Momentum Stocks

Viacom Reports Mixed Results as Advertising Dips, Paramount Pictures Gains

Viacom Reports Mixed Results as Advertising Dips, Paramount Pictures Gains

Viacom (VIA, VIAB) reported downbeat revenue for the fiscal third quarter as advertising revenue decreased, but earnings came in better than expected, and the entertainment company cheered growing profitability in its Paramount Pictures division. Revenue fell 4% to $3.24 billion, missing the consensus on Capital IQ for $3.27 billion. Adjusted diluted earnings rose by a penny to $1.18 a share, […]

Tesla Stock Surges as Musk Says May Take Company Private

Tesla Stock Surges as Musk Says May Take Company Private

Tesla (TSLA) shares jumped on Tuesday after co-founder Elon Musk tweeted that he was considering taking the electric-vehicle maker private. “Am considering taking Tesla private at $420. Funding secured,” the company’s chief executive officer said from his Twitter account. The shares were recently trading at $360.99. Musk, who often engages with both supporters and detractors on social media, didn’t offer […]

Cardinal Health’s Price Target From RBC Cut to $56 From $61

Cardinal Health’s Price Target From RBC Cut to $56 From $61

Cardinal Health (CAH) received a price-target reduction from RBC Capital Markets after the health-care services and products company reported fiscal Q4 results above analysts’ expectations Monday but the midpoint of its guidance range for fiscal 2019 adjusted earnings per share missed analysts’ mean estimate. The new price target from RBC is $56 per share, down from $61. The stock closed […]

Pandora Media’s Strong Financials Means Upgrade at Barrington

Pandora Media’s Strong Financials Means Upgrade at Barrington

Pandora Media’s (P) revenue and earnings beat earned it an upgrade at Barrington Research as ad-monetization trends continue to be “robust.” The company last week reported second-quarter revenue of $384.8 million, up from $376.8 million a year earlier and ahead of consensus from Capital IQ for $373.5 million. Non-GAAP loss was $0.15 a share, narrower than the year-ago loss of […]

Neovasc Soars 17% as Data Showed Neovasc Reducer ‘Very Safe’ in Significantly Lowering Angina Severity

Neovasc Soars 17% as Data Showed Neovasc Reducer ‘Very Safe’ in Significantly Lowering Angina Severity

Shares of Neovasc (NVCN), a developer of minimally invasive transcatheter mitral valve replacement technologies, surged 17% intraday after the company said Monday results from a study undertaken to assess the safety and effectiveness of the Neovasc Reducer showed that the treatment was “very safe and significantly reduced the severity of angina.” In the published study, the safety and effectiveness of […]

ETFs Edge Higher, Futures Inch Lower as Trade Tensions Persist

ETFs Edge Higher, Futures Inch Lower as Trade Tensions Persist

US stock futures were pointing to modest losses ahead of the open as trade tensions continue to weigh on market sentiment following last week’s developments between the U.S. and China. China said it will imposed tariffs on $60 billion of U.S. products as a response to an earlier announcement by the U.S. of an additional 25% tariffs on $200 billion […]

Wolverine World Wide’s Price Target From Wedbush Boosted to $41 From $37

Wolverine World Wide’s Price Target From Wedbush Boosted to $41 From $37

Wolverine World Wide (WWW) received a boost to its price target Monday from Wedbush ahead of the footwear-and-apparel company’s Q2 report expected Wednesday. Wedbush’s new price target on the stock is $41 per share, up from $37. This moves the price target further above the stock’s Friday closing price of $35.91 as Wedbush kept its investment rating on the shares […]