Author: admin

Eli Lilly & Co.’s stock climbed 1.7% in premarket trade Friday, after the drug maker was upgraded at Credit Suisse, which said it anticipated better-than-expected sales of the diabetes drug Jardiance, sooner than originally expected. Analyst Vamil Divan raised his rating to outperform, after being at neutral the last two years. He lifted his stock price target to $105, which is 25% above Thursday’s closing price of $83.77, from $89. Divan said a proprietary survey indicates that most physicians are already well aware of the positive results of a recent diabetes study. “We believe this should allow for increased use of Jardiance…even in the near-term, with further upside likely in 2017 and beyond once the data from the study are included in the Jardiance package insert,” Divan wrote in a note to clients. The stock has run up 21% year to date through Thursday, while the S&P 500 has slipped 2.2%.

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.

…read more

From:: Stock Market News

Eli Lilly & Co.’s stock climbed 1.7% in premarket trade Friday, after the drug maker was upgraded at Credit Suisse, which said it anticipated better-than-expected sales of the diabetes drug Jardiance, sooner than originally expected. Analyst Vamil Divan raised his rating to outperform, after being at neutral the last two years. He lifted his stock price target to $105, which is 25% above Thursday’s closing price of $83.77, from $89. Divan said a proprietary survey indicates that most physicians are already well aware of the positive results of a recent diabetes study. “We believe this should allow for increased use of Jardiance…even in the near-term, with further upside likely in 2017 and beyond once the data from the study are included in the Jardiance package insert,” Divan wrote in a note to clients. The stock has run up 21% year to date through Thursday, while the S&P 500 has slipped 2.2%.

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.

…read more

From:: Stock Market News

Wal-Mart Stores Inc. said Friday it has appointed Brett Biggs as its new chief financial officer to replace Charles Holley, who is retiring. Biggs, who is currently executive vice president and CFO of Walmart International, will take up his new role on Dec. 31. Shares were not yet active in premarket trade, but are down 22% in the year so far, while the Dow Jones Industrial Average has lost 4.3%.

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.

…read more

From:: Stock Market News

Wal-Mart Stores Inc. said Friday it has appointed Brett Biggs as its new chief financial officer to replace Charles Holley, who is retiring. Biggs, who is currently executive vice president and CFO of Walmart International, will take up his new role on Dec. 31. Shares were not yet active in premarket trade, but are down 22% in the year so far, while the Dow Jones Industrial Average has lost 4.3%.

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.

…read more

From:: Stock Market News

Google Inc.’s price target was raised to $815 from $750 at Credit Suisse on Friday. Analyst Stephen Ju also reiterated an outperform rating on the expectation that search volume was strong and YouTube was hardly impacted by premium videos on Facebook Inc. . Google is set to report third-quarter earnings after the market close on Thursday. Shares of Google were up 0.5% in premarket trade, putting the stock on track to open around $670.38. Its shares have risen 23% over the last three months, outperforming the S&P 500’s 2% decline. The average target on Google’s stock is the equivalent to buy, and the average stock target is $774.22, according to FactSet poll of more than 35 analysts.

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.

…read more

From:: Stock Market News

Tesla Motors Inc.’s stock dropped 3.2% in active premarket trade Friday, after Barclays analyst Brian Johnson slapped the equivalent of a sell recommendation on the electric car maker, saying the Model X rollout was not the technical boost he had expected. Johnson cut his rating to underweight, after being at equal weight since August 2013. He lowered his stock price target to $180, which is 21% below Thursday’s closing price of $226.72, from $190. “Launch events typically generate a run-up into the event, with some payback after. Yet last week’s X launch failed to boost the shares–indicating a lack of ‘story’-driven buying support,” Johnson wrote in a note to clients. He said the slow Model X launch reinforces his view that Tesla will “significantly miss” 2015 delivery guidance, and also calls into question whether the anticipated Model 3 will launch on time. The stock fell 4.8% in the week leading up to the Model X launch late on Sept. 30. Since then, it has slumped 8.7% through Thursday, compared with a 4.9% rise in the S&P 500.

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.

…read more

From:: Stock Market News

​WASHINGTON (MarketWatch) – The prices the U.S. paid for imported goods ​fell by a seasonally adjusted 0.1% in ​September, much smaller than the 1.6% plunge in the prior month, the government said Friday​. Excluding fuel, import prices dropped by 0.3%. The price of U.S.-made goods exported to other nations declined by 0.7% last month. In the past 12 months import prices have dropped 10.7%, ​largely because of a lower oil costs​ and a stronger dollar that makes foreign goods less expensive. Import prices are down a smaller 3.1% excluding fuel in the same span.

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.

…read more

From:: Stock Market News

Another four car makers have joined the list of those whose diesel cars emit more pollution on the road than in regulatory tests, the issue that has created a massive scandal and major recall for Germany’s Volkswagen AG , the Guardian reported Friday. Mercedes-Benz, Honda, Mazda and Mitsubishi vehicles were all found to perform differently on the road than in test conditions, the Guardian said, citing data from Emissions Analytics, who tested the cars. The paper quoted Nick Molden from Emissions Analystics as saying the the issue is systemic across the industry. The report comes after the paper last week reported the same issue was found with cars made by Renault, Nissan, Hyundai, Citroen, Fiat, Volvo and Jeep.

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.

…read more

From:: Stock Market News

Wells Fargo & Co. was upgraded on Friday at J.P. Morgan, which called the banking giant “a steadier port in uncertain markets” than its peers. Analyst Vivek Juneja raised his rating to overweight, after being at neutral for the last 15 months, but trimmed his stock price target to $58.50 from $59.50. He said Wells Fargo’s better-than-peer track record makes its stock a more defensive play, following the recent weakness in financial sector and given that he expects financial markets to remain choppy. Juneja said the expected increase in capital returns the rest of this year and relatively-high dividend yield–the 2.85% annual dividend yield compares with the SPDR Financial ETF distribution yield of 1.88%–also makes the stock relatively attractive. Juneja said the recent increase in mortgage refinancing should help Wells Fargo more than its peers, since the bank has the largest share of revenue from mortgages. The stock, which rose 0.9% in premarket trade, has lost 5.3% over the past three months, while the XLF has declined 3.9% and the S&P 500 has slipped 1.9%.

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.

…read more

From:: Stock Market News

One person was killed and three were injured in the early hours of Friday at Northern Arizona University’s campus in Flagstaff, Ariz. According to a post on the university’s Facebook page, the shooter is in custody and the university is not on lockdown. “The incident took place outside Mountain View Hall on the northeast end of the Flagstaff Campus. The first call of shots fired came in at 1:20 a.m.,” said the post. The campus police department is working on an investigation into the incident with the Flagstaff Police Department. The shooting comes two weeks to the day that a gunman at Umpqua Community College outside of Roseburg, Ore. killed nine people and wounded nine others.

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.

…read more

From:: Stock Market News