— An analyst at B. Riley FBR upgraded the retailer to buy from neutral, citing "improving trends" in its footwear business. The analyst also hiked Foot Locker's price target to $73 per share from $62, implying a 30% surge from Thursday's close. Foot Locker shares rose about 1%.
— Baidu shares plummeted more than 15% after the Chinese search-engine operator reported its first quarterly loss since 2005 and issued weaker-than-expected quarterly revenue guidance that missed expectations. CEO Robin Li also warned that a slowdown in China's technology sector or the country's broad economy could hurt the company.— The semiconductor's stock rose more than 4% after reporting better-than-expected earnings and revenue.
Just saw one of you guys reporting on the sale of Tesla stock. The story is at least three days old and T. Rowe sold the shares months ago.
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