S&P 500 Winners: Netflix Put in Neutral

Netflix (NASDAQ:NFLX):  B. Riley & Company cuts Netflix from Buy to Neutral. Analyst Eric Wold feels a purchase is outweighed by risks. Nevertheless, Wold writes, “NFLX remains firmly positioned against other domestic unlimited streaming competitors with the most attractive relative assortment of content for the price…” The firm is still positive on Netflix with a potential target of $125, but recommends waiting for a better entry point. Shares are up $1.99 or 1.7 percent at $125.78 today. NFLX shares recently traded at $124.71, up $0.92, or 0.74%. They have traded in a 52-week range of $62.37 to $304.79. Volume today was 11,806,823 shares versus a 3-month average volume of 8,368,800 shares. The company’s trailing P/E is 29.27, while trailing earnings are $4.26 per share.

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J.C. Penney (NYSE:JCP): Piper Jaffray raised J.C. Penney target from $29 to $50. The new look at J.C. Penney is already paying off for the company. Piper Jaffray feels the company can expect annual growth over 30 percent for the next several years as it raised target price to $50. JCP shares recently traded at $42.01, up $0.59, or 1.42%. They have traded in a 52-week range of $23.44 to $41.86. Volume today was 6,381,519 shares versus a 3-month average volume of 4,867,090 shares. The company’s trailing P/E is 45.91, while trailing earnings are $0.92 per share.

Interpublic Group of Companies (NYSE:IPG) acquires Fuse. Interpublic reached undisclosed terms to acquire the digital and interactive agency, Fuse. While holding on to it name, Fuse will combing operations and employees with Interpublic’s GolinHarris in London. IPG shares recently traded at $10.41, up $0.21, or 2.06%. They have traded in a 52-week range of $6.73 to $13.35. Volume today was 3,736,134 shares versus a 3-month average volume of 6,462,450 shares. The company’s trailing P/E is 12.16, while trailing earnings are $0.86 per share.

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