A new study suggests that diet can help mental health.
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Shares of Netflix Inc. surged 1.4% in morning trading Thursday, after Goldman Sachs analyst Heath Terry reiterated his bullish stance ahead of the streaming video giant's third-quarter results due out next week, but slashed his price target to below the Wall Street average. While Terry expects Netflix to report results "roughly in-line" with guidance of 7 million net subscriber additions, he said data showing that app downloads have been declining suggest a "modest risk" to the downside. He reiterated the buy rating he's had on the stock for at least the past three years, but cut his price target to $360 from $420, citing reduced earnings expectations and valuation contraction among internet names. The average target of the 40 analysts surveyed by FactSet is $384.97. Terry cut his 2019 EPS estimate to $3.17 from $3.24. He remains bullish, he said, because he believes the impact of a strong fourth-quarter content slate and a more stable pricing environment will boost fourth-quarter subscriber growth above current Street expectations. Separately, UBS analyst Eric Sheridan maintained his buy rating but cut his price target to $370 from $420. The stock has tumbled 28.8% over the past three months, amid concerns over intensifying competition, while the S&P 500 has slipped 2.3%.
Kroger Co. [: kr] was downgraded to hold from buy at Jefferies, with analysts expressing diminished confidence in the grocer's ability to turn its partnership with Ocado Group PLC into growth. In May 2018, the two companies announced that Kroger had taken a 5% stake in Ocado through a $247 million stock purchase. The technology deal includes automated warehouses and other measures. Jefferies analysts say the tie-up has been "costly" and "risky," that pricing versus Kroger's grocery competitor Walmart Inc. hasn't improved, and there are no drivers for same-store progress in fiscal 2020. Jefferies said the deal "is a poor and significant long-term capital allocation misstep when compared to micro-fulfillment." Jefferies lowered its price target to $26 from $29. "Chances of a meaningful resurgence in same-store sales are slim given management's inability to effectively articulate a sound strategy to revive its core biz and our belief that superior retailers like Walmart will continue to realize outsized share gains," the note said. Kroger stock is down 1.8% in Thursday premarket trading, and down 10.8% for the year to date. The S&P 500 index has gained 16.5% for 2019 so far.
Delta Air Lines Inc. is hiring to avoid a repeat of the squeeze that affected its operations during the summer, adding to investor concern about rising carrier costs. Chief Executive Ed Bastian said Delta wanted to keep market share gains that were added during a peak season when flights were fuller than ever, intensified by the grounding of rivals' Boeing Co.
United States Steel Corp. shares rose 4.6% in premarket trade Thursday, after the company issued guidance for the third quarter that was less bad than feared. The company said it expects it let loss to range from $94 million to $84 million, or 55 cents a share to 49 cents a share. The company expects its adjusted loss per share to range from 26 cents to 20 cents, narrower than the 28 cent loss consensus of FactSet analysts. "Stronger shipments and better than expected manufacturing performance in our Flat-rolled segment, as well as a contingency gain from recovered claims arising out of the bankruptcy of a supplier drove better than expected results," the company said in a statement. The company is expecting third-quarter sales of $3.040 billion to $3.075 billion, ahead of the $3.020 billion FactSet consensus. Shares have fallen 45% in 2019, while the S&P 500 has gained 16%.
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Discount retailer Five Below Inc. led a $12 million round of funding in e-sports infrastructure company Nerd Street Gamers. Together, the companie...
Now the only thing I feel comfortable predicting with confidence is that my future will end up differently than I would have predicted, writes Chris Mamula.
There are many factors to consider, but the rate of return can make or break your predictions
Moms in the U.S. who work full-time spend more hours on domestic chores than working dads.
| 30 yr fixed Jumbo | 4.00% |
| 30 yr fixed | 3.69% |
| 15 yr fixed | 3.10% |
| 10 yr fixed | 3.09% |
| 30 yr fixed refi | 3.70% |
| 15 yr fixed refi | 3.11% |
| 5/1 ARM | 3.82% |
| 5/1 ARM refi | 3.88% |
| $30K HELOC | 1.99% |
| $50K HELOC | 5.00% |
| $75K HELOC | 1.99% |
| $100K HELOC | 5.00% |
| $30K Home Equity Loan | 5.24% |
| $50K Home Equity Loan | 3.74% |
| $75K Home Equity Loan | 3.74% |
| $100K Home Equity Loan | 4.12% |
| 5 yr CD | 1.49% |
| 2 yr CD | 1.22% |
| 1 yr CD | 1.28% |
| MMA $10K+ | 0.49% |
| MMA $50K+ | 0.82% |
| MMA Savings | 0.69% |
| MMA Savings Jumbo | 0.83% |
| 60 Mo Used Car | 4.55% |
| 48 Mo Used Car | 5.04% |
| 36 Mo Used Car | 5.09% |
| 72 Mo New Car | 4.22% |
| 60 Mo New Car | 4.75% |
| 48 Mo New Car | 4.65% |
| 60 Mo Auto Refi | 4.50% |
| 36 Mo Auto Refi | 4.25% |
Quentin Fottrell answers your questions about inheritance, tipping, weddings, re-gifting, or any tricky money issues relating to family and friends. Have a question? Send it to the Moneyist.
The analysis was carried out by Glassdoor based across major metro areas.
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