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Mobileye NV’s stock surged 4% in premarket trade Thursday, after RW Baird upgraded the driver-assistance systems maker, citing increased confidence in the company’s business model following new business awards. Analyst David Leiker raised his rating to outperform, after being at neutral since he started covering the company last August. He boosted his stock price target to $73, which is 35% above Wednesday’s closing price, from $47, which was 13% below. “We have been on the sidelines since last year’s IPO struggling with elevated expectations, lofty valuation and uncertain outlook for the out years,” Leiker wrote in a note to clients. “We are now more comfortable with the pace of active safety adoption (ADAS) and Mobileye’s technology position.” The stock, which went public on Aug. 1, 2014 at an IPO price of $25, has soared 33% year to date through Wednesday, while the S&P 500 has slipped 0.6%.

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From:: Stock Market News

Sunday’s crucial summit on the Greek debt crisis will start when eurozone leaders gather at 4 p.m. local time in Brussels, or 10 a.m. Eastern Time, the EU Council press service said Thursday. That 19-country Euro Summit will be followed by a European Council meeting of all 28 EU members, scheduled to begin at 6 p.m. local time, or noon Eastern. Greece has been given until the meetings on Sunday to hash out a bailout deal with its creditors, or face bankruptcy and an exit from the euro.

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From:: Stock Market News

The nearly four-hour halt in trading on the New York Stock Exchange Wednesday may have been related to a software update from the night before, according to The Wall Street Journal, which cited a person familiar with the events. It took nearly an hour and a half for the exchange to pinpoint the issue, according to WSJ. But the exact cause is still under investigation. Trading was halted on Wednesday at 11:32 a.m. Eastern, and didn’t resume until around 3:10 p.m. Eastern.

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.

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From:: Stock Market News

T-Mobile US Inc. said Thursday it added 2.1 million customers in the second quarter, up 41% from the same period a year ago, bringing its total customer base to 58.9 million. More than 1 million of that total were branded postpaid customers, which are the more valuable customer segment, the company said in a statement. That was up 11% from a year ago. The company added 178,00 branded prepaid customers in the quarter, up 75% from a year ago. Branded postpaid churn stood at 1.3%, down 16 basis points from a year ago. Shares were indicating higher in light premarket volume, and are up about 43% in the year so far, while the S&P 500 has fallen 0.6%.

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From:: Stock Market News

The Bank of England on Thursday left its lending rate at a record low of 0.5%, as expected. The rate has been at that level since March 2009. The bank’s quantitative-easing program was also left unchanged, at 375 billion pounds ($576.51 billion). Minutes from the meeting will be released on July 22. The pound was little changed at $1.5476 after the rate decision. Sterling late Wednesday traded at $1.5360. The FTSE 100 index was steady, holding to a 1.1% rise to 6,562.02.

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From:: Stock Market News

Shares of PepsiCo Inc. rose 3% ahead of the bell on Thursday after the drinks and food company reported earnings that beat Wall Street estimates. The company said second-quarter adjusted profit came in at $1.32 share, beating FactSet estimates of $1.24 a share. Net profit rose slightly to $1.98 billion, or $1.33 a share, from $1.978 billion, or $1.29 a share, in the year-ago-period. Revenue fell 6% to $15.92 billion, beating forecasts of $15.80 billion. PepsiCo raised its full-year core constant currency EPS growth outlook to 8%, from 7% expected previously.

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From:: Stock Market News

The head of Islamic State in Afghanistan has been killed in a U.S. drone strike, according to media reports Thursday. Shahidullah Shahid died along with 25 others in an attack in Nangarhar province in eastern Afghanistan. Shahid had previously been a spokesman for the Pakistani Taliban, but was fired last year for pledging allegiance to Islamic State, said reports.

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From:: Stock Market News

WASHINGTON (MarketWatch) — Minneapolis Fed President Narayana Kocherlakota said in a speech in Frankfurt that monetary policy won’t be enough to meet the central bank’s goals on inflation and employment, due to the decline in the long-run neutral real interest rate. Over the past year, he noted, the 10-year, 10-year forward TIPS yield has averaged around 1.5%, compared to between 2% and 2.5% between the second half of 2004 and the first half of 2007. He said “fiscal policymakers” — that is, Congress — could mitigate the risk by by choosing to maintain higher levels of public debt than markets currently anticipate, though he stressed there would be risks from doing so. Kocherlakota, who is retiring from the central bank, is one of the most dovish Fed members.

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From:: Stock Market News

What you pay depends on where you live …read more

From:: DIY this old house

Prefab pop-up pods add escapes just about anywhere you can imagine …read more

From:: DIY this old house