Fox News chief Ailes to be ousted by Murdochs report
Rupert Murdoch and sons reportedly plan to remove Fox News Channel CEO Roger Ailes after a sexual harassment suit by Gretchen Carlson, with Fox stating confidence earlier and launching an internal review.
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Luxury retailers face rough spot amid shaky global demand
Global instability and slowing tourism squeeze high end sellers as online rivals and discounters erode demand. The S&P Global Luxury Index fell about 15 percent over the year while Americas sales stagnated. analysts warn continued pressure from Brexit, terrorism worries, and China’s slowdown.
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Americas
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Prada
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Zara
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Fiat Chrysler faces federal probes over sales figures
U S authorities including the Justice Department and the SEC are investigating Fiat Chrysler Automobiles over allegedly inflated vehicle unit sales reported to end customers in the United States. FCA says it will cooperate while dealers and investors react to the news and the long sales-streak remains under scrutiny.
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Dow set to hit 19,140 as blue chips lead gains
Dow hits new highs yet returns look weak as nine Dow components led by Apple Home Depot McDonald's and Visa are forecast to add at least 50 points each. Analysts project 19,140 in 18 months, about 3.3% higher, even with roughly 2% dividend yield, well below 9.5% long term targets.
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USA Today
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EXPECTED GAINERS Market skepticism lingers as Dow bets rise
Analysts foresee 10 of 30 Dow stocks, including IBM Caterpillar and 3M, falling in 18 months amid Fed rate worries and profit concerns. Apple faces upside potential despite a 23% 12 month drop, with a $122 target and 22% rise planned. Home Depot and Visa show solid upside driven by housing strength and steady growth.
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Federal Reserve
Brian Belski
BMO Capital Markets
Apple
Goldman Sachs
Kulbinder Garcha
Credit Suisse
Home Depot
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