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Does Wall Street Still Love Alibaba?
Wednesday, October 28, 2015 - 11:04am | 1003Read More...Shares of Alibaba Group Holding Ltd (NYSE: BABA) have lost nearly 25 percent of its value year-to-date. The stock surged as high as $85.24 on Tuesday following its second-quarter print, but gave up most of its gains and closed the day $79.41. Analyst at Wedbush highlighted ongoing macro...
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eBay's Stock Is Up Big: How's Wall Street Reacting?
Thursday, October 22, 2015 - 12:08pm | 832Read More...Shares of eBay Inc (NASDAQ: EBAY) rose more than 13 percent following its third-quarter results. EBay earned $0.43 per share in its third quarter – $0.03 more than analysts expected. Revenue of $2.1 billion matched the $2.1 billion analysts were looking for. Wall Street experts were...
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Etsy Upgraded At Wedbush; Stock No Longer An Underperform
Tuesday, October 20, 2015 - 7:50am | 288Read More...Etsy Inc (NASDAQ: ETSY) shares have lost 50 percent since July 20, having plunged from above $20 to below $13 in August. Wedbush’s Gil Luria upgraded the rating on the company from Underperform to Neutral, while maintaining the price target at $9. Following the sell-off over the...
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Wall Street Reacts To VeriFone Earnings
Friday, September 4, 2015 - 10:18am | 375Read More...VeriFone Systems Inc (NYSE: PAY) opened sharply lower following Q3 earnings. Of four early notes from Wall Street analysts, three maintained Overweight and Outperform ratings including Barclays, Pacific Crest and Wedbush. Deutsche Bank is the contrarian in the group, saying that...
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Why H&R Block Is Spiking On Wednesday Morning
Wednesday, September 2, 2015 - 8:29am | 332Read More...Following its earnings report Tuesday night, H & R Block Inc (NYSE: HRB) was indicated more than 6 percent higher in pre-market trading. Morgan Stanley and Wedbush analysts reiterated their Overweight and Outperform ratings on the stock, while raising their respective price targets...
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Etsy On Path To Fall All The Way Down To $9
Wednesday, August 5, 2015 - 10:06am | 466Read More...Etsy Inc (NASDAQ: ETSY) again reported worse than expected earnings on Tuesday. The company reported an EPS loss of $0.07 on revenue of $61.4 million; analysts expected a loss of $0.04 on revenue of $59.54 million. Although revenue came above expectations, they were fueled by growing expense...
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Wedbush Predicts A Bright Future For Bitcoin
Friday, July 10, 2015 - 8:21am | 359Read More...In a report authored by Gil Luria and Aaron Turner, Wedbush Securities predicted a bright future for the Bitcoin Investment Trust as well as for the cryptocurrency itself. Though the firm acknowledged the volatility risks associated with bitcoin, it said it ultimately sees the currency continuing...
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Wedbush Slashes Etsy Target To $9, Says Amazon Will 'Out-Etsy' It
Sunday, June 28, 2015 - 1:20pm | 266Read More...In a report published Friday, Wedbush analyst Gil Luria reiterated an Underperform rating Etsy Inc (NASDAQ: ETSY), while lowering the price target from $13 to $9. The analyst believes that sellers are likely to shift their listings to Amazon.com, Inc. (NASDAQ: AMZN) due to the growing presence of...
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Wedbush's Luria: $10 Billion Bid For NCR 'May Be Too High'
Tuesday, June 16, 2015 - 3:24pm | 181Read More...Shares of NCR Corporation (NYSE: NCR) are soaring, up 11.2 percent on reports of a potential $10 billion dollar joint-bid from Blackstone Group LP (NYSE: BX) and The Carlyle Group LP (NASDAQ: CG), according to Reuters. NCR Corp manufactures ATM machines, as well as cash registers. In an...
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PayPal Spin Worth $35-40 Per Share, Wedbush Says
Thursday, June 11, 2015 - 7:46am | 244Read More...In a report published Thursday, Wedbush analyst Gil Luria said that the completion of the PayPal, Inc. spin off from eBay Inc (NASDAQ: EBAY) is expected within the next few weeks. The valuation at spin off is expected at $35-$40 per share. "CEO Schulman and CFO Dupuis presented their plans...
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Wedbush Sees 'More Opportunities Than Threats' For PayPal
Thursday, June 4, 2015 - 9:15am | 390Read More...In a new report, Wedbush analyst Gil Luria took an in-depth look at PayPal ahead of its highly-anticipated spin-off from eBay Inc (NASDAQ: EBAY). The value of the stock cannot yet be determined until the details of the spin-out are disclosed, but Wedbush sees PayPal as an “enduring market...
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Wedbush: Only Hope For Etsy Investors Is If The Company Goes 'Back To Basics'
Thursday, May 21, 2015 - 3:02pm | 379Read More...Etsy Inc (NASDAQ: ETSY) came out with disappointing first quarter numbers post-market closing on Tuesday Gil Luria of Wedbush Securities was on CNBC recently to discuss why the company failed to meed investors and analysts’ expectations and what it needs to do to get back on track...
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Sell-Side Sentiment On Etsy Not Looking Favorable
Monday, May 11, 2015 - 1:07pm | 343Read More...Up to 5 percent of the merchandise sold via Etsy Inc (NASDAQ: ETSY) may be counterfeit or in violation of copyright laws, an analyst said Monday. Etsy, off more than 30 percent since going public last month, changed hands recently at $20.85, down 7.9 percent. The online platform for handmade...
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EBay Q1 Results Leave Analysts Sitting On Fence
Thursday, April 23, 2015 - 12:07pm | 289Read More...Slowing first quarter growth at eBay Inc (NASDAQ: EBAY) caused at least several analysts to remain on the fence Thursday. The e-commerce company beat Wall Street's earnings expectations by 10 percent, sending its stock up recently by 3.6 percent, to $58.80. The earnings beat derived from cost-...
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EBay Or PayPal: Which One To Invest In After The Spinoff?
Thursday, April 23, 2015 - 10:47am | 373Read More...eBay Inc (NASDAQ: EBAY) reported better than expected first quarter earnings on Wednesday. Now that the eBay-PayPal spinoff is going to be reality, the question investors are asking is: which one to bet on? Gil Luria, managing director Research of Wedbush Securities, was on CNBC to answer that...
