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Lyft (LYFT) downgraded to in line from outperform (hold from buy) at Evercore, one of many negative Wall Street notes. Price target cuts: Credit Suisse to $122 per share from $137 and Baird to $120 from $140. Raymond James cuts price target on Palantir (PLTR) to $15 per share from $20 but has strong buy. Meanwhile, multiple price cuts on Celanese. Mizuho cut price target on cloud data provider Snowflake (SNOW) to $185 per share from $225 but keeps buy rating.
Zoom says it has fixed issue preventing access to platform
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: 1 min
Nov 3 (Reuters) - Zoom Video Communications (ZM.O) said on Thursday it has resolved an issue that was preventing some users from accessing its platform. The company's status page showed at 1833 GMT that all its services were operational. There were more than 15,000 incidents of people reporting issues with the audio-streaming platform earlier on Thursday, according to outage tracking website Downdetector.com. Downdetector tracks outages by collating status reports from a number of sources including user-submitted errors on its platform. Reporting by Tiyashi Datta in Bengaluru, additional reporting by Chavi Mehta; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Nov 2 (Reuters) - The U.S. Department of Justice is preparing to open an investigation into Adobe Inc's (ADBE.O) $20 billion takeover of Figma, Politico reported on Wednesday, citing four people with knowledge of the matter and a document it viewed. The DOJ has been reaching out to customers and competitors of Adobe and Figma, as well as Figma's venture capital investors, in recent weeks, according to the report. "Adobe and Figma today are not meaningful competitors," Adobe said in an emailed statement. Figma and the DOJ did not immediately respond to Reuters' requests for comment. The exact timing of the probe is unclear, Politico said, adding that the companies are still in the review period mandated by law.
Index funds tend to be cheaper. Obviously, index provider S&P Global (SPGI) has a vested interest in promoting passive funds backed to various benchmark indexes. Even legendary investing guru Warren Buffett of Berkshire Hathaway (BRKB) has extolled the virtues of index funds for average investors. He noted that just one of every four active funds beat their passive benchmarks over the ten years ending in June. That’s why some investors aren’t singing a funeral dirge for active stock picking – just yet.
The Sam Adams brewer, which also owns the hard seltzer brand Truly, is struggling as the popularity of alcoholic seltzer appears to be fading fast. “The continuing decline of the hard seltzer segment … is deeper than previously expected,” said Boston Beer founder and chairman Jim Koch on the company’s earnings call in July. Sam Adams owner Boston Beer made a big bet on Truly Hard Seltzer. Sales have slowed, the company is still losing money, its founders have left, and the stock has plunged nearly 80% this year. E-signature software company DocuSign (DOCU) and virtual health company Teladoc (TDOC) have also plunged this year after getting huge boosts from Covid in 2020.
Its problems put a spotlight on other pandemic hot-shots like Zoom Video Communications (ZM.O), Nautilus Inc (NLS.N), DocuSign Inc (DOCU.O) and DoorDash Inc (DASH.N). Register now for FREE unlimited access to Reuters.com RegisterGrowth investors pushed Peloton stock to a $171.09 record in early 2021. Others bought exercize gear from Nautilus during the pandemic, sending its stock up to $31.30 in early 2021. So, while people might still be using the Peloton, not enough people are buying the Peloton," said Forrest. While one possible outcome for pandemic favorites with slowing growth could be a buyout by a larger company, Schleif is wary of making this bet.
Oct 12 (Reuters) - Networking firm Cisco Systems Inc. (CSCO.O) will add Microsoft Corp.'s (MSFT.O) Teams messaging app to its meeting devices, the two firms said on Wednesday, offering users an alternative to its own Webex video conferencing app. Cisco's Jeetu Patel, head of Security & Collaboration, said the company aims to be the hardware platform for a wide range of conferencing software platforms. Register now for FREE unlimited access to Reuters.com Register"There's going to be times that people want to jump on a Microsoft Teams call, they want to jump on a Zoom call, they want to jump on a Google call." Ilya Bukshteyn, vice president of Microsoft Teams Calling and Devices, told Reuters the Teams Room software already runs on several other hardware devices and will be available on Cisco devices from the first quarter of next year. Register now for FREE unlimited access to Reuters.com RegisterReporting By Jane Lanhee Lee; editing by Richard PullinOur Standards: The Thomson Reuters Trust Principles.
Zoom Video, one of the most symbolic stocks of the pandemic, got downgraded by Morgan Stanley as the company struggles to keep up its Covid momentum. Analyst Meta Marshall on Tuesday downgraded the video communication platform to equal weight from overweight. She also said it will see overhang for the next six months as online business more broadly finds a happy medium coming out of the pandemic boom. Zoom became a poster child of the pandemic as it surged in popularity – and valuation – with people moving their lives increasingly online. Zoom said its fiscal second-quarter revenue growth slowed to 8% from 12% a year ago in the year-earlier period.
Our trusted S & P Oscillator is at a minus 7. Goldman cut its year-end S & P 500 target to 3,600 from 4,300. Darden Restaurants (DRI), parent of Olive Garden and LongHorn Steakhouse, had its price target lowered $2 to $129 by Deutsche Bank. Morgan Stanley is concerned that Advanced Micro Devices (AMD) will miss numbers, so it cut its price target to $95 per share from $102. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Here's what you should know about how to invest in communications stocks, what the risks are, and what rewards you might anticipate. Companies in the media, entertainment, interactive gaming, information creation, and information distribution businesses also belong to the communications sector. Basically, it expanded the existing telecommunications sector to become a broader communications services sector. The advantages of communications stocksThere are a variety of reasons for investors to consider communications companies. And the COVID-19 lifestyle shifts might make us permanently more reliant on communications companies, even once the pandemic is behind us.
Time for someone else to ride the Peloton bike?
  + stars: | 2022-09-20 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +3 min
Peloton also announced job cuts at the time of McCarthy’s hiring and revealed more layoffs in August. Peloton is one of several pandemic era winners that are now finding it difficult to keep the boom times going. With that in mind, Nike (NKE) or Adidas (ADDDF) could work out as potential Peloton buyers. Amazon (AMZN) is also compelling as a potential Peloton owner. Nike and Amazon were both mentioned in various media reports as potential acquirers for Peloton in February, just before McCarthy was hired.
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