Monday, August 31, 2020

SunBizNews Business and Market News for Tuesday, 1 Sep 20


$SPOT $AAPL Spotify & Apple Music have new competition in SouthEast Asia: ByteDance, owner of Tik-Tok, has a successful music streaming software called Resso which just launched in India and Indonesia.


$AAPL  Bloomberg says Apple preparing to build 75 Million 5G iPhones later this year



$CRWD  RBC Capital raised its price target on CrowdStrike Friday to $120. Yesterday, Barclays seconded that emotion -- with a hike to $130 a share.

$CRWD  Hypercharts for Crowdstrike tell the story





$BYND $CSX $HR $HTA $PINC $WF were all UPGRADED yesterday, Monday, 31 Aug 20



$BYNDBeyond MeatCitigroupSell → Neutral$141
$CSXCSXStephensEqual-Weight → Overweight$93
$HRHRRaymond JamesOutperform → Strong Buy$35
$HTAHTARaymond JamesMkt Perform → Outperform$29
$PINCPINCGuggenheimNeutral → Buy$37
$WFWFDaiwa SecuritiesNeutral → Outperform


$AMZN $WMT  "Walmart+" to go up against Amazon Prime with free delivery and gas discounts!




$PINS Hedgefund interest in Pinterest is skyrocketing  




$MCD 52 Black Ex-franchisees of McDonald's Sue for $1 Billion on Racial Discrimination Allegations



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