Stock Market News

Baird Upwardly Revises Netflix to ‘Outperform’

  The on-demand video provider Netflix Inc (NASDAQ:  NFLX) was upgraded to an ‘Outperform’ from a ‘Neutral’ rating by William Power, an analyst at Baird, citing that the company continues to record a surge in subscriber count in coronavirus infected

Read More

BoA Upgrades Nike to ‘Buy,’ but Trims Target Price

  Nike Inc (NKE: NYSE) hogged the limelight on Friday after Robert Ohmes, an analyst at Bank of America, upwardly revised the stock’s rating to ‘buy’ from ‘neutral,’ highlighting resilience in both apparel and footwear. Ironically, the company slashed the

Read More

Boeing Stock Plummets to 6-yr Low on S&P Downgrade

  The stock of Boeing Co (NYSE: BA) lost 4.22% or $5.47 to close at a six-year low of $124.14 after the aircraft manufacturer was placed on “credit watch – negative” by Fitch, mirroring the negative effect of the coronavirus

Read More

Pentagon To Review JEDI $10bln. Cloud Contract

  The New York court filings made by the US Department of Defense indicates that it is interested in relooking at the multi-billion-dollar cloud contract awarded to Microsoft Corporation (Nasdaq: MSFT). The cloud division of the online retailer Amazon.com, Inc.

Read More

Novovax Awarded $4mn For Coronavirus Drug Development

  For the past week, investors across the globe have been dumping stocks as the coronavirus continues to spread in an unabated manner. However, one pharmaceutical stock has started appreciating this week. Specifically, the company which has hogged the limelight

Read More

Starbucks Issues Earnings Warning, Trims China Business View

  Starbucks Corporation (Nasdaq: SBUX) is the latest publicly listed company to issue an earnings warning while slashing its outlook for China as the country grapples with the coronavirus outbreak. The coffee chain has already stopped opening new stores in

Read More

Kohl’s Beats on Q4 Earnings, Issues Weak FY 2020 View

  Department store operator Kohl’s Corp (KSS: NYSE) shares lost 2.63% or $1.01 to close at $37.43 even after the company surpassed analysts forecast for the fourth quarter of fiscal 2019. The company claimed that its partnership with e-commerce giant

Read More

Cisco Announces Another Round of Employee Layoffs

  Cisco (NASDAQ: CSCO) has announced another round of job cuts as the networking hardware manufacturer faces the likelihood of declining sales growth because of worldwide economic ambiguity. The networking giant did not reveal the precise number of employees who

Read More

Wells Fargo To Shell Out $3bn to Settle Fake Accounts Scam

   The US Attorney’s Office said on Friday that Wells Fargo (NYSE: WFC) has agreed to settle the $3 billion fine and acknowledge misconduct to close criminal and civil trials brought against them by the Justice Department and the

Read More

Dropbox Beats Q4 EPS Estimates, Reaffirms Q1, FY 2020 View

  The shares of Dropbox (NASDAQ: DBX) rose 19.96% or $3.74 to close at $22.45 after the Cloud storage company posted better-than-anticipated fiscal 2019 fourth-quarter results. The company also reaffirmed Q1, FY 2020 outlook. Notably, the stock surpassed the IPO

Read More