Hillary Clinton’s presidential campaign could swerve left on broadband issues as primary rival Bernie Sanders and liberal favorite Elizabeth Warren step up pressure on Comcast (CMCSA) and other cable TV companies, says Guggenheim Partners. Sanders, a socialist Vermont senator, has gained in the polls vs. Clinton. Warren, a liberal Massachusetts senator, has catered to the left on consumer protection issues. Clinton, meanwhile, staked out the
Ahead of the release of their quarterly earnings reports Tuesday, tech giantsApple (AAPL) and Microsoft (MSFT) are looking to retake a key level in the stock market today. UBS on Thursday reiterated its buy rating and 150 price target on Apple. The analyst noted a Consumer Intelligence Research Partners survey that said during the June quarter, the iPhone 6’s contribution to product mix increased while Google (GOOGL) Android conversions remained
Netflix (NFLX) stock zoomed to a record high Thursday, a day after the Internet television service reported better-than-expected Q2 subscriber growth and earnings. Netflix stock was up 16%, above 114, in afternoon trading on the stock market today. It peaked intraday at 114.72, eclipsing its previous record high of 102.34 set on Monday. A flurry of Wall Street analysts raised their price targets on Netflix stock after the earnings release. “While we believe recent appreciation has hurt the risk/reward around the shares, the company’s dominant position and pending global launch warrant it being a core holding,” Pacific Crest Securities analyst Andy Hargreaves said in research report. Hargreaves reiterated his overweight rating on the stock and upped his price target to 122 from 95. For the June quarter, Netflix earned 6 cents a share, down from 16 cents a year earlier but ahead of Wall Street’s 4-cent…