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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…

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How you feel about Trump’s economy probably depends on whether you own stocks

“If you play the stock market, then you’re far more likely to approve of what President Donald Trump has done to the economy” writes Joe Ciolli for businessinsider.com. US corporations are currently enjoying a prolonged stretch of impressive earnings growth, which has historically been the biggest driver of stock gains.The survey found that 41% of participants who own stocks think their personal economic situation has gotten better this year, while only 15% say it’s gotten worse.It’s important to note that, despite Trump’s attempts to take credit, the stock market hasn’t…

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Vantiv stock rises after Jefferies upgrades to buy

“VNTV, +1.43% rose 1.6% in Thursday morning trading after analysts at Jefferies upgraded the stock to buy from hold” writes Emily Bary for marketwatch.com. Vantiv shares are up 25% this year, compared with a 19% gain for the S&P 500 Index SPX, +0.07%. The firm’s new price target of $94 is the second highest among 30 analysts covering the stock, according to FactSet.The analysts, led by Ramsey El-Assal, are optimistic about the company’s acquisition of Worldpay and its potential to improve Vantiv’s business mix. Source: marketwatch.com Share This:

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Dow set to hit fresh record, with retail sales data in focus

“U.S. stock futures point to another record session for the Dow industrials and the S&P 500 on Thursday” reports marketwatch.com. Read this if you bought rising shares at different times — and want to avoid a tax hit.Shares of home builders have run ahead of a strong stock market, but a housing shortage could mean there’s more to come. Source: marketwatch.com Share This:

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Nucor’s stock drops after downbeat profit outlook

“NUE, -0.16% dropped 2.4% in premarket trade Thursday, after the steelmaker provided a downbeat profit outlook for the fourth quarter, citing the continued negative impacts of imports” writes Reporter Editor for marketwatch.com. The company said it expects earnings per share of 50 cents to 55 cents, excluding impacts of federal tax legislation. The stock has tacked on 3.9% year to date through Wednesday, while the SPDR Materials Select Sector ETF XLB, +0.27% has climbed 20% and the S&P 500 SPX, -0.05% has gained 19%. Source: marketwatch.com Share This:

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Micron stock rises after MKM says ‘favorable supply/demand environment’ to continue

“We believe that the continued favorable supply/demand environment will extend into 2018 and this, coupled with continued cost reduction catalysts specific to Micron, should ultimately yield multiple expansion,” he wrote” writes Emily Bary for marketwatch.com. Micron shares have gained 92% so far in 2017, while the Philadelphia Semiconductor Index SOX, -1.01% is up 36% and the S&P 500 Index SPX, -0.05% is up 19%. Source: marketwatch.com Share This:

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Valeant’s stock drops after J.P. Morgan turns bearish

“VRX, +0.82% dropped 4.3% in premarket trade Thursday, after the drug maker was downgraded at J.P. Morgan, which cited valuation and concerns over patent losses and debt levels” writes Reporter Editor for marketwatch.com. The stock has soared 92% since the company announced the divestiture of “female Viagra” on Nov. 6 and reported third-quarter results on Nov. 7.The stock price target was raised to $12, which is 46% below Wednesday’s closing price of $22.05, from $10. Valeant’s stock has run up 51.9% year to date, while the SPDR S&P Pharmaceuticals ETF…

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Disney to buy 21st Century Fox in a deal valued at $52.4 billion

“Under terms of the agreement, which has been anticipated in recent weeks, 21st Century shareholders will receive 0.2745 Disney shares for each 21st Century share they own” writes Reporter Editor for marketwatch.com. After the deal closes, 21st Century will spin off Fox Broadcasting network and stations, Fox News, Fox Business, FS1, FS2 and Big Ten Network to its shareholders.Based on Wednesday’s closing prices, that would value 21st Century shares at $29.54 each, which is 9.8% below Wednesday’s closing price of $32.75. Source: marketwatch.com Share This:

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Disney buying 21st Century Fox in a deal valued at $52.4 bln

“Under terms of the agreement, which has been anticipated in recent weeks, 21st Century shareholders will receive 0.2745 Disney shares for each 21st Century share they own” writes Reporter Editor for marketwatch.com. After the deal closes, 21st Century will spin off Fox Broadcasting network and stations, Fox News, Fox Business, FS1, FS2 and Big Ten Network to its shareholders.Based on Wednesday’s closing prices, that would value 21st Century shares at $29.54 each, which is 9.8% below Wednesday’s closing price of $32.75. Source: marketwatch.com Share This:

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