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SunTrust predicts Snap will plunge more than 20% on Facebook competition

“SunTrust Robinson Humphrey on Tuesday initiated coverage of Snap shares with a sell rating, citing the competitive threat of its larger rivals copying its innovations” writes Brendan Mcdermid for cnbc.com. Nearly 70 percent of Wall Street does not have buy ratings on Snap shares, according to FactSet.Snap shares have tumbled since its March initial public offering.Despite the call, Snap shares rose 1.7 percent in early trading Wednesday.One Wall Street firm believes there will be no turnaround for the social media company’s stock anytime soon. Source: cnbc.com Share This:

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The stock that’s surged 150 percent this year – and could rise even higher

“Out of all the stocks in the broad S&P 1500 index with more than $2 billion in market capitalization, the best performer this year is Scientific Games” writes Richard Bord for cnbc.com. Wieczynski maintains a hold rating on the stock, explaining that “we remain on the sidelines until a better entry point presents itself.”. Good news for the company has come in the form of an uptick in earnings, as well as an improving debt situation. Source: cnbc.com Share This:

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Dick’s Sporting Goods downgraded on weak ‘profit profile’

“Dick’s Sporting Goods shares are up 3.1% in Wednesday trading but down more than 18% this week, after reporting second-quarter results” writes Tonya Garcia for marketwatch.com. “To say we overstayed our welcome on Dick’s Sporting Goods is an understatement,” analysts said.DKS, +3.16% was downgraded to hold from buy at Canaccord Genuity on concerns that heavy promotions are hurting the company. Source: marketwatch.com Share This:

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UnitedHealth names David Wichmann CEO

“Wichmann has spent nearly 20 years with the company and was previously its chief financial officer” writes Michael Erman for businessinsider.com. (Reuters) – UnitedHealth Group Inc said on Wednesday president David Wichmann will become the company’s chief executive, succeeding Stephen Hemsley, who is moving to the newly created role of executive chairman after more than a decade at the helm of the largest U.S. health insurer.Wichmann, 54, was widely viewed inside and outside of the company as Hemsley’s likely successor, although the timing of the change was sooner than some…

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Target’s Profit, Com Sales Beat on Higher Customer Visits

“Target’s shares rose as much as 5 percent to $57.01 before the bell on Wednesday after the retailer also said it would double the number of its small-format stores” writes Reuters Editorial for reuters.com. The company had 34 small-format stores at the end of the second quarter.On a per share basis, Target earned $1.22 compared with $1.16 in the year-ago period, as the company had fewer shares outstanding.The company gave an indication that its efforts are paying off, and last month estimated that second-quarter sales would rise, helped by improved…

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6 ways you may be sabotaging your relationship — with your investments

“I have always believed that you must treat your investments in the stock market as you would treat a personal relationship” writes Jeffrey S for marketwatch.com. How can you hope to change your relationship with money if you don’t tackle the factors that are undermining it?. But it may never happen, and the resulting cost of waiting for that extra small bit can be huge in both the stock market and in life.The list of potentially perilous stock market beliefs is lengthy.If you’re determined to retain that long-term family investment,…

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European stocks bounce toward 3rd straight rise

“BMW shares rose 0.5% in Frankfurt” writes Markets Reporter for marketwatch.com. European stocks pushed higher Wednesday, with stocks continuing to recover after the flare-up in tensions between the U.S. and North Korea.Fiat shares didn’t trade Tuesday as trading in Italy was closed for a holiday.The Stoxx Europe 600 index SXXP, +0.66% picked up 0.7% to 379.07, with only the telecom group showing a minor decline. Source: marketwatch.com Share This:

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Agilent shares rise more than 4% after company reports sales, EPS above forecast

“A, -0.40% rose more than 4% late Tuesday after the Santa Clara, Calif., company beat fiscal third-quarter earnings and sales expectations” writes Claudia Assis for marketwatch.com. Adjusted for one-time items, the company earned 59 cents a share, compared with 49 cents a year ago.Analysts polled by FactSet had expected adjusted earnings of 52 cents a share on sales of $1.09 billion in the quarter. Source: marketwatch.com Share This:

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