On Thursday, NetApp shares got a rating downgrade and a price target cut from Goldman Sachs analyst Rod Hall. Hall lowered his rating on the cloud data services company’s stock to sell from buy.Hill indicated in his note that NetApp’s Enterprise License Agreement guidance of 2% of total revenue in FY’20, which is heavily second-half loaded, may be difficult to achieve given that the deals tend to largely involve larger enterprise customers. However, several other analysts might have had a somewhat different view in the recent past, regarding NetApp shares.
" The cannabis company said that it expects fourth-quarter revenue to range between C$14.5 million to C$16.5 million ($10.9 million to $12.4 million), below Wall Street's forecast of C$24.8 million ($18.6 million).For the full-year, the company projects revenue to range between C$46.5 million and C$48.5 million ($34.9 million to $36.4 million). Hexo was withdrawing its 2020 financial outlook due to regulatory uncertainty across the pan-Canadian system, and jurisdictional decisions that it thinks will limit the availability and types of cannabis derivative products. "While we are disappointed with these results, we are making significant changes to our sales and operations strategy to drive future results," said Sebastien St-Louis, Hexo's CEO and co-founder.  On Monday, Michael Monahan, Hexo’s chief financial officer, resigned from the company, due to his "family's needs."
Cisco Systems shares got downgraded by Goldman Sachs analysts, who also cut their price outlook on the stock. Analyst at Goldman Sachs lowered their rating on the networking hardware/telecom equipment maker’s shares to neutral from buy. Analyst Rod Hall also slashed his price target on the stock to $48, from $56.
Gentex Corp. (Nasdaq: GNTX) is set to release third quarter earnings results on October 18 and the automotive equipment manufacturer is expected to report earnings of $0.42 per share and that would match the results from last year.Sales have grown at a rate of 4% per year over the last three years and are expected to increase by 2.8% this year. Looking at some of the fundamental indicators from Tickeron’s Fundamental Analysis Overview, the Tickeron Profit vs. Risk Rating for Gentex is 24.
Over the next four weeks or so we will get earnings reports from well over half of the companies in the S&P 500.One company that will be reporting is VeriSign (Nasdaq: VRSN), the internet registry and infrastructure firm.
Stoneco (Nasdaq: STNE) debuted on the Nasdaq exchange on October 25, 2018.With the stock coming up on its first anniversary, it just recently hit the lower rail of an upwardly sloped trend channel and it had a bullish signal generated from Tickeron’s Trend Prediction Engine. Looking at the stock’s daily chart over the past year, it has been rather volatile for investors.
The iShares MSCI ACWI ETF (Nasdaq: ACWI) bounced off of an upwardly sloped trend line this past week and has since turned higher.If the ETF continues to rally, it could be setting up a showdown at the $75 area. First, the ACWI stands for All Country World Index.
HP Inc. shares traded lower Thursday, following downgrade from  Goldman Sachs analysts who also lowered their price target on the stock. Goldman Sachs analyst Rod Hall lowered his rating  to "sell" from "neutral on the PC and printer maker’s shares.It will eliminate between 7,000 and 9,000 jobs from its global workforce of 55,000, while taking a fourth quarter charge of around $100 million to compensate for the costs.    
Goldman analysts also think that the stock is "relatively undervalued" compared to its peers.The analysts expect "potential for the multiple to re-rate in the future as execution gets better.
Delta Airlines Inc. reported  higher-than-expected third quarter earnings, while its revenues matched expectations.  The airline’s adjusted earnings for the three months ending in September increased +29% year-over-year to $2.32 per share - 5 cents ahead of the Street consensus forecast. Net revenues rose +6.5% to $12.6 billion, largely in line with analysts' forecasts. Delta expects its current quarter earnings to range between $1.20 and $1.50 per share, and projects revenues to grow by more than +5% from the prior year quarter. Looking farther ahead, the company predicts that fiscal full-year 2019 earnings would range between $6.75 and $7.25 per share.It expects and a full-year pre-tax profit margin improvement of between 14.5% and 16.5% for the year. Separately, Delta also revealed that it is expanding its workforce this year and next by 12,000 as it seeks to expand operations.
iRobot shares plunged in pre-market trading Wednesday, after an analyst downgraded the stock. Raymond James analyst Brian Gesuale downgraded the Roomba maker’s stock to underperform, citing concerns over increased competition in the  robotic vacuum cleaners space. Gesuale feels that iRobot is facing intense competition and pricing pressure from Shark's competing models, which are "peeling back prices at the high end" even as it "makes the mid-market vanish." The "robot wars" between competing android vacuum cleaners would "continue to entice consumers towards substitute offerings," the analyst wrote. Raymond James expects iRobot’s 2020 earnings per share to be $2.40 and revenue $1.27 billion, well below the estimates of analysts tracked by Bloomberg.    
Disney got a lowered earnings outlook from a J.P. Morgan analyst, on costs related to streaming and integration of the Fox assets that it acquired this year.  Analyst Alexia Quadrani reduced her fourth-quarter earnings estimate to 95 cents a share from $1.05, and also cut her fiscal 2020 estimate to $5.50 from $6.30 on the entertainment company's shares. However, Quadrani affirmed her overweight rating on the stock.Her December 2020 price target of $150 is the same as the firm's December 2019 price target.  Disney’s substantial spending on its new video streaming platform Disney+, coupled with costs involved in integrating Fox entertainment assets have put the stock at a vulnerable place in the near-term, according to J.P. Morgan.
 But the buy rating was re-iterated. As factors behind his decision, analyst Brian White cited a macro environment that has weakened since Netflix last provided guidance, and more details last month from Apple about its launch plans for Apple TV+. Also, Piper Jaffray analysts on Tuesday revealed results from a survey of 9,500 high school students, that indicated Netflix (35% of the teens polled) falling behind YouTube (37%).However, analyst Michael Olsen, re-iterated an overweight rating on the company, and said he believes Netflix continues to maintain "strong teen mind share".  Among streaming services, teens are preferring Netflix over others, Piper Jaffray found.
Levi Strauss shares traded higher after-hours Tuesday, following the jean company’s earnings beat.  For the quarter ended Aug. 25, Levi’s adjusted earnings came in at 31 cents per share, surpassing the 28 cents a share that analysts expected (based on FactSet poll of analysts).The earnings were, however, lower than the year-ago quarter’s 34 cents. Revenue in the quarter increased +3.8% year-over-year to $1.45 billion, compared to analysts’ estimate of $1.44 billion. Growth in international sales offset softness in Americas sales.
It has invested about $1 billion to create reusable human spaceflight systems.Virgin Galactic is apparently geared towards becoming the first company to make space tourism a reality.  In July, Virgin Galactic said that it would go public by merging with the blank-check company Social Capital Hedosophia Holdings. Boeing said that it would invest in return for new Virgin Galactic shares, and its investment is conditioned on the public trading transaction closing (expected to occur Q4 of this year).
Oracle  announced that it would ramp-up hiring to expand footprint in cloud, while Jefferies slashed their price target on the company’s stock. Oracle plans to open around 20 more cloud data centers by the end of next year - a move that's expected to help customers to safely store data for disaster recovery or to comply with local data storage laws.The expansion could be seen as an effort on Oracle’s part to bolster its presence in the near $40 billion market for cloud computing and storage. Oracles’ plans to up the ante on its cloud business will create an additional 2,000 jobs in the company, according to Oracle.
On Friday, Take-Two Interactive’s Rockstar Games unit announced the release date of a PC version of its popular video game.  "Red Dead Redemption 2" title would be available on PCs starting Nov. 5.Players can also access the game on Google's new Stadia cloud gaming platform.  
Apple confirmed that it has acquired UK-based 3D animation firm, IKinema.  MacRumors first reported the purchase, later confirmed by Apple to news outlets. IKinema specializes in motion capture software that allows video footage to be translated into animations.Its technology encompasses games and augmented reality experiences.  The startup had 13 employees as of 2018, according to IKinema company filings. Apple did not disclose the purchase price or the specific reason behind the acquisition.
But the digital coin has come under the scrutiny of several regulators, ever since it was announced in June.Federal Reserve Chairman Jerome Powell indicated  that Libra raises “serious concerns regarding privacy, money laundering, consumer protection, financial stability”.
Social media giant Twitter (NYSE: TWTR) has been trending higher since December with the stock gaining over 40% from its low to its high.Similar crossovers in the last ten months have been pretty good indicators for a move to the upside. In addition to the stochastic crossover, the stock broke below its lower Bollinger band on October 1.
Previous
387 of 531
Next