Wedbush Cuts Price Target on Tractor Supply (TSCO) to $65 Following 3Q
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
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Guggenheim Cuts Price Target on Tractor Supply (TSCO) Following 3Q Report
October 20, 2016 7:22 AM EDTGuggenheim maintained a Buy rating on Tractor Supply Company (NASDAQ: TSCO), and cut the price target to $85.00 (from $90.00), following the company's 3Q earnings report. Current business trends remain challenging as does predicting the timing of the arrival of consistently cold weather. During the earnings call, management... More
Nestle cuts sales target as food sales disappoint
October 20, 2016 1:44 AM EDTBy John Revill
VEVEY, Switzerland (Reuters) - Nestle became the latest company to be hit by the global slowdown affecting food manufacturers after posting its weakest underlying sales growth in more than a decade.
The Swiss maker of Kitkat bars and Nescafe coffee cut its sales target for the year, saying European markets would continue to be deflationary, while certain developing markets stay weak.
It forecast no near-term blanket price increases in Western Europe, charting a different course to rival Unilever , whose push to raise prices in Britain in response to a... More
Tractor Supply (TSCO) Tops Q3 EPS by 1c; Guides In-Line
October 19, 2016 4:03 PM EDTTractor Supply (NASDAQ: TSCO) reported Q3 EPS of $0.67, $0.01 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.54 billion.
Comparable Store Sales Decreased 0.6%.
GUIDANCE:
Tractor Supply sees FY2016 EPS of... More
Notable 52-Week Highs and Lows 10/18: (S) (ABEO) (DPZ) High; (TSCO) (OPB) Low
October 18, 2016 3:18 PM EDT52-Week High:Sprint Corporation (NYSE: S) $7.16. Sprint Corp. reported preliminary Q3 results. Total net operating revenues of $8.25 billion grew 3 percent year-over-year and wireless net operating revenues of $7.85 billion grew nearly 5 percent year-over-year. Adjusted EBITDA of $2.35 billion in the quarter compared to $2.01 billion in the prior year quarter, an increase of approximately $340 million or 17... More
Trading Radar for 10/19: Morgan Stanley (MS), AmEx (AXP), Halliburton (HAL), eBay (EBAY), Mattel (MAT), Seagate (STX) Report
October 18, 2016 2:22 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
Earnings:
ASML Holdings (Nasdaq: ASML) - consensus EPS $1.05
Abbott (NYSE: ABT) - consensus EPS $0.58
Amphenol (NYSE: APH) - consensus EPS $0.68
BB&T Corp. (NYSE: BBT) - consensus EPS $0.71
Canadian Pacific... More
Tractor Supply (TSCO) volatility elevated into Q3 and outlook
October 18, 2016 10:38 AM EDTTractor Supply (NASDAQ: TSCO) October option implied volatility is at 66, November is at 32; compared to its 52-week range of 18 to 39 into the expected release of Q3 results on October 19.
... More