The GrubHub website on an iPhone. Andrew Harrer | Bloomberg | Getty Images While investors in struggling companies occasionally benefit from a buyout that juices the stock, Raymond James said that shareholders of floundering internet stocks should not hold out hope given a variety of factors pressuring the sector. “In most sectors, public companies that
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CNBC’s Jim Cramer, often a critic of Tesla stock, told CNBC on Tuesday that he’s in the market for a Tesla Model X sport utility vehicle because his wife, Lisa, really wants one. “I give up. The car is too damn great,” said Cramer on “Squawk Box.” “She wants an X. You can’t stop her.
Robert De Niro, Al Pacino and Ray Romano star in Martin Scorsese’s “The Irishman.” Netflix Netflix’s biggest-ever film investment launches on Wednesday and J.P. Morgan said “The Irishman” could be the catalyst Netflix needs to boost momentum around the stock. After spending $100 million in production on the three-hour-and-30-minute Martin Scorsese film, Netflix is betting
Shares of Under Armour are trading in a bear market after falling 35% from July’s 52-week high, but Raymond James sees a big rally ahead since the company is on “the cusp of a multi-year, profitable, and sustainable growth cycle.” The firm upgraded the stock to a “strong buy” rating on Wednesday, saying the retailer
The Charging Bull near Wall Street is pictured in New York. Carlo Allegri | Reuters The stock market has been hitting record high levels day after day, but that doesn’t mean corporate CEOs are bullish about next year, according to J.P. Morgan Chase regional investment banking head John Richert. Instead, CEOs are worried about delivering