Shares of Netflix (NFLX) popped over 3% through afternoon trading on Tuesday to hit yet another new all-time high on the back of the most bullish analysts call to date. GBH Insights upped its price target to a whopping $500 per share, less than a week after Goldman Sachs (GS) lifted its target to $490. Therefore, investors clearly need to take a look at why analysts are so excited about the streaming giant.
Oracle, which has cloud deals with AT&T (T.N) and Bank of America (BAC.N), is a late entrant to the cloud business and has been trying to catch up with rivals such as Amazon.com (AMZN.O), Microsoft (MSFT.O) and Salesforce.com (CRM.N). Oracle Chairman Larry Ellison said some of the company's largest customers have now begun the process of moving their on-premise Oracle databases to the Oracle Cloud. AT&T is moving thousands of databases and tens of thousands of terabytes of data into the Oracle Cloud, Ellison said.
The retailer said it has rolled out the new Winemakers Selection, which includes 10 “distinctive labels” of wine sourced from California, France and Italy, three of the biggest hotspots for wine. The wines will be relatively cheap for their high quality as you will only have to pay $11 for a bottle, according to Walmart senior wine buyer Nichole Simpson. Earlier in 2018, Walmart launched a number of new home goods options that included styles such as “glam” and “farmhouse.” And back in March, the retailer said that it would also roll out its own line of home meal kits, which have become very popular among urban professional couples and singles.
Ford Motor Co. has made a big bet that restoring a 104-year-old Detroit train station will turn the tide in the war for tech talent that's hamstrung the automaker's efforts to outmaneuver Silicon Valley in the race toward an autonomous age. The second-largest U.S. automaker is sinking untold millions into reviving Michigan Central Station, a former train depot designed by the same architects behind New York's Grand Central Station. As Ford looks to transform itself -- from a manufacturer into a provider of transportation services -- it plans to house thousands of employees in the crumbling relic used as an apocalyptic backdrop for “Transformers” and “Batman v. Superman” movie scenes.
This analyst seems to think so.
