Investing News

Tiffany shares will rise as the company benefits from strong demand in China, according to Credit Suisse. The firm reiterated its outperform rating for the retailer’s shares, predicting the company will report sales above expectations for its second quarter. China sales represent approximately 15 percent of Tiffany’s revenue, analyst Michael Binetti said Friday in a
0 Comments
Bedding manufacturer Tempur Sealy’s stock should rally 30 percent over the next year given reduced competition and the possibility of a new partnership with a major retailer, according to KeyBanc Capital Markets. The closure of roughly 1,000 Mattress Firm locations should add 48 cents to Tempur Sealy’s earnings per share, according to analyst Bradley Thomas,
0 Comments
Rosenblatt Securities is more optimistic on AMD’s future market share gains after meetings with the company’s executives. The firm raised its price target for AMD shares to $30 from $27, citing the chipmaker’s process manufacturing advantage versus Intel and Nvidia. The new forecast represents 44 percent upside to Wednesday’s close and is the highest target
0 Comments
Sentiment in Silicon Valley is that Facebook co-founder and CEO Mark Zuckerberg “doesn’t play by the rules,” according to CNBC’s Jim Cramer. The “Mad Money” host, whose charitable trust owns shares of Facebook, said he often visits California’s major tech hub and asks people “who do you not like?” Cramer said the answer is always
0 Comments
Jefferies is getting more optimistic on rising wages, seeing a shift in several global labor markets as helping companies which sell to consumers. “An embryonic wage cycle is appearing in Japan, US, Netherlands and Germany as tight labor markets force companies to raise salaries,” Jefferies analyst Sean Darby wrote in a note published Thursday. Whether
0 Comments
CNBC’s Jim Cramer said on Wednesday the stock market cares more about stronger economic growth than President Donald Trump‘s legal troubles. The U.S. is seeing the “strongest consumer ever,” Cramer said, praising Target CEO Brian Cornell for pointing that out. In a CNBC interview Wednesday after Target reported earnings, Cornell credited the strongest consumer environment
0 Comments
Jefferies is getting more optimistic on Salesforce shares due to its strong deal pipeline. The firm reiterated its buy rating for Salesforce stock, predicting the cloud computing software company will report sales growth above expectations this fiscal year. Salesforce will report its fiscal second-quarter results on Aug. 29. “We believe that CRM will meet or
0 Comments
Facebook and Instagram users are not worried by recent “chatter” like the Cambridge Analytica scandal or concerns about fake news and privacy issues, according to PiperJaffray. Despite a tough year for the social media giant, a survey of about 1,300 U.S. Facebook and Instagram users found that two-thirds of respondents were logged on at least
0 Comments
The so-called “smart money” hedge funds are dramatically underperforming this year. Goldman Sachs explained the weakness is the result of big positions in Facebook shares and disastrous bets against stocks. The firm said the average stock hedge fund is down 1 percent this year through Aug. 17 versus the S&P 500’s 8 percent gain. “Volatility
0 Comments