Industrials lead Dow to record high; tech boosts S&P, Nasdaq
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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
- 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
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Microsoft (MSFT), Adobe (ADBE) & SAP (SAP) Announce Launch of Open Data Initiative
September 24, 2018 9:35 AM EDTOn Monday, the CEOs of Adobe (NASDAQ: ADBE), Microsoft (NASDAQ: MSFT) and SAP (NYSE: SAP) introduced the Open Data Initiative at the Microsoft Ignite conference. Together, the three longstanding partners are reimagining customer experience management (CXM) by empowering companies to derive more value from their data and deliver world-class customer experiences in real-time.
In today's world, data is a company's most valuable asset. However, many businesses struggle to attain a complete view of their customer interactions and operations, because they are unable... More
Nike (NKE) PT Raised to $96 at Stifel; 'Quality of Revenue to Buoy Margin'
September 24, 2018 6:30 AM EDTStifel analyst Jim Duffy raised the price target on Nike (NYSE: NKE) to $96.00 (from $90.00) while maintaining a Buy rating, following an update to the company's outlook ahead of the company's fiscal first quarter report.
Analyst Duffy notes an upbeat outlook on the... More
Red Hat (RHT) PT Lowered to $158 at BMO Capital
September 20, 2018 8:59 AM EDTBMO Capital analyst Keith Bachman lowered the price target on Red Hat (NYSE: RHT) to $158.00 (from $177.00) while maintaining a Market Perform rating.
Bachman notes while RHT had numerous positives in the Q, they think most will be overshadowed by the 8% y/y CC... More
William Blair Reiterates Outperform on Red Hat (RHT) Following Mixed 2Q
September 20, 2018 8:30 AM EDTWilliam Blair analyst, Jason Ader, reiterated an Outperform Red Hat (NYSE: RHT) following the company's 2Q. Red Hat delivered another mixed print as revenue missed consensus by roughly $2 million, non-GAAP EPS beat by $0.03, and billings beat consensus by $8 million.
With respect to the... More
