U.S. markets showed strength throughout Thursday’s session while settling the week mostly higher. The small-caps struggled and closed on the opposite side of the action after testing a lower low to end the shortened week lower.Much of the news was dominated by the DOJ’s redacted version of the Mueller report with the market more focused on ongoing U.S. / China trade negotiations and all-time...
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U.S. markets showed strength throughout Thursday’s session while settling the week mostly higher. The small-caps struggled and closed on the opposite side of the action after testing a lower low to end the shortened week lower.Much of the news was dominated by the DOJ’s redacted version of the Mueller report with the market more focused on ongoing U.S. / China trade negotiations and all-time...
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Citi downgraded Morgan Stanley to neutral from buy on Thursday, saying the stock is “fairly valued.”Morgan Stanley posted better-than-expected first-quarter results Wednesday thanks to the growth in wealth management and fixed-income trading, sending its shares 2.6% higher. Citi thinks that after the earnings boost, Morgan Stanley’s stock is in line with its target and has little room to...
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Pinterest Inc. priced its initial public offering higher than expected Wednesday, raising more than $1.4 billion and valuing the company at more than $12 billion.Pinterest PINS, +0.00% announced Wednesday evening that it would sell 75 million shares at $19 apiece, after previously stating a targeted range of $15 to $17. Underwriters — led by Goldman Sachs, JP Morgan and Allen...
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Bulls Get Weekly Win on Friday’s ReboundU.S. markets posted a strong Friday while recovering losses from earlier in week to finish mostly higher overall. The strong session came after a solid start to the 1Q earnings with the Financial sector leading they way following better-than-expected numbers.The gains helped pushed the major indexes towards their all-times highs from last November with...
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Tech giant Apple and Qualcomm have settled a legal dispute over royalties and patents, and it has Wall Street analysts buzzing over the chipmaker’s prospects moving forward.Analysts at Stifel, J.P. Morgan and Evercore ISI all upgraded Qualcomm on Tuesday’s news. Mizuho Securities, meanwhile, hiked its price target on Qualcomm to $82 per share from $62, implying a 16.3% upside from Tuesday’s...
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