TipRanks Thurs Morning News! China Punishes LMT, F150 Production Halt, ROKU & TWLO Jump, + More!

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1. Lockheed Martin (LMT) is feeling the pain of US-China trade tensions. China has blocked purchases of the defense contractor’s products – punishing the company for the US’s sale of offensive arms to Taiwan. The Western-backed government of the island state is a long-time adversary of Beijing, and the purchases go against long-standing Chinese policy of non-interference in its internal affairs. In response, analysts at Cowen downgraded their rating on LMT from Neutral to Underperform, and lowered their price target from 5 to 0.

2. The production of the iconic Ford F-150 truck has been put on hold due to a fire at a parts supplier’s factory. The blaze, which occurred at a Meridian Magnesium Products of America’s Michigan factory, caused the temporary closure of three Ford plants. The F-150 is the bestselling pickup truck in the United States and a major contributor to Ford’s profits. Ford’s shares took a hit following the announcement, closing down 5.2% on the news.

3. Roku (ROKU) and Twilio (TWLO) have seen a jump in their stocks following their strong first-quarter earnings reports. ROKU saw its share prices soar by 19.9%, while TWLO saw a jump of 17.3%. The surge in share prices come after both companies posted strong earnings and sales figures, along with guidance that surpassed analyst expectations.

4. On the heels of Apple’s (AAPL) monumental US seed_expre=’TipRanks Thurs Morning News! China Punishes LMT, F150 Production Halt, ROKU & TWLO Jump, + More!’ temperature=’1′ top_p=’1′ model=’text-davinci-003′ presence_penalty=’0′ frequency_penalty=’0′ min_char=’500′ max_tokens=’2048′ max_tokens=’2048′ max_seed_tokens=’500′ max_continue_tokens=’500′ images=”2″ headings=”3″ videos=”on” static_content=”on” trillion market cap, many investors are asking if Amazon (AMZN) could reach the same heights. The retail giant has certainly been no slouch – its shares are up over 50% since the start of 2018. Analysts at Goldman Sachs think that, while it is possible, it wouldn’t happen anytime soon. They have placed a 12-month price target of seed_expre=’TipRanks Thurs Morning News! China Punishes LMT, F150 Production Halt, ROKU & TWLO Jump, + More!’ temperature=’1′ top_p=’1′ model=’text-davinci-003′ presence_penalty=’0′ frequency_penalty=’0′ min_char=’500′ max_tokens=’2048′ max_tokens=’2048′ max_seed_tokens=’500′ max_continue_tokens=’500′ images=”2″ headings=”3″ videos=”on” static_content=”on”,850 on the stock – representing a potential upside of 13%.

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