News > Capital Markets

A Primary Beneficiary of the Ongoing E-Commerce Boom Will Be PayPal
Capital Markets
There is one company that is best positioned to take full advantage of the "inexorable trend" of payments moving from offline to online channels: Paypal Holdings Inc (NASDAQ: PYPL), analysts at Bank of America commented in a research report. The firm's Jason Kupferberg maintains a Buy rating on PayPal's stockrating with a price target boosted from $71 to $78. Global e-commerce penetration as of 2016 stood
This Alternative Study Of Economics Cuts Out Centuries Of Bias
Capital Markets
“There really isn’t just one story of the way things are.” That’s true for many issues, and it’s especially true for economics, argues Joyce Jacobsen, provost and vice president for Academic Affairs at Wesleyan University. She says that traditional economics provide an incomplete narrative that leaves out women (specifically women of color) and families, and suggests that feminist economics offers a
Elon Musk Offers to Rebuild Puerto Rico's Energy Infrastructure
Capital Markets
Puerto Rico is looking for answers to its devastating blackouts and leveled energy infrastructure. And Tesla Inc (NASDAQ: TSLA), the world’s panacea, is as eager as ever to be the solution. CEO Elon Musk responded Thursday to calls for intervention by confirming Tesla’s capacity to meet the island’s needs with sustainable energy sources. The firm already powers Ta’u with solar projects and is working on a lithium
Investors Have Underappreciated Microsoft Long Enough
Capital Markets
Canaccord Genuity said in a note Wednesday its analysis suggests that investors have underestimated the virtuous cycles Microsoft Corporation (NASDAQ: MSFT) has created by assembling four compelling growth drivers in Office Productivity, Gaming, Marketing and Azure's Platform as a Service. As such, the firm upgraded shares of Microsoft from Hold to Buy and raised the price target on the shares from $76 to $84. Analysts Richard Davis
Senators Take on the Credit-Reporting Industry
Capital Markets
While the guy who dressed as Rich Uncle Pennybags may have stolen the show, the Senate Banking Committee hearing on Wednesday did result in some pointed criticisms about the credit-reporting industry as senators grilled former Equifax chief executive Richard Smith about last month's massive security breach. At the crux of the questioning is whether the entire industry needs to be overhauled to
Puerto Rico Bonds Crash After Trump Sticks Foot in Mouth Over Debt
Capital Markets
Puerto Rico bonds plunged on Wednesday after President Trump said during his visit to the hurricane-ravaged country that the island's massive debt will have to be "wiped out," as CNBC reports. During an interview with Fox News (via Reuters), Trump said that Puerto Rico owes "a lot of money to your friends on Wall Street and we're going to have
A Guy Dressed as the Monopoly Man Showed Up to the Senate Hearing on the Equifax Hacking
Capital Markets
There's really not a whole lot to this story other than pointing out that some dude dressed as Rich Uncle Pennybags (the iconic mascot for the Monopoly board game) was in attendance at the Senate Banking Committee hearing about the Equifax security breach, as the Select/All blog points out. Top hat? Check. Bushy white mustache? Check. Monocle? Check. This guy certainly has the
How Do We Quantify an Emerging Market?
Capital Markets
As one of Wall Street’s favorite buzzwords, the term “emerging market” gets thrown around quite a bit. Broadly defined, an emerging market is a country whose business and financial infrastructure is somewhere between being underdeveloped (like, say, Kenya) and highly complex (like the United States). Within that spectrum, those nations whose economies are experiencing strong or rapid growth toward a
Russia: Growth up, Inflation Down
Capital Markets
Russia has been front-and-center of the news this summer. Yet Western sanctions over Crimea, fallout from the investigation into meddling in the U.S. presidential election and last month’s bailout of the nation’s largest privately held bank have failed to thwart Russia’s emergence from stagflation. Assessing the economic and market impact of these events was the goal of a recent trip
Chowdhry: Any Weakness In Tesla Is A Buying Opportunity
Capital Markets
Tesla Inc (NASDAQ: TSLA) shares dropped roughly 2 percent Tuesday following its big third-quarter Model 3 production miss. However, Global Equities Research analyst Trip Chowdhry says investors should be buying Tesla on its recent weakness. In an email to clients, Chowdhry said Tesla’s long-term story is much more import than its near-term numbers. “[The] TSLA delivery number means nothing,” Chowdhry wrote. “TSLA is creating