Trump bets blast Dow to new high, bank sector hits 2008 levels
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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
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
UBS Raises price Target on Nordstrom (JWN) to $64 Following 3Q EPS Beat
November 14, 2016 8:55 AM ESTUBS reiterated a Buy rating on Nordstrom (NYSE: JWN), and raised the price target to $64.00 (from $58.00), following the company's 3Q earnings report. JWN reported EPS of $0.84, solidly ahead of the Street's estimate of $0.51. 3Q was a positive update with JWN finally generating SG&A... More
Jefferies Remains Sidelined on Disney (DIS) Following 4Q
November 11, 2016 8:10 AM ESTJefferies reiterated a Hold rating and $92.00 price target on Walt Disney (NYSE: DIS) following the company's 4Q earnings report. DIS reported EPS of $1.10, essentially in line with $1.11 estimates. Management also guided to modest EPS growth in F17, with cable prog. growth of 8%, offset by... More
Macy's (M) Tops Q3 EPS by 5c; Comps Outpace; Forms Alliance with Brookfield Asset Management
November 10, 2016 8:02 AM ESTMacy's (NYSE: M) reported Q3 EPS of $0.46, $0.05 better than the analyst estimate of $0.41. Revenue for the quarter came in at $5.63 billion versus the consensus estimate of $5.65 billion.
Comps fell 2.7 percent, versus a drop of 3.4 percent expected.
Macys also announced it is forming a strategic alliance with Brookfield Asset Management, a leading global alternative asset manager, to create increased value in its real estate portfolio.
Brookfields investments in real estate span all major sectors - retail, office, multi-family, industrial and hospitality. Brookfield is one of the few firms with both the... More
