Investing

Investors’ nerves are getting jangled over what has been the most popular tech trade in the stock market, and are showing increasing signs that they’re getting ready to bail. Market pros responding to the July Bank of America Merrill Lynch Fund Managers Survey labeled the “FAANG + BAT” trade the most-crowded for the sixth straight
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Networking company stocks fell off Friday following a report by The Information that Amazon Web Services is considering selling its own network switching devices. Cisco dropped 4 percent by the end of trading, representing a loss in stock value of roughly $8.5 billion. Juniper gave up more than 2 percent. Arista Networks dropped more than
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Facebook’s market leading position in the advertising market is unmatched, according to Jefferies. The firm raised its price target to $240 from $215 for Facebook shares, predicting its second-quarter sales results will be above expectations. Jefferies also reiterated its buy rating for the company. “We see continued strength from advertisers seeking the best ROI online
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UBS is getting less bullish over Netflix shares after the stock’s stunning rally this year. The firm lowered its rating to neutral from buy for Netflix shares, citing the internet company’s high valuation. “We believe Netflix’s core competencies in both content & tech should drive a virtuous circle of greater subs and increased viewing time,
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Walgreens isn’t the only one feeling the pressure of Amazon’s PillPack acquisition, as one Wall Street analyst copped to underestimating just how aggressively the e-commerce giant would disrupt drugstores. “We are downgrading shares of Walgreen … ending one of the more painful experiences I have endured in my 15 [plus] years as a sell-side analyst,”
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PepsiCo‘s quarterly numbers Tuesday morning may be a signal for another strong earnings seasons, according to CNBC’s Jim Cramer. “They reported exactly what the bulls wanted,” said Cramer, whose charitable trust owns shares of the New York-based food and beverage company. Pepsi’s stock rose Tuesday after the company reported fiscal second-quarter earnings that beat Wall
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