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Apple Says It Will Invest $350 Billion In The US
Wednesday, January 17, 2018 - 3:00pm | 429Apple Inc. (NASDAQ: AAPL) announced a $350-billion investment in the United States over the next five years on Wednesday. What Happened As part of Apple's commitment to "support the American economy and its workforce," the iPhone maker will spend $350 billion over five years...
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Ethan Allen's Preliminary Q2 Results Disappoint, Shares Tumble
Wednesday, January 17, 2018 - 2:02pm | 399Ethan Allen Interiors Inc. (NYSE: ETH) disappointed investors Tuesday as the interior design company guided its fiscal second-quarter results below the Street's estimates. The Analyst Telsey Advisory Group's Cristina Fernández downgraded Ethan Allen's stock rating from...
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Buckingham Reviews 'Best In Class' JPMorgan's Q4 Beat
Friday, January 12, 2018 - 11:23am | 354JPMorgan Chase & Co. (NYSE: JPM) reported Friday its fourth quarter results, which came in better than expected. The Analyst Buckingham Research Group's James Mitchell maintains a Buy rating on JPMorgan's stock with an unchanged $135 price target. The Thesis JPMorgan's earnings...
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KeyBanc Issues Stronger Forecast For 3 Steel Names
Thursday, January 11, 2018 - 2:47pm | 625The steel sector is looking more attractive than in the past, according to KeyBanc Capital Markets. The Analyst KeyBanc's Philip Gibbs: Upgraded Timkensteel Corp (NYSE: TMST)'s from Underweight to Sector Weight with no assigned price target, but a $16 "fair value...
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After A Year Of Improvement, RH Is A Buy, Says Loop Capital Markets
Thursday, January 11, 2018 - 1:56pm | 473RH (NYSE: RH), formerly known as Restoration Hardware Holdings, saw its stock tumble from north of $100 per share in 2015 to end 2016 around $30 per share. But the stock "significantly de-risked" in 2017 and remains attractive at today's levels, according to Wall Street's newest...
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Walmart Announces Pay Increases, Expanded Benefits After Tax Cut
Thursday, January 11, 2018 - 10:40am | 400Wal-Mart Stores Inc (NYSE: WMT) announced a pay increase for more than 34,000 of its workers in April 2015. Not even three years later, the retail giant announced another bump and additional benefits for its employees. What You Need To Know In 2015, Walmart promised to pay all of its employees at...
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Nvidia At CES: Oppenheimer's Major Takeaways
Wednesday, January 10, 2018 - 3:32pm | 433NVIDIA Corporation (NASDAQ: NVDA) was one of the biggest gainers in 2016 and 2017 and will be closely followed by investors throughout 2018 to determine if further gains can be seen. The Analyst Oppenheimer's Rick Schafer maintains a Perform rating on Nvidia's stock. The Thesis Schafer...
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After 24% Gain By Paychex, BofA Steps To The Sidelines
Tuesday, January 9, 2018 - 5:02pm | 471Now that shares of Paychex, Inc. (NASDAQ: PAYX) have gained 24 percent in the past five months, one Wall Street firm is dropping its bullish thesis. The Analyst Bank of America Merrill Lynch's Jason Kupferberg downgraded Paychex's stock rating from Buy to Neutral with an unchanged $...
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Caterpillar Remains 'Undervalued' After 75% Gain In 2017, Says JPMorgan
Monday, January 8, 2018 - 11:00am | 413Caterpillar Inc. (NYSE: CAT) investors saw a return of 75 percent in 2017 versus the S&P 500's 22-percent gain, and a Wall Street analyst is projecting the growth will continue. The Analyst JPMorgan's Ann Duignan upgraded Caterpillar's stock from Neutral to Overweight...
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Mortgage Companies Weigh In On The Tax Cuts And Jobs Act
Saturday, January 6, 2018 - 4:48pm | 659The last-minute passage of a federal corporate tax cut before year’s end created a bit of confusion among taxpayers who want to take advantage of what may be their last opportunity to deduct property taxes. Thousands of Americans scrambled to prepay 2018 property taxes before Dec. 31 in hopes...
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Morgan Stanley Upgrades Oracle, Says Upside Exists In Earnings Growth
Wednesday, January 3, 2018 - 4:19pm | 431By some financial metrics, Oracle Corporation (NYSE: ORCL) has frustrated investors, but one Wall Street analyst said a string of disappointments represents an opportunity to buy shares. The Analyst Morgan Stanley's Keith Weiss upgraded Oracle's stock rating from Equal-weight to...
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Ulta Beauty Investors Failing To Reward Stock For Tax Tailwinds, Says Wells Fargo
Wednesday, January 3, 2018 - 12:23pm | 418Beauty product retailer Ulta Beauty Inc (NASDAQ: ULTA) stands to be a major beneficiary of the corporate tax cut, and the Street may not be fully appreciating this tailwind, according to Wells Fargo. The Analyst Wells Fargo's Ike Boruchow upgraded Ulta's stock rating from Market...
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Attractive Entry Point, Tax Cuts Drive Morgan Stanley's E*Trade Upgrade
Wednesday, January 3, 2018 - 11:15am | 425After gaining more than 40 percent in 2017, E*TRADE Financial Corp (NASDAQ: ETFC) has further upside ahead in 2018, according to Morgan Stanley. The Analyst Morgan Stanley's Michael Cyprys upgraded E*Trade from Equal-weight to Overweight with a price target boosted from $44 to $63. The...
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Media Analyst Turns Bullish On Disney Due To 'Strategic Positioning'
Wednesday, January 3, 2018 - 9:05am | 385Walt Disney Co (NYSE: DIS)'s stock has some investors and Wall Street analysts concerned, but its proposed acquisition of most of Twenty-First Century Fox Inc (NASDAQ: FOXA)'s media and entertainment assets is one of the few reasons to turn bullish. The Analyst Rosenblatt Securities'...
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Goldman Sachs, Other Banks Expects Tax Reform To Have Big One-Time Impacts
Tuesday, January 2, 2018 - 1:10pm | 835The Goldman Sachs Group's GS fourth-quarter 2017 results are likely to reflect a $5 billion negative impact triggered by the new tax reform, which levied taxes on overseas income. Also, deferred tax assets (DTAs) will lose value due to tax cut. President Trump has opened doors for banks to...