Chinese social media platform Weibo (Nasdaq: WB) has been doing relatively well as a company, but the stock hasn’t followed suit.The stock was in oversold territory based on the 10-week RSI and the weekly stochastic readings, but the RSI has recently moved out of oversold territory while the stochastic readings remain there. The Relative Strength Rating from Investor’s Business Daily is a 12 and that means the price performance is in the bottom 12% of stocks for the past year.

Beverage major Constellation Brands mentioned in a filing with the Securities and Exchange Commission Monday that adjusted losses from its stake in Canopy Growth would amount to -$38.5 million, in its fiscal second quarter ending Aug. 31. Constellation made a $4 billion investment (i.e.It recognizes equity earnings from its equity-method investment in Canopy on a two-month lag. For the two quarters ending Aug. 31, its share of Canopy loss will be -$77.3 million on an adjusted basis. Constellation shares went up +0.6% in premarket trading, and Canopy's U.S.-listed stock climbed +1.6%.

NetApp shares climbed on Monday, after receiving a rating upgrade and a price target hike from Cowen. Analysts at Cowen boosted their rating on the hybrid cloud data services/management company’s stock to market perform from underperform.They indicated that NTAP's leadership in hybrid cloud purpose-built storage systems and data management software should help the company generate low-single digit revenue growth and high-single digit EPS growth through 2020.  They also praised NetApp’s “industry-leading profitability and capital return to shareholders”.    

PDC Energy announced that it is acquiring SRC Energy in a deal valued at $1.7 billion, including debt. As part of the all-stock acquisition, SRC shareholders will receive a fixed exchange ratio of 0.158 PDC shares for each share of SRC common stock, implying a value of $3.99 per SRC share based on PDC's closing common stock price on Aug. 23. PDC will also be assuming approximately $685 million in debt, as part of the acquisition.The combined entity is expected to advantage from "complementary assets" in the Delaware Basin - a geologic basin in West Texas and southern New Mexico famous for holding large oil field deposits. Following the deal’s closure, PDC shareholders will own about 62% of the combined company, and SRC shareholders will own around 38%.  

Kentucky Fried Chicken in Atlanta could soon be serving Beyond Meat's plant-based fried chicken. YUM!Beyond Fried Chicken will be available in nuggets at prices between $1.99 and $8.49 and boneless wings for between $6 and $12 (depending on the number of pieces), at the Cobb Parkway KFC in Atlanta in the test.  In May, Kevin Hochman, who heads KFC’s U.S. division, had said that the restaurant-chain did not have plans to test vegan options, but that he had meetings scheduled with some major suppliers to learn more about meatless meats. Amidst the soaring popularity of its plant-based meat products,  Beyond Meat has registered a +123% gain in its stock price since the shares’ IPO in May.

Ross Stores Inc. reported second-quarter earnings that surpassed Wall Street estimates. The department store chain reported earnings of $1.14 a share, higher than analyst’ estimate of $1.11 a share.Its comparable-store sales grew +3% compared with the same quarter last year. According to Ross Stores, there would be a slight impact on its third and fourth quarters from the 10% tariffs on goods imported from China.

The cloud software company also boosted its full-year outlook. The company’s fiscal second quarter adjusted earnings came in at 66 cents per share, compared to 47 cents per share expected by analysts polled by Refinitiv. Revenue increased +22% from the year ago quarter to reach $4 billion, which is higher than analysts’ estimate of $3.95 billion (according to Refinitiv).Revenue from Sales Cloud, the company’s biggest product, grew +13%, and that from Service Cloud, the second-largest division, surged +22%. In addition to strong organic growth, Salesforce also seems to be potentially on a  path of further expansion as it acquired, earlier this month, data visualization software company Tableau in a  $15.3 billion deal. Looking ahead, Salesforce raised its revenue projection for the year to between $16.75 billion and $16.9 billion, up from its previous guidance of up to $16.25 billion. For the fiscal third quarter, the company expects revenue of $4.44 billion to $4.45 bill

They are expected to have better water resistance, as well as more robust shatter resistance.  It is also rumored that Apple will roll out (not necessarily at the same vent) a new MacBook Pro with a display size over 16 inches.Apple could also be planning to  launch new AirPods, which might be pricier but would come in with added water-resistance and noise-canceling features.

The selling that has hit Brazilian stocks could be providing a buying opportunity for the iShares MSCI Brazil Capped ETF (NYSE: EWZ). The ETF has been trending higher since last September and a trend channel has formed that defines the different cycles within the overall trend.

Target reported second-quarter earnings and sales - both of which surpassed analysts’ expectations. The retail giant’s earnings per share for the quarter came in at $1.82 (from the year-ago quarter’s $1.47), beating the $1.62 expected by analysts polled by Refinitiv. Revenue of $18.42 billion, too, exceeded analysts’ estimates of $18.34 billion. Same-store sales grew +3.4%, compared to 2.9% growth expected by analysts. Looking ahead, Target boosted its outlook on full-year earnings.Analysts polled by FactSet were expecting full-year per-share earnings of $5.94 a share on sales of $78 billion. While its physical stores showed a strong performance, Target (along with several traditional retailers) are apparently working on making shopping more convenient and attractive to consumers.

In the case of home improvement retailer Home Depot (NYSE: HD), expectations must not have been too high.The stock gained 4.65% on the day while the overall market was lower. From a fundamental perspective, Home Depot has been pretty solid over the last few years.

Abbott Laboratories (NYSE: ABT) is classified as a diversified medical company because the company develops generic pharmaceuticals and nutritional supplements, but it also develops diagnostic systems.The current political environment has brought attention to the costs of prescription drugs in the United States and with Abbott developing generic drugs and also having the cushion of developing nutritional supplements and diagnostic systems as well, it could actually benefit from additional regulation in the industry. Regardless of what happens going forward, the company has performed very well in recent years and so has the stock.

Medical equipment provider Thermo Fisher Scientific (NYSE: TMO) has been trending higher for over two and a half years.One of the biggest reasons behind the rally has been good, consistent fundamentals. Over the last three years the company has been able to grow earnings at a rate of 15% per year while sales have grown at a rate of 14% per year.

Chevron shares climbed Monday,  after a Barclays analyst initiated coverage on the company with an overweight rating. Barclays analyst Jeanine Wai said in a note to investors that the oil and gas company "is well-positioned” to generate substantial free cash flow to shareholders, and also fund its 3-4% five-year growth CAGR guidance.Wai set a stock price target of $145 on Chevron. Wai also mentioned that even as Chevron has outperformed ExxonMobil by 11% over the last year, the stock still trades at a discount on an after-tax cash-blow basis in 2020, which should invert over the next year as the market factors in the sustainability of CVX's casg return program.

Bankruptcy Judge Dennis Montali on Friday said that a court trial can decide if the gas & electricity company is responsible for the 2017 Tubbs Fire, which destroyed more than 5,600 buildings and took 22 people’s lives.The catastrophic fire became the second most destructive in California’s history. “Regardless of the next legal steps, Cal Fire has already determined that the cause of the 2017 Tubbs Fire was not related to PG&E equipment,” PG&E said in an emailed statement.

Sonos shares are climbing Monday, following a rating upgrade from Raymond James analysts. Shares of the wireless speaker maker were upgraded to strong buy from outperform by analysts at Raymond James.  The analysts indicated that Sonos has a two-year revenue [compound annual growth rate] that is around twice its peers GoPro and Arlo, and is still trading at the same levels as them.The company's adjusted EBITDA came in at $7 million, compared to a loss of -$2 million in the same quarter last year.  Raymond James analyst Adam Tindle set a 12-month price target of $19 for Sonos stock – which represents over 40% upside.

Japan’s exports declined for an eighth month in July, as exports to China (Japan’s biggest trading partner) were hurt amidst the ongoing U.S.-China trade war. According to Ministry of Finance data, total exports from Japan  in July fell -1.6% year-over-year, largely due to a slump in China-bound shipments of car parts and semiconductor production equipment.Economists. had expected a -2.2% decrease. Japan's exports to China plunged -9.3% year-on-year in July, down for a fifth month.

Following U.S. Treasury yields’ rebound from last week’s plunge,coupled with news of a key policy reform in China, Asia’s stocks inched higher Monday afternoon (Asia time). The Shanghai composite climbed +1.47%, while the Shenzhen component gained +2.39%.The Shenzhen composite added +2.446%. On Saturday, the People’s Bank of China announced a critical policy reform, as it intends to improve the process of forming the loan prime rate this month onward, in a way that’s apparently salutary  to the economy.

In October, it replaced former President Mark Anderson with former Google executive Amit Singh.According to The Information, former senior vice president and general manager of Americas sales Patrick Blair also left earlier this year.    

Online payment processor and portal PayPal (Nasdaq: PYPL) peaked at $121.48 back in July and has now fallen for four straight weeks.The weekly stochastic readings, specifically the %K reading, have dropped below the 20 level for the first time in over three years. Even during the fourth quarter selloff in the overall market, PayPal held up better than most stocks, and then when the market rallied in the first quarter the stock moved up over 25% from the December low through the end of March.