Shares of Under Armour fell more than 4 percent in premarket trading Tuesday after one Wall Street firm downgraded the company to negative. Despite a 30 percent rally in the past eight weeks, the athletic clothing maker will reverse course and lose all of those gains over the next year, […]
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PayPal rises after previously skeptical analyst jumps on the bandwagon
Shares of PayPal ticked 1 percent higher before the bell Tuesday after research firm Cowen decided to jump on the payments platform’s bandwagon. Analyst George Mihalos upgraded the stock to outperform from market perform and hiked his price target on the shares to $88 from $67. The new price target […]
Skeptical analyst jumps on the PayPal bandwagon
Research firm Cowen has decided to join the party at PayPal. Analyst George Mihalos upgraded the stock on Tuesday to outperform from market perform and hiked his price target on the shares to $88 from $67. The new price target represents 11 percent upside. In a note to clients, Mihalos […]
The bond market is doing something it hasn’t done in 52 years
Volatility in the Treasury market has sunk to a multidecade low, and that could have sweeping implications for the bond market this year. Treasury volatility as measured by realized volatility in the U.S. 10-year Treasury note has fallen to a 52-year low, according to a new report from Bank of […]
There’s trouble in the charts for banks heading into earnings, according to one technician
The big banks kick off earnings this week, and it could be make or break time for the surging sector. Wells Fargo, J.P. Morgan and BlackRock are set to report Friday before the bell, with the market implying moves of 3 percent, 2.5 percent and 2 percent in either direction […]
Cryptocurrencies are plunging, led by ripple, bitcoin
Digital currencies fell broadly on Monday, with ripple and bitcoin leading the charge lower. Ripple traded 12.6 percent lower on the Bitstamp exchange. Coinmarketcap.com showed its price down nearly 30 percent, but it appeared that may be due to the site excluding certain prices from Korean exchanges. Bitcoin was off […]
Electronic Arts to outperform in 2018, investors ‘overreacted’ to gamer outcry: Analyst
Electronic Arts shares should outperform in 2018 despite a recent public relations headache involving its latest “Star Wars” game, according to one Wall Street firm. BMO Capital Markets upgraded EA’s stock to outperform Monday, arguing that investors overreacted to gamer outcry over the company’s attempts to monetize in-game content in […]
Pandora shares slip after Morgan Stanley downgrades stock, says ad sales growth ‘no longer a given’
Shares of Pandora fell more than 4 percent in the premarket Monday after Morgan Stanley downgraded the stock and raised concern about the company’s revenue growth for 2018. “Growing ad revenue in ’18 is no longer a given as Pandora faces engagement and monetization challenges,” said analyst Benjamin Swinburne, who […]
Bulls are betting this market will be the G.O.A.T. (greatest of all time)
To be aggressively optimistic on this stock market now is to bet that it can challenge the greatest bull market of all-time — the one that ended with the last century in early 2000. In terms of its cumulative gains, persistence, valuation and the public’s exposure to stocks, only the […]
Second-largest cryptocurrency ripple may have run ahead of itself
Digital currency ripple has blown past its cryptocurrency rivals largely because it is working with large institutions, which give it an aura of legitimacy and practicality. However, cryptocurrency enthusiasts say that centralization is the exact opposite of what the technology of the digital currencies should be about. “The reason ripple […]