Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The projected result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
A Beijing decision to rapidly and sharply cut its excessive and unsustainable trade surplus with the U.S. would change for the better the bilateral relationship, writes...World Economyread more
Former Apple CEO John Sculley says this skill is vital to all great business leadership.Successread more
The U.S. and Japan will likely reach a trade settlement in the next six to nine months that will "give each side something to claim credit for," says Glen Fukushima, former...World Economyread more
Bitcoin surged more than 9% from the day before to hit its highest level in more than a year.Technologyread more
Stocks in Asia were mixed Monday morning as investors watched for developments from U.S. President Donald Trump's state visit to Japan as well as results from the European...Asia Marketsread more
Sources say the talks have picked up speed in recent days and could lead to an announcement regarding a merger or partnership by Monday.Autosread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Book income helped self-proclaimed socialist Bernie Sanders join the millionaire class, a group he has often criticized during his decades in politics.Politicsread more
Exit polls showed National Rally, a re-branding of Le Pen's National Front, beating Macron's party by just one seat.Europe Politicsread more
Here are the biggest calls on Wall Street on Monday.
"Tesla is expected to report 1Q19 deliveries in early April... We revise down our total unit forecast by ~10% owing to meager demand and some M3 delivery issues abroad... We also incorporated lower pricing (and hence margins) on a go forward basis. Our PT moves to $210, reiterate Underperform... "
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J.P. Morgan was impressed with the new company's array of businesses.
"We are initiating coverage of FOX Corporation with an Overweight rating and a December 2019 price target of $46... FOXA has an impressive mix of businesses, including strong cable channels driven by live news and sports, as well as a major broadcast network with a leading local TV footprint... We believe FOXA shares will maintain a premium valuation over the average in our large-cap media universe due to its higher growth profile, implying notable upside to shares from the current level... "
"Adding ORLY to the JPM Analyst Focus List given favorable three consecutive season setup... We are adding ORLY to the JPM Analyst Focus List as growth idea as we believe ORLY is likely to regain the best comp crown in the group after yielding it to AAP in 2H18... Specific to our analysis, on geographically-weighted basis, after a favorable temperature (-3.6 degrees) and snowfall experience (+143 inches across its footprint) in 2018, ORLY ranked first in terms of summer temperature YOY (+1.6 degrees)... Moreover, the 2019 winter saw temperatures only modestly higher (+0.8 degrees, similar to peers) with snow actually up YOY (+129 inches across markets)... "
Susquehanna said the athletic-inspired fashion retailer issued impressive an impressive earnings report.
"Better than expected SSS, operating margin, inventory levels, FY20 outlook, and indications that the City Gear acquisition was a very good idea are proving out have led us to upgrade the stock... Further, strong relationships with major vendors, and initiatives to jumpstart B&M sales are evident... We are raising our FY20/FY21 EPS estimates from $1.76/$1.93 to $1.93/$2.25, and increasing our PT [on HIBB] from $20 to $27... "
Wedbush said Signature is one of the better positioned banks to benefit from lower rates.
"We are adding Signature Bank to the Best Ideas List as we believe it is one of the best positioned banks to benefit from the Fed having become more dovish than the market anticipated in its most recent FOMC meeting last week. Furthermore, Trump's nomination of Stephen Moore on Friday to the Fed board could tilt the board to be even more dovish given Moore has publicly criticized Fed chairman Powell's interest rate policy as being too tight. Fed fund futures are now predicting a 58% probability of a rate cut by year-end 2019... "
Bernstein is nervous about the set-up into the second half and believes both semiconductor companies are more expensive than others in its coverage universe.
"Overall we are growing increasingly nervous about the set-up for the industry into the 2H (with inventories remaining elevated, expectations higher, and valuations less favorable).. Consequently, after the recent run we are taking the opportunity to move to the sidelines on TXN and ADI (more broadly exposed, and more expensive, in our coverage)... We wouldn't talk anyone out of owning either for the long term (and we remain positively biased on the quality of the business franchises and execution) but given the broader set-up we might prefer to put new money to work in other parts of the space with more valuation support.... "