FedEx Corporation FDX 4.64% shares sold off 4.5 percent on Wednesday following a disappointing earnings report. However, Deutsche Bank analyst Robert Salmon believes investors should be buying the dip.
Back in April, the U.S. Drug Enforcement Administration announced it would be reviewing the possibility of changing the federal classification of marijuana from Schedule 1 to Schedule 2.
According to the most recent Canaccord surveys, Apple Inc. AAPL 2.81% iPhone customers are holding off on buying new devices until the iPhone 7 comes out. The resulting slump in iPhone average sales price (ASP) is the main reason that Canaccord analyst Michael Walkley has dropped his price target for Apple from $130 to $120.
While most traders think of big banks when they think of the Fed stress tests, consumer finance companies’ capital return plans are subjected to the same regulatory scrutiny. With the CCAR results due out next week, Barclays analyst Mark DeVries recently took an in-depth look at what he expects from American Express Company AXP 5.04%,Discover…
There’s no question that cloud services will be a multi-billion-dollar opportunity in the coming years. Unfortunately for Alphabet Inc GOOG 3.8% GOOGL 4.15%, Amazon.com, Inc. AMZN 3.2% andMicrosoft Corporation MSFT 4.01% were quick to pounce on the opportunity and have already established themselves as the top two players in the cloud computing market.
HP Inc HPQ 5.33% issued a surprise fiscal Q3 earnings announcement after the market close on Tuesday. The announcement included the sale of its marketing optimization assets, which will produce Q3 gains of $245 million and Q4 gains of $40 million for HP.
The days of 30-second TV commercials may be numbered. According to the Wall Street Journal’s Suzanne Vranica, commercial-free streaming video content, DVRs and ad-blocking software have forced advertisers to re-think their approach to consumers.
China began phasing out its one-child policy last year, but the aftermath of roughly 35 years of single-child families has completely shifted the structure of the modern Chinese household. According to Bloomberg, the number of single-resident Chinese households has skyrocketed in recent years.
News of a proposed merger with SolarCity Corp SCTY 1% have sentTesla Motors Inc TSLA 1.65% shares plummeting 8.1 percent on Wednesday. According to Global Equities Research analyst Trip Chowdhry, the Tesla sell-off is an excellent buying opportunity.
Tesla Motors Inc TSLA 1.65% investors clearly aren’t happy with the plan to merge with SolarCity Corp SCTY 1%. While SolarCity shares are up 8.6 percent Wednesday, Tesla shares are down 7.8 percent.