Corporate results weigh on shares; oil rallies
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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
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
UBS Cuts Price Target on Macy's (M) to $33 Following 1Q Report
May 12, 2016 8:10 AM EDTUBS maintained a Neutral rating on Macy's (NYSE: M), and cut the price target to $33.00 (from $41.00), following the company's 1Q earnings report. Macy's reported better-than-expected GM at +10bp, compared to the Street at -80bp. Management said 2Q is unlikely to improve. EPS guidance was cut... More
Nomura Securities Remains Bullish on Disney (DIS) as 2Q Results Miss Expectations
May 11, 2016 10:03 AM EDTNomura Securities maintained a Buy rating and $115.00 price target on Walt Disney (NYSE: DIS) following the company's 2Q earnings report. Star Wars: The Force Awakens and Zootopia propelled 69% YoY growth in theatrical distribution revenue. However, revenue and operating income declined at Consumer Products and Interactive Media,... More
FBR Capital Reiterates Outperform on Disney (DIS) Following 2Q EPS Miss
May 11, 2016 8:55 AM EDTFBR Capital reiterated an Outperform rating and $111.00 price target on Walt Disney (NYSE: DIS) following the company's 2Q earnings report. Adjusted EPS of $1.36 missed consensus by $0.03. Disney does not guide to quarters and does not steer the Street.
Analyst Barton Crockett commented,... More
Jefferies Remains Sidelined on Disney (DIS) Following Mixed 2Q
May 11, 2016 8:32 AM EDTJefferies maintained a Hold rating and $92.00 price target on Walt Disney (NYSE: DIS) following the company's 2Q earnings report.
Analyst John Janedis commented, "F2Q results were mixed with upside at Parks / Studio offset by weaker Media and Consumer results. With downside... More
