Netflix (NFLX) — which is up more than 200% in the past 12 months and 130% year-to-date in 2013 — was stuck with an “underperform” rating from Bernstein Research this week on the grounds that the stock’s rally simply isn’t sustainable. InvestorPlace Editor Jeff Reeves still thinks NFLX makes a good near-term pick, though.
Analysts had better news for beverage giant Coca-Cola (KO) this week as two new price targets predict around 20% upside for the stock. KO has slightly lagged the broader market so far this year with gains just under 10%.
Cruise operator Carnival Corp. (CCL) is getting a new CEO. Micky Arison stepped down yesterday and will be replaced by long-time board member Arnold Donald. The company also posted a profit of $41 million in the most recent quarter — nearly triple what it earned in the year-ago period — thanks in part to lower fuel prices.
Men’s Wearhouse (MW) recently fired founder and executive chairman George Zimmer — you know, the guy in the commerials — but now sources are saying Zimmer apparently is mulling a comeback at his company.
Technology giant Oracle (ORCL) has been busy making deals this week, announcing a nine-year plan to merge cloud platforms with rival Salesforce.com (CRM) yesterday and a partnership with Microsoft (MSFT) on Monday.
Last but not least, Neiman Marcus has filed for an IPO. The century-old department store plans to raise up to $100 million from the offering. IPO expert Tom Taulli says not to expect the luxury offering to be the next Michael Kors (KORS), though.
For more videos — including exclusive access to full-length interviews and early access to weekly updates — like us on Facebook or follow us on Twitter. As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities. Follow her on Twitter: @alyssaoursler.