-
Dow Breaks Four-Day Losing Streak As Calm Restores Last Week's Jittery Market
Monday, August 4, 2014 - 4:57pm | 2610Read More...U.S. stocks rallied to start the week on a positive note. Investors are looking for bullish signs that can erase last weeks declines, as the S&P 500 had its largest weekly drop since 2012 and the Volatility Index surged more than 30 percent. Portugal's Central Bank plans to spend 4.9...
-
Evercore Partners Downgrades SunTrust Banks To Equal-Weight
Tuesday, July 22, 2014 - 7:15am | 60Read More...Analysts at Evercore Partners downgraded SunTrust Banks (NYSE: STI) from Overweight to Equal-Weight. The target price for SunTrust Banks has been lowered from $42 to $40. SunTrust Banks shares have gained 11.97% over the past 52 weeks, while the S&P 500 index has jumped 16.40% in the same...
-
Evercore Partners Downgrades Spirit Airlines To Equal-Weight
Monday, July 21, 2014 - 8:21am | 46Read More...Evercore Partners downgraded Spirit Airlines (NASDAQ: SAVE) from Overweight to Equal-weight. Spirit Airlines shares have surged 93.83 % over the past 52 weeks, while the S&P 500 index has gained 16.67 % in the same period. Spirit Airlines' shares closed at $67.51 on Friday.
-
Analysts Disagree On Microsoft Earnings Benefit From Job Cuts
Thursday, July 17, 2014 - 4:31pm | 178Read More...The size of Microsoft's (NASDAQ: MSFT) near-term earnings benefit from its pending work force reduction of 14 percent became a matter for disagreement among analysts on Thursday. Microsoft shares gained nearly four percent Thursday before dropping back, closing up one percent at $44.53. Stifel...
-
Evercore Partners Initiates Time At Overweight
Thursday, July 10, 2014 - 7:44am | 37Read More...Evercore Partners initiated coverage on shares of Time (NYSE: TIME) with an “overweight” rating. The target price for Time is set to $28. Time's shares gained 1.30% to close at $24.90 yesterday.
-
UPDATE: Evercore Upgrades BlackBerry Amid 'Meaningful Progress'
Monday, June 23, 2014 - 10:07am | 99Read More...Shares of BlackBerry (NASDAQ: BBRY) are trading up ~2 percent early into Monday's market session following an upgrade from Underweight to Equal-weight by Evercore analyst Mark McKechnie. In addition to the upgrade, McKechnie raised BlackBerry's price target from $6 to $10. The upgrade...
-
Splunk Target Cut At Two Firms; Trades Up Heading Into Earnings
Thursday, May 29, 2014 - 4:45pm | 4820Read More...Splunk (NASDAQ: SPLK) provides software solutions that provide real-time operational intelligence in the United States and internationally. The firm had its price target cut at Evercore and Northland Securities on Thursday, from $95 to $57 and $95 to $66, respectively. Both houses have noted...
-
Google: 'We Don't Charge For Peering Or Fast Lanes'
Friday, May 23, 2014 - 11:37am | 667Read More...Google (NASDAQ: GOOG) just made itself both a leader and a “good guy” in the ongoing debate over net neutrality, including fast lanes and the practice of charging for peering. In a blog post Wednesday the company said it did not charge a fee for either one on its Google Fiber networks. In the...
-
US Stock Futures Edge Higher Ahead Of Earnings, Economic Data
Thursday, May 22, 2014 - 7:20am | 465Read More...Pre-open movers US stock futures traded slightly higher in early pre-market trade after strong Chinese manufacturing data. Data on weekly jobless claims and the Chicago Fed National Activity Index will be released at 8:30 a.m. ET. The Markit PMI manufacturing index (flash) for May will be released...
-
Report: Boeing Considers Purchase of Mercury Systems
Friday, April 4, 2014 - 5:32pm | 277Read More...Reuters was first to report on Friday that Boeing (NYSE: BA) is considering an acquisition of Mercury Systems (NASDAQ: MRCY), a supplier of digital signal and image processing systems. Reuters, citing sources familiar with the matter, noted Boeing could save costs and increase its presence in...
-
Rackspace's In-Line Q4 And Lanham Napier Departure Frustrates Investors
Monday, February 10, 2014 - 6:02pm | 684Read More...Rackspace (NYSE: RAX) is once again feeling the brunt of frustrated investors, plunging more than 14 percent Tuesday after news of its CEO departure overshadowed the company's inline results. By all accounts, Rackspace has shown improvement over the third quarter. The total server count increased...
-
Twitter Ends 2013 With A Surprise Profit
Wednesday, February 5, 2014 - 5:54pm | 679Read More...Is Twitter (NYSE: TWTR) the real deal? Investors got their first hint of an answer this afternoon when the social media firm reported its fourth quarter results. The company's monthly active users (MAUs) now stand at 241 million -- a 30 percent increase year-over-year. When Twitter had its...
-
US Stock Futures Signal Higher Start On Wall Street
Tuesday, January 21, 2014 - 7:56am | 369Read More...Pre-open movers US stock futures rose in early pre-market trade. Futures for the Dow Jones Industrial Average surged 63 points to 16,460.00, while the Standard & Poor's 500 index futures gained 5.40 points to 1,839.70. Futures for the Nasdaq 100 index rose 18.75 points to 3,603.50. A Peek...
-
Google Might Team with Audi to Supersede Apple's In-Car Initiative
Monday, December 30, 2013 - 5:46pm | 621Read More...Apple (NASDAQ: AAPL) is one of the largest companies developing in-car technology, but Google (NASDAQ: GOOG) might be hatching a plan to overtake its competitor. According to The Wall Street Journal, Google and Audi (OTC: AUDVF) will announce a new partnership next week at the Consumer...
-
Analysts Comment on BlackBerry's Weak 3Q14
Friday, December 20, 2013 - 5:18pm | 360Read More...Analysts Comment on BlackBerry's (NASDAQ: BBRY) weak third quarter 2014 results. BlackBerry reported third quarter adjusted EPS of $0.67 vs $0.43 estimate. EPS were down 205% from the same quarter last year. Revenue was reported at $1.19B versus the estimate of $1.58. The company also noted that...
