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Bank analyst Dick Bove says sell Goldman Sachs: ‘Legal issues are just beginning’

“Longtime bank analyst Dick Bove warned clients Thursday that Goldman Sachs’s recent troubles in Malaysia are “just the beginning” of its legal woes” writes Jin Lee for cnbc.com. If true, this will lead to meaningful changes in company operations and personnel.A frequent target of Bove’s frustrations was former Goldman CEO Lloyd Blankfein, whom the analyst often critiqued for his management during the 2008 financial crisis. Source: cnbc.com

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Stocks could rally another 11% on a U.S.-China trade resolution, says analyst

“The interaction between two or more of the factors analyzed by Dutta, however, could result in the market reaction to a successful resolution of the U.S.-China trade standoff being more muted than these numbers suggest” writes Markets Reporter for marketwatch.com. Alec Young, managing director of global markets research at FTSE Russell, for instance, argued in an email that Federal Reserve actions and the outcome of trade negotiations shouldn’t be analyzed in isolation. “A superior trade deal might make the Fed more hawkish, which could stall stocks,” he wrote.However, the S&P…

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Altria’s stock jumps toward 2-month high after Wells Fargo’s bullish call post CAGNY

“The stock closed at $51.40 on Dec. 19, just before Altria announced is Juul investment, then fell to a more than 5-year low of $43.33 on Jan. 24” writes Reporter Editor for marketwatch.com. Since then, the stock has soared 17%. in comparison, the SPDR Consumer Staple Select Sector ETF XLP, -0.07% has advanced 5.2% since Jan. 24 and the Dow Jones Industrial Average DJIA, +0.08% has gained 5.7%. Source: marketwatch.com

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There’s a pizza price war going on, and Papa John’s is likely to be the big loser, Stifel says

“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

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Get used to wild swings for this stock market, and thank the Fed for that, says analyst

“Our call of the day, from Seema Shah, global investment strategist at Principal Global Investors, is less sanguine” writes Markets Reporter for marketwatch.com. A big data dump awaits, on the heels of that dismal retail sales data.Or, if the Fed was simply propping up markets, renewed fears of inflation and rising interest rates are likely.Shah worries that the market has swung from “excessively pessimistic to excessively optimistic,” and may be underestimating coming headwinds from a global slowdown.Investors have been haunted by three big themes this week: trade talks, U.S. politics…

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Ford CFO’s retirement would bring more uncertainty at ‘tough’ time: analyst

“F, +1.60% Chief Financial Officer Bob Shanks would “only bring more uncertainty to Ford in a tough operating environment,” analyst Chris McNally at Evercore ISI said in a note Friday” writes Claudia Assis for marketwatch.com. The retirement of Ford Motor Co.CNBC reported Thursday that Shanks was readying his retirement, which would be announced in the second half of the year.”If (Chief Executive) Jim Hackett is the ‘visionary,’ Bob has his nose to the grindstone,” the analyst said. Source: marketwatch.com

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One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally

“Don’t simply chase this stock because of FOMO [fear of missing out]” writes Keris Lahiff for cnbc.com. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out of this bearish channel earlier this year.Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now. Source: cnbc.com

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Deere downgraded as trade talk deadline nears: ‘Soybean tariffs need to disappear’

“The “soybean tariffs need to disappear,” the analyst wrote” writes Daniel Acker for cnbc.com. Soybean stocks to use have jumped to 22.2 percent, “materially above” above long-term averages, the analyst wrote.”In reality, Deere is as embroiled to the U.S.-China trade war as any company we follow due to China’s retaliatory tariffs on U.S. soybeans.”. As one of the world’s largest manufacturers of farming machinery, Deere could take a hit if U.S.-China trade negotiations don’t improve. Source: cnbc.com

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Bed Bath & Beyond downgraded to sell from hold by Loop Capital on ‘unrealistic’ guidance

“Bed Bath & Beyond Inc. stock BBBY, -0.19% was downgraded to sell from hold by Loop Capital on Monday with analysts saying its recent rise is unwarranted as guidance provided for fiscal 2019 is “unrealistic”” writes Ciara Linnane for marketwatch.com. Bed Bath & Beyond stock has gained 26% since the guidance was first offered, far outpacing the broader market indices.The stock was flat Monday, but has gained 36% in the last 12 months, while the S&P 500 SPX, +0.10% has gained 3.5%.Analyst Anthony Chukumba said management’s poor record of meeting…

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