Union Pacific Stock Vulnerable To Downside Risk After An 80% Rally

Union Pacific stock (NYSE: UNP) is up 12% since the start of the year and it has gained around 78% from its March lows. Union Pacific faces downside risk as the company’s revenues in the last three quarters have declined by 13%. The ongoing Covid-19 crisis and the economic uncertainty has hit the company’s transportation business. This is likely to impact the revenue growth rate of the company – leading to a drop in the stock price.

Following a large 78% rise since the March 23 lows of this year, at the current price near $203 per share, we believe UNP stock has reached its near term potential. UNP stock has rallied from $114 to

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UPDATE 1-Nasdaq, New Zealand promise action after Asian stock market outages

(Recasts to add details about NZX, Tokyo stock exchange outages; analyst comment)

Dec 4 (Reuters) – Nasdaq Inc on Friday apologised for an Australian stock exchange outage last month, while the operator of New Zealand’s exchange laid out steps it would take after the completion of two independent reviews into security and system issues.

The follow-up to two of a series of global stock market halts related to technology or cybersecurity this year come after the resignation of the head of the Tokyo Stock Exchange (TSE) earlier this week over a system failure.

The disruption in Tokyo halted trade in October for an unprecedented full day on the world’s third-largest equities platform.

NZX Ltd was overwhelmed by trading volumes in March and April’s coronavirus-driven sell-off, as well as a week of cyber attacks in August.

In Australia, the central bank and corporate regulator had expressed concerns over bourse operator ASX

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PS5 Restock Updates: Check PS5 Stock At GameStop, Walmart, Best Buy, Target, And Amazon

Update: A Walmart Canada PS5 restock is in progress after it kicked off at 8 AM PT / 11 AM ET–as of 11:15 AM ET the site is currently experiencing a high amount of traffic and not loading right away.


Despite recent PS5 restocks at stores like Walmart and GameStop, including ones on Black Friday and Cyber Monday, it’s been frustratingly difficult to find a PS5 or PS5 Digital available to buy directly from a major retailer for many months now. Now that we’re officially in December and Christmas is just weeks away, it makes sense to wonder when stores like Walmart, GameStop, Target, and Best Buy will have more PS5 units available for shoppers. A tweet from Sony confirmed that “more inventory will be coming to retailers before the end of the year,” but that doesn’t make the scramble to get your hands on a PS5 console any

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Stock futures mostly flat as Wall Street awaits news on stimulus, vaccines

U.S. stock futures held steady on Wednesday evening as investors awaited news on stimulus negotiations and the vaccine approval process.

Futures contracts tied to the Dow Jones Industrial Average and the S&P 500 ticked down 0.1%, while those for the Nasdaq 100 gained 0.1%.

The move in futures comes after a relatively quiet day on Wall Street as investors monitored developments in Washington about a possible stimulus bill. During Wednesday’s session, the Dow and S&P 500 gained 0.2%, while the Nasdaq Composite slipped 0.1%. The slight move higher for the S&P 500 resulted in a new record high.

On Capitol Hill, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer issued a joint statement calling on Republicans to work with them on another round of Covid relief funding, using a bipartisan proposal from Senate moderates as a starting point.

Senate Majority Leader Mitch McConnell rejected the $908 billion proposal

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New questions: What did David Perdue know about COVID technology before big stock buyback?

Earlier this year, embattled Sen. David Perdue of Georgia, one of two multimillionaire Republicans facing tight runoff elections that could decide control of the Senate, sold $1 million worth of stock in Cardlytics, a financial firm where he once sat on the board. What makes this stock sale especially interesting is that six weeks later, an executive shake-up at Cardlytics that sent the stock tumbling. After the share price hit its low point in March, Perdue bought back up to $500,000 worth of stock, which has since quadrupled in value.

The trades drew federal scrutiny, but Perdue argued that he did not personally direct any of his transactions. The New York Times reported last week, however, that Department of Justice investigators have found that Perdue had instructed his Goldman Sachs wealth manager to make the sale two days after receiving a personal email from the Cardlytics CEO that advised of

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What did David Perdue know about COVID technology before big stock buyback?



David Perdue wearing a suit and tie


© Provided by Salon
David Perdue

U.S. Sen. David Purdue (R-GA) speaks to the crowd of supporters during a “Defend the Majority” rally at the Georgia National Fairgrounds and Agriculture Center on November 19, 2020 in Perry, Georgia. Jessica McGowan/Getty Images

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Earlier this year, embattled Sen. David Perdue of Georgia, one of two multimillionaire Republicans facing tight runoff elections that could decide control of the Senate, sold $1 million worth of stock in Cardlytics, a financial firm where he once sat on the board. What makes this stock sale especially interesting is that six weeks later, an executive shake-up at Cardlytics that sent the stock tumbling. After the share price hit its low point in March, Perdue bought back up to $500,000 worth of stock, which has since quadrupled in value.

The trades drew federal scrutiny, but Perdue argued that he did not personally direct any of his

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Big Tech’s stock market reign may finally be about to end

Who says investing is hard?



a person standing in front of a store: In this photo provided by the New York Stock Exchange, trader Ashley Lara uses her handheld device as she works on the trading floor, Tuesday, Dec. 1, 2020. U.S. stocks rose broadly in morning trading Tuesday, sending the S&P 500 toward another record high, as investors focus on the possibility that coronavirus vaccines could soon help usher in a fuller global economic recovery. (Colin Ziemer/New York Stock Exchange via AP)


© Colin Ziemer/New York Stock Exchange/AP
In this photo provided by the New York Stock Exchange, trader Ashley Lara uses her handheld device as she works on the trading floor, Tuesday, Dec. 1, 2020. U.S. stocks rose broadly in morning trading Tuesday, sending the S&P 500 toward another record high, as investors focus on the possibility that coronavirus vaccines could soon help usher in a fuller global economic recovery. (Colin Ziemer/New York Stock Exchange via AP)

All you needed to do for the past few years to enjoy solid gains in the stock market was buy an S&P 500 or Nasdaq 100 index fund. That provided exposure to market darlings like the FAANG quintet of Facebook, Amazon, Apple, Netflix and Google owner Alphabet as well as Microsoft.

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The Big Tech stocks have boomed thanks to strong gains in revenue, market share and earnings

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Why Micron Technology Stock Can Break Higher From 20-Year Highs

Shares of Micron Technology (NASDAQ: MU) have shot up to 20-year highs this fall thanks to a couple of price target upgrades by Wall Street analysts, who predict that the memory specialist has more upside to offer on the back of higher demand from data centers and 5G smartphones.

Deutsche Bank and Mizuho Securities have raised their per-share price targets to $70, indicating an upside of around 10% from Micron’s current stock price. But it wouldn’t be surprising to see the memory specialist break higher and surpass Wall Street’s expectations. Let’s see why.

MU Chart

MU data by YCharts

A favorable DRAM environment will be a tailwind for Micron

Micron Technology gets most of its revenue from the compute and networking business unit (CNBU). This segment supplied nearly 43% of Micron’s total revenue in the previous fiscal year, but its performance wasn’t good enough, as revenue fell nearly 8% over the

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Here’s Why Micron Technology Stock Jumped Today

What happened

Shares of Micron Technology (NASDAQ:MU) were trading 6.2% higher by 11:50 a.m. EST, boosted by a fresh set of guidance targets for the first quarter of fiscal year 2021. The memory chip giant’s stock had risen as much as 7.1% in earlier trading.

So what

The midpoint of Micron’s revenue guidance was boosted from $5.2 billion to $5.73 billion. Gross margins are turning out to be wider than expected. Micron’s adjusted first-quarter earnings are now seen landing near $0.71 per share, up from $0.47 per share. Analyst estimates were roughly in line with Micron’s guidance midpoints.

The new guidance figures work out to a 48% year-over-year earnings boost and revenue growth of approximately 12%.

A large number of arrows pointing upward, rendered on top of a circuit board in shades of blue.

Image source: Getty Images.

Now what

Micron’s surprisingly strong results rested mostly on huge demand from data center customers. This way, Micron taps into the rising demand for cloud-based services amid the ongoing COVID-19

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Stock picks to buy: 31 global stocks set to become engines of growth

  • HSBC asked its global analysts to examine four themes linked to digital disruption, which are connectivity, automation, experiential, and digital health.
  • The analysts outlined the opportunities corresponding to each of the four central areas of growth and highlighted 31 global stocks most suited to play the themes. 
  • Visit Business Insider’s homepage for more stories.

“Disruptive innovation” may sound like a pair of overused Wall Street buzzwords these days, but that’s only because of how quickly and overwhelmingly digital innovations have disrupted every aspect of life and become the new normal in 2020. 

“We can see this in the way people are behaving as employees (working from home), as students (online education), as consumers (e-commerce), when seeking entertainment (virtual events, e-sports), and when needing medical advice (e-medicine),” HSBC analysts wrote in a global research report. 

Meanwhile, companies seeking to achieve efficiencies and refine their business models for the new regime could

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