Goldman Sachs says Amazon earnings will beat the Street, so buy the stock

Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.


Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.
Goldman Sachs says Amazon earnings will beat the Street, so buy the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: pippa stevens
Keywords: news, cnbc, companies, goldman, amazon, buy, beat, sachs, going, stock, posts, month, thirdquarter, earnings, street, firm, end


Goldman Sachs says Amazon earnings will beat the Street, so buy the stock

Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: pippa stevens
Keywords: news, cnbc, companies, goldman, amazon, buy, beat, sachs, going, stock, posts, month, thirdquarter, earnings, street, firm, end


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Goldman Sachs says Amazon earnings will beat the Street, so buy the stock

Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.


Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.
Goldman Sachs says Amazon earnings will beat the Street, so buy the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: pippa stevens
Keywords: news, cnbc, companies, goldman, amazon, buy, beat, sachs, going, stock, posts, month, thirdquarter, earnings, street, firm, end


Goldman Sachs says Amazon earnings will beat the Street, so buy the stock

Amazon is going to beat the Street when it posts third-quarter earnings at the end of this month, according to Goldman Sachs, so the firm says to buy the stock now.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: pippa stevens
Keywords: news, cnbc, companies, goldman, amazon, buy, beat, sachs, going, stock, posts, month, thirdquarter, earnings, street, firm, end


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Trump lawyer Giuliani was paid $500,000 to consult on indicted associate’s firm

President Donald Trump’s personal attorney, Rudy Giuliani, was paid $500,000 for work he did for a company co-founded by the Ukrainian-American businessman arrested last week on campaign finance charges, Giuliani told Reuters on Monday. Giuliani said Parnas’ company, Boca Raton, Florida-based Fraud Guarantee, whose website says it aims to help clients “reduce and mitigate fraud,” engaged Giuliani Partners, a management and security consulting firm, around August 2018. The New York Times reported


President Donald Trump’s personal attorney, Rudy Giuliani, was paid $500,000 for work he did for a company co-founded by the Ukrainian-American businessman arrested last week on campaign finance charges, Giuliani told Reuters on Monday. Giuliani said Parnas’ company, Boca Raton, Florida-based Fraud Guarantee, whose website says it aims to help clients “reduce and mitigate fraud,” engaged Giuliani Partners, a management and security consulting firm, around August 2018. The New York Times reported
Trump lawyer Giuliani was paid $500,000 to consult on indicted associate’s firm Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, parnas, giuliani, money, consult, paid, lawyer, trump, fruman, associates, told, guarantee, indicted, work, 500000, fraud, source, week, firm


Trump lawyer Giuliani was paid $500,000 to consult on indicted associate's firm

President Donald Trump’s personal attorney, Rudy Giuliani, was paid $500,000 for work he did for a company co-founded by the Ukrainian-American businessman arrested last week on campaign finance charges, Giuliani told Reuters on Monday.

The businessman, Lev Parnas, is a close associate of Giuliani and was involved in his effort to investigate Trump’s political rival, former Vice President Joe Biden, who is a leading contender for the 2020 Democratic Party nomination.

Giuliani said Parnas’ company, Boca Raton, Florida-based Fraud Guarantee, whose website says it aims to help clients “reduce and mitigate fraud,” engaged Giuliani Partners, a management and security consulting firm, around August 2018. Giuliani said he was hired to consult on Fraud Guarantee’s technologies and provide legal advice on regulatory issues.

Federal prosecutors are “examining Giuliani’s interactions” with Parnas and another Giuliani associate, Igor Fruman, who was also indicted on campaign finance charges, a law enforcement source told Reuters on Sunday.

The New York Times reported last week that Parnas had told associates he paid Giuliani hundreds of thousands of dollars for what Giuliani said was business and legal advice. Giuliani said for the first time on Monday that the total amount was $500,000.

Giuliani told Reuters the money came in two payments made within weeks of each other. He said he could not recall the dates of the payments. He said most of the work he did for Fraud Guarantee was completed in 2018 but that he had been doing follow-up for over a year.

Parnas and Fruman were arrested at Dulles Airport outside Washington last week on charges they funneled foreign money to unnamed U.S. politicians in a bid to influence U.S.-Ukraine relations in violation of U.S. campaign finance laws. The men were preparing to board a plane to Europe.

According to an indictment unsealed by U.S. prosecutors, an unidentified Russian businessman arranged for two $500,000 wires to be sent from foreign bank accounts to a U.S. account controlled by Fruman in September and October 2018. The money was used, in part, by Fruman, Parnas and two other men charged in the indictment to gain influence with U.S. politicians and candidates, the indictment said.

Foreign nationals are prohibited from making contributions and other expenditures in connection with U.S. elections, and from making contributions in someone else’s name.

Giuliani said he was confident that the money he received was from “a domestic source,” but he would not say where it came from.

“I know beyond any doubt the source of the money is not any questionable source,” he told Reuters in an interview. “The money did not come from foreigners. I can rule that out 100%,” he said.

He declined to say whether the money had been paid directly to him by Fraud Guarantee or from another source.

John Dowd, a lawyer for Parnas and Fruman, also would not discuss the source of the funding that Giuliani said he received for his work for Fraud Guarantee. “What I know is privileged,” Dowd said.


Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, parnas, giuliani, money, consult, paid, lawyer, trump, fruman, associates, told, guarantee, indicted, work, 500000, fraud, source, week, firm


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Stocks making the biggest moves premarket: Boeing, Facebook, Nike, Lyft, Kohl’s, GM & more

Facebook – Facebook’s planned libra cryptocurrency is seeing more defections, with Visa and MasterCard pullout out of their planned participation. ConocoPhillips – ConocoPhillips announced the sale of its northern Australian business for $1.4 billion to Australian business partner Santos. AECOM – AECOM announced a deal to sell its management services unit to a consortium of private-equity firms for $2.4 billion. The engineering and design firm had announced plans to spin off the unit in June. Pl


Facebook – Facebook’s planned libra cryptocurrency is seeing more defections, with Visa and MasterCard pullout out of their planned participation. ConocoPhillips – ConocoPhillips announced the sale of its northern Australian business for $1.4 billion to Australian business partner Santos. AECOM – AECOM announced a deal to sell its management services unit to a consortium of private-equity firms for $2.4 billion. The engineering and design firm had announced plans to spin off the unit in June. Pl
Stocks making the biggest moves premarket: Boeing, Facebook, Nike, Lyft, Kohl’s, GM & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, moves, kohls, premarket, announced, lyft, firm, unit, stocks, fitness, boeing, upgraded, nike, making, week, facebook, workers, city, stock, billion


Stocks making the biggest moves premarket: Boeing, Facebook, Nike, Lyft, Kohl's, GM & more

Check out the companies making headlines before the bell:

Boeing – Chief Executive Officer Dennis Muilenburg was stripped of his chairman’s title, in a move the company said was designed to allow Muilenburg to focus on returning the grounded 737 Max jet to service.

Facebook – Facebook’s planned libra cryptocurrency is seeing more defections, with Visa and MasterCard pullout out of their planned participation. PayPal, eBay, and Stripe previously announced they would no longer participate in Libra.

Nike – The stock was upgraded to “neutral” from “underperform” at Bank of America/Merrill Lynch, The firm said new sportswear apparel and growth of sub-$100 footwear is helping offset challenges of the past few years including a more competitive marketplace.

ConocoPhillips – ConocoPhillips announced the sale of its northern Australian business for $1.4 billion to Australian business partner Santos.

Lyft, Uber – The ride-hailing services are suing New York City over a new rule that limits the time its drivers are allowed to cruise in Manhattan without passengers.

General Motors – GM and the United Auto Workers Union are still trying to reach an agreement on a new contract as a strike enters its fifth week. The union said it will boost strike pay for 48,000 hourly workers by $25 per week to $275 as the walkout continues.

PG&E – PG&E rejected an offer by the city of San Francisco to buy its power lines and other infrastructure within the city for $2.5 billion. The bankrupt utility said the offer undervalues its assets.

Kohl’s – Kohl’s named Executive Vice President Jill Tim as its new chief financial officer. She will succeed Bruce Besanko, who will step down from that role at the retailer on Nov. 1.

Blackstone – Blackstone has held talks about buying a stake in Ken Griffin’s Citadel, according to The Wall Street Journal. The private-equity firm is said to have considered investing in both Citadel’s hedge fund operations as well as in its securities trading unit.

AECOM – AECOM announced a deal to sell its management services unit to a consortium of private-equity firms for $2.4 billion. The engineering and design firm had announced plans to spin off the unit in June.

Toll Brothers – The home builder’s stock was downgraded to “neutral” from “positive” at Susquehanna Financial in a valuation call, following outperformance since the beginning of the year. With that gain, Susquehanna said Toll Brothers shares are now at their historical average forward price-to-earnings ratio.

Planet Fitness – Imperial Capital upgraded the fitness center operator to “outperform” from “in-line,” calling Planet Fitness a “best in class” fitness operator and a premium consumer growth stock.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, moves, kohls, premarket, announced, lyft, firm, unit, stocks, fitness, boeing, upgraded, nike, making, week, facebook, workers, city, stock, billion


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Stocks making the biggest moves midday: Blackstone, HP, AMC, Tapestry & more

The firm said that while Blackstone is “very well-positioned over the long term” they see “more modest upside” ahead after the stock’s 55% surge this year. Hewlett Packard Enterprise — HP shares rose 3% after an analyst at Evercore ISI upgraded them to in-line from underperform. AMC – Shares of the entertainment company lost 3.6% after Evercore downgraded the stock to underperform. Tapestry – Shares of the luxury lifestyle brands company dropped 2.9% after UBS lowered its rating on the stock to


The firm said that while Blackstone is “very well-positioned over the long term” they see “more modest upside” ahead after the stock’s 55% surge this year. Hewlett Packard Enterprise — HP shares rose 3% after an analyst at Evercore ISI upgraded them to in-line from underperform. AMC – Shares of the entertainment company lost 3.6% after Evercore downgraded the stock to underperform. Tapestry – Shares of the luxury lifestyle brands company dropped 2.9% after UBS lowered its rating on the stock to
Stocks making the biggest moves midday: Blackstone, HP, AMC, Tapestry & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: michael sheetz
Keywords: news, cnbc, companies, blackstone, biggest, upgraded, stock, company, rose, midday, amc, rating, making, analyst, stocks, moves, firm, upside, shares, tapestry, fitness


Stocks making the biggest moves midday: Blackstone, HP, AMC, Tapestry & more

HP logo, at Hewlett-Packard pavilion, during theMobile World Congress day 3, on February 28, 2018 in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images)

Check out the companies making headlines in midday trading:

Blackstone – Shares of the alternative asset manager shed 1.5% following a downgrade to neutral at Bank of America. The firm said that while Blackstone is “very well-positioned over the long term” they see “more modest upside” ahead after the stock’s 55% surge this year.

Hewlett Packard Enterprise — HP shares rose 3% after an analyst at Evercore ISI upgraded them to in-line from underperform. The analyst said HPE now has a better “risk/reward dynamic,” citing solid cash flow, an attractive valuation and the acquisition of supercomputer builder Cray.

AMC – Shares of the entertainment company lost 3.6% after Evercore downgraded the stock to underperform. The firm said that “accelerating cord-cutting trends” makes the stock “unfavorable at current levels.”

Western Digital – Shares of the computer hard-disk maker rose 1.5% after an analyst at Loop Capital upgraded Western Digital to buy from hold, noting the company can deliver earnings and revenue upside for the final two quarters of 2019.

Tapestry – Shares of the luxury lifestyle brands company dropped 2.9% after UBS lowered its rating on the stock to neutral from buy. UBS believes Tapestry will continue to face both widespread and industry headwinds, limiting its upside.

General Motors – GM’s stock slipped 0.4% after the United Auto Workers (UAW) union announced it was countering the automaker’s latest offer. The UAW strike has lasted nearly a month, disputing GM production as multiple key manufacturing locations.

Beyond Meat – Shares of the plant-based burger maker slid more than 3% after Wells Fargo initiated coverage on the stock with a market perform rating. The firm said “competition is poised to intensify” and that there’s “limited visibility into restaurant and foodservice success.”

CrowdStrike – Shares of cybersecurity technology company CrowdStrike tanked more than 8% after Citi initiated coverage of the stock with a sell rating. The firm said CrowdStrike won’t be able to sustain its current growth level and is trading above normal software multiples.

Planet Fitness – Shares of Planet Fitness rose 3.4% following an upgrade from Imperial to outperform from in-line. The firm said Planet Fitness is a “best in class” fitness operator with good management. Imperial called the stock a “core long-term holding.”

SmileDirectClub – The teeth-straightening startup’s stock tanked 11% after California Governor Gavin Newsom signed a bill that is expected to how the company’s “teledentistry” service is regulated. SmileDirectClub shares have fallen more than 52% since its IPO on Sep. 12 at $20.55 a share.

– CNBC’s Maggie Fitzgerald, Pippa Stevens and Fred Imbert contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: michael sheetz
Keywords: news, cnbc, companies, blackstone, biggest, upgraded, stock, company, rose, midday, amc, rating, making, analyst, stocks, moves, firm, upside, shares, tapestry, fitness


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Hunter Biden resigns from Chinese firm following Trump attacks

Hunter Biden is stepping down from the board of a Chinese-backed private equity company and committing to not working for a foreign-owned company if his father, former Vice President Joe Biden, is elected president in 2020. Hunter’s vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption. Shortly after the revelations of the Ukraine call, Trump publicly called on China to investigate the Bidens. “When Hunter engaged in his busi


Hunter Biden is stepping down from the board of a Chinese-backed private equity company and committing to not working for a foreign-owned company if his father, former Vice President Joe Biden, is elected president in 2020. Hunter’s vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption. Shortly after the revelations of the Ukraine call, Trump publicly called on China to investigate the Bidens. “When Hunter engaged in his busi
Hunter Biden resigns from Chinese firm following Trump attacks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-13  Authors: emma newburger
Keywords: news, cnbc, companies, work, biden, chinese, attacks, statement, following, company, business, resigns, president, trump, ukraine, father, firm, hunter


Hunter Biden resigns from Chinese firm following Trump attacks

Hunter Biden is stepping down from the board of a Chinese-backed private equity company and committing to not working for a foreign-owned company if his father, former Vice President Joe Biden, is elected president in 2020.

Hunter’s vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.

In a statement released from his lawyer George Mesires, Biden vowed to step down by the end of the month from a management company of a private equity fund backed by Chinese state-owned entities, and said he hasn’t discussed his own business activities with his father.

Trump in a July phone call encouraged the leader of Ukraine to investigate Hunter and his father, which led to the launch of an impeachment inquiry by Democrats last month. Shortly after the revelations of the Ukraine call, Trump publicly called on China to investigate the Bidens.

“Hunter always understood that his father would be guided, entirely and unequivocally, by established U.S. policy, irrespective of its effects on Hunter’s professional interests,” the statement read. “When Hunter engaged in his business pursuits, he believed that he was acting appropriately and in good faith. He never anticipated the barrage of false charges against both him and his father by the president of the United States.”

“Under a Biden Administration, Hunter will readily comply with any and all guidelines or standards a President Biden may issue to address purported conflicts of interest, or the appearance of such conflicts, including any restrictions related to overseas business interests,” the statement continues. “In any event, Hunter will agree not to serve on boards of, or work on behalf of, foreign owned companies.”


Company: cnbc, Activity: cnbc, Date: 2019-10-13  Authors: emma newburger
Keywords: news, cnbc, companies, work, biden, chinese, attacks, statement, following, company, business, resigns, president, trump, ukraine, father, firm, hunter


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Stocks making the biggest moves midday: United Technologies, Roku, Wendy’s & more

Check out the companies making headlines in midday trading:United Technologies, Raytheon — Shares of United Technologies rose 1.7%, while Raytheon’s stock was largely unchanged, after shareholder meetings at each defense contractor approved a merger of equals. The deal would see United Technologies’ aerospace business combined with Raytheon and is expected to close in the first half of next year. Roku — Roku shares jumped 4.2% on news that Citadel Securities took a 5% stake in the media-streamin


Check out the companies making headlines in midday trading:United Technologies, Raytheon — Shares of United Technologies rose 1.7%, while Raytheon’s stock was largely unchanged, after shareholder meetings at each defense contractor approved a merger of equals. The deal would see United Technologies’ aerospace business combined with Raytheon and is expected to close in the first half of next year. Roku — Roku shares jumped 4.2% on news that Citadel Securities took a 5% stake in the media-streamin
Stocks making the biggest moves midday: United Technologies, Roku, Wendy’s & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michael sheetz
Keywords: news, cnbc, companies, wendys, companys, moves, midday, breakfast, making, biggest, market, stock, roku, united, firm, stocks, shares, video, technologies, company


Stocks making the biggest moves midday: United Technologies, Roku, Wendy's & more

A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, U.S., September 28, 2017.

Check out the companies making headlines in midday trading:

United Technologies, Raytheon — Shares of United Technologies rose 1.7%, while Raytheon’s stock was largely unchanged, after shareholder meetings at each defense contractor approved a merger of equals. The deal would see United Technologies’ aerospace business combined with Raytheon and is expected to close in the first half of next year.

Roku — Roku shares jumped 4.2% on news that Citadel Securities took a 5% stake in the media-streaming device maker. The stock also got a boost after an analyst at RBC Capital Markets upgraded it to outperform from market perform. The analyst cited a “compelling” valuation and strong revenue growth among the reasons for the upgrade.

Wendy’s — Shares of the fast-food chain gained 3.8% after Wendy’s gave more details about its plans to launch nationwide breakfast and expand in Europe. The company said it will invest about $20 million to support U.S. stores in preparation of the 2020 breakfast rollout. Wendy’s also expects breakfast to become at least 10% of its daily sales.

Johnson & Johnson — Shares of the pharmaceutical giant gained 1.8% after Bernstein upgraded the company to an outperform rating. The firm said the stock is now at a “historically cheap” valuation, and that they expect the company’s ongoing lawsuits to be resolved over the next 6 – 12 months.

Crowdstrike — The cyber security company’s stock fell 3.2% following a downgrade to sell at Goldman Sachs. While the firm believes that the company “is uniquely positioned to continue to take market share,” following the stock’s 85% gain since its June IPO, the firm believes that at this point expectations are “elevated.”

SAP — Shares of SAP surged 10.1% after the German software company announced Bill McDermott is stepping down as CEO after nine years. SAP also pre-announced third-quarter results, which beat expectations in part due to a cloud customer.

Fastenal – Shares of Fastenal skyrocketed more than 16% after the maker of construction and industrial supplies reported stronger-than-expected earnings. Fastenal earned 37 cents per share in the past quarter, 2 cents above estimates, while revenue also came slightly above Wall Street forecasts. The strong result came from higher unit sales and higher prices that had been implemented to mitigate the impacts of general and tariff-related inflation.

— CNBC’s Pippa Stevens, Yun Li and Fred Imbert contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michael sheetz
Keywords: news, cnbc, companies, wendys, companys, moves, midday, breakfast, making, biggest, market, stock, roku, united, firm, stocks, shares, video, technologies, company


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Former UK spymaster plays down national security fears over Huawei

China has not tried to use Huawei network equipment for spying in Britain, a former head of the country’s foreign intelligence service said Wednesday. John Sawers, who served as the chief of MI6 from 2009 to 2014, played down national security concerns over the Chinese tech giant, telling an audience in London that Beijing has not “sought to exploit, or been able to exploit, Huawei equipment in our telecoms national infrastructure” for espionage. Intelligence officials in the U.S. have expressed


China has not tried to use Huawei network equipment for spying in Britain, a former head of the country’s foreign intelligence service said Wednesday. John Sawers, who served as the chief of MI6 from 2009 to 2014, played down national security concerns over the Chinese tech giant, telling an audience in London that Beijing has not “sought to exploit, or been able to exploit, Huawei equipment in our telecoms national infrastructure” for espionage. Intelligence officials in the U.S. have expressed
Former UK spymaster plays down national security fears over Huawei Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: ryan browne
Keywords: news, cnbc, companies, spymaster, plays, trade, equipment, chinese, tech, concerns, firm, national, exploit, security, hand, fears, huawei


Former UK spymaster plays down national security fears over Huawei

China has not tried to use Huawei network equipment for spying in Britain, a former head of the country’s foreign intelligence service said Wednesday.

John Sawers, who served as the chief of MI6 from 2009 to 2014, played down national security concerns over the Chinese tech giant, telling an audience in London that Beijing has not “sought to exploit, or been able to exploit, Huawei equipment in our telecoms national infrastructure” for espionage.

Intelligence officials in the U.S. have expressed concerns that the company could set up “backdoors” to help the Chinese government spy on Americans. For its part, Huawei has denied it would ever hand over data to Beijing.

MI6’s current chief, Alex Younger, last year flagged concerns about companies like Huawei, specifically targeting “Chinese ownership of these technologies” as a primary risk. Under Chinese law, companies are obliged to hand over data to assist state intelligence.

The Chinese firm has faced intense scrutiny in the U.S., which has added it to a trade blacklist and is looking to extradite its CFO, Meng Wanzhou, from Canada on bank and wire fraud charges. The company’s CEO — and Meng’s father — Ren Zhengfei recently said he is considering offering an exclusive 5G license to a U.S. carrier.

Washington upped the pressure on China’s tech industry earlier this week. It placed another 28 entities on the trade blacklist, alleging they have been implicated in human rights violations related to minority Muslims in northwest China.

Sawers said that Huawei had become a “point of leverage” in the trade battle between the U.S. and China, and that the President Donald Trump administration would likely make concessions on its tough stance on the firm.


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: ryan browne
Keywords: news, cnbc, companies, spymaster, plays, trade, equipment, chinese, tech, concerns, firm, national, exploit, security, hand, fears, huawei


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Stocks making the biggest moves midday: Roku, Levi Strauss, Target, US Steel & more

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Check out the companies making headlines in midday trading:— Shares of Roku jumped 7.4% after Macquarie Research upgraded Roku to outperform from neutral on Wednesday, while raising its 12-month price target to $130 from $110. Levi Strauss — Shares of denim maker Levi Strauss tanked more than 5% after reporting third-quarter earnings that struggled


Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Check out the companies making headlines in midday trading:— Shares of Roku jumped 7.4% after Macquarie Research upgraded Roku to outperform from neutral on Wednesday, while raising its 12-month price target to $130 from $110. Levi Strauss — Shares of denim maker Levi Strauss tanked more than 5% after reporting third-quarter earnings that struggled
Stocks making the biggest moves midday: Roku, Levi Strauss, Target, US Steel & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: yun li
Keywords: news, cnbc, companies, midday, shares, biggest, stocks, retailer, making, johnson, york, moves, firm, levi, grow, strauss, high, bradley, company, stock, roku, steel, target


Stocks making the biggest moves midday: Roku, Levi Strauss, Target, US Steel & more

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City.

Check out the companies making headlines in midday trading:

— Shares of Roku jumped 7.4% after Macquarie Research upgraded Roku to outperform from neutral on Wednesday, while raising its 12-month price target to $130 from $110. The research firm said the streaming service has the potential to triple its user base in three years, growing internationally just like did.

Levi Strauss — Shares of denim maker Levi Strauss tanked more than 5% after reporting third-quarter earnings that struggled to grow its wholesale business in the Americas, its largest market. Despite this weakness, Levi beat Wall Street’s estimates for earnings per share and revenue.

Johnson & Johnson — Shares of Johnson & Johnson fell 2% after a Philadelphia court jury ruled the pharmaceutical company must pay $8 billion to a man who claims that the company failed to warn young men using its antipsychotic drug Risperdal that they could grow breasts.

U.S. Steel — Shares of U.S. Steel tanked more than 8% after CFO Kevin Bradley announced his resignation, effective Nov. 4. Bradley will remain with the company as an advisor to CEO David Burritt. Christine Breves, chief supply chain officer, will succeed Bradley as CFO.

Target — Shares of the big-box retailer rose more than 2%, hitting a new all-time high, following an announcement that it will partner with Toys R Us parent company TRU Kids to help relaunch the children store’s website. This follows a “strong buy” initiation from Raymond James, where the firm said the retailer is “well positioned” to take market share and grow earnings.

Peloton — Shares of the exercise equipment maker gained more than 2% after Baird initiated coverage on the stock with an outperform rating. The firm said that while it may “prove difficult” for the company to reach profitability in the next 5 years, there are still “untapped platform opportunities” within a “sizable potential market.”

FireEye — Shares of FireEye jumped 4.5% after the cybersecurity company issued strong revenue guidance for the third quarter. The company now expects revenues for the quarter to come in at, or above, the high end of a range between $217 million to $221 million.

Boot Barn — Shares of the retailer gained more than 3% after Stephens initiated coverage on the stock with an overweight rating and $46 target. The firm said the company is poised for “significant growth” and that it trades at a “discount to other high growth specialty retailers.”

— CNBC’s Maggie Fitzgerald and Pippa Stevens contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: yun li
Keywords: news, cnbc, companies, midday, shares, biggest, stocks, retailer, making, johnson, york, moves, firm, levi, grow, strauss, high, bradley, company, stock, roku, steel, target


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CEO departures on pace for a record year

Chief executives are leaving their posts at a record pace this year. CEO departures hit a record high for the year this month with 1,160 U.S. based companies announcing CEO exits through September, according to business and executive coaching firm Challenger, Gray & Christmas. In the midst of the financial crisis, 2008 was the second-highest year for CEO turnover with 1,132 executives leaving through September, 2.5% lower than the current year-to-date total. August was the highest month total fo


Chief executives are leaving their posts at a record pace this year. CEO departures hit a record high for the year this month with 1,160 U.S. based companies announcing CEO exits through September, according to business and executive coaching firm Challenger, Gray & Christmas. In the midst of the financial crisis, 2008 was the second-highest year for CEO turnover with 1,132 executives leaving through September, 2.5% lower than the current year-to-date total. August was the highest month total fo
CEO departures on pace for a record year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, record, leaving, month, pace, firm, ceos, yeartodate, started, president, ceo, departures, executives


CEO departures on pace for a record year

Chief executives are leaving their posts at a record pace this year.

CEO departures hit a record high for the year this month with 1,160 U.S. based companies announcing CEO exits through September, according to business and executive coaching firm Challenger, Gray & Christmas. This is the highest year-to-date level since the firm started tracking in 2002.

“Coming off a decade-long expansion, companies that started and developed during this period find themselves needing new leadership to continue to grow,” said Andrew Challenger, Vice President of the firm.

In the midst of the financial crisis, 2008 was the second-highest year for CEO turnover with 1,132 executives leaving through September, 2.5% lower than the current year-to-date total.

August was the highest month total for CEO exits on record with 159 chief executives leaving.

The primary reason for CEOs leaving is stepping down and retirement, the firm said. Some CEOs go to a new company and a handful leave because of a merger/acquisitions or scandals.

Notable CEOs that left in September were WeWork’s Adam Neumann, Juul CEO Kevin Burns, and eBay president and CEO Devin Wenig.


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, record, leaving, month, pace, firm, ceos, yeartodate, started, president, ceo, departures, executives


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