Momentum Stocks

Discovery Communications’ Price Target From Pivotal Cut to $26 From $28

Discovery Communications’ Price Target From Pivotal Cut to $26 From $28

Discovery Communications (DISCA) received a price-target reduction Tuesday from Pivotal Research Group as the firm warned clients it continues to expect “relatively weak fundamentals for video-centric media owners.” The new price target is $26 per share, down from $28. However, this is still well above the stock’s Monday closing price of $19.06, as Pivotal kept its investment rating on the […]

ECB Doesn’t See Sufficient Progress on Wages

European Central Bank President Mario Draghi said the central bank is “looking very closely at the labor market and wage bargaining,”adding that it sees some progress, but not enough. Action Economics said that as they highlighted in their report last week, since the crisis, official unemployment measure seem to be understating the degree of slack in the labor market and […]

Eurozone Investor Sentiment Hits Decade High in October – Sentix

Eurozone Investor Sentiment Hits Decade High in October – Sentix

A closely-watched gauge of investor sentiment in the Eurozone surged to a decade high in October, boding well for a region which has been struggling to shake off the shackles of a protracted period of slow economic growth since the financial crisis. The Sentix Economic Index, which is based on a survey of 992 investors, rose by 1.5 points to […]

Thomas Cook Teams Up With Switzerland’s LMEY to Develop Own Hotel Brand

Thomas Cook Teams Up With Switzerland’s LMEY to Develop Own Hotel Brand

British tour operator Thomas Cook (TCG.L) said on Tuesday that it had formed a strategic partnership with Switzerland’s LMEY Investments to expand its own-brand hotel portfolio while reiterating its full year outlook. The travel company also said that Michael Healy, its chief financial officer, is retiring, and will be replaced by director of financial reporting Bill Scott as of January […]