S&P pulls back from record; Dow notches eighth day of gains
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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
- 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
- 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
BMO Capital Reiterates Outperform on Johnson & Johnson (JNJ) Following 2Q Report
July 20, 2016 10:39 AM EDTBMO Capital reiterated an Outperform rating and $132.00 price target on Johnson & Johnson (NYSE: JNJ) following the company's 2Q earnings report. JNJ reported revenue of $18.48B, ahead of the consensus estimate of $17.98 billion. EPS of $1.74 was also above the consensus estimates at $1.68.
Analyst Joanne... More
BMO Capital Raises Price Target on Goldman Sachs (GS) Following EPS Beat
July 20, 2016 9:00 AM EDTBMO Capital reiterated an Outperform rating on Goldman Sachs (NYSE: GS), and raised the price target to $214.00 (from $197.00), following the company's 2Q earnings report. GS reported an EPS of $3.75 ahead of the consensus estimate of $3.04.
Analyst James Fotheringham commented, "GS's 2Q16 core EPS of... More
Nomura Securities Reiterates Buy on Microsoft (MSFT) Following Solid 4Q
July 20, 2016 7:46 AM EDTNomura Securities reiterated a Buy rating and $65.00 price target on Microsoft (NASDAQ: MSFT) following the company's 4Q earnings report. Both revenues and EPS beat expectations. Microsoft guided to 1Q17 non-GAAP revenues of $21.2-21.9bn, below Street estimates at $22.2bn.
Analyst Frederick Grieb commented,... More
Canaccord Genuity Cuts Price Target on Netflix (NFLX) to $115 Following 2Q Report
July 19, 2016 10:30 AM EDTCanaccord Genuity maintained a Buy rating on Netflix (NASDAQ: NFLX), and cut the price target to $115.00 (from $120.00), following the company's 2Q earnings report. Total domestic net adds came in at 160k, substantially below the 500k guidance. International net adds missed as well,... More
Needham & Company Reiterates Hold on Netflix (NFLX) Following Sub Miss
July 19, 2016 9:37 AM EDTNeedham & Company reiterated a Hold rating on Netflix (NASDAQ: NFLX) following the company's 2Q report. NFLX reported a Sub miss with 46.0mm paid streaming subscribers in the U.S, and 33.9mm international subs, below guidance of 46.4mm in the U.S. and 34.3mm abroad.... More
UBS Remains Sidelined on IBM (IBM) Following 2Q - PT to $160
July 19, 2016 9:19 AM EDTUBS reiterated a Neutral rating on IBM (NYSE: IBM), and raised the price target to $160.00 (from $150.00), following the company's 2Q earnings report.
Analyst Steven Milunovich commented, "Our view on IBM has been steadfastly neutral. We think the bears don't give IBM... More

