S&P 500 and Nasdaq end lower after sharp drop in tech titans
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- Nasdaq, S&P dip, trading choppy as tech stocks fall
- Brent hits lowest since before start of Iran war as more tankers exit Hormuz, easing supply
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- JPMorgan raises S&P 500 target to 7,800, says earnings revision ’unprecedented’
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Guggenheim Reiterates Buy Rating on Pepsico (PEP) Following Investor Call
July 15, 2020 7:56 AM EDTGuggenheim analyst Laurent Grandet reiterated a Buy rating and $151.00 price target on Pepsico (NASDAQ: PEP) following an investor call with management. Grandet thinks CEO Laguarta is taking aggressive steps to reposition the beverage business and capture market share that Grandet expects will provide strong,... More
Amazon (AMZN) Announces Long-Term Strategic Agreement with HSBC Holdings (HSBC) for Digital Transformation via AWS Cloud
July 15, 2020 6:13 AM EDTToday, Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), announced that HSBC Holdings plc (NYSE: HSBC) has selected AWS as a key, long-term strategic cloud provider to drive their digital transformation and deliver new and personalized banking services. As part of a multi-year, global agreement, HSBC will make AWS technology available across the banks lines of business, starting with customer-facing applications... More
