Netflix’s global subscription expansion as well as gradual pricing increases put the company’s stock on track for even more upside over the next year, according to Macquarie Research. The firm raised its price target on the online video streamer’s shares to $430 from $336, reiterating its outperform rating and citing uplift in subscriptions to higher […]
Read moreInvestors may want to hold on tight. Todd Salamone of Schaeffer’s Investment Research suggests the stock market’s wild ride will intensify this summer and could take the major indexes down with it. The firm’s senior vice president of research cites an unusual scenario that materialized around the June Federal Reserve rate hike that bodes poorly […]
Read moreA relief rally in stocks will arrive in October but President Donald Trump isn’t finished with his trade demands, according to an investment bank specializing in emerging market assets. The threat of U.S.-led protectionism has sent capital flowing out of riskier emerging market (EM) assets. The MSCI index of developing-nation stocks on the cusp of […]
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Walgreens Boots Alliance shares sank to a 52-week low Thursday as investors dug into the company’s third-quarter earnings results and Amazon announced a potentially disruptive deal. Shares cratered more than 10 percent in morning trading, at one point hitting a 52-week low of $59.33. Walgreens shares are now down more than 22 percent over the […]
Read moreCheck out the companies making headlines before the bell: Walgreens Boots Alliance – Walgreens – the newest Dow component – reported adjusted quarterly profit of $1.53 per share, 5 cents a share above estimates. Revenue beat estimates, as well, and the drugstore operator also authorized a $10 billion share repurchase program and raised its quarterly […]
Read moreConfused yet? Stocks have been a mess this week. The S&P 500 is up only 1.6 percent so far this year, its worst first half showing since 2015. Sectors that were market leaders through most of the quarter — small caps, FAANG stocks, semiconductors — have weakened as the quarter is closing. While trade issues […]
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It’s a big bust in the big bank space. Financials just extended their losing streak into a 13th straight session, a record for the sector. The XLF financial ETF‘s sell-off has caused major technical damage to the charts, according to Matt Maley, equity strategist at Miller Tabak. “Look at that XLF, it’s broken some key […]
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Every once in a while, an ETF seems to hit all the right notes at the right time. One such fund these days is the KraneShares CSI China Internet ETF (KWEB). China-focused equity ETFs generally have had a challenging time this year, with the country sitting in the middle of a trade spat with the […]
Read moreWhite House economic advisor Larry Kudlow said the administration’s revised approach towards China shouldn’t be characterized as a retreat. The director of the National Economic Council instead characterized the decision to use a committee to determine when Chinese-owned companies should be halted from taking ownership in U.S. firms as simply a “modernization” that will protect […]
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It’s a brave new world for General Electric on Day 2 outside the Dow. After getting beaten up and kicked out of the blue-chip index, its shares are now rallying to their best level in a month. Step in with caution here, says one technical analyst. “I might trade it, but I don’t trust it,” […]
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