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MarketWatch MarketPulseJun 21, 2018
Dow threatens eighth straight drop as trade remains at forefront
U.S. stocks opened slightly lower on Thursday, with the Dow on pace to extend its lengthy losing streak to an eighth straight day as uncertainty over trade policy continued to dominate investor sentiment. The Dow Jones Industrial Average dropped 0.2% to 24,593. If the blue-chip average finishes in the red, it will match its longest losing streak since March 2017. The S&P 500 was unchanged at 2,768. The Nasdaq Composite Index rose 0.3% to 7,803. The Nasdaq, as has recently been the case, was supported by gains in large internet and technology stocks. Notably, Micron Technology Inc. jumped 4.6% a day after reporting strong results and giving an optimistic forecast. Broadly, markets remain fixated on trade tensions between the U.S. and key trading partners such as China and the European Union. Investors are worried the tensions and recent tariffs could develop into a headwind for the global economy. These concerns come as the U.S. economy, the world's largest, is increasingly viewed as in the late stages of its expansion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJun 21, 2018
Verizon, Charter Communications stocks gains after Goldman Sachs upgrades to buy
Shares of Verizon Communications Inc. are up 1.3% in premarket trading Thursday, while Charter Communications Inc. shares are up 1.9%, after Goldman Sachs analyst Brett Feldman upgraded both stocks to buy from neutral. He said that the keys to success for telecom companies are strong network assets and capabilities, large customer bases, and strong financials. "We believe that Verizon and Charter score well across all three factors, and are positioned as long-term leaders in broadband and 5G," Feldman wrote. "Put another way, we believe that both operators can drive attractive long-term shareholder returns by sustaining their core focus on connectivity (i.e. building strong pipes)." Verizon shares are up 5.9% over the past 12 months, while Charter shares have fallen 13%. The S&P 500 has gained 14% in that time, while the Dow Jones Industrial Average has risen 15%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJun 21, 2018
Sirius XM stock falls after Goldman downgrades to sell
Sirius XM Holdings Inc. shares are down 4.1% in Thursday trading after Goldman Sachs analyst Brett Feldman downgraded the stock to sell from neutral. "We believe the stock's material YTD outperformance ( 40% vs. 4% for the S&P 500) has been driven primarily by a range of positioning factors including its relationship with its tracking stock , declining short interest, and Sirius's high share repurchases relative to its low float," Feldman wrote. "We see limited upside potential to subscriber and financial estimates over the near-to medium-term given the slowing pace of new car sales in the US, a maturing used car subscriber acquisition funnel and limited opportunity to increase pricing in the near-term." He has a $6 price target on the stock. Sirius's stock has gained 43% over the past 12 months, while the S&P 500 has gained 14%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsJun 21, 2018
Kroger is surging after crushing earnings thanks to booming online sales - Business Insider

Business Insider


Kroger easily topped first-quater expectations on Thursday. Digital sales spiked 66% over the previous quarter as Kroger faces increasing competition from Amazon. The stock surged more than 8% in early trading. Follow Kroger's stock price in real-time
Kroger 9% after earnings topper


MarketWatch MarketPulseJun 21, 2018
Western Digital stock gains after upbeat forecast from Micron, positive commentary from Guggenheim
Shares of Western Digital Corp. are up 2.2% in premarket trading Thursday following an upbeat memory outlook from Micron Technology Inc. in conjunction with its latest earnings report as well as a positive note from Guggenheim analyst Robert Cihra. "We continue to estimate WDC's fastest-growing segment in CY18E being its data center group...with ALL of that growth coming from a big reacceleration in high-capacity (nearline 7200-rpm) enterprise HDDs shipping into booming hyperscale cloud capex" wrote Cihra. He estimates that this segment will grow 19% year over year and come to represent 31% of Western Digital's total revenue, up from 28%. "We estimate WDC's Enterprise SSD revs down Y/Y through the June quarter but with new products potentially driving improvement starting 2H18E," Cihra wrote. Enterprise SSDs could "reaccelerate" during the second half of 2018, he said. Western Digital shares are down 12% over the past 12 months, while the S&P 500 has gained 14%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsJun 20, 2018
Disney Ups Its Bid for 21st Century Fox to $71.3 Billion - New York Times

New York Times


The Walt Disney Company sharply increased its offer for 21st Century Fox on Wednesday, as it looks to win a bidding war with Comcast for Rupert Murdoch's entertainment conglomerate. In a quickly issued response, 21st Century Fox announced that it had ...
Stocks gain ground; Starbucks dropsLos Angeles Time

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