S&P and Dow hit records as growth bets boost Wall Street
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- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
Can Seagate (STX) Keep It's Big, Fat, Juicy Dividend After The Major Restructuring?
July 12, 2016 12:32 PM EDTYielding 10.5% based on last night's close, Seagate's (NYSE: STX) dividend yield signaled a major red flag as being too good to be true with fears of being cut. However, with last night's massive restructuring and solid revenue guidance fears of a dividend cut are... More
BMO Capital Remains Sidelined on Alcoa (AA) Following 2Q EPS Beat
July 12, 2016 10:47 AM EDTBMO Capital maintained a Market Perform rating and $9.00 price target on Alcoa (NYSE: AA) following the company's 2Q earnings report. AA reported adjusted EPS of $0.15, ahead of the consensus estimate of $0.09.
Analyst David Gagliano commented, "Versus our estimates, the main driver for the better result was in the upstream primary aluminum segment, in turn from... More
Brean Capital Remains Bullish on Seagate Technology (STX) Following June Pre-Announcement - PT to $35
July 12, 2016 9:33 AM EDTBrean Capital reiterated a Buy rating on Seagate Technology (NASDAQ: STX), and raised the price target to $35.00 (from $30.00), following the company's June quarter pre-announcement.
Analyst Ananda Baruah commented, "While we continue to believe that STX can generate CY17 EPS of $3.00 - $3.50 (Street at... More
Jefferies Remains Bullish on Seagate Technology (STX) Following 4Q Pre-Announcement
July 12, 2016 8:30 AM EDTJefferies reiterated a Buy rating and $26.00 price target on Seagate Technology (NASDAQ: STX) following the company's 4Q pre-announcement. STX pre-announced revenue of $2.65B, better than its $2.3B guidance, and the Street's $2.34B estimate. The improvement was driven by improved demand for HDD products, particularly... More
