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Microsoft stock spikes after earnings forecast beats expectations

“In total, that suggests first-quarter revenue of $27.35 billion to $28.05 billion” writes Jeremy C for marketwatch.com. Shares had been up 1% after the company’s fiscal fourth-quarter earnings report showed stronger-than-expected profit and sales.MSFT, -0.68% shares jumped to a 4% gain in after-hours trading Thursday after the tech giant supplied its forecast for the first quarter of the 2019 fiscal year.Analysts on average were projecting revenue of $27.4 billion, according to FactSet. Source: marketwatch.com Share This:

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Comcast upgraded by Raymond James after it drops bidding war for Fox assets

“Comcast shares are more attractive after the company decided to walk away from its bidding war for Twenty-First Century Fox assets, according to Raymond James” writes Andrew Harrer for cnbc.com. The firm raised its rating on Comcast shares to outperform from market perform, predicting investor sentiment for the company will improve over the next year.Comcast shares rose 3 percent Thursday after the announcement. Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com. Source: cnbc.com Share This:

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Shares of eBay drop 9 percent after weak growth, lowered revenue forecast

“We expect eBay shares to revisit recent lows, as the headwinds in StubHub was an unexpected development,” Credit Suisse said” writes Michael Sheetz for cnbc.com. Shares of eBay fell 9 percent in trading Thursday after the company reported sluggish growth in its marketplace business and lowered its revenue forecast for the the rest of the year.The online marketplace reported second-quarter earnings of 53 cents per share, while revenue came in at $10 billion. Shares of eBay were nearly flat for the year before its second-quarter earnings report, up 0.6 percent…

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JP Morgan says Amazon is a ‘top pick,’ recommends internet giant into its earnings report next week 

“Amazon shares will keep surging even after its stunning rise so far this year, according to J.P. Morgan” writes Lindsey Wasson for cnbc.com. The firm reiterated its overweight rating for Amazon shares, predicting the company will report sales above expectations for its second quarter.The analyst estimates the company will report second-quarter sales of $53.7 billion versus the $53.4 billion Wall Street consensus. Amazon will report its second-quarter earnings results on July 26, according to its website. Source: cnbc.com Share This:

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Credit Suisse raises its price target for Square by more than 80%

“Square shares will thrive as the company expands to new markets and builds upon its core payments offering, according to Credit Suisse” writes unknown author for cnbc.com. Square shares are up 97 percent so far this year through Wednesday versus the S&P 500’s 5 percent gain.The firm raised its rating to outperform from neutral for Square shares, citing the increasing breadth of its product offerings for merchants.Condra noted the company has added point of sale software offerings for restaurants, hardware products, customer relationship management, analytics and payroll software on top…

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Canadian cannabis company Tilray’s shares soar 22% in trading debut

“Canadian cannabis company Tilray Inc.’s shares TLRY, +0.00% surged 22% in their trading debut Thursday, after the company priced its initial public offering at $17, above its $14 to $16 price range” writes Ciara Linnane for marketwatch.com. The company raised $153 million in the deal, by selling 9 million shares in the U.S. and another 2.476 million shares classified as subordinate voting shares in Canada and other countries at 22.45 Canadian dollars Tilray, a federally-licensed marijuana cultivator, processor and distributor, received the bulk of the proceeds and will be majority…

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Avis to give Amazon customers 20% gift card for using Alexa to book a car

“And later in July, Amazon customers who rent an Avis car using Amazon Alexa will receive an Amazon gift card valued at 20% of the rental price” writes Reporter Editor for marketwatch.com. The new benefits are part of a relationship formed last year, when Avis launched a skill for Amazon Alexa that enables Avis customers to make a car rental reservation. HTZ, -0.37% have plunged 38%, Amazon shares have soared 58% and the S&P 500 SPX, -0.42% has gained 5.3%.AMZN, -0.39% customers who book a rental car through Avis.The benefits…

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Comcast drops bid for 21st Century Fox assets, leaving Disney in the clear

“Comcast Corp. is dropping its bid for 21st Century Fox FOXA, -1.78% assets, the company said in a statement Thursday morning” writes Sarah Toy for marketwatch.com. Comcast shares have fallen 15% so far this year, while Fox shares have risen 35%. Disney shares have risen 3%, and the S&P 500 SPX, -0.44% has gained 5.3%.”Comcast CMCSA, +2.82% does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and, instead, will focus on our recommended offer for Sky,” the company said in a statement. Source: marketwatch.com Share This:

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Dow at risk of snapping a 5-day rally as consumer-staples, financials slide

“U.S. stocks opened lower Thursday, with the Dow Jones Industrial Average on the verge of ending a multisession rally as investors focused on quarterly earnings and fresh developments in disputes between the U.S. and its global trade partners” writes Mark Decambre for marketwatch.com. The technology-laden Nasdaq Composite Index was down 0.1% at 7,846, but not far off its record high set on Tuesday.The Dow DJIA, -0.57% was down nearly 60 points, or 0.2%, at 25,140, the S&P 500 index SPX, -0.55% was off 0.2% at 2,810, with a decline of…

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Comcast drops pursuit for Fox assets, to focus on Sky offer

“Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and instead will focus on our recommended offer for Sky,” the company said on Thursday” writes Midwest Communications Inc for 95kqds.com. Shares of Walt Disney Co , which has agreed a deal to buy the Fox assets, were up marginally.(Reuters) – Comcast Corp said it dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc on Thursday and will focus on its offer for European pay-TV group Sky Plc Shares…

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