Wall Street Skids As Global Recession Worries Resurface Wall Street Skids As Global Recession Worries Resurface
Alphabet Shares Plunge Overnight on Revenue Miss, RBC Still Sees ‘Consistent, Robust’ Fundamentals Alphabet Shares Plunge Overnight on Revenue Miss, RBC Still Sees ‘Consistent, Robust’ Fundamentals
Tractor Supply Upgraded by RBC to Outperform, Price Target Raised to $105 Tractor Supply Upgraded by RBC to Outperform, Price Target Raised to $105
Bond Prices Rally as Equities Pressured; GDP Up – 10-Year 3.077% Bond Prices Rally as Equities Pressured; GDP Up – 10-Year 3.077%

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Qiagen’s Price Target From Berenberg Boosted to EUR36 From EUR32

Qiagen (QGEN) received an increase to its price target from Berenberg after the provider of molecular sample and assay technologies said Monday it received Health Canada regulatory approval of its QuantiFERON-TB Gold Plus as an in vitro diagnostic test to detect latent tuberculosis infection. Berenberg’s new price target on the company’s Germany-traded shares on the Xetra trading system is EUR36, […]

Wall Street Skids As Global Recession Worries Resurface

Wall Street Skids As Global Recession Worries Resurface

Wall Street limped into Friday’s close with substantial losses when soft economic data from China and the European Union rekindled fears of slower economic growth and unleashed a meltdown in the US. The Dow closed at its lowest level since May, bottoming out at 24,000 for a loss of nearly 500 points from the prior day’s close. Led by losses […]

Proofpoint Shares Tank as Increase in Costs Overshadows Earnings Beat

Proofpoint Shares Tank as Increase in Costs Overshadows Earnings Beat

Shares of Proofpoint (PFPT), a security and compliance firm, slumped early on Friday as the pace of growth in its costs and expenses took the shine off a beat on both sales and earnings in the third quarter. Total revenue rose to $184.2 million during the three months that ended September 30 as billings surged, from $134.7 million a year […]

Alphabet Shares Plunge Overnight on Revenue Miss, RBC Still Sees ‘Consistent, Robust’ Fundamentals

Alphabet Shares Plunge Overnight on Revenue Miss, RBC Still Sees ‘Consistent, Robust’ Fundamentals

Alphabet (GOOG) shares are down more than 5% in pre-bell after reporting revenue that missed expectations after the close on Thursday, but RBC analysts are less bearish on the stock as growth continues. Third-quarter revenue came in at $33.7 billion, up from $27.8 billion during the same quarter last year, but below consensus compiled by Capital IQ for $34 billion. […]

Tractor Supply Upgraded by RBC to Outperform, Price Target Raised to $105

Tractor Supply Upgraded by RBC to Outperform, Price Target Raised to $105

Tractor Supply (TSCO) received an investment-rating upgrade to outperform from sector perform from RBC Capital Markets following the rural-lifestyle retail company’s Thursday report of better-than-expected fiscal Q3 results and increased guidance for the fiscal year. RBC also raised its price target on Tractor Supply’s shares to $105 each from $87. The shares rose 5.8% in Thursday’s session to close at […]

Bond Prices Rally as Equities Pressured; GDP Up – 10-Year 3.077%

Bond Prices Rally as Equities Pressured; GDP Up – 10-Year 3.077%

US Treasury prices rallied Friday, taking yields sharply lower as risk aversion rose as equities were pummeled. The two-year Treasury rate was down 5 basis points at 2.798%, and the 10-year yield was off more than 4 bps at 3.077%. UK Gilts were outperforming with the yield off 5.3 bps at 1.386%. The German Bund was down 4.8 bps at […]

Nasdaq Under Pressure as Amazon, Alphabet Set for Tough Day, Jones Trading Says

Nasdaq Under Pressure as Amazon, Alphabet Set for Tough Day, Jones Trading Says

The Nasdaq was under pressure early Friday in a broad based selloff, sparked by soft quarterly reports from both Amazon (AMZN) and Alphabet (GOOGL), said Dave Lutz, head of ETFs at Jones Trading. In Europe, the DAX was down 1.8%, trading on lows as EU autos were 3% down after supplier Valeo dropped 20%, while financials fell over 2% as […]