NEW YORK (TheStreet) -- Shares of Visa (V - Get Report) closed down 0.38% to $65.41 in trading on Tuesday after Deutsche Bank's cut its price target 75% to $79 from $316, while maintaining its "buy" rating.
Ah Beevis, maybe the stock split 4-1 ($316 / 4 = $79) LOL
How do you cut the price target by 75% and maintain a buy rating... nice going
What are you whinning for? BIIB was about $340 on Jan 1
I'm surprised we aren't seeing a bigger lift in the stock price for the new Costco deal. AMEX took a 10% haircut over two days on the announcement they were losing the deal. I thought this might propell Visa to 280+...
Below is the 2014 outlook CMG gave a year ago (basically the same as this year with more new store openings):
For 2014, management expects the following:
•180 – 195 new restaurant openings
•Low to mid single digit comparable restaurant sales excluding any menu price increases
•An estimated effective tax rate of 39.2%, which excludes federal work opportunity and R&D credits, which have not been renewed for 2014.
CMG blew these numbers away in 2014. So why is the market upset about the CONSERVATIVE outlook for 2015? CMG will blow these numbers away again in 2015...
One time quarter beat, no big deal...
Apple is providing the following guidance for its fiscal 2015 second quarter:
• revenue between $52 billion and $55 billion
• gross margin between 38.5 percent and 39.5 percent
• operating expenses between $5.4 billion and $5.5 billion
• other income/(expense) of $350 million
• tax rate of 26.3 percent
Hey Negatvie Nancy-
AXP beat with foreign currency headwinds and a higher corp tax rate. Layoffs can be either good or bad depending why. Market does what market does - agree, which makes it fun...