Bernstein

Shares of Kraft Heinz Co (NASDAQ: KHC) slid on mixed Q4 2016 results and press reports, stating 3G Capital would not use its new fund to support M&A at Kraft Heinz. These press reports are unconfirmed and, even if correct, would not change much for Kraft Heinz investors, Bernstein’s...

Bernstein maintains its Outperform rating on Dollar General Corp. (NYSE: DG), saying the stock offers good value as the declining middle class and shrinking household size should offset short term pricing pressures. Further, the brokerage also called Dollar General as an attractive acquisition...

Amazon.com, Inc. (NASDAQ: AMZN) owes part of its success to the fact that it doesn't operate hundreds of physical brick and mortar locations across the country. Operating stores costs money and lots of it between rent, maintenance, salary, insurance, etc. Yet, some Wall Street analysts are making...

On Feb. 6, Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) announced CEO Erez Vigodman was stepping down and chairman of the board Yitzhak Peterburg would take over as the interim CEO, while Sol Barer would take on the role of the chairman of the board. Bernstein’s Aaron (Ronny) Gal...

Bernstein initiated coverage of broadline and hardline retailers, and favors Target Corporation (NYSE: TGT) and Dollar General Corp. (NYSE: DG) amid ongoing disruption from online retailers. “Retail investing may need a stock picking mentality; returns from sector positioning alone are not...

Pre-open movers U.S. stock futures traded mostly flat in early pre-market trade. The Labor Market Conditions Index for January is schedule for release at 10:00 a.m. ET. Philadelphia Federal Reserve Bank President Patrick T. Harker is set to speak in San Diego, Calif. at 4:30 p.m. ET....

Starbucks Corporation (NASDAQ: SBUX) reported lower-than-expected U.S. comps as throughput constraints appeared to limit the ability to translate mobile order & pay adoption into better comps. Starbucks’ American comps of 3 percent were below 3.9 percent Street view. But, Bernstein’...

Intel Corporation (NASDAQ: INTC) reported overall strong results for Q4, with upside being driven by the client and memory segments, although datacenter was weaker. Bernstein’s Stacy A. Rasgon maintains a Market-Perform rating on the company, while raising the price target from $33 to $36....

Paypal Holdings Inc (NASDAQ: PYPL) reported broadly in-line Q4 2016 results and raised its 2017 revenue guidance. The company’s earnings release had “no drama or major announcements,” Bernstein’s Lisa D. Ellis said in a report. She maintains a Market-Perform rating on the...

Bernstein’s A.M. (Toni) Sacconaghi, Jr. expects Apple Inc. (NASDAQ: AAPL) to report relatively in-line metrics when the company announces its FQ1:17 results after the close on January 31. The analyst maintains an Outperform rating on the company, with a price target of $140. Q1 Expectations...

Chinese e-commerce giant Alibaba Group Holding Ltd(NYSE: BABA) is scheduled to report its fourth-quarter results before the market opens on Tuesday. The company is expected to report earnings of $1.13 per ADS on revenues of $7.32 billion. In the September quarter, the company reported...

The long-term growth story in Macau remains intact, but share prices of casino operators may already fully reflect 2017 earnings. According to Bernstein analyst Vitali Umansky, the huge run Macau stocks have been on in the past year now has the stocks trading in-line with medium-term growth...

Following a proprietary sample survey of Starz subscribers, Bernstein’s Todd Juenger upgraded the rating on Lions Gate Entertainment Corp. (USA) (NYSE: LGF) from Market-Perform to Outperform, while raising the price target from $22 to $31. Reasons For Upgrade Lions Gate had been downgraded...

Toni Sacconaghi, an analyst at Sanford C. Bernstein, was a guest on CNBC's "Fast Money: Halftime Report" segment on Friday and shared his take on why Apple Inc. (NASDAQ: AAPL)'s best days are behind it. According to Sacconaghi, while it is clear that Apple won't be able to show investors the...