Author Archives: Scalper1

Best Buy faces ‘deteriorating sales trends,’ gets downgrade

Investment bank RBC Capital Markets on Monday turned Best Buy (BBY) into a “best sell” as it cut its rating on the stock to sector perform from outperform and lowered its price target to 36 from 42. Best Buy shares were down over 1% to below 32 in midday trading on the stock market today. “We have become increasingly concerned over what appear to be deteriorating sales trends in the consumer electronics channel,” RBC analyst Scot Ciccarelli said

Tesla Chipmaker Nvidia Scores Gaming Wins: Analyst

Tesla (TSLA) chipmaker Nvidia (NVDA) scored PC gaming wins in 2015, with U.S. gamers shifting from Sony (SNE), Microsoft (MSFT) and Nintendo console systems to more online games, and took share from rival Advanced Micro Devices (AMD), an analyst wrote Monday in a research report. In afternoon trading in the stock market today, Nvidia stock was up 1%, near 30, after Canaccord analyst Matthew Ramsay hiked his price target to 35 from 30 and upgraded

Expedia, Priceline Down After Terrorists Attack Paris

Expedia (EXPE), Priceline (PCLN) and other travel stocks were down in afternoon trading today in the wake of the terrorist attacks in Paris on Friday. “There’s always an immediate kind of knee-jerk reaction in the market,” said Douglas Quinby, an analyst at travel market research company Phocuswright. “This is a short-term blip. A lot of these things you have to look long-term and strategically about these things. These are short-term blips, and