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Coca-Cola Names Brian Smith As President And COO, Effective January 1, 2019
Thursday, October 18, 2018 2:37 PM EDT
The Coca-Cola Company announced key changes in top leadership, including the election of a new president and chief operating officer and a succession plan for the chief financial officer.
In this article: KO
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Gap Drops After Analyst Points To Sales Weakness At Namesake Brand
Thursday, October 18, 2018 9:45 AM EDT
Shares of Gap Inc. dropped in pre-market trading after an analyst at JPMorgan downgraded shares to Underweight, pointing to sales weakness at the apparel seller's flagship Gap stores as well as profit margin pressures.
In this article: GPS
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Novartis Acquires Endocyte For $24 Per Share Or $2.1B In Cash
Thursday, October 18, 2018 7:53 AM EDT
Endocyte announced that it has entered into an agreement and plan of merger with Novartis AG pursuant to which Novartis will acquire Endocyte for $24 per share.
In this article: NVS, ECYT
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Shopify Drops Almost 8% Following Report Trump Ending China Shipping Treaty
Wednesday, October 17, 2018 3:13 PM EDT
Shares of Shopify have fallen 7.91% in midday trading.
In this article: SHOP
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Fresenius Medical Drops After Again Cutting FY18 Outlook
Wednesday, October 17, 2018 12:25 PM EDT
In morning trading, shares of Fresenius Medical Care dropped nearly 17% to $41.46.
In this article: FMS Also: NXTM
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Cannabis Stocks Fall As Canada Prepares To Legalize Marijuana
Tuesday, October 16, 2018 3:41 PM EDT
In early afternoon trading, Tilray was down 5.6% to $156.39, Canopy Growth fell 5.6% to $53.75, Aphria dropped about 5% to $14.59, Aurora Cannabis was down 5.7% to $11.04 and Cronos Group fell 0.7% to $11.66.
In this article: TLRY, CGC, APHQF, ACBFF, CRON Also: NVS, CVSI, IGC
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Oppenheimer Upgrades Morgan Stanley To Outperform After 'Clean Beat'
Tuesday, October 16, 2018 1:25 PM EDT
Oppenheimer analyst Chris Kotowski upgraded Morgan Stanley to Outperform from Perform with a $62 price target following this morning's Q3 results.
In this article: MS
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Plug Power Rises After Increasing 2018 Revenue View
Tuesday, October 16, 2018 12:21 PM EDT
In morning trading, shares of Plug Power have gained over 5% to $1.98.
In this article: PLUG
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Jeld-Wen Drops Following CFO Departure, Weak Q3 Results, FY18 Guidance Cut
Tuesday, October 16, 2018 9:37 AM EDT
Shares of door and window maker Jeld-Wen Holdings dropped in pre-market trading after the company released preliminary third-quarter results that were below Street forecasts and lowered its full-year guidance.
In this article: JELD
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Barclays Remains Bullish On GE, Says Earnings Date Push-Back 'Not A Negative'
Monday, October 15, 2018 3:30 PM EDT
In a research note this morning, Barclays analyst Julian Mitchell told investors he does not see the push-back of General Electric's earnings date to October 30 from October 25 as a negative.
In this article: GE
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Top Five Weekend Stock Stories - Oct. 14, 2018
Sunday, October 14, 2018 10:42 PM EDT
Catch up on the weekend's top five stories with this list compiled by The Fly.
In this article: TSLA, HRS, LLL, SNE, ATVI, MSFT, BAC, JPM, SCHW, WFC
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Harris, L3 Technologies To Combine In Merger Of Equals
Sunday, October 14, 2018 5:22 PM EDT
Harris Corporation (HRS) and L3 Technologies (LLL) have agreed to combine in an all stock merger of equals. The combined company, L3 Harris Technologies, will be the sixth largest defense company in the U.S. and a top 10 defense company globally.
In this article: HRS, LLL
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Harris, L3 Technologies Near Agreement To Merge, WSJ Reports
Sunday, October 14, 2018 2:03 PM EDT
Harris Corporation (HRS) and L3 Technologies (LLL) were in advanced discussions as of Friday to combine in a stock deal, Dana Mattioli and Dana Cimilluca of Wall Street Journal report, citing people familiar with the matter.
In this article: HRS, LLL
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Piper Says Twitch Viewership Of Activision Titles Offers Upside Potential
Friday, October 12, 2018 4:30 PM EDT
In early afternoon trading, Activision Blizzard rose 3.7% to $76.60, Take-Two gained about 3.6% to $126.73 and EA was up 1% to $104.56.
In this article: ATVI, EA, TTWO Also: TCEHY, DIS, AMZN
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Netflix Upgraded To Buy From Neutral At Citi
Friday, October 12, 2018 9:40 AM EDT
Citi analyst Mark May upgraded Netflix to Buy from Neutral with an unchanged price target of $375.
In this article: NFLX
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Snap Upgraded To Buy From Hold At Pivotal Research
Friday, October 12, 2018 9:06 AM EDT
Pivotal Research analyst Brian Wieser upgraded Snap to Buy from Hold while lowering his price target for the shares to $8 from $9.
In this article: SNAP
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