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Zacks News
Stock Market News for June 29, 2017
by Zacks Equity Research
Gain in financials and technology shares on Wednesday pushed the benchmarks higher
Staples to go Private After $6.9 Billion Buyout By Sycamore
by Zacks Equity Research
Putting an end to all speculation, Staples, Inc. (SPLS) has officially announced that Sycamore Partners, a private equity firm, will acquire its business.
Alibaba Expands Lazada Stake, Boosts Southeast Asia Presence
by Zacks Equity Research
Alibaba Group Holding Ltd. (BABA) has agreed to pay an additional $1 billion to increase its stake in e-commerce firm, Lazada.
Dolby, Netflix Tie Up to Deliver Better Streaming Experience
by Zacks Equity Research
Dolby Laboratories, Inc. (DLB) recently announced that it has collaborated with U.S.-based streaming service provider, Netflix, Inc. (NFLX), to deliver combined Dolby Atmos and Dolby Vision streaming experience to consumers.
Here's What Top Tech CEOs Are Saying About Artificial Intelligence
by Ryan McQueeney
Curious about the state of artificial intelligence? Check out what Jeff Bezos, Elon Musk, and Sundar Pichai have to say about it!
Will Amazon (AMZN) Stock Rally Ahead of Prime Day?
by Madeleine Johnson
While President Donald Trump has chosen it as his latest Twitter (TWTR) victim, e-commerce giant Amazon (AMZN) is gearing up for its third annual Prime Day, the company's blockbuster online summer sale that honors the anniversary of its founding on July 16, 1995.
Target Launches New Delivery Service, But Is It Too Late?
by Megan Sanks
Target Corporation (TGT) launched Target Restock, a next-day delivery service in Minnesota on Tuesday after testing the concept with employees for a few months.
Aramark or B&G Foods: Which Stock is More Enticing Now?
by Zacks Equity Research
Let's try to ascertain which of these two key food players, Aramark (ARMK) and B&G Foods, Inc. (BGS), presently make for a better investment option.
Alphabet's Google to Pay a Heavy Price for Misusing Search
by Zacks Equity Research
The European Commission has declared a $2.7 billion (2.42 billion euro) fine on Alphabet's (GOOGL) Google
Blue Apron Slashes IPO Price Range, Amazon to Blame?
by Madeleine Johnson
On Wednesday, meal-kit delivery service company Blue Apron has considerably slashed its IPO price range, and now estimates its public offering between $10 to $11 a share, down from the $15 to $17 a share the company originally expected.
Nutanix (NTNX) Stock Soars on Cloud Partnership With Google
by Ryan McQueeney
Shares of Nutanix (NTNX) soared more than 7% in pre-market trading Wednesday after Google parent Alphabet Inc. (GOOGL) announced a partnership with the cloud computing company.
Microsoft and Box Come Together for Cloud Content Management
by Zacks Equity Research
Microsoft Corp. (MSFT) recently announced an extended partnership with Box.
Facebook Partners FOX Sports to Stream UEFA Champions League
by Zacks Equity Research
Facebook, Inc. (FB) has partnered with FOX Sports, owned by Twenty-First Century Fox, Inc., (FOXA) to live-stream UEFA Champions League soccer matches during the 2017-18 season beginning in September in the U.S.
Stock Market News for June 28, 2017
by Zacks Equity Research
Benchmarks finished in negative territory on Tuesday, dragged down by healthcare and technology shares
The Zacks Analyst Blog Highlights: Amazon.com, Whole Foods Market, Aramark, Unilever and Service
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Amazon.com, Whole Foods Market, Aramark, Unilever and Service
Costco Down 10% in One Month but All's Well with the Stock
by Zacks Equity Research
What suddenly went wrong with Costco (COST), which otherwise looks quite sound fundamentally.
Amazon (AMZN) to Create 1,600 Jobs in Michigan Facility
by Zacks Equity Research
Amazon.com Inc. (AMZN), world's largest online retailer, has announced plans of opening a new facility in Romulus, Michigan.
Pandora's (P) CEO Steps Down as Troubles Continue Unabated
by Zacks Equity Research
Pandora Media Inc's (P) CEO, Tim Westergren, has stepped down from his role and will no longer serve as a board member. CFO Naveen Chopra will serve as the CEO in the interim.
Top Stock Reports for Comcast, Honeywell & General Motors
by Brian Hamilton
Today's Research Daily features new research reports on 16 major stocks, including Comcast (CMCSA), Honeywell (HON), and General Motors (GM).
Here's Why Alibaba Group (BABA) Is Still A Strong Buy Stock
by Ryan McQueeney
Shares of Chinese e-commerce giant Alibaba (BABA) moved nearly 0.85% lower on Tuesday, underscoring the rough day for tech stocks across the board. Nevertheless, this Zacks Rank #1 (Strong Buy) stock is still a solid pick in this strong sector.
3 Tech Stocks With Surprisingly Low P/E Ratios
by Ryan McQueeney
There's been no shortage of analysis on the incredible run that tech stocks have had this year, and despite a few volatile patches recently, the sector is dominating Wall Street in 2017. However, tech companies aren't known for their impressive P/E ratios. Here's three that defy that trend.
Google Shares Slip After Being Fined $2.7 Billion in EU Antitrust Ruling
by Madeleine Johnson
On Tuesday, shares of Google parent Alphabet Inc. (GOOGL) are slipping, down about 1.2% in morning trading to $960.28 per share after the company was hit with a record antitrust fine of $2.7 billion (or about ???2.4 billion) by European Union regulators.
Consumer Staple Stocks to Buy Amid Food Industry Concerns
by Zacks Equity Research
With the help of our new style score system, we have identified three consumer staples stocks that have excellent prospects and are good bets in this uncertain market.
Stock Market News for June 27, 2017
by Zacks Equity Research
Gain in utilities and telecom stocks led the Dow and the S&P 500 to finish in the green on Monday
Rite Aid & Fred's Surge on Rumors of Possible Nod for Merger
by Zacks Equity Research
The stocks zoomed on speculations that the long-delayed merger between Rite Aid Corporation (RAD) and Walgreens Boots Alliance Inc. (WBA) could finally see the light of day.