Nasdaq falters as investors flee tech for banks

Netflix (NFLX) PT Raised to $225 at BofA/Merrill Lynch on 3Q Revenue Beat; 'Price Increases not Stopping the International Sub Machine'

December 1, 2017 8:51 AM EST

BofA/Merrill Lynch raised its price target on Netflix (NASDAQ: NFLX) to $225.00 (from $199.00) while maintaining a Buy rating, following the company's third quarter earnings report.

Analyst Nat Schindler notes a positive outlook on the shares, as the company reported third quarter revenues above consensus... More

Morgan Stanley Reiterates Overweight on Facebook (FB)

December 1, 2017 8:10 AM EST

Morgan Stanley reiterated an Overweight rating and $200.00 price target on Facebook (NASDAQ: FB). Analyst Brian Nowak details FB Watch and '18 video engagement/rev/spend. The base case is for Watch to grow to 6% of core FB mins, leading to $565mn of rev... More

Morgan Stanley Remains Bullish on Amazon (AMZN) Following Annual Conference

December 1, 2017 7:58 AM EST

Morgan Stanley reiterates an Overweight rating and $1250.00 price target on Amazon.com (NASDAQ: AMZN) following the company's AWS' 6th Annual re:Invent conference. Cloud and AWS interest continues to grow, as this year's conference was bigger than ever with 43k+ AWS... More

Apple (AAPL) PT Maintained at $215 at Guggenheim; 'Revisiting Services with Upside Potential in AR Apps and Original Programming'

December 1, 2017 6:15 AM EST

Guggenheim maintained its price target on Apple (NASDAQ: AAPL) at $215.00 while maintaining a Buy rating, following a review of the company's Augmented Reality apps and Original Programming initiatives.

Analyst Robert Chira notes a slight increase in estimates, suggesting this iPhone... More

UPDATE: Call Buying Activity in Macy's (M) Targets Holiday Shopping Catalyst and 4% Upside in Shares by Mid-December -Susquehanna

November 30, 2017 2:40 PM EST

(Updated - November 30, 2017 2:41 PM EST)

Susquehanna options strategist Alison Edwards notes call buying activity in Macy's (NYSE: M) targets 4% upside by mid-Dec and holiday shopping catalyst, as an opening investor purchased 11k Dec 25 Calls.

... More

Wells Fargo (WFC) Appoints Celeste A. Clark, Theodore F. Craver Jr. & Maria R. Morris as New Independent Directors

November 29, 2017 9:03 AM EST

The Board of Directors of Wells Fargo & Company (NYSE: WFC) today announced it has elected three new independent directors as part of its succession planning and refreshment process. The three new directors, each of whom will join the board on Jan. 1, 2018, are:

Celeste A. Clark, former chief sustainability officer and global public policy and external relations officer of Kellogg Company, where she led Kelloggs global Corporate Communications, Public Affairs, Sustainability and Philanthropy functions.Theodore F. Craver, Jr., former chairman, president, and chief... More