Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Here are the biggest calls on Wall Street on Thursday:
MKM said the business messaging service's value proposition was "compelling" in its initiation.
"Slack has evolved into a central repository of information around key corporate workflows such as sales, customer service, hiring and recruiting, accounting and expense management, employee benefits and payroll, and many other functions core to any organization. As more organizations digitize workflows, Slack's value proposition becomes even more compelling as a means to connect employees, applications, and data."
Stifel said in its upgrade note that it would "take advantage" of the pullback in shares of the e-commerce retailer.
"Since Etsy reported second quarter results in early August, shares have declined by ~20% (versus the S&P down 1%). While GMS exceeded expectations in the quarter, revenue came in slightly below estimates due to lower-than-expected seller services revenue. Also, more short-term-oriented momentum investors may have exited positions as the company comps its price increases beginning in 3Q:19. We think concerns are transitory and would take advantage of the pullback in this emerging leader in 3P eCommerce."
Stifel said a recent 12 percent drop has resulted in an attractive entry point for the online home furnishings retailer.
"Wayfair shares have declined by ~12% (versus the S&P 500 down 2%) following the reporting of 2Q:19 results and the closing of an $825 million, 1% convertible debt offering. The shares are now at a compelling entry point and we upgrade our rating to Buy and retain our $150 12- month price target."
WellsFargo says the possibilities of a recession will have an "outsized" negative impact for the homebuilder.
"Importantly, we believe the current equity market volatility and fears of a potential recession will have an outsized negative impact on TOL's highly discretionary customer base relative to the more 'needs' based entry-level buyer. For the TOL story to work, we believe the CA narrative must inflect."
Baird said Wyndham's valuation was "attractive" in its initiation note.
"Our positive view is driven by attractive relative valuation versus other global hotel brands and Wyndham's asset-light, high cash-flow-generating business model, which we view favorably in today's slower-growth and low interest rate environment. The pullback in the stock price provides an attractive entry point for longer-term-focused investors; we believe sentiment and valuation, which are being negatively impacted by weaker-than-expected performance within CorePoint's portfolio, will rebound over time."
Citi said Target will continue to prove that it is a winner in the retail landscape.
"As painful as it is to upgrade a stock after such a move, we want to catch the next 20%, which we believe will be achieved as the company continues to prove to the market that it is a winner in this retail landscape. TGT is demonstrating their investments (which once seemed never-ending) are paying off as comps have been strong, including positive store traffic (rare in retail these days)."