Tobacco and tech drag on Wall Street; yields boost banks
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- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Oil prices jump 4% as fresh US-Iran fighting stokes supply fears
- Two Saudi tankers struck in Strait of Hormuz Monday
- Dell again lifts annual forecasts as AI demand powers record results
- Fed’s Barr backs rate hike if inflation fails to cool, September odds hit 66%
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Gap taps Coach architect Reed Krakoff for $29.95-$498 handbag line
- Comstock Resources signs $1.65B deal with SOCAR, $450M JV
Morgan Stanley Remains Bullish on Philip Morris (PM)
April 20, 2018 9:11 AM EDTMorgan Stanley reiterated an Overweight rating and $123.00 price target on Philip Morris (NYSE: PM) following the company's 1Q earnings report. PMs stock suffered its largest-ever single day decline following the results which meaningfully beat on EPS ($1.00, vs. consensus $0.88) but faced both modest fundamental... More
Procter & Gamble (PG) PT Lowered to $75 at JPMorgan
April 20, 2018 8:23 AM EDTJPMorgan lowered its price target on Procter & Gamble (NYSE: PG) to $75.00 (from $80.00) while maintaining a Neutral rating following the company's 3Q earnings report. PGs reported organic sales growth of +1% was a 100bps sequential deceleration on reported figures from 2Q. Management now expects... More
Soft iPhone Volume Already Baked Into Apple's (AAPL) Stock - RBC
April 19, 2018 12:42 PM EDTRBC Capital analyst Amit Daryanani weighed in on Apple (NASDAQ: AAPL) amid weakness following a guidance cut from supplier TSMC.
"We think soft iPhone volume expectations are now largely baked in AAPL stock price," the analyst said.
He added, The focus on... More
Philip Morris (PM) Adds to Early Weakness, Shares Now Down 16%
April 19, 2018 10:51 AM EDTPhilip Morris (NYSE: PM) adds to earlier weakness following results. Shares are now down 16.1%.
... MorePhilip Morris (PM) Pressured on Market Open, Down 12%
April 19, 2018 9:33 AM EDTPhilip Morris (NYSE: PM) Pressured on Market Open, Down 12%
... MoreAmerican Express (AXP) PT Raised to $86 at RBC Capital
April 19, 2018 8:18 AM EDTRBC Capital raised its price target on American Express (NYSE: AXP) to $86.00 (from $81.00) while maintaining an Underperform rating following results.
... More