Bernstein

Bernstein Research initiated seven key Chinese internet stocks traded on American exchanges Wednesday, pegging the sector as a whole as Underweight and telling investors the issues unique to China’s internet users aren’t fully understood by the market. Of seven key Chinese internet...

Following the strong rally in Juniper Networks, Inc. (NYSE: JNPR) shares, the stock is now trading in line with its average historical P/E multiple, Bernstein analysts said in a report, while downgrading the company to Market Perform. Juniper’s shares recorded a steep decline over the first...

The year-end gaming revenue numbers from the Macau, China, and Las Vegas markets indicate that the gaming industry finished the year strong in the two largest and most critical markets in the world for investors. However, now that 2017 is officially here, gaming investors are wondering whether that...

With the Trump administration taking charge this month, there is a high degree of uncertainty regarding “where defense will head,” Bernstein analysts said in a report. They added that the defense budget would likely be increased and that nominal growth should be “no higher than...

Bernstein’s Douglas S. Harned sees Boeing Co (NYSE: BA) as a “strong investment opportunity for 2017,” driven primarily by incremental free cash flow through 2020. Harned maintains an Outperform rating on the company, with a price target of $91. Upside Drivers “We are...

Premised on a trio of factors, Bernstein on Monday updated its thesis on the airline industry, with the factors being: 1) extension of the current cycle of better passenger, revenue per available seat miles ( PRASM), 2) an increase in volatility and discount rates and 3) heightened prospects for...

Las Vegas Sands Corp. (NYSE: LVS) management discussed both Macau and Singapore during Bernstein's 3rd Annual Consumer Summit. Analyst Vitaly Umansky mentioned five takeaways from the discussions. Top Takeaways Recovery in Mass in Macau: This has been driven by higher visitation,...

Bernstein remains Outperform-rated on Adobe Systems Incorporated (NASDAQ: ADBE) following the company’s better-than-expected fourth-quarter results, driven by strong revenues in digital media and digital marketing. However, Forex headwinds led the company to offer a conservative outlook for...

Year to date, General Electric Company (NYSE: GE) has underperformed the S&P by more than 10 percent; according to Bernstein’s Steven E. Winoker, some of the rise was “catchup following a rapid rise in the prior year and post-election pro-cyclical mean reversion trade.”...

Pre-open movers U.S. stock futures traded higher in early pre-market trade. Data on housing starts for November will be released at 8:30 a.m. ET, while the Atlanta Fed's Business Inflation Expectations survey for December will be released at 10:00 a.m. ET. Richmond Federal Reserve Bank...

Oracle Corporation (NYSE: ORCL) is expected to report its 2017 Q2 earnings Thursday after the market close, and the Street is mostly Bullish leading in. The consensus EPS estimate is $0.60 with revenue at $9.12 billion. Ratings And Price Targets Bernstein: Outperform; $52 price target. BTIG: Buy; $...

Jeff Immelt, the CEO of General Electric Company (NYSE: GE), said during an investor event that he is "more optimistic about the US economy than he has been in a long time," driven by corporate tax reform, the Ex-Im Bank and demand growth from a rebounding economy. Analyst's Commentary...

Pharmaceutical companies breathed a sigh of relief when Donald Trump prevailed on Election Day. His opponent, Hillary Clinton, had made prescription drug pricing a centerpiece of her campaign. However, according to Bernstein analyst Tim Anderson, pharma stocks may not be off the hook when Trump...

Amazon.com, Inc. (NASDAQ: AMZN) has unveiled a new concept grocery store, Amazon Go, which bypasses the check-out process in online shopping. The company has not provided any technical details so far; however, terming the latest initiative as a “revolutionary concept,” Bernstein’s...