Under Armour: Top Gainer in the S&P 500 on April 27
Under Armour (UAA) manufactures footwear, sports, and casual apparel. It rose on Thursday after the release of its 1Q17 earnings report.
After trading flat on Wednesday, the S&P 500 also closed flat on April 27 amid a string of first quarter corporate earnings.
Priceline is currently trading at $1,804.00. Its 52-week high is $1,807.78, and its 52-week low is $1,148.06.
Morgan Stanley expects a target price of $165 for Facebook (FB) and is overweighting the stock.
GrubHub (GRUB) is currently trading at $35.00. Its 52-week high is $44.58, and its 52-week low is $21.41.
Morgan Stanley (MS) expects a target price of $1,000 for Google and rates the stock as “overweight.”
Morgan Stanley (MS) recommends four Internet stocks—Alphabet (GOOGL), Facebook (FB), Priceline (PCLN), and GrubHub (GRUB)—that it believes could outperform for the rest of the year.
Fidelity’s Jurrien Timmer said in a recent interview that he is bullish on Europe (VGK) (IEV).
In a recent interview with CNBC, Fidelity’s Jurrien Timmer shared his views on equity markets, corporate earnings, and Europe (VGK) (IEV).
When asked in a recent interview his thoughts about the short-term and medium-term investment story, Jurrien Timmer said that the main issue for the market other than geopolitical risks is its valuation.
Despite its stable earnings report, Seagate Technology’s stock price opened lower on April 26 and fell to the lowest levels in three months.
After gaining for two consecutive trading days, the S&P 500 rose higher on Wednesday. However, it pulled back and closed almost flat.
After rising on Monday, the S&P 500 continued to trade higher on April 25. Nine out of 11 major sectors of the S&P 500 gained on April 25.
Blackstone’s distributable earnings stood at $1.2 billion for 1Q17, or $1.02 per share, representing a rise of 212% from 1Q16.
Analysts have given Blackstone a mean price target of $34.88, implying a 15.2% rise from its current level.
Blackstone Group’s (BX) stock has risen 2.4% over the past three months on its stable performance in recent months.
In 1Q17, Blackstone’s Credit division grew to $228.7 million, as compared to $109.7 million in 1Q16.
In 1Q17, Blackstone saw an 80% rise YoY (year-over-year) in its total revenues, reaching $211.1 million, as compared to $117.4 million in 1Q16.
Blackstone has been generating strong profits through its Private Equity division, as we’ve now seen reflected in its better-than-index performance in 1Q17.
Blackstone’s Real Estate division has been one of the strongest performers in the industry, reporting a 72% rise in total revenues to $785.6 million in 1Q17.