Trade optimism, Fed rate-cut expectation sends S&P 500 to record
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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
Oppenheimer Reiterates Outperform Rating on AT&T (T) Following Investor Event
October 30, 2019 8:18 AM EDTOppenheimer analyst Timothy Horan reiterated an Outperform rating and $47.00 price target on AT&T (NYSE: T) after the company's WarnerMedia division hosted an investor event showcasing AT&T's upcoming OTT video service, HBO Max. HBO Max will launch May 2020, targeting 75-90M... More
Merck (MRK) Tops Q3 EPS by 27c, Revenues Beat; Narrows & Raises FY19 EPS/Revenue Above Consensus
October 29, 2019 6:47 AM EDTMerck (NYSE: MRK) reported Q3 EPS of $1.51, $0.27 better than the analyst estimate of $1.24. Revenue for the quarter came in at $12.4 billion versus the consensus estimate of $11.63 billion.
Third-Quarter 2019 Worldwide Sales Were $12.4 Billion, an Increase of 15%; Sales Increased 16% Excluding Impact from Foreign Exchange; Growth Driven by Oncology and Human Health VaccinesKEYTRUDA Sales Grew 62% to $3.1 Billion;... MoreSpotify (SPOT) PT Raised to $195 at RBC Capital
October 28, 2019 12:29 PM EDTRBC Capital analyst Mark Mahaney raised the price target on Spotify (NYSE: SPOT) to $195.00 (from $185.00) while maintaining a Outperform rating following results.
The analyst commented, "Spotify posted a Modest Beat & Bracket Q3 with the big upsides being Gross Margin, Operating Income & MAUs.... More
Spotify (SPOT) Extends Gain, Up 16%
October 28, 2019 10:35 AM EDTSpotify (NYSE: SPOT) Extends Gain, Up 16%
... MoreTiffany & Co. (TIF) Should Command $160-$180/Share in a Sale to LVMH - Cowen
October 28, 2019 8:14 AM EDTCowen analyst Oliver Chen weighed in on a possible takeover of Tiffany & Co. (NYSE: TIF) by LVMH and said TIF deserves an "exceptional premium" of 20x EBITDA or higher, or $160 per share.
"Based on our analysis, LVMH has ample financial capacity for a deal and we also expect many strategic and financial synergies given margin expansion, product extension, and global... More
