Oil rises on Syria tensions, up most in week since July
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
JPMorgan Reiterates Underweight on General Electric (GE)
April 16, 2018 1:40 PM EDTJPMorgan reiterated an Underweight rating and $11.00 price target on General Electric (NYSE: GE). Analyst Stephen Tusa says that there was no obvious headline bombshell event on the restatements, though there is plenty to reinforce JPMorgan's negative thesis and suggests that the $11 PT... More
BofA/Merrill Lynch Remains Sidelined on General Electric (GE)
April 16, 2018 8:43 AM EDTBofA/Merrill Lynch reiterated a Neutral rating and $17.00 price target on General Electric (NYSE: GE) after the company restated 16 and 17 financials to incorporate new accounting rules, which many had expected to be a negative catalyst for the stock. EPS adjustments came in line with... More
