Wall Street dips as telecoms slump; AmEx surges
- Wall Street ends higher, investors juggle Fed nerves with AI enthusiasm
- Apple in talks with Google to use generative AI in iPhones- Bloomberg
- World shares cheer China data, as central banks line up
- Oil prices climb 2% to 4-month high on lower Iraq, Saudi exports
- Meta Platforms is a new Top Pick at Mizuho, analyst sees upside to consensus
- After-hours movers: ANSYS, National CineMedia, and more
- Midday movers: Google, Pepsi rise; Boeing, Zillow fall
- Midday movers: Adobe, Zillow fall; Micron rises
- After-hours movers: Adobe Systems slumps; Rivian, Ulta Beauty gain
- Midday movers: Tesla, Nvidia fall premarket; Robinhood, Dollar General rise
Oppenheimer Raises Price Target on Microsoft (MSFT) to $65 Following 1Q Beat
October 24, 2016 9:43 AM EDTOppenheimer reiterated an Outperform rating on Microsoft (NASDAQ: MSFT), and raised the price target to $65.00 (from $62.00), following the company's 1Q earnings report. Revenue of $22.3B beat estimates by 360bps. The revenue beat was driven by strength in all three business segments. Gross/operating margins came in... More
AT&T (T) Agrees to Acquire Time Warner (TWX) for More than $80 Billion - WSJ
October 22, 2016 2:17 PM EDTAs has been rumored over the past couple days, AT&T (NYSE: T) has agreed to acquire Time Warner (NYSE: TWX) for $105-$110 per share, or more than $80 billion, the Wall Street Journal reported Saturday afternoon. A... More
Oppenheimer Reiterates Outperform on Microsoft (MSFT) Following Strong 1Q Report
October 21, 2016 10:22 AM EDTOppenheimer reiterated an Outperform rating and $62.00 price target on Microsoft (NASDAQ: MSFT) following the company's 1Q earnings report. Non-GAAP revenue of $22.3B was up 5%, vs. estimates of $21.6B. EPS was $0.10 above $0.66 estimates, driven by the beat and lower taxes. There were few concerns, but... More
RBC Capital Raises Price Target on Danaher (DHR) Following 'Clean' 3Q Report
October 21, 2016 9:56 AM EDTRBC Capital reiterated a Sector Perform rating on Danaher (NYSE: DHR), and raised the price target to $86.00 (from $85.00), following the company's 3Q earnings report. Danaher reported a 3c cash EPS beat driven at the operating line and boosted its 2016 guidance range entirely above consensus... More
Mizuho Securities Remains Sidelined on Advanced Micro Devices (AMD) Following 3Q Beat
October 21, 2016 9:32 AM EDTMizuho Securities reiterated a Neutral rating and $7.00 price target on Advanced Micro Devices (NASDAQ: AMD) following the company's 3Q earnings report. AMD reported 3Q16 revenue and EPS of $1.3B and $0.03 (versus consensus of $1.2B/$0.00).
Analyst Vijay Rakesh commented, "AMD reported 3Q16 Rev/EPS... More
BMO Capital Raises Price Target on American Express (AXP) to $75; Reiterates Market Perform
October 20, 2016 9:45 AM EDTBMO Capital reiterated a Market Perform rating on American Express (NYSE: AXP), and raised the price target to $75.00 (from $73.00), following the company's 3Q earnings report. AXPs 3Q16 core EPS of $1.24 beat consensus of $0.97 by 28%. The beat was top-linedriven.
Analyst James Fotheringham... More