Walt Disney got a price target hike from Bernstein, thanks to the subscriber numbers for Disney+.
Analysts at Bernstein raised their price target on the media behemoth's shares to $137 from $131.Bernstein analysts cited "astounding, no matter how many of them were promotional" subscriber numbers for Disney+, the media giant's newly launched video streaming service (according to Bloomberg).
Launched on Nov. 12, Disney+ already has 10 million subscribers, according to Walt Disney.
Following reports earlier this week that thousands of Disney+ users had their accounts hacked and placed on the dark web, the company came out with a statement saying that it takes the privacy and security of users' data very seriously and there is no indication of a security breach on Disney+.
Laureate Education (Nasdaq: LAUR) is a for-profit education company with a focus on countries outside the United States.The company is headquartered domestically in Baltimore, but focuses on building its education business outside the U.S.
The company hasn't been performing very well lately both in terms of fundamental and price performance.
Even as several retail companies struggle with weak performances, TJX reported quarterly sales and earnings that surpassed analysts' forecasts.
The off-price department store company's fiscal third-quarter earnings came in at 68 cents a share, beating the 66 cents a share expected by analysts polled by FactSet.The company expects same-store sales growth to be in the +2% to +3% range.
"We are convinced our holiday marketing campaigns will position us as a top shopping destination for exciting gifts at amazing prices," CEO Ernie Herrman noted.
The company also slashed its full-year profit guidance.
The retail company’s adjusted earnings for the three months ending on November 2 came in at 74 cents per share, well below the Street estimate of 86 cents per share.The figure is also -24.4% lower compared to the year-ago quarter.
Revenues, however, increased +5.8% year-over-year to $4.625 billion, exceeding analysts' expectations of $4.4 billion.
For the full fiscal year 2019, Kolhl’s now expects earnings to range between $4.75 and $4.95 per share, down from its prior forecast of $5.15 to $5.40 per share.
Okta got a rating downgrade from analysts at Canaccord Genuity, who think the stock is already fully valued.
Canaccord Genuity analysts lowered their rating on the cloud software company’s stock to hold from buy. They also slashed their price target on the stock to $120 from $145.
Analyst Richard Davis indicated that Okta is "quite expensive”.The stock has rallied more than +100% from its low in December 2018. Year to date, it has climbed more than +80%, but is slightly below its summer high of above $140.
Nevertheless, Davis still views Okta as the leader by a large margin, while mentioning that competition is tightening a bit.
In October, the company revealed various new offerings across security, authentication and more categories.
Weiss also hiked his one-year price target on the shares to $169 from $140.
The outlook boost is based on what the analyst perceives as better clarity in the company's shift toward a recurring revenue model.Weiss indicated that the shift likely suggests a durable 25%+ annual recurring revenue growth trajectory, with FY23 free cash flow approaching $1billion – and therefore looks undervalued at current levels, according to the analyst.
Latin American markets really tumbled in the first half of November and that caused the iShares MSCI Brazil Capped ETF (NYSE: EWZ) and the iShares Latin America 40 ETF (NYSE: ILF) to drop over 5% from November 4 through November 14.Both funds jumped sharply on the 15th and look poised to rally based on a number of different indicators.
First, let's look at the EWZ.
T-Mobile U.S. (Nasdaq: TMUS) has been in the news a lot lately.Analysts expect earnings for 2019 as a whole to increase by 28%.
Sales have grown as well, but not nearly as much as earnings.
Coty has decided to spend $600 million for a majority stake in Kylie Jenner’s cosmetics brand.
The beauty company plans it to invest the amount for acquiring a 51% stake in Kylie Cosmetics.
Under the deal, Jenner and her team will lead the social media and product communications segments, while Coty will work on global promotion of her brand.The company also revealed a $3 billion write down in value of brands it acquired in 2015 from Procter & Gamble, which included CoverGirl and Clairol.
Coty’s investment in Kylie Cosmetics is expected to close in the third quarter of 2020. Coty called the transaction a "key milestone" for the company.
Advanced Micro Devices (AMD) shares climbed on Monday, extending Friday's rally.
The semiconductor company got another another price-target hike in less than a week, and this time it came from analysts at Cowen.This follows Friday’s price target upgrade (to $50 from $44) by RBC Capital Markets analyst Mitch Steves on what he perceives as improving demand for data-center products.
Cowen analyst Matthew Ramsay increased his one-year price target on AMD shares to $47 from $40.
Roku got a price target hike from Bank of America Merrill Lynch.
Analysts at the bank raised their price target on the video streaming platform’s shares to $160 from $150. Analyst Ziv Israel indicated that lower device average selling prices and new smart TV offerings imply a solid outsize growth for the fourth quarter.
Roku recently announced shopping deals including $30 discount on the Roku Smart Soundbar, which will then retail for $150 between Nov. 24 and Dec. 7; the Roku Streaming Stick+ to retail for $30 (after a $20 cut) between Nov. 24 and Dec. 2.; Roku Ultra, whose price will be slashed by half to $50 between Nov. 28 and Dec. 2.
However, the company did express concerns about the impact of protests in Hong Kong.
The outdoor apparel maker reported adjusted earnings of 57 Canadian cents a share for the quarter, ahead of analysts' expectations of 43 cents.
Revenue increased +28% from a year ago to C$294.0 million ($221.6 million), surpassing the Street estimate of C$266.8 million.
Wholesale revenue expanded +22% to C$219.8 million, exceeding analysts' forecast of C$193.5 million.Direct-to-consumer revenue surged +47% to C$74.2 million, on the back of incremental revenue from new retail stores, and beat expectations of C$73.7 million,
Canada Goose recently opened a second store in Hong Kong.
One company that dropped was NextEra Energy (NYSE: NEE), but in its case, the loss was bigger than some of the other stocks.
From the end of October through November 8, NextEra dropped 6.82% while the Utilities Select Sector SPDR (NYSE:XLU) fell 3.89%.This seems a little odd because NextEra is the number one rated stock in Investor's Business Daily's electric utilities group.
The company has seen its earnings grow by 11% per year over the last three years and they were up 10% last quarter.
The price of oil has been trending lower over the last seven months with the price putting in a series of lower highs since peaking at $66.60 in April.The price spiked in September when the attacks occurred on Saudi Aramco's production facilities, but have since fallen back down as the production interruption was minimal.
With oil trending lower, many big oil companies have seen their stock prices trend lower with the price of oil and ConocoPhillips (NYSE: COP) is one of those companies.
Tilray Inc. shares extended declines in pre-market trading Wednesday, after the company reported a wider-than-expected third quarter loss on sharp decline in Candian pot prices.
For the three months ending in September, the cannabis company’s loss came in at -36 cents per share, 7 cents wider than the Street consensus expectation.
Revenues jumped four-fold from the year-ago quarter to $51.1 million.
However, the average selling prices halved to $3.25 per gram and spending costs climbed nearly four times higher compared to last year – factors that squeezed Tilray’s bottom line.
Looking ahead, Tilray projects inventory levels to begin to decrease in 2020.Inventories have had been rising following Canada's legalization of recreational marijuana use in October of last year.
Nike is focusing more on boosting its own online platform instead.
The news comes just ahead of one of the biggest holiday shopping seasons, and marks the end of a pilot program that started in 2017.Under the pilot program, Nike acted as a wholesaler to Amazon, instead of selling via third-party merchants.
“As part of Nike’s focus on elevating consumer experiences through more direct, personal relationships, we have made the decision to complete our current pilot with Amazon Retail,” Nike said in a statement.
Applied Materials got a price-target boost from Stifel research analyst Patrick Ho on expectation of an optimistic outlook for the company's 2020 performance.
Ahead of the semiconductor company’s fourth-quarter results scheduled to release on Thursday, Ho raised his one-year price target on its shares to $67 from $57.The analyst maintained his buy rating on the stock.
According to Ho, large-cap companies like Applied Materials should have higher multiples, when compared with its semiconductor peers.
Cisco Systems (Nasdaq: CSCO) is set to report fiscal first quarter earnings on Wednesday, November 13, after the closing bell.The indicators did make a bearish crossover on November 11.
One other thing we see on the daily chart is that the 10-day moving average just crossed bullishly above the 50-day moving average.
CBS Corp. posted third quarter earnings that beat expectations.But ad revenues were -7% lower, compared to last year.
In December, CBS is expected to complete its $30 billion merger with Viacom Inc.
Alibaba Group Holding Ltd.'s Singles Day shopping festival registered a record $38.4 billion in sales Monday.
The e-commerce giant saw 10 billion yuan ($1.43 billion) in sales over the first 90 seconds of the event.Total Singles Day sales touched $38.379 billion in gross merchandise value this year, surpassing last year's 24-hour total of $30.8 billion.
This year’s sales growth of 26% was faster compared to last year's 21%.