“O’Cull lowered his stock price target to $35, which is 23% below Friday’s closing price of $45.26, from $38” writes Reporter Editor for marketwatch.com. The stock has tumbled 21.2% over the past three months while the S&P 500 SPX, +1.09% has gained 3.25. Source: marketwatch.com
Read More“The surge in stocks comes as investors increasingly bet China and the U.S. will strike a trade deal in the near future” writes unknown author for cnbc.com. “Systematic trend followers that had temporarily suspended buying after the weak US retail sales print have also been compelled to follow the market by adding fresh longs.”. “It seems a ‘panic buying’ mood, with purchases by investors who had been lagging the broader market, has strengthened,” Masanari Takada, a cross-asset strategist at Nomura, said in a note Monday.Stocks could get a short-term boost…
Read More“Papa John’s investors will be disappointed in the near term as sales struggle, according to one Wall Street analyst” writes Luke Sharrett for cnbc.com. Papa John’s said Starboard CEO Jeffrey Smith will become its chairman following the fund’s investment in the form of a convertible stock purchase of 11 to 15 percent.”In order for Papa John’s to drive transactions we believe it will need to commit to an everyday low price menu that will probably hurt franchisees’ profits until consumer perception of its value changes,” O’Cull wrote. Source: cnbc.com
Read More“Perhaps more than any other president, Trump has hitched his success to that of the stock market” writes Mark Decambre for marketwatch.com. MarketWatch’s Trump Scoreboard puts both the market and the economy in perspective.He has signed into law a late-2017 corporate tax cut that delivered a fillip to U.S. stocks.President Donald Trump on Tuesday tweeted that the stock market would effectively have crashed had he lost the 2016 race for the White House, reiterating a number of similar statements he has made that have assigned credit to his administration for…
Read More“She said her downgrade comes as her research suggests daily active users (DAU) on that WW app keep contracting “in the most important period of the year.”” writes Reporter Editor for marketwatch.com. Braithwaite also cut slashed her stock price target to $25 from $37. Source: marketwatch.com
Read More“European stocks were down on Tuesday, as investors responded poorly to earnings from HSBC and BHP Group while trade negotiations between the U.S. and China continue in Washington” writes Emily Horton for marketwatch.com. The markets mainly reacted to the latest set of company earnings from heavyweights HSBC Holdings PLC HSBC, +1.01% HSBA, -3.98% HSBA, -3.98% and the world’s largest listed miner by market value BHP Group BHP, -1.03% HSBC Holdings PLC HSBC, +1.01% HSBA, -3.98% reported lower than expected fourth-quarter profits, leading to a 3% drop in the share price.Results…
Read More“AAP, +0.74% reported Tuesday a fourth-quarter profit that beat expectations, but same-store sales that came up a bit short” writes Reporter Editor for marketwatch.com. Sales rose 3.3% to $2.11 billion, matching the FactSet consensus, while same-store sales growth of 3.6% was just below expectations of a 3.4% rise. Source: marketwatch.com
Read MoreStocks Daily Review for February 19, 2019 Prem Watsa Buys 7 Stocks In 4th Quarter Fairfax CEO keeps BlackBerry and Seaspan but sees losses Stocks Eye European Data, Can S&P 500 Uptrend Pass Key Resistance? Asia stocks traded mixed as markets await potentially risk-negative European data. In its near-term uptrend, can the S&P 500 break key resistance should sentiment prevail Have a nice trading!
Read More“The last time Britain’s food supplies were seriously hit was when fuel protests prompted panic buying almost two decades ago, forcing some supermarkets to ration milk and bread and others to warn that stocks would run out in days” reports businessinsider.com. Another senior executive at a major British food retailer told Reuters they had seen no signs yet of Britons buying so-called ‘bunker lines’ – toilet paper, bottled water and tinned food. Source: businessinsider.com
Read More“Optimism surrounding U.S-China trade talks boosted indexes on Friday” reports etfdailynews.com. From Associated Press & MarketWatch : Asian markets were broadly higher on Monday as traders looked forward to the continuation of trade talks between Chinese and American officials in Washington this week.Investors were worried about progress on thorny issues like Washington’s unhappiness over Chinese technology and trade policies.Year-to-date, VPL has declined -9.77%, versus a 4.35% rise in the benchmark S&P 500 index during the same period.U.S. markets are closed Monday for Presidents Day. Source: etfdailynews.com
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