Procter & Gamble Goldman Sachs upgraded Procter & Gamble on Friday and said the consumer staples giant offers shareholders a “potential double-digit return.” “We believe there is a role in investors’ portfolios for a large liquid global staples company such as this and note that PG remains the most underweight US listed mega-cap global consumer
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China’s President Xi Jinping (R) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images The countdown is on to this weekend’s G-20 showdown between President Donald Trump and Chinese President Xi Jinping. Reports surfaced on
Traders work at the Coty booth on the floor of the New York Stock Exchange. Jin Lee | Bloomberg | Getty Images Beauty company Coty is by far the best-performing stock in the S&P 500 so far this year. Shares of the cosmetics distributor are up more than 100% in 2019, while the S&P 500
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Friday: Goldman Sachs upgraded Procter & Gamble to ‘buy’ from ‘neutral’ Goldman Sachs upgraded the stock on expectations of stronger margins and profit growth. “This past year has marked
Sir Jonathan ‘Jony’ Ive. David Livingston | Getty Images Apple’s longtime design leader Sir Jonathan “Jony” Ive will leave the company later this year, a development that came as little surprise to Wall Street analysts but as a drag on the company’s stock nonetheless. Shares of Apple slipped 0.6% in premarket trading from Thursday’s close
SpaceX owner and Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters UBS slashed its earnings forecast and price target for Elon Musk’s Telsa, the firm said Friday. Improved deliveries in the second quarter could drive Telsa shares in the near
Norma Butterfield, mother of Slack Technologies CEO Stewart Butterfield, rings a ceremonial bell along with New York Stock Exchange (NYSE) President Stacey Cunningham during the Slack direct listing in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Casey Stengel once said, “Never make predictions, especially about the future.” If you’re looking to prove
Will there be a truce, a deal or a further breakdown? All eyes are on this weekend’s G-20 showdown between President Donald Trump and Chinese leader Xi Jinping. For investors on edge about the trade outcome, here are the make-or-break stocks with the most to win or lose, according to Goldman Sachs. The bank screened
Traders work the floor at the NYSE . Brendan McDermid | Reuters January has long held strong predictive power for the direction of markets over the rest of the year, and 2019 is proving no exception. That’s good news for stocks, which stand to gain significantly ahead if the current trend stays in place, according
UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Insurer UnitedHealth is Wall Street analysts’ favorite stock based on highest percentage of buy ratings. In addition to the Minnesota-based healthcare company, financial services company Visa, technology giant Microsoft and pharmaceutical company
Bernard Weil | Toronto Star | Getty Images Planet Fitness’ affordable and inclusive business model is working for the stock and will drive future growth, according to Raymond James. Raymond James initiated coverage on Planet Fitness with an outperform rating and a 12-month price target of $80, betting that the the gym’s unique business structure
David R. Weinreb CEO of The Howard Hughes Corporation. David Grogan | CNBC The Howard Hughes Corporation, an owner, manager and developer of different types of real estate throughout the U.S., has hired bankers at Centerview Partners to explore strategic alternatives that include a sale of the company, according to people familiar with the situation.
U.S. President Donald Trump speaks in the East Room of the White House in Washington, D.C., U.S., on Tuesday, June 25, 2019. Al Drago | Bloomberg | Getty Images President Donald Trump lambasted Twitter, Google and other technology giants on Wednesday for what he sees as their efforts to repress his messaging and public commentary.
Paychex Access payroll card in Brookline, Mass. Pat Greenhouse | The Boston Globe | Getty Images Shares of Paychex dropped on Wednesday after Bank of America downgraded the stock due to its “excessive valuation” and “underwhelming fundamentals.” The bank slashed its rating for the employment services company to underperform from neutral, while keeping its 12-month
Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters Despite a policy pivot earlier this year and an even clearer shift just last week, the Federal Reserve remains miles apart from what Wall Street wants.
Federal Reserve Chairman Jerome Powell stressed the central bank’s independence in a speech Tuesday that comes amid continuous pressure from the White House to cut interest rates. He spoke during a event at the Council on Foreign Relations in New York that investors were watching closely for clues about the direction of monetary policy. His
A shopper carries an Insignia Roku TV television at a Best Buy Co. store in Louisville, Kentucky, U.S., Luke Sharrett | Bloomberg | Getty Images More than 300 companies are talking to government officials in Washington this month about how detrimental the trade war between the U.S. and China has been and will be to
Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters Barclays believes a market “melt-up” could be on the horizon if three things materialize in the near future: A trade truce, Federal Reserve rate cuts and the economic slowdown only being a soft patch. The so-called melt-up refers to a sharp
Harley Finkelstein, COO, Shopify Scott Mlyn | CNBC There’s an up and coming company you may not know much about that’s gearing up to compete with Amazon in a big way… and Wall Street analysts’ believe it has a fighting chance. Last week, Canada-based Shopify unveiled its “shopper fulfillment network” a new service that will
Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters A dovish tilt from the Federal Reserve sent everything from stocks to bonds to gold rallying in unison, but stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs. And that feature