collected by :John Locas
Jobs report: On Friday, the U.S. Labor Department will release its February jobs report.
Urban Outfitters earnings: Urban Outfitters (URBN) will report its fourth quarter earnings on Tuesday.
Coming this week:Monday – Gallup U.S. Consumer Spending MeasureTuesday – Urban Outfitters earningsWednesday – “A Day Without a Woman” general strikeThursday – Geneva International Motor ShowFriday – Jobs report
But a strong jobs report would bolster Federal Reserve Chair Janet Yellen’s case to raise interest rates.
The 87th Geneva Motor Show kicks off on Thursday, March 9th and lasts for ten days.
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Analysts are weighing in on drugmaker Valeant Pharmaceuticals Intl Inc (NYSE:VRX), electric car concern Tesla Inc (NASDAQ:TSLA), and retail stock Urban Outfitters, Inc. (NASDAQ:URBN).
Valeant Shares Brush Off Price-Target CutMizuho Securities reduced its price target on VRX to $9 from $11.
Here’s a quick roundup of today’s bearish brokerage notes on VRX, TSLA, and URBN shares.
3 Reasons Goldman Sachs is Bearish on TeslaTSLA was downgraded to “sell” from “neutral” at Goldman Sachs, which also lowered its price target by $5 to $185.
For example, more than 82% of analysts maintain a “hold” or worse rating, leaving the door wide open for upgrades to boost TSLA shares higher.
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Caterpillar accused of tax fraud, Disney shareholder meeting, Urban Outfitters slides on earnings miss
However, revenue fell nearly 5% from a year ago and the company said that the tax season got off to a slower start than usual.
Urban Outfitters (URBN) shares fell in early trading.
The New York Times reported that a new report commissioned by the federal government accuses Caterpillar of carrying out tax and accounting fraud to boost its stock price.
H&R Block (HRB) shares were higher this morning after the tax preparer delivered better-than-expected quarterly results for last quarter.
Disney (DIS) will host its annual shareholder meeting today in Denver, Colorado, today.