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Salesforce stock hits records after analyst price target hikes

Wallace Witkowski

Salesforce.com Inc. (crm) shares rallied to an all-time high Wednesday and were on track for their highest close ever following a round of price target hikes from analysts. Shares of Salesforce hit an intraday high of $145.64, and were last up 2.2% at $145.57, which would be a new closing record for the stock. On Tuesday, Oppenheimer analyst Brian Schwartz hiked his price target on Salesforce to $160 from $152, adding to a series of July price target hikes.

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    Motley Fool

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    The heavy-duty gas turbine is actually one of the success stories of GE Power in recent years, and there's a case for arguing that if it hadn't been so successful, then GE's power segment would be in even deeper trouble. A combination of weaker than expected gas turbine demand in 2017 and a dismal outlook for 2018-2020 from both GE and Siemens has caused GE to cut its power segment guidance by some $500 million this year alone. The chart below shows how GE has lowered its guidance for heavy-duty gas turbines in 2018.

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    Business
    Motley Fool

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    Business
    Simply Wall St.

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    Motley Fool

    Why CenturyLink, Jabil, and Neogen Slumped Today

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  • Business
    Benzinga

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    KeyBanc analyst Weston Twigg on Tuesday initiated coverage on 10 popular semiconductor stocks and downgraded another, but his across-the-board Sector Perform ratings suggest he’s not particularly confident in semis at the moment. “We're constructive on the long-term trajectory of the industry as new demand drivers emerge,” Twigg said. Twigg said semi companies with larger scale will likely be able to navigate the current environment best by investing in acquisitions and research.

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    Business
    Motley Fool

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    Fresh off news that it was buying Pandora Media (NYSE: P), Sirius XM (NASDAQ: SIRI) slumped 8% early on Monday. Pandora helps extend Sirius's reach into cars and other mobile locations, where Pandora is especially strong. Meanwhile, Sirius's content differentiates the streamer from rival offerings at Apple (NASDAQ: AAPL) and Spotify (NYSE: SPOT).

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    CNBC

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    Politics
    Fox Business Videos

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  • Business
    MarketWatch

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    Business
    Motley Fool

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    Time

    Why Trump Couldn’t Really Stop the Mueller Investigation—Even if He Fired Rosenstein

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    Market Realist

    Analysts See a Strong Upside in Novavax Stock

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    Business
    Motley Fool

    My 2 Favorite Dividend Stocks With 4% Yields

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  • Stocks fall amid report that Deputy Attorney General Rod Rosenstein is resigning
    Politics
    Fox Business Videos

    Stocks fall amid report that Deputy Attorney General Rod Rosenstein is resigning

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    Business
    Motley Fool

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  • Business
    Benzinga

    Oppenheimer Technical Analyst On GE: 'Stay Away'

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    Business
    Motley Fool

    Micron Hides Another Key Metric From Investors

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  • Business
    Benzinga

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  • Walmart Embraces IBM's Blockchain Tech
    Business
    Motley Fool

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  • Verizon offers separation plans to thousands of management employees
    Finance
    Reuters

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    Business
    Market Realist

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    Business
    Reuters

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  • Business
    Motley Fool

    Why General Electric Shareholders Will Need a Lot of Patience

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    Business
    Market Realist

    Why Is Amarin’s Stock Price Soaring?

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  • Why Geron Corporation Stock Is Bolting Higher Today
    Business
    Motley Fool

    Why Geron Corporation Stock Is Bolting Higher Today

    Shares of the clinical-stage biotech Geron Corporation (NASDAQ: GERN) rose by as much as 12.19% in early-morning trading today on heavier-than-normal volume. The decision, if positive, could result in a massive short squeeze in Geron's stock. Fortunately, bulls and bears alike don't have long to wait to find out J&J's final decision.