Homebuilder shares fall after JP Morgan says housing recovery will be ‘tepid,’ downgrading 5 stocks
Homebuilder stocks fell Friday after J.P. Morgan said it is “more cautious” about the sector’s prospects. The firm lowered its ratings for five homebuilder stocks Friday – including reducing PulteGroup and M.D.C. Holdings to underweight and moving Beazer Homes, Century...
Your first trade for Friday, Sep 21
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Microsoft Karen Finerman was a buyer of FedEx Dan Nathan was a seller of the Semiconductor ETF Tim Seymour was a buyer...
Jefferies says AMD could triple its market share due to Intel’s supply problem
Jefferies believes AMD shares can go higher even after the chipmaker’s stock stunning rise this year. The firm raised its price target for AMD shares to $36 from $30, predicting big market share gains for the chipmaker due to Intel’s...
‘The whole world economy’ is at risk if US-China trade war gets much worse, SocGen chair
Financial market participants are not paying enough attention to the escalating U.S.-China trade war, Societe Generale Chairman Lorenzo Bini Smaghi told CNBC on Friday. “I don’t think a trade war is very good, said Bini Smaghi, an Italian economist and...
Wall Street analysts are worried about a memory chip downturn as Micron shares keep falling
Micron confirmed investors’ worst fears, saying PC processor shortages are hurting demand for its memory chips. The chipmaker’s shares were down 2.9 percent Friday, a day after the company gave weaker-than-expected fiscal first-quarter guidance. Micron estimates the company will generate...
Stocks making the biggest move premarket: MU, MCD, T, TXN, WMT & more
Check out the companies making headlines before the bell: Micron Technology– Micron reported adjusted quarterly profit of $3.53 per share, beating the consensus estimate of $3.34 a share. The chipmaker’s revenue also topped forecasts, however the stock erased an initial...
UBS upgrades AT&T to buy: ‘The stock is trading near all-time low valuations’
UBS raised its rating of AT&T to buy from neutral, citing “an overly negative outlook” and saying it expects a turnaround in operating performance. “We believe the stock is trading near all-time low valuations (and the widest gap to Verizon),”...
Wells Fargo is going backward with thousands of job cuts as JP Morgan and other banks boom
Wells Fargo Chief Executive Officer Tim Sloan is cutting jobs with the hope that he can save his own. Ever since taking over as CEO almost two years ago, Sloan has given top priority to move the bank past the...
European stocks open higher as trade fears ease; Smiths Group falls 9%
European stocks opened higher Thursday as investors shrugged off worries over the U.S.-China trade dispute. The pan-European Stoxx 600 edged up 0.4 percent, with all sectors in positive territory. Among the bourses, Italy’s FTSE MIB led the upward charge, over...
After-hours buzz: MU, UNFI & more
Check out the companies making headlines after the bell: Micron Technology shares rose more than 4 percent in after-hours trading following the release of its fourth-quarter earnings report, before paring its gains and falling 3 percent from the closing price....
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