Monday’s First Moves: AMZN PT Hike, DDOG Upgrade, CLF Earnings Beat

pizza is one of the laggards. As I'm looking at some of those laggards there. Time for first moves and opening bell has rung. Diane King Hall is with me. And let's take a look here at Cleveland-cliffs after its earnings. Good morning good morning. Good to see you Nicole. Yeah. Cnd-cliffs swinging into the black from reading a year ago. And investors are liking its results especially the outlook from here. The CEO saying q our 2027 outlook hasmproved materially since our last earnings call. Let's go through some of the tra numbers. Earnings share coming in at $0.28, which was better t expected. That's on an adjusted basis. The street was only look for $0.19 per share, so that was a big beat there. Revenue coming in a little lighter than expected, but it doesn't matter for the Bulls you are seeing. Those shares jumped m than 18% right now. Revenue coming in at 5.61 billion. Street was looking for 5.72 billion. It was, though, an increase of 19% in revenue here.riving the improvement. When you think about adjusted earnings per share in the 2027 out from here, theymore steel and collected more money for each ton. Here, shi rose 5% to 4.2 million net tons here. For Cleveland-cliffs, the average selling price increased about 14%. So the question will be from here can pricing stay strong enough for customers to continue to b more steel? It seems like investors like the trajectory from here. The outlook srts this rally that we're seeing in terms of the forecast. The forecasting fourth quarter adjusted EBITDA to about 715 million. That's above what Wall Street was expecting to see from here for 2027. They're prog more than 4 billion in adjusted EBITDA. That's based newly signed contracts and steel price assumptions from here. But again, it looks like these are strong assumptions given how shares areding. And it was a win that Cleveland-cliffs needed given its performance year to date and year over year. Nicole. Yeah, big move 16, 17, 18% seems to be moving around ar in three years, as you noted. Let's talk about Datadog. That's up 6%. Yeah. This is an upbeat view here from the analyst community. This is from Bernstein. Bernstein upg Datadog to outperform the market perform. So they were essentiallelines on this name, even given how shares have performed on a year to date basis. But again, a big chunk of those gains came in the last six months. Year over year, the stock is up more than 50%. We've upgraded Datadog to outperform from market perform. They've raised th price target all the way up to 350. So they see more upsiderom here. Even with seeing shares year to date up more than 80% coming into today, the analyst says demand from AI native customers as buss built around artificial intelligence is muchonger than anticipated here, analysts saying the AI usage sur to the upside. From here, they're suggesting their data. Their ch checks suggest that token consumption at the largest AI labs grew at least 50% quarter over quarter here. So there's strength And they believe that usage may grow even faster among the smaller AI native customers. Nicole, they'sed their near-term growth expectations by about seven percentage points. From here. They expect the stronger growth to last longer. They've been cautiouseve of a roughly $100 million reduction in RR annual rring revd to a contract downsizing tied to its largest AI native customer. But it sounds like worries about that have been put to bed and that the customer base that it does h shows excuse excuse me Nicole, that there's more strength to . p in. And I saw Jefferies put 280 down from 300, but some of the others Bernstein 350. I saw 330 at Mizuho. So there a slew of these now calls here from the analyst across the board. And you did a great job summarizing some of the themes that are pushinghe mentality of the analysts and why they are a little more optc on, except the other one. The first one, I said that they pulled the price target back a bit. Next up, we'll talk about Amazon, a price target hike. The call here. Morgan Stanley getting more bullish on Amazon. In fact picking as a top pick from here. They've named it a top pick. Maintain overweight rating. Raised their price target up to 350 from 335. That implies about 40% upside from the last closing levels. That would be Friday. Year to date, Amazon was up about 8% year over year, better up about 15%, which does beat S&P 500 on a year ove year basis, not a year to date basis. S&P is g bety says investors still underestimate the growth and profit potential o AWS, its cloud cng business. They're forecasting 47% year over year AWS revenue growth in 2027. Nicole 40% upside. Oh my goodness.ight. We're going to let you go catch her np an eye there on Amazon, which right now is up 2.5% folks, as they continue to think that the AWS growth and profit runway is underappreciated. 40%. That's a pretty bold comment there from