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1. Fed's Kashkari warns colleagues 'not to overdo it' with interest-rate hikes01:59[−]

Minneapolis Fed President Neel Kashkari said Monday he was worried the central bank might get too aggressive with interest-rate hikes and push the economy into recession. "Let's not overdo it," Kashkari said during a question-and-answer session in Escanaba, Mich. Low wage growth suggests there is still slack in the labor market, he said. "If we see wages pick up, we can always respond then," Kashkari said. The Minneapolis Fed president said he would be watching the yield curve closely. An inversion of the yield curve was the "very best predictor of recession," he said. Kashkari is one of two regional bank presidents urging caution on further rate hikes. The majority at the Fed is targeting at least two more quarter-percentage point moves this year. Kashkari is not a voting member of the Fed's interest-rate committee this year.

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.


2. Intel, Google, Microsoft disclose new Spectre/Meltdown variant01:42[−]

Intel Corp. said late Monday that it and Alphabet Inc.'s Google Project Zero and Microsoft Corp. have discovered another variant of a chip-based exploit revealed at the beginning of the year. Following the reveal of the so-called Spectre and Meltdown exploits, Intel said it, Alphabet and Microsoft have discovered a new exploit they call "Variant 4." "Variant 4 uses speculative execution, a feature common to most modern processor architectures, to potentially expose certain kinds of data through a side channel," Intel said in a statement. Intel said it has already delivered microcode updates to cover Variant 4 to system manufacturers and software vendors.

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.


3. Electrocore files for IPO01:05[−]

Electrocore LLC of Basking Ridge, N.J., has filed for an initial public offering. Electrocore, which makes health-care technology, seeks to raise $74.8 million, though that number could be a placeholder. The stock would trade on the Nasdaq under the ticker symbol "ECOR." The company listed revenue of $81,000 and net losses of $9.5 million in the first quarter of this year. The company logged losses of $35.8 million on sales of $811,500 in 2017. Evercore ISI, Piper Jaffray, and JMP Securities are underwriting the issue.

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.


4. Micron's stock gains further after hours on $10 billion buyback plan00:18[−]

Micron Technology Inc. shares moved higher in the extended session Monday after the memory-chip maker announced that its board approved a plan to buy back up to $10 billion in shares. Micron shares rallied 3.7% after hours, following a 3.9% gain to close at $55.48 in the regular session when the company hiked its outlook for the fiscal third quarter. The announcement comes as Micron said it plans to return at least 50% of free cash flow to shareholders beginning in fiscal 2019.

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.


5. Pure Storage shares drop after earnings beat00:15[−]

Pure Storage Inc. shares fell 4% in the extended session Monday after the company beat analyst expectations for the bottom line. The flash memory company's stock closed down a fraction to $23.61 during regular trading. The company reported first-quarter net losses of $64.3 million, or 29 cents a share, compared with net losses of $57.2 million, or 28 cents a share, in the year-ago period. Adjusted losses were 7 cents a share. Revenue rose to $255.9 million from $182.6 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted losses of 12 cents a share on revenue of $251 million. For the second quarter, analysts model adjusted losses of 6 cents a share on sales of $299 million; Wall Street models full-year sales of $1.34 billion. The company said it expected second-quarter sales of $296 million to $304 million and full-year sales of $1.32 billion to $1.38 billion. Pure Storage stock has gained 49% this year, with the S&P 500 index rising 1.5%.

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.


6. Kelly will set up meeting between FBI, congressional leaders to review requested information: White HouseПн., 21 мая[−]

White House Chief of Staff John Kelly will set up a meeting with the Federal Bureau of Investigation, Department of Justice and Director of National Intelligence together with congressional leaders to review information the lawmakers have requested, White House press secretary Sarah Sanders said. Republican lawmakers have sought documents related to the Russia investigation, particularly on use of the Foreign Intelligence Surveillance Act to investigate Trump campaign members. The statement followed President Donald Trump's meeting with Deputy Attorney General Rod Rosenstein and FBI Director Christopher Wray. It also said the DOJ has asked its inspector general to "expand its current investigation" and look into "irregularities" regarding the Trump campaign, a move the DOJ earlier announced.

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.


7. D.E. Shaw & Co. discloses 5.1% stake in YelpПн., 21 мая[−]

Hedge-fund D.E. Shaw & Co. LP late Monday revealed a 5.1% stake in online-review site Yelp Inc. . A Securities and Exchange Commission filing showed that D.E. Shaw has accumulated 4.1 million shares, in what amounts to a passive stake in the company. Yelp's shares have climbed 10.7% so far in 2018, outperforming the market, with the S&P 500 index up 2.2%, the Dow Jones Industrial Average gaining 1.2% over the same period and the technology-laden Nasdaq Composite Index advancing by 7.1% thus far this year, according to FactSet data. Yelp shares weren't moving in after-hours trade Monday, after finishing the regular session flat on the day at $46.45.

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.


8. SailPoint's stock drops on follow-on offeringПн., 21 мая[−]

SailPoint Technologies Holdings Inc.'s stock fell in the extended session Monday after the company announced a follow-on offering of shares. SailPoint shares dropped 8.9% after hours, following a 0.7% decline to close the regular session at $22.44. The identity governance company said current stockholders were offering 15 million shares, with an additional 2.25 million shares to underwriters to cover overallotments. The company said it will not receive any proceeds from the offering. SailPoint launched its initial public offering back in November and in February, SailPoint's quarterly results topped Wall Street estimates.

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.


9. Glass tableware maker Libbey halts dividend, shares down 5%Пн., 21 мая[−]

Libbey Inc. said late Monday its board of directors has suspended the company's dividend "to increase focus on debt reduction and continued investment in strategic initiatives," the glass maker said in a statement. "We are encouraged by the momentum that the company has demonstrated in the past two quarters as we continue to make progress on key initiatives to improve our performance, and we remain committed to our 2018 guidance," Chief Executive William Foley said in a statement. Libbey shares fell more than 5% after ending the regular trading day down 3.8%.

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.


10. Adobe to buy commerce platform Magento for $1.68 billionПн., 21 мая[−]

Adobe Systems Inc. said late Monday it had agreed to buy commerce platform Magento Commerce for $1.68 billion, subject to adjustments. "The Magento Platform brings together digital commerce, order management and predictive intelligence into a unified commerce platform enabling shopping experiences across a wide array of industries," Adobe said in a statement. Magento Chief Executive Mark Lovelle will remain at the helm at Magento as part of Adobe's digital experience business, the company said. The deal is expected to close in Adobe's fiscal third quarter, subject to approvals and closing conditions, Adobe said. Magento Shares of Adobe rose 1.1% after ending the regular trading session flat. In a separate press release, Adobe said its board of directors has approved a share buyback program of up to $8 billion through fiscal 2021.

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.


11. U.S. stocks end at two-month highs as trade concerns waneПн., 21 мая[−]

U.S. stocks closed solidly higher on Monday, with industrial stocks leading the market higher as concerns over a potential trade war with China showed signs of fading. The Dow Jones Industrial Average rose 1.2% to 25,013. The S&P 500 gained 0.7% to 2,733. The Nasdaq Composite Index added 0.5% to 7,394. Both the Dow and the S&P closed at their highest level in about two months. The Russell 2000 index of small capitalization stocks rose 0.5%, ending at a record for a fourth straight day. The mood was upbeat after Treasury Secretary Steven Mnuchin said over the weekend that the Trump administration would delay implementation of tariffs on Chinese goods and "put the trade war on hold" while working out details of a deal between the countries. Industrial stocks are seen as having some of the highest exposure to trade issues, and the sector led the market's gains on Monday. Boeing Co. rose 3.6% while Caterpillar Inc. added 2.1%.

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.


12. Fed's Harker sees two, maybe three, more interest rate hikes this year, reportПн., 21 мая[−]

Philadelphia Fed President Patrick Harker said Monday he currently sees two more interest rate hikes this year, but said it is possible he could support a third increase, according to Reuters. Harker said inflation does seem to be moving toward the central bank's 2% target. He said it was appropriate to moves rates up "judiciously." Harker is not a voting member of the Fed's interest-rate policy committee this year.

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.


13. Fifth Third's stock tumbles as high price of MB Financial buyout turns Instinet analyst bearishПн., 21 мая[−]

Shares of Fifth Third Bancorp tumbled 8.2% in afternoon trade Monday, putting them on track for the biggest one-day selloff in two years, after the regional bank's deal to buy MB Financial Inc. in a $4.7 billion deal pushed Instinet analyst Bill Carcache to turn bearish. Carcache cut his rating to reduce, after being at neutral since January 2017, and slashed his stock price target to $31 from $36, as he said the deal represents a "painful blow" to Fifth Third's existing shareholders. "At issue, in our view, is the high cost of the [MB Financial] acquisition," Carcache wrote in a note to clients. The deal is financed 90% with Fifth Third stock and just 10% with cash. Carcache said the fact that Fifth Third is using its shares, which trade at 11.8-times next-12-month (NTM) earnings per share (EPS), as currency to acquire a target that trades at 14.7-times NTM EPS, shows the high cost will be borne by Fifth Third shareholders. MB Financial shares ran up 12.5%. Over the past three months, Fifth Third's stock has lost 7.8%, MB Financial shares have rallied 17.2%, the SPDR S&P Regional Banking ETF has gained 2.4% and the S&P 500 has tacked on 1.2%.

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.


14. Oil prices mark another finish at their highest in 3 1/2 yearsПн., 21 мая[−]

Oil prices settled Monday at its highest since late November 2014, buoyed by growing expectations that the U.S. will impose more sanctions on Venezuela following what it referred to as a "sham" presidential election in the South American nation. Sanctions would likely hurt oil production in Venezuela, which has already been hit by the nation's economic crisis. June West Texas Intermediate crude rose 96 cents, or nearly 1.4%, to settle at $72.24 a barrel on the New York Mercantile Exchange.

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.


15. Carl Icahn files suit against AmTrust and Zyskind/Karfunkel families over going-private dealПн., 21 мая[−]

Activist investor Carl Icahn said Monday he has filed a suit against insurer AmTrust Financial Services Inc. , Chief Executive Barry Zyskind and board members George Karfunkel and Leak Karfunkel, and said their plan to take the company private disadvantages the public shareholders. The deal "undervalues the company and is happening at the wrong price and at the wrong time," Icahn said in his complaint. "The deal price of $13.50 per share is less than half what AmTrust was trading for in early 2017."The company and the Zyskind/Karfunkel families have "manipulated the record date," which could tilt the deal in their favor, he said. He urged a Delaware court to judge the deal under the "entire fairness" standard, instead of the less stringent "business judgement" standard. In a letter to AmTrust last week, Icahn said the Karfunkel and Zyskind families, which control the New York workers' compensation insurer, are "blatantly taking advantage" of the company's minority shareholders. Shares were up 1% Monday, but have gained 38% in 2018, while the S&P 500 has gained 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.


16. Tesla Model 3 falls short of a Consumer Reports recommendation, but still 'thrilling'Пн., 21 мая[−]

While "there's plenty to like" about Tesla Inc.'s Model 3, issues with the mass-market sedan's braking, touch-screen controls, and ride quality "hurt" the car's standings with Consumer Reports, the magazine said Monday. As a result, the Model 3 did not earn a Consumer Reports recommendation, the magazine said on its website. "These performance and ergonomics problems were serious downsides to an otherwise impressive performance sedan," which included wins such as a "blistering" 0-to-60-mph time of 5.3 seconds, a handling equaling of a much pricier vehicle, and the longest distance on a single battery charge that the magazine ever recorded in an electric car, 350 miles. The Consumer Reports testers "found the Model 3 thrilling to drive," the magazine said.

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.


17. Micron Tech's stock advances on raised third-quarter outlookПн., 21 мая[−]

Micron Technology Inc. shares rose Monday after the Boise, Idaho-based memory chip maker raised its guidance for the fiscal third quarter. Micron shares advanced 3.2% to $55.11 in recent activity, after touching an intraday high of $56.47, on volume of 34.3 million shares in early trading. Average daily volume for the stock over the past 52 weeks is 39.7 million shares. In comparison, the PHLX Semiconductor Index was up 0.4% and the S&P 500 index was up 0.5%. Micron forecast third-quarter earnings of $3.12 to $3.16 a share on revenue of $7.7 billion to $7.8 billion, up from its previous forecast of $2.76 to $2.90 a share on revenue of $7.2 billion to $7.6 billion. Analysts surveyed by FactSet on average expect earnings of $2.86 a share on revenue of $7.49 billion. "Our third quarter results are driven by focused execution of our strategy against a backdrop of healthy industry fundamentals," said Sanjay Mehrotra, Micron president and chief executive, in a statement. Shares of Micron are up 34% for the year, while the SOX index is up 8% for 2018.

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.


18. Kohl's partners with Popsugar for millennial apparel collectionПн., 21 мая[−]

Kohl's Corp. said Monday that it has partnered with privately-held media and tech company PopSugar for a clothing collection aimed at millennial women. PopSugar at Kohl's will launch in September. Dresses, skirts, tops and bottoms will be priced between $24 and $84 and include sizes 0 to 24. Other millennial-focused brands already at Kohl's include LC Lauren Conrad and Circus by Sam Edelman, as well as athleisure brands like Nike Inc. and Adidas AG . "We see an opportunity to draw more millennial customers and young families to Kohl's," said Greg Revelle, Kohl's chief marketing officer, in a statement. Kohl's shares are up 19.5% for the year to date while the S&P 500 index is up 2.3% for the period.

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.


19. GE on track to close at nearly four-month high; stock enters bull-market territoryПн., 21 мая[−]

Shares of General Electric Co. rallied on Monday, with the industrial conglomerate on track to close at its highest level in nearly four months and officially entering bull-market territory. The stock rose 3.7% to $15.51, which would represent its highest close since Feb. 2. The stock, while remaining a weak performer thus far this year and over the past 12 months, has recently shown signs of having turned a corner. It is up about 22% from its 52-week low, which officially puts the Dow component into bull-market territory, having broken out of a lengthy bear-market stretch. However, GE remains down 11.2% for 2018, and it has lost nearly 45% of its value over the past 12 months. The day's gains came on news that the multinational conglomerate's transportation unit would merge with railroad-equipment maker Wabtec Corp. in a deal valued at $11.1 billion. The Dow Jones Industrial Average rose 1.4% while the S&P 500 was up 0.9% and the Nasdaq Composite Index added 1%. All three major indexes were on track to close at a two-month high.

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.


20. Micron leads chip stocks higher after U.S. puts China trade war 'on hold'Пн., 21 мая[−]

Shares of chipmakers and component suppliers are up in Monday morning trading after Treasury Secretary Steven Mnuchin said over the weekend that Trump's administration would put the trade war with China "on hold." Shares of chipmaker Micron Technology Inc. are up 4.3%, while shares of peers Western Digital Corp. , Advanced Micro Devices Inc. , and Nvidia Corp. are also trading higher. The PHLX Semiconductor Index has gained 1.7%. Chip stocks and optoelectronics stocks fell after the U.S. first announced tariffs on China. Shares of optoelectronics companies Lumentum Holdings Inc. , Finisar Corp. , Acacia Communications Inc. , Applied Optoelectronics Inc. are all up in Monday's session and outpacing gains in the S&P 500 , which has gained 0.8%.

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.


21. Caterpillar's stock surges to 3-month high, leads Dow gainersПн., 21 мая[−]

Shares of Caterpillar Inc. surged 3.0% in morning trade Monday, enough to pace the 29 of 30 Dow Jones Industrial Average components that are gaining ground, as optimism over a trade deal with China helped fuel a broad market rally. Caterpillar's stock has now recovered everything it has lost since investors started fearing a trade war on Feb. 16, when the U.S. threatened tariffs on steel and aluminum imports. Tariffs on steel would raise raw material costs for Caterpillar, while retaliatory measures could also hurt given China is Caterpillar's third-largest market, behind the U.S. and Canada, according to FactSet. Caterpillar's stock had dropped 2.3% on Feb. 16, and had lost as much as 11% after the initial tariffs were announced, before bouncing. The stock has now run up 56% over the past 12 months, while the Dow has rallied 20%.

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.


22. Russell 2000 hits record in early tradingПн., 21 мая[−]

The Russell 2000 index of small-capitalization stocks rose on Monday, advancing to its latest in a series of records as investors cheered an easing of U.S.-China trade tensions. While smaller companies are seen as having less exposure to trade issues, due to their higher concentration of U.S. revenue exposure, the market segment has rallied consistently for weeks, easily outperforming its larger-cap peers. The Russell rose 0.6% in early trading, hitting an intraday record of 1,635.72. The index is on track for its fourth straight advance, as well as its 10th gain of the past 12 trading days. The Dow Jones Industrial Average rose 1.3% while the S&P 500 was up 0.9% and the Nasdaq Composite Index added 1%. All three major indexes were on track to close at a two-month high.

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.


23. U.S. stocks on track to close at two-month highПн., 21 мая[−]

U.S. stocks rallied in early trading on Monday, with major indexes on track for their highest close in more than two months. The Dow Jones Industrial Average gained 1.1%, putting it on track for its highest close since March 12. The S&P 500 gained 0.8%. At current levels, the benchmark index was set for its highest close since March 16. The Nasdaq Composite Index added 1% and could end at its highest level since March 16. The day's gains were broad based, with all 30 Dow components higher, along with all 11 primary S&P 500 sectors. The gains came after Treasury Secretary Steven Mnuchin said over the weekend that the Trump administration would delay implementing tariffs on Chinese goods and "put the trade war on hold" while working out details of a deal between the countries.

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.


24. Stock market opens higher as U.S.-China trade war put 'on hold'Пн., 21 мая[−]

U.S. stocks opened higher Monday, buoyed by an easing of trade tensions between the U.S. and China. U.S. Treasury Secretary Steven Mnuchin over the weekend said a trade war between the economic power was "on hold" after Washington and Beijing agreed to suspend threatened tariffs. The S&P 500 rose 0.8%, while the Nasdaq Composite gained 1%. The Dow industrials advanced 259 points, or 1%. Shares of Caterpillar Inc. rose 2.6% to lead Dow gainers, while shares of General Electric Co. jumped 2.4% after a deal to merge its transportation business with Wabtec Corp. .

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.


25. GE's stock leads 29 of 30 Dow stocks higher premarketПн., 21 мая[−]

Shares of 29 of the 30 Dow Jones Industrial Average components have traded higher premarket, as optimism over a potential U.S.-China trade deal has fueled a broad-market rally. Dow futures are running up 209 points. General Electric Co.'s stock was the biggest Dow gainer, surging 2.6% after the deal to merge its transportation business with Wabtec Corp. . Among shares of other top Dow gainers, Caterpillar Inc. climbed 2.5% and Boeing Co. rsoe 1.9%. The only Dow stock not gaining ground was Nike Inc.'s , which slipped 0.1%.

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.


26. Microsoft stock gains after company acquires conversational AI companyПн., 21 мая[−]

Shares of Microsoft Corp. are up 0.8% in premarket trading Monday after the company said that it acquired Semantic Machines Inc., a company that works on "conversational AI" efforts. "Combining Semantic Machines' technology with Microsoft's own AI advances, we aim to deliver powerful, natural and more productive user experiences that will take conversational computing to a new level," Microsoft said in a release. Microsoft already does work in conversational AI with its Cortana virtual assistant and XiaoIce social chatbot. Terms of the deal weren't disclosed. Microsoft shares are up 42% over the past 12 months, while the Dow Jones Industrial Average has gained 19%.

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.


27. American Eagle's stock set to fall from 5-year high after analyst downgradeПн., 21 мая[−]

Shares of American Eagle Outfitters Inc. fell 1.6% in premarket trade Monday, to pull back from a near 5-year closing high Friday, after the apparel retailer was downgraded at SunTrust Robinson Humphrey, which cited concerns that elevated inventories and promotions could limit gross margin upside. Analyst Pamela Quintiliano cut her rating to hold from buy, and trimmed her stock price target to $21 from $22. Quintiliano is also concerned over valuation, saying the stock continues to tick higher while fundamentals haven't quite caught up. "Given the stock is trading at a premium across valuation metrics, has significantly outperformed on a [year-to-date] basis and just reached a 5-year high, we believe good news is largely priced in and prefer to step to the sidelines," Quintiliano wrote in a note to clients. The stock has soared 22.9% year to date through Friday, while the SPDR S&P Retail ETF has gained 2.9% and the S&P 500 has tacked on 1.5%.

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.


28. Baidu stock gains after company discusses divestiture of ad and tools businessПн., 21 мая[−]

Shares of Baidu Inc. are up 1.1% in premarket trading after the company said it had reached agreements pertaining to the divestiture of its ad and tools business, known as its Global DU business. "We have been able to build global adoption of DU ads and tool apps through Baidu's strong technological team. Upon this divestiture, the Global DU business will have more autonomy and agility in its operation and will receive a cash injection to further support the growth of its business," Chief Financial Officer Herman Yu said in a release. "This transaction marks another milestone for Baidu to sharpen its focus on AI-powered core businesses, on the heels of the divestiture of Baidu's financial services business." The company will have a roughly 34% stake in the business after the transaction is complete and will no longer have effective control of Global DU. Baidu shares tumbled late last week after the company said that its chief operating officer would be leaving that post. The stock is up 34% this year, compared with a 14% rise for 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.


29. Hortonworks stock rises after Monness turns bullishПн., 21 мая[−]

Shares of open-source software maker Hortonworks Inc. are up 2.7% in premarket trading Monday after Monness, Crespi, Hardt & Co. analyst Brian White upgraded the stock to buy from neutral. "Despite delivering a couple of solid quarters this year, Hortonworks' stock is actually down in 2018 and the second-worst performer in our coverage universe," White wrote. He said that the stock's performance could be reflective of a weak outlook from peer Cloudera and a strong 2017, rather than the company's own trends this year. White also said that the stock is trading at a discount to peers on the basis of enterprise value to revenue. "We believe this valuation gap can narrow as the year progresses and thus we believe Hortonworks represents an attractive value at current levels," he wrote. Shares are down 15% this year, 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.


30. Snap stock rallies after MoffettNathanson ends bearish callПн., 21 мая[−]

Shares of Snap Inc. are up 1.6% in premarket trading Monday after MoffettNathanson analyst Michael Nathanson upgraded the stock to neutral from sell. "Several factors could potentially improve Snap's situation throughout the year, including the redesign of the app redesign, completion of the shift to a programmatic advertising model, launch of the new Android app and a leaner organizational structure," wrote Nathanson, who had rated the stock at sell for the duration of Snap's time as a public company. He said that the second iteration of the redesign might help with user growth. Nathanson also thinks that the company's new chief financial officer could institute "more aggressive cost cuts" like Twitter Inc. did last year and also issue regular revenue forecasts. He raised his price target on the stock to $9 from $7. Snap shares are down 47% 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.



 
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