Tech drags Wall Street lower; China tension weighs
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- Equities close higher as softer jobs data quiets rate-hike expectations
- U.S. economy adds fewer jobs than expected as unemployment rate ticks higher
- Nvidia returns as Morgan Stanley’s Top Pick on attractive valuation
- Citi says rate volatility without Fed repricing is concerning
- U.S. credit-reporting stocks fall as FHFA weighs two-bureau mortgage rule
- Equities close higher as softer jobs data quiets rate-hike expectations
- Cantor Fitzgerald on Rivian (RIVN): 'pre-announced that it delivered 19,248 vehicles in 3Q26, above our estimate'
- DISH DBS emerges from bankruptcy, cuts debt by $4.35 billion
- Tanker struck by projectile in Strait of Hormuz
- AppLovin shares fall after court denies request against Unity
Drexel Hamilton Reiterates Buy on Oracle (ORCL) Following 2Q Report
December 16, 2016 9:27 AM ESTDrexel Hamilton reiterated a Buy rating and $47.00 price target on Oracle (NYSE: ORCL) following the company's 2Q earnings report. Oracle reported sales of $9.07 billion, which missed the Street's $9.11 billion estimate. Pro forma EPS of $0.61 met the consensus estimate at $0.60.
Analyst Brian White... More
Wedbush Raises Price Target on Oracle (ORCL) Following 2Q Report
December 16, 2016 8:56 AM ESTWedbush reiterated a Neutral rating on Oracle (NYSE: ORCL), and raised the price target to $42.00 (from $41.00), following the company's 2Q earnings report. revenues were roughly in line with consensus and EPS were at the top of the range. However, cloud bookings grew only 30% Y/Y (down from 39% last quarter),... More
