Equifax CEO Richard Smith is out
Equifax (EFX) announced its chief executive officer Richard Smith is retiring, effective immediately. The announcement from the credit reporting bureau comes three weeks after it disclosed a massive data breach which exposed personal information of up to 143 million Americans. Equifax announced that Paulino do Rego Barros Jr., an Equifax executive from its Asia Pacific division, will serve as interim CEO. Shares of Equifax were last trading down 1.4% on Tuesday.
Raymond James thinks Apple shares could rally nearly 20%
Apple (AAPL) shares are moving higher following a bullish call by Raymond James. Analyst Tavis McCourt reiterated the firm’s outperform rating on the stock while upping its price target to $180 a share. McCourt noted the recent pullback in the stock “as a trading opportunity.” Apple shares closed at an eight-week low on Monday.
Nike earnings on tap
Nike (NKE) is scheduled to report earnings after the bell on Tuesday. Analysts are expecting profits to drop 34% to 48 cents a share on revenue of $9.09 billion. The athletic retailer has been in the spotlight this week after saying it supports NFL players who took a knee during the National Anthem. Nike shares are down about 5.5% over the past six months.
Microsoft announces Office 2019 release date
Microsoft (MSFT) is planning to release Office 2019 in the second half of 2018, with previews arriving in the middle of the year. The tech giant announced the news at its Ignite conference in Orlando, Florida, and says its next Office release will include new features to Excel and PowerPoint.