Highlights: Hedge funds chomped on FAANGs during first quarter tech turmoil
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- Wall Street ends lower as Middle East tensions escalate
- Broadcom results, guidance beat on soaring AI chip sales; stock slips after hours
- Broadcom's second-quarter revenue misses estimates as competition bites
- SpaceX sets IPO price at $135 ahead of roadshow in break with Wall Street norms
- Oil gains as Middle East hostilities flare
- Morgan Stanley lifts MU and SNDK targets, sees 2-3 years of tight memory supply
- Navitas showcases 800V power delivery board at NVIDIA MGX ecosystem event
- Inotiv files for bankruptcy with $65 million financing commitment
- Alphabet plans $80 billion equity raise to fund AI infrastructure expansion, Berkshire Hathaway to invest $10 billion
- Alphabet plans $80 billion raise for AI, backed by Buffett’s Berkshire
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Facebook (FB) PT Maintained at $225 at Goldman Sachs on User & Engagement Data Release for April
May 17, 2018 6:17 AM EDTGoldman Sachs maintained its price target on Facebook (NASDAQ: FB) at $225.00 while maintaining a Buy rating, following the release of U.S. internet usage data for the month of April.
Analyst Heather Bellini reiterates her outlook on the shares, as FB... More
Jack in the Box (JACK) Misses Q2 EPS by 5c, Miss on Revenues
May 16, 2018 4:09 PM EDTJack in the Box (NASDAQ: JACK) reported Q2 EPS of $0.80, $0.05 worse than the analyst estimate of $0.85. Revenue for the quarter came in at $209.77 million versus the consensus estimate of $211.35 million.
Third quarter fiscal year 2018 guidance
Same-store sales of approximately flat to up 1.0 percent at Jack in the Box... More