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Amazon’s innovative voice recognition Alexa device will boost the company’s financial results, according to one Wall Street firm. RBC Capital Markets reaffirmed its outperform rating for the e-commerce giant, citing the firm’s positive consumer survey results for the Alexa product. “Following our third annual Alexa survey, we are more impressed with the traction of these
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After the decline in the FANG stocks on Tuesday, CNBC’s Jim Cramer issued a warning to investors who own the technology-laden group. “I just wanted to get in front of tomorrow’s storyline,” the “Mad Money” host said. “You better believe the obituary’s being written once again right now, this time with the death notice containing
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In light of Campbell Soup’s purchase of snack brand Snyder’s-Lance and Hershey’s deal to buy the parent company of SkinnyPop, CNBC’s Jim Cramer wanted to revisit the food space. The unexpected strength is “not just [in] the pantry,” the “Mad Money” host said. “This miraculous supermarket strength extends even to other parts of the frozen
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Fitbit won’t be profitable and will continue to burn through cash next year, Stifel said as it downgraded the company’s stock to a sell rating. The company that once ignited a boom in fitness trackers hasn’t innovated enough to keep consumers interested, Stifel wrote. Plus, it said Fitbit hasn’t unlocked any meaningful business in the
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Foot Locker shares could rocket higher next year as footwear trends bottom in 2017, according to Canaccord Genuity, which upgraded the stock to buy from hold. Calling the retailer’s relationship with Nike “strong and symbiotic,” analyst Camilo Lyon told clients that footwear trends are set to improve with sustained growth in athletic options. “It was
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