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Morgan Stanley Sees Microsoft Resuming an Upward Trajectory
Morgan Stanley analyst Keith Weiss has grown even more bullish on Microsoft Corporation (NASDAQ: MSFT), reiterating an Overweight rating with a price target raised from $72 to $80. “Microsoft is back to showing durable double-digit EPS growth — and investors should be willing to pay a higher multiple for that growth,” said Weiss in a note. The analyst presented three
Amazon's Deal For Whole Foods Strips Rival Supermarkets of $22 Billion in Market Value
Since Amazon announced on Friday morning that it was acquiring Whole Foods, the trendy supermarket’s stock has exploded at the expense of its competitions, which lost roughly $21.7 billion of combined market value, Recode reports. Grocery giants Dollar General, Walmart, Target, Sprouts, Costco, Kroger and SuperValu lost a combined 6 percent of their aggregate market cap in one day, according
One Easy Way to Invest in The 'Asian Century'
The 19th century belonged to the United Kingdom, the 20th century to the United States. Many market experts and analysts now speculate that the 21st century will be remembered as the “Asian Century,” dominated by rising superpowers such as Indonesia, India and China. It’s those last two countries, India and China—home to nearly 40 percent of the world’s population—that I
Commodities: Time to Buy When Others Are Selling?
As outflows increase, oil fundamentals are strengthening As I travel around the country to meet with institutional clients, I often hear this question: “What is everyone selling? Because that’s something I’m really interested in buying.” These are clients who have the confidence and experience to contradict the herd mentality that causes many investors to chase market returns (which often results
Four Reasons Why the Fed's Balance Sheet Unwind Shouldn't Rock the MBS Market
Market participants increasingly expect the Federal Reserve to begin unwinding its balance sheet during the second half of 2017, and many have speculated that the agency mortgage-backed securities (MBS) market – and the U.S. housing market more broadly – could suffer as a result. For context, the Fed owns approximately $1.75 trillion of agency MBS, accounting for roughly 29% of
Neel Kashkari Elaborates on Why He Voted Against Raising Rates
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, explained in a new essay why he was the lone dissenter on the Fed's vote this week to raise interest rates. While the U.S. economy is nearing full employment - which Kashkari acknowledges would by itself be enough to raise rates - core inflation is also dropping. "We don’t yet
Amazon to Acquire Whole Foods For $13.7 Billion
Amazon is acquiring Whole Foods for $13.7 billion, the companies announced on Friday. The companies said in a press release that Amazon will acquire Whole Foods for $42 per share in an all-cash transaction. The acquisition represents the biggest deal for Jeff Bezos' e-commerce behemoth, Bloomberg reports. “This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at
Facebook on Fake News: We're Trying
Capital Markets
Campbell Brown has crossed to the dark side, from media to corporate. Now she’s answering for the challenges being levied at Facebook about how they do - or don’t - manage the scourge of fake news. Campbell Brown, the former CNN journalist turned Facebook exec, came into the lion’s den of Hong Kong’s Foreign Correspondents’ Club (FCC) to explain Facebook’s
Uncharted Terrain: Today’s Global Market Drivers
Capital Markets
Despite some uncertainties, economic improvements in developed and emerging markets have supported a positive mood across both equity and fixed income this year. However, with some geopolitical risks on the horizon and historically low volatility in equities in particular, many investors are wondering whether the tide may turn. Against this backdrop, Franklin Templeton’s senior investment leaders discuss where they see
Snap is Now Barely Hovering Above its IPO Price
Capital Markets
The precipitous fall of Snap Inc.'s share price, which began almost immediately after its blockbuster public offering, has plunged the company down to just above its IPO price of $17, TechCrunch reports. Snap's slowing user growth has raised investors' concerns, which were compounded by the company's terrible first quarter results that badly missed analysts' projections across the board. The company has