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Avoid Caterpillar And John Deere
Wednesday, April 6, 2016 - 1:46pm | 405Read More...Macquarie has recommended investors to avoid shares of equipment makers Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE) citing a challenging year ahead. The brokerage has an Underperform rating on both stocks, with price targets of $51 and $58, respectively. "We continue to...
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This Quant's Favorite Stock Picks Are Nvidia, Marvell, Amazon And Two Others
Monday, April 4, 2016 - 9:26am | 209Read More...Macquarie said the winner of Quant Idol this month is NVIDIA Corporation (NASDAQ: NVDA), which makes processors for gaming and automotive markets. "NVDA scores well on quality and growth demonstrated by its solid cash flows to debt, R&D expenses and accounts receivables turnovers. The stock is...
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Macquarie's Bear Call On U.S. Banks Just Got Worse
Friday, April 1, 2016 - 12:30pm | 344Read More...Macquarie has dialed back its below-consensus earnings expectations for U.S. banks as the challenging banking environment continues to persist. “The environment for banks continues to be challenging, and we are taking a more cautious view regarding near term earnings power by...
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4 Reasons To Be Concerned With WWE Following Wrestlemania 32
Wednesday, March 30, 2016 - 3:26pm | 368Read More...In each of the last two years, being long into the post-WrestleMania announcement of the WWE Network subscriber number has resulted in some short-term pain as the stock traded off on each of those announcements. Macquarie's James Clement has four reasons to be concerned ahead of World...
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We're Using Gasoline At A Record-Setting Pace In 2016
Friday, March 25, 2016 - 10:22am | 327Read More...Americans are taking advantage of historically low oil and gasoline prices like never before. In a new report, Macquarie analyst Vikas Dwivedi discusses the record pace of gasoline consumption in the U.S. so far in 2016 and what it means for refiners. According to the report, gasoline demand is...
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Google's Cloud Platform Could Be Bigger Than Initially Thought
Thursday, March 24, 2016 - 2:03pm | 323Read More...In a new report, Macquarie analyst Ben Schachter discussed Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)’s major push into cloud computing. Macquarie believes Google’s GCP is a good position to make an aggressive run at cloud market leaders Amazon.com, Inc. (NASDAQ: AMZN)’s AWS and...
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The 'Perfect Storm' In U.S. Banks That Could Hurt Goldman Sachs And Morgan Stanley
Thursday, March 24, 2016 - 11:16am | 373Read More...Macquarie’s David Konrad expects 1Q16 to be “unusually weak” for US Universal Banks, due to concerns over global growth, declining oil prices and increasing use of negative rates around the world. “These trends worked in concert to effectively shut down market activity...
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New Tech Pair Trade? Macquarie Ups HP Enterprise On 'Green Shoots,' Downgrades NetApp
Monday, March 21, 2016 - 10:47am | 296Read More...In a new report, Macquarie analyst Rajesh Ghai discusses his divergent outlooks for two tech hardware stocks: Hewlett Packard Enterprise Co (NYSE: HPE) and NetApp Inc. (NASDAQ: NTAP). According to Ghai, the low market expectations for Hewlett Packard combined with the run-up in NetApp shares may...
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Melco Crown Gets Off Schneid At Macquarie
Thursday, March 17, 2016 - 12:29pm | 394Read More...Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) rose more than 3 percent after Macquarie upgraded the rating of the casino operator to Neutral from Underperform. "We upgrade Melco Crown from Underperform to Neutral, on: 1) an increase in adjusted EBITDA margin forecast for...
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AmEx Investor Day Reassures Investors, But Not Analysts
Friday, March 11, 2016 - 3:04pm | 843Read More...American Express Company (NYSE: AXP) held its annual Investor’s Day event Thursday, hoping to reassure investors spooked by the company’s loss of the Costco Wholesale Corporation (NASDAQ: COST) co-brand account, and its announcement of $1 billion in cost reductions last month. The...
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SunEdison Semi Downgraded At Macquarie, At Odds With Redstone Analyst
Thursday, March 10, 2016 - 11:56am | 329Read More...Sunedison Semiconductor Ltd (NASDAQ: SEMI) is down more than 5 percent on the day following Wednesday's earnings release and call. Prior to the release, Redstone upgraded the company from a previous Sell rating to Positive, while increasing the price target from $6.50 to $13. The firm...
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comScore Hit With Macquarie Downgrade After Accounting Issues
Tuesday, March 8, 2016 - 11:52am | 319Read More...COMSCORE, Inc. (NASDAQ: SCOR) has been downgraded by Macquarie Research to Neutral. Accounting concerns including a further delay in its 10-K filings and share buyback suspension have led to the downgrade, while a postponement of the company's Investor Day also influenced the analyst's...
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Analysts Aren't Pleased With SunEdison
Thursday, March 3, 2016 - 12:19pm | 414Read More...The shareholders that are dumping Sunedison Inc (NYSE: SUNE) after the company announced it is suspending dividend payments on its preferred shares aren’t the only ones fed up with the company. In a series of new notes, several Wall Street analysts have also lost patience with Sunedison....
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Macquarie Still Bearish On Lululemon, Says It's Waiting For This
Tuesday, March 1, 2016 - 10:00am | 191Read More...Macquarie's Laurent Vasilescu maintained an Underperform rating for Lululemon Athletica inc. (NASDAQ: LULU), with a price target of $39. He said that the 56 percent y/y increase in Lululemon's inventories so far is a cause for concern and may restrict the company's profitability. Although the...
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Extended Stay America Shares Climb After Strong Q4 Results
Wednesday, February 24, 2016 - 5:33pm | 404Read More...Shares of Extended Stay America Inc (NYSE: STAY) climbed as much as 3 percent Wednesday after the hotel operator reported better-than-expected results for the fourth quarter. The company reported adjusted EPS of $0.15, topping Street view by $0.02. Quarterly revenue of $296.3 million also came...
