Category: stock
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Stock Rotation Hits Megacaps on Bets Fed Will Cut: Markets Wrap
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(Bloomberg) — Wall Street traders betting the Federal Reserve will be able to cut rates soon sent bond yields tumbling — while driving a big rotation out of the tech megacaps that have powered the bull market in stocks. Most Read from Bloomberg Further signs that inflation is slowing down…
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Stock market today: Asian shares zoom higher, with Nikkei over 42,000 after Wall St sets new records
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Breadcrumbs Path Links PMN Business Article author: Associated Press Ellen Kurtenbach Published on July 11, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content Asian stocks advanced on Thursday after a big rally…
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These 3 overlooked areas of the stock market have ‘coiled spring’ upside, JPMorgan says
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iStock; Rebecca Zisser / P JPMorgan Asset Management says there are unrealized gains in three underbought areas of the stock market. These sectors include semiconductors, rail and parcels, and home improvement, according to the company. These investments could be great additions to a portfolio as earnings growth in AI stocks…
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Tesla stock notches 10th consecutive day of gains as investors eye growth potential
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Tesla (TSLA) stock closed up about 4% on Tuesday, posting gains for the 10th straight day. The positive moves mean Tesla has erased all of its losses since the start of the year, with the stock up about 5% year-to-date. Shares are up about 75% since hitting a 52-week low…
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ReShape stock gains on all-stock merger deal (NASDAQ:RSLS)
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Maxim Labkowski ReShape Lifesciences Inc. SharesNASDAQ:RSLSShares of Philips Medical Devices Inc. rose in early trading Tuesday after the medical device maker reached a merger agreement to combine with specialty drugmaker Vyome Therapeutics in an all-stock deal. Under the terms of the deal, ReShape (RSLS) is currentlyShareholders will own approximately 11.1%…
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ReShape stock gains on all-stock merger deal (NASDAQ:RSLS)
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Maxim Labkowski ReShape Lifesciences Inc. SharesNASDAQ:RSLSShares of Philips Medical Devices Inc. rose in early trading Tuesday after the medical device maker reached a merger agreement to combine with specialty drugmaker Vyome Therapeutics in an all-stock deal. Under the terms of the deal, ReShape (RSLS) is currentlyShareholders will own approximately 11.1%…
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Australia’s Largest Stock Exchange Approves It’s Second Bitcoin ETF
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The Australian Securities Exchange (ASX), Australia’s leading stock exchange, has approved the listing of the second Bitcoin exchange-traded fund (ETF) on its platform. BREAKING: ?? Australia’s largest stock exchange has approved its second offering #Bitcoin Exchange traded fund. pic.twitter.com/SY5vIGEm4a — Bitcoin Magazine (@BitcoinMagazine) July 9, 2024 On July 9, the…
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Why Intel Stock Surged Today
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Intel Corporation (NASDAQ: INTC) Stocks rose in trading on Monday. Semiconductor CompanyAramex shares ended the session up 6.2%, according to data from S&P Global Market Intelligence. Intel shares rose today on positive coverage from an analyst. The chip giant’s stock price also got a boost from excitement surrounding upcoming processors…
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European stock traders go home with mixed results
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European traders are heading out of the markets with mixed results on major stock indices. The French CAC was the worst performer, down -0.63%, after the election results ended in a political deadlock. Neither the right nor the left are likely to form a coalition government. Investors are not very…
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Gilead Sciences stock upgraded by Raymond James on strong growth outlook for new drugs By Investing.com
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On Monday, Raymond James changed its stance on Gilead Sciences Inc. (NASDAQ:GIL) stock, upgrading it from “market perform” to “outperform.” The firm also set a $93.00 price target for the biopharmaceutical company. This update is bolstered by promising data from the PURPOSE-1 study of lenacapavir, a long-acting HIV pre-exposure prophylaxis…
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US stock futures edge lower with Powell testimony, CPI data on tap By Investing.com
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U.S. stock index futures were slightly lower in overnight trading on Sunday as investors looked ahead to Federal Reserve Chairman Jerome Powell’s testimony and key inflation data for more cues on interest rates this week. Futures were steady after Wall Street surged to record highs on Friday as weaker-than-expected data…
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SA Asks: What’s a good alternative stock to Nvidia? (NASDAQ:NVDA)
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David Baker/Getty Images News Nvidia (NASDAQ: NVDAIntel shares are up 154% this year, driven largely by insatiable demand for its graphics processing unit (GPU) chips amid the rise of artificial intelligence technology. But Nvidia isn’t necessarily the only way to take advantage of the chip. It is this food frenzy…
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Jeff Bezos to divest $5bn of Amazon shares after stock reaches record high
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Amazon.com Inc. founder and CEO Jeff Bezos is set to sell about $5 billion worth of shares in the e-commerce giant, according to a regulatory filing disclosed after market hours on Tuesday. The announcement comes after Amazon stock hit an all-time high of $200.43 during the trading session. The proposed…
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This Stock Beat Nvidia in the First Half. Can It Do It Again?
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Nvidia (NASDAQ: NVDA) The company added to its first-half earnings, gaining about 150% after already rising 1,300% over the past five years. The company dominates the AI chip market, with an 80% share, and sells a variety of related products and services to companies launching AI projects. That has driven…
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Tech giants rally: A snapshot of today’s vibrant stock market
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Stock Heat Map from FinViz.com Friday, July 05, 2024 13:46:14 GMT Market Overview Today’s stock market map reveals a dynamic trading landscape, with big tech companies like AMD and Google leading the way amid mixed sector trends. The map highlights key moves that provide an indication of investor sentiment and…
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Meme stock speculation propels Koss shares 25% higher on Friday By Reuters
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By Susan McGee (Reuters) – Shares of headphone maker Koss Corp rose for a second straight session on Friday to close at $13.35 after trading as high as $18.50 earlier in the day, as social media posts speculated that a post by stock influencer Keith Gill signaled his interest in…
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The stage is set for 2 rate cuts this year, but investors need to be careful adding more exposure to the stock market, JPMorgan strategy chief says
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In this photo taken on May 22, 2020, a car drives past the Federal Reserve Bank building in Washington.Patrick Szymanski/AP Photo Recent data makes the Federal Reserve ready to cut interest rates twice this year, said David Kelly of JPMorgan Chase. The bank’s chief global strategist expects the Federal Reserve…
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Coinbase stock to $1,700? This crypto investor thinks so
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Cryptocurrency investor Will Clementi has predicted that Coinbase could be worth $400 billion, which would be a seven-fold gain from current levels. Coinbase is one of the largest centralized cryptocurrency exchanges alongside market players like Binance, Bybit, and Kraken. Although Coinbase stock (currency) has been on an upward trend since…