Berkshire takes bigger bite of Apple, pares Wal-Mart
- Wall St drops as Meta Platforms, economic data weigh
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Dollar firmer on higher U.S. inflation; yen sinks vs euro, US currency
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Bernstein Says Apple's (AAPL) Valuation Remains Attractive Amid Recent Run, But Sees One Possible Near-Term Risk
August 16, 2016 2:59 PM EDTBernstein affirms Apple (Nasdaq: AAPL) at Outperform with a price target of $125, and asked whether or not recent momentum in the stock can continue.
Analyst Toni Sacconaghi noted that Apple's valuation remains attractive versus peers, despite the recent run.
Sacconaghi continued, We believe that current quarter (September, FYQ4 16)... More
Credit Suisse Raises Price Price Target on Kraft Heinz (KHC) to $100; Reiterates Outperform
August 16, 2016 11:07 AM EDTCredit Suisse reiterated an Outperform rating on Kraft Heinz Company (NASDAQ: KHC), and raised the price target to $100.00 (from $98.00), after adjusting estimates.
Analyst Robert Moskow commented, "We are raising our target price for Kraft Heinz to $100/share and our 2017 EBITDA estimate... More