Investing

EA’s most important nonsports game for this holiday season is struggling, according to Cowen. The firm reiterated its market perform rating for Electronic Arts shares, citing weak preorders for the publisher’s “Battlefield V” title. “EA’s Battlefield V currently appears to potentially be headed for serious disappointment,” analyst Doug Creutz said in a note on Monday.
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Analysts are optimistic over Nvidia’s growth due to a new product cycle even as a key market falters. Nvidia shares are down 2.7 percent in Friday’s premarket session, a day after it reported better-than-expected fiscal second-quarter earnings Thursday. The company gave sales guidance slightly lower than the Wall Street consensus for the fiscal third quarter
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Semiconductor company Nvidia is scheduled to report quarterly earnings after the bell Thursday. And after introducing its eighth-generation graphics chip on Monday, the stock is up more than 32 percent year to date. Josh Brown of Ritholtz Wealth Management, a CNBC “Fast Money Halftime Report” trader, said investors will pay close attention to the chipmaker’s
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Constellation Brands just spent billions on pot. The wine and spirits company increased its investment in cannabis company Canopy Growth by $4 billion. Markets weren’t buying it. Constellation’s stock plummeted 6 percent on Wednesday in its worst daily performance since January 2017. “Here’s why the market hates it. They paid $4 billion for a company
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Morgan Stanley upgraded Chipotle to overweight from in-line, saying the company’s turnaround is working. “CMG is still early into a sales turnaround and has an attractive management change narrative and earnings recovery story,” wrote analyst John Glass in a note Wednesday. “While still early days in the brand’s long-awaited recovery, there is increasing evidence that
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Oppenheimer downgraded its rating of Tiffany shares to “perform” from “outperform” on Friday, saying “recent shifts in global currencies could weigh upon domestic sales to foreign tourists” for the luxury retailer. The firm pointed to a chart comparing the Chinese yuan to Tiffany’s sales in the U.S., saying the “devaluation of Chinese currencies could impact
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Crocs shares tumbled on Tuesday after it announced its chief financial officer would step down from that role this month and leave the company next year. Shares fell as much as 9 percent after Crocs said Carrie Teffner, executive vice president and CFO of the casual footwear brand, would be leaving the company next April.
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Shares of Office Depot jumped 12.9 percent on Tuesday, after the company reported better-than-expected earnings per share and revenue for its second quarter. The Boca Raton, Florida-based retailer reported adjusted earnings of 5 cents a share, beating the 4 cents a share average estimate of analysts. Office Depot also reported $2.63 billion of revenue for
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Amid the fanfare of Apple reaching $1 trillion in market valuation, investors may be missing another more important milestone of the same dollar level. Namely, U.S. companies appear poised to eclipse the $1 trillion mark in share buybacks this year, a pivotal new record that will keep the stock market going even as many retail
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Goldman Sachs is not optimistic for the near-term fate of cryptocurrency. In its mid-year economic report, the bank’s investment management group highlighted “cryptocurrency mania” as one of six factors creating an unsteady undertow affecting markets for the remainder of 2018. “We expect further declines in the future given our view that these cryptocurrencies do not
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Investors in travel stocks like Caesar’s Entertainment, Wynn Resorts and Expedia took flight this week, sending the companies’ shares sharply lower. Craig Johnson, chief market technician at Piper Jaffray, says one consumer leisure stock is working for him. “The best stock, from our perspective, is Boyd Gaming. It’s going to have more of a domestic
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