Kevin Plank, CEO, Under Armour Here are the biggest calls on Wall Street on Friday: J.P. Morgan upgraded Under Armour to ‘overweight’ from ‘neutral’ J.P. Morgan upgraded the stock after positive meetings with management. “We hosted HQ meetings in Baltimore with CEO Kevin Plank, COO/President Patrik Frisk, CFO David Bergman and Chief Digital Officer Paul
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Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018. Jason Lee | Reuters Nomura Instinet lowered its price target on Apple shares to $175 from $180 on Friday, citing a coming “trade strain” on the company’s earnings. “The renewal
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Tradeweb Markets Inc.: “That’s a very smart company … I’ve gotta tell you it’s got these big bank stakes. They’re all behind it. It’s gonna work.” Amgen Inc.: “I don’t know. It’s got a yield. You probably want more than that.” Palo Alto Networks Inc.: “Charitable trust owns it. We’re staying in it. Buy it.”
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Chipmaker Nvidia saw shares rise as much as 7% and then scale back on Thursday after it reported better-than-expected earnings for the first quarter of fiscal 2020. Here are the key numbers: Earnings: 88 cents per share, excluding certain items, vs. 81 cents per share as expected by analysts, according to Refinitiv. Revenue: $2.22 billion,
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Pinterest CEO Ben Silbermann speaks in conversation with Matthew Lynley of TechCrunch during the TechCrunch Disrupt SF 2017 on September 18, 2017 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Pinterest plunged as much as 19% after releasing its first quarterly earnings report as a public company after the markets
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Online fashion house Farfetch’s CEO Jose Neves and members of the company’s leadership team ring the opening bell to celebrate their IPO at the New York Stock Exchange in New York, September 21, 2018. Brendan McDermid | Reuters Check out the companies making headlines midday Thursday: Citigroup, J.P. Morgan Chase, Bank of America — Bank
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Cisco CEO Chuck Robbins speaks during the opening ceremony of the 4th World Internet Conference in Wuzhen in China’s eastern Zhejiang province on December 3, 2017. – | AFP | Getty Images Cisco shares rose more than 6% Thursday after the networking company beat estimates on earnings and revenue and delivered strong revenue guidance for the
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Walmart on Thursday reported fiscal first-quarter earnings that topped analysts’ expectations despite a recent string of investments weighing on margins. The world’s largest retailer said the results put it in a “good position” to achieve its full-year goals, even though it will face tougher comparisons during the second quarter because of weather-related benefits it reaped
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PARIS — Solving the question of “digital trade” is just as crucial to trade talks between the United States and China as conversations around resolving tariffs on physical goods, IBM CEO Ginni Rometty told CNBC Thursday. “I’m hopeful that these things get resolved,” Rometty told CNBC’s Karen Tso, speaking about trade tensions between the two
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CNBC’s Jim Cramer said Wednesday that his “Cloud King” group of red-hot technology stocks have become go-to names when investors are concerned about an economic slowdown. That explains why Workday, Splunk, VMWare, Twilio and Adobe surged as much as 3.33% during the trading day, while the smaller cloud play in Trade Desk jumped nearly 8%, he
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Cisco’s Chairman and CEO Chuck Robbins speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles in Paris on May 24, 2018. Chesnot | Getty Images Cisco shares rose as much as 3% after hours on Wednesday after the company reported better-than-expected earnings for the third quarter of its 2019
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