Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
The president also said he "offered to personally vouch" for Rocky's bail. Sweden, however, does not have a bail system.Politicsread more
CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial...Fast Moneyread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Here are the biggest calls on Wall Street on Thursday:
Goldman Sachs said that it looks for "outperforming comps and operating income growth" in its new coverage of retail stocks.
"In our view, operating income dollar growth, market share growth, and defensiveness are key criteria for the sector in light of the current macroeconomic backdrop. We note the big box retailers are best positioned based on these metrics over the next year...Recommend to Buy: TGT, BJ, COST, HD, LOW, EYE, ORLY, TSCO, WMT and WSM. "
Read more about this call here.
Wedbush upgraded the maker of casual wear mainly on valuation.
"With Abercrombie & Fitch Co's valuation now reset, as shares currently trade at a 66% discount to the company's 5-year historical PE and proprietary data inflects positively, we are upgrading our rating on shares to NEUTRAL, and issuing a POSITIVE data signal. "
J.P. Morgan said in its upgrade note that the company's subscriber trends have "stabilized."
"We are upgrading shares of WW from underweight to neutral and raising our price target to $22 as we believe that subscriber trends have stabilized, which is supportive of the company's ability to reach 2019 guidance. "
Jefferies said the game maker is in a "soft spot" due to the timing of the company's next big release.
"Despite the undeniable success of Grand Theft Auto & RDR and the long-tail revenue contribution, we believe TTWO is now in a 'soft spot' when considering the timing of the next major release. "
Cowen said in new coverage of the stock that Microsoft can deliver $100B of revenue by 2025.
"We believe MSFT has positioned itself in the right secular growth markets to deliver an incremental $100BN of revenue by FY25, driving consistent double digit earnings growth in FY20-FY25. We expect MSFT's Commercial Cloud, including both Office 365 Commercial and Azure, to be the primary driver of growth going forward. "
Citi said in its downgrade that it prefers packagers over paper companies and that it sees further "price erosion" for IP.
"However prices for most of IP's major Pulp & Paper products are falling, and we think the risk of further price erosion & negative earnings revisions may limit share price upside into year-end. Accordingly, with our updated estimates our target price moves to $45 and we move to Neutral. "
Bank of America said Snap is seeing "improving" user trends.
"We raise our PO to $17 based on a higher 10x 2020e EV/Sales to reflect improving user trends and higher growth expectations."
Read more about this call here.
Bank of America said downgraded the regional bank and said shares will "lag" as the Fed cuts rates.
"The thesis is simple: CMA is the most short-rate sensitive stock in our universe, and we believe shares will continue to lag peers as the Fed cuts rates. Rising rates, as opposed to balance sheet growth, drove 97% of CMA's net interest income growth since the Fed began tightening in 3Q15. "
Credit Suisse said the insurer's margins are under pressure due to weather and competition.
"Record levels of precipitation combined with heightened price competition within personal lines insurance mean core home/auto margins are under more pressure...Insurers most levered to homeowners' insurance are Allstate, which we are downgrading to Underperform, followed by TRV, CINF, HIG and CB. "