Category Archives for News

Citi downgrades Morgan Stanley: ‘We’d rather be on the sidelines’

first-quarter

Citi downgraded Morgan Stanley to neutral from buy on Thursday, saying the stock is “fairly valued.” Morgan Stanley posted better-than-expected first-quarter results Wednesday thanks to the growth in wealth management and fixed-income trading, sending its shares 2.6% higher. Citi thinks that after the earnings boost, Morgan Stanley’s stock is in line with its target and has […]

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Pinterest prices IPO at $19 a share, valuation tops $10 billion

valuation

Pinterest Inc. priced its initial public offering higher than expected Wednesday, raising more than $1.4 billion and valuing the company at more than $12 billion. Pinterest PINS, +0.00%  announced Wednesday evening that it would sell 75 million shares at $19 apiece, after previously stating a targeted range of $15 to $17. Underwriters — led by Goldman Sachs, JP […]

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Apple and Qualcomm settled their legal battle. Here’s what Wall Street analysts are saying

qualcomm

Tech giant Apple and Qualcomm have settled a legal dispute over royalties and patents, and it has Wall Street analysts buzzing over the chipmaker’s prospects moving forward. Analysts at Stifel, J.P. Morgan and Evercore ISI all upgraded Qualcomm on Tuesday’s news. Mizuho Securities, meanwhile, hiked its price target on Qualcomm to $82 per share from $62, […]

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Pepsi Stock Is Gaining Ground Because Earnings Beat Expectations

first-quarter earnings

PepsiCo stock was rising in early trading Wednesday, following its upbeat first-quarter earnings report. The back story. Pepsi stock (PEP) is up 10.8% since the start of the year, and has risen more than 14% in the trailing 12 month period. Investors seem fairly happy with new CEO Ramon Laguarta, who took over late last year, […]

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Boeing, Nike, Apple, other stocks illustrate the resilience of this stock market

resilience

CNBC’s Jim Cramer on Tuesday said the market has fooled the bears as stocks continue to power through adversity. The major U.S. indexes all traded higher, with the Dow Jones Industrial Average and Nasdaq Composite rising about 0.30% and the S&P 500 moving north 0.05%. “You’ve gotta admire the resilience of this market,” the “Mad Money” host […]

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Netflix Dominates Stock Market News Ahead Of Quarterly Results

netflix

The Nasdaq composite outperformed in afternoon trading Tuesday, helped by a rally in semiconductor stocks. In other stock market news today, Netflix (NFLX) stock was in rally mode ahead of its earnings report after the close, helped by an upgrade from Deutsche Bank. Netflix was a top gainer in the Nasdaq 100, along with Western Digital (WDC) […]

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Markets mixed as growth fears clash with strong US bank earnings and Chinese export gains

bank earnings

Some stock markets dipped on Monday morning as a positive start to the US earnings season and a recovery in Chinese exports were trumped by continued fears of slowing global growth.  “Trade disputes and tightening financial conditions have meant that concerns over the health of the global economy have been plaguing investors,” said Jasper Lawler, head […]

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Offering shoppers new experiences isn’t helping as malls see tsunami of store closures, falling traffic

It’s only April, but already this year more store closures — nearly 6,000 — have been announced than in all of 2018. That surely isn’t helping mall owners. Foot traffic at some of the best shopping centers across the country peaked around August 2018 and has since started to fall, after rebounding for much of last […]

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A stock-market correction is coming, but don’t ‘head for the hills yet’, says BNY Mellon

correction

After days of dull stock action, we’re seeing signs of life as earnings season kicks off. China blasted out pretty upbeat exports data Friday, setting the tone for what could be an upbeat day, helped by upbeat results out of J.P. Morgan and Wells Fargo. The S&P barely budged this week ahead of earnings season as investors […]

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Dow rises more than 150 points after big gains in Disney and JP Morgan

big gains

Stocks rose on Friday after a slew of positive corporate news that included strong bank earnings and Disney unveiling a new streaming service. The Dow Jones Industrial Average surged 188 points. Gains in the financials and communications services sectors pushed the S&P 500 0.4% higher. The Nasdaq Composite advanced 0.3%. J.P. Morgan Chase kicked off the corporate […]

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