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Lumentum paces optical stocks downward on tariff concerns

“Lumentum shares were off 11.3% over the past 12 months before Friday’s session, while the S&P 500 SPX, -0.09% has gained 13%” writes Emily Bary for marketwatch.com. Raymond James analyst Simon Leopold wrote Friday that Win Semiconductors Corp.’s 3105, +0.00% disappointing outlook also pressured Lumentum shares.Oclaro generates more than 10% of revenue from China’s ZTE 0763, -3.68% Needham analyst Alex Henderson has written in the past. Source: marketwatch.com Share This:

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After exiting battle for Fox, Comcast fires ‘warning shot’ to Disney over Sky takeover, analyst says

“Comcast is ratcheting up the pressure on Disney over its pursuit of Sky, analysts told CNBC on Friday, shortly after it dropped out of the race to acquire Twenty-First Century Fox” writes Jeff Chiu for cnbc.com. The trans-continental bidding war between Comcast and Disney had become one of the most intriguing media battles for decades, given the sheer scale of money on the table and the two CEOs’ well-known contempt for one another.Comcast announced Thursday that it would drop out of the race to acquire Fox’s assets, paving the way…

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Netflix shares take hit as subscriber slip hints at ‘lumpy’ road ahead

“The stock price doubled in the last year, raising its value to within sight of $200 billion as of Monday’s close” writes Midwest Communications Inc for 95kqds.com. Riding on the success of its original shows such as “13 Reasons Why,” “House of Cards” and “Orange is the New Black,” Netflix had beaten subscriber growth expectations in seven out of last 10 quarters.”Netflix has faced hurdles before and this Q2 report won’t be the last,” PiperJaffray analyst Michael Olson wrote. Source: 95kqds.com Share This:

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Netflix subscriber slip hints at ‘lumpy’ road ahead

“Riding on the success of its original shows such as “13 Reasons Why,” “House of Cards” and “Orange is the New Black,” Netflix had beaten subscriber growth expectations in seven out of last 10 quarters” writes Midwest Communications Inc for 95kqds.com. “Netflix has faced hurdles before and this Q2 report won’t be the last,” PiperJaffray analyst Michael Olson wrote.”While subscriber weakness is obviously an issue, the company’s inability to explain it satisfactorily could weigh on the stock over the coming quarter,” Barclays analysts said. Source: 95kqds.com Share This:

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‘You want to own this stock ahead of earnings,’ Netflix analyst says

“Netflix reports second-quarter earnings Monday, and Craig Huber, the founder and CEO of Huber Research Partners, told Business Insider “you want to own the stock ahead of earnings.”” writes Jacob Sonenshine for businessinsider.com. Many on Wall Street believe Netflix is set to dominate the international market, just as it has the US market.In the first quarter of 2018, Netflix added 5.46 million international subs, beating expectations for 4.98 million.Getty Images for The New Yorker Netflix has crushed the broader market this year, as high expectations for the streaming-giant’s future have…

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Wynn Resorts’ stock rallies after Stifel Nicolaus analyst turns bullish

“WYNN, +2.86% hiked up 1.4% in premarket trade Tuesday, after Stifel Nicolaus turned bullish on the casino operator, citing a “compelling” reward-versus-risk scenario as recent macro concerns appear overblown” writes Reporter Editor for marketwatch.com. Wieczynski said his upgrade might be a bit early, but said that World Cup is nearly over, and there hasn’t been a huge correlation between VIP play at casinos over the long term and stock market turmoil. Source: marketwatch.com Share This:

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Baidu stock rises after KeyBanc, Credit Suisse turn bullish

“Credit Suisse analyst Thomas Chong also turned bullish on Baidu shares on Monday, upgrading the stock to outperform from neutral and citing the continued strength of the company’s news feed” writes Emily Bary for marketwatch.com. BIDU, +3.15% are up 2.6% in premarket trading after KeyBanc Capital Markets analyst Hans Chung upgraded the stock to overweight from sector weight. Source: marketwatch.com Share This:

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Dreams of Goldman Doing Big Takeover Meet Stress Test’s Reality

“Almost 10 years after the financial crisis, Wall Street was starting to wonder aloud: Might Goldman Sachs Group Inc. or Morgan Stanley make a big acquisition?” writes Yalman Onaran for bloomberg.com. The results show how difficult it would be for Goldman Sachs and Morgan Stanley to make a major takeover, said Mike Mayo, the analyst who had raised the question with Chavez just months ago. Source: bloomberg.com Share This:

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