Investing News

Facebook shares are likely to fall significantly in the short term due to the departure of two key executives, according to J.P. Morgan. On Monday, the New York Times first reported the co-founders of Instagram, Kevin Systrom and Mike Krieger, both resigned from Facebook and plan to leave the company. Facebook later confirmed the departures.
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Shares of Advanced Micro Devices have gained more than one hundred percent in the past three months and one analyst believes there may be more room to go. On Monday RBC’s Mitch Steves initiated the stock with an outperform rating and a 12-month price target of $40, representing 29% upside from Friday’s close. RBC’s base
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A new partnership between Apple and Salesforce gives iPhone users broad capabilities to manage their businesses, according to CNBC’s Jim Cramer. “Everyone has an Apple phone but what they lack is a tie in with business,” said Cramer on “Squawk on the Street” on Monday, shortly after the deal was announced. “It’s so big that
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GMO Asset Allocation strategist Catherine LeGraw shared her thoughts on where investors can find the best deals globally in an exclusive interview for CNBC PRO with Mike Santoli. LeGraw explained that while U.S. stocks may be of higher quality on average, investors should look overseas for more compelling opportunities. She recommended stocks in Europe, Asia
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Wall Street wasn’t pleased with Red Hat’s second-quarter revenue miss on Wednesday, but the software company’s outlook is much brighter than this quarter made it seem, Red Hat President and CEO Jim Whitehurst told CNBC on Friday. An open-source software provider that helps enterprises get onto the cloud, Red Hat gets much of its business
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