Investment Management
AstraZeneca’s stock climbed on Thursday as the British drugmaker raised sales guidance after soaring demand for its new cancer drugs The pharmaceutical giant’s third quarter results beat profit and sales expectations, sending the stock 3.8% higher The Anglo-Swedish drugmaker returned to sales growth last year for the first time since 2014 as […]
RBC boosts its Microsoft target from $153 to $160, calling the company “one of the most likely outperformers over a multi-year period.” Analyst Alex Zukin also names MSFT “King of Cloud” with outperformance dependent on helping enterprises “seamlessly” move to the cloud Upcoming catalyst: Microsoft will report earnings on October 23 and RBC expects the typical […]
Johnson & Johnson shares extended gains Wednesday amid reports it could be close to agreeing a multi-billion dollar settlement with state attorneys general over its role in the nation’s opioid crisis Bloomberg reported late Tuesday that Johnson & Johnson has offered to pay around $4 billion to wipe out claims against it linked to […]
On Wednesday before the opening bell, Abbott Laboratories (ABT) reported in line earnings, with a marginal miss on the top line with its third-quarter 2019 results Revenues of $8.076 billion (+5.5% YoY) came in just short versus the $8.105 billion consensus, while adjusted earnings per share of $0.84 (+12.0% YoY) was right on par with expectations […]
Chipotle Mexican Grill stock has had a great year, and KeyBanc Capital Markets expects that strength to continue into the burrito chain’s upcoming third-quarter earnings report, due out next week The back story. Chipotle stock (ticker: CMG) has soared 90% in 2019—a period that’s seen the S&P 500 rise less than 20%—defeating even the staunchest […]
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