Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread 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)."