Tuesday, June 7, 2016

Jefferies says buy Walmart; HSBC announces reshuffle; Whole Foods shares rise


Yahoo Finance API Tutorial - 1 - How to get a stock"s data using Yahoo"s Finance API

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Walmart (WMT) - Jefferies is bullish on Walmart. The investment firm upgraded the retailer"s stock to buy from hold and raised its price target to $82 from $60. Jefferies noted Walmarts store investments are yielding broadly improved store conditions, proven by stronger first-quarter sales results.

Whole Foods (WFM) The grocery chain is on investors radars after being profiled favorably in Barron"s over the weekend. The report said new buyers could see a return of as much as 20% over the next year.

HSBC (HSBC) The bank is planning to restructure its global banking division to cut costs and make the business more "agile," according to a Reuters report. The reorganization is part of its plans cut about 20% of its workforce and shrink its investment bank by a third.

Harley Davidson (HOG) Goldman Sachs (GS) downgraded Harley-Davidson to neutral from buy, warning of a recent slowdown in sales. Goldmans current price target on the stock is $50.

Alibaba (BABA) Nestle (NSRGY) is teaming up with the Chinese e-commerce giant to sell locally produced products on its platform in a six-month campaign.

Source: http://finance.yahoo.com/news/jefferies-says-buy-walmart--hsbc-announces-reshuffle--whole-foods-shares-rise-151121825.html

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