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NASDAQ

The Ratings Game: ServiceNow leads S&P 500 gainers as outlook inspires confidence in IT spending NASDAQ

The Ratings Game: ServiceNow leads S&P 500 gainers as outlook inspires confidence in IT spending

ServiceNow Inc.’s shares surged Thursday after the cloud-based enterprise software company’s results and outlook breathed new confidence into an IT market some had feared was weakening, prompting most of the analysts covering the stock to hike target prices. ServiceNow NOW, +1.81%  shares rallied after the cloud-software company topped Wall Street…
bubmag
January 30, 2020
Key Words: Coronavirus shock could deliver double-digit hit to stock market, investor warns NASDAQ

Key Words: Coronavirus shock could deliver double-digit hit to stock market, investor warns

And by “shake the markets a bit”, Jeffrey Mills of Bryn Mawr Trust means a potential double-digit percentage drop in stocks. “A 5% to 10% drawdown would bring us right around the upward sloping 200-day moving average around 3,000,” he told CNBC in an interview this week. “In that case,…
bubmag
January 29, 2020
IPO Report: IPO market braces for first billion-dollar deals of 2020—and Casper seems to be getting the message NASDAQ

IPO Report: IPO market braces for first billion-dollar deals of 2020—and Casper seems to be getting the message

The initial public offering market is expected to crank into gear in the next two weeks, with at least two billion-dollar deals on the slate, including a well-known consumer name that may be viewed as a safe bet in a nervous market. Reynolds Consumer REYN, +1.45%, the maker of Reynolds…
bubmag
January 27, 2020