U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The office has long been a breeding ground for budding romances. But actively going into business with your other half is another thing entirely.Successread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Here are the biggest calls on Wall Street on Wednesday:
Bernstein said the file hosting service would face competitive "headwinds" in its initiation of the stock.
"We believe DBX is facing accelerating competitive headwinds from major cloud vendors in both the consumer & business markets for file storage & sharing, in addition to new regulatory headwinds (e.g., GDPR) which also incrementally benefit the mega-scale cloud vendors. "
Atlantic Equities said it sees the game maker with "double digit earnings per share growth" over the next few years.
"We are upgrading EA to Overweight - the shares have traded sideways since we turned Neutral in October but the company looks on track to generate double digit EPS growth for the next couple of years. With estimates reset, margin expansion should drive near term beats and FIFA remains one of the best vehicles to generate long-term growth in gaming. "
Macquarie said recent data showed "momentum" in the company's portfolio.
"We raise our PT to $460, a 135%premium to the SP500, based on our estimates for 15% and 24% average annual sales and EPS growth over the next three years. SAM is the only public company that generates a high % of sales in hard seltzer (about 30%), which is growing over 100% and which we expect will continue to take share from mainstream beer due to its low-cal profile and adaptability to many flavors. "
Bank of America double upgraded the stock after the company's earnings and said it saw a "greater" potential for sales and earnings acceleration amongst other things. WW is the company formerly known as Weight Watchers.
"After a tumultuous year, we are upgrading WW to Buy from Underperform and raising our price target to $27 from $25. End-of-period subscribers have stabilized, +1.5% y/y in Q2, and with plans for increased marketing support in what is a typically quieter part of the season (summer/fall), an upcoming innovation for the 2019/20 peak diet season, better communication of the 'new WW' and margin flexibility, we see greater potential for sales and earnings acceleration, which we believe could drive a material re-rating in shares. "
Argus said in its upgrade that it likes the company's "strong" franchise program and "established" brands.
"We expect higher comps and accelerated store openings at Dunkin' Donuts U.S. to be driven by a range of factors,
including drive-thru lines dedicated to mobile orders, brighter interior designs, espresso machines, digital order boards, and a tap system serving coffee, iced tea and cold brew. "