Investing

Needham downgraded Lululemon stock on Monday to hold from buy, saying the athletic apparel maker faces tough year-over-year sales growth comparisons. “We think [long-term] drivers remain intact (international, e-commerce, and men’s) and 1Q18 should be good on a strong start to the year and easy comparisons,” analyst Rick Patel said in a note to clients.
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TSMC is the world’s largest semiconductor foundry company, manufacturing chips for leading technology firms including Apple and Nvidia. Morgan Stanley said Apple’s iPhone was a big reason for TSMC’s poor guidance. “Smartphone semi weakness [is] the main reason for the revenue shortfall,” analyst Charlie Chan wrote in a note to clients Thursday. “Beside the order
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High-testosterone managers “trade more frequently, have a stronger preference for lottery-like stocks and are more likely to succumb to the disposition effect,” the report said, referring to the tendency of investors to sell assets at higher prices and holding onto those that have dropped in value. The researchers also found that hedge-fund investors — specifically,
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IBM slumped more than 7.5 percent Wednesday, making for the stock’s worst day since April 2013, as analysts and investors balked at lower-than-expected adjusted margins. The tech company announced better-than-expected earnings and revenue Tuesday. But IBM reported margins that, exempting one-time boosts from workforce restructuring and changes to the U.S. tax code, were mostly flat
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Zuckerberg’s testimony “raised investor concerns about the potential for government regulation of the use of consumer data,” he wrote. “The Zuckerberg hearing revealed to many government officials the scale of personal data that FB users had agreed to allow the firm to gather, raising regulatory risks. “ In addition to the regulatory challenges, Facebook and
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Check out the companies making headlines before the bell: Bank of America – The bank reported quarterly profit of 62 cents per share, 3 cents a share above estimates, with revenue also above forecasts. The bank’s results were helped by improved loan growth and deposits, among other factors. WPP Group – WPP founder and Chief
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One Wall Street analyst expects the report will impact the airline’s financial results this year. “We found little in the way of incrementally negative data points concerning Allegiant’s operational challenges over the past few years on last night’s 60 Minutes,” Stifel analyst Joseph DeNardi wrote in a note to clients Monday. “The bottom line is
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J.P. Morgan Chase‘s “remarkable” earnings beat shows the U.S. economy is “on fire,” CNBC’s Jim Cramer said Friday. “It was a fantastic quarter” for J.P. Morgan, Cramer said on “Squawk on the Street.” “We never thought these numbers could happen.” J.P. Morgan on Friday reported first-quarter earnings of $2.37 per share, 9 cents above the
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Craft coffee competition and questionable customer loyalty are likely to hamper Starbucks sales over the next two years, according to one Wall Street analyst. “We find competitive growth critical to monitor, as we believe this is largely responsible for Starbucks’ deteriorating beverage same-store sales,” wrote Cowen analyst Andrew Charles, who downgraded the coffee company to
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