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Citigroup Upgrades Bellicum Pharma, Sees Clearer Pathway For BPX-501 Approval
Tuesday, August 9, 2016 - 8:27am | 330Read More...Citigroup upgraded Bellicum Pharmaceuticals Inc (NASDAQ: BLCM) to Buy and more than doubled its target price to $24 as it sees clearer pathway for the approval of BPX-501, a T-cell therapy that could increase transplant success and reduce side effects like infection. The company is in clinical...
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A Peek Into The Markets: U.S. Stock Futures Signal Higher Start On Wall Street
Monday, August 8, 2016 - 7:49am | 347Read More...Pre-open movers U.S. stock futures traded higher in early pre-market trade. Futures for the Dow Jones Industrial Average climbed 31 points to 18,485.00, while the Standard & Poor’s 500 index futures gained 4 points to 2,180.75. Futures for the Nasdaq 100 index rose 12.25...
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All That Glitters Ain't Buy-Rated: Citi Goes Neutral On Gold
Tuesday, August 2, 2016 - 2:56pm | 426Read More...Gold prices have been on quite a tear in 2016, and the SPDR Gold Trust (ETF) (NYSE: GLD) is now up 28.4 percent year-to-date. Citigroup analyst Alexander Hacking just initiated coverage on North American gold miner stocks. According to Hacking, after an incredible first half of 2016, gold investors...
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Alphabet And Amazon See A Wave Of Price Target Changes Post-Earnings
Monday, August 1, 2016 - 12:03pm | 350Read More...Last week, two of the giants of the tech world delivered big earnings beats, and several Wall Street firms took notice. Amazon.com, Inc. (NASDAQ: AMZN) reported Q2 EPS of $1.78 on revenue of $30.4 billion, topping consensus analyst expectations of $1.11 and $29.5 billion. Alphabet Inc (NASDAQ: GOOG...
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Analysts React To Analog Devices' Linear Purchase
Thursday, July 28, 2016 - 11:47am | 402Read More...So far, the market seems to like Analog Devices, Inc. (NASDAQ: ADI)’s $14.8 billion buyout of chipmaker Linear Technology Corporation (NASDAQ: LLTC). Analog’s share price has jumped more than 6.7 percent in the past five trading sessions. Related Link: Argus Reiterates Buy Rating...
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Citigroup Sees Twitter's Recent Rally Ending; Declining MAUs And Weak Guidance Spook Investors
Tuesday, July 26, 2016 - 11:20am | 397Read More...Twitter Inc (NYSE: TWTR) plans to report earnings after the close Tuesday, and many investors are speculating whether the social media giant can maintain or grow its amount of monthly active users (MAUs). Citi's Take Citigroup's Mark May argued Twitter's recent rally was ending, however, as MAUs...
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Yelp Downgraded At Citi On Modest Guidance, Reduced Probability Of Future Earnings Surprise
Wednesday, July 20, 2016 - 8:49am | 395Read More...Yelp Inc (NYSE: YELP) share prices are up roughly 36 percent since the company reported Q1 earnings on May 5, which beat earnings estimates and showed strong gains on growing ad revenue. Citi’s Take Citigroup’s Mark May downgraded Yelp from Buy to Neutral while raising the price target...
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A Peek Into The Markets: U.S. Stock Futures Down Ahead Of Earnings
Tuesday, July 19, 2016 - 7:55am | 498Read More...Pre-open movers U.S. stock futures traded lower in early pre-market trade ahead of earnings from major companies. Data on housing starts and building permits for June will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average dropped 25 points to 18,426, while the...
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A Peek Into The Markets: U.S. Stock Futures Edge Higher Ahead Of Bank Earnings
Friday, July 15, 2016 - 7:57am | 610Read More...Pre-open movers U.S. stock futures traded slightly higher in early pre-market trade ahead of earnings from Citigroup Inc (NYSE: C) and Wells Fargo & Co (NYSE: WFC). Data on retail sales for June will be released at 8:30 a.m. ET. The Consumer Price Index for June and the Empire...
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How To Hedge Against A Trump Presidency
Tuesday, June 14, 2016 - 9:23am | 339Read More...Can investors hedge their investments against a Donald Trump presidency? According to analysts at Citigroup and Barclays, such a trade is not only possible, but feasible. According to Bloomberg, the Donald Trump hedge bet consists of shorting the Mexican peso, as the country's currency would...
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Citigroup Remains Positive On T-Mobile, Raises Price Target To $51
Friday, June 10, 2016 - 3:27pm | 264Read More...Citigroup has maintained its Buy rating on T-Mobile US Inc (NASDAQ: TMUS), saying it remains confident that the company "continues to take customer and revenue market share in the wireless category." The brokerage also raised the price target on the stock by $4 to $51, implying an upside of 18.4...
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Could Anadarko's Debt Be The Reason No M&A Rumors Have Come To Fruition?
Wednesday, June 8, 2016 - 7:21am | 948Read More...Less than an hour after the open on Tuesday, chatter circulated trade desks mentioning possible interest from Chevron Corporation (NYSE: CVX) for Anadarko Petroleum Corporation (NYSE: APC). Anadarko has been a regularly mentioned takeover candidate primarily due to the company's exposure to...
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Citigroup Questions Conventional Wisdom Of Bond & Equity Relationships
Tuesday, May 31, 2016 - 5:59pm | 421Read More...Historically, bond yields and equity prices are inverse. If bond yields rise, then equities decline and vice versa. With Wall Street continuously over-analyzing the FOMC rate hike probability in effort to prove their worth (news flash, the probability is always 50 percent, they either raise or...
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Citigroup's Co-Head Of Global M&A Discusses His Outlook
Friday, May 20, 2016 - 1:52pm | 293Read More...Peter Tague is Citigroup's co-head of global M&A and was a guest on "Bloomberg Surveillance" to discuss his outlook and thoughts on mergers and acquisitions. Tague stated that there have only been two industries thus far in 2016 that have seen an increase in merger and acquisition activity...
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The Simple Bear Necessities: Disney Bears 'Did Not Get What They Wanted' From Q1
Wednesday, May 11, 2016 - 1:42pm | 286Read More...The more than 5 percent drop in Walt Disney Co (NYSE: DIS)'s stock on Wednesday should solidify the bear argument against owning the stock. However, this is not the case according to Jason Bazinet, Citigroup's media analyst. Bazinet was a guest on CNBC's "Squawk on the Street" segment on Wednesday...















