Bernstein

Walt Disney Co (NYSE: DIS) reached an agreement to acquire Twenty-First Century Fox Inc (NASDAQ: FOXA)'s movie and TV studios, most of its cable networks and international assets for $52.4 billion. Here's how some of Wall Street's most notable entertainment and media analysts are...

Lululemon Athletica inc. (NASDAQ: LULU) shares are ripping, moving 7 percent higher after a solid third quarter report in the face of a struggling athleticwear cycle. After showing solid e-commerce growth, comps that were up 8 percent in the quarter, and a men’s business that's...

Analysts are still hopeful for a Broadcom Ltd (NASDAQ: AVGO)-QUALCOMM, Inc. (NASDAQ: QCOM) merger, despite Friday reports of delayed bidding until next year. Over the last week, Canaccord Genuity and KeyBanc both raised their Broadcom price targets, and Bernstein joined the chorus Thursday. The...

Recent developments in the healthcare space, including the proposed merger between CVS Health Corp (NYSE: CVS) and Aetna Inc (NYSE: AET), bodes well for Express Scripts Holding Company (NASDAQ: ESRX). The Analyst Bernstein's Lance Wilkes upgraded Express Scripts from Underperform to...

Hewlett Packard Enterprise Co (NYSE: HPE) shares suffered a sharp drop after a fourth quarter earning and sales beat. The company issued guidance that was below first quarter estimates and announced that CEO Meg Whitman would be stepping down Feb. 1.  The Analyst Bernstein’s Toni...

The reveal of Tesla Inc (NASDAQ: TSLA)'s Semi and Roadster met wide enthusiasm. J B Hunt Transport Services Inc (NASDAQ: JBHT) and Wal-Mart Stores Inc (NYSE: WMT) pre-ordered the electric truck within the first 24 hours, and Tesla’s stock spiked as much as 4.3 percent. But the Street,...

Tesla Inc (NASDAQ: TSLA) revealed Thursday yet another project in its ever-expanding portfolio. Behind the scenes, even as it worked out Model 3 production kinks, directed resources to Puerto Rican solar projects and delayed its Semi reveal, Tesla had secretly revived the Roadster, its first...

Pair trading is a market-neutral trading strategy of taking opposing positions — long-short — in a pair of highly correlated instruments. It's a risk mitigation strategy that helps to turn a profit from any market condition. In a Wednesday note, Bernstein identified a potential...

Activist investor Nelson Peltz shocked Procter & Gamble Co (NYSE: PG) investors after his Trian Partners won a vote recount for a board seat on Wednesday by 43,000 votes. P&G acknowledged the victory in a statement on Wednesday. “The results are still preliminary and are subject to a...

The United States Postal Service reported a 2017 net loss of $814 million Tuesday representing a $1.4 billion annual decline. Some may read this “bad to worse” trajectory as a negative for parcel peers, but FedEx Corporation (NYSE: FDX) and United Parcel Service, Inc. (NYSE: UPS) could...

After having delayed the debut of its semitruck to focus on Model 3 hiccups and Puerto Rico’s energy needs, Tesla Inc (NASDAQ: TSLA) will unveil the electric truck Thursday. But it may not drive the sales investors want, according to Bernstein.  The Rating Bernstein analysts Toni...

Tesla Inc (NASDAQ: TSLA) secured permission last month to construct a wholly-owned factory in Shanghai’s free trade zone, circumventing Chinese laws requiring foreign automakers to enter joint ventures with domestic partners. However, it was seen to remain subject to a 25-percent import...

Tesla Inc (NASDAQ: TSLA) took a hit last week when House Republicans proposed to eliminate the $7,500 electric vehicle federal tax credit. The Street fears the subsidy’s loss could deter cost-conscious Tesla buyers, and some see the risk compounding the increased cash burn and Model 3...

Amazon.com, Inc. (NASDAQ: AMZN) is signaling retreat. The e-commerce giant is pulling its AmazonFresh grocery delivery service from suburban regions in Pennsylvania, New Jersey and possibly Maryland and California, conceding the model’s unprofitability and unsustainability. As it betrays a...