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Canaccord raises Grubhub’s price target to $52 street high

Grubhub’s price target was raised from $44 to $52 by Canaccord. Analyst Maria Ripps expects gross food sales growth to accelerate in the second half of 2020 due to the expanding restaurant selection and deepening loyalty programs.

  • Coronavirus and Mideast tensions aren’t the stock market’s biggest problems this week, strategist warns
    Business
    MarketWatch

    Coronavirus and Mideast tensions aren’t the stock market’s biggest problems this week, strategist warns

    He said the S&P 500 (SPX)could see a pullback of as much as 5%. Stocks are relatively priced for perfection, and you tend to have a bit of an overreaction to bad news or in-line news when that happens,” he continued. With a crowded slate of earnings on tap, Hogan warned that it will probably be the biggest winners getting the biggest haircuts.

  • Dow Jones Futures Plunge As Coronavirus Spreads Rapidly; Apple, Tesla Lead Huge Earnings Week
    Business
    Investor's Business Daily

    Dow Jones Futures Plunge As Coronavirus Spreads Rapidly; Apple, Tesla Lead Huge Earnings Week

    Dow Jones futures tumbled Monday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally retreated last week on China's coronavirus, which has continued to spread rapidly. Meanwhile, Apple, Advanced Micro Devices, Tesla, Microsoft and Facebook headline a huge week for earnings.

  • How the stock market has performed during past viral outbreaks, as epidemic locks down 16 Chinese cities
    Business
    MarketWatch

    How the stock market has performed during past viral outbreaks, as epidemic locks down 16 Chinese cities

    According to Dow Jones Market Data, the S&P 500 posted a gain of 14.59% after the first occurrence of SARS back in 2002-03, based on the end of month performance for the index in April, 2003. About 12 months after that point, the broad-market benchmark was up 20.76% (see attached table): SARS resulted in a total of about 8,100 people being sickened during the 2003 outbreak, with 774 people dying, according to data from WHO and the Centers for Disease Control and Prevention. Separately, the S&P 500 rose 11.66% in the roughly six months following reports of the 2006 Avian flu virus — a fast-moving pathogen also known as H5N1.

  • One of the most successful stock-market investors says these 3 events ‘would definitely trigger a bear market’
    Business
    MarketWatch

    One of the most successful stock-market investors says these 3 events ‘would definitely trigger a bear market’

    Stanley Druckenmiller, one of Wall Street's most successful investors, acknowledges that the markets are riding high and that investors may be able to finally breathe freely in the short term after a number of shocks, but says investors should be wary of three events that could knock assets into a bear market. One of the reasons I'm pretty sanguine right now is I think we're close enough to the election, at least we can breathe for a few months,” he told Bloomberg Television during a recent interview. But there are a trio of situations that could upend that optimism — and perhaps permanently.

  • Business
    MarketWatch

    All 30 Dow stocks are falling, with Apple and Boeing the biggest drags

    All 30 of the Dow Jones Industrial Average's (djia) components are falling in premarket trading Monday, as the anxiety grows over the spreading of the corovnavirus that originated from China. The biggest drags on the Dow, which is a price-weighted index, are the selloffs in the shares of Apple Inc. (aapl) and Boeing Co. (ba) Apple's stock fell 2.5%, while the implied price decline was shaving about 54 points off the Dow's price.

  • Why the coronavirus outbreak could trigger a stock-market pullback
    Business
    MarketWatch

    Why the coronavirus outbreak could trigger a stock-market pullback

    However, the missing ingredient to temporarily halt the advance in the market has been a catalyst,” said Jeff deGraaf, chairman of Renaissance Macro Research, in a Friday note. U.S. stocks gave up early gains Friday, trading lower as the death toll in China mounted and after the Centers for Disease Control and Prevention confirmed a second case in the U.S. Cases have turned up in other countries as well, including Japan, Taiwan, South Korea and Singapore. The S&P 500 index (SPX) fell 0.9% Friday, for its biggest one-day loss since Oct. 8, while the Dow Jones Industrial Average (DJIA) 170.36 points, or 0.6%.

  • Adam Schiff's Closing Remarks at Impeachment Trial Disturbs Some GOP Senators
    Politics
    Meredith Videos

    Adam Schiff's Closing Remarks at Impeachment Trial Disturbs Some GOP Senators

    Senate Republicans said lead impeachment prosecutor Adam Schiff insulted them during the trial by repeating an anonymously sourced report that the White House had threatened to punish Republicans who voted against President Donald Trump.

  • U.S. stock futures fall sharply as worries over spread of China’s coronavirus intensifies
    Business
    MarketWatch

    U.S. stock futures fall sharply as worries over spread of China’s coronavirus intensifies

    U.S. stock futures indicated sharp losses for major indexes on Monday, continuing a drop seen from late last week, as concern grows over the fallout from China's coronavirus, with the death toll and number of infected climbing dramatically from last week. Worries about the spread of the China virus drove stocks to their lowest levels in over a week on Friday. The Dow (DJIA) closed down 170.36 points, or 0.6%, at 28,989.73, while the S&P 500 (SPX) lost 0.9% to finish at 3,295.47.

  • This basket of dividend growth stocks can help your portfolio stand out in 2020
    Business
    MarketWatch

    This basket of dividend growth stocks can help your portfolio stand out in 2020

    Analysts at Goldman Sachs are highlighting a “dividend growth basket” of stocks at a time when valuations for the U.S. stock market have shot up to their second-highest level since June 2002. In the firm's recent “U.S. Weekly Kickstart” report Jan. 3, the analysts, led by David Kostin, recommended investors be cautious and look for “growth at a reasonable price,” but also included a group of dividend stocks with low price-to-earnings valuations relative to the S&P 500 (SPX) that also appear likely to continue raising their dividend payouts more quickly than the broader market.

  • News
    TheStreet.com

    Coronavirus, Dow Futures Plunge, Google and Kobe Bryant - 5 Things You Must Know Monday

    Stock futures sank Monday and global markets fell sharply as investors weigh both the human and economic costs of the accelerating spread of the deadly coronavirus, which has killed 80 people and expanded to at least 10 different countries. Five cases of coronavirus have been confirmed in the United States. China's National Health Commission has confirmed more than 2,700 cases of the deadly disease and cautioned that its incubation period could be as long as 14 days, creating a new challenge for authorities around the world attempting to screen visitors from China who might be carrying the virus.

  • Business
    Financial Times

    Fidelity chief on becoming the fund house to fear

    When Fidelity International moved into its new London headquarters last year, chief executive Anne Richards spotted a problem. Ms Richards' phone and computer are typically found on a desk in the open-plan floor where her investment colleagues sit. An engineer by training, who once applied to be an astronaut, Ms Richards is interested in the geeky aspects of the investments business.

  • Toll Brothers gears up to sell 2,200 homes in the West Valley
    Business
    American City Business Journals

    Toll Brothers gears up to sell 2,200 homes in the West Valley

    The 780-acre community includes 13 model homes and three community pools. It also will include an 18-hole Jack Nicklaus-designed private golf facility, which is the first golf course to be built in the West Valley in nearly a decade. The golf course is expected to be completed by January 2021, with a 35,000-square-foot clubhouse to be completed soon after, said Ryan Stemsrud, general manager for Sterling Grove Golf Club.

  • No Survivors in Helicopter Crash That Killed Kobe Bryant, Eight Others
    U.S.
    WSJ

    No Survivors in Helicopter Crash That Killed Kobe Bryant, Eight Others

    Kobe Bryant, the former Los Angeles Lakers superstar, died in a helicopter crash on Sunday, NBA officials confirmed to league employees. He was 41 years old. Bryant's 13-year-old daughter, Gianna, was also killed in the crash.

  • Roth IRA Contributions with No Job?
    Business
    Investopedia

    Roth IRA Contributions with No Job?

    The internal Revenue Service (IRS) gets a little grumpy if you contribute to a Roth individual retirement account (IRA) without what it calls earned income. You don't necessarily need a formal job to contribute to a Roth IRA. Although it's not true in all cases, if you're paying taxes on any type of income from working, there's a good chance that you can make Roth IRA contributions.

  • Tesla earnings: Will results help keep the rally alive?
    Business
    MarketWatch

    Tesla earnings: Will results help keep the rally alive?

    The company will have to convince investors that its fundamentals justify the string of record highs the stock has hit since mid-December. Investors will zero in on Tesla's 2020 sales outlook, said Garrett Nelson, an analyst with CFRA. Generally, we think the recent stock price run-up has greatly raised the bar in terms of expectations and elevated the risk of disappointment,” he said.

  • Young trader’s epic Beyond Meat stock misfire: ‘Biggest mistake of my life’
    Business
    MarketWatch

    Young trader’s epic Beyond Meat stock misfire: ‘Biggest mistake of my life’

    For veteran Wall Street types, $12,000 is a rounding error, but for a guy getting his feet wet in the options pits, losing that much will leave a scar. Unfortunately, that's what happened this week to an anonymous trader whom we'll call “Juice,” if the sob story he shared on Reddit is accurate. “I thought I'd give options a try because I was doing pretty well swing trading and it was probably the biggest mistake of my life,” he wrote in a post.

  • Virus Fears Batter Stocks and Oil as Bonds Surge: Markets Wrap
    Business
    Bloomberg

    Virus Fears Batter Stocks and Oil as Bonds Surge: Markets Wrap

    Intensifying concern about the economic and human impact of the deadly coronavirus sent stocks, oil and China's yuan tumbling Monday while spurring haven assets. Treasuries gained and Italian bonds jumped after regional elections. Contracts on the main U.S. equity benchmarks fell, signaling a weak open on Wall Street following Friday's losses.

  • 3 Monster Growth Stocks That Are Ready for the Next Leg Higher
    Business
    TipRanks

    3 Monster Growth Stocks That Are Ready for the Next Leg Higher

    With no price increases expected for three years and little to no competition anticipated from Novartis' recently released ADAKVEO antibody treatment for sickle cell disease, the analyst thinks the market opportunity is large. Bearing this in mind, she bumped up the price target from $120 to $143 in addition to maintaining her bullish call. To watch Moussatos' track record, click here) In terms of the rest of the Street, a majority of analysts also see GBT as a Buy, 13 out of 16 to be exact.

  • Fed starts some tricky communications with financial markets this week
    Business
    MarketWatch

    Fed starts some tricky communications with financial markets this week

    The Federal Reserve seems on course to disappoint financial markets at some point this year, but maybe not this week. Starting early in 2019, the Fed has consistently moved in a market-friendly direction. The central bank cut rates its benchmark interest rate three time since July and started expanding its balance sheet in October at a $60 billion per-month pace of Treasury bill purchases.

  • Norway tells Toyota to stop calling hybrid cars “self-charging”
    Business
    Quartz

    Norway tells Toyota to stop calling hybrid cars “self-charging”

    Toyota pioneered the hybrid-electric Prius in 1997, but it has steered clear of developing all-electric cars. Executive vice-president Shigeki Terashi said last June that the company's policy toward battery-electric vehicles hasn't changed, citing a limited supply of batteries. “We are not shifting our focus to prioritize battery EVs, nor are we abandoning our [hydrogen fuel cell] strategy,” he said.

  • U.S. Index Futures Slide as Virus Spread Saps Risk Demand
    Business
    Bloomberg

    U.S. Index Futures Slide as Virus Spread Saps Risk Demand

    S&P 500 Index futures contracts expiring in March fell as much as 1.3% as of 8:50 a.m. in London, after China extended the Lunar New Year holiday for an unspecified period of time to help stem the spread of the coronavirus that has killed at least 80 people. Italy's FTSE MIB Index outperformed after Matteo Salvini, leader of the anti-immigrant League party, suffered a defeat in a key regional vote. President Xi Jinping on Saturday ordered a faster response to the viral outbreak, sending teams into hard-hit areas to push local officials to strengthen prevention and containment.

  • Business
    Financial Times

    Five things to watch out for in Apple’s earnings

    The rally leaves expectations high for the company's first-quarter results on Tuesday, with analysts projecting that slightly lower sales for the iPhone, iPad, Mac and MacBook will be offset by faster growth in services and wearables. The holiday period is Apple's most important quarter by far. Apple is expected to report revenues up almost 5 per cent to $88.1bn, just shy of its record high two years ago.

  • Pfizer Inc. (NYSE:PFE) Looks Interesting, And It's About To Pay A Dividend
    Business
    Simply Wall St.

    Pfizer Inc. (NYSE:PFE) Looks Interesting, And It's About To Pay A Dividend

    Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. That's why it's good to see Pfizer paying out a modest 49% of its earnings. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow.

  • AMD earnings: Intel’s data-center surge will be a tough act to follow
    Business
    MarketWatch

    AMD earnings: Intel’s data-center surge will be a tough act to follow

    Advanced Micro Devices Inc.'s sales of server chips may get heightened scrutiny following a surprise jump in data-center sales reported by larger rival Intel Corp. AMD (AMD) shifted the power balance against bigger rival Intel Corp. (INTC) last year as it released its 7-nm “Rome” chips while Intel failed to bring its 10-nm chip to the market. AMD's forceful re-entry into the server business, which had been completely dominated by Intel for many years, was a big part of its turnaround.

  • Head of U.S.’ largest bank says central banks are fueling a sovereign debt bubble, negative-rates won’t ‘end well’
    Business
    MarketWatch

    Head of U.S.’ largest bank says central banks are fueling a sovereign debt bubble, negative-rates won’t ‘end well’

    Jamie Dimon doesn't have much positive to say about negative interest rates in Europe and Japan or public policy in the United States during the past decade. The JPMorgan Chase & Co. (JPM) Chairman and CEO blasted the policy of negative interest rates adopted in Europe and Japan during an interview with CNBC, while arguing that economic growth in the U.S. could have been nearly double its actual rate if the government policy had been better. Dimon took aim at fiscal and other economic policies in place at the U.S. federal level.