Wall St. suffers biggest drop since September
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- Wall Street ends mixed as investors focus on tech earnings
- NVIDIA’s rising CDS the talk of Wall Street amid circular financing fears
- U.S. chip stocks extend losses on AI financing, China competition fears
- Tesla to buy power from Arizona solar project
- Why BofA says July Fed rate hike would be "unprecedented"
- BTIG Upgrades Outlook Therapeutics Inc. (OTLK) to Buy
- Visa (V) To Cut 7% Of Its Workforce, Totaling About 2,600 Jobs - Bloomberg
- ASML and U.S. chip stocks sink on report of China’s DUV breakthrough
- Carpenter Technology CEO Brian Malloy passes; Tony Thene returns as CEO
- Applied Digital (APLD) Tops Q4 EPS by 23c, Revenue Beats
UBS Reiterates Buy on Cisco Systems (CSCO) Following 1Q Results
November 13, 2015 9:43 AM ESTUBS reiterated a Buy rating and $33.00 price target on Cisco (NASDAQ: CSCO), following the company's 1Q16 earnings report. Cisco's results beat F1Q estimates and its F2Q EPS guidance was in-line. Sales in most of the segments, including Security, Switching and Data Center,... More
Traffic Slowdown Hits Comps; Cowen Cuts Price Target on Nordstrom (JWN) to $60
November 13, 2015 6:43 AM ESTCowen maintained an Outperform rating on Nordstrom (NYSE: JWN), and cut the price target to $60.00 (from $85.00), as traffic slows down for the company. 3Q comps of +0.9% were well below the Street's +3.6% estimate, as JWN saw a meaningful decrease in traffic across all channels, and comp... More
Cisco (CSCO) Posts Strong Q1 But Falls on Soft Outlook
November 12, 2015 5:21 PM ESTShares of Cisco Systems (NASDAQ: CSCO) are trading down 5% after-hours Thursday following better-than-expected first quarter results, which were overshadowed by second guidance that was below the Street.
Cisco's revenue in the first quarter grew 3.6% to $12.7 billion, which was in-line with the consensus. Non-GAAP EPS... More
USPTO Approves Patent for Apple's (AAPL) 'Liquid Expulsion From an Orifice'
November 12, 2015 3:52 PM ESTOn November 12th, the US Patent office approved a patent that Apple (NASDAQ: AAPL) submitted in May of last year for a device that could aid in "liquid expulsion from an orifice".
The patent stipulates that the device would have at... More
Competition Nothing New to PayPal (PYPL); Company Retains First-Mover Advantage - BTIG (AAPL)
November 12, 2015 8:49 AM ESTBTIG affirms PayPal (Nasdaq: PYPL) with a Buy rating and $48 price target amid reports that Apple (Nasdaq: AAPL) is planning to launch a P2P mobile payment platform.
The firm made the following key points:
Competitive threats are nothing new to PYPL - it seems like every year or two, during the past decade, a giant technology firm has tried to make... More