Pure Storage Inc (NYSE:PSTG) (The Motley Fool)
Shares of enterprise data storage platform Pure Storage (NYSE:PSTG) jumped on Wednesday, rising as much as 11.1%. The stock is up 10.8% at the time of this writing. The jump follows a price target increase from Barclays analyst Mark Moskowitz (via The Fly). Moskowitz upgraded his rating from equal weight to overweight, or a rating that indicates an analyst believes the stock has a better-than-average chance of outperforming market indexes.
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Lam Research Corporation (NASDAQ:LRCX) (CNA Finance)
Lam Research Corporation (NASDAQ: LRCX) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company was the center of a key analyst upgrade. Today, we’ll talk about the upgrade, what we’re seeing from the stock, and what we’ll be watching for with regard to LRCX ahead. As mentioned above, Lam Research is having an overwhelmingly positive day in the market after being the center of a key upgrade. Yesterday, Susquehanna International upgraded the stock.
Ford Motor Company (NYSE:F) (Money.USNews.com)
Wednesday marks the 62nd anniversary of the Ford Motor Co (NYSE: F) initial public offering in 1956, but investors are in no mood to celebrate after the company released disappointing guidance after the market closed Tuesday. Ford stock traded more than 6 percent lower Wednesday after Ford’s full-year 2017 and 2018 earnings guidance fell short of Wall Street expectations. Ford said it expects to report 2017 adjusted earnings per share of $1.78 and 2018 EPS of $1.45 to $1.70. Analysts were expecting 2017 EPS of $1.83 and 2018 EPS of $1.62.
DENTSPLY SIRONA Inc (NASDAQ:XRAY) (Nasdaq.com)
YORK, Pa., Jan. 17, 2018 (GLOBE NEWSWIRE) — DENTSPLY SIRONA Inc. (“Dentsply Sirona”) (NASDAQ:XRAY), The Dental Solutions Company™, today announced that its Board of Directors has appointed Donald M. Casey Jr. as Chief Executive Officer and as a member of the Company’s Board of Directors, effective February 12, 2018. Mr. Casey succeeds Mark A. Thierer, who served as Interim Chief Executive Officer since September 28, 2017. Mr. Thierer will continue to serve as Interim Chief Executive Officer through February 11, 2018 and will work closely with Mr. Casey to ensure a seamless transition.
Qualcomm, Inc. (NASDAQ:QCOM) (InvestorPlace)
The stock market is again moving broadly higher after a long weekend, but one of the biggest winners after the extended break is chip-maker Qualcomm, Inc. (NASDAQ:QCOM). Qualcomm stock is up nearly 4% after a big upgrade from research firm Nomura. Analysts at Nomura believe the takeover attempt from Broadcom Ltd (NASDAQ:AVGO), which has shot shares materially higher recently, is “a gun to the head” for Qualcomm management
Juno Therapeutics Inc (NASDAQ:JUNO) (The Motley Fool)
Shares of Juno Therapeutics (NASDAQ:JUNO), a clinical-stage adoptive cell therapy company, rose by 55.4% in premarket trading Wednesday. Driving the monstrous surge was the news that its development partner, Celgene Corp. (NASDAQ:CELG), is reportedly preparing a buyout offer. While Celgene’s shares were down by 1.8% before the opening bell on the back of the buyout rumor, it’s having a positive impact on the stock prices of other adoptive cell therapy companies.
Neurometrix Inc (NASDAQ:NURO) (Benzinga)
Neurometrix Inc (NASDAQ:NURO) climbed 37.2 percent to $2.36. NeuroMetrix and GlaxoSmithKline Consumer Healthcare reported a strategic collaboration for the development and expansion of access to Quell Wearable Pain Relief Technology.
General Electric Company (NYSE:GE) (MorningStar.com)
General Electric Co.(GE) slumped 4.4%, building on a steep loss seen in Tuesday’s session that came after the industrial conglomerate announced a fourth quarter after-tax charge of $6.2 billion (http://www.marketwatch.com/story/ge-shocks-market-with-multibillion-dollar-loss-in-legacy-reinsurance-business-2018-01-16) and a $3 billion cash capital contribution to its insurance subsidiary that will grow to $15 billion by 2024.
A10 Networks Inc (NYSE:ATEN) (Benzinga)
A10 Networks Inc (NYSE:ATEN) shares dropped 16.8 percent to $6.08 after the company narrowed fourth quarter sales outlook from 1 cents-7 cents to 5 cents-6 cents.
