Trump bets blast Dow to new high, bank sector hits 2008 levels
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- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- White House blocks CNN from Air Force One trip, Washington Post reports
- Merck and Daiichi Sankyo withdraw lung cancer drug application
- Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
- Fox Factory sells Marucci Sports for $225M, cuts debt
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
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
