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U.S. drug developer Aimmune Therapeutics said on Tuesday its peanut allergy drug met the main goal of an eagerly awaited late-stage study, sending its shares up 18 percent premarket. The positive trial data comes nearly four months after French drug developer DBV Technologies‘ stick-on patch failed to sufficiently desensitize patients with the allergy, but the
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Moore said analysts have been ratcheting up their earnings forecasts based on what companies said during earnings season. The expectation is that earnings growth this year could now be 19 percent. Sixty percent of S&P 500 companies provided guidance that exceeded expectations. BlackRock monitors earnings revisions, which can be a key indicator for the market,
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There’s plenty of room in investors’ stock portfolios for both Coca-Cola and Pepsi, CNBC’s Jim Cramer said Friday. “I would say the ‘cola wars’ have ended, so everybody’s making money in cola,” said Cramer, whose charitable trust owns shares of Pepsi. The “cola wars” refers to a longtime on-again-off-again rivalry between Coca-Cola and Pepsi, in
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Wall Street is apparently done panicking over Apple. And now that the stock has bounced back from recent lows, three of the company’s advantages — popularity in China, a growing services business and a war chest of cash — provide a clear path forward, according to GBH Insights analyst Dan Ives. “[O]n the heels of
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Noah Berger | Bloomberg | Getty Images A woman walks past Salesforce.com signage at the DreamForce Conference in San Francisco, California. Salesforce.com’s “consistently strong” enterprise growth and customer demand will propel shares by more than 20 percent, according to one top Wall Street firm. Jefferies upgraded the enterprise software company’s stock to buy, saying it
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If there’s one thing nearly all market players seem to agree on, it’s that the era of super-low volatility is over. But that shouldn’t cause concern, according to Credit Suisse and other major banks, who are promoting it as an opportunity to buy. “Obviously, we’ve seen the VIX (Wall Street’s ‘fear index’) at incredibly low
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Kazuhiro Nogi | AFP | Getty Images Sony president and CEO Kazuo Hirai (L) shakes hands with executive deputy president and CFO, Kenichiro Yoshida (R), during a press briefing at the company’s headquarters in Tokyo on February 2, 2018. Sony chief executive Kazuo Hirai, who led a major and successful overhaul at the Japanese electronics
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“We just saw the largest-ever percent gain in the VIX and the largest-ever single-day point fall in the Dow. ETFs performed better than they’ve ever performed,” said Martin Small, head of U.S. iShares at money manager BlackRock. “They’ve become an integral part in risk management and hedging.” BlackRock is the biggest player in the ETF
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