by Jamie Johnson | Oct 15, 2019 | Markets
Citi initiated coverage of CrowdStrike with a sell rating and a $43 price target. This week, Citigroup initiated coverage on CrowdStrike, but the verdict wasn’t pretty. Analyst Walter Pritchard gave the company a sell rating along with a $43 price target. The...
by Dorian Holden | Oct 15, 2019 | Markets
Third quarter earnings season just kicked off with banks JP Morgan for example beat expectations with revenue of $29.3 billion, as compared to estimates for $28.46 billion. EPS was $2.68, as compared to calls for $2.34. “The consumer remains healthy...
by Dorian Holden | Oct 14, 2019 | Markets
Trade war tensions appeared to have cooled two days ago. Now, we’re not so sure. On Friday, the U.S. and China agreed to the first phase of a trade deal that will delay 30% tariffs on $250 billion worth of good set for this week. Reportedly, the deal will...
by Jamie Johnson | Oct 14, 2019 | Markets, Technology
The company’s shares are down 25% since July. Earnings season kicks off this week, and Wall Street has been waiting with bated breath to see what Netflix will report. The company releases its third-quarter earnings on Oct. 15, and many analysts are anticipating...
by Dorian Holden | Oct 14, 2019 | Markets
Cannabis stocks have come under intense pressure. All thanks to HEXO Corporation, which warned to a revenue shortfall thanks to slower sales. The company also pulled its 2020 financial outlook because of unpredictability. “Slower than expected store rollouts, a...
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