World Wrestling Entertainment (WWE) Gets Buy Rating

Sports streaming potential makes company a buy. Investment firm Rosenblatt started its coverage of World Wrestling Entertainment (WWE) on Wednesday, giving the sports and media firm a buy rating. The rating was based on the company’s 30 percent drop since April, as well as the possibility of the company increasing its revenue going forward thanks to streaming channels for its wrestling coverage. Other analysts also have the company listed as a buy right now, with an average rating of outperform. The initial rating came with a price target of $85, about a 28 percent increase from where shares traded on Tuesday. Shares rallied ...
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RBC Lowers Nvidia Price Target Before Earnings

Graphics processing company still gets outperform rating. Graphics processing company Nvidia (NVDA) will report earnings after the market close on Thursday—and RBC is reiterating is Outperform rating on the stock. However, it did lower its price target on the company to $190 from $200. Nvidia is expected to report $2.55 billion in revenue and $1.15 in earnings per share when it reports earnings. With shares around $155, RBC’s price target is 22.5 percent higher. The company makes processors for computers and gaming purposes, as well as other design, video editing, special effects and other applications including artificial intelligence and machine learning. The company’s ...
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Inflation Rises Faster Than Expected

Seasonal increase in gasoline and shelter fuel inflation reading. Data from the Bureau of Labor Statistics for July indicate that inflation, as measured by the Consumer Price Index, rose by 0.3 percent. This beat expectations of 0.2 percent, and was in line with the June reading, which also came in at 0.3 percent. The biggest increases came from gasoline and shelter, which rose even on a seasonally-adjusted basis. The energy space would have risen even further, were it not for a large drop in natural gas prices. The index for food prices remained unchanged, just as it had in June. A decline in ...
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Unusual Options Activity: Kraft-Heinz (KHC)

September calls bet on a rebound in shares. It’s been a tough year for Kraft-Heinz (KHC). But at least one trader is betting that the company’s post-earnings drop will see a bounce within the coming weeks. On Tuesday, over 12,600 contracts traded on a September $27.50 call option, a nine-fold surge in volume. With 37 days to go, it’s a bet that shares will rally about $1.20 from their current price of about $26.30, or about 4.6 percent. Kraft-Heinz, the branded food giant, has written off over $16 billion in value year to date, mostly reflecting that it overpaid to merge the two ...
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Insider Activity: General Electric (GE)

CEO, Director pick up over $3.5 million in shares. On Monday, August 12th, CEO Lawrence Culp of General Electric (GE) picked up over 331,680 shares, paying just under $3 million to increase his stake in the company by 54 percent. On the same day, director Thomas Horton picked up over 55,200 shares, paying nearly $500,000. These buys come after the company reported solid earnings, but warned that its commitments to Boeing created some risk as the 737 Max jets remain grounded. General Electric is an industrial conglomerate, with operations related to power such as turbines, both renewable and fossil fuels, aviation parts, as ...
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Fed Weighs New Tool to Ensure Credit

Central bank mulls change to bank capital requirements. On Monday, the Wall Street Journal reported that the Federal Reserve board is considering a tool known as a countercyclical capital buffer. Approved in 2016, the tool would allow the central bank to require large banks, typically those with more than $250 billion in assets, to increase their capital reserves when the economy shows signs of overheating. As the economy slows, that reserve would be allowed to shrink, freeing up more capital to lend out. Officials at the Fed are debating whether it’s time to use it—and how to use it. Some propose setting the ...
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AMD Shares Upgraded on Product Execution

Chipmaker’s new processor strong contender against Intel. Although trade war fears have hit the tech space, particularly the semiconductors, harder than other sectors, companies in the space are still performing well operationally—and are even getting analyst upgrades. On Monday, Cowen raised its price target on Advanced Micro Devices (AMD), where it already has an Outperform rating. Cowen raised their price target on shares to $42 from $40. The firm’s upgrade is based on AMD’s latest server processor, unveiled last week, which looks like it will give it strong competition against Intel. The company’s overall produce suite across PC, GPUs, and servers can improve ...
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Insider Activity: United Insurance Holdings Corp (UIHC)

Chief Claims Officer makes $50,000 buy. On Friday, August 9th, Scott St. John, Chief Claims Officer at United Insurance Holdings Corp (UIHC), picked up 4,258 shares of the company, a price that came out to just over $50,000. The buy more than doubled his holdings in the company to 7,712 shares. Insiders at the company have been buyers throughout August so far, including buys from three directors and the CEO. The last insider sale occurred back in March, when shares traded 25 percent higher. United Insurance Holdings Corp is a property and casualty insurance providing services for residential and commercial properties in the ...
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