Wall Street at new highs as tech breaches dot-com era record

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Morgan Stanley (MS) PT Raised to $61 at BMO Capital on 2Q Beat; 'Raising EstimatesFollowing Impressive Top-Line Beat'

July 20, 2017 9:52 AM EDT

BMO Capital raised its price target on Morgan Stanley (NYSE: MS) to $61.00 (from $58.00) while maintaining a Outperform rating, following the company's second quarter earnings announcement.

Analyst James Fotheringham notes the company delivered second quarter earnings per share and revenue results above consensus projections,... More

Options Activity in Facebook (FB) Implies 'Increased Bullish Positioning' into September -Susquehanna

July 19, 2017 2:19 PM EDT

Susquehanna options strategist Alison Edwards notes increased bullish positioning recently in Facebook (NASDAQ: FB), as an investor sold 21k Sept 150/160 call spreads at $7.10, rolling up long calls for further upside exposure above $160. Sept options were active yesterday as well with size buyers of the Sept 175/200 & 180/200 call spreads

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Drexel Hamilton Remains Bullish on IBM (IBM) Following 2Q Earnings Report

July 19, 2017 8:25 AM EDT

Drexel Hamilton reiterated a Buy rating and $200.00 price target on IBM (NYSE: IBM) following the company's 2Q earnings report. IBM reported 2Q sales of $19.29 billion that missed the Street estimates at $19.45 billion. EPS of $2.97 beat the Street's estimate of $2.75. A lower tax rate added... More

IBM (IBM) PT Lowered to $160 at RBC Capital Following 2Q Release

July 19, 2017 8:10 AM EDT

RBC Capital lowered its price target on IBM (NYSE: IBM) to $160.00 (from $165.00) while maintaining a Sector Perform rating following 2Q. IBM reported 2Q revenue of $19.3B, which was below consensus expectations of $19.5B. Operating EPS of $2.97 was ahead of Street estimates of $2.74 and benefited from discrete... More