Markets News Stocks 

Buy Lululemon for its ‘significant opportunities’ in international markets, Deutsche Bank says

“Deutsche Bank raised its rating for the apparel retailer’s shares to buy from hold, predicting Lululemon will report sales above expectations” writes Simon Dawson for cnbc.com. Investors should buy Lululemon shares because of its growth prospects overseas, according to one Wall Street firm.”LULU’s international growth pillar continues to reflect one of the company’s most significant opportunities,” he wrote.Trussell noted how Lululemon reported strong 7 percent comparable sales growth in the past two quarters.The analyst raised his price target for the company’s shares to $89 from $72, representing 20 percent upside…

Read More
Crypto News 

Nvidia crypto mining opportunities likely to persist in 2018: analyst

“NVDA, -1.73% will continue to benefit from the mining of cryptocurrencies in 2018, even if the Ethereum blockchain moves past the use of graphics-processing units as Bitcoin BTCUSD, -5.07% has” writes Emily Bary for marketwatch.com. Susquehanna analyst Chris Rolland made a similar point about Nvidia and Advanced Micro Devices Inc.AMD, +2.78% in a Tuesday note, pointing out that Ethereum joining Bitcoin as an ASIC-driven mining task would be a “modest negative” for those two companies.The analysts pointed out that there are plenty of newer cryptocurrencies for which miners could use…

Read More
News 

Jones’s Alabama win doesn’t change prospects for tax bill passage, analyst says

“Doug Jones’s victory in the Alabama Senate election Tuesday night does not change prospects for the Republican tax bill, said Brian Gardner of Keefe, Bruyette & Woods in a note Wednesday” writes Fiscal Policy Reporter for marketwatch.com. “We expect the tax bill will probably be passed by Congress before Christmas,” Gardner said. The election “should not impact the tax bill unless some other factor(s) derail the tax bill and push the issue into 2018,” Gardner said. Source: marketwatch.com Share This:

Read More
News Stocks 

Here are JPMorgan’s favorite chip stock picks for the next year

“Semiconductor stocks outperformed the market handily this year and one Wall Street analyst believes several companies in the sector will continue to surge higher next year” writes Yuri Gripas for cnbc.com. “Looking ahead, we expect the semiconductor industry to continue exhibiting relatively stable and less cyclical growth,” JPMorgan analyst Harlan Sur wrote in a note to clients Monday.”In addition to further industry growth in 2018, we expect M&A/consolidation and aggressive capital returns will likely drive valuation support in our stocks through the year.”. Here are four overweight-rated semiconductor stocks recommended…

Read More
News Stocks 

Snap shares up 5% after analyst note

“SNAP, +6.04% shares have risen 5% to $15.91 in afternoon trading after a positive note from Monness, Crespi, Hardt & Co. analyst James Cakmak to clients Monday” writes Tech Reporter for marketwatch.com. In the report, Cakmak wrote that the stock has reached as a turning point because the company is in a position to beat Wall Street estimates, executives were “candid” about the company’s challenges in the third-quarter earnings call, and has a strong relationship with Chinese tech giant Tencent Holdings Ltd. [hk:700] Cakmak also wrote that the company will…

Read More
News 

Fmr. Amazon analyst sentenced to prison for insider trading

“Brett D. Kennedy was sentenced Friday after pleading guilty to a federal insider trading charge in September” reports foxbusiness.com. Kennedy had worked as a financial analyst at Amazon since 2013.A former Amazon financial analyst has been sentenced to six months in prison and a $2,500 fine after admitting he tipped off a college friend to details about the company’s upcoming first-quarter earnings report in spring 2015.Prosecutors said his former fraternity brother at the University of Washington, Maziar Rezakhani, used the information to make $116,000 trading stock and paid Kennedy $10,000. Source:…

Read More
Crypto News 

Bitcoin is a ‘video game’ filled with speculators that could propel it to $45,000, analyst says

“Walter Zimmermann, an analyst who’s been tracking bitcoin charts, said the popular cryptocurrency is like a “video game” filled with speculators who could propel it higher” writes Berkeley Lovelace Jr for cnbc.com. As long as it holds above $13,000, bitcoin has a chance of spiking to $45,000 later next year, a technical analyst told CNBC on Friday.”I think bitcoin should have won ‘game of the year,’” Zimmermann said on “Squawk Alley.”. Bitcoin “is not an investment,” said Zimmermann, vice president and chief technical analyst at ICAP. “People who come in…

Read More
News 

Top Fox News analyst goes off in wild segment about Russia, calls the FBI America’s ‘secret police’ and like ‘the old KGB’

“Fox News legal analyst Gregg Jarrett went off on the FBI in a tirade about Hillary Clinton, Russia, and Paul Manafort” writes Maxwell Tani for businessinsider.com. In a segment on “Hannity” on Wednesday, Jarrett blasted the agency over special counselor Robert Mueller’s investigation into Russian interference in the 2016 election. Source: businessinsider.com Share This:

Read More
News Stocks 

Analyst downgrades Expedia, saying stock chart is signaling trouble ahead

“Growth concerns have dogged Expedia throughout the year, and MKM Partners analyst Christopher Agnew says these worries aren’t likely to resolve themselves soon” writes Fabrizio Bensch for cnbc.com. Shares of Expedia fell 1.6 percent in premarket trading; the stock is down 17 percent over the past three months. While the outlook is gloomy, the analyst noted that Expedia’s HomeAway, a direct Airbnb challenger, may benefit from strong leisure travel.The stock “has really lost momentum,” added Agnew, who has a $115 estimate on Expedia shares, which is 3.5 percent lower than…

Read More
News Stocks 

Facebook will lead a surge in tech stocks next year with a 30% gain, Evercore ISI says

“To be sure, the analyst’s $210 price target does spell meaningful, 14 percent upside for the company over the next year” writes Scott Eells for cnbc.com. His $1,350 price target reflects 18 percent upside over the next 12 months.By issuing a $225 price target on Mark Zuckerberg’s social media giant Facebook, the analyst believes that the company’s shares will rise 30 percent over the next year.”Today’s leading tech companies are leveraging the internet to disrupt and take profits from large established industries, a dynamic that is driving real earnings and…

Read More