BABA, LAC, FCX, QURE, and Beyond
BABA, LAC, FCX, QURE and more Check out the companies making headlines in midday trading: Freeport-McMoRan — The mining company’s stock tumbled nearly 12% after it declared force majeure at its Grasberg mine in Indonesia. Freeport halted activity at the mine earlier this month after a mud rush led to a fatal accident. In addition, […]
Stock Market Milestones, Fed Interest Rate Cuts, Trading Insights, and New iPhone Releases
Stock market records, Fed rate cut, trades, and new iPhones The stock market reached records again this week, propelled by the Federal Reserve’s decision to cut interest rates for the first time since last December. The S & P 500 and Nasdaq hit a number of all-time closing highs this week, one as recently as […]
Investors Approach Fed Decision with Highest Optimism Since February
Investors head into the Fed decision at their most bullish since February Sentiment is high heading into the Federal Reserve decision. Investors are at their most bullish since February, according to the latest global fund manager survey released Tuesday from Bank of America Securities. The Wall Street firm said the survey’s broadest sentiment measure — […]
Nvidia Receives Multiple Positive Endorsements Ahead of This Week’s Earnings Report
Nvidia gets a series of positive endorsements Monday ahead of earnings this week Analysts across Wall Street are feeling good about Nvidia ahead of the graphic processing unit designer’s earnings report due out after Wednesday’s closing bell. Several sell-side shops pointed out that hyperscalers — which make up Nvidia’s primary customer base — have already […]
Stocks Surge to Record Highs Again Amid Warning Signs: Can the Bull Market Persist?
Stocks power to record highs again despite warning signs. Can the market’s strong run continue? The market wants a Federal Reserve interest-rate cut soon, but it doesn’t want to need one. Wall Street economists are fixated on identifying tariff effects, yet stocks either celebrated or shrugged off three warm and sticky inflation readings this week, […]
Premarket Stock Movers: UAA, EXPE, TTD, MP
Stocks making the biggest moves premarket: UAA, EXPE, TTD, MP Check out the companies making headlines before the bell: Under Armour — The retail stock tumbled 21% after American sportswear company posted first-quarter results that missed estimates. Under Armour reported adjusted earnings of 2 cents per share, lower than the FactSet consensus estimate of 3 […]
Bank of America Downgrades Novo Nordisk Amid Weakening Growth Outlook for Wegovy
Novo Nordisk gets a downgrade from Bank of America as Wegovy growth outlook weakens Concerns over Novo Nordisk’s growth path is leading Bank of America to step to the sidelines. The bank downgraded the Danish pharmaceutical giant to neutral from buy and decreased its price target to $60. That updated target still implies more than […]
Live Updates on Stoxx, FTSE, DAX, and Tariff Developments
Live updates on Stoxx, FTSE, DAX, tariffs news American fund managers welcome decision to scrap Section 899 The Investment Company Institute (ICI), which represents fund houses in the U.S. and some in Europe, welcomed the powerful Senate Finance and House Ways and Means committees’ decision to remove Section 899 from U.S. President Donald Trump’s spending bill. […]
JPMorgan Increases Year-End S&P 500 Target, But Predicts Limited Upside Potential
JPMorgan raises its year-end S&P 500 target, but sees little upside left Strong earnings and a resilient economy amid extreme policy uncertainty this year have uplifted JPMorgan’s view on U.S. equities. Head of global markets strategy Dubravko Lakos-Bujas raised his year-end S & P 500 price target to 6,000 from 5,200. The strategist cited an […]
Hedge Funds Accelerate Stock Purchases at Fastest Rate Since November 2024, According to Goldman Sachs
Hedge funds buy stocks at quickest pace since Nov 2024, Goldman Sachs says By Nell Mackenzie LONDON (Reuters) -Hedge funds bought global equities last week at the quickest pace since November 2024, Goldman Sachs said in a note, just as stock markets ended the month with their most positive May performance in decades. The S&P […]