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Zara owner Inditex disappoints with weakest profits for five years

“In local currencies profits rose by 12pc, highlighting the impact of the euro” writes Tim Wallace for telegraph.co.uk. The Spanish retail giant missed analyst forecasts after a strong euro dragged its profits lower when translating sales from outside Europe.Inditex, the world’s largest fashion retailer, posted a 2pc rise in annual profits to €3.4bn but they fell short of analyst forecasts following a tough fourth quarter. The company, which has 7,490 shops around the world and includes brands Massimo Dutti, Uterque and Pull&Bear, grew like-for-like sales by 3pc in the… Source: telegraph.co.uk

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CNN moves Sarah Isgur to political analysis after fierce backlash

“Former Justice Department spokeswoman Sarah Isgur will be brought on by CNN as a political analyst after originally being hired as part of the company’s editorial team” reports washingtonexaminer.com. Isgur announced Friday on Twitter that her role had been switched from politics editor to political analyst.Isgur, a Republican operative who served as the deputy campaign manager of Carly Fiorina’s 2016 presidential campaign, was hired by CNN as a politics editor in the lead-up to the 2020 presidential election cycle.”We can confirm that when Sarah came to us and proposed her…

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Ex-Army intelligence analyst Manning jailed for defying grand jury subpoena

“(Reuters) – Former U.S. Army intelligence analyst Chelsea Manning was taken to jail on Friday after a federal judge in Alexandria, Virginia, held her in contempt for refusing to testify before a federal grand jury, representatives for Manning and the U.S. Justice Department confirmed” writes Midwest Communications Inc for 95kqds.com. Manning’s communications team released a statement saying the judge said she will be detained until she either cooperates or the grand jury finishes its term.A document that prosecutors say was filed in federal court last year by mistake appeared to…

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Cannabis producer Tilray falls short of its rivals in a few key areas, analyst says

“The cannabis producer Tilray is falling short of major rivals in several key areas, according to a bearish initiation report by Jefferies analyst Owen Bennett” writes Finanzen Net Gmbh for businessinsider.com. It was trading at 19 times 2020 sales, according to Bloomberg data, a premium to rivals Aurora and Canopy.He gave the stock an “underperform” rating and $61 price target — more than 10% below where shares were trading Friday. Source: businessinsider.com

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Eventbrite stock plunges 30%, on track for worst day as a public company after ‘execution hurdles’

“Eventbrite Inc. shares were on track for their worst day on record Friday morning, after the ticketing company delivered a far weaker-than-expected forecast in conjunction with its second-ever quarterly report” writes Emily Bary for marketwatch.com. Goldman Sachs analyst Heath Terry also cited the lack of visibility around the migration in lowering his price target to $22 from $30.He argued that the stock looks fairly valued trading at more than six times 2019 estimates for enterprise value to sales.He rates the stock at hold and lowered his price target to $28…

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GE’s stock tumbles again after downbeat cash flow outlook and analyst call

“GE, -3.44% tumbled 6.8% in premarket trade Wednesday, to extend the previous session’s 4.7% selloff following a downbeat cash flow outlook for the year” writes Reporter Editor for marketwatch.com. He reiterated his neutral rating and stock price target of $6, which is 39% below Tuesday’s closing price, but Tusa said is starting to look “generous.”. The stock has plunged 29.7% over the past 12 months, while the Dow Jones Industrial Average DJIA, -0.04% has gained 3.7%.CFRA analyst Jim Corridore said while he’s not surprised by the negative cash flow outlook…

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Micron’s stock sinks again to pace chip losers as DRAM, NAND pricing concerns continue

“MU, -5.45% sank 5.1% in morning trade Wednesday, to pace the chip sector’s decliners, as they extended the previous session’s selloff which follow a downbeat analyst outlook for memory chip pricing” writes Reporter Editor for marketwatch.com. On Tuesday, Micron’s stock fell 2.6%, after Susquehanna analyst Mehdi Hosseini said his research indicated that DRAM and NAND pricing in the first half of 2019 were “tracking below prior expectations.”. Micron’s stock has run up 19% year to date and the SOX has rallied 16%, while the S&P 500 SPX, -0.15% has advanced…

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Salesforce earnings show investors have software ‘fatigue,’ says analyst

“At least 15 analysts upped their price targets on Salesforce shares after the report, according to FactSet” writes Emily Bary for marketwatch.com. The reaction to Salesforce.com Inc.’s latest earnings report could be a sign of what’s to come when other software companies deliver their results for the most recent quarters.There are 44 analysts in total who track the company, per FactSet’s count. Source: marketwatch.com

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Cathay Pacific in talks to buy stake in HNA’s HK Express Airways

“HONG KONG/SINGAPORE (Reuters) – Hong Kong flagship carrier Cathay Pacific Airways Ltd said on Tuesday it is in “active discussions” about an acquisition involving budget airline Hong Kong Express Airways Ltd, although an agreement has yet to be reached” writes Midwest Communications Inc for 95kqds.com. Cathay has faced repeated questions from investors over the last few years about its failure to set up a budget carrier. Source: 95kqds.com

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Logos are the downfall of some of the most iconic preppy clothing brands, analyst says

“Flashy logos are back in fashion but preppy brands should beware, according to one retail analyst” writes Finanzen Net Gmbh for businessinsider.com. “While Gap started the fashion trend for the US preppy style casual brands, others, such as Abercrombie & Fitch … have since taken over as the latest must-have logo brand.One of Abercrombie’s former CEO’s, Mike Jeffries, initiated a move to ditch the brand’s signature logo from clothing in 2014, but it eventually crept back in.But other logo-heavy brands should take heed of these examples and realize that a…

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