Investing News

Facebook’s market leading position in the advertising market is unmatched, according to Jefferies. The firm raised its price target to $240 from $215 for Facebook shares, predicting its second-quarter sales results will be above expectations. Jefferies also reiterated its buy rating for the company. “We see continued strength from advertisers seeking the best ROI online
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An employee displays cannabis buds in a greenhouse in Ontario, Canada. Photographer: Cole Burston/Bloomberg Despite the historic news that Canada has finalized its legalization of cannabis for adults, with an implementation date of October 17th, the stocks of the Canadian producers have been under pressure lately, with the Canadian Cannabis LP Index closing on Friday
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Networking company stocks fell off Friday following a report by The Information that Amazon Web Services is considering selling its own network switching devices. Cisco dropped 4 percent by the end of trading, representing a loss in stock value of roughly $8.5 billion. Juniper gave up more than 2 percent. Arista Networks dropped more than
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Bryan R. Smith/AFP/Getty Images Round two of bank earnings kicks off next week. Bank of America reports before market open Monday, Goldman Sachs before the open Tuesday and Morgan Stanley before the open Wednesday. This morning brought results from JP Morgan, Wells Fargo and Citigroup.  JP Morgan topped earnings and revenue estimates, and its trading
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UBS is getting less bullish over Netflix shares after the stock’s stunning rally this year. The firm lowered its rating to neutral from buy for Netflix shares, citing the internet company’s high valuation. “We believe Netflix’s core competencies in both content & tech should drive a virtuous circle of greater subs and increased viewing time,
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Share to facebook Share to twitter Share to linkedin Trans-Alaska Pipeline (Alyeska pipleline) running through landscape with Mountain range in the distance in Alaska.. (Photo by: Edwin Remsburg/VW Pics via Getty Images) CressCap grades Energy Transfer Partners (ETP)  an A+ based on its high yield, vibrant forward growth and impressive payout ratio. Based on our
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PepsiCo‘s quarterly numbers Tuesday morning may be a signal for another strong earnings seasons, according to CNBC’s Jim Cramer. “They reported exactly what the bulls wanted,” said Cramer, whose charitable trust owns shares of the New York-based food and beverage company. Pepsi’s stock rose Tuesday after the company reported fiscal second-quarter earnings that beat Wall
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Walgreens isn’t the only one feeling the pressure of Amazon’s PillPack acquisition, as one Wall Street analyst copped to underestimating just how aggressively the e-commerce giant would disrupt drugstores. “We are downgrading shares of Walgreen … ending one of the more painful experiences I have endured in my 15 [plus] years as a sell-side analyst,”
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