by Dorian Holden | Oct 16, 2019 | Markets
Nearly 20% of Americans are turning to cash, as many fear a recession. That’s according to a new MetLife poll of 8,000 adults, as highlighted by CNBC. Up to 21% report they’ve also become conservative with their money. Unfortunately, there’s been a...
by Jamie Johnson | Oct 16, 2019 | Markets
Wells Fargo’s Q3 revenue was impressive, but the bank fell short on earnings and net income. This week, Wells Fargo was one of the first banks to kick off earnings season. Shares of Wells Fargo have been trading slightly higher in recent weeks, ever since the company...
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...
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