Category: Investing.com
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One last blow-off rally in cyclicals is plausible By Investing.com
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BCA Research believes there is potential for a “recent surge in cyclical stocks,” with the US manufacturing cycle following a surprisingly stable pattern for more than seven decades. “History suggests that this cycle tends to last for approximately 36 months, with the lower leg extending for 18 months, followed by…
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UBS sees potential for Swedish krona volatility amid rate cuts By Investing.com
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UBS provided an analysis of the Swedish krona’s performance, suggesting a weakening position against the euro since May, with the pair returning to levels seen the previous year, despite the Riksbank’s efforts to support the currency last September. The bank expects the EUR/SEK pair to rise in the near term…
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JPMorgan recommends defensive, commodity stocks ahead of rate cuts By Investing.com
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Strategists at JP Morgan believe investors should consider a shift toward defensive stocks and commodity stocks in anticipation of upcoming interest rate cuts by central banks. Historically, defenses have suffered when bond yields have been rising, but that phase may be ending, the Wall Street giant notes. Now, during the…
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Alibaba Health surges 13% on strong FY earnings By Investing.com
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Investing.com–Stocks Ali Baba Health IT (HK:) rose sharply on Tuesday after the company reported a sharp jump in its annual profits thanks to improving margins and strong demand for healthcare services and pharmaceuticals on its platforms. The company, which was acquired by e-commerce giant Alibaba Group (HK:) (NYSE:) in 2014,…
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Aurobindo Pharma Outperforms Expectations with Strong Q4, Eyes Robust Growth Ahead By Investing.com
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Aurobindo Pharma (NS:) outperformed expectations in 4QFY24, with both sales and EBITDA showing significant year-on-year growth. Sales rose 17%, while EBITDA rose an impressive 68%, beating Goldman Sachs (NYSE:) expectations and those of the broader market. This strong performance was driven by strong growth in key geographic markets, both developed…
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US stock futures inch higher in slim trade as PCE data approaches By Investing.com
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Investing.com — U.S. stock index futures rose slightly in overnight trading Monday, with the focus largely on more signals on interest rates from key inflation data due later in the week. Memorial Day weekend kept trading volumes minimal. But trading volumes are expected to rise this week with a barrage…
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Dollar holds steady as markets eye U.S. inflation test later in the week By Investing.com
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Investing.com – European and Asian currencies were mostly lower on Monday, while the dollar settled in weak trading, as markets await more signals on US interest rates from key inflation data later in the week. Market holidays in the US and UK kept trading volumes limited. Most regional currencies suffered…
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™E Pharma Announces Convocation of the 2024 Annual General Meeting of Shareholders By Investing.com
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BERLIN–( BUSINESS WIRE )– Regulatory News: E Pharma NV™ (Euronext Growth Paris: AL™E) (Paris: AL™E), The biotechnology company, which is focused on developing novel therapies to treat cancer by targeting the tumor microenvironment (™), today announced that the company’s Annual General Meeting (AGM) will be held at 01.30pm CEST on…
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US stock futures inch lower, PCE inflation test looms this week By Investing.com
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Investing.com — U.S. stock index futures fell slightly in overnight trading on Sunday after concerns over higher interest rates led to volatile trading on Wall Street, with focus this week shifting to headline personal consumption expenditures inflation data for further signs of a… interest rates. Trading volumes were weak ahead…
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This indicator suggests the S&P 500 could hit 5800 by end of 2024 By Investing.com
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The index has risen more than 11% year to date with major Wall Street brokerages raising their price targets in recent days. Historical data shows that when the S&P 500 sees an increase of 10% or more during the first 100 days of the year, it tends to continue rising.…
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Israel stocks higher at close of trade; TA 35 up 0.25% By Investing.com
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Investing.com – Israeli stocks rose after the close on Sunday, as gains in the stock sector pushed shares higher. At the close in Tel Aviv, it rose by 0.25%. The best performers of the session were big Shopping Centers Limited (TASE:) stock rose by 2.88%, or 1,050.00 points, and its…
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Upgrades for Micron, Magnite and GoodRx Holdings By Investing.com
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Investing.com – Here’s a professional summary of Wall Street analysts’ biggest takeaways over the past week: Micron, Magnite, GoodRx Holdings upgrades; Reduced his health. InvestingPro subscribers always get the first guess on rating changes that move the market. Micron What happened? On Monday, Morgan Stanley upgraded Micron (NASDAQ:) to Equal…
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Upgrades for Micron, Magnite and GoodRx Holdings By Investing.com
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Investing.com – Here’s a professional summary of Wall Street analysts’ biggest takeaways over the past week: Micron, Magnite, GoodRx Holdings upgrades; Reduced his health. InvestingPro subscribers always get the first guess on rating changes that move the market. Micron What happened? On Monday, Morgan Stanley upgraded Micron (NASDAQ:) to Equal…
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SuperMicro Computer, MicroStrategy set to join Russell 1000 By Investing.com
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The Russell 1000, the stock market index that tracks the top 1,000 stocks in the Russell 3000, is set to welcome 38 new members. Among the companies moving out of the index, which tracks small-cap companies, are notable names such as Super Micro Computer (NASDAQ:), MicroStrategy, and Carvana. These additions…
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Hedge funds sell US stocks at fastest rate since January By Investing.com
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Hedge funds sold off US stocks at a rate not seen since early January, marking a major shift in investment behavior after five straight weeks of net buying. This change in momentum was highlighted in a report from prime brokerage Goldman Sachs, which noted that the sell-off is in line…
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US asset prices are rising despite falling money supply By Investing.com
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Gavical Research experts highlighted the unusual trend of rising US asset prices despite the contraction of the money supply, which is a deviation from the typical correlation where excessive growth in the money supply leads to an increase in asset prices. While the traditional link showed signs of weakness, US…
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A strong first 100 days suggests a strong rest of the year for the S&P 500 By Investing.com
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A strong first 100 days for the S&P 500 set the stage for the rest of the bull year, analysts at Bank of America Securities said in a note Friday. According to the bank’s research, when the S&P 500 rises 10%+ in the first 100 days, the rest of the…
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Sterling holds steady amid UK election announcement By Investing.com
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Investing.com – On Tuesday, UK Prime Minister Rishi Sunak surprised political observers by announcing that the UK general election would be held on July 4, a deviation from the widely expected fall schedule. Despite this unexpected development, the British pound saw little impact, with two-month implied volatility showing a modest…
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Sterling holds steady amid UK election announcement By Investing.com
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Investing.com – On Tuesday, UK Prime Minister Rishi Sunak surprised political observers by announcing that the UK general election would be held on July 4, a deviation from the widely expected fall schedule. Despite this unexpected development, the British pound saw little impact, with two-month implied volatility showing a modest…
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Analysts sees upside for EUR/GBP amid weak UK retail sales By Investing.com
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Analysts at ING said that the currency pair appears undervalued, after UK retail sales data came in below expectations. The report released today showed a 2.7% year-on-year decline in core retail sales for April, with the underlying figure, excluding motor fuels, down 2.0%. Furthermore, March sales data was revised downward.…