News Stocks 

Analyst who nailed Twitter’s sell-off just upgraded the stock to buy

“MKM Partners’ Rob Sanderson downgraded Twitter in June 2015 shortly before the stock would be cut in half on disappointing user growth and advertising revenue” writes John Melloy for cnbc.com. But now he is positive, upgrading the stock to buy from neutral on Friday with a note titled, “Twitter is Here to Stay and Still Has Mass Market Potential.”. Sanderson also set a $40 12-month price target on the stock, 27 percent higher than where it closed on Thursday. Source: cnbc.com Share This:

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Morgan Stanley: Apple stock may fall on ‘materially’ weaker iPhone sales, but then it is time to buy

“Apple’s iPhone sales in the June quarter will significantly disappoint versus Wall Street expectations, according to Morgan Stanley” writes Tae Kim for cnbc.com. Morgan Stanley lowered its June quarter iPhone unit estimate to 34 million from 40.5 million versus the nearly 43 million average forecast.Huberty lowered her price target to $200 from $203 for the company’s stock, representing 16 percent upside from Thursday’s close.Huberty cited her poor checks with Apple’s iPhone suppliers and weaker-than-expected data from China for her estimate reduction.But the firm says any drop in the stock from…

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News Stocks 

Apple’s stock drop contributes 40 points to Dow’s 230-point fall in late-morning trade

“Apple shares AAPL, -3.29% were off 3.4%, or about $5.92, with the magnitude of the drop sapping about 40 points from the Dow DJIA, -0.65% in early action” writes Mark Decambre for marketwatch.com. The Dow Jones Industrial Average late-morning Friday was trading lower for a third straight session, with shares of Apple Inc., exacting the largest toll on the blue-chip gauge.That has led some Wall Street analysts to speculate that weakness in demand bodes ill for Apple Inc.The Dow most recently was down 230 points, or 0.9%, at 24,438, while…

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News Oil Stocks 

GE’s stock pares some gains; analyst says it’s too early to buy

“Analyst Jim Corridore at CFRA cut his stock price target to $16 from $18 while keeping his rating at hold, citing GE’s “ongoing operational difficulties.”” writes Reporter Editor for marketwatch.com. “Results continue to be hurt by difficulties at power, where operating profits fell 38%, and oil and gas where it fell 30%,” Corridore wrote in a note to clients. The stock has shed 10.2% over the past three months, while the SPDR Industrial Select Sector ETF XLI, -0.54% has lost 4.9% and the Dow Jones Industrial Average DJIA, -0.75% has…

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News Stocks 

GE’s stock surges after profit and revenue beat expectations

“GE, +4.18% surged 3.2% toward a 5-week high in premarket trade Friday, after the industrial conglomerate reported first-quarter profit and revenue that beat expectations” writes Reporter Editor for marketwatch.com. Oil and gas revenue climbed 74% to $5.39 billion, but missed the FactSet consensus of $5.45 billion, while healthcare revenue rose 9% to $4.70 billion to beat expectations of $4.46 billion.Among GE’s business segments, power revenue fell 9% to $7.22 billion, but beat the FactSet consensus of $6.70 billion, while aviation revenue rose 7% to $7.11 billion to top expectations of…

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Markets News Stocks 

Mark Hulbert: Guess which of these S&P 500 valuation measures is telling the truth

“That in turn means that P/Es based on projected earnings will be significantly lower than P/Es based on trailing earnings” writes Mark Hulbert for marketwatch.com. It isn’t that it’s inherently better to focus on trailing earnings versus projected earnings.Is the S&P 500’s current price/earnings ratio below 17, or is it close to 25?. And because earnings on average grow from year to year, and because analysts are almost always too optimistic, projected earnings will be markedly higher than trailing earnings.That’s the same conclusion we reach when focusing on P/Es based…

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European stocks fall from 7-week high as consumer-goods shares struggle

“European stocks edged down Friday, as losses in the consumer-goods sector contributed to pulling the regional market away from a seven-week high” writes Markets Reporter for marketwatch.com. But U.K. stocks moved higher Friday as a whole as the pound fell against major rivals.The Stoxx Europe 600 index SXXP, -0.15%  fell 0.3% to 380.71, led by losses for the oil and gas and consumer goods.That sector lost ground on Thursday, as concerns about weak pricing power hurt shares of Dove soap maker Unilever PLC ULVR, +0.41%  , and tobacco stocks fell…

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News Stocks 

GE’s stock on track for best post-earnings performance in over 7 years

“The stock is on track for the biggest one-day post-earnings gain since Jan. 21, 2011, when it rallied 7.1% after fourth-quarter 2010 results” writes Reporter Editor for marketwatch.com. GE’s stock had lost 14.0% over the past three months through Thursday, while the Dow Jones Industrial Average DJIA, -0.17% had lost 5.4%.Before that, the biggest gain was 4.6% on July 19, 2013, after second-quarter 2013 results.With volume of over 4.1 million shares, the stock was the most actively traded before the open.General Electric Co.’s stock GE, +6.29% ran up 5.3% in…

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