Category: Investing.com
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Clearwater Analytics Study Reveals 55% of Institutional Investors Set to Boost Their Alternative Investments By Investing.com
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New research reveals key trends, opportunities and challenges facing Institutional investors In alternative investments Boise, Idaho, May 30, 2024 /PRNewswire/ — Clearwater Analytics CWAN (NYSE: CWAN), a leading global provider of SaaS-based investment management, accounting, reporting and analytics solutions, today announced the release of its 2024 State of Alternatives study.…
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Datadog lifted to Buy at Bank of America as it establishes itself as the ‘next high quality large cap stock’ By Investing.com
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Bank of America on Thursday announced the upgrade of Datadog, Inc. (NASDAQ:) to Buy from Neutral, with an increased target price of $155, from the previous price of $143. The company cited Datadog’s strong performance and potential growth opportunities, saying it is “establishing itself as the next great quality stock.”…
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Amazon adds Grubhub food delivery service to Prime membership program By Investing.com
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Amazon (NASDAQ:) is improving its Prime membership perks by offering free Grubhub subscriptions to its members, a move aimed at adding more value to its $139-a-year loyalty program. Previously, Prime members got a year-long subscription to Grubhub, which included free delivery on orders over $12. The new deal, announced Thursday,…
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UBS lowers EUR/CHF target to 0.96 amid expected ECB rate cuts By Investing.com
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UBS has revised its forecasts for the currency pair, indicating a bearish outlook in the short term. The financial services company revised its March 2022 target for the euro to Swiss franc exchange rate to 0.96, down from the previous 0.97. In addition, UBS presented a new forecast for June…
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Carvana Co. insider sells over $12.9 million in company stock By Investing.com
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In a recent deal, an insider… Mobile home (NYSE:), the online auto retailer, sold a significant amount of company stock, for a total value of more than $12.9 million. The transactions took place on two separate dates, at prices ranging from $104.0263 to $112.7355 per share. The insider, identified as…
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UBS sees limited EUR/USD breakout potential above 1.10 by 2025 By Investing.com
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UBS has provided a forecast for the currency pair, suggesting that it may test the lower end of the current 1.05-1.10 range in the coming months. The company’s analysts expect the pair to move towards 1.05-1.07 after the euro’s recent rise, as the European Central Bank (ECB) is expected to…
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Dow closes lower on rising yields, plunge in American Airlines By Investing.com
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Investing.com — The Dow Jones closed sharply lower on Wednesday, driven by higher Treasury yields and weaker industries as airline stocks fell sharply on concerns about demand after American Airlines Inc. cut its second-quarter earnings guidance. At 16:00 EDT (20:00 GMT), it was down 411 points or 1.1%, down 0.8%,…
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UBS sees Swiss franc on backfoot, predicts Fed rate cuts By Investing.com
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UBS has released a report analyzing the impact of the unexpected interest rate cut by the Swiss National Bank (SNB) in March on currency markets. The SNB’s early action, before other major central banks, sparked a wave of carry trades, leading to a significant weakness in the value of the…
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Dick’s Sporting Goods stock surges on raised outlook, Bank of America upgrades to Buy By Investing.com
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(Updated – May 29, 2024 at 9:59 AM EST) Dick’s Sporting Goods (NYSE:) stock jumped more than 15% on Wednesday after the company reported a strong first quarter with earnings and revenue topping analysts’ expectations, prompting the company to raise its full-year guidance. The sporting goods retailer reported adjusted EPS…
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JPMorgan shares their 2024 outlook By Investing.com
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As we head into the second half of 2024, investors are keenly looking to currency movements for indications of how the forex market will shape up over the next few months. In this context, JP Morgan issued its forecasts for the US dollar. The bank’s analysis addresses various economic forces…
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NexPoint Residential Trust PT Lowered to $34 at Truist Securities By Investing.com
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Analysts at Truist Securities lowered their price target on NexPoint Residential Trust (NYSE:) stock to $34.00 (from $35.00) while maintaining a Hold rating. Analysts commented: “We raised our 2024 NFFO estimates slightly, lowered our 2025 estimates, and lowered PT by $1 to $34 (was $35). We believe our Sunbelt-focused peers…
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Paytm shares surge, hit 5% upper circuit amid Adani stake speculation By Investing.com
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Investing.com — Shares of Paytm rose sharply during the market open on Wednesday, hitting an upper circuit amid speculation that Gautam Adani, chairman of the Adani Group, was looking to acquire a stake in the fintech company. One 97 communications Ltd (NS:), which owns and operates Paytm, jumped 5% to…
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Dollar slips lower ahead of core PCE release; euro gains By Investing.com
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Investing.com – The US dollar fell in early European trade on Tuesday amid a slight rise in risk sentiment, but traded in narrow ranges ahead of key inflation data. At 04:25 EDT (08:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down…
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BofA sees trend followers likely to sell USD this week By Investing.com
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Bank of America (BofA) has released a report predicting that commodity trading advisors (CTAs), known as trend followers, are expected to sell the US dollar (USD) in large quantities this week. The report notes that these traders are likely to buy the European Euro (EUR), British Pound (GBP), Australian Dollar…
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Veru Inc. executive acquires $5,000 in company stock By Investing.com
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In a recent deal, Harry Fish, CEO of Veru Inc. (NASDAQ:), a pharmaceutical company, purchased additional shares in the company. On May 24, Fisch acquired 4,000 shares of Veru Inc. common stock. At $1.25 per share, for a total investment of $5,000. This transaction increased Fish’s direct holdings to 774,736…
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Apple’s rising growth amid China’s smartphone boom By Investing.com
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Investing.com – Analysts at Evercore Partners Inc (NYSE:) recently provided a detailed look at the performance of the Chinese smartphone market, highlighting the second straight month of accelerating shipments. According to the analysis, the market saw a significant year-on-year increase of nearly 29% in April, a notable improvement compared to…
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‘We believe 160 is toppish for USD/JPY’: UBS By Investing.com
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UBS sees a potential shift in the currency pair’s trajectory. Analysts at UBS suggest that the Japanese yen, which has been suffering significant weakness, may be on its way to reversing. These expectations are based on the growing concerns of Japanese policymakers and companies about the negative effects of the…
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BofA sees dollar weakness amid negative US data, China optimism By Investing.com
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Bank of America (BofA) highlighted several factors contributing to potential headwinds for the US Dollar (USD). The bank pointed to recent negative surprises in US economic data and growing positive sentiment towards the Chinese economy as key drivers behind the US dollar’s challenges. Furthermore, Bank of America noted the currency’s…
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BayFirst Financial’s president buys $5.9k in company stock By Investing.com
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In a recent transaction dated May 24, Oliver Robin Lee, president and chief operating officer of BayFirst Financial Corp. (NASDAQ:BAFN), purchased 500 shares of the company’s common stock, investing a total of $5,896. The stock price for this acquisition was $11.7925. This purchase by a key executive is a noteworthy…