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Dow Jones Industrial Average Breaks 23,000 Amid Wave of Bellwether Earnings

Dow Jones Industrial Average Breaks 23,000 Amid Wave of Bellwether Earnings

October 23, 2017 at 12:29 pm 0 comments

The Dow Jones Industrial Average broke briefly above 23,000 for the first time before scaling back as investors digested a wave of earnings reports from bellwether names. The Nasdaq Composite and the Standard & Poor’s 500 were most flat. The biggest mover among the blue chips was health plan administrator UnitedHealth Group (UNH) which reported third quarter adjusted earnings ofRead More

Alphabet’s Google Launches Advanced Protection Program for Users Most at Risk of Hackers

Alphabet’s Google Launches Advanced Protection Program for Users Most at Risk of Hackers

October 23, 2017 at 12:28 pm 0 comments

Alphabet’s (GOOG) Google is introducing an “advanced protection program” to provide tougher e-mail security for some users particularly at risk of hacking attacks, such as political campaign staffers preparing for elections, journalists, needing to protect their sources or people in abusive relationships seeking help. “Sometimes even the most careful and security-minded users are successfully attacked through phishing scams, especially ifRead More

BMO Capital Lifts Netflix PT to $205 vs $195

BMO Capital Lifts Netflix PT to $205 vs $195

October 23, 2017 at 12:24 pm 0 comments

Netflix (NFLX) came off a new record high and was down nearly 2% recently as BMO Capital raised the price target on the stock to $205 from $195 while reiterating a market perform rating. “We expect lessons learned from the roll-out last year will help limit churn in the US due to the new price increase; just as importantly, itRead More

BMO Ups Wells Fargo Price Target to $50 from $49

BMO Ups Wells Fargo Price Target to $50 from $49

October 19, 2017 at 1:59 pm 0 comments

BMO has raised its price target for Wells Fargo & Company (WFC) to $50 from $49 while keeping its market perform rating, as investors remain bullish on rising short-term rates to drive higher net interest margin. “We rate WFC shares market perform because they have been range-bound while other U.S. large-cap banks overshot their respective historical average multiples,” BMO analystRead More

CapStar Financial Reports Q3 EPS, Revenue Above Street

October 19, 2017 at 1:59 pm 0 comments

CapStar Financial Holdings (CSTR) rose 7.5% in Monday’s afternoon trade after the company reported financial results for Q3, with both top and bottom lines exceeding analysts’ expectations. The bank holding company for CapStar Bank posted Q3 earnings of $0.35 per diluted share, compared with the prior-year period’s $0.20 per diluted share. Analysts polled by Capital IQ were expecting EPS ofRead More

JD.com Said to be Better Deal Versus Alibaba Stock and Offers 30% Upside in 2018

JD.com Said to be Better Deal Versus Alibaba Stock and Offers 30% Upside in 2018

October 19, 2017 at 1:58 pm 0 comments

JD.com (JD) could surge 30% or more in 2018 and is a better deal for investors relative to the Alibaba Group (BABA), according to a report from Barron’s. The report published on Sunday said a recent decline in JD.com’s gross profit margin was not worrisome as it was because of heavy promotional activity as well as the company’s amended wayRead More

US Dollar Firms up into NY Open

US Dollar Firms up into NY Open

October 17, 2017 at 1:46 pm 0 comments

The U.S. dollar firmed up into the New York open, with EUR/USD falling under 1.1810 on mixed reports that the European Central Bank may cut quantitative easing purchases levels, while extending the duration of the program. USD/JPY recovered the 112 handle after finding support into its 200-day moving average of 111.82. The U.S. calendar is headlined by September consumer priceRead More