Wall Street edges higher; U.S. Fed meeting in focus
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
Speculative Call Buying Activity in Verizon Communications (VZ) Amid Continuing Industry M&A Chatter -Susquehanna
September 20, 2017 2:10 PM EDTSusquehanna options strategist Alison Edwards notes call buying activity in Verizon Communications (NYSE: VZ), as an opening investor purchased 10,000 Jun 52.5 Calls for $1.21, amid constant industry M&A chatter, most recently the TMUS/S deal.
... MoreBest Buy (BBY) PT Lowered to $57 at UBS Following Investor Meetings; 'Shares are Fairly Valued at Current Levels'
September 20, 2017 9:58 AM EDTUBS lowered its price target on Best Buy (NYSE: BBY) to $57.00 (from $60.00) while maintaining a Neutral rating, following investor meetings.
Analyst Michael Lasser notes a cautious outlook following investor meetings, as management's commentary centered on "evolutionary & expansionary" initiatives to achieve 2% annual sales growth with company moving forward in its transformation.
... MoreJefferies Remains Sidelined on Best Buy (BBY); Reiterates $60 Price Target
September 20, 2017 7:48 AM EDTJefferies reiterated a Hold rating and $60.00 price target on Best Buy (NYSE: BBY). BBY is entering another investment spending period, which is focused on services, and aims to broaden its market opportunity and share, deepen customer relationships, and reduce revenue volatility from product... More
Nike (NKE) PT Lowered to $55 at Wells Fargo Following Athletic Apparel & Footwear Review; 'Several Areas of Concern Weighing on Indsutry'
September 19, 2017 7:48 AM EDTWells Fargo lowered its price target on Nike (NYSE: NKE) to $55.00 (from $56.00) while maintaining a Market Perform rating, following a review of the athletic apparel/footwear space.
Analyst Tom Nikic notes a cautious outlook on the company following a review of the athletic... More
