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Fintech Focus For July 15, 2020
Wednesday, July 15, 2020 - 7:56am | 1654Read More...Daily Perspective: I don’t think anybody should leave any bank earnings call this quarter simply feeling like the worst is absolutely behind us and it’s a rosy path ahead. - Michael Corbat Fintech Movers: The disrupted circulation of physical currency has even led to a national coin...
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Will The Fed's $1.5 Trillion Emergency Stimulus Actually Help?
Friday, March 13, 2020 - 2:30pm | 714Read More...The Federal Reserve announced Thursday a new program to provide up to $1.5 trillion in short-term loans to support financial market liquidity. Stocks initially traded higher on Friday following the news, but experts are mixed on whether or not the Fed is doing enough. Trump Lashes Out The Fed...
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Citi Turns Bullish On Deckers Outdoor, Highlights Strength Of Hoka Brand
Friday, January 24, 2020 - 3:26pm | 263Read More...Citi analysts turned bullish on Deckers Outdoor Corp (NYSE: DECK) stock as its Hoka brand is underappreciated. The Analyst Paul Lejuez upgraded Deckers Outdoor from Neutral to Buy with a price target lifted from $180 to $230. The Thesis Shoe company Deckers might be best known for its UGG brand,...
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Netflix Analyst Downgrades Stock, Says Streaming Service Lacks Operating Leverage
Tuesday, December 3, 2019 - 10:32am | 434Read More...Netflix Inc (NASDAQ: NFLX) has done an exceptional job gaining streaming market share among cord-cutters, but one analyst downgraded the stock on Tuesday and said shares are overvalued given Netflix’s lack of pricing leverage. The Analyst Citi analyst Jason Bazinet downgraded Netflix from Buy...
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Analyst On PG&E Stakeholders: 'Someone Needs To Compromise'
Tuesday, November 5, 2019 - 1:55pm | 429Read More...California Gov. Gavin Newsom on Nov. 1 stated if utility company PG&E Corporation (NYSE: PCG) is unable to "secure its own fate and future," then the state will "do the job for them" in the wake of wildfires. What Happened PG&E has until June 2020 to resolve its...
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Analysts Stay Bearish On Western Union Despite New 52-Week Highs
Friday, November 1, 2019 - 2:00pm | 557Read More...The Western Union Company (NYSE: WU) reported third-quarter results, which sent the stock to a new 52-week high. The Analysts Morgan Stanley analyst James Faucette maintains at Underweight with a $20 price target. Citi analyst Ashwin Shirvaikar maintains at Sell, unchanged $20.50. Bank of America...
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Analyst: Wildfires Raise Chance Of PG&E Shares Falling To Zero
Friday, October 25, 2019 - 10:36am | 594Read More...PG&E Corporation (NYSE: PCG) is once again in the spotlight after the Kincade Fire in Sonoma County, California ignited Wednesday. It is estimated to have burned through 16,000 acres. What Happened A PG&E power transmission tower broke near the origin point of the fire...
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Citi Steps To Sidelines On Adobe
Wednesday, October 16, 2019 - 10:57am | 422Read More...As of Tuesday, Adobe Inc (NASDAQ: ADBE) stock is up 24.4% year-to-date — five points ahead of market indices. But its run isn’t enough for one former bull. The Analyst Citi analyst Walter Pritchard downgraded Adobe from Buy to Neutral and cut the price target from $322 to $313...
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'Meaningful First-Mover Advantage': SmileDirectClub Analysts Sound Optimistic Note After Rough First Month
Monday, October 7, 2019 - 11:18am | 801Read More...SmileDirectClub Inc (NASDAQ: SDC)'s momentum failed to hold up after its September debut on the Nasdaq. The shares were initially priced at $23 a piece, opened at $20.55 and fell below $13 last week. A flood of analyst initiations Monday suggest there’s still hope for the...
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Morgan Stanley: GE's Core Strengths Offset By 'Opaque Potential Cash Needs'
Thursday, September 5, 2019 - 9:37am | 468Read More...A busy week for General Electric Co (NYSE: GE) continued on Thursday when yet another analyst weighed in on the beaten-down industrial giant. The Analyst Morgan Stanley analyst Joshua Pokrzywinski initiated coverage of GE with an Equal-Weight rating and $10 price target. The Thesis Pokrzywinski...
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T-REX Scales Across Alternative Financial Markets With Funding Led By Citi, Others
Wednesday, September 4, 2019 - 12:37pm | 229Read More...T-REX, a fintech company that facilitates growth in complex sources of wealth, on Wednesday announced a new funding round led by Citi, Westley Group, Viola Fintech, innogy and Macquarie Capital. The funding is expected to accelerate expansion of T-REX’s data management and analytics platform...
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Citi: General Electric's Recovery 'Could Be More Significant' Than Investors Realize
Wednesday, September 4, 2019 - 12:25pm | 584Read More...General Electric Company (NYSE: GE) shares traded higher by another 4.5% on Wednesday after yet another analyst had good things to say about the stock. Citi analyst Andrew Kaplowitz reiterated his Buy rating for GE. The Thesis After meeting with General Electric CEO Larry Culp, Kaplowitz said he is...
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Citi Turns Bullish On Jabil, Says Customer Risk Concentration 'Played Out'
Thursday, August 29, 2019 - 5:18pm | 484Read More...The bearish case for electronic and optical manufacturing solutions company Jabil Inc (NYSE: JBL) can no longer be justified, as a notable headwind has "played out," according to Citi. The Analyst Jim Suva upgraded Jabil from Sell to Buy with a price target lifted from $27 to $36. Suva...
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Citi: Micron Cons Outweigh The Pros At This Point
Tuesday, August 13, 2019 - 7:35am | 387Read More...There are plenty of pros and cons to buying Micron Technology, Inc. (NASDAQ: MU) shares down 17.8% from where they were a year ago. Unfortunately for Micron investors, one analyst said Monday the cons still outway the pros at this point. The Analyst Citi analyst Christopher Danely reiterated his...
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Citi Upgrades Mercadolibre As Shares Soar Following Q2 Earnings
Thursday, August 8, 2019 - 3:15pm | 347Read More...Mercadolibre Inc (NASDAQ: MELI) shares are soaring after reporting a second-quarter earnings beat. MercadoLibre reported quarterly earnings of 31 cents per share, which beat the analyst consensus estimate of 25 cents. The company reported quarterly sales of $545.242 million, which beat the analyst...
