Shares of Nvidia NVDA were down more than 2% shortly after the open Thursday as investors reacted to a fresh research note from Morgan Stanley that raised questions about performance in the company’s gaming division. Morgan Stanley analyst Joseph Moore in a note to clients Thursday described Nvidia’s gaming data points as “mixed” and said […]
Why Warren Buffett Keeps Buying Apple and Bank Stocks
Warren Buffett and his right-hand Charlie Munger seem sweet on the world’s largest company, Apple (NASDAQ: AAPL). But that’s not the only stock his company, Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B), has recently bought. The legendary investor also added to his positions in several big banks according to recent 13-F filings. But Buffett didn’t just buy. Berkshire also […]
Under Armour to cut 400 more jobs in turnaround push, shares rise
By Aishwarya Venugopal (Reuters) – Under Armour Inc (UA.N) (UAA.N) announced 400 job cuts on Thursday and raised its forecast for adjusted profit to the high-end of an earlier range, deepening cost-cuts in the face of rising competition from Nike (NKE.N) and Adidas (ADSGn.DE). The company’s shares rose over 5 percent to $19.74 in early […]
Surface Oncology Offers ‘Robust Pipeline,’ Baird Says In Bullish Initiation
Clinical-stage biopharma Surface Oncology, Inc. (NASDAQ: SURF) has developed a prosperous pipeline that targets the tumor micro-environment and leverages the innate and adaptive immune system, according to Baird Equity Research. The Analyst Analyst Michael Ulz initiated coverage of Surface Oncology with an Outperform rating and $23 price target. The Thesis In the next few years, Ulz […]
GE says four HA turbines in U.S. shut down due to blade problem
By Alwyn Scott (Reuters) – General Electric Co (GE.N) said on Thursday that four of its flagship power turbines in the United States have been shut down due to a problem with turbine blades that was discovered at an electrical power plant in Texas owned by Exelon Corp (EXC.N). The emailed statement to Reuters went […]
New U.S. LNG projects, enough to double exports, on verge of launch
* FERC filings show progress of terminal commissioning * Initial cargoes sold on spot basis before contracts triggered * Between 1.0 and 2.5 mln tonnes could hit spot market in Q1 By Sabina Zawadzki LONDON, Sept 20 (Reuters) – New U.S. liquefied natural gas terminals with enough capacity to double U.S. exports have either begun […]