AirPods and Watch sales will continue to drive Apple’s stock higher in 2020, Citi’s Jim Suva says

The strong sales of Apple’s AirPods and Apple Watches will come as a “surprise” to investors when the company reports its fiscal first-quarter earnings in early 2020, Citi analyst Jim Suva told CNBC on Monday. And it is why Apple’s stock will continue to move higher next year toward his $300 price target, he said. “Some … Read more

Facebook Sued by Shareholder Over Record Stock Plunge

Days after Facebook’s stock suffered the largest drop in Wall Street history, a shareholder sued the company, accusing the social media network of making misleading statements about its user numbers and operations. The plaintiff, James Kacouris, filed the lawsuit Friday seeking class-action status and to recover damages. Kacouris alleged that Facebook and its chief executive, Mark Zuckerberg, violated federal securities … Read more

Facebook Stock Price Hits All-Time High Despite Controversies

Despite the massive Cambridge Analytica data scandaland a couple of users’ privacy issues owing to internal bugs, Facebook stock closed at an all-time record high of $203.23 (roughly Rs. 14,000) on Friday. Investors are loving the social network more than ever that saw its stocks dipping earlier in 2018 when it was under an intense probe over data … Read more

Tableau Software (DATA) Stock Rating Reaffirmed by BMO Capital Markets

Tableau Software (NYSE:DATA)‘s stock had its “hold” rating reiterated by analysts at BMO Capital Markets in a report issued on Friday, February 2nd. They presently have a $92.00 price objective on the software company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 12.52% from the stock’s previous close. DATA has been … Read more

Is Check Point Software’s Stock Dip an Opportunity?

Check Point Software Technologies‘ (NASDAQ:CHKP) stock market rally was brought to an abrupt halt last month after the company released its second-quarter results. Though the cybersecurity specialist beat Wall Street estimates for revenue and earnings, investors were disappointed by guidance that turned out to be worse than expected. But the dip in the company’s share price could be an … Read more

Lenovo K8 Note to Ship With Stock Android, Vibe Pure UI to Be Abandoned

Lenovo has confirmed that going forward, it will be abandoning its Vibe Pure UI Android customisation which ran on top of its recent Android smartphones in almost all markets. The company will be switching to stock Android experience, and the Lenovo K8 Note will be the first smartphone from the company to ship with Android 7.1.1 Nougat … Read more

Infosys stock jumps 2 per cent despite board-founders differences

NEW DELHI: Shares of Infosyswent up further by nearly 2 per cent on Monday even as differences persisted between the founders and the board over corporate governance issues. The stock, which has been advancing for the last three sessions, moved up by 1.60 per cent to end at Rs 983.50 on BSE. During the day, … Read more

JPMorgan CEO Jamie Dimon: If you like the Trump stock rally so far, just wait …

JPMorgan CEO Jamie Dimon: Trump reforms could boost economy further  Wednesday, 18 Jan 2017 | 10:32 AM ET | 02:05 JPMorgan Chase Chairman and CEO Jamie Dimon told CNBC on Wednesday the economy could grow at 3 to 4 percent this year with the right tax and regulatory reforms from President-elect Donald Trump. And that, in … Read more

Fairfax Financial to buy Allied World for $4.9 billion in cash and stock

Toronto-based insurance group Fairfax Financial has agreed to buy Swiss insurer Allied World Assurance for $4.9 billion in cash and stock, the companies said on Sunday. Fairfax will pay owners of Allied World $54 per share — $10 in cash and $44 in Fairfax stock. The offer amounts to an 18 percent premium above Allied … Read more

Another place where Russia is winning since the US election: Its stock market

Since Election Day, stocks have been roaring in — Russia. Russian stocks are up 16 percent since Nov. 8, based on the performance of the RSX Van Eck Vectors Russia ETF, while the other emerging markets are down 6 percent collectively, as measured by the iShares MSCI Emerging Markets ETF EEM. ADVERTISING inRead invented by … Read more