Upgrade for Apple Provides Tech Stocks With Added Boost

Upgrade for Apple Provides Tech Stocks With Added Boost

Technology stocks continued to build on modest gains this afternoon, aided by an outsized gain for Apple (AAPL) today following an upgrade for the tech giant to Overweight from Sector Weight at Pacific Crest, which also set a $187 price target for the stock. Overall, shares of tech companies in the S&P 500 climbed slightly more than 0.1%. In company news, AudioCodes (AUDC) rose to its best share price in […]

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Health Care Stocks Extending Day-Long Decline

Health Care Stocks Extending Day-Long Decline

Health care stocks missed out on the late-day bounce for most sectors today, with the NYSE Health Care Index falling almost 0.3% while shares of health care companies in the S&P 500 were down nearly 0.5% as a group. In company news, Aimmune Therapeutics (AIMT) climbed to less than 1% of its 52-week high of $27.10 a share on Monday, rising % to $27.10, after the biotech company today announced […]

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STMicroelectronics Partners with Alibaba Cloud to Provide Chinese Cloud-to-Node IoT Platform

STMicroelectronics Partners with Alibaba Cloud to Provide Chinese Cloud-to-Node IoT Platform

STMicroelectronics N.V (STM) said Friday that it has partnered with Alibaba Cloud, the cloud computing arm and business unit of Alibaba Group (BABA) to provide a complete cloud-to-node Internet of Things (IoT) solution to the market. The cooperation will allow any designer to easily create IoT nodes and gateways using STMicroelectronics’key semiconductor building blocks for the IoT, run Alibaba’s IoT operating system AliOS on the node, and seamlessly connect with […]

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GKN Shares Slump on ‘Disappointing’ Trade in North American Aerospace Business in Third Quarter

GKN Shares Slump on ‘Disappointing’ Trade in North American Aerospace Business in Third Quarter

Shares in British engineering company GKN (GKN.L) were sharply lower on Friday morning after the company reported that its group trading margin in the third quarter was lower than one year earlier as trade disappointed at its aerospace division. The Redditch-headquartered company, which serves the aerospace and automotive markets and has more than 58,000 employees, said that overall in the third quarter, the group had achieved good organic sales growth, […]

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Spartan Motors Shares Hit 10-Yr High; Targets $1 Bln in Sales by 2020

Spartan Motors Shares Hit 10-Yr High; Targets $1 Bln in Sales by 2020

Spartan Motors (SPAR) shares rose to their highest level in ten years on Thursday after the maker of specialty chassis and vehicles said that in the long term it is aiming to become the no. 1 or no. 2 player in each market it serves and by 2020 it’s targeting $1 billion in sales. This would represent 12% compound annual growth rate from $506.8 million in 2014. SPAR was up […]

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