk over the last decade.' In recent years, Amazon has been actively changing its grocery strategy by making changes to its Fresh grocery store chain and opening fresh food delivery to non-Prime members. Is AMZN Stock a Good Buy? Wall Street remains highly optimistic about Amazon's long-term stock outlook. On TipRanks, AMZN stock has a Strong Buy consensus rating based on 44 Buys and one Hold rating. The average Amazon price target of $264.68 implies 17.9% upside potential from current levels. Year-to-date, AMZN stock has gained 2.4%.
Business Insider
29-07-2025
- Business
- Business Insider
AMZN, GOOGL, META: Morgan Stanley Picks the Biggest Beneficiary of Trump's Tax Bill
Morgan Stanley's top analyst, Brian Nowak, stated in a research note that U.S. President Donald Trump's ' One Big Beautiful Bill ' is expected to significantly boost the cash flows of tech giants Amazon (AMZN), Alphabet (GOOGL), and Meta (META). Importantly, Nowak noted that Amazon is poised to be the largest beneficiary among them, driving its dominance in the artificial intelligence (AI) world. The bill aims to provide immediate tax deductions on research & development and capital investments, offers incentives for domestic AI and tech development, extends permanent lower tax rates, and thus increases free cash flows (FCF). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Nowak maintained his Buy rating on AMZN stock with a price target of $300, which implies 29.6% upside potential from current levels. He ranks #806 out of the 9,922 analysts tracked on TipRanks. Nowak has a 61% success rate and an average return per rating of 6.80%. Amazon Is the Largest Beneficiary of the Bill The Big Beautiful Bill is expected to bring major tax reforms, giving a sizeable cash boost to tech companies focused on the AI space. According to Nowak, the FCF of Amazon, Meta, and Google is expected to increase by 30%, 22%, and 5%, respectively, by 2026. This cash windfall could give the three companies more flexibility to gain an edge in the generative AI race. Among them, Amazon is set to be the largest beneficiary of the bill because of its large investments in data centers, logistics, and R&D activities. Nowak projects that the bill could add $15 billion in Amazon's FCF between 2025 and 2027. Additionally, the company could benefit from another $11 billion in 2028. Notably, Nowak believes Amazon would reinvest a major part of these cash flows into its cloud services platform, Amazon Web Services (AWS), instead of passing them directly to shareholders. He stated that even if Amazon reinvests only 50% of the annual FCF into AWS, it could accelerate billions in automation savings for the company. Nowak concluded by stating, 'We see this more likely giving AMZN more flexibility to continue to invest and deepen its competitive moats and Generative AI offerings in retail (robotics, grocery, logistics, same day delivery, rural, etc.) and AWS (GPUs and other chips, power, infrastructure) … while also delivering more near-term FCF to investors.' Which Is the Better Tech Stock According to Analysts? We used the TipRanks Stock Comparison Tool to determine which stock is most favored by analysts. Currently, Wall Street has a 'Strong Buy' consensus rating on all three stocks, with AMZN stock offering the highest upside potential in the next 12 months.
CNBC
21-07-2025
- Business
- CNBC
Stocks making the biggest moves premarket: Block, Pinterest, Verizon and more
Check out the companies making headlines before the bell. Alaska Air Group — Shares popped 1% after the airline carrier resumed its operations late Sunday. Thanks to an IT outage, Alaska Airlines had grounded all of its flights for around three hours. Block — The fintech stock surged 10% as it prepares to officially join the S & P 500 before the opening of trading on July 23. Block will replace Hess, which has been acquired by Chevron. Pinterest — Shares of the social media company jumped more than 5% after Morgan Stanley analyst Brian Nowak upgraded the stock to overweight from equal weight. Nowak highlighted Pinterest's attractive valuation along with "GPU enabled investments and budding engagement and monetization improvements" as the key reasons for his new rating. Dollar Tree — Shares added 2% upon an upgrade to overweight from equal weight at Barclays. Analyst Seth Sigman said he expects a "cleaner growth story" ahead. Target — The big box retailer saw shares fall more than 1% in premarket trading after Barclays downgraded the stock to underweight from equal weight. The Wall Street firm expects that sales at Target will continue to underperform without a bigger strategic shift. Domino's Pizza — Shares popped nearly 4% after the pizza chain reported second-quarter same-store sales that were up 3.4%, beating LSEG estimates of a 2.2% increase. This marked the first U.S. sales beat in five quarters. The company's revenue came in at $1.15 billion, in line with expectations, while its earnings missed consensus estimates. Cleveland-Cliffs — The steel manufacturer gained 7% after posting a second-quarter loss of 50 cents per share, which was narrower than 74-cent loss analysts polled by LSEG were expecting. The company's $4.93 billion revenue came in as expected. Verizon — The telecommunications stock rose 5% after posting second-quarter earnings of $1.22 per share on revenue of $34.5 billion. Analysts were expecting earnings of $1.18 billion on $33.74 billion in revenue, according to LSEG. Sarepta Therapeutics — The biotech stock tumbled 8% after the U.S. Food and Drug Administration announced following Friday's close that it was pulling its support for Elevidys, a gene therapy developed by Sarepta used to treat Duchenne muscular dystrophy, after another patient death. Shops such as Leerink Partners, Mizuho and Needham soon downgraded the stock. Invesco — Shares added 2% after TD Cowen upgraded the investment management firm to a buy rating from hold. Analyst Bill Katz called Invesco's Friday announcement that it was requesting to migrate its QQQ exchange-traded fund to an open-end fund structure from a unit investment trust a "game changing event." — CNBC's Yun Li and Pia Singh contributed reporting.
