As the third-quarter earnings season gets under way, we should all expect to be surprised. There is an overwhelming consensus among Wall Street’s strategists that their brokers’ earnings forecasts, now calling for S&P 500 earnings to rise 4.6 per cent exactly year-on-year, are far too low. The consensus is overwhelming. JPMorgan expects earnings to “outperform […]
Read moreCNBC’s Jim Cramer said Wednesday he likes what he read in a rare, bullish analyst note on Snap. Shares of the Snaphcat-parent were sharply higher early Wednesday after Credit Suisse raised its price target for year-end 2018 from $17 to $20 per share. Based on Snap’s closing price Tuesday of $14.34 per share, a move […]
Read moreCredit Suisse analyst raises price forecasts for Alphabet and Facebook to the highest on Wall Street
Investors should continue to own mega-cap internet stocks even after their big runs this year, according to a one Wall Street firm. Credit Suisse reaffirmed its outperform ratings and raised its price targets for both Alphabet and Facebook to the highest on Wall Street, citing increasing ad spending for the internet giants. “Our conversations with […]
Read moreFor those Democrats waiting for some evidence that will prove the Russians stole the 2016 presidential election, it’s not much but better than nothing: The revelations that Russian agents ran hundreds of fake Facebook accounts trafficking divisive stories as well as similar activity on other platforms such as Google and LinkedIn give us some idea […]
Read moreOutspoken venture capitalist Chamath Palihapitiya said that there has to be regulation to deal with the unintended consequences of technological disruption. In an interview at the recent Black Enterprise TechConnext event, Palihapitiya told CNBC’s Jon Fortt that until now disruptive tech companies have not grappled with their effect on the “disrupted” industries, and phenomena like […]
Read moreMark Zuckerberg has apologized for showcasing Facebook‘s virtual reality capability with a tour of hurricane-ravaged Puerto Rico. The Facebook founder and another executive discussed the platform’s virtual reality project through avatars in a video recorded live Monday. The video begins with the avatars pictured on the roof of Facebook’s Mountain View, California, headquarters before heading […]
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The news for stock pickers just keeps getting better — in addition to the overall great year for the market, one of the biggest trends holding back performance has shown a sharp turnaround. Correlation, or the tendency of stocks to move up and down in lockstep, has hit a post-financial crisis low, according to DataTrek […]
Read moreCNBC’s Jim Cramer said Wednesday that General Electric‘s latest comments about its dividend are not reassuring and he feels “stupid” owning GE stock. In a new GE research note, JPMorgan analysts said they see “a dividend cut or ‘adjustment’ as it is likely termed, as increasingly likely.” A spokeswoman for GE, in response to a […]
Read moreGoing to college may not be cheap, but now you can at least skim a few bucks off your Amazon Prime subscription. For college students not willing to commit to a full year of Amazon Prime, the company announced Wednesday a new $5.49 monthly payment option called Amazon Prime Student. Current college attendees with a […]
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Shares of NBC-parent Comcast dipped slightly Wednesday after President Donald Trump tweeted about challenging the NBC network license. “With all of the Fake News coming out of NBC and the Networks, at what point is it appropriate to challenge their License? Bad for country!” Trump said in a Wednesday tweet at 9:55 am ET. Tweet […]
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