As trade war chaos envelops asset classes from stocks to commodities to currencies, defensive corners of the market like consumer staples and utilities have fallen back into favor. Within consumer staples, one name that may fly under the radar for some investors has acted particularly well, catching my eye in recent sessions. While the staples-tracking […]
Read moreTwitter shares rose Thursday after Goldman Sachs raised its price target for the social media stock and told clients that despite recent worries about the crackdown on fake accounts, the purge will be a net positive for user engagement. Goldman Sachs analyst Heath Terry increased his price target on Twitter to $55 from $40, arguing […]
Read morePresident Donald Trump‘s latest tariff plans sent the market into negative territory on Wednesday. But Tony Dwyer, chief market strategist at Canaccord Genuity, told CNBC that investors shouldn’t worry about trade tensions or tariffs. “The market moves with the direction of earnings,” Dwyer said Wednesday on “Fast Money.” “As long as the economy is positive, […]
Read moreCheck out which companies are making headlines before the bell: Delta Air Lines – Delta came in 5 cents a share above estimates, with adjusted second quarterly profit of $1.77 per share. The air carrier also announced the approval of a 15 percent dividend hike. Delta said its fuel bill would be higher by about […]
Read moreU.S. corporations are more willing than ever to consider buying competitors amid private concerns they risk disappointing shareholders without making splashy deals, according to J.P. Morgan Chase global co-head of mergers and acquisitions Chris Ventresca. “With every day that goes by, they have a strengthening portfolio and balance sheet,” Ventresca said of companies across sectors […]
Read moreBritain finally cleared Rupert Murdoch to buy Sky on Thursday, removing the final obstacle to a head-to-head battle between Murdoch’s Twenty-First Century Fox and U.S. rival Comcast for the European pay-TV prize. Culture Secretary Jeremy Wright said: “It is now a matter for the Sky shareholders to decide whether to accept 21st Century Fox’s bid.” […]
Read moreUBS is getting less bullish over Netflix shares after the stock’s stunning rally this year. The firm lowered its rating to neutral from buy for Netflix shares, citing the internet company’s high valuation. “We believe Netflix’s core competencies in both content & tech should drive a virtuous circle of greater subs and increased viewing time, […]
Read moreIt may seem in the not-too-distant past, but when Anatoly Roytman started his own digital agency in the second half of the 1990s, digital was deemed “a very new field.” Yet it “worked great,” he said — that is until the internet bubble burst and he went bankrupt. So in a way, he had made […]
Read moreHot enterprise-focused start-up Snowflake Computing on Thursday said it’s making its software available on Microsoft’s Azure public cloud. Previously Snowflake, which people can use to store and run queries on data, only ran on the Amazon cloud. The development is a good sign for Microsoft, which lags behind Amazon in the cloud infrastructure business. Snowflake […]
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ECONOMISTS think prices, like spilt ketchup, are sticky. They move only slowly as firms digest economic conditions. Financial markets are an exception. Computerised trading by thousands of participants means prices, especially of currencies, can move in a McFlurry. Since The Economist last updated the Big Mac index (BMI), our lighthearted guide to currency valuation, burger […]
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