Wall Street falls as solid jobs report boosts bond yields
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- S&P, Nasdaq drop on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- 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
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Buckingham Research Reiterates Underperform on Netflix (NFLX) Following Sell-Off
October 8, 2018 8:17 AM EDTBuckingham Research analyst, Matthew Harrigan, reiterated an Underperform rating and $305.00 price target on Netflix (NASDAQ: NFLX) following the company's recent sell-off.
Netflix could be especially vulnerable to recent interest rate increases despite mild funding cost effects, given its long-date free cash flow... More
Nomura/Instinet Remains Sidelined on Amazon (AMZN) Following Announced Wage Hike
October 8, 2018 7:31 AM EDTNomura/Instinet analyst, Simeon Siegel, reiterated a Neutral rating and $1990.00 price target Amazon.com (NASDAQ: AMZN) following the company's announced a lift in its U.S. min wage to $15 per hour. However, AMZN is eliminating restricted stock options and monthly incentive bonuses for... More
