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Model N stock price, MODN
Model N stock chart:
Model N close price: 12.2
Stock price forecast:
DOWN TO -0.33%
Total forecasts: 81
Reached: 2 (2.47%)
Total Win: 0.06 (0.48%)
Showing 1-10 of 575 items.
|Date of Forecast||Stock Price||Target Price||Forecast Reached Date|
Model N latest news:
Ulta shares slide after analyst downgrade
Ulta Beauty Inc. shares are down nearly 4% in Wednesday trading after the company was downgraded to hold from buy at Edward Jones. "At current levels, we believe the shares adequately reflect our outlook for above-average earnings growth," analysts wrote. "Ulta Beauty shares have an above-average price movement, reflecting price volatility that is well above that of the broader market and most retail peers." Analysts think sales growth will slow, and with e-commerce sales growing faster than store sales, profit margin growth is limited. Despite the downgrade Edward Jones says the company is a "compelling growth" story because there's room for additional stores, has a differentiated business model in an "attractive industry," and could have further profit expansion. Edward Jones says Ulta could increase its fleet of stores by half to more than 1,500. Ulta shares are up 35.2% for the past year while the S&P 500 index has gained 15.7% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Brown-Forman's stock rallies after report of Constellation Brands' buyout interest
Shares of Brown-Forman Corp. rallied 1.5% in afternoon trade Tuesday, paring earlier gains of as much as 4.9%, after CNBC reported that Constellation Brands Inc. had made an approach to buy the owner of the Jack Daniels and Canadian Mist brands. Shares of Constellation Brands, which brands include Corona, Modello and Ballast Point beer brands, were down 1.3%. CNBC did not report any possible terms of the deal. At current share prices, Brown-Forman has a market capitalization of $22.24 billion, according to FactSet, while Constellation Brands' market cap is $35.53 billion. Brown-Forman's stock has run up 28% year to date, while Constellation Brands shares have climbed 19% and the S&P 500 has gained 7.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Fiat Chrysler chafes against claims of diesel emissions cheat; shares fall
Fiat Chrysler Automobiles NV said Tuesday it is working to clarify issues related to diesel emissions technology stemming from a U.S. Justice Department complaint filed earlier Tuesday. The company is reviewing the complaint and it is "disappointed" that the department chose to file the lawsuit, Fiat Chrysler said in the statement. "The company intends to defend itself vigorously, particularly against any claims that the company engaged in any deliberate scheme to install defeat devices to cheat U.S. emissions tests," it said. Fiat Chrysler last week announced it had developed updated emissions software calibrations that it believed addressed concerns from federal and California regulators, it said. The company has formally filed for diesel emissions certification for its 2017 model year Jeep Grand Cherokee and Ram 1500 diesel vehicles, it said. Subject to the permission from regulators, Fiat Chrysler plans to install the same modified emissions software in 2014-2016 Jeep Grand Cherokee and Ram 1500 diesel vehicles, the company said. "FCA US believes this will address the agencies' concerns regarding the emissions software calibrations in those vehicles," it said. Shares of Fiat Chrysler fell 3.4%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Rate-hike expectations recede as the stock market unravels
Wall Street expectations for an increase in benchmarks interest rates next month by the Federal Reserve fell on Wednesday, as U.S. stocks suffered the worst daily drop in months on concerns President Donald Trump's pro-growth legislative agenda was in jeopardy. Federal-funds futures were indicating that the market was pricing in a 64.6% probability of a rate hike at the Fed's two-day meeting starting June 13-14. That is down from expectations as high as about 90% just last week and 74% on Tuesday, according to the CME Group's data. The current levels still imply a strong likelihood of a rate increase as the Janet Yellen's Fed aims to normalize monetary policy, but significantly lower. The downshift for the rate-hike outlook comes as so-called risk assets, notably stocks, are tumbling sharply, along with yields for government bonds. Reports alleging that Trump tried to influence an FBI probe into members of his presidential campaign and Russia by requesting that then-director of the Federal Bureau of Investigation, James Comey, end an investigation into former National Security Adviser Michael Flynn has intensified doubts that the president will be able to implement a host of market-friendly policies that had been at the heart of the runup in risk assets in recent months. The Dow Jones Industrial Average was off 1.5% at 20,661, putting it on pace to log its worst one-day drop in eight months. The S&P 500 index and the Nasdaq Composite Index also were on track for their sharpest declines since September. Financial stocks have been at the center of Wednesday's storm with shares of Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. cutting more than 100 points from Dow, combined. Lower interest rates can undercut a bank's lending model. The yield on government bonds have been near their lowest levels in three weeks, with the 10-year Treasury note [BX:TMUBMUSD10Y] yielding 2.22%. Yields, which move inversely to prices, tend to fall in times of uncertainty and as expectations for rate hikes decline. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Exact Sciences CEO and short-seller go mano-a-mano on CNBC, stock pares losses
Shares of Exact Sciences Corp. bounced off earlier lows Monday, after Chief Executive Kevin Conroy went mano-a-mano with famed short-seller Andrew Left on CNBC, with Conroy saying Left's bearish comments were "dead wrong." The stock had tumbled as much as 8.1% just before noon ET, after Left's Citron Research released a report saying the company's Cologuard screening test was a "seriously inferior product and a disastrous business model." After both Conroy and Left went at it on CNBC, with Conroy defending the company and Left pushing his bearish view, the stock pared losses to be down just 3.1% around 12:30 p.m., before pulling back to be down 4.9% in recent trade. The stock, which had closed at a record $35.43 on May 5, has more than doubled year to date, while the iShares Nasdaq Biotechnology ETF has climbed 11% and the S&P 500 has gained 7.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Exact Sciences Corp. stock drops 6% after short-seller Citron Research targets its colon cancer test
Exact Sciences Corp. shares dropped 6.4% to $31.68 on Monday morning after short-seller Citron Research released a report about the company that called its colon cancer test "a seriously inferior product and a disastrous business model." Exact Sciences' Cologuard screening test works using a stool sample that patients send in and, if positive, should be followed by a colonoscopy, according to Exact Sciences. But Citron Research alleged in its report that the product is bad and that not only are doctors not ordering more of it, but Medicare will pay less for the test next year. The company has been successful because "some men think they are 'too cool' (or too scared) to get a colonoscopy, despite the real dangers of colon cancer," the Citron Research report said. But, the report continued, "we believe Exact Sciences is what happens when Wall Street meets bad medicine." Exact Sciences did not immediately respond to a request for comment. Exact Sciences shares have skyrocketed 61.1% over the last three months, compared with a 2.3% rise in the S&P 500 . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
U.S. used-car glut is a dealer’s dream, automakers’ nightmare
Three years ago if a customer walked onto Dan Reel's used car lot seeking a late-model off-lease Ford Escape, his answer was short: tough luck. The supply of lightly-used cars and trucks was tight because automakers had drastically cut back on bargain leases during and after the Great Recession.
Boeing halts test flights of new plane over engine issue
Boeing stops test flights of its new 737 model because of a possible problem in engine discs
Tesla plugs older Model S as new buyers turn to Model 3
SAN FRANCISCO (Reuters) - Electric-car maker Tesla Inc on Wednesday reported first-quarter revenue that more than doubled, and while saying the upcoming Model 3 was on schedule for July, it downplayed the mass-market vehicle to give a sales pitch for its more expensive Model S.
Tesla shares higher after wider Q1 loss, revenue beat
Tesla Inc. shares rose 0.5% late Wednesday after the company posted a wider-than-expected adjusted quarterly loss but beat revenue expectations. The Silicon Valley car maker said it lost $330 million, or 2.04 a share, in the first quarter, compared with $282 million, or $2.13 a share, in the year-ago period. Adjusted for one-time items, Tesla reported a loss of $1.33 a share, compared with $1.46 a share a year ago. Revenue reached $2.7 billion in the quarter, compared with $1.15 billion a year ago. Analysts polled by FactSet had expected Tesla to report adjusted per-share loss of 82 cents on sales of $2.61 billion. Tesla kept its forecast of 47,000 to 50,000 vehicles delivered in the first half of the year, but shied away from a second-half prediction, saying it will wait after it starts producing the first handful of Model 3 sedans in July. The stock had ended the regular trading day down 2.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
As U.S. Retailers Struggle, The End Is Near For Malls
Christopher Leinberger, chair of the Center for Real Estate and Urban Analysis at George Washington University, says America's malls aren't just overbuilt, they're under bulldozed. He explains one model for the how shuttered malls can reinvent themselves, and points to a new model of store as showroom.
Microsoft unveils Chromebook and MacBook Air competitors
Microsoft Corp. unveiled two new laptops on Tuesday running on its Windows 10 S operating system, which will compete with the lower-end PC models of Alphabet Inc. and Apple Inc. . The company introduced a $999 Surface Laptop, which will compete with Apple's $999 MacBook Air, and a less-frilly $189 laptop targeted for use in schools, which will compete with Google's $149 Chromebook. To go along with the educational device, Microsoft released a new educational software suite that includes 3D rendering on its laptop and Hololens augmented-reality glasses, as well as a special "education edition" of Minecraft. The product announcements come the same day that Apple is set to report its quarterly earnings. Shares of Microsoft edged up 0.1% to $69.46 in late-morning trade shortly after the event. They've gained 10% in the past three months and more than 37% in the past year, outperforming the S&P 500 , which is up 4.7% and 14.7%, respectively. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Atlanta Fed's GDPNow tracker points to second-quarter growth of 4.3%
The Atlanta Fed tracker of gross domestic product points to a strong rebound for the second quarter after the slowest quarter in three years. The GDPNow model forecasts 4.3% growth. That would be the strongest growth since the 5% gain in the third quarter of 2014. The U.S. grew just 0.7% in the first quarter, the Commerce Department said last week.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Barnes & Noble promotes Demos Parneros to CEO as Leonard Riggio steps down
Barnes & Noble Inc. said Thursday that it has promoted Demos Parneros to chief executive of the company. He succeeds Leonard Riggio, who is stepping down from the role, but will remain chairman of the board. Parneros was previously chief operating officer, a role he's filled since November 2016. He's been a director of KeyCorp since January 2014 and at Modell's Sporting Goods since July 2009. Barnes & Noble shares are unchanged in premarket trading, and down 28% for the last year. The S&P 500 index is up 14% for the past 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Airbus Q1 core profit down 52 pct, reaffirms targets
PARIS, April 27 (Reuters) - Europe's Airbus on
Thursday posted a 52 percent drop in first-quarter profit,
weighed down by weaker prices for some jets as it changes over
to new models and higher production costs, but reaffirmed
targets for higher profits for the year.
Uber plans to launch flying cars by 2020
Uber Technologies Inc. plans to roll out flying cars with a pilot in Dallas-Fort Worth by 2020 and flights in Dubai at the Expo2020, the company's Chief Product Officer Jeff Holden said Tuesday. The goal is to further cut down in transit time. In a live stream presentation from the Uber Elevate Summit, Holden said the company's models suggest flying cars could be $1.32 per passenger mile, about the same rate as UberX, and later fall below the rate of car ownership. The flying car option would eventually be available in the Uber App. Uber is working with aircraft manufacturers, including Aurora Flight Services and Pipistrel Aircraft, who will build the flying cars using VTOL Technology, or technology for a vertical take-off aircraft, and with real estate companies in the two cities to build landing pads for the cars. Holden said he expects the number of cities with flying cars to grow rapidly. Uber has also been piloting its self-driving cars in cities across the U.S., but has run into difficulties with regulation. A startup backed by Alphabet Chief Executive Larry Page, unveiled its flying car Monday, in a race with many other technology companies. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Labor shortage a stress test for Japan's 24/7 convenience stores
TOKYO (Reuters) - Japan's growing labor shortage threatens the nation's ubiquitous convenience stores, whose business model relies on an army of part-timers packing bento lunch boxes, manning cash registers and delivering goods 24/7.
Tesla’s big Model 3 bet rides on risky assembly line strategy
(Reuters) - Tesla Inc Chief Executive Elon Musk took many risks with the technology in his company's cars on the way to surpassing Ford Motor Co's market value. Now Musk is pushing boundaries in the factory that makes them.
Canadian VW Dealers Move Diesels Out of Storage and Into Showrooms
Cars from the 2015 model year, frozen in inventory since the emissions-cheating scandal erupted, are back on the lot. But no one is saying why.
Tesla recalls 53,000 cars over brake issue
Some Model X and Model S vehicles are affected, but there have been no reports of accidents.
Tesla recalls 53K cars over parking brake gear
Tesla, the electric car maker founded by billionaire Elon Musk, has issued a voluntary recall of its Model S and Model X vehicles, citing a faulty gear in the electric parking brakes.
Tesla shares fall after company recalls 53,000 cars over brake issue
Tesla Inc. shares turned lower Thursday after the Silicon Valley car maker said it was recalling 53,000 Model S and Model X vehicles built between February and October of 2016 due to a potentially malfunctioning gear in the vehicles' electric parking brakes. Tesla said it has not seen any injuries or incidents relating to the problem. The vehicles being recalled may contain a small gear that may have been improperly made by a third-party supplier, the company said. If the gear were to break, the parking brake would still work, but could be stuck in place, Tesla said. The company said the defective gear may be in less than 5% of vehicles being recalled, but it put forth a broader recall "out of abundance of caution." Tesla owners affected will receive a recall notice by mail and e-mails from the company, Tesla said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Skechers launches You collection of athleisure shoes
Skechers USA Inc. said Monday that it has launched a new collection, You by Skechers, a women's lifestyle line that incorporates the technologies from its performance shoes. You by Skechers aims to tap into the demand for "lightweight wellness footwear in the athleisure marketplace," according to a press statement. Skechers has partnered with four healthy-living advocates, including fitness model Koya Webb and Pilates expert Katie Yip, to promote the collection on their social media channels. Skechers is scheduled to announce its first-quarter earnings on Thursday after the market closes. Skechers shares are up 2% in Monday trading, and up 3.6% for the year so far. The S&P 500 index is up 4.6% for 2017 to date.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Chinese automakers SAIC, Geely turn up heat on global rivals
SHANGHAI (Reuters) - Global automakers face fresh threats to their profits in China from domestic automakers SAIC and Geely, which are launching new models and marketing strategies to challenge better-known foreign brands in the world's largest car market.
Ford Mustang fans have something to be very excited about
Ford just said it’s keeping the 526-horsepower Shelby GT350 and GT350R in production through the 2018 model year as a way to celebrate National Mustang Day. Sean Dowling (@seandowlingtv) has more.
Tesla to unveil freight truck in September, Musk says
Tesla Inc. Chief Executive Elon Musk tweeted Thursday that the Silicon Valley company hopes to unveil a freight truck in September, calling it "seriously next level." The unveiling would come just a couple of months ahead of the launch of the Model 3, the small sedan Tesla hopes to sell for $35,000. On a blog post last year about long-term goals for the company, Musk mentioned an electric heavy-duty truck and a "high passenger density urban transport" vehicle, presumably a bus, as well as two other passenger vehicles as the next steps for Tesla. Tesla shares added to gains after the tweet, trading as high as $302.88.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Polaris recalls 51,000 Ranger 900 ROVs sold over the past 3 years
Shares of Polaris Industries Inc. slumped 1% in midday trade Thursday, after the off-road vehicle maker said it was recalling about 51,000 recreational off-road vehicles (ROVs) after reports of fires. The recall involves all 2015 model-year Ranger XP 900, XP 900 EPS and Crew 900 ROVs, which were sold in a variety of colors and have either three or six seats. The vehicles, made in the U.S. and Mexico, were sold from dealers nationwide from April 2014 through March 2017, for between $13,400 and $21,300. "Polaris has received 13 incident reports involving the recalled ROVs, including five reports of fires," the company said in a statement. "No injuries have been reported." The stock has shed 7.5% year to date, while the S&P 500 has gained 4.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Trump Organization Says It's Closing Its Modeling Agency
While Trump Model Management "enjoyed many years of success," the Trump Organization said in a statement that it was choosing to focus on its core businesses of real estate, golf and hospitality.
Onconova Therapeutics stock surges 18% on positive pre-clinical data for cancer drugs
Onconova Therapeutics Inc. stock surged as much as 18% in premarket trade Tuesday after the company said its two cancer drugs had positive pre-clinical results. Onconova shares were valued at $3.01 as of Monday's close. One drug, ON 123300, was found in a model to work as well as Pfizer Inc.'s Ibrance, and could lead to less infection susceptibility, the company said. The other drug, ON 150030, showed promising results in relapsed and refractory Acute Myeloid Leukemia, the company said. Both results were presented on Monday at the American Association for Cancer Research's annual meeting. Onconova shares have surged 30.3% over the last three months, compared with a 3.9% rise in the S&P 500 . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tesla delivers quarterly record of 25,000 vehicles in first quarter
Tesla Inc(TSLA) , the U.S. luxury electric car maker, said on Sunday first-quarter vehicle deliveries jumped 69 percent from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter. The company said of the total vehicles delivered, about 13,450 were Model S sedan and about 11,550 were Model X sports utility vehicle.
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