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Expedia Is Buying HomeAway, But Could Other Suitors Step In?
Thursday, November 5, 2015 - 2:32pm | 558Read More...HomeAway, Inc. (NASDAQ: AWAY) confirmed on Wednesday it has received a buyout offer from Expedia, Inc. (NASDAQ: EXPE) to acquire the entire company for $38.31 per share. The deal would consist of $10.15 in cash and 0.2065 shares of Expedia for each share of HomeAway. Analysts noted that...
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Tesla Q3 Earnings Preview: Here's What Wall Street Pros Are Saying
Tuesday, November 3, 2015 - 1:40pm | 910Read More...Shares of Tesla Motors Inc (NASDAQ: TSLA) are lower by nearly 20 percent over the past three months and down nearly 13 percent from a year ago. The consensus estimate is calling for Tesla to report a loss of $0.53 per share on revenue of $1.214 billion. Wall Street analysts were mostly...
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Apple Supply Chain Faces Risk Here, Pacific Crest Warns
Tuesday, November 3, 2015 - 11:12am | 350Read More...Pacific Crest’s John Vinh said that iPhone 6s sell-through had been disappointing in October, resulting in a significant inventory build. Apple Inc. (NASDAQ: AAPL) supply-chain names are likely to remain range-bound, and there is risk to their forward estimates, Vinh mentioned....
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Pacific Crest: Time To Buy Pure Storage
Monday, November 2, 2015 - 9:13am | 328Read More...Pure Storage Inc (NYSE: PSTG) shares are up 6 percent in the last one month, after hitting a low of $15.93 on October 8. Pacific Crest’s Brent Bracelin initiated coverage of the company with an Overweight rating and a price target of $24. While the company address a large market, it...
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Papa John's Downgraded By Pacific Crest Analysts: Here's Why
Sunday, November 1, 2015 - 10:05am | 334Read More...Papa John's Int'l, Inc. (NASDAQ: PZZA) shares have gained 31 percent year-to-date, and have surged 5 percent since October 1. Pacific Crest’s David Canson downgraded the rating on the company to Sector Weight. Given the rally in the company’s shares, there is unlikely...
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8 Apple Analysts Dish Their Thoughts On Earnings
Wednesday, October 28, 2015 - 9:36am | 950Read More...Shares of Apple Inc. (NASDAQ: AAPL) were trading higher by 1.68 percent at $116.48 early Wednesday morning. The company reported upbeat results in its fourth-quarter (September ending) print. Wall Street analysts remained mostly bullish. Shares of Apple were highly volatile ahead of...
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Pacific Crest: We're Upgrading Apple, More Growth Is Coming Next Year
Wednesday, October 28, 2015 - 8:38am | 331Read More...Apple Inc. (NASDAQ: AAPL) shares are down 14 percent in the last six months, even after peaking at $132.07 on July 20. Pacific Crest’s Andy Hargreaves upgraded the rating on the company from Sector Weight to Overweight, while maintaining the price target at $142. Although the near-...
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US Stock Futures Rise; Fed Decision In Focus
Wednesday, October 28, 2015 - 8:14am | 413Read More...Pre-open movers US stock futures traded higher in early pre-market trade. The Federal Open Market Committee is scheduled to announce policy decision at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average climbed 27 points to 17,540.0, while the Standard & Poor's 500 index futures rose 4...
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What Some Of The Street's Top Apple Analysts Are Saying Before Earnings
Monday, October 26, 2015 - 2:58pm | 822Read More...Shares of Apple Inc. (NASDAQ: AAPL) were lower by more than three percent Monday afternoon. The company will report its fourth-quarter (September ending) results on Tuesday. Analysts are mostly mixed ahead of the much anticipated report. Apple will report its fourth-quarter results...
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Wall Street Remains Polarized On Microsoft Following Strong Q3
Friday, October 23, 2015 - 12:14pm | 337Read More...Microsoft Corporation (NASDAQ: MSFT) shares are surging 10.2 percent in Friday trading after the company reported Q3 top-line and bottom-line beats. The company reported EPS of $0.67 and revenue of $21.7 billion, ahead of consensus estimates of $0.58 and $20.7, respectively. Where does...
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Bottom Not Yet In For Internet Stocks, But Here Are Four Names That Could Pop
Tuesday, October 20, 2015 - 12:48pm | 455Read More...Pacific Crest believes that Internet stocks remain at or near the trough of the current cycle. The firm believes that the bottom may still not be in, as 2016 EBITDA margin forecasts remain high. Pacific Crest is calling for choppy earnings and believes that stock selection is critical. With...
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Why Pacific Crest Just Downgraded Oracle Stock
Monday, October 19, 2015 - 2:20pm | 294Read More...Oracle Corporation (NYSE: ORCL) shares have plummeted 9 percent from a high of above $40 on July 20. Pacific Crest’s Brendan Barnicle downgraded the rating on the company to Sector Weight. A transition year has begun for the company, and there could be increased volatility in its...
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US Stock Futures Decline Ahead Of Earnings
Monday, October 19, 2015 - 8:00am | 350Read More...Pre-open movers US stock futures traded lower in early pre-market trade. The housing market index for October will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dipped 45 points to 17,070.0, while the Standard & Poor's 500 index futures fell 5.50 points to 2,020.00...
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Pacific Crest Downgrades Seagate Amid Share Loss
Friday, October 16, 2015 - 8:55am | 324Read More...Seagate Technology PLC (NASDAQ: STX) shares have been highly volatile over the past three months, and have lost 12 percent since July 16. Pacific Crest’s Monika Garg downgraded the rating on the company to Sector Weight. Seagate preannouncement was negative, reflecting a decline in...
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PacCrest's Wilson: We're Sticking Around In Twitter, Reiterate Overweight Rating
Wednesday, October 14, 2015 - 10:00am | 264Read More...Twitter Inc (NYSE: TWTR) shares are down 19 percent year-do-date, despite breaching the $50 mark in April. Pacific Crest’s Evan Wilson maintained an Overweight rating on the company, with a price target of $40. Twitter’s new CEO is trying to streamline operations and improve...
