In this morning’s edition of our daily market newsletter, Get Real, we looked at change for Trump in 2020, PG&E’s growing uncertainty, Citigroup’s bullishness on Apple, and much more.
Employment data and Trump in 2020
President Trump’s reelection chances could get a boost after the unemployment rate fell last week. Trade war talks might get delayed due to stronger US job growth and more demands from President Trump.
Walt Disney’s dividend boost
Disney (DIS) will pay a higher dividend to shareholders next month despite its profit falling YoY (year-over-year). Disney+’s spectacular entry into the streaming world could also benefit shareholders.
PG&E’s growing uncertainty
Was HP wrong to reject Xerox?
HP (HPQ) has turned down Xerox’s (XRX) takeover offer twice. Carl Icahn wrote an open letter to shareholders to advocate for the deal. Both companies are struggling with paper demand’s decline and digitization, so consolidation might help them.
Earnings recap: Cloudera, DocuSign, and Zoom
What to watch for
Morgan Stanley on Tesla
Morgan Stanley analyst Adam Jonas raised his target price on Tesla (TSLA). He thinks that the stock could rise more than 50% soon. However, Morgan Stanley isn’t bullish about Tesla for the long term.
Citigroup turns bullish on Apple
Last week, Citigroup analyst Jim Suva raised his target price on Apple (AAPL). He expects a strong holiday season. Wall Street also expects a robust holiday season from Apple due to AirPods’ popularity and the new iPhone lineup.
Alphabet’s new alpha
Google (GOOGL) announced a structural change in its management. CEO Sundar Pichai will spearhead Alphabet. The stock has been steady since the announcement, but can Pichai steer the company away from its recent issues?
Cannabis industry linked to job loss
More states are pushing to legalize medical or recreational cannabis. However, cannabis companies and retailers have been cutting down their workforce and contributing to job losses.