Airline stocks may run into some turbulence in the closing months of 2017. On Friday, JPMorgan analyst Jamie Baker downgraded the stocks of American Airline Group (AAL), United Continental Holdings (UAL) and Spirit Airlines (SAVE) from “outperform” to “hold” on fears that the airlines will be unable to hit earnings targets in the fourth quarter.
Alcoholic beverage companies are facing a sobering outlook in the U.S. market. According to a new report by Berenberg, the relatively strong U.S. alcoholic beverage business has peaked and will likely stagnate in the next 10 years. Analyst Javier Lastra says U.S. alcohol consumption per capita will drop 0.4 percent annually for at least the next decade.
Amazon.com, Inc. (Nasdaq: AMZN) may be the gold standard for e-commerce investors, but it’s certainly not the only game in town. D.A. Davidson analyst Tom Forte has initiated coverage of eBay (EBAY) with a “buy” rating and says the online auction giant has plenty of growth levers to pull in coming years.
Wall Street is buzzing over the new series of Apple Inc. (Nasdaq: AAPL) products unveiled on Tuesday, but Apple won’t be the only big winner from the new family of iPhones. If the iPhone 8 and iPhone X models sell as well as most analysts are expecting, key iPhone suppliers could see meaningful revenue boosts as well.
With Nordstrom Inc. (ticker: JWN) stock now down more than 30 percent in the past three years, the Nordstrom family may be taking its ball and going home. On Tuesday, CNBC reported the Nordstrom family, which owns 31.2 percent of the company they founded, is on the brink of a deal with private equity firm Leonard Green &…
It’s been a tough year for the U.S. retail sector, and the athletic apparel business is no exception. According to Bernstein analyst Jamie Merriman, patient Nike Inc (NYSE: NKE) investors will eventually be rewarded for weathering the storm. Under Armour (UA, UAA) investors, on the other hand, may have even more pain ahead.
Hurricane Irma was by many measures one of the most devastating hurricanes to ever hit the state of Florida. However, trading action on Wall Street this week suggests insurance investors had feared Irma’s wrath would be a lot worse.
According to a new in-depth report from Bernstein, electric vehicle investors are positioned for some huge returns over the long term. Unfortunately, it may take up to 40 years for electric vehicles to gain 60 percent of the global auto market share.
After more than a six-month search, Teva Pharmaceutical Industries (NYSE: TEVA) has chosen former H. Lundbeck CEO and renowned turnaround specialist Kare Schultz as its new CEO. Investors seem happy with the prospect of Schultz at the helm, sending TEVA stock 17 percent higher Monday.
Cruise stock investors are monitoring Hurricane Irma and Hurricane Jose closely to determine just how much of an impact the two storms could have on revenues and profits. A handful of cruises have already been canceled during what is typically one of the busiest times of the year in the cruise industry.