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Nike Analyst Says Nike's Entry Point Is Best In 20 Years
Wednesday, June 29, 2016 - 5:38pm | 157Read More...On CNBC earlier Wednesday, Evercore ISI analyst Omar Saad said Nike Inc (NYSE: NKE) has "one of the best entry, points for the stock in the last 20 years." He followed this bullish commentary saying, "Not only do we believe that recent mishaps are now largely in the rearview...
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Man Vs. Machine: The Race To Market Analysis
Wednesday, June 15, 2016 - 3:28pm | 310Read More...In a blow to human judgement, "computer-driven quants, which pick shares based on factors like momentum and size, have been the only hedge fund category to buy additional stock in 2016," Bloomberg reported, citing data from Credit Suisse Group AG. According to Credit Suisse Global Head of Risk...
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Everecore: 'People Don't Feel The Need To Go To Sears To Buy Their Refrigerator And Underwear In The Same Store'
Tuesday, April 26, 2016 - 11:45am | 196Read More...Sears Holdings Corp (NASDAQ: SHLD) recently announced a fresh round of store closures affecting its Sears and K-Mart stores. However, it appears that the company's CEO Eddie Lampert is shutting more than just unprofitable stores. According to the New York Post, Sears Holdings plans on...
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Evercore Downgrades American Tower To Hold: FX Tailwinds Give Slight Upside
Tuesday, April 19, 2016 - 11:33am | 239Read More...Evercore’s Jonathan Schildkraut named American Tower Corp (NYSE: AMT) as the favorite in the tower group, given its “attractive relative multiple, the most balanced long-term drivers, an investment grade credit rating, and a small dividend.” Schildkraut downgraded the rating...
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How Strong Is Evercore's Auto Dealers Survey This Month?
Monday, April 11, 2016 - 4:41pm | 235Read More...The Evercore ISI Auto Dealers Survey moderated this week, moving down from 59.0 to 57.3, as April has begun the month softer. In a note, analysts led by Charlene Saltzman said, "March was a second month in a row of improved used car sales after a soft January according to franchised...
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It's No Joke, Evercore Values Tesla Stock At $310
Friday, April 1, 2016 - 10:46am | 257Read More...Model 3 unveiled by Tesla Motors Inc (NASDAQ: TSLA) exceeded all expectations. Evercore ISI’s George Galliers maintained a Buy rating for the company, with a price target of $310, saying that Model 3 could be a Game Changer. The Game Changer Model 3 could “play a critical role...
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Evercore ISI Upgrades JC Penney To Buy, Highlights 'Accelerating Outperformance'
Friday, March 4, 2016 - 9:23am | 251Read More...Evercore ISI’s Omar Saad upgraded the rating for J C Penney Company Inc (NYSE: JCP) from Hold to Buy, while raising the price target from $8 to $15, after the company beat expectations amid a challenging and volatile environment. Analyst Omar Saad commented that JC Penney’s recent...
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Teva Says Its Generic EpiPen Will Be 'Significantly Delayed'
Tuesday, March 1, 2016 - 2:53pm | 229Read More...Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) announced in a regulatory filing on Monday that it has received notice from the U.S. Food and Drug Administration (FDA) related to its epinephrine. Teva said that the FDA identified "certain major deficiencies" and now expects its epinephrine...
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American Airlines Could Simply Be Negotiating With Gogo…Or It Might Be More Serious
Tuesday, February 16, 2016 - 2:51pm | 416Read More...According to an 8K released Tuesday by Gogo Inc (NASDAQ: GOGO), American Airlines Group Inc (NASDAQ: AAL) filed a lawsuit against Gogo indicating that it has found a much faster connectivity provider. Under Gogo's contract with American, “American Airlines can seek to get out of its...
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Gogo A No-Go
Tuesday, February 16, 2016 - 12:50pm | 179Read More...Gogo Inc (NASDAQ: GOGO) shares are trading trading lower by $4.70 at $9.19 in Tuesday's session. he sole wireless Internet provider for airlines is being grounded by a report that the company may be in jeopardy of losing American Airlines as a client. The Street is not waiting to find out...
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Evercore ISI Sees Knight Transportation As 'Lacking Catalyst,' Downgrades To Hold
Wednesday, February 10, 2016 - 10:55am | 203Read More...Evercore ISI’s Darren Hicks downgraded the rating for Knight Transportation (NYSE: KNX) from Buy to Hold, while maintaining the price target at $26. Hicks believes that the company’s current stock valuation “reasonably reflects growth opportunities through 2016, its well-...
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Maybe Some Good News For A Big Biotech ETF
Friday, January 29, 2016 - 9:39am | 450Read More...Biotechnology stocks and exchange-traded funds are not off to good starts in 2016. That much is highlighted by the iShares NASDAQ Biotechnology Index (ETF) (NASDAQ: IBB), the largest biotech ETF. Over the past month, IBB is lower by 23.2 percent and with Thursday's close at a handle just above...
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Rich Ross Is Bearish On The S&P 500
Thursday, January 7, 2016 - 7:36am | 163Read More...On CNBC's Fast Money, Rich Ross of Evercore ISI spoke about the impact of China on the S&P 500. He analyzed the correlation between yuan and the S&P 500 and he concluded that the index followed the decline in the yuan. Crude oil and the Dow Jones Transportation Average have also...
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Rich Ross Is Bearish On Apple
Wednesday, January 6, 2016 - 4:03pm | 167Read More...Rich Ross of Evercore ISI shared on CNBC's Trading Nation his technical analysis of Apple Inc. (NASDAQ: AAPL). He identified a head and shoulders pattern on Apple's chart and concluded that the stock has broken the neckline of the head and shoulders pattern. Ross believes that trend has...
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Rich Ross Of Evercore ISI Is Not A Buyer Of Gold
Friday, December 18, 2015 - 7:55am | 131Read More...On CNBC's Fast Money, Rich Ross of Evercore ISI shared his technical analysis of gold with the audience. He presented a one-year chart of gold and concluded that there is a clear downtrend channel. He explained that gold is down 11 percent year-to-date, just like euro. Above $1,100, Ross would...
