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Not every Wall Street analyst is gaga over Netflix

“Credit Suisse analyst Stephen Ju and Jefferies analyst John Janedis both expressed concerns that much of Netflix’s revenue will be offset by mounting content expenses” writes Stephane De Sakutin for cnbc.com. Ju cut his 12-month price target on Netflix to $209 from $210, while Janedis raised his target to $190 from $180.”It does appear that Netflix will roll out to the relevant markets at one time, which does raise our revenue estimates for 2018,” wrote Credit Suisse analyst Stephen Ju.Netflix closed at $202.68 on Monday: Ju’s target is 3 percent…

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Analyst says ‘nobody can compete’ with Tesla in China

“Piper Jaffray reiterated its overweight rating on Tesla shares, saying the company’s electric car quality is far ahead of its peers in China” writes Wang Zhao for cnbc.com. The analyst said China will start an electric vehicle quota system in 2019.Potter reaffirmed his $386 price target on Tesla shares, representing 10 percent upside to Monday’s close. Source: cnbc.com Share This:

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Goldman: Bet against GE, dividend cut is coming

“Goldman is the second high-profile Wall Street firm in as many weeks to raise concerns about the GE dividend” writes unknown author for cnbc.com. “Our fresh look at GE’s fundamentals leaves us incrementally bearish, as we see a significant EPS/FCF reset and a potential dividend cut to come,” wrote analyst Joe Ritchie in the report.Goldman says the options market is pricing in a cut of the payout to 78 cents in 2018.General Electric may likely cut its dividend soon as it looks to simplify its businesses and streamline its accounting…

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London Eye Owner Merlin Plunges as Terror Threat Hits Growth

“The total capital cost of the project will be about $350 million, Varney said” writes unknown author for bloomberg.com. The company is shelving planned capital spending of 100 million pounds ($133 million) over the next four years to add new features at existing attractions.The company now expects 2017 earnings before interest, tax, depreciation and amortization to be between 470 million pounds and 480 million pounds, less than the median analyst estimate of 491 million pounds based on data compiled by Bloomberg. Source: bloomberg.com Share This:

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Tesla stock is only as good as Model 3’s progress, analyst says

“Tesla shares fell 2% Monday, declining for a second straight session” writes Claudia Assis for marketwatch.com. We also understand at least one of those suppliers has been fired replaced by insourcing,” the Oppenheimer analysts said.Read more: Tesla car population will explode within a few years, Morgan Stanley says The Oppenheimer analysts kept their forecast of Model 3 shipments at 3,005 this year, and of total Tesla shipments at 100,056.Tesla Inc. shares will continue to track the progress of the Model 3 while long-term investors are expecting further delays with the…

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Johnson & Johnson earnings: All eyes on hurricane impact

“Earnings: Analysts expect Johnson & Johnson to report third-quarter earnings of $1.80 per share, up from $1.68 per share in the year-earlier period, according to FactSet” writes Emma Court for marketwatch.com. Beyond Johnson & Johnson, and despite potential storm impact, most pharmaceutical companies will likely report in-line or positive results, Porges said.When Johnson & Johnson reports third-quarter earnings, scheduled for Tuesday before the bell, investors will be closely watching for any commentary about the impact of three recent U.S. hurricanes. Source: marketwatch.com Share This:

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Citigroup Stock Could Tumble Another 11%, Analyst Says

“Analyst Andrew Lim cut Citigroup stock down to sell and lowered his price target to $65 from $70” writes Bret Kenwell for thestreet.com. Should Citigroup stock fall that far, it will represent a decline of nearly 15% from the highs.Notably, it will also put the stock below its 50-day moving average and just above its 200-day moving average. Source: thestreet.com Share This:

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China’s Huawei could overtake Apple this year in smartphones, top analyst says

“Chinese device maker Huawei could surpass Apple in the smartphone market this year, according to an analyst from a top research firm” writes Arjun Kharpal for cnbc.com. It has managed to launch phones at different price points, as well as challenge Apple and Samsung in the high end of the market.In the second quarter of this year, Huawei held a 11.3 percent market share, shipping 38.5 million units, IDC data show. Source: cnbc.com Share This:

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It would take an ‘immaculate conception’ to create bear market in stocks right now: analyst

“So strong that, according to one analyst, it would take divine intervention to stop it” reports marketwatch.com. Health insurer and hospital stocks plummeted on policy changes expected to undermine Obamacare.How strong is the uptrend in the U.S. stock market?.  Source: marketwatch.com Share This:

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Apple may not be able to ramp iPhone X production until December, analyst says

“Though iPhone X sales are set to kick off with pre-orders on Oct. 27 and availability Nov. 3, the manufacturing and supply chain partners Apple uses are privately saying that volumes will not be ready in November” writes Tech Reporter for marketwatch.com. While iPhone 8 supply is good, the discounts have not yet been enough give wireless carriers incentives to attract more customers to two-year contracts.As for the iPhone 8, consumer interest is “OK but not tremendous” and customers are not buying as much as Cascend expected, the note says. Source:…

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