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Financial News from Barrons.com

  • UBS: Reduce Emerging Market Stock, Bond Exposure @ Barrons.com - 47 minutes ago

    Citing weak economic growth in emerging markets, along with declining commodity prices and a lack of policy flexibility, UBS cut portfolio exposure to emerging markets to "underweight" in equities and some debt. In a note to clients this week, Mark Haefele, global chief investment officer at UBS Wealth Management, writes …

  • Shares of adventure camera maker GoPro (GPRO) are down $7.24, or 9%, at $71.91, after Oppenheimer & Co.'s Andrew Uerkwitz this morning started coverage of the stock with an Underperform rating, and a $45 price target, writing that while "it should be commended for its product, brand, and the market it created," nevertheless, …

  • Ericsson Slips: Q3 Sales Beat, But Margins are a Struggle @ Barrons.com - 1 hour 48 minutes ago

    Shares of telecom equipment vendor Ericsson (ERIC) are down 36 cents, or 3%, at $11.45, after the company this morning reported Q3 revenue and that topped analysts' expectations, but missed on the bottom ...

  • Brazil Post Election: Class Struggle, Impeachment? @ Barrons.com - 1 hour 54 minutes ago

    Brazil's Sunday presidential election has revealed tears in the fabric of Brazil's society and its economy. This week, the Bovespa Index has lost 7% of its value, and while it rallied 2% Friday, it's barely in positive territory for the year. Among the worst-performing Brazil funds: the EGShares Brazil Infrastructure …

  • [$$] Airline Earnings to Keep Flying High @ Barrons.com - 2 hours 20 minutes ago

    Below are some highlights of company-specific commentary for Alaska Air Group (ALK), Allegiant Travel (ALGT), American Airlines (AAL), JetBlue Airways (JBLU), Southwest Airlines (LUV), and United Continental (UAL). Alaska Air Group net income rose 27% from year-ago levels, and earnings-per-share of $1.47 exceeded our $1.44 …

  • Barclays' 11 Small & Midcap Companies to Buy Now @ Barrons.com - 2 hours 20 minutes ago

    Barclays' Venu Krishna and Elias Krauklis have come up with a list of 11 small and mid-sized companies that have improving fundamentals and solid risk/reward characteristics, including Buffalo Wild Wings ...

  • Celgene: What Happened to the Buybacks? @ Barrons.com - 2 hours 50 minutes ago

    There wasn't much to complain about in Celgene (CELG) earnings report yesterday, which caused the biotech company's shares to pop 6%. Bernstein's Geoffrey Porges and Wen Shi point to Celgene's declining ...

  • Yesterday, we learned that New York had its first reported case of Ebola but that hasn't stopped investors from piling into American Airlines (AAL), Delta Air Lines (DAL) and JetBlue (JBLU) today. Shares ...

  • Gold Rises for First Time in Four Days @ Barrons.com - 3 hours ago

    Gold prices rose for the first time in four days as the U.S. dollar declined and an Ebola diagnosis in New York City tempered the Street’s appetite for risk. The most actively traded contract, for December ...

  • Ford Motor: What Now? @ Barrons.com - 3 hours ago

    What looked to be a higher open for Ford Motor (F) has turned into a massive loss despite the fact that the automaker beat earnings forecasts. Sterne Agee's Michael Ward and Ali Faghri dig into Ford's numbers: Ford’s third quarter pretax earnings from global auto operations were down 70% versus the year-earlier period, …

  • This should be a good time for consumers--and consumer stocks like Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO) and Aeropostale (ARO)--given what should be a solid economic backdrop. Goldman Sachs' analyst Lindsay Drucker Mann and team don't quite know what's gone wrong but they don't think it will get better. …

  • Pandora Media (P:NYSE) By Susquehanna Financial ($23.12, Oct. 24, 2014) We are downgrading Pandora Media from Positive to Neutral and lowering our price target to $21 from $29. Pandora’s (P) third-quarter top-line results and forward guidance were fine.

  • Shares of chip stocks are undaunted today by a weaker-than-expected forecast yesterday afternoon from Freescale Semiconductor (FSL). Given the worries a week ago or so about the chip market broadly speaking, following a warning from Microchip Technology (MCHP), the semi names were vulnerable to any signs of broad weakness, …

  • Argentina's economy contracted in August after its July sovereign debt default. Capital outflows contributed to a seasonally-adjusted 0.9% slump in Argentina's economic activity in August, and the economy is on course to contract by 1% to 2% this year, writes Capital Economics' David Rees. As for Argentina's equity market, …

  • Our prior rating was founded on a robust EGM NA franchise, long-term revenue growth at ~20%+, AWS, and leverage appearing in the model. While much of that thesis still holds, following the 3Q print we see more uncertainty driving our LT revenue growth target lower (to ~18%) as topline trends in Media & Int'l look challenged …

  • Who is next? That’s the typical question investors ask whenever any industry undergoes a wave of consolidation. So as Todd Shriber at ETFTrends.com notes, investors are wondering which ETF provider will ...

  • The market peaked in June, then slumped, then recovered, then slumped again, and then tanked during the volatile trading session on Oct. 15, before bargain-hunters came rushing, to the tune of $1.7 billion in inflows to high-yield bond mutual funds and exchange-traded funds in the week ended Wednesday, pushing values right …

  • No matter who wins Brazil's presidential election on Sunday, Monday will bring clarity for Petrobras. Shares of state-controlled energy giant Petrobras, or Petroleo Brasileiro (PBR), have jumped 8% today ...

  • Brazil's market is rallying this morning on an otherwise mixed day for emerging markets, following a selloff in advance of Sunday's presidential election. The iShares MSCI Emerging Markets ETF (EEM) is up 0.4% and has moved higher by 3.5% this week. The iShares Latin America 40 ETF (ILF) is up 2.7%, while the iShares …

  • Sterne, Agee & Leach While the sharp correction in Brent and West Texas Intermediate (WTI) oil prices has generated a degree of uncertainty regarding energy spending at the margin, we believe engineering ...

  • Charles Schwab (SCHW) and Morningstar (MORN) have struck a deal. Under a licensing agreement announced Thursday, roughly 7,000 financial advisers who hold client assets in custody with Schwab will have access to global equity analyst reports and ratings for about 1,400 companies through a licensing agreement with the Morningstar. …

  • Gilead Sciences: Harvoni "Off to the Races" @ Barrons.com - 7 hours ago

    Gilead Sciences' (GILD) new Hepatitis-C treatment Harvoni just hit the market--and it's "off to the races," says UBS analyst Matthew Roden and team. They explain: Scripts for Gilead's Harvoni ...

  • Futures point to a lower open this morning after the first case of Ebola was reported in New York. S&P 500 futures have dropped 0.2%, while the Dow Jones Industrial Average futures have dipped 0.1% and  ...

  • In fact, one investment bank predicts the shares will more than double over the next five years. Fluor (FLR), based in Irving, Texas, designs, builds and maintains power plants, chemical and drug factories, bridges and other big structures. Long-term Fluor shareholders have made out handsomely, with a yearly total return …

  • Asia markets ex-Shanghai closed higher after a week of volatility. Japan roared back from last week's dump. The Nikkei 225 closed 5.2% higher. The Japanese equities, however, remains linked to the performance ...

  • Where Is The Connect? Shanghai Retreats @ Barrons.com - 12 hours ago

    Earlier this month, I talked about the Shanghai stock market playing catch-up to Hong Kong, as mainland Chinese investors piled in, anticipating that the valuation gap would close once the trading link ...

  • Kingsoft (3888.HK), parent company of U.S.-listed Cheetah Mobile (CMCM), issued a profit warning in Hong Kong today. Kingsoft now expects a "significant decline" in operating profit for the third quarter, quoting substantial increases in marketing, R&D, and share-based compensation. Shares of Kingsoft slumped 11.9% today. …

  • China Unicom (0762.HK/CHU) delivered solid third-quarter earnings by tight cost control. Total revenue fell 13.3% from a year ago to 75.9 billion yuan, but China Unicom managed to grow its earnings by ...

  • Great Wall Motor: Q3 Slumped, Where Is H8? @ Barrons.com - 19 hours ago

    Great Wall Motor (2333.HK) reported dismal third-quarter earnings. Vehicle sales volume dropped by 14% year-on-year. Administrative expenses ratio rose significantly to 6.4% from 6% in the second quarter, "caused by more R&D and other expenses booked for H8," said UBS. H8 is the flagship high-end SUV model Great Wall …

  • China Construction Bank (0939.HK) kicked off Chinese banks' earnings season with a miss. China Construction Bank reported that third-quarter net profit rose by only 5% to 59.6 billion yuan, 2.3% below ...

  • Networking equipment vendor Juniper Networks (JNPR) this afternoon reported fiscal Q1 revenue earnings per share in line with expectations, but forecast Q4 below expectations. Update: Juniper shares reversed earlier losses, rising 18 cents, or 0.9%, to $20.50, in late trading. Correction: A prior version of this post …

  • India Valuations At 3-Year High @ Barrons.com - 23 hours ago

    With the double-digit appreciation in India's stock market, shares are trading at a three-year high against global market equities. The India S&P BSE Senses Index is up 2.6% this week, and up more than ...

  • Investors Pour $1.7 Bln Into Junk-Bond Funds After Selloff @ Barrons.com - Thu, Oct 23, 2014 5:11 PM EDT

    I'd like to think that my latest Current Yield column had something to do with it, but the truth is lots of investors were salivating over high-yield bonds last week even before my column came out Saturday morning pointing out how cheap they'd gotten following last week's market volatility. Opportunistic investors rushed …

  • Qlik Tech Jumps 6%: Q3 Rev, EPS Beat, Q4 View Misses @ Barrons.com - Thu, Oct 23, 2014 4:45 PM EDT

    Enterprise data visualization and analytics software vendor Qlik Technologies (QLIK) this afternoon reported Q3 revenue and earnings per share that topped analysts' expectations, but forecast the quarter's revenue below consensus. Qlik shares are up $1.38, or almost 6%, at $26, in late trading.

  • Synaptics Drops 9%: FYQ1 Rev, EPS Miss; Q2 Rev View Misses @ Barrons.com - Thu, Oct 23, 2014 4:42 PM EDT

    Shares of touch-sensor technology maker Synaptics (SYNA) are down $6.78, or over 9%, at $66.49, after the company this afternoon missed analysts' fiscal Q1 revenue and earnings projections, and forecast this quarter's revenue lower as well, citing weaker-than-expected trends in the mobile computing market. CEO Rick Bergman …

  • KLA-Tencor Surges 16%: Sets Leveraged Recap, $16.50/Sh Dividend @ Barrons.com - Thu, Oct 23, 2014 4:31 PM EDT

    Chip equipment supplier KLA-Tencor (KLAC) this afternoon reported fiscal Q1 revenue and earnings per share that topped analysts' expectations, and announced a recapitalization involving stepped-up buybacks and a one-time cash dividend. KLA said it had decided upon "a plan to significantly accelerate its strategy to drive …

  • When they said volatility had returned to the stock market, they weren't kidding. The Dow Jones Industrial Average gained 216.58 points, or 1.3%, to 16,577.90 today, the ninth move of 200 points or more in either direction in 17 trading days so far this month. The S&P 500, meanwhile, gained 1.2% to 1,950.82, the Nasdaq …

  • Freescale Semi Slips: Q3 EPS Beats, Q4 Rev View Misses @ Barrons.com - Thu, Oct 23, 2014 4:18 PM EDT

    Chips maker Freescale Semiconductor (FSL) this afternoon reported Q3 revenue in line with analysts' expectations, and earnings per share better than expected, but forecast this quarter's revenue below consensus. Freescale's CEO, Gregg Lowe, said the company's "improving profitability and cash flow generation demonstrate …

  • Pandora Drops 7% Despite Q3 Beat, Higher Q4 View @ Barrons.com - Thu, Oct 23, 2014 4:09 PM EDT

    Internet radio purveyors Pandora Media (P)  this afternoon reported Q3 revenue and earnings per share that topped analysts' expectations, and a higher-than-expected Q4 view, but still saw its shares sink in late trading. Revenue in the three months ended in September rose to $239.6 million, yielding EPS of 9 cents.

  • Microsoft Rising: FYQ1 Beats; Surface Tablet Finally Profitable @ Barrons.com - Thu, Oct 23, 2014 4:06 PM EDT

    Microsoft (MSFT) this afternoon reported fiscal Q1 revenue and earnings per share that topped analysts' expectations. Microsoft stock is up 89 cents, or 2%, at $45.86, in late trading. Excluding that expense, the profit number would have been 65 cents per share, against a Street comparable of 55 cents, according to Microsoft. …

  • Amazon Drops 10%: Q3 Rev, Net Loss Miss, Q4 View Misses @ Barrons.com - Thu, Oct 23, 2014 4:05 PM EDT

    Amazon.com (AMZN) this afternoon reported Q3 revenue that missed analysts' expectations, and a worse-than-expected net loss per share, and forecast this quarter's revenue below consensus as well. Revenue ...

  • Lattice Slips: Q3 Revenue Misses, EPS Beats @ Barrons.com - Thu, Oct 23, 2014 4:03 PM EDT

    Chip maker Lattice Semiconductor (LSCC) this afternoon reported fiscal Q3 revenue that missed analysts' estimates, but earnings per share that beat. Revenue in the three months ended in September rose ...

  • Selling Petrobras Volatility In Brazil @ Barrons.com - Thu, Oct 23, 2014 3:58 PM EDT

    Shares of Brazil's state-controlled oil company Petrobras have caused whiplash this year, and one derivatives expert recommends selling the volatility headed into Sunday's presidential election. Dilma Rousseff, shares of Petroleo Brasileiro (PBR) tumbled 5.6% today to $12.11. Brazil's Bovespa index is down 3.2% today, …

  • Lululemon: The Future's So Bright I Gotta Wear Yoga Gear @ Barrons.com - Thu, Oct 23, 2014 3:29 PM EDT

    We haven't had many reasons to talk about Lululemon Athletica (LULU) recently. Analysts had seemingly unconditional love for Lululemon before its recent troubles, and now that it's on the upswing--Lululemon's up 11% during the past three months, even if it's down 30% on the year--it’s no surprise that the love is getting …

  • [$$] Bet the Farm on Tractor Supply? @ Barrons.com - Thu, Oct 23, 2014 3:14 PM EDT

    Tractor Supply (TSCO: Nasdaq) By Raymond James ($61.30, Oct. 23, 2014) We are upgrading Tractor Supply to Strong Buy from Market Perform and setting a price target of $78. Tractor Supply (ticker: TSCO) ...

  • Alexion Pharmaceuticals: Nice Earnings, Too Expensive? @ Barrons.com - Thu, Oct 23, 2014 3:08 PM EDT

    On a day when biotech stocks like Gilead Sciences (GILD), Regeneron Pharmaceuticals (REGN) and Celgene (CELG) are flying, few are flying higher than Alexion Pharmaceuticals (ALXN). Alexion has gained 7.1% after the biotech company reported a profit of $1.27 a share, topping analyst forecasts for $1.15. Alexion also raised …

  • The Urban Outfitters Roller Coaster Continues @ Barrons.com - Thu, Oct 23, 2014 3:07 PM EDT

    It’s hard to know just how to describe the ride “stuff”-retailer extraordinaire Urban Outfitters (URBN) has taken investors on over the past few weeks. We’re thinking about going with “psychotic roller coaster,” but obviously, we’re open to suggestions. Just a few short weeks ago, Urban Outfitters said it planned to double …

  • Gold Falls as Stocks Rise; GLD Falls 0.8% @ Barrons.com - Thu, Oct 23, 2014 3:05 PM EDT

    Gold futures fell after global economic concerns eased and U.S. stocks rose, curbing demand for the precious metal as a haven. Gold futures for December delivery declined 1.28% to $1,229.50 on the Comex ...

  • 5 Dividend-Paying Stocks With Beaten-Down Prices @ Barrons.com - Thu, Oct 23, 2014 2:43 PM EDT

    By Michael Vallo You don’t have to be an income investor to like dividend stocks, especially when they've been beaten down like Baker Hughes (BHI) and Oshkosh (OSK) have. Don Wordell only buys dividend-paying companies, and yet the RidgeWorth Mid-Cap Value Fund (SAMVX) yields less than 1%. Wordell isn’t in it for the …

  • Here are some things going on today in your world of tech:  Facebook (FB) hit a new all-time high today of $80.59, now up $2.12, or 2.7%, at $80.49. News reports noted founder and CEO Mark Zuckerberg held a Q&A session in China to practice his Chinese language skills.  Facebook reports Q3 results next Tuesday, after the …

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