Exxon, energy stocks soar; Deutsche Bank says buy Goldman; Netflix unveils new feature
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Exxon (XOM) – Energy stocks are on the move after OPEC reportedly reached an agreement to cut oil output by 1.2 million barrels per day. According to Reuters, Saudi Arabia accepted “a big hit” on its production and agreed to Iranian output at pre-sanctions levels.
Goldman Sachs (GS) – Deutsche Bank (DB) is bullish on Goldman Sachs, upgrading the bank to a buy. The German bank thinks Goldman will benefit from higher interest rates and stronger economic growth.
UnitedHealth (UNH) – Mizuho upgraded the health insurer to buy from neutral following UnitedHealth’s investor day where it issued strong guidance for the coming year.
Netflix (NFLX) – The online streaming service announced a download option for viewing content while offline. The new feature will be available to all customers using phones and tablets on Android and iOS.
American Eagle (AEO) – The teen retailer is under pressure after offering weak guidance and reporting a 2% climb in third-quarter same-store sales, short of Wall Street’s expectations of a 2.9% jump. American Eagle sees fourth-quarter earnings per share of 37 cents to 39 cents, below the 46 cent consensus.
GoPro (GPRO) – The company announced plans to cut about 15% of its workforce in an effort to boost its struggling business. As part of GoPro’s restructuring plan, the company’s president, Tony Bates, is stepping down from the company at the end of the year.