Category: stock
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US stock index futures flat with CPI data in focus By Investing.com
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Investing.com — U.S. stock index futures were slightly lower in overnight trade on Wednesday, as investors braced for key consumer inflation data likely to weigh on interest rate expectations. Futures settled after a positive session on Wall Street, with the Dow Jones hitting record highs after minutes from the Federal…
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US stock gains after Fed minutes By Investing.com
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Investing.com – US stocks rose on Wednesday, as investors continued to digest clues about interest rates from the Federal Reserve. At 3:24 PM EST (19:24 GMT), the stock was up 409 points, or 1%, gained 0.6%, and added 0.5%. Fed meeting minutes show a majority of members support the deep…
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BCG stock touches 52-week low at $2.55 amid market challenges By Investing.com
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In a challenging market environment, BCG stock hit a 52-week low, with shares falling to $2.55. This significant downturn reflects a broader trend of investor caution, as the company grapples with industry-specific hurdles and macroeconomic headwinds. Over the past year, BCG’s parent company, Kingswood Acquisition, has seen its shares decline…
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B. Riley bullish on Sound Point stock, highlights CLO arbitrage potential By Investing.com
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On Wednesday, Sound Point Meridian Capital (NYSE: SPMC) stock received a new Buy rating from analyst B.Riley, accompanied by a $22.50 price target. The analyst highlighted the company’s position within a new segment of closed-end funds focused on cash flow arbitrage from CLO stocks, which are known for generating unleveraged…
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US stock futures muted as rate uncertainty builds; inflation awaited By Investing.com
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Investing.com — U.S. stock index futures were lower in overnight trading Monday after a bumper jobs report raised doubts about the Federal Reserve’s plans to cut interest rates sharply. These uncertainties have been heightened by the anticipation of key inflation data due later in the week, with any signs of…
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Occidental Petroleum Corporatio (OXY) Stock Forecasts
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summary Small investors seem to like what they see and have proven this by relying more heavily on call options versus put options. The CBOE’s five-day equity-only call/call (P/C) ratio fell to 0.51 at the end of September, the lowest reading since July 2023 when it fell to 0.48. That…
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Earnings season could be a stock picker’s paradise: BofA By Investing.com
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Investing.com – Bank of America said in a recent note that the upcoming earnings season could be a “stock picker’s paradise.” According to strategists at Bank of America, while market returns were largely driven by multiples in 2022-23, earnings are starting to play a more significant role in 2024, accounting…
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A GE spinoff’s stock is surging as it positions itself as the ‘supermarket’ for AI energy demand
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The massive demand for energy as big tech companies race to build out their AI infrastructure has been a tailwind for GE Vernova (GEV), the energy equipment maker that spun off the iconic GE earlier this year. Shares of the Cambridge, Massachusetts-based company have been hovering near all-time highs, along…
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Nvidia stock jumps after CEO Jensen Huang says ‘demand for Blackwell is insane’
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Justin Sullivan/Getty Nvidia shares rose as much as 5% on Thursday after CEO Jensen Huang cited strong demand for its Blackwell GPU. Huang confirmed that Blackwell’s chips are in full production despite previous delays in the redesign. Nvidia aims to improve GPU performance annually, which impacts customer revenue and costs.…
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PPIH stock soars to 52-week high, touches $13.49 By Investing.com
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In a remarkable display of market confidence, shares of Perma-Pipe International Holdings, Inc. rose. (PPIH) reached a 52-week high, reaching a price level of $13.49. This peak reflects significant upside for the company, known for its pre-insulated piping and leak detection systems. While PPIH is celebrating this milestone, another stock,…
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Nvidia stock rises as CEO Jensen Huang touts ‘insane’ chip demand
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Nvidia (NVDA) stock jumped as much as 5% on Thursday as CEO Jensen Huang said demand for next-generation Blackwell chips was “insane.” In an interview with CNBC on Wednesday after the market closed, Huang confirmed that the chips are in “full production” despite recent design issues that have caused some…
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Buffett’s Berkshire sells $338 mln in Bank of America stock as sales slow down By Investing.com
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Investing.com – Warren Buffett Berkshire Hathaway (NYSE:) Inc. (NYSE:) has been gradually reducing its stake in Bank of America Corp (NYSE:) since mid-July, with the latest sales reflecting a slowing pace. Berkshire this week sold $338 million worth of stock, according to a Securities and Exchange Commission filing on Wednesday,…
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Faraday Future Announces Executives’ Common Stock Purchases By Investing.com
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LOS ANGELES–( BUSINESS WIRE )– Faraday Future Intelligent Electric (Nasdaq: FFIE) (FF, or Faraday Future), a global ecosystem company in electric intelligent mobility, today announced The California-based joint venture announced that its global CEO, Matthias Aidt, and FF’s founder and chief product and user officer, Y.T. Jia, purchased the company’s…
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Tesla Q3 deliveries could drive ‘further strength’ in the stock
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Tesla (TSLA) is set to make third-quarter deliveries as early as Wednesday, an outcome that could push the stock beyond the recent strong gains it has already seen. Wall Street expects Tesla to deliver about 461,000 electric vehicles globally in the third quarter, with annual deliveries estimated at 1.79 million,…
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Clorox stock upgraded by Jefferies as topline growth improves By Investing.com
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On Tuesday, Jefferies upgraded Clorox (NYSE:) stock to buy from hold, setting a new price target of $187, up from the previous price of $174. The company highlighted the positive outlook for the company’s future performance, anticipating a return to historical levels of growth and profitability. Clorox, known for its…