Wall St falls as growth fears resurface after three-day rally
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Pandora (P) Overhang Removed, Focus on New Foreign Markets - Rosenblatt
December 18, 2015 10:00 AM ESTRosenblatt analyst, Martin Pyykkonen, published a note on Pandora (NYSE: P) citing two reasons the stock could rally and a problem that could trump the first two points.
1) New Foreign Markets Within the Next Year
2) CRB Overhang Is Removed
3) Listener Hour (Usage) Growth Needs to Rebound
With the recent removal of the overhang around the CRB rate setting for Pandoras streaming radio service, Pandora could gain some traction among longer term investors in the new year. Starting on 1/1/16, Pandora will pay $0.17 per 100 songs... More
