Category: Investing.com
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Upgrades for Robinhood, Nike and Chipotle Mexican Grill By Investing.com
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Investing.com – Here’s a professional summary of what Wall Street analysts said over the past week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! Robin Hood What happened? On Monday, Piper Sandler upgraded Robinhood (NASDAQ:) stock to Overweight with a $23 price target. *Tilder: The…
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Oil prices no longer baking-in geopolitical risk premium for current ME conflict By Investing.com
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Oil prices have remained surprisingly stable despite rising geopolitical tensions in the Middle East, particularly in the wake of major violent incidents involving Hamas and Hezbollah leaders, Wells Fargo analysts said in a note dated Monday. These events, taking place in sensitive areas such as Tehran and Beirut, have exacerbated…
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Google vs DoJ: Who wins? By Investing.com
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As Google faces a legal battle with the U.S. Department of Justice over antitrust concerns, the outcome of the battle could reshape the tech landscape and impact the company’s future. Analysts at JMP Securities, Mizuho and Barclays have assessed the possible scenarios and their implications: Analysts at JMP Securities expect…
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Expert explains why central banks are cutting rates By Investing.com
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In the current economic climate, central banks around the world are considering or are already cutting interest rates. This decision is not without controversy, with some critics arguing that such moves may be ineffective in preventing recession or even exacerbate economic problems. However, as economists at TS Lombard have argued,…
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Soft August jobs report could sway fed to deliver supersized rate cut in September By Investing.com
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Expectations of a major interest rate cut in September had lost steam after recent economic data showed that recession fears were just hype about nothing, but with the labor market now in the driver’s seat of monetary policy, the August jobs report has the potential to revive bets on a…
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Mercari reports record-high revenue in FY’24, eyes growth By Investing.com
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Mercari, Inc. (4385.T), the popular online marketplace operator, has reported a record-high consolidated revenue and core operating profit for the fiscal year 2024. CEO Shintaro Yamada and CFO Sayaka Eda shared the company’s financial achievements and strategic outlook, highlighting a 9% year-on-year revenue growth and a core operating profit of…
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Australian dollar likely to struggle against USD: Citi By Investing.com
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Citi FX analysts provide insights into the performance of the Australian dollar against various currencies, and predict a challenging path for the Australian dollar. According to the brokerage, the recent sharp drop in the exchange rate points to a long-term ceiling that formed at just below 110 yen to the…
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Citi expects NZD to underperform amid US election uncertainty By Investing.com
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Citigroup has expressed concerns about the potential impact of the upcoming US presidential election in November on high-beta currencies, and expects the New Zealand dollar (NZD) to underperform. According to Citigroup, the financial environment is likely to see increased risk aversion as the election approaches, which traditionally does not bode…
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GeoPark reports robust Q2 financials, eyes expansion By Investing.com
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GeoPark Limited (NYSE: NYSE:) has delivered a strong financial performance in the second quarter of 2024, with significant revenue growth and a solid increase in adjusted EBITDA. The company reported a 14% increase in revenue to $190 million and a 15% rise in adjusted EBITDA to $128 million. Despite the…
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GeoPark reports robust Q2 financials, eyes expansion By Investing.com
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GeoPark Limited (NYSE: NYSE:) has delivered a strong financial performance in the second quarter of 2024, with significant revenue growth and a solid increase in adjusted EBITDA. The company reported a 14% increase in revenue to $190 million and a 15% rise in adjusted EBITDA to $128 million. Despite the…
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Dollar hands back some gains; Jackson Hole looms large By Investing.com
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Investing.com – The U.S. dollar fell on Friday, giving up some of the previous session’s big gains after strong retail sales data eased concerns about an impending recession in the United States. At 05:15 ET (09:15 GMT), the dollar index, which tracks the greenback against a basket of six other…
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steady at $58k, lags broader market recovery By Investing.com
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Bitcoin fell slightly on Friday and was set to post a middling weekly performance as crypto markets saw a lag in the recovery in equities on concerns over further token distributions by Mt Gox and an unclear regulatory outlook. The cryptocurrency was down 0.1% at $58,238.5 by 01:46 ET (05:46…
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Asia FX firms as rate cut bets pressure dollar; Japanese yen lags By Investing.com
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Most Asian currencies rose on Friday as continued bets on a U.S. interest rate cut put the dollar on track for a fourth straight week in the red, while the Japanese yen fell further amid improved risk sentiment. While the dollar rose from its lowest in nearly seven months on…
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Asian stocks rise tracking Wall St rally as recession fears ease By Investing.com
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Most Asian shares rose on Friday, tracking an overnight rally on Wall Street, as strong U.S. economic data helped ease recession fears, while bets on interest rate cuts remained intact. Wall Street indexes rose sharply on Thursday after strong retail sales data boosted optimism about the U.S. economy. Weaker inflation…
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US stock futures rise as strong data clears economic fears By Investing.com
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U.S. stock index futures rose in overnight trading on Thursday as Wall Street posted extended gains after strong retail sales and jobless claims data helped ease concerns about a slowing economy. Weak inflation data earlier in the week boosted bets that the Federal Reserve will cut interest rates in September,…
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NVE Corp director Terrence Glarner sells shares worth $27,076 By Investing.com
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According to a recent filing with the U.S. Securities and Exchange Commission, Terrence Glarner, the director of NVE Corp. (NASDAQ:NVEC), completed the sale of the company’s shares on August 15. The transaction involved the sale of 344 shares at $78.71 per share, for a total of approximately $27,076. This sale…
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Shimmick shares plunge 31% as Q2 results disappoint By Investing.com
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NEW YORK — Shares of Chemec Corporation (NASDAQ:CHEM) plunged 31% Friday after the water infrastructure company reported disappointing second-quarter results and gave weak guidance. Chemec reported a second-quarter adjusted loss of $1.60 per share, well above analysts’ expectations of $0.12 per share. Revenue was $91 million, well below the consensus…
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JPMorgn adjusts its dollar forecasts, particularly through USD/JPY By Investing.com
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Investing.com – Foreign exchange markets have seen a lot of volatility over the past few weeks, leading JPMorgan to revise its dollar forecast. July and August will go down as some of the most memorable episodes of economic and political volatility in recent history, analysts at JPMorgan Chase said in…
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2024 looks reminiscent of 1970 and 2001 recession years: Piper Sandler By Investing.com
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According to a recent analysis by Piper Sandler, the economic landscape in 2024 bears striking similarities to the recessions of 1970 and 2001, with some critical differences that could lead to a sharper slowdown. Analysts draw parallels between the current environment and those of previous recessions, pointing to “the big…