Investing

Raymond James lowered its rating on Walmart stock to “outperform” from “strong buy” on Friday, pointing to the acquisition of Flipkart as a drag on future profit despite the retailer’s recent strong report. “We cannot ignore the facts that Flipkart will likely weigh on consolidated operating earnings for the next couple of years,” Raymond James
0 Comments
Analysts are optimistic over Nvidia’s growth due to a new product cycle even as a key market falters. Nvidia shares are down 2.7 percent in Friday’s premarket session, a day after it reported better-than-expected fiscal second-quarter earnings Thursday. The company gave sales guidance slightly lower than the Wall Street consensus for the fiscal third quarter
0 Comments
The American consumer is back, and so is Walmart, at least for this quarter. Walmart stock surged more than 10 percent after the company reported fiscal second quarter earnings and sales that beat estimates and the best comparable sales growth in a decade. Sales were boosted by groceries, apparel, seasonal merchandise, and its e-commerce sales
0 Comments
Amazon’s stunning growth in the internet advertising market will boost the company’s shares, according to Piper Jaffray. The firm reaffirmed its overweight rating for the internet giant’s stock, predicting its ad business profits will surpass its cloud computing income by 2021. “While the Street has been focusing on the trajectory of core retail, growth of
0 Comments
Intel’s chip manufacturing technology issues are a big problem, according to Goldman Sachs. The firm lowered its rating to sell from neutral for Intel shares, citing its repeated delays in moving to its next generation chip process technology. “We see Intel’s struggles with 10nm process technology having ramifications in terms of its competitive position –
0 Comments
Oppenheimer downgraded its rating of Tiffany shares to “perform” from “outperform” on Friday, saying “recent shifts in global currencies could weigh upon domestic sales to foreign tourists” for the luxury retailer. The firm pointed to a chart comparing the Chinese yuan to Tiffany’s sales in the U.S., saying the “devaluation of Chinese currencies could impact
0 Comments
Dropbox fell as much as 10 percent during Friday’s open after its announcement on Thursday that chief operating officer, Dennis Woodside, will be stepping down in September. The cloud services company reported strong second-quarter earnings after the bell on Thursday, beating Wall Street expectations on revenue and earnings per share. But investors seem to be
0 Comments
Shares of Tesla jumped nearly 11 percent Tuesday after chief executive Elon Musk said on Twitter that he is debating taking the electric car manufacturer private. “Am considering taking Tesla private at $420. Funding secured,” the CEO wrote in his original post, adding in subsequent tweets that shareholders could either opt to sell at $420
0 Comments
Shares of Office Depot jumped 12.9 percent on Tuesday, after the company reported better-than-expected earnings per share and revenue for its second quarter. The Boca Raton, Florida-based retailer reported adjusted earnings of 5 cents a share, beating the 4 cents a share average estimate of analysts. Office Depot also reported $2.63 billion of revenue for
0 Comments
Berkshire Hathaway Class B shares are jumping after Warren Buffett’s company reported better-than-expected profits for its second quarter. The conglomerate posted June quarter operating profits of $4,190 per Class A share, up 67 percent year over year and higher than the analyst consensus of $3,387 per share, according to Thomson Reuters. J.P. Morgan reiterated its
0 Comments
Goldman Sachs is not optimistic for the near-term fate of cryptocurrency. In its mid-year economic report, the bank’s investment management group highlighted “cryptocurrency mania” as one of six factors creating an unsteady undertow affecting markets for the remainder of 2018. “We expect further declines in the future given our view that these cryptocurrencies do not
0 Comments
Investors in travel stocks like Caesar’s Entertainment, Wynn Resorts and Expedia took flight this week, sending the companies’ shares sharply lower. Craig Johnson, chief market technician at Piper Jaffray, says one consumer leisure stock is working for him. “The best stock, from our perspective, is Boyd Gaming. It’s going to have more of a domestic
0 Comments