Financial services/mobile payment company Square   said that it bought about 4,709 bitcoins for $50 million. Cryptocurrency Bitcoin has surged +49% in price  so far this year. Square believes that cryptocurrency is an instrument of “economic empowerment” and that is offers a way for the world to participate in a global monetary system, which aligns with the company’s purpose. The investment in Bitcoin represents around 1% of Square’s total assets as of the end of second-quarter 2020. Square launched bitcoin trading in 2018 for its Cash App customers. The company recently launched the Cryptocurrency Open Patent Alliance, a nonprofit organization focused on crypto innovation. Tickeron's AI-powered scorecard rates SQ a "STRONG BUY". According to Tickeron, SQ's MACD Histogram crosses above signal line The Moving Average Convergence Divergence (MACD) for SQ turned positive on September 25, 2020.

Financial behemoth Morgan Stanley   agreed to acquire asset management company Eaton Vance . It will be a 50-50 cash-and-stock deal with an equity value of about $7 billion.The odds of a continued upward trend are 65%. MS may jump back above the lower band and head toward the middle band.

 According to Ferragu, the company has a decade of “hyper growth ahead” and it has “no credible competition on the horizon.” The analyst raised his price target on the stock to Wall Street-high of $578. Last week, Tesla delivered a record 139,300 vehicles in the third quarter, beating analysts’ expectations of 136,000 Tickeron's AI-powered scorecard rates TSLA a "BUY". According to Tickeron,  TSLA in upward trend: price expected to rise as it breaks its lower Bollinger Band on September 08, 2020 TSLA may jump back above the lower band and head toward the middle band.In 32 of 38 cases where TSLA's price broke its lower Bollinger Band, its price rose further in the following month.

Dollar Tree  has plans  to hire more than 25,000 workers to meet an expected surge in demand during holiday season. The discount retail giant will look to employ full-time and part-time workers across Dollar Tree and Family Dollar stores and for its U.S. distribution centers over the coming weeks.Open positions will include store managers, assistant store managers, cashiers, and stocking associates. The distribution centers require more  management staff, equipment operators and warehouse associates. Last month retail giants Walmart  and Target announced that they were hiring 20,000 and 130,000 workers, respectively, to cater to online orders and digital sales for he holiday-season demand. Tickeron's analysis shows: DLTR's MACD Histogram crosses above signal line The Moving Average Convergence Divergence (MACD) for DLTR turned positive on September 28, 2020.

E-commerce  company Shopify shares got a price target hike to $1,250 from $1,150.from a KeyBanc Capital Markets analyst.  Referring to Shopify’s Fulfillment Network as "a full-fledged, tightly integrated fulfillment solution," analyst Josh Beck raised his price target.

The price target implies downside from the stock's current price. The analysts anticipate challenges for AT&T. Analysts’ revenue and adj.For AT&T’s Warner Media operations, analysts expect the combination of return to sports and added expense associated with HBO Max to affect bottom line. In the Entertainment segment, cord-cutting and programming costs are pressuring profitability. Analysts also noted, “We are lowering our Postpaid phone-only ARPU by $0.27 to $54.88.

On Tuesday, Federal Reserve Chair Jerome Powell warned that the U.S. economic recovery is "strong but incomplete".He mentioned that around 22 million jobs have been lost since the coronavirus pandemic reared its head  in early March, and noted the current outlook remains "highly uncertain". Republican and Democratic lawmakers in Washington continue to debate the  size of the next coronavirus relief bill.  

Shake Shack's shares got a buy rating and a $78 share-price target at Loop Capital which initiated coverage on the stock. Loop Capital analyst Lynne Collier mentioned that  comparable-sales figures of the fast food restaurant chain have hit bottom and are turning around. Shake Shack's same-store sales fell -49% year-over-year in the quarter ended June 24, amid the coronavirus crisis and civil-rights protests that affected the restaurants’ operating hours.The odds of a continued upward trend are 77%. The Aroon Indicator entered an Uptrend today.

However, the number might still not be too optimistic with respect to its full year target of 500,000 . Tesla said deliveries for the three months ending in September came in  at a record 139,300, just above the Street forecast.That means, Tesla needs to shift a record 166,000 cars over the last quarter of the year to meet its 2020 target of 500,000. Major contributor to the latest quarter’s deliveries were Tesla's Model 3 sedan and Model Y SUVs with 128,044 units produced, and 124,100 delivered.

On Thursday, DraftKings  shares got a buy rating and Wall Street-high price target of $70 a share at Needham. Needham analyst Brad Erickson initiated coverage of the sports betting company’s stock on Thursday.It views the company as one of the leading beneficiaries from online sports betting’s taking off in the U.S. – an opportunity that Needham estimates to be between $42 [billion] and $58 billion annually longer term. According to Erickson, online providers' access to data creates a structurally better user experience vs. brick and mortar.

On Thursday, retail company Gap announced  plans to hire more than 10,000 new workers to help support its customer service for the holiday season. “We know the holiday season will be different this year and are committed to helping our teams provide a safe and seamless shopping experience,” said Sheila Peters, head of People and Culture at Gap Inc. The positions include packing, assembling, preparing orders for shipment, and working at customer contact centers.Customer contact workers can choose to work remotely, and fulfillment-center workers can select their working hours during the weekends, days, and nights.

The odds of a continued downward trend are 66%. Following a 3-day decline, the stock is projected to fall further.The odds of a continued upward trend are 77%. TSLA may jump back above the lower band and head toward the middle band.

Amazon shares got a price target hike to a Wall Street-high of $4,500 from $3,925, from an analyst at Pivotal Research . Analyst Michael Levine mentioned that Amazon's advertising was only 5% of revenue, but is a "far greater contributor" to overall non-Amazon Web Services EBIT margins than Wall Street /investors appreciate.“…if advertising was viewed as a stand-alone business unit ... it would represent well north of 300% of 2020E non-AWS EBIT", noted Levine. Levine kept a buy rating on the e-commerce behemoth’s shares. According to the analyst, there is "massive upside" to estimates by fiscal year 2024. Levine also estimated that at least 85% to 90% of the Amazon business is sponsored listings.

The analysts also raised his price target to $1,300 from $998. "We continue to see strength in Shopify’s near-term ability to capture share in e-commerce," said analyst Arounian.According to the analyst, “pull-forward in e-commerce trends” would be sustainable over time, driven in large part by ongoing changes to consumer habits. According to the analyst, the coronavirus pandemic has increased the importance of fulfillment for small to midsized businesses and direct-to-consumer companies - which boosts the relevance of the Shopify Fulfillment Network, which the company launched last year.

He also boosted his share-price target to $99 from $77. The analyst said in a note that he expects early signs of the U.S. recovery as “durable, aided by broadening digital access through expanded pay options for loyalty and 23% of U.S. stores adding curbside pickup,” . According to Charles, the coronavirus pandemic presents new efficiency opportunities to drive 15% earnings-per-share growth for 2022-2023.Calling the shares risk/reward balance "compelling, he mentioned that a bull/bear cases suggest 2-to-1 upside/downside ratio. “We believe Starbucks is pursuing the right structural drivers to help transcend displaced morning routines, including broadening payment options beyond a Starbucks card for customers to join My Starbucks Rewards loyalty program.”, Charles added.

Treasury Secretary Steven Mnuchin hinted at a possible agreement  on a new coronavirus stimulus package with House Speaker Nancy Pelosi. Mnuchin told CNBC that he would be speaking with Pelosi Wednesday afternoon, and expects to reach an  “understanding” with Pelosi by Thursday on a relief package. “I say we’re going to give it one more serious try to get this done and I think we’re hopeful that we can get something done,” Mnuchin said.“I think there is a reasonable compromise here.”

JPMorgan Chase   has admitted wrongdoing and agreed to pay more than $920 million to settle market-manipulation investigations. The Commodity Futures Trading Commission said in a statement that this was the biggest monetary penalty it has ever imposed.Charges include a $436.4 million fine, $311.7 million in restitution and more than $172 million in disgorgement. The malpractice under investigation, known as spoofing, typically involves flooding derivatives markets with orders that traders don’t intend to execute.

In 3 of 3 similar past instances, the stock price increased further within the following month.The odds of a continued downward trend are 53%. Following a 3-day decline, the stock is projected to fall further.

Over the last few years, Micron Technology (MU) has seen its stock struggle compared to the overall market.The stock peaked just below $65 back in June 2018 and then proceeded to fall by over 50% and drop below the $30 level.

However,  rising coronavirus expenses, including wage increases, had an impact on the results. The retail company’s  said earnings for the three months ending in August, came in at $3.04 per share, well above analysts’ forecast of $2.85 per share.Same-store sales rose by +11.4% -- the most in two decades . However, pandemic-related expenses increased, topping $280 million for the quarter, higher than $100 million forecast.