Justin Sun, the crypto entrepreneur who paid a record $4.57 million for lunch with Warren Buffett, said this morning that heCoupa Software earned an adjusted 3 cents per share for its latest quarter, compared to analyst forecasts for a loss of 4 cents per share. The business software company's revenue also beat estimates. Coupa raised its full-year revenue forecast as well as the lower end of its earnings outlook range.
Bemis swaps places with Mattel by joining the S&P 500. The toymaker joins the S&P MidCap 400. The moves are effective prior to Friday's open. Bemis, a packaging products maker, is in the process of merging with Australia-based rival Amcor. Loop Capital raised its price target on Amazon shares to $2,380 from $2,200, maintaining a "buy" rating. Loop reiterated its "buy" rating on Facebook while maintaining a $200 price target. Both stocks were under pressure Monday on the increased likelihood of federal business practice probes.
Fellow FANG stock Netflix was upgraded to "buy" from "hold" at Loop, which raised the price target to $425.
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Asian stocks retreat as China-US jitters set inU.S. stocks fell broadly Tuesday as anxious investors shifted money into bonds, sending yields to their lowest level in nearly two years. I even seen this happening. Market is lower than December 2017 it’s stagnant and bankrupt USA might actually happen with trump
Source: ABC - 🏆 471. / 51 Read more »
Stocks are tumbling on trade-war fears after China pledged to 'fight until the end''If they want to fight, we will fight until the end,' said China's defense minister. 'Bully us? No way.' China will be filling different in about 10 months when their food stores are empty from pig flu, bad harvests, etc. See if they want to negotiate for food during the winter then
Source: BusinessInsider - 🏆 729. / 51 Read more »
Oil prices rise on fall in U.S. crude stocks, but trade war worries cap gainsOil prices rose on Thursday after a bigger-than-expected decline in U.S. crude i...
Source: Reuters - 🏆 2. / 97 Read more »
Oil rises on declining U.S. crude stocks, but trade war worries lingerOil prices rose on Thursday after an industry report showed a bigger-than-expect... We are on a economic rollercoaster ride. My IRA is flat & back where it was when Trump took office. Under Obama I had slow but steady sustained gains for 5 years.
Source: Reuters - 🏆 2. / 97 Read more »
Feds target four of the biggest tech companies in U.S., and their stocks are getting slammedA federal government crackdown on big tech is punishing Big Tech on Monday, with Shares of Alphabet Inc., Amazon.com Inc. , Facebook Inc., and Apple Inc.... breakapart the monopolies! Barnes_Law If it gets to the point of settlement negotiations in a suit, the DOJ should seek as part of the settlement that the tech companies must allow communication to the fullest extend under the 1st Amendment. QQQ hit ... stay clear of leveraged ETFs
Source: MarketWatch - 🏆 3. / 97 Read more »
Global Stocks Slip After U.S. Tech SelloffGlobal stocks declined as concerns about global growth and a selloff in U.S. tech stocks added to the prevailing cautious mood among investors. tech leverage ratios are too high. 83% of newly issued tech ipo’s, unprofitable. 81% in dotcom pop.
Source: WSJ - 🏆 98. / 63 Read more »
Here are the auto stocks to watch as Trump threatens Mexico with tariffsWall Street sees a multibillion-dollar impact on U.S. car makers and auto suppliers, crimping an already shaky demand. F will double price....no need for Mexico... It is extremely unwise to taunt or threaten Trump in any business deal. Your negotiating power will just continue to decrease until you have none, imo.
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