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CLSA Downgrades Halliburton Company To Underperform
Monday, April 20, 2015 - 8:40am | 51Read More...Analysts at CLSA downgraded Halliburton Company (NYSE: HAL) from Outperform to Underperform. Halliburton shares have dropped 25.48 percent over the past 52 weeks, while the S&P 500 index has gained 11.18 percent in the same period. Halliburton shares rose 0.77 percent to $47.25 in pre-market...
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CLSA Downgrades Lululemon Athletica To Underperform
Monday, April 20, 2015 - 8:37am | 54Read More...Analysts at CLSA downgraded Lululemon Athletica inc. (NASDAQ: LULU) from Outperform to Underperform. Lululemon Athletica shares have surged 35.93 percent over the past 52 weeks, while the S&P 500 index has gained 11.18 percent in the same period. Lululemon Athletica shares fell 0.67 percent...
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Here's Why The Strong U.S. Dollar Is Hurting Microsoft
Monday, April 13, 2015 - 10:39am | 424Read More...CLSA Americas on Monday issued a company update on Microsoft Corporation (NASDAQ: MSFT) reducing earnings estimates due to the strong U.S. dollar. CLSA rates Microsoft as Outperform and lowered its price target from $51 to $50. Analysts Ed Maguire and Clarence Chen wrote, “We’re...
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CLSA Analyst Explains Reasons Behind Tesla Downgrade
Friday, March 27, 2015 - 2:33pm | 311Read More...Andrew Fund, CLSA analyst, downgraded Tesla Motors Inc (NASDAQ: TSLA) to Underperform from Outperform and reduced his price target from $275 to $220 on Wednesday. Fund was on CNBC to explain the reasons behind the downgrade. Margins Will Decline Sequentially "I think some of the...
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CLSA Downgrades Tesla Motors To Underperform
Wednesday, March 25, 2015 - 8:54am | 51Read More...Analysts at CLSA downgraded Tesla Motors, Inc. (NASDAQ: TSLA) from Outperform to Underperform. Tesla Motors shares have dropped 5.28% over the past 52 weeks, while the S&P 500 index has surged 12.90% in the same period. Tesla Motors' shares fell 1.97% to $197.75 in pre-market trading.
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US Stock Futures Flat Ahead Of Durable-Goods Orders Data
Wednesday, March 25, 2015 - 7:26am | 442Read More...Pre-open movers US stock futures traded mostly flat in early pre-market trade. Data on durable goods orders for February will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average gained 1 point to 17,950.00, while the Standard & Poor's 500 index futures rose 1.15 points to...
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CLSA Downgrades Eastman Chemical To Underperform
Monday, March 16, 2015 - 8:56am | 63Read More...Analysts at CLSA downgraded Eastman Chemical Company (NYSE: EMN) from Outperform to Underperform. The price target for Eastman Chemical has been lowered from $95.00 to $73.00. Eastman Chemical shares have dropped 17.65% over the past 52 weeks, while the S&P 500 index has surged 10.47% in the...
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CLSA Analyst: We Will Know 5 Days From Now Whether Citigroup's CEO Still Has A Job
Friday, March 6, 2015 - 4:21pm | 390Read More...Giving a respite to Wall Street, all 31 banks subjected to Federal Reserve's stress test have cleared the first round. Mike Mayo, CLSA bank analyst, was on CNBC Friday to weigh in on this and to discuss why the second round of the stress test is so crucial for Citigroup Inc (NYSE: C) CEO...
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CLSA Analyst: Long-Term Investors Could Start To Build A Position In IBM At These Levels
Friday, February 27, 2015 - 9:12am | 353Read More...Although International Business Machines Corp. (NYSE: IBM) has been disappointing analysts and investors the last few quarters, at its Investor's Day meeting on Thursday the company shared an optimistic outlook for the future, especially for its high growth businesses or ‘strategic...
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This Analyst Thinks Morgan Stanley And The Seattle Seahawks Have A Lot In Common
Tuesday, January 20, 2015 - 4:13pm | 357Read More...Morgan Stanley (NYSE: MS) missed its fourth quarter earnings estimate when it declared results on back of weaker bond trading revenues. Mike Mayo, CLSA analyst, was on CNBC to dissect the bank’s financial results. "Morgan Stanley lost the quarter, but won the year," Mayo...
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Analysts Cautious On Lululemon Athletica
Friday, December 12, 2014 - 2:50pm | 258Read More...Lululemon Athletica inc. (NASDAQ: LULU) beat third-quarter expectations by 10 percent recently, but a couple of analysts cautioned against chasing its shares in light of a disappointing outlook. The apparel company is up 43 percent from June lows, and traded recently at $52.65, up 3.3 percent...
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Cramer: Yum! Brands 'Certainly Lets McDonald's Look A Lot Better'
Wednesday, December 10, 2014 - 2:29pm | 401Read More...Yum! Brands, Inc. (NYSE: YUM) fell drastically after the company announced cutting its profit forecast for the year 2014. In notes to clients, the company informed shareholders that its EPS will rise by a mid-single-digit percentage (excluding some items), which is significantly lower than the...
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Analysts Mainly Bullish On Rackspace Hosting Inc Following Decision To Remain Independent
Wednesday, September 17, 2014 - 4:54pm | 225Read More...Shares of Rackspace Hosting Inc (NYSE: RAX) experienced a significant reduction in share price Wednesday following the company’s decision to remain and independent public firm and not authorize a share repurchase program at this time. Subsequent to this decision, analysts at multiple...
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Dow Sets New Intraday High; Citigroup Impresses With Earnings
Monday, July 14, 2014 - 4:44pm | 2632Read More...U.S. stocks rose as earning season unofficially kicked off with Citigroup reporting better than expected earnings. The Dow Jones Industrial average set new intra-day records, hitting an all time high of 17,088.43 as investors appear to be comfortable with holding blue chips instead of...
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GT Advanced Technologies Down Sharply On iPhone Production Concerns
Monday, July 14, 2014 - 11:43am | 268Read More...GT Advanced Technologies (NASDAQ: GTAT) shares are trading sharply lower following AppleInsider concerns and comments from CLSA analyst Mark Heller. AppleInsider According to AppleInsider, the rumored 5.5-inch iPhone is facing production issues, which may push back launch to 2015. GT Advanced...
