Raymond James on Thursday upgraded Apple shares and said that while its call may be premature it has “increased conviction in the impact of a 5G iPhone product cycle in 2020.” The firm upgraded Apple to “outperform” from “market perform,” and established a price target of $250. Raymond James also said that Apple’s settlement with
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European banks are finally showing signs of recovery and investors should be looking to reduce their bearish positioning in the beleaguered sector, according to Barclays strategists. In a note published Wednesday, Barclays’ European banking and European equity teams projected that the stabilization of euro zone economic data and bond yields may bolster the banks, which
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European stocks are set to open lower Thursday, as investors digest fresh corporate results and keep an eye on global trade developments. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE 100 was seen 17 points lower at 7,511, Germany’s DAX down 87 points at 12,250, and France’s CAC off by 27 points at 5,542, according
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“Stranger Things” season three picks up in the summer of 1985. The Hawkins crew are on the cusp of adulthood and faced with enemies old and new. Netflix Netflix shares are tanking almost 11 percent after-hours following the company’s Q2 earnings report on Wednesday afternoon, but before you get wrapped up in false narratives, understand that Netflix
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Shares of Netflix were down 10% in extended trading Wednesday after the company released its earnings report for the second quarter. The results showed a rare loss in U.S. subscribers and a large miss on international subscriber adds. Here are the key numbers: Earnings per share: 60 cents, vs. 56 cents expected, per Refinitiv consensus
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Ginni Rometty, CEO of IBM on Mad Money to discuss IBM’s acquisition of Redhat.  Adam Jeffery | CNBC IBM will report second-quarter earnings after market close on Wednesday. Here are the numbers to watch: Earnings: $3.07 per share, excluding certain items, as expected by analysts, according to Refinitiv. Revenue: $19.16 billion as expected by analysts,
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters Check out the companies making headlines midday on Wednesday: CSX — CSX dropped more than 10% after the transportation company’s second-quarter earnings missed estimates and it cut its revenue forecast. CSX reported earnings of $1.08 on
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Amazon said it sold more than 175 million items during this year’s Prime Day shopping event, more than its sales for the past Black Friday and Cyber Monday combined. The online retailer, which didn’t disclose an actual sales figure, called the two-day sale its “largest shopping event in Amazon history.” It also said that on Monday
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Tim Cook, chief executive officer of Apple Inc., speaks during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Monday, March 25, 2019. David Paul Morris | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Wednesday: Goldman Sachs raised its price target on Apple to $187 from
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