Category: Stocks
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UBS upgrades China stocks to “most preferred” in Asia By Investing.com
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UBS said Chinese stocks were its top pick in Asia, with the firm forecasting strong single-digit returns by the end of 2024 on the back of improved earnings outlook and more policy support. UPS said China’s major internet companies are set to post stronger earnings, especially major e-commerce companies like…
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Stocks Rally as Nvidia Up 11% After Bullish Call: Markets Wrap
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(Bloomberg) — Stocks staged a strong rebound amid a rally in shares of struggling chipmakers, as the latest economic data bolstered bets that the Federal Reserve will signal an interest-rate cut in September. Most Read from Bloomberg After a selloff that put the Nasdaq 100 on the brink of a…
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Tech Stocks Sink as War Jitters Fuel Rush to Bonds: Markets Wrap
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(Bloomberg) — Stock markets were hammered by a broad selloff in the world’s biggest technology companies ahead of key central bank decisions. Bonds and gold rose as traders rushed to safe havens amid geopolitical risks. Oil remained lower. Most Read from Bloomberg The Israeli military struck Beirut, targeting a Hezbollah…
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3 Stocks I Plan to Double Down On If the Stock Market Plunges
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Almost two years ago, the markets were in a frenzy on Wall Street. And the markets have been in a frenzy ever since. Dow Jones Industrial Average (DJI: ^DJI)standard Standard & Poor’s 500 (SNPINDEX: ^GSPC)and nutritious growth Nasdaq Composite (NASDAQ: ^IXIC) Prices bottomed out in October 2022, but have all…
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Asian stocks rebound with Fed, rate cuts in focus; China lags By Investing.com
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Most Asian stocks rose sharply on Monday with focus on the upcoming Federal Reserve meeting for further signals on interest rate cuts, with the battered technology sector leading the gains. But Chinese markets continued to lag their regional peers, with sentiment toward the country showing little sign of improvement ahead…
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Asian stocks rebound with Fed, rate cuts in focus; China lags By Investing.com
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Most Asian stocks rose sharply on Monday with focus on the upcoming Federal Reserve meeting for further signals on interest rate cuts, with the battered technology sector leading the gains. But Chinese markets continued to lag their regional peers, with sentiment toward the country showing little sign of improvement ahead…
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2 Artificial Intelligence (AI) Stocks That Could Be Worth More Than Apple 5 Years From Now
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apple Apple is currently the world’s most valuable company with a market cap of $3.4 trillion, but it is closely followed by two other tech giants, Microsoft (NASDAQ: MSFT) And Nvidia (NASDAQ: NVDA)It is worth noting that both Microsoft and Nvidia took turns becoming the most valuable company in the…
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What Harris vs. Trump means for cannabis stocks By Investing.com
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A potential shift in the political landscape is putting a spotlight on cannabis stocks. According to equity research firm Zuanic & Associates, the recent news that President Biden will not seek re-election has sparked a positive reaction in the cannabis sector. Analysts at the firm point out that the possibility…
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US stocks move higher at the open.
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As the opening bell rings on major US stock exchanges, the major indices are trading higher. However, the Nasdaq, which surged more than 200 points in pre-market trading, is now up just 136 points. However, with the declines this week, any gains are acceptable at this point. The current market…
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US stocks move higher at the open.
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As the opening bell rings on major US stock exchanges, the major indices are trading higher. However, the Nasdaq, which surged more than 200 points in pre-market trading, is now up just 136 points. However, with the declines this week, any gains are acceptable at this point. The current market…
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US stocks move lower as the week moves toward the close
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US stocks are moving lower with the broader S&P and Nasdaq indexes below the midpoint of their daily trading ranges. The indicators are still higher on the day, but in a week that has seen sharp moves to the downside, a leak back to the downside is disappointing. Looking at…
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Forexlive Americas FX news wrap 26 Jul: Rebound day. AUD higher. CHF lower. Stocks rise
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Over most of the week, fund flows pushed the Japanese yen and Swiss franc higher amid safe-haven flows. The Australian dollar (and the New Zealand dollar) fell as risk-off sentiment took hold on the back of a slowdown in China and lower commodity and stock prices. Today saw a reflection…
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US stocks close the week with gains on the day. S&P and Nasdaq lower for the week.
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US stocks closed the week with gains during the day. The S&P and Nasdaq remained lower for the week. The Dow Jones and Russell 2000 index of small companies closed higher, with the Russell 2000 the best performing index among the traded indices on hopes that lower interest rates will…
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US stocks set for rebound as investors wait for key inflation data
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U.S. stocks rose before the bell on Friday, poised for another comeback attempt as investors await crucial inflation data that will test high expectations for interest rate cuts. Dow Jones Industrial Average futures rose 0.5%, or about 200 points, after the index closed slightly higher. S&P 500 futures rose about…
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Stocks Get Hit as ‘AI Trade’ Slams Into a Wall: Markets Wrap
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(Bloomberg) — Wall Street is now facing a reality check after a disappointing start to the earnings season for large-cap companies, raising concerns that the artificial intelligence craze that has fueled the bull market may be overdone. Most Read from Bloomberg The world’s biggest tech companies dragged the S&P 500…
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Asian stocks drop as tech tracks weak US earnings; China remains on backfoot By Investing.com
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Most Asian stocks fell on Wednesday, weighed down by renewed losses in the technology sector as major corporate earnings in the United States fell overnight, while sentiment toward China also showed little sign of improvement. Regional stocks received weak support from Wall Street, especially as U.S. stock index futures fell…
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3 Warren Buffett Stocks to Buy Hand Over Fist
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Warren Buffett’s investment approach has proven to be extremely successful over time. Berkshire Hathaway‘s (NYSE: BRK.A) (NYSE: BRK.B) The stock has consistently outperformed most major market indexes since Buffett took control in 1965. His strategy involves focusing investments in companies with strong business models and very long-term growth trajectories. Three…
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Deutsche Bank expect further losses still to come for large cap tech stocks
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Via CNBC, here are Deutsche Bank’s thoughts on the additional losses that still lie ahead for large-cap tech stocks: The shift from big tech to small cap companies that has occurred will be more than just a short-term glitch. The market still has a lot of optimism in mind about…
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Biden dropping out presents ‘another curveball’ for stocks
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President Biden announced Sunday that he will not seek re-election in November, increasing uncertainty about who will take over the White House in 2025. Stocks appeared to shrug off election concerns, with the S&P 500 rising more than 1% on Monday. Investors also gained clarity on the state of the…