Wall Street hit hard as tech softness continues
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- Nasdaq reaches record high close, AI stocks rally
- Meta AI agent triggers heavy selloff in banks, insurers, and travel stocks
- Exclusive: SB Energy Nasdaq IPO moving forward as planned
- AI and earnings keep driving markets as focus shifts to Trump-Xi summit
- Meta bull case increasingly playing out, Mizuho says
Blue Apron (APRN) IPO Continues to Struggle After Breaking Syndicate
June 30, 2017 9:56 AM EDTYesterday's IPO for Blue Apron (NYSE: APRN) sees continued weakness after breaking below the $10 syndicate price. Shares last traded down 4.5% to $9.55.
... MoreNike (NKE) PT Raised to $64 at UBS Following 4Q EPS Beat
June 30, 2017 7:38 AM EDTUBS raised its price target on Nike (NYSE: NKE) to $64.00 (from $62.00) while maintaining a Buy rating. Nike beat F4Q EPS estimates with $0.60 compared with the Street's $0.50, on mixed quality.
NKE did the right thing by guiding FY18 revenues below its LT... More
Nike (NKE) PT Raised to $69 at Deutsche Bank; Reiterates Buy
June 30, 2017 6:55 AM EDTDeutsche Bank raised its price target on Nike (NYSE: NKE) to $69.00 (from $63.00) while maintaining a Buy rating. cFX revenue is forecast to up MSD-HSD and core GPM expansion is trending above plan.
Deutsche Bank's FY18 and FY19 EPS estimates go to $2.37 and $2.76, respectively (from $2.36 & $2.75).
... MoreRite Aid (RAD) Back-of-the-Envelope Value Seen at $3/Share
June 29, 2017 8:32 AM EDTInitial back-of-the-envelope valuation on Rite Aid (NYSE: RAD) after today's Walgreen's deal pegs it at $3/share based on $600M EBITDA at a 8x multiple, according to sources.
Shares are currently trading down 22.7% to $3.04.
... More