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Analysts Forecast 10% Gains Ahead For The Holdings of VB

“For the Vanguard Small-Cap ETF (Symbol: VB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $176.35 per unit” writes Bnk Invest for nasdaq.com. Although RUBY has traded at a recent price of $10.95/share, the average analyst target is 117.65% higher at $23.83/share.With VB trading at a recent price near $160.00 per unit, that means that analysts see 10.22% upside for this ETF looking through to the average analyst targets of the underlying holdings.A high price target relative to a stock’s trading…

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Cisco earnings: Fears of a tech-spending slowdown face one of their biggest tests

“Nonetheless, he maintained an outperform rating and price target of $60 on Cisco shares, 23% above its closing price on Friday” writes Senior Reporter for marketwatch.com. In the same quarter a year ago, Cisco reported adjusted earnings of 75 cents a share, with GAAP earnings of 77 cents a share.Several analysts think Cisco will say that tech spending is in trouble when it reports fiscal first-quarter results on Wednesday.A disappointing forecast in August, hinting at weakness in China and corporate tech-spending, knocked Cisco Systems Inc. shares down.Stock movement: Cisco stock…

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Victoria’s Secret parent L Brands downgraded as promotional discounts weigh

“Deutsche Bank took a closer look at promotions across retail noting that analysts saw fewer discounts year-over-year at Target Corp” writes Tonya Garcia for marketwatch.com. LB, -1.27% was downgraded to hold from buy at Deutsche Bank with analysts citing high promotional levels at Victoria’s Secret and an increased number of promotions at beauty retailer Bath & Body Works. Source: marketwatch.com

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5 Dividend Aristocrats Where Analysts See Capital Gains

“Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments” writes Bnk Invest for nasdaq.com. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks…

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China factory prices falter, while inflation soars to near eight-year high

“October’s consumer price index (CPI) rose 3.8% year-on-year, the most since January 2012 and beating analysts’ expectations for 3.3% rate” writes Midwest Communications Inc for 95kqds.com. Some analysts say the CPI rise could become a concern for policymakers looking to introduce measures to prop up demand. Source: 95kqds.com

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Google’s embrace of search ads crushes online travel agents

“That wiped out a combined market value of more than $13 billion from the three online travel agents Thursday” writes Bloomberg Delivers Business for latimes.com. But Google’s search engine is so pervasive that online travel agents have to keep buying ads from the company to keep traffic coming to their sites.The online travel industry has been concerned about Google’s changes since at least 2016.Google’s moves to cram the top of its search results with more and more advertising is hammering the online travel industry, one of the internet giant’s biggest…

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Facebook, Alphabet are the most likely tech giants to face antitrust action next year, Cowen says

“Before the 2020 election, Cowen thinks there is a 75% chance Google will face antitrust action by either the DOJ or the state attorneys general and a 60% chance Facebook does” writes Thomas Franck for cnbc.com. While Apple, Amazon, Facebook and Google-parent Alphabet face significant antitrust risk before and after the 2020 election, the latter two are the most exposed to accusations of innovation-stifling and anti-competitive practices, according to Cowen. Source: cnbc.com

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Sarepta’s Earnings Show Promise, Analysts Say, but the Stock Is Flat

“The company reported earnings after the market closed on Thursday” writes Josh Nathan-kazis for nasdaq.com. The company highlighted its continuing gene therapy programs, including one for Limb-girdle muscular dystrophy diseases. “SRPT’s multiple gene therapy programs are making incremental steps toward commercialization,” wrote SVB Leerink’s Joseph Schwartz.Earnings at the biotech firm fell short of expectations in the third quarter of the fiscal year, but sales of a key drug, Exondys, were in line with Wall Street estimates.Earnings at the biotech firm Sarepta Therapeutics fell short of expectations in the third quarter…

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Dropbox Q3: revenue of $428.2M, up 19% YoY, net loss of $17M, up from $5.8M YoY, 14M paid users, avg revenue per paying user of $123.15, up from $118.60 YoY

“The company had about 14 million paying users in the third quarter, above the FactSet consensus estimate of 13.89 million” writes Jordan Novet for cnbc.com. Deferred revenue came in at $541.1 million.On October 22 Nomura Instinet analysts led by Christopher Eberle raised their rating on Dropbox to buy from neutral. Source: cnbc.com

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Planet Fitness stock jumps on outlook, sales beat

“PLNT, +1.90% rose 6.9% in after-hours trading after the company beat analysts’ sales projections and raised its outlook for the year” writes Kimberly Chin for marketwatch.com. The company also raised its sales and adjusted earnings growth targets for fiscal 2019.Same-store sales rose 7.9%, which was also ahead of analysts’ estimates of 7.2% growth.The fitness-center operator reported sales of $166.8 million for the fiscal third quarter, topping analysts’ estimates of $162.3 million, according to a FactSet poll.Meanwhile, adjusted earnings were in line with analysts’ estimates. Source: marketwatch.com

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