News Stocks 

Five Below downgraded as shares of the value retailer soar 125 percent over the last 12 months

“Five Below was downgraded by Credit Suisse on Friday as shares of the value retailer have skyrocketed more than 125 percent over the last 12 months” writes Lauren Thomas for cnbc.com. Five Below shares were falling about 2.5 percent in early trading Friday after Credit Suisse published its note.Credit Suisse analyst Judah Frommer lowered the rating to neutral from outperform, while still maintaining a 12-month price target on Five Below shares of $110.Industry analysts think its strategy will succeed, but trepidation has bubbled up now that the retailer’s stock has…

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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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Citi has poached a quant trading exec from Credit Suisse as Wall Street’s equity derivatives hiring binge continues

“Equity derivatives traders have become the focus of an intense Wall Street hiring battleground, with more than 40 moves at the level of vice president or higher in equity derivatives in the US this year” writes Alex Morrell for businessinsider.com. Matthias Hangst/Getty Images Citigroup has hired a quant trading and derivatives exec from Credit Suisse, the latest in the rash of equity derivatives moves across Wall Street.Jeff Berton joins Citigroup as a quant and derivatives trading exec on its markets team. Source: businessinsider.com Share This:

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News Stocks 

AT&T stock falls after Credit Suisse initiates at underperform

“T, +1.09% are down 0.6% in premarket trading after Credit Suisse analyst Douglas Mitchelson initiated coverage of the stock with an underperform rating” writes Emily Bary for marketwatch.com. Credit Suisse terminated coverage of the stock back in October. AT&T shares are down 11% over the past 12 months, while Verizon’s stock has gained 20% and the S&P 500 SPX, +0.35% has climbed 15%. Source: marketwatch.com Share This:

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News Stocks 

Baidu stock rises after KeyBanc, Credit Suisse turn bullish

“Credit Suisse analyst Thomas Chong also turned bullish on Baidu shares on Monday, upgrading the stock to outperform from neutral and citing the continued strength of the company’s news feed” writes Emily Bary for marketwatch.com. BIDU, +3.15% are up 2.6% in premarket trading after KeyBanc Capital Markets analyst Hans Chung upgraded the stock to overweight from sector weight. Source: marketwatch.com Share This:

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News Oil 

Glencore gets U.S. subpoena on compliance with money-laundering laws

“The Swiss-based commodities trader and miner said its subsidiary had received a U.S. Department of Justice subpoena requesting documents and records on compliance with the Foreign Corrupt Practices Act and U.S. money-laundering statutes” reports businessinsider.com. Washington has also been progressively adding individuals close to Venezuelan President Nicolas Maduro to its sanctions list and has weighed broader penalties to hit the OPEC country’s oil industry.Shares in Glencore, a major exporter of Nigerian and Venezuelan crude oil, dropped as much as 13 percent, their biggest one-day fall in more than two years. Source:…

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People are getting loans for their vacations and how much of your salary you may really need to save

“Here are the top personal finance stories of the day” writes Alessandra Malito for marketwatch.com. Haven’t subscribed yet to MarketWatch’s daily personal finance newsletter?. Leaders of some of the world’s largest central banks expressed alarm over growing trade tensions. Source: marketwatch.com Share This:

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News Stocks 

Credit Suisse is hiring old school traders in a surprise move as rest of Wall Street bets on robots

“It’s not that Credit Suisse isn’t making similar investments in electronic trading” writes Dakin Campbell for businessinsider.com. But under Stewart it’s betting that as active managers look to beat benchmarks and volatility picks up, clients will want to take large, concentrated positions in stock markets.”When you go back 20-30 years we would, at Goldman Sachs, have 500 people making markets in stocks, and prices in stocks, every single day,” Solomon said, according to Reuters.Tidjane Thiam, Chief Executive Officer of Credit Suisse, attends the World Economic Forum (WEF) annual meeting in…

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Markets News 

A wave of calm is about to wash over stocks, and Credit Suisse has a way to profit

“By sector, Golub says he has the greatest conviction in the technology space, a group already leading markets for the year” writes unknown author for cnbc.com. Jonathan Golub, U.S. equity strategist at Credit Suisse, expects a situation reminiscent of 2017, one of the smoothest periods of trading in Wall Street history.The tech sector is up more than 13 percent for the year and the best performer on the S&P 500.He anticipates this even as President Donald Trump lobs geopolitical curveballs at markets such as trade tariffs against some of the…

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