Wall Street ends up; defense, tech stocks a boost
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- S&P 500 hits record high as rate-hike worries ease
- Oil pares losses after reports Houthis attacked Saudi Aramco refinery
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
- After-Hours Movers: CSCO, COHR, HLIT, CBRS, STUB, ENS
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- After-Hours Movers: P, RIOT, BW, RKLB, HIMS, UPWK
- After-Hours Movers: TEAM, NET, TWLO, DOCS, FROG, DV, TTD, ABNB, DKNG, SG, RKT
- After-Hours Stock Movers: WDC, SNDK, FIG, APP, HUBS, SOUN, DASH, XYZ, Z, FLNC
Oppenheimer Reiterates Outperform Rating on Apple (AAPL); 'There is Pent-Up Demand for iPhone 8'
May 23, 2017 10:38 AM EDTOppenheimer reiterates Outperform rating on Apple (NASDAQ: AAPL) following meetings with smartphone supply chain companies in China and Taiwan.
Analyst Andrew Uerkwitz notes the company faces decreasing market share in China due to a lack of hardware/software differentiation among smartphone offerings, suggesting... More
Raytheon (RTN) Secures $28M Contract from U.S. Navy from Variable Depth Sonar
May 23, 2017 9:07 AM EDTThe U.S. Navy has selected Raytheon Company (NYSE: RTN) to provide the new Variable Depth Sonar for the Littoral Combat Ship class. The $27.9 million contract followed a study and product assessment phase during which Raytheon proved the solution's features and capabilities met all of the Navy's design and performance requirements. A mission-critical anti-submarine... More
Amazon.com (AMZN) & DISH Network (DISH) 'Not Such An Odd Couple; Path to Spectrum as a Service' -Citi
May 23, 2017 6:16 AM EDTCiti Analyst Michael Rollins suggests strategic talks between Amazon.com (NASDAQ: AMZN) and DISH Network (NASDAQ: DISH) may not be so odd, after a deeper dive highlights a potential deal or partnership between the two companies. The strategic talks, as have been reported, would allow DISH to meet spectrum build-out requirements for 2020, while AMZN would gain access to an Internet of Things network to target with their service offerings.
According to the analyst, the collaboration would represent a converging of... More
