Key Takeaways The benchmark S&P hadn't moved much through Tuesday's close. But that quiet action obscures more drama within the index. More than a fifth of the stocks in the index have moved by at least 20% this year, according to a new analysis. Wall Street is behaving like Capitol Hill this year. As of Tuesday’s close, the S&P 500 was down 0.03% since the start of the year. That's about as unexceptional as it gets—but it belies a lot of churn below the surface. According to a recent analysis by ...

Fourlane Now an Official Reseller of Intuit Enterprise Suite, Expanding Decade-Long QuickBooks Leadership- # Fourlane Now an Official Reseller of Intuit Enterprise Suite, Expanding Decade-Long QuickBooks LeadershipShare---AUSTIN, Texas--([BUSINESS WIRE])-- [Fourlane], the nation's top-ranked Intuit QuickBooks Solution Provider, and [Intuit Inc.](Nasdaq: INTU), the global financial technology platform that makes [Intuit TurboTax], [Credit Karma], [QuickBooks], [Mailchimp], and [Intuit Enterprise Suite], toda ...

Core Insights - Wix and Intuit have expanded their partnership to integrate QuickBooks with Wix, providing a unified platform for small businesses to manage sales, finances, and operations alongside their online presence [1][4] - The integration allows millions of Wix users to access QuickBooks Online, offering insights into profitability, cash flow, and tax liabilities, while automating accounting operations [2][4] - QuickBooks customers can create tailored Wix websites with pre-filled business information, benefiting from Wix's AI-powered tools and features for SEO and mobile optimization [3][4] Company Overview - Wix.com Ltd. is a leading global platform founded in 2006, enabling users to create and manage a complete digital presence with advanced AI, flexible web design, and robust business solutions [5] - Intuit Inc. is a global financial technology platform serving approximately 100 million customers worldwide with products like TurboTax, Credit Karma, QuickBooks, and Mailchimp [7]

Core Viewpoint - TD Cowen and BMO Capital have both lowered their price targets for Intuit Inc. (INTU) stock while maintaining positive ratings, reflecting cautious optimism amid investor concerns regarding AI impacts and market performance [1][3]. Group 1: Price Target Adjustments - TD Cowen reduced its price target on Intuit Inc. from $802 to $658 while keeping a "Buy" rating [1]. - BMO Capital lowered its price target from $810 to $624 while maintaining an "Outperform" rating [3]. Group 2: Investor Sentiment and Market Trends - The moderately positive outlook is supported by expectations of an easy earnings beat against a low bar, following recent underperformance in the company's shares [2]. - Investor hesitation is noted regarding the impacts of AI and terminal values, which are seen as factors affecting the stock's upside potential [2]. Group 3: Product Performance and Strategy - BMO's annual survey of US tax filers indicated generally favorable trends for Intuit's TurboTax product line, highlighting healthy metrics for TurboTax Full Service and opportunities for upselling and cross-selling [3][4]. - Intuit operates through four segments: Global Business Solutions, Consumer, Credit Karma, and ProTax, offering a range of financial management and compliance products [4].

California-based Intuit Inc. (INTU) is a global financial technology company that develops tools designed to help individuals and businesses manage their finances more effectively. Serving roughly 100 million customers worldwide, its portfolio includes TurboTax, Credit Karma, QuickBooks, Mailchimp and the Intuit Enterprise Suite. Through these platforms, Intuit provides solutions spanning tax preparation, personal finance, accounting, marketing and business management. The company continues to invest in ...

Core Insights - Intuit Inc. (INTU) has shown strong growth in revenue and free cash flow (FCF) over recent years, indicating a solid operational performance [1] - Despite this growth, the stock price has declined significantly, falling 33% year-to-date and over 45% from its all-time high, raising concerns among investors [1] Financial Performance - The company has demonstrated solid revenue growth and free cash flow generation, which are positive indicators of its financial health [1] - The substantial drop in stock price suggests a disconnect between the company's operational performance and market perception [1] Investor Sentiment - Investor concerns are primarily focused on the recent stock price decline, which may reflect broader market trends or specific issues within the company [1]

Friday at last. Friday at last! For those who aren’t paying attention to the Winter Olympics, Italy leads the medal count with 17, Norway has the most gold medals with 7, and the U.S. is in third with 14. My country, Canada, has 7 medals, none of them gold. Not to worry, our men’s hockey team will rectify that soon enough. More News from Barchart As for the markets, they were all solidly in the red yesterday -- S&P 500 down 1.6%, Nasdaq Composite down 2%, and the Dow off by 1.3% -- as tech stocks, espe ...

Core Viewpoint - The recent sharp sector rotation has negatively impacted software stocks such as ServiceNow (NOW), Thomson Reuters (TRI), Intuit (INTU), and Snowflake (SNOW), but analysts believe that AI will enhance rather than completely replace many existing businesses [1][2]. Group 1 - The sharp sector rotation has affected several software companies [1][2]. - Analysts maintain that AI will serve to enhance current business operations instead of fully replacing them [1][2].

Market Sentiment - The current market sentiment is characterized by unease and confusion among investors despite stronger economic data [1] - Investors are beginning to realize that AI advancements may lead to significant job impacts, as evidenced by major layoffs at companies like Amazon [2][3] Impact of AI on Employment - There is a growing awareness that AI will affect human capital contributions to GDP, leading to concerns about job security [2][4] - This shift is seen as part of a broader "creative destruction" process inherent in capitalism, where old methods are replaced by new technologies [4][5] Sector Rotation - The recent rotation out of software and financials is viewed as overblown, although it reflects a genuine concern about the future of these sectors [6][11] - Software companies that integrate AI components are seen as more viable investments, with examples like Intuit being highlighted for their strategic partnerships with AI firms [8][10] Investment Strategy - The company has shifted its focus towards energy investments, particularly in light of geopolitical tensions and the rise of data centers, while also maintaining a long-term view on commodities like gold and silver [12][13] - A frontier fund specializing in technologies such as AI, robotics, quantum computing, and blockchain is being promoted as a long-term investment opportunity, despite its volatility [15][16] Market Forecast - The market is expected to experience a pullback of 5-10% in the first quarter, with a potential turnaround in the latter half of the year [18][19] - The anticipated market increase is modest, projected at 5-7%, with significant volatility expected in the interim [19] Buying Opportunities - There is a belief that current software stocks are oversold, presenting buying opportunities for long-term investors [20][21] - Investors are advised to be contrarian and avoid following the crowd, as behavioral selling often leads to poor investment decisions [21] Risk Management - Investors are encouraged to assess their risk tolerance, especially in a volatile market environment, and consider more stable investments if necessary [22][23] - The transition to new technologies is expected to take time, with a stabilization period projected over the next five years [24]

Core Insights - Intuit Inc. (NASDAQ:INTU) is considered one of the most oversold stocks on NASDAQ, with recent price target adjustments from BMO Capital and TD Cowen indicating a potential for recovery despite recent underperformance [1][2] Group 1: Price Target Adjustments - BMO Capital adjusted Intuit's price target to $624 from $810 while maintaining an Outperform rating [1] - TD Cowen revised its price target to $658 from $802, keeping a Buy rating, citing expectations of a clean earnings beat against a low bar due to recent stock underperformance [1] Group 2: Partnership Development - Intuit announced a multi-year partnership with Affirm on February 2, making Affirm the exclusive pay-over-time solution integrated into QuickBooks Payments [2] - This partnership aims to enhance Intuit's financial management capabilities, allowing small and mid-market businesses to offer flexible payment options, thereby maximizing sales and improving cash flow [2] Group 3: Business Segments - Intuit operates in several segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProTax, providing a range of business and financial management solutions [3]