There’s a unit inside Amazon that will be a $31 billion business in four years, RBC says

RBC Capital thinks that there is a quickly growing but overlooked part of Amazon’s business – namely, Amazon Business – with revenue that will exceed more than $30 billion in just a few years. “We believe Amazon Business has largely been ignored by investors,” RBC Capital Markets analyst Mark Mahaney said in a note on Friday. Amazon Business has a wide variety of offerings, as customer options range from specific industrial products to as broad as office supplies. RBC estimates Amazon’s business


RBC Capital thinks that there is a quickly growing but overlooked part of Amazon’s business – namely, Amazon Business – with revenue that will exceed more than $30 billion in just a few years.
“We believe Amazon Business has largely been ignored by investors,” RBC Capital Markets analyst Mark Mahaney said in a note on Friday.
Amazon Business has a wide variety of offerings, as customer options range from specific industrial products to as broad as office supplies.
RBC estimates Amazon’s business
There’s a unit inside Amazon that will be a $31 billion business in four years, RBC says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael sheetz
Keywords: news, cnbc, companies, rbc, theres, retail, amazon, billion, inside, business, market, amazons, b2b, mahaney, unit


There's a unit inside Amazon that will be a $31 billion business in four years, RBC says

RBC Capital thinks that there is a quickly growing but overlooked part of Amazon’s business – namely, Amazon Business – with revenue that will exceed more than $30 billion in just a few years.

“We believe Amazon Business has largely been ignored by investors,” RBC Capital Markets analyst Mark Mahaney said in a note on Friday.

The unit is Amazon’s business-to-business, or B2B, marketplace, serving a variety of customers from large companies to hospitals, as well as schools and colleges. Amazon Business has a wide variety of offerings, as customer options range from specific industrial products to as broad as office supplies.

“With GMV [gross merchandise volume] over $10B and growing faster than Amazon’s Retail and AWS segments, it continues to gain market share while also triggering seismic changes to ecommerce business models across the industrial distributor landscape, with Underperform-rated Grainger still in the cross hairs,” Mahaney said.

RBC estimates Amazon’s business will see revenue reach $31 billion by 2023, as sales quintuple to $52 billion over the same period.

Amazon launched the unit in 2015, with Mahaney noting that it hit $1 billion in sales its first year. RBC noted Amazon Business last year reached over 2 million customers around the globe, as well as more than 200,000 sellers offering hundreds of millions of products.

Amazon Business has also outstripped its retail e-commerce business and even cloud unit Amazon Web Services (AWS) in growth, RBC said. Mahaney estimated that Amazon Business’ 115% compound annual growth rate over three years was faster than both the retail business, at 28%, as well as AWS, at 48%.

“We believe Amazon is well positioned to gain market share,” Mahaney added.

RBC estimates the total addressable B2B market is $67 trillion, nearly three times the size of the global retail market. The firm says the B2B world is “inefficiently served,” citing in part a relatively low amount of online sales.

“Amazon has the right competencies—substantial competences include logistics, large scale, loyal customer base, and technology infrastructure,” Mahaney said.

RBC has an outperform rating on Amazon’s stock.

– CNBC’s Michael Bloom contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael sheetz
Keywords: news, cnbc, companies, rbc, theres, retail, amazon, billion, inside, business, market, amazons, b2b, mahaney, unit


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Rocket Lab passes key milestone in SpaceX-like quest to recover and reuse rockets

A long exposure photo shows Rocket Lab’s Electron rocket lifting off on the company’s 10th mission. By navigating the booster through reentry, Rocket Lab is one step closer to becoming one of the few in the world able to recover a rocket booster. Additionally, if successful, Rocket Lab would join SpaceX as the only private company to return an orbital-class rocket booster. Rocket Lab, instead, is testing a technology Beck calls an “aero thermal decelerator” — essentially using the atmosphere to


A long exposure photo shows Rocket Lab’s Electron rocket lifting off on the company’s 10th mission.
By navigating the booster through reentry, Rocket Lab is one step closer to becoming one of the few in the world able to recover a rocket booster.
Additionally, if successful, Rocket Lab would join SpaceX as the only private company to return an orbital-class rocket booster.
Rocket Lab, instead, is testing a technology Beck calls an “aero thermal decelerator” — essentially using the atmosphere to
Rocket Lab passes key milestone in SpaceX-like quest to recover and reuse rockets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael sheetz
Keywords: news, cnbc, companies, boosters, mission, lab, electron, rockets, company, milestone, rocket, booster, labs, recover, quest, spacexlike, reuse, key, stage, reentry, passes


Rocket Lab passes key milestone in SpaceX-like quest to recover and reuse rockets

A long exposure photo shows Rocket Lab’s Electron rocket lifting off on the company’s 10th mission. Sam Toms | Rocket Lab

Rocket Lab launched seven spacecraft early Friday as the builder of small rockets completed another mission, but one launch came with a significant achievement. After launching from New Zealand, it successfully returned the Electron rocket’s booster — the lower portion and most expensive part of the rocket — through Earth’s atmosphere. By navigating the booster through reentry, Rocket Lab is one step closer to becoming one of the few in the world able to recover a rocket booster. It’s a critical development in Rocket Lab’s plan to catch the booster with a helicopter in midair and reuse it for future missions. Additionally, if successful, Rocket Lab would join SpaceX as the only private company to return an orbital-class rocket booster. “Our first guided stage re-entry was a complete success,” Rocket Lab CEO Peter Beck said in a statement. “The stage made it through the harsh re-entry environment intact, which is an outstanding result for a first test of our recovery systems.”

The curve of the Earth seen from a camera on Rocket Lab’s booster as it returns from space. Rocket Lab

Beck’s company, much like Elon Musk’s SpaceX, wants to recover the boosters so it can launch more often while simultaneously decreasing the material cost of each mission. But Rocket Lab’s approach to recovering its boosters is notably different than SpaceX’s, which uses the boosters’ engines to slow it down during reentry and add wide legs to land on large concrete pads. Rocket Lab, instead, is testing a technology Beck calls an “aero thermal decelerator” — essentially using the atmosphere to slow down the rocket. After separating from the upper stage of the Electron rocket, which carried the spacecraft into orbit, Rocket Lab’s onboard computer guided the booster through reentry, successfully flipping it around 180 degrees.

The booster of Rocket Lab’s Electron rocket separates as its upper stage, with its engine nozzle visible in the foreground, continues on to orbit. Rocket Lab

The booster remained stable through the intense reentry, Rocket Lab said, slowing to a speed of less than 560 miles per hour. The booster then smashed into the ocean and disintegrated, a move that Rocket Lab planned if the reentry process was successful. Next up for Rocket Lab’s recovery attempts will be adding parachutes, which will deploy once the booster reenters the atmosphere. The company then plans to use a helicopter to snag the parachute in midair, to carry the booster back to a soft landing on a Rocket Lab boat.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael sheetz
Keywords: news, cnbc, companies, boosters, mission, lab, electron, rockets, company, milestone, rocket, booster, labs, recover, quest, spacexlike, reuse, key, stage, reentry, passes


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‘The Wolf of Wall Street’ photo, with the real Jordan Belfort, sells for $200,000

An homage to excess, featuring the signatures of two Hollywood legends, quickly banked $200,000 from an unnamed buyer this week. The black-and-white “Wolves of Wall Street I,” by famed British photographer David Yarrow, sold at Art Miami within 10 minutes of the art fair’s opening. Yarrow was inspired by the 2013 film “The Wolf of Wall Street” and brought in the real Jordan Belfort, whose memoir the movie is based on, to feature in the photo. And that’s not all: The photo also bears the signatur


An homage to excess, featuring the signatures of two Hollywood legends, quickly banked $200,000 from an unnamed buyer this week.
The black-and-white “Wolves of Wall Street I,” by famed British photographer David Yarrow, sold at Art Miami within 10 minutes of the art fair’s opening.
Yarrow was inspired by the 2013 film “The Wolf of Wall Street” and brought in the real Jordan Belfort, whose memoir the movie is based on, to feature in the photo.
And that’s not all: The photo also bears the signatur
‘The Wolf of Wall Street’ photo, with the real Jordan Belfort, sells for $200,000 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael sheetz
Keywords: news, cnbc, companies, sold, wolf, real, martin, wall, 200000, jordan, signatures, yarrow, belfort, art, scorsese, sells, street, africa


'The Wolf of Wall Street' photo, with the real Jordan Belfort, sells for $200,000

An homage to excess, featuring the signatures of two Hollywood legends, quickly banked $200,000 from an unnamed buyer this week.

The black-and-white “Wolves of Wall Street I,” by famed British photographer David Yarrow, sold at Art Miami within 10 minutes of the art fair’s opening. Yarrow was inspired by the 2013 film “The Wolf of Wall Street” and brought in the real Jordan Belfort, whose memoir the movie is based on, to feature in the photo.

And that’s not all: The photo also bears the signatures of director Martin Scorsese and actor Leonardo DiCaprio.

“The Wolf of Wall Street project was an ambitious and important one for me as Martin Scorsese is one of my heroes,” Yarrow said in a blog post on Nov. 1.

The Maddox Gallery, which sold the photo, said $160,000 of its proceeds will be donated to a conservation charity. Yarrow said that this “frenzied dealing room” scene, as well as “a recreation of The Lion King in East Africa and South Africa … cost a combined £200,000” to make, or about $260,000.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael sheetz
Keywords: news, cnbc, companies, sold, wolf, real, martin, wall, 200000, jordan, signatures, yarrow, belfort, art, scorsese, sells, street, africa


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Citi raises Apple price target on strong holiday demand for wearables like AirPods, Apple Watch

Citi raised its price target on Apple’s stock to $300 from $250, as the firm told investors it expects stronger sales and profits this holiday gift-giving season in a note titled “Why this Christmas is Different for Apple.” Apple shares rose 0.7% in premarket trading from its previous close of $261.74. Citi has a buy rating on Apple and the firm’s new price target represents a 15% climb in the stock from its current levels. “We believe consensus is underappreciating the Apple Watch and Apple Air


Citi raised its price target on Apple’s stock to $300 from $250, as the firm told investors it expects stronger sales and profits this holiday gift-giving season in a note titled “Why this Christmas is Different for Apple.”
Apple shares rose 0.7% in premarket trading from its previous close of $261.74.
Citi has a buy rating on Apple and the firm’s new price target represents a 15% climb in the stock from its current levels.
“We believe consensus is underappreciating the Apple Watch and Apple Air
Citi raises Apple price target on strong holiday demand for wearables like AirPods, Apple Watch Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, wearables, holiday, stock, underappreciating, watch, raises, sales, target, strong, citi, apples, price, demand, apple


Citi raises Apple price target on strong holiday demand for wearables like AirPods, Apple Watch

Citi raised its price target on Apple’s stock to $300 from $250, as the firm told investors it expects stronger sales and profits this holiday gift-giving season in a note titled “Why this Christmas is Different for Apple.”

Apple shares rose 0.7% in premarket trading from its previous close of $261.74. Citi has a buy rating on Apple and the firm’s new price target represents a 15% climb in the stock from its current levels.

“We believe consensus is underappreciating the Apple Watch and Apple AirPods demand strength and Apple’s wearables segment likely to surpass $10 billion of quarterly sales this quarter,” Citi analyst Jim Suva said.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, wearables, holiday, stock, underappreciating, watch, raises, sales, target, strong, citi, apples, price, demand, apple


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Citi raises Apple price target on strong holiday demand for wearables like AirPods, Apple Watch

Citi raised its price target on Apple’s stock to $300 from $250, as the firm told investors it expects stronger sales and profits this holiday gift-giving season in a note titled “Why this Christmas is Different for Apple.” Apple shares rose 0.7% in premarket trading from its previous close of $261.74. Citi has a buy rating on Apple and the firm’s new price target represents a 15% climb in the stock from its current levels. “We believe consensus is underappreciating the Apple Watch and Apple Air


Citi raised its price target on Apple’s stock to $300 from $250, as the firm told investors it expects stronger sales and profits this holiday gift-giving season in a note titled “Why this Christmas is Different for Apple.”
Apple shares rose 0.7% in premarket trading from its previous close of $261.74.
Citi has a buy rating on Apple and the firm’s new price target represents a 15% climb in the stock from its current levels.
“We believe consensus is underappreciating the Apple Watch and Apple Air
Citi raises Apple price target on strong holiday demand for wearables like AirPods, Apple Watch Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, wearables, holiday, stock, underappreciating, watch, raises, sales, target, strong, citi, apples, price, demand, apple


Citi raises Apple price target on strong holiday demand for wearables like AirPods, Apple Watch

Citi raised its price target on Apple’s stock to $300 from $250, as the firm told investors it expects stronger sales and profits this holiday gift-giving season in a note titled “Why this Christmas is Different for Apple.”

Apple shares rose 0.7% in premarket trading from its previous close of $261.74. Citi has a buy rating on Apple and the firm’s new price target represents a 15% climb in the stock from its current levels.

“We believe consensus is underappreciating the Apple Watch and Apple AirPods demand strength and Apple’s wearables segment likely to surpass $10 billion of quarterly sales this quarter,” Citi analyst Jim Suva said.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, wearables, holiday, stock, underappreciating, watch, raises, sales, target, strong, citi, apples, price, demand, apple


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Stocks making the biggest moves midday: Etsy, ViacomCBS, Biogen, Sage Therapeutics & more

Biogen – The biotechnology company’s stock rose 3.3% after Biogen released new data about its late-stage Alzheimer’s drug called aducanumab. Signet Jewelers — Shares of the jewelry company popped more than 9% in midday trading after the company reported a smaller-than-expected loss and topped analysts’ sales expectations in the third quarter. Sage Therapeutics — Sage’s stock plunged nearly 60% after the company announced its oral depression therapy failed in a late-stage trial. Five Below report


Biogen – The biotechnology company’s stock rose 3.3% after Biogen released new data about its late-stage Alzheimer’s drug called aducanumab.
Signet Jewelers — Shares of the jewelry company popped more than 9% in midday trading after the company reported a smaller-than-expected loss and topped analysts’ sales expectations in the third quarter.
Sage Therapeutics — Sage’s stock plunged nearly 60% after the company announced its oral depression therapy failed in a late-stage trial.
Five Below report
Stocks making the biggest moves midday: Etsy, ViacomCBS, Biogen, Sage Therapeutics & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, biogen, results, therapeutics, earnings, moves, data, biggest, trial, viacomcbs, sage, etsy, stock, shares, midday, stocks, company, drug, reported, making, million


Stocks making the biggest moves midday: Etsy, ViacomCBS, Biogen, Sage Therapeutics & more

An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn.

Check out the companies making headlines in midday trading:

Etsy — Shares of e-commerce company Etsy fell 1.4% after Morgan Stanley downgraded the e-commerce website company to underweight from ‘equal weight. The bank said it sees slowing gross merchandise sales that will result in negative earnings revisions.

ViacomCBS — ViacomCBS shares rallied more than 3% after it announced on Wednesday evening the completion of the merger between CBS and Viacom. The new company is expected to focus on quality content as rivals like Disney, Apple and Amazon ramp up their own streaming and original shows and films.

Biogen – The biotechnology company’s stock rose 3.3% after Biogen released new data about its late-stage Alzheimer’s drug called aducanumab. While the data did not offer any significant differences from data Biogen released in October, analysts believe the lack of negatives in the most recent report means the company will soon bring the drug’s data to the Food and Drug Administration.

Signet Jewelers — Shares of the jewelry company popped more than 9% in midday trading after the company reported a smaller-than-expected loss and topped analysts’ sales expectations in the third quarter. Despite a larger net loss than the year-ago period, the owner of Kay, Zales and Jared issued better fiscal 2020 guidance thanks to the success of its transformation plan, according to CEO Virginia Drosos.

Acadia Pharmaceuticals — Shares of the pharmaceutical company jumped 14.8% on positive trial results for its pimavanserin drug, which aims to treat psychosis on patients with Alzheimer’s disease. Acadia also said serious adverse effects were low during the trials.

Sage Therapeutics — Sage’s stock plunged nearly 60% after the company announced its oral depression therapy failed in a late-stage trial. After 15 days, the treatment did not produce significant improvements across 17 parameters, including anxiety.

Restoration Hardware – The furniture company’s stock surged more than 10% after reporting better-than-expected third quarter earnings. RH earned $2.79 per share on $677 million. Wall Street expected $2.23 per share on revenue of $676 million, according to Refinitiv. The company also raised its full year earnings guidance.

Five Below – Shares of the discount retailer popped 5% on strong third quarter earnings. Five Below reported earnings of 18 cents per share, topping estimates by 1 cents, according to Refinitiv. Revenue came in at $377 million, higher than the $374 million forecast by analysts.

Glencore – Shares of commodities trading company Glencore fell more than 8% after the company disclosed that the United Kingdom’s Serious Fraud Office is investigating the company for bribery. Glencore is also under investigation by the Department of Justice for the “Operation Car Wash” scandal in Brazil.

The Michaels Companies – The home goods store chain’s stock fell 11% after Michaels reported third-quarter earnings and revenue that were both below Wall Street’s expectations, according to a FactSet survey of analysts. Michaels lowered its fiscal year forecast, while the company also reported worse than anticipated same store sales for the most recent quarter.

Aurinia Pharmaceuticals — Shares of biotech Aurinia Pharmaceuticals surged a whopping 92% after the biotech company announced positive results from a trial for its lupus-related drug. The company said its phase three trial for drug voclosporin posted positive efficacy and safety results in the treatment of lupus nephritis. Some analysts expect the stock to quadruple on the better-than-expected trial results.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, biogen, results, therapeutics, earnings, moves, data, biggest, trial, viacomcbs, sage, etsy, stock, shares, midday, stocks, company, drug, reported, making, million


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A top Tesla analyst raised his ‘bull case’ for the stock to $500, or 50% higher from here

Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019. Morgan Stanley increased its “bull case” for Tesla to $500 a share on Thursday, in the firm’s calculation of a best case scenario for the company’s value if Cybertruck is successful and the new factory in China exceeds expectations. Tesla’s stock rose 0.7% in after hours trading from its close of $330.37 a share. Morgan Stanley’s new bull case represents a 50% increase from Tesla’s current stock price. B


Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019.
Morgan Stanley increased its “bull case” for Tesla to $500 a share on Thursday, in the firm’s calculation of a best case scenario for the company’s value if Cybertruck is successful and the new factory in China exceeds expectations.
Tesla’s stock rose 0.7% in after hours trading from its close of $330.37 a share.
Morgan Stanley’s new bull case represents a 50% increase from Tesla’s current stock price.
B
A top Tesla analyst raised his ‘bull case’ for the stock to $500, or 50% higher from here Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, case, raised, bull, higher, 500, china, share, tesla, analyst, price, teslas, jonas, stanleys, stock, morgan


A top Tesla analyst raised his 'bull case' for the stock to $500, or 50% higher from here

Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019.

Morgan Stanley increased its “bull case” for Tesla to $500 a share on Thursday, in the firm’s calculation of a best case scenario for the company’s value if Cybertruck is successful and the new factory in China exceeds expectations.

“In an optimistic scenario,” Morgan Stanley analyst Adam Jonas said he sees Tesla selling 100,000 Cybertrucks by the end of 2024, at an average price of $50,000. Additionally, Jonas believes Tesla’s Gigafactory in China could perform better than anticipated and reach a production rate of 450,000 units per year by 2024/2025.

Tesla’s stock rose 0.7% in after hours trading from its close of $330.37 a share. Morgan Stanley’s new bull case represents a 50% increase from Tesla’s current stock price. Jonas is widely followed on Wall Street as he was one of the earliest bullish analysts on Tesla, as well as the market for electric vehicles.

But Morgan Stanley’s “base case” price target of $250 a share remains unchanged, as well as its equalweight rating on Tesla.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, case, raised, bull, higher, 500, china, share, tesla, analyst, price, teslas, jonas, stanleys, stock, morgan


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UBS recommends these dividend growers to combat a slowing economy, tougher market

A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange. U.S. stock markets are near record high levels and UBS strategists are predicting a continued slowdown in the economy, which the firm expects will pressure the S&P 500 until the middle of next year. So the firm gave clients a list of dividend stocks it believe will outperform in this environment. “To help investors navigate this uncertain environment, and to sort through the many ways of looking


A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange.
U.S. stock markets are near record high levels and UBS strategists are predicting a continued slowdown in the economy, which the firm expects will pressure the S&P 500 until the middle of next year.
So the firm gave clients a list of dividend stocks it believe will outperform in this environment.
“To help investors navigate this uncertain environment, and to sort through the many ways of looking
UBS recommends these dividend growers to combat a slowing economy, tougher market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: michael sheetz
Keywords: news, cnbc, companies, firm, wears, stock, market, combat, york, growers, slowing, dividend, economy, working, tougher, recommends, stocks, ubs, yield, weve


UBS recommends these dividend growers to combat a slowing economy, tougher market

A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange.

U.S. stock markets are near record high levels and UBS strategists are predicting a continued slowdown in the economy, which the firm expects will pressure the S&P 500 until the middle of next year. So the firm gave clients a list of dividend stocks it believe will outperform in this environment.

“To help investors navigate this uncertain environment, and to sort through the many ways of looking at dividends, we’ve run a series of screens on U.S. stocks covered by UBS analysts,” the firm said.

UBS looked at stocks it has a buy rating on, with a current dividend yield greater than 1% and a forecast for strong dividend growth over the next three years.


Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: michael sheetz
Keywords: news, cnbc, companies, firm, wears, stock, market, combat, york, growers, slowing, dividend, economy, working, tougher, recommends, stocks, ubs, yield, weve


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UBS recommends these dividend growers to combat a slowing economy, tougher market

A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange. U.S. stock markets are near record high levels and UBS strategists are predicting a continued slowdown in the economy, which the firm expects will pressure the S&P 500 until the middle of next year. So the firm gave clients a list of dividend stocks it believe will outperform in this environment. “To help investors navigate this uncertain environment, and to sort through the many ways of looking


A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange.
U.S. stock markets are near record high levels and UBS strategists are predicting a continued slowdown in the economy, which the firm expects will pressure the S&P 500 until the middle of next year.
So the firm gave clients a list of dividend stocks it believe will outperform in this environment.
“To help investors navigate this uncertain environment, and to sort through the many ways of looking
UBS recommends these dividend growers to combat a slowing economy, tougher market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: michael sheetz
Keywords: news, cnbc, companies, firm, wears, stock, market, combat, york, growers, slowing, dividend, economy, working, tougher, recommends, stocks, ubs, yield, weve


UBS recommends these dividend growers to combat a slowing economy, tougher market

A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange.

U.S. stock markets are near record high levels and UBS strategists are predicting a continued slowdown in the economy, which the firm expects will pressure the S&P 500 until the middle of next year. So the firm gave clients a list of dividend stocks it believe will outperform in this environment.

“To help investors navigate this uncertain environment, and to sort through the many ways of looking at dividends, we’ve run a series of screens on U.S. stocks covered by UBS analysts,” the firm said.

UBS looked at stocks it has a buy rating on, with a current dividend yield greater than 1% and a forecast for strong dividend growth over the next three years.


Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: michael sheetz
Keywords: news, cnbc, companies, firm, wears, stock, market, combat, york, growers, slowing, dividend, economy, working, tougher, recommends, stocks, ubs, yield, weve


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Tesla is ‘a must-own stock,’ Piper Jaffray says, and will climb more than 25% next year

Piper Jaffray increased its price target on Tesla’s stock to $423 a share, saying that “for all its controversy and volatility, we think TSLA is a must-own stock” in the auto sector. Tesla shares were largely unchanged Tuesday. Piper’s new 12-month price target, up from $372 a share, represents a 26% climb from Tesla’s previous close of $334.87 a share. While Tesla’s stock is nearly flat for 2019, that’s after the stock rallied nearly 50% in the past three months. But Piper says it’s difficult “


Piper Jaffray increased its price target on Tesla’s stock to $423 a share, saying that “for all its controversy and volatility, we think TSLA is a must-own stock” in the auto sector.
Tesla shares were largely unchanged Tuesday.
Piper’s new 12-month price target, up from $372 a share, represents a 26% climb from Tesla’s previous close of $334.87 a share.
While Tesla’s stock is nearly flat for 2019, that’s after the stock rallied nearly 50% in the past three months.
But Piper says it’s difficult “
Tesla is ‘a must-own stock,’ Piper Jaffray says, and will climb more than 25% next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: michael sheetz
Keywords: news, cnbc, companies, jaffray, tsla, tesla, nearly, teslas, stock, price, piper, mustown, climb, target, unchanged, share, volatility


Tesla is 'a must-own stock,' Piper Jaffray says, and will climb more than 25% next year

Piper Jaffray increased its price target on Tesla’s stock to $423 a share, saying that “for all its controversy and volatility, we think TSLA is a must-own stock” in the auto sector.

Tesla shares were largely unchanged Tuesday. Piper’s new 12-month price target, up from $372 a share, represents a 26% climb from Tesla’s previous close of $334.87 a share. While Tesla’s stock is nearly flat for 2019, that’s after the stock rallied nearly 50% in the past three months.

But Piper says it’s difficult “to find a more impactful” disruptive company in any industry than Tesla.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: michael sheetz
Keywords: news, cnbc, companies, jaffray, tsla, tesla, nearly, teslas, stock, price, piper, mustown, climb, target, unchanged, share, volatility


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