Category: Investing.com
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Dollar pressured lower amid hedge fund selling By Investing.com
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Investing.com – The U.S. dollar has been broadly sold off, according to analysts at Bank of America, and further losses remain possible. “Our own flows show broad-based selling of the US dollar so far in August, particularly by hedge funds and corporates,” Bank of America analysts said in an Aug.…
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Dollar pressured lower amid hedge fund selling By Investing.com
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Investing.com – The U.S. dollar has been broadly sold off, according to analysts at Bank of America, and further losses remain possible. “Our own flows show broad-based selling of the US dollar so far in August, particularly by hedge funds and corporates,” Bank of America analysts said in an Aug.…
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Palo Alto Networks target raised by Oppenheimer on strong FY24 By Investing.com
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Oppenheimer saw its price target on Palo Alto Networks (NASDAQ:NASDAQ:) increase from $390.00 to $410.00, while the company maintained an outperform rating on the stock. This adjustment comes after Palo Alto Networks delivered a strong performance at the end of its fiscal 2024, beating estimates with strong platform sales. Palo…
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Are investors safe as VIX retraces at record pace? By Investing.com
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While the dollar is falling at a record pace, Bank of America said in a note on Tuesday that investors may be inclined to breathe a sigh of relief. However, the bank questioned whether the path was really clear yet. After a spike in volatility on August 5, the VIX…
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BofA notes more balanced G10 FX positioning, flags risks By Investing.com
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Bank of America (BofA) provided insights into the current state of G10 FX positions, noting that they are more balanced than at the end of Q2. However, the bank also highlighted some continued weaknesses, particularly in hedge funds’ long positions in US dollars. According to Bank of America, demand for…
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Remark Holdings Q2 2024 financial results show progress By Investing.com
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Remark Holdings, Inc. (MARK), a global technology company, reported its financial results for the second quarter of 2024, highlighting a significant contract win with the Clark County School District and an optimistic outlook on future opportunities. The company is transitioning its revenue base from Asia to the U.S., citing political…
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Remark Holdings Q2 2024 financial results show progress By Investing.com
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Remark Holdings, Inc. (MARK), a global technology company, reported its financial results for the second quarter of 2024, highlighting a significant contract win with the Clark County School District and an optimistic outlook on future opportunities. The company is transitioning its revenue base from Asia to the U.S., citing political…
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Asia FX muted, dollar at 7-mth low with rate cuts in focus By Investing.com
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Most Asian currencies rose on Tuesday, while the dollar held at its lowest level in more than seven months amid growing conviction that the Federal Reserve will cut interest rates in September. The dollar’s weakness comes just days before Federal Reserve Chairman Jerome Powell speaks at the Jackson Hole symposium…
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Applied Industrial Technologies maintains $235 target amid sales dip By Investing.com
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On Monday, Applied Industrial Technologies (NYSE:AIT) maintained its Outperform rating and $235.00 price target from Oppenheimer. The firm noted that while Applied Industrial Technologies saw a slight decline in sales, the company’s margins remained strong in the fourth quarter of fiscal 2024. This was attributed to a combination of unbalanced…
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Bearish dollar momentum building; sterling hits one-month high By Investing.com
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Investing.com – The U.S. dollar fell on Monday ahead of the release of minutes from the Federal Reserve’s July policy meeting and Fed Chairman Jerome Powell’s upcoming speech in Jackson Hole later this week. At 05:40 ET (09:40 GMT), the dollar index, which tracks the greenback against a basket of…
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US stocks edge higher; cautious trading ahead of Jackson Hole, Fed minutes By Investing.com
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U.S. stocks rose on Monday, steadying after last week’s strong gains, as investors awaited minutes from the Federal Reserve’s latest policy meeting, as well as the central bank’s Jackson Hole symposium, for clues on future monetary policy. By 09:35 ET (13:35 GMT), the index was up about 90 points, or…
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EF Hutton maintains stock target on GeoVax amid Mpox outbreak By Investing.com
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On Monday, EF Hutton reiterated its buy rating on shares of GeoVax Labs Inc. (NASDAQ:NASDAQ:) with a hold price target of $18.00. The company’s endorsement comes as GeoVax is actively developing the Modified Vaccinia Ankara (MVA) vaccine to combat the outbreak of smallpox virus type 1 in the Democratic Republic…
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Couche-Tard makes preliminary takeover bid for Japan’s Seven & i By Investing.com
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Investing.com – Canadian Retail Giant Alimentation Coach Tard Company The Toronto Stock Exchange (TSX:) said it has made an initial offer to buy Japan’s Seven & i Holdings (TYO:), owner of the 7-Eleven chain, on Monday. Seven & I Holdings said in a statement that the company received a confidential,…
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Plus500 reports strong Q2, forecasts above expectations By Investing.com
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Shares of Plus500 (LON:) rose today after the company posted a bullish outlook for its full-year results, suggesting it expects to beat market expectations. At 4:22 a.m. (0822 GMT), Plus500 shares were up 4.4% at £2,538. “Expectations are up again, which suggests a strong management team with high confidence in…
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Why focusing on secular growth trends can make sense By Investing.com
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In an increasingly complex and interconnected global economy, traditional investment strategies focused on benchmarks and indices are being challenged by more dynamic approaches that emphasize secular growth trends. Analysts at UBS Global Research point out that thematic equity investing, which eschews the traditional benchmark-based model in favor of focusing on…
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Assessing the impact of Japan PM Kishida’s resignation on markets By Investing.com
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Prime Minister Fumio Kishida’s decision not to run for Liberal Democratic Party leadership in the upcoming party election and step down from his post next month has sparked some speculation about its potential impact on the stock market. According to UBS analysts, the immediate market reaction is expected to be…
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Updated 2024 outlook for copper stocks following a pullback By Investing.com
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Copper stocks have been under pressure in recent months, driven by a 16% drop in prices from record highs in May. Despite this correction, RBC Capital Markets analysts believe copper could find a floor near its current levels, at around $4.00 per pound. Analysts point out that while global economic…
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Strategists explain why falling inflation won’t help stocks anymore By Investing.com
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The stock market posted a mix of gains and losses during Wednesday’s session as investors examined the latest consumer price index (CPI) data, according to a Sevens report. Ultimately, the index edged up slightly to close with a modest gain of 0.38%. The day started on an upbeat note as…
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ING looks at three scenarios for markets By Investing.com
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As the 2024 US presidential election approaches, ING has conducted an analysis outlining three possible scenarios and their impact on financial markets. These scenarios explore the outcomes of different political configurations and their impact on domestic and foreign policies, trade, and the broader macroeconomic landscape. 1. Trump’s comprehensive victory In…
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Uranium prices outlook for 2024 as per Citi By Investing.com
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Prices have been under pressure recently, trading in a tight range and slightly lower due to limited trading volume and liquidity. However, as analysts at Citi Research noted in a note dated Monday, this weakness in uranium prices is expected to ease as demand for nuclear power continues to rise,…