On Wednesday, Morgan Stanley analyst Benjamin Swinburne raised his price target on shares of Disney, from $125 to $135, as he finds the company to be ‘uniquely positioned’ to bring its ESPN family directly to consumers. The Final Round panel discusses. ...
Wireless technology maker Qualcomm, Inc. (NASDAQ: QCOM) is a leader in mmWave RF and stands to benefit from global carriers that are requiring smartphones to support the technology as part of the 5G upgrade cycle, according to BofA Securities.The Qualcomm Analyst: Tal Liani maintains a Buy rating on Qualcomm's stock with a price target lifted from $100 to $115.The Qualcomm Thesis: In addition to U.S. carriers requiring mmWave RF, countries like Japan and South Korea are ramping their mmWave deployment as well, Liani said in a Wednesday note. (See his track record here.)Encouragingly, Qualcomm's management estimates its market share of the technology in 2020 stands at 100%, as it is the only vendor that offers an end-to-end, modem-to-antenna millimeter wave solution, the analyst said.It is also the only RF vendor that can ship millimeter-wave solutions at large-scale production volumes, he said. Qualcomm's exposure to Apple Inc. (NASDAQ: AAPL) alone could result...
In 2016, people voted for Trump with the hope he would help them economically, but a majority of Americans failed to see financial improvement since Trump took office....
Wall Street's three major indexes on Wednesday suffered their biggest daily percentage drop in almost two weeks as a surge in U.S. coronavirus cases intensified fears of another round of government lockdowns and worsening economic damage. Nasdaq, which had registered its fifth record closing high on Tuesday, snapped an eight-day wining streak, which was its longest since December 2019. The session marked the biggest percentage decline for all three indexes, including a 2.6% drop for the S&P 500, since June 11 when the S&P fell 5.89%....
(Bloomberg) -- Hertz Global Holdings Inc.’s bonds were valued at 26.375 cents on the dollar in a credit derivatives auction Wednesday, casting doubt on the possibility that shares will have any value when the company emerges from bankruptcy.The price, determined in an auction that’s used to settle hundreds of millions of credit default swaps tied to the bankrupt company, means traders who bought protection against the car rental company’s failure will be paid 73.625 cents for every dollar insured.The relatively low bond recovery level suggests Hertz shareholders are likely to see their holdings go to zero as the company reorganizes in bankruptcy court. Hertz is among several bankrupt and near-bankrupt companies whose shares have surged amid a burst of interest from retail investors, even though equity is typically wiped out in Chapter 11 proceedings.Hertz shares at one point doubled early Wednesday after analysts at Jefferies wrote that firms like CarMax Inc....
Stocks sank Wednesday, with the S&P 500 and Dow selling off by more than 3% at session lows as rising numbers of Covid-19 infections in some regions spooked investors....
