Wall St. declines as earnings take center stage
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- Nasdaq, S&P end lower as tech stocks fall
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit 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
Needham & Company Reiterates Buy as Sanmina (SANM) Shares Sell Off; Sees Weakness as Buying Opportunity
July 27, 2016 3:37 PM EDTNeedham & Company reiterated a Buy rating and $32.00 price target on Sanmina-SCI Corp. (NASDAQ: SANM) as shares sell off following 3Q results. SANM remains a top picks in Needham's tech coverage, and analysts see the current weakness as a buying opportunity.
Analyst Sean... More
Jefferies Remains Sidelined on Gilead Sciences (GILD) Following 2Q - PT to $93
July 26, 2016 9:15 AM EDTJefferies maintained a Hold rating on Gilead Sciences (NASDAQ: GILD), and cut the price target to $93.00 (from $97.00) following the company's 2Q earnings report. GILD's strong bottom-line results were driven by HIVB strength, as well as buybacks. HIV sales remain strong, with particular... More
RBC Capital Reiterates Sector Perform on Sanmina (SANM) Following In-Line 3Q
July 26, 2016 7:09 AM EDTRBC Capital reiterated a Sector Perform rating and $29.00 price target on Sanmina-SCI Corp. (NASDAQ: SANM) following the company's 3Q earnings report. SANM reported revenues of $1.67B and EPS of $0.63, which was roughly in-line with consensus expectations.
Analyst Mitch Steves commented, "While Sanmina... More
Verizon's (VZ) Move to Acquire Yahoo! (YHOO) Reaffirms Commitment to Digital Strategy - Cowen
July 25, 2016 2:02 PM EDTCowen and Company offered a bit of commentary on today's deal between Yahoo! (Nasdaq: YHOO) and Verizon (NYSE: VZ).
Analyst Colby Synesael said, First Blush Financials/Synergies Using Cowens (John Blackledge) estimates, Verizon will be acquiring a ~$5.1B revenue business (~$3.5B excluding TAC), consisting of ~50% search (paid clicks based on word search), ~40% display (such as local/banner ads sold), and a remaining other segment including small... More
