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Chart Of The Day: Bernstein Says Crowded Trades Underperform Less Crowded Trades
Wednesday, May 4, 2016 - 12:57pm | 298Read More...Popular market trades have significantly lagged the performance of less popular trades. According to Bernstein analyst Ann Larson, crowded trades have underperformed the least crowded trades by about 9.1 percent globally in the past three months. Today, consumer staples, healthcare, technology and...
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A Good Day To Buy AIG, Says BTIG
Tuesday, May 3, 2016 - 11:13am | 252Read More...American International Group Inc (NYSE: AIG) reported its quarterly results, with the operating EPS significantly missing the consensus and the estimates. Bernstein’s Josh Stirling maintained an Outperform rating on the company, with a price target of $75. The Miss “The result...
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Bernstein Analysts More Bullish On Pentair, Like Company's Cost Controls And Cash Flow
Wednesday, April 27, 2016 - 4:39pm | 480Read More...Bernstein upgraded Pentair plc. Ordinary Share (NYSE: PNR) to Outperform from Market-Perform on "cost control, better portfolio, cash flow and moderating headwinds." Quarterly Results And Outlook The upgrade comes after the Manchester, Britain-based diversified industrial...
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Anheuser-Busch InBev: Future M&A Potential?
Friday, April 22, 2016 - 2:50pm | 861Read More...Anheuser Busch Inbev SA (ADR) (NYSE: BUD) may look at potential M&A opportunities to achieve its long-term target of $100 billion revenue by 2020, according to a note from Bernstein analyst Trevor Stirling. According to a Form 20-F, the company's "Dream 2020" plan calls for revenues of $100...
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F5 Networks Cracks $100: Is Bernstein Buying The Bottom?
Thursday, April 21, 2016 - 9:25am | 288Read More...F5 Networks, Inc. (NASDAQ: FFIV) reported its 2Q16 results broadly in-line with expectations. Bernstein’s Pierre Ferragu maintained an Outperform rating for the company, with a price target of $140. Results F5 Networks reported its 2Q topline growth at ~2 percent y/y, although the...
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Intel: What Everyone On The Street Thinks
Wednesday, April 20, 2016 - 1:09pm | 1377Read More...Intel Corporation (NASDAQ: INTC) reported mixed Q1 results after Tuesday's close. Revenue came in at $13.8 billion, above the $13.7 billion consensus, but down 7 percent quarter-over-quarter. Gross margins came in at 62.7 percent, above company guidance of 62 percent, and EPS was six cents...
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Intel's Restructuring Efforts Are A 'Bad Paint Job'
Wednesday, April 20, 2016 - 8:07am | 296Read More...Intel Corporation (NASDAQ: INTC) reported its 1Q16 earnings on April 19. Bernstein’s Stacy A. Rasgon maintained an Underperform rating for Intel, with a price target of $26, saying that the company is likely to significantly lower its Q2 and full-year guidance. 1Q Results Intel reported...
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Wall Street Analysts Weigh In On Pepsi's Q1 Earnings
Tuesday, April 19, 2016 - 3:58pm | 422Read More...PepsiCo, Inc. (NYSE: PEP) started 2016 with a beat on first quarter earnings, and reiterated its outlook for the current year. Accordingly, the company expects about 4 percent organic revenue growth, and expects core earnings of $4.66 a share for the same period. Analysts predict the company to...
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Netflix Warning: Bernstein Says Stock Has 37% Downside, Won't Come Close To Long-Term Expectations
Tuesday, April 19, 2016 - 10:40am | 230Read More...Bernstein’s Carlos Kirjner mentioned Netflix, Inc. (NASDAQ: NFLX)'s mixed results for Q1, while issuing subscriber addition guidance for Q2 that was below expectations. Kirjner maintained an Underperform rating on the company, with a $62 price target. Q1 Results The analyst...
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Bernstein Expects Nothing But Beats From Amazon
Thursday, April 14, 2016 - 11:08am | 307Read More...Amazon.com, Inc. (NASDAQ: AMZN) reported higher-than-expected gross margins for 15 straight quarters, while delivering a miss in 4Q15. Bernstein’s Carlos Kirjner maintained an Outperform rating for the company, with a price target of $770. Kirjner believes Amazon would be able to beat...
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'Peak Oil' Not Until 2035, Demand 'Could Well Be Stronger' In Coming Years
Tuesday, April 12, 2016 - 11:25am | 345Read More...The world will begin to wean itself off its reliance on oil starting in about 20 more years. According to Bernstein analyst Neil Beveridge, the world will hit peak oil in 2035. The global crude oil supply glut, as well as the rise of electric vehicles, slowing growth in China and increases in...
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Evidence Pfizer Could Revisit GlaxoSmithKline Or AstraZeneca Deals If Allergan Falls Through
Tuesday, April 5, 2016 - 12:30pm | 435Read More...Despite the proposed merger agreement with Allergan plc Ordinary Shares (NYSE: AGN), analysts have been talking about other potential moves Pfizer Inc. (NYSE: PFE) could engage in if the deal were to fall through. Based upon the imbalance between the proposed merger pricing of Allergan (at an...
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Why Bernstein Downgraded GE
Monday, April 4, 2016 - 3:33pm | 323Read More...Bernstein Senior Analyst Steven Winoker was a guest on CNBC's "Squawk On The Street," justifying the firm's recent downgrade on General Electric Company (NYSE: GE). "Look, the stock is up almost 30 percent over the last 12 months. It's trading at 21x, and there's...
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Mr. Market Needs To View PayPal As A 'Merchant Acquirer,' Analyst Says
Wednesday, March 30, 2016 - 10:34am | 488Read More...Investors should view Paypal Holdings Inc (NASDAQ: PYPL) as a hybrid between a merchant acquirer and a closed-loop network, according to Lisa Ellis of Bernstein who initiated coverage of the stock with a Market-perform rating and $43 target price. The analyst said the digital payments firm will...
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Buy Time? Dean Foods Shouldn't Have Sold Off After Wal-Mart Unveiled Milk Production
Wednesday, March 23, 2016 - 11:04am | 648Read More...Dean Foods Co (NYSE: DF) saw an 11 percent fall on Tuesday, possibly due to news that Wal-Mart Stores, Inc. (NYSE: WMT) may be churning out its own dairy. News that Wal-Mart may go into milk production next year signifies additional pressure in the dairy industry broadly speaking, and for Dean...
