After a stellar earnings report, with a surprising 1.3 percent gain in same store sales, Target shares are up only 3 percent today, after dropping 23 percent for the year. Huh? Target not only beat expectations, it raised full-year numbers by nearly 10 percent. But the stock is up a measly 3 percent. That tells […]
Read moreCiti Research upgraded Mylan shares, saying the generic drug manufacturer is “the best positioned” after a disappointing earnings season for the industry. “While we acknowledge that the stock could be impacted by broader generic industry challenges, we see MYL as better positioned,” wrote Citi analyst Liav Abraham in Tuesday’s note to clients. “We see optionality […]
Read moreSomewhere between the 14th and 15th floors in a concrete stairwell, Bryan Salesky pauses, searching for the right words to explain his mission for the foreseeable future. He wants to give cars the eyes, ears, and brains they need to operate without humans. And he wants to do it for Ford Motor Company by 2021. […]
Read moreCisco stock dropped 2 percent on Wednesday after the company released earnings for the fourth quarter of its 2017 fiscal year, which ended in July. EPS: Excluding certain items, 61 cents in earnings per share vs. 61 cents in earnings per share as expected by analysts, according to Thomson Reuters. Revenue: $12.1 billion vs. $12.06 […]
Read moreIt looks like options traders are trying to get in on Alibaba ahead of the company’s Thursday morning earnings report. On Wednesday, more than two call options traded for every put option. Since call options gain value as a stock rises, while put options gain value as a stock falls, this could be seen as […]
Read morePresident Donald Trump attacked Amazon again on Wednesday, saying the e-commerce giant is responsible for killing jobs and damaging “tax paying retailers.” While 140 characters can’t capture the nuance of Amazon’s complex tax situation, Trump’s claims aren’t entirely baseless and could potentially gain support from a number of states. Amazon currently collects sales tax in […]
Read moreSo I recently had this conversation around “Make Money: Don’t Raise Money,” and I think it coincides with everything I have been doing lately with the #2017FlipChallenge. And the fact of the matter is this article is really about two things. Number one, my disproportionate belief that learning sales is a crucial skill in developing […]
Read moreHMD Global, the start-up that licenses Nokia’s brand, launched a flagship smartphone on Wednesday, as it looks to establish itself as a major mobile player using the iconic brand. The 599 euro ($702) Nokia 8 is going on sale in early September, potentially ahead of Apple’s new iPhones which are set to be unveiled next […]
Read moreAngela Merendino | AFP | Getty Images Anthony Levandowski, Otto Co-founder and VP of Engineering at Uber. San Francisco district judge William Alsup said in a hearing on Wednesday he’ll likely tell the jury that Uber lawyers “misled the court” and repeatedly withheld key documents, which could give Alphabet self-driving subsidiary Waymo an edge in […]
Read moreJosh Brown believes strong investor confidence in the power of large companies and CEOs is outweighing the turmoil in the President Donald Trump administration. CNBC’s Brian Sullivan asked the CEO of Ritholtz Wealth Management why the market isn’t significantly reacting to the latest executive resignations from corporate advisory councils Wednesday. “Because multinationals are the new […]
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