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History Suggests Record 50-Day Stock Market Rally May Be Just The Beginning
2020 Jun 04, 6:10pm | 448Read More...The S&P 500 has gained a record 39.6% since it hit its 2020 low back on March 23. Not only has that rally erased much of the year’s COVID-19-related losses, it's also the best 50-day stretch in the history of the market. After such a strong rally, traders are understandably getting...
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Canopy Growth Is Growing More Pot Than It Can Sell, MKM Says
2020 Jun 04, 2:42pm | 323Read More...While Canopy Growth Corp (NYSE: CGC) has announced strategic changes that could help lower its cost burden, the company is “sized for growth” that may not materialize in the medium-term, according to MKM Partners. The Canopy Growth Analyst Bill Kirk maintained a Neutral rating on Canopy...
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Cloudera Analysts Say Private, Public Cloud Traction Key After Mixed Q1
2020 Jun 04, 2:27pm | 848Read More...Cloud-based enterprise data company Cloudera Inc (NYSE: CLDR) reported better-than-expected first-quarter results but issued below-par guidance Wednesday, sending its shares lower. The Cloudera Analysts BofA Securities analyst Kash Rangan reiterated an Underperform rating on Cloudera shares...
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4 Reasons Why This Monster Beverage Analyst Raised Their Price Target
2020 Jun 04, 1:46pm | 412Read More...Energy beverage maker Monster Beverage Corp (NASDAQ: MNST) hosted a virtual annual general meeting this week that signaled the company is "going full beast mode," according to BofA Securities. The Monster Beverage Analyst Peter Galbo maintained a Buy rating on Monster...
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Morgan Stanley Upgrades American Eagle Outfitters On Margin Upside, Liquidity
2020 Jun 04, 12:05pm | 277Read More...While American Eagle Outfitters Inc’s (NYSE: AEO) operating expense discipline and store rationalization could lend upside to EBIT margins in the medium term, the company’s liquidity position seems adequate for the risk of a second wave of virus outbreak, according to Morgan Stanley....
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Citron On Genius Brands: 'The Lowest Form Of Retail Investor'
2020 Jun 04, 11:01am | 432Read More...Genius Brands International Inc. (NASDAQ: GNUS) surged more than 2,850% since May on news of operational improvements and investments. The children’s entertainment company announced early last month it would merge its “Kid Genius Cartoon Channel” and “Baby Genius...
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Flight Industry Conditions Just Right For Amazon Air Takeoff, Analyst Says
2020 Jun 04, 9:58am | 432Read More...Amazon.com, Inc. (NASDAQ: AMZN) announced Wednesday it launched gateway operations at Austin and San Juan airports, will open regional air hubs in Lakeland this summer and San Bernardino next year, and will expand its cargo aircraft fleet from 68 to 80 by 2021. Amazon will lease 12 Boeing Inc...
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Zoom Analysts On Work-From-Home Boost, Churn Concerns After 'Historic' Q1 Print
2020 Jun 03, 3:34pm | 1020Read More...Zoom Video Communications Inc (NASDAQ: ZM) reported a big first-quarter beat Tuesday, but the stock reaction has been muted as investors express uneasiness over a sky-high valuation. The Zoom Analysts KeyBanc Capital Markets analyst Alex Kurtz maintained a Sector Weight rating on...
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UBS Upgrades Vale On Oil Prices, Cost Dilution
2020 Jun 03, 1:26pm | 337Read More...Weakness in iron ore prices is not a major concern for Vale SA (NYSE: VALE), while rising oil prices could act as the main catalyst for the stock, according to UBS. The Vale Analyst Andreas Bokkenheuser upgraded Vale from Neutral to Buy, while reducing the price target from $13 to $12. The Vale...
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What Crowdstrike Analysts Are Saying After Q1 Beat: 'A Unique Investment Vehicle'
2020 Jun 03, 12:40pm | 756Read More...Cybersecurity company Crowdstrike Holdings Inc (NASDAQ: CRWD) reported first-quarter results Tuesday highlighted by an 89% year-over-year subscription growth, $686 million in annual recurring revenue and improving free cash flow from negative $16.1 million last year to positive $87 million. Here...
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Here's Why Nio Shares Are Rallying To A Multi-Month High
2020 Jun 03, 12:14pm | 614Read More...Nio Inc – ADR (NYSE: NIO) shares have been heading higher since Wednesday's open and are perched at their highest level since late January. Goldman Sachs Turns Bullish On Nio Goldman Sachs analyst Fei Fang upgraded Nio from Neutral to Buy with a $6.40 price target on Wednesday....
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Morgan Stanley Deboards From Cruise Lines, Bearish On Carnival, Norwegian And Royal Caribbean
2020 Jun 03, 11:49am | 523Read More...The shares of a number of cruise liners have been hit due to the coronavirus pandemic that's continuing to harm the travel industry. Morgan Stanley downgraded cruise liners Wednesday and said it expects cruises to resume in the fourth quarter. The Cruise Lines Analyst Jamie Rollo...
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Gilead Analyst: Coronavirus Drug, Arcus Collaboration Make Biopharma A Buy
2020 Jun 03, 11:20am | 354Read More...The consensus estimates for Gilead Sciences, Inc. (NASDAQ: GILD) appear overly conservative, especially given the prospects of remdesivir and products from the company’s recent collaboration with Arcus Biosciences Inc (NYSE: RCUS), according to Leerink. The Gilead Sciences Analyst Geoffrey...
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Morgan Stanley Bullish On Rising App Store Revenue, Raises Apple Price Target
2020 Jun 03, 11:00am | 402Read More...Data from Sensor Tower points to Apple Inc. (NASDAQ: AAPL) growing its App Store net revenue by 39% year-over-year in May, and this trend bodes well for the stock, according to Morgan Stanley. The Apple Analyst Katy Huberty maintained an Overweight rating on Apple and lifted the price...
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Tesla's China, Europe Performance Suggests Quarter Will Be One Of Automaker's Weakest, Says Gordon Johnson
2020 Jun 03, 10:41am | 622Read More...Tesla Inc (NASDAQ: TSLA) shares appear to be on track to hit the psychological level of $1,000 — but GLJ Research analyst Gordon Johnson sees trouble ahead. Even as the sell-side drums up Tesla's ability to replicate its success in the U.S. EV market in...
