S&P 500 dented by earnings; Dow hits record high
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- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil drops $1 as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Amazon.com (AMZN) Reports Record Performance Year-to-Date of Over 2 Billion Items Sold Worldwide
July 31, 2017 7:13 AM EDTAmazon (NASDAQ: AMZN) today announced that small businesses and entrepreneurs on Amazon sold more than 2 billion items in a record-breaking first half of 2017. With more than 300 million active customers, Amazon offers small businesses the opportunity to reach shoppers in more than 180 countries around the world. Small businesses are also able to use Amazons world-class fulfillment and customer service expertise through Fulfillment by Amazon.
We started working with small businesses to sell online back in 2000 and have helped hundreds of thousands achieve success. Amazon Marketplace has grown so significantly that sales by... More
UPDATE: BMO Capital Reiterates Outperform Rating & $1200 PT on Amazon.com (AMZN) 2Q Report; 'Very Strong Revenue Growth, Muted Margins'
July 28, 2017 9:29 AM EDT(Updated - July 28, 2017 9:29 AM EDT)
BMO Capital reiterates Outperform rating and $1200 price target on Amazon.com (NASDAQ: AMZN), following the company's second quarter earnings report.
Analyst Daniel Salmon notes the company delivered second quarter revenues above consensus projections, while earnings per... More
Mattel Inc. (MAT) PT Lowered to $17 at Jefferies Following 2Q Miss
July 28, 2017 9:18 AM EDTJefferies lowered its price target on Mattel Inc. (NASDAQ: MAT) to $17.00 (from $19.00) while maintaining a Hold rating. Mattel's 2Q17 sales of $975M came in slightly below expectations with core sales down ex-Cars. EPS of ($0.14) was below consensus at ($0.09).
Jefferies revised the model... More
Starbucks (SBUX) PT Lowered to $64 at BMO Capital on 3Q Report; 'Softer Global Comps & Weaker Operating Margins'
July 28, 2017 9:11 AM EDTBMO Capital lowered its price target on Starbucks (NASDAQ: SBUX) to $64.00 (from $67.00) while maintaining a Outperform rating, following the company's third quarter earnings announcement.
Analyst Andrew Strelzik notes the company delivered third quarter earnings per share in-line estimates, while revenues were below... More
