Category: Investing.com
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Morgan Stanley’s deep dive on AI’s rate of change By Investing.com
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In a recent report, Morgan Stanley addressed the rapidly evolving landscape of AI integration and its impact on various sectors. This comprehensive study, an update from our Q4 2023 survey, notes shifts in AI exposure and relative importance across a broad range of stocks, and provides a detailed map of…
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These are the S&P 500 historical returns during election years By Investing.com
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According to analysts, election years can be a time for strong returns in the stock market, as the S&P 500 has historically averaged 10% to 20% return since 1928. Interestingly, the third year of a president’s term appears to be the sweet spot, with analysts citing an average return of…
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Citi Research Delivers Insight on Post-Election Market Sentiment By Investing.com
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The recent election results in India, contrary to poll expectations, have sparked market dynamics, leading to increased volatility and a potential shift in risk perception. Below is a breakdown of Citi Research’s analysis and initial reflections on the implications: 1. Rating Volatility: Variability between polls and actual results may lead…
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Citi Research on India’s Rates and FX By Investing.com
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India’s unexpected election results have created a degree of political uncertainty, which may impact market sentiment in the short term. However, Citi Research stresses that this development is not significant enough to warrant immediate changes in its macroeconomic forecasts for growth and inflation. The Reserve Bank of India’s (RBI) Monetary…
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What will the Fed do after hotter-than-expected jobs report? By Investing.com
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The US job market is still hot. The non-farm payrolls report, released on Friday, showed 272,000 jobs added in May, crushing analysts’ estimates. This divergence from consensus is likely to have a significant impact on the Fed. This rise indicates continued momentum in the labor market. As a result, the…
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Why is the fiscal impulse fading despite ‘unsustainable’ deficits? BofA discusses By Investing.com
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In a note issued earlier in the week, economists at Bank of America explored why fiscal impetus has faded despite persistently large deficits. The bank’s latest US weekly economic review noted that the slowdown in private and public investment in the first quarter of 2024 indicates that the significant fiscal…
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Dollar surge unlikely to mark end of recent weakness ahead of Fed decision: MUFG By Investing.com
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Investing.com — It jumped on Friday to a weekly win, as a strong jobs report cooled bets on a Fed rate cut in September, but that is unlikely to mark a major reversal in the dollar’s bumpy ride lower unless it signals… The Fed points out that it is not.…
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Texas community bancshares COO sells shares worth over $27,000 By Investing.com
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Texas Community Bancshares, Inc. reported (NASDAQ:TCBS) announced a notable transaction by a key executive. The Company’s Senior Vice President and Chief Executive Officer, Strange Haskell, sold 1,900 shares of common stock on June 6, 2024, for a total value of $27,170, at a price of $14.30 per share. The deal…
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Vail Resorts shares target cut by Truist on revised EBITDA forecast By Investing.com
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On Friday, Truist Securities revised its outlook on Vail Resorts (NYSE:) stock, lowering its price target to $250 from $265 previously while maintaining a Buy rating on the stock. The review follows the company’s third-quarter results, which resulted in a change in the company’s forecast for the resort operator’s future…
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Dollar flat ahead of key payrolls report; euro steady after ECB cut By Investing.com
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Investing.com – The US dollar traded largely unchanged in early European trade on Friday, as traders awaited the release of key US employment data, while the euro stabilized after a historic interest rate cut by the European Central Bank. At 05:00 EST (09:00 GMT), the dollar index, which tracks the…
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Asia FX muted, dollar nurses weekly losses with nonfarm payrolls in focus By Investing.com
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Investing.com — Most Asian currencies moved little on Friday in anticipation of key U.S. jobs data due later in the day, although rising expectations for interest rate cuts had the dollar heading toward a weekly loss. Sentiment towards risk-driven assets improved this week following interest rate cuts from . But…
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Meituan outlines robust Q1 growth with revenue up 75% By Investing.com
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Meituan (3690.HK), the Chinese e-commerce platform specializing in local food delivery, reported a strong start to 2024 with significant year-over-year growth in revenue and profits in the first quarter. The company’s total revenue surged by 75% to RMB 73.3 billion, while adjusted net profit increased by 36.4% to RMB 7.5…
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Dollar steadies, euro edges higher ahead of key ECB meeting By Investing.com
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Investing.com – The US dollar was steady in early European trade on Thursday, while the euro rose ahead of the European Central Bank’s latest policy-setting meeting. At 04:00 EST (09:00 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose slightly to 104.265.…
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Loop Capital bullish on Alibaba shares, cites revaluation optimism By Investing.com
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On Thursday, Loop Capital revised its forecasts for… Ali Baba (NYSE:) Group Holding Limited (NYSE:BABA) shares, increasing their price target for the company to $115 from $111, while reaffirming a Buy rating on the stock. The company’s analyst highlighted Alibaba’s potential for a positive valuation turnaround, after a long period…
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Nvidia, Lululemon, Carvana rise premarket; Five Below, Victoria’s Secret fall By Investing.com
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Investing.com – US stocks traded in tight ranges on Thursday ahead of the release of initial weekly jobless claims data, and ahead of the key non-farm payrolls report on Friday. Here are some of the biggest movers of US stocks in the pre-market today: Nvidia (NASDAQ:) stock rose 1.7%, extending…
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BoC rate cut likely to be followed by more in 2H24 By Investing.com
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Investing.com – The Bank of Canada (BoC) on Wednesday cut interest rates by 25 basis points. The impact on the Canadian dollar was minimal and brief, which ING analysts attribute to market expectations of a 20 basis point cut before the announcement. The Bank of Canada emphasized its data-driven approach…
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Asia FX advances as rate cut bets put dollar near 2-mth low By Investing.com
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Investing.com — Most Asian currencies rose on Thursday, tracking dollar weakness as soft employment data continued to flow, raising bets that the Federal Reserve will start cutting interest rates in the coming months. The US currency hovered just above its lowest level in two months, and remained weak as expectations…
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Hagerty director Kauffman sells shares worth over $260k By Investing.com
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In a recent move, Robert I. Kaufman, Director of Hagerty, Inc. (NYSE:HGTY), an insurance brokerage firm, sold a notable number of shares in the company. Over the course of three days, Kaufman disposed of a total of 26,780 shares, resulting in proceeds of more than $260,000. The transactions, which took…
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Hagerty director Kauffman sells shares worth over $260k By Investing.com
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In a recent move, Robert I. Kaufman, Director of Hagerty, Inc. (NYSE:HGTY), an insurance brokerage firm, sold a notable number of shares in the company. Over the course of three days, Kaufman disposed of a total of 26,780 shares, resulting in proceeds of more than $260,000. The transactions, which took…
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Equinix expected to benefit from Gen-AI in long term; Citi keeps stock buy-rated By Investing.com
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On Wednesday, Citi reiterated a Buy rating on shares of Equinix (NASDAQ:), with a price target of $1,020.00. The company’s positive position is based on Equinix’s ability to benefit from the ongoing digital transformation of the economy. Equinix’s management, including CFO Keith Taylor and Senior Director of Investor Relations Chip…