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Citi Previews Steel Sector Earnings, Says US Steel May Outperform
Tuesday, July 11, 2017 - 10:32am | 417Read More...With second-quarter North American steel earnings just around the corner, Citigroup analyst Alexander Hacking recently provided investors with a brief preview of what they should expect. While Citi isn’t anticipating industry-wide strength for steel stocks, Hacking said United States Steel...
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Nvidia, Baidu And AI
Monday, July 10, 2017 - 10:20am | 360Read More...NVIDIA Corporation (NASDAQ: NVDA) is continuing to work to help drive the artificial intelligence industry and has a new partner. In a recent note, Citigroup analyst Atif Malik highlighted Nvidia’s and Baidu Inc (ADR) (NASDAQ: BIDU)'s recent partnership announcement. This partnership will...
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Citi: Apple Could Benefit From An Athenahealth Acquisition
Thursday, June 15, 2017 - 1:19pm | 623Read More...Apple Inc. (NASDAQ: AAPL) is looking to turn the iPhone into a central repository for the entirety of a person’s health data, according to CNBC. Doing so would be a huge step above the current wellness tracking done by the Health app installed on iPhones and Apple Watches. The app can already...
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Q1 Checks Suggest Fitbit No Longer Owning The Wearables Market
Tuesday, June 6, 2017 - 9:54am | 287Read More...Citigroup analyst Stanley Kolver reiterated a Sell rating for Fitbit Inc (NYSE: FIT) with a price target of $5. The analyst is concerned by slipping wearables market share, currently at 12 percent after the first quarter and down from 23 percent year over year. The former No. 1 in the market...
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A Peek Into The Markets: U.S. Stock Futures Edge Higher Ahead Of Economic Reports
Thursday, June 1, 2017 - 7:40am | 484Read More...Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade. The Challenger job-cut report for May is schedule for release at 7:30 a.m. ET, while the ADP national employment report for May will be released at 8:15 a.m. ET. Data on initial jobless claims for the latest week...
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The Sentiment On Workday Could Not Be More Bullish
Friday, May 26, 2017 - 2:32pm | 318Read More...Human capital management software provider Workday Inc (NYSE: WDAY) sentiment could not be more bullish, according to Citigroup. It appears the firm is taking a contrarian view on the company however, reiterating a Sell rating. Bullish Sentiment Remains, But Citi Stays At Sell “Workday is...
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Is The Selloff In Goldman Sachs A Buying Opportunity?
Tuesday, April 25, 2017 - 3:21pm | 397Read More...Goldman Sachs Group Inc (NYSE: GS) shares are up 5.2 percent in the past five trading sessions after the company released disappointing first-quarter earnings numbers. The market initially punished Goldman for the miss, the worst among its peer group, but investors have since swooped in to buy...
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A Look At Citigroup's Q1 Earnings Beat
Thursday, April 13, 2017 - 8:34am | 333Read More...Citigroup Inc (NYSE: C) reported its first quarter results Thursday morning. Citigroup said it earned $1.35 per share in the first quarter on revenue of 18.1 billion; analysts were expecting the company to earn $1.24 per share on revenue of $17.8 billion. Net income for the quarter rose from $3.5...
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Citigroup, Wells Fargo Upped By KBW Ahead Of Q1 Earnings
Wednesday, April 5, 2017 - 1:54pm | 495Read More...Higher rates have Keefe, Bruyette & Woods analysts optimistic about bank earnings, and the firm upgraded both Citigroup Inc (NYSE: C) and Wells Fargo & Co (NYSE: WFC) Wednesday. KBW upgraded both banks from Market Perform to Outperform. Analysts Brian Kleinhanzl and Michael Brown raised...
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A Peek Into The Markets: U.S. Stock Futures Down Ahead Of Jobless Claims, GDP Data
Thursday, March 30, 2017 - 7:35am | 450Read More...Pre-open movers U.S. stock futures traded lower in early pre-market trade. Data on GDP for the fourth quarter and jobless claims will be released at 8:30 a.m. ET. Cleveland Federal Reserve Bank President Loretta Mester is set to speak in Chicago, Ill. at 9:45 a.m. ET, while Dallas Federal Reserve...
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Wall Street May Not Be As Bullish On Snapchat As It Seems
Monday, March 27, 2017 - 4:15pm | 483Read More...Snap Inc (NYSE: SNAP) shares rose 4.5 percent on Monday after a flood of Wall Street analyst published bullish research notes on the company. While Snap investors are enjoying fresh bullish commentary from firms such as Citigroup, Deutsche Bank, Credit Suisse, Goldman Sachs, Jefferies, Morgan...
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A Peek Into The Markets: U.S. Stock Futures Gain Ahead Of Economic Data
Thursday, March 16, 2017 - 7:38am | 430Read More...Pre-open movers U.S. stock futures traded higher in early pre-market trade. Data on housing starts for February, initial jobless claims and the Philadelphia Fed general conditions index for March will be released at 8:30 a.m. ET. The Labor Department's JOLTS report for January will be released...
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Citi Sounds The Alarm Over Owning French Bank Stocks
Wednesday, March 15, 2017 - 9:45am | 358Read More...France's national election to determine the head of state could be confusing for many given its multi-round voting system. One thing is clear, according to analysts at Citigroup: a surprise victory for Marine Le Pen over Emmanuel Macron could have devastating effects on French bank stocks....
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A Peek Into The Markets: U.S. Stock Futures Edge Lower Ahead Of Yellen Speech
Friday, March 3, 2017 - 8:48am | 469Read More...Pre-open movers U.S. stock futures traded slightly lower in early pre-market trade. US Services Purchasing Managers' Index for February is schedule for release at 9:45 a.m. ET, while the ISM non-manufacturing index for February will be released at 10:00 a.m. ET. Chicago Federal Reserve Bank...
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A Peek Into The Markets: U.S. Stock Futures Flat Ahead Of Trump's Speech
Tuesday, February 28, 2017 - 8:11am | 495Read More...Pre-open movers U.S. stock futures traded mostly flat in early pre-market trade. Data on Gross Domestic Product for the fourth quarter and U.S. international trade in goods will be released at 8:30 a.m. ET. The S&P Corelogic Case-Shiller home price index for December will be released at 9:00 a....














