Intel, transports sap Wall Street's strength
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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
Jefferies Cuts Price Target on Starbucks Coffee (SBUX) Following In-Line Quarter
July 22, 2016 8:18 AM EDTJefferies maintained a Buy rating on Starbucks Coffee (NASDAQ: SBUX), and cut the price target to $65.00 (from $70.00) following the company's 3Q earnings report. SBUX reported an in-line EPS. Management maintained 2016 EPS guidance.
Analyst Andy Barish commented, "SBUX eked out an... More
RBC Capital Reiterates Outperform on Starbucks Coffee (SBUX) After Trimming Estimates
July 22, 2016 7:22 AM EDTRBC Capital reiterated an Outperform rating and $68.00 price target on Starbucks Coffee (NASDAQ: SBUX) following the company's 3Q. Estimates were cut to account for labor investments and a slowing tailwind from input costs.
Analyst David Palmer commented, "We are maintaining... More
Oppenheimer Remains Sidelined on American Express (AXP) Following 2Q Report
July 21, 2016 10:13 AM EDTOppenheimer reiterated a Perform rating on American Express (NYSE: AXP) following the company's 2Q earnings report. Total revenues were $8.2B compared to the consensus of $8.3B. Pretax earnings were $2.3B, in line with estimates. Management reiterated their $5.40-$5.70 adjusted EPS guidance range for 2016.... More
Needham & Company Remains Bullish on Intel (INTC) Following 2Q Results
July 21, 2016 7:57 AM EDTNeedham & Company reiterated a Buy rating and $38.00 price target on Intel (NASDAQ: INTC) following the company's 2Q earnings report. Intel reported revenue of $13.5bn, in-line with estimates. Non-gaap EPS of $0.59 beat $0.53 estimates. EPS included a $0.05 benefit from higher than expected interest and... More
