Investors look for trough in profit downturn
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- S&P 500, Nasdaq futures tick up as tech steadies, Micron earnings eyed
- Brent extends losses on expectations of smoother crude flows via Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Oil market losses easing as nearly 80% of disrupted supply returns, UBS says
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
UBS Raises Price Target on IBM (IBM) to $150; Remains Sidelined Following 1Q
April 19, 2016 8:28 AM EDTUBS reiterated a Neutral rating on IBM (NYSE: IBM), and raised the price target to $150.00 (from $132.00), following the company's 1Q earnings report.
Analyst Steven Milunovich commented, "Although we miss the reporting of the software brands in favor of the new categories of... More
Google Announces 360-Degree Live Streaming for YouTube (GOOG)
April 18, 2016 2:52 PM EDTGoogle's Neal Mohan posted the following to its YouTube Blog on Monday:
Growing up as a kid, my favorite basketball player was Magic... More
Summit Research Cuts Price Target on Intel (INTC) as Headwinds Continue
April 18, 2016 6:53 AM EDTSummit Research maintained a Buy rating on Intel (NASDAQ: INTC), and cut the price target to $37.00 (from $38.00), as PC and server headwinds continue to hinder company sales.
Analyst Srini Sundararajan commented, "Per Gartner, Worldwide PC shipments totaled 64.8M units in... More
