Momentum Stocks

Pandora Media’s Strong Financials Means Upgrade at Barrington

Pandora Media’s Strong Financials Means Upgrade at Barrington

Pandora Media’s (P) revenue and earnings beat earned it an upgrade at Barrington Research as ad-monetization trends continue to be “robust.” The company last week reported second-quarter revenue of $384.8 million, up from $376.8 million a year earlier and ahead of consensus from Capital IQ for $373.5 million. Non-GAAP loss was $0.15 a share, narrower than the year-ago loss of […]

Neovasc Soars 17% as Data Showed Neovasc Reducer ‘Very Safe’ in Significantly Lowering Angina Severity

Neovasc Soars 17% as Data Showed Neovasc Reducer ‘Very Safe’ in Significantly Lowering Angina Severity

Shares of Neovasc (NVCN), a developer of minimally invasive transcatheter mitral valve replacement technologies, surged 17% intraday after the company said Monday results from a study undertaken to assess the safety and effectiveness of the Neovasc Reducer showed that the treatment was “very safe and significantly reduced the severity of angina.” In the published study, the safety and effectiveness of […]

ETFs Edge Higher, Futures Inch Lower as Trade Tensions Persist

ETFs Edge Higher, Futures Inch Lower as Trade Tensions Persist

US stock futures were pointing to modest losses ahead of the open as trade tensions continue to weigh on market sentiment following last week’s developments between the U.S. and China. China said it will imposed tariffs on $60 billion of U.S. products as a response to an earlier announcement by the U.S. of an additional 25% tariffs on $200 billion […]

Wolverine World Wide’s Price Target From Wedbush Boosted to $41 From $37

Wolverine World Wide’s Price Target From Wedbush Boosted to $41 From $37

Wolverine World Wide (WWW) received a boost to its price target Monday from Wedbush ahead of the footwear-and-apparel company’s Q2 report expected Wednesday. Wedbush’s new price target on the stock is $41 per share, up from $37. This moves the price target further above the stock’s Friday closing price of $35.91 as Wedbush kept its investment rating on the shares […]