Twitter downgrade; Walmart takes on Amazon’s Prime Day; Netflix warning
#Yahoo Finance is tracking the stocks you’re following, based on your Yahoo Finance ticker searches. #Twitter (TWTR) – #SunTrust downgraded Twitter to neutral from buy on concerns over user growth and monetization challenges. Twitter also announced it has reached a deal with CBS to live-stream the Democratic and Republican National Conventions later this month. #Wal-Mart (WMT) – The retail giant is taking on #Amazon ’s Prime Day by offering free shipping this week with no minimum purchase. This offer will be in addition to its recently launched 30-day free trial of ShippingPass, which offers unlimited 2-day shipping for $49 per year. Netflix (NFLX) – The online streaming giant is on investors’ radars after a Barron’s article warned that the stock could drop 40%. The article cited content spending as the biggest risk to #Netflix. #Ford (F) – The auto giant is out with details on its new 2017 F-150. Ford says its 3.5-liter EcoBoost V6 engine and 10-speed automatic transmission will be set to go this fall. ConocoPhillips (COP) – JPMorgan has upgraded ConocoPhillips to neutral from underweight with a $44 price target.