Wall Street drops at end of tough week for retailers
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- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
Cowen Cuts Price Target on J.C. Penney (JCP) Following 1Q earnings
May 13, 2016 2:33 PM EDTCowen maintained a Market Perform rating on J. C. Penney (NYSE: JCP), and cut the price target to $9.00 (from $11.50), following the company's 1Q earnings report. JCP reiterated its original EBITDA guidance of $1B and adjusted EPS to be positive as well as... More
MKM Partners Raises Price Target on NVIDIA (NVDA) Following 1Q Beat
May 13, 2016 10:45 AM EDTMKM Partners maintained a Buy rating on NVIDIA (NASDAQ: NVDA), and raised the price target to $43.00 (from $39.00), following the company's 1Q earnings report. NVDA reported revenue of $1,305M, well above the consensus estimate of $1,265M. EPS was $0.33, ahead of the consensus of $0.31.... More
UBS Raises Price Target on NVIDIA (NVDA) to $43 Following 1Q Report
May 13, 2016 9:47 AM EDTUBS reiterated a Buy rating on NVIDIA (NASDAQ: NVDA), and raised the price target to $43.00 (from $40.00), following the company's 1Q earnings report. NVDA reported revenue of $1.31B , as well as an EPS of $0.46. Results were driven by better than expected data center Tesla chip sales of $143M. UBS is expecting further upside in data center sales.... More
nVIDIA (NVDA): A Play On 4 Secular Trends - Jefferies
May 13, 2016 8:06 AM EDTJefferies analyst, Mark Lipacis, believes 3 of the 4 trends he identified as benefiting nVIDIA (NASDAQ: NVDA) drove the upside in the quarter: Datacenter (up 63% YY), Gaming (up 17% YY) and Auto (up 47% YY). The fourth, VR headset ramps could begin to contribute in the second half of... More
