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Piper Jaffray Initiates Coverage Of Cronos, Says Stock 'Warrants A Premium Valuation'
Tuesday, August 13, 2019 - 2:06pm | 442Cannabis stocks got a boost on Tuesday after a major Wall Street firm initiated bullish coverage of Cronos Group Inc (NASDAQ: CRON). The Analyst Piper Jaffray analyst Michael Lavery initiated coverage of Cronos with an Overweight rating and $18 price target. The Thesis Lavery said Cronos is well...
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These Trading Pros Agree: Kraft Heinz's Stock Hasn't Bottomed Yet
Friday, August 9, 2019 - 9:29am | 371Kraft Heinz Co (NASDAQ: KHC) traded to its lowest levels ever on Thursday and two market pros are in no hurry to buy the stock. Market Technician's Take Kraft Heinz's stock chart since August 2016 shows a pattern of establishing a "series of lower lows and lower highs," Piper...
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Better Than Feared: Apple Impresses Analysts With iPhone Sales, Return To Hope For China
Wednesday, July 31, 2019 - 11:12am | 741Apple Inc (NASDAQ: AAPL) impressed analysts with revenue from iPhone sales and a return to growth in China, although both figures came in lower than last year. Apple reported total revenues of $53.8 billion, beating Wall Street's $53.3 billion estimate. Earnings per share of $2.18 beat the...
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Tesla Co-Founder JB Straubel Is The Latest Executive To Depart
Thursday, July 25, 2019 - 10:51am | 474The list of high-profile executive departures from Tesla Inc (NASDAQ: TSLA) grew even larger with perhaps the most notable name to date: co-founder and Chief Technology Officer J.B. Straubel. What Happened Straubel was part of Tesla's founding team, and as CTO he oversaw new...
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The Street Reacts To Visa's Q3 Earnings
Wednesday, July 24, 2019 - 4:48pm | 553Visa Inc (NYSE: V) reported fiscal third-quarter results that came in better than expected while multiple underlying performance metrics accelerated. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts KeyBanc Capital Markets' Josh Beck maintains...
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Chipotle Shares Hit New All-Time Highs: The Street Debates What's Next
Wednesday, July 24, 2019 - 1:05pm | 865Chipotle Mexican Grill, Inc. (NYSE: CMG) reported better-than-expected second-quarter results highlighted by strong growth in digital sales. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts BMO Capital Markets' Andrew Strelzik maintains an...
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'Trading Nation' Traders Talk Chipolte, McDonald's And Starbucks
Tuesday, July 23, 2019 - 7:38am | 273On CNBC’s “Trading Nation” Monday afternoon, Craig Johnson of Piper Jaffray sees McDonald's Corp (NYSE: MCD) moving higher and says it's a safe bet. Johnson says Chipotle Mexican Grill, Inc. (NYSE: CMG) is at a major inflection point ahead of its earnings report...
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Analyst: Trump Could Push Cannabis Legalization In 2020
Monday, June 10, 2019 - 2:55pm | 373Cannabis could be one of the top five issues in the 2020 presidential election, Piper Jaffray. President Donald Trump may champion legalization as a way of gaining favor with younger voters, the sell-side firm said in a Sunday note. Need more cannabis news? Check out all of our coverage here...
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Piper Jaffray: Netflix Subscriber Survey Shows Strength In Face Of Competition From Disney
Monday, May 13, 2019 - 3:47pm | 441Netflix can chill. There are lots of new competitors coming, but a survey of Netflix, Inc. (NASDAQ: NFLX) subscribers shows most plan to stick with the service, leading Piper Jaffray to reiterate its bullish stance on the streaming pioneer’s stock. The Analyst Michael Olson reiterated an...
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Printer Error Stalls 3D Systems In Q1
Wednesday, May 8, 2019 - 12:50pm | 6043D Systems Corporation (NYSE: DDD) fell far short of Street forecasts in the first quarter. Loss per share of 9 cents missed estimates for a 1-cent loss, and sales of $151.98 million underperformed $164.69 million expectations. What Went Wrong The stalls were partly due to a technical problem in...
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Analysts Raise Price Targets On GW Pharma's Positive Earnings, Epidiolex Results
Tuesday, May 7, 2019 - 11:40am | 540GW Pharmaceuticals PLC-ADR (NASDAQ: GWPH) opened higher by 8 percent Tuesday after posting positive results from its Phase 3 Epidiolex trial and second-quarter earnings beats. Here’s what analysts are saying. Epidiolex Sales GW Pharma closed out its first full quarter of Epidiolex sales...
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Report: Kraft Heinz Having Difficulty Unloading Maxwell House
Friday, April 26, 2019 - 10:56am | 421Food company Kraft Heinz (NASDAQ: KHC),has struggled to sell the Maxwell House coffee brand since putting it up for sale in February for about $2.5 billion, the New York Post reported Thursday. What Happened Potential buyers met with Kraft Heinz in April to look at the books, but no...
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Big Chip Q1 Earnings Preview: A Focus On Industry Downturn, Product Delays, Competitive Dynamics, New Tech
Thursday, April 25, 2019 - 12:26pm | 947Corporate profit expectations for the first quarter are muted, with most analysts bracing for S&P 500 profits to decline for the first time since the second quarter of 2016. Semiconductor and semiconductor equipment makers could see their profit drop 23 percent year-over-year, according to...
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Lyft Analysts Largely Bullish As Quiet Period Ends
Wednesday, April 24, 2019 - 10:52am | 519Multiple sell-side analysts issued buy recommendations on LYFT Inc (NASDAQ: LYFT) Tuesday with the expiration of a waiting period for banks that worked on Lyft's IPO to offer advice on the stock. Lyft is down nearly 20 percent from its opening price of $72 in late March, so buy...
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Crocs Trading At Balanced Risk-Reward Profile, Piper Jaffray Says In Downgrade
Tuesday, April 23, 2019 - 2:16pm | 408Footwear maker Crocs, Inc. (NASDAQ: CROX) has seen its stock rise more than $10 per share from around the $15 level last year and now has a balanced risk-reward profile, according to Piper Jaffray. The Analyst Erinn Murphy downgraded Crocs from Overweight to Neutral with an unchanged $31...