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Splunk Shares Higher as J.P. Morgan Upgrades Software Firm to Overweight
Analyst Mark Murphy has been bullish on Splunk's fundamentals for at least three quarters, but concern about valuation kept the firm neutral. After a cash-flow guide-down, the `Street consensus [is] largely derisked.'
Cracker Barrel Shares Climb on Earnings Beat, Positive Outlook
Same-restaurant sales rose 3.8% in the quarter, and expectations for fiscal 2020 are for growth of 2% to 3%.
Burlington and TJX Shares Higher After Analyst Upgrade; Other Retailers Lower
While tariffs have hit traditional retailers hard, they have provided a big opportunity for Burlington, which has seen market-share gains as shoppers seek out less expensive alternatives, according to UBS.
Bloom Energy Shares Slump After Scathing Short-Seller Report
Shares of Bloom Energy slumped after Hindenburg Research claimed to have found $2.2 billion in undisclosed liabilities.