Breaking News: Investing
Nike is a buy that’s poised for a comeback beyond 2022, Raymond James says
Nike is poised for a comeback after a lousy 2022, according to Raymond James. Analyst Rick Patel initiated research coverage of Nike with an outperform rating, saying much of the bad news is priced into the sports apparel stock after its decline this year. The stock is down nearly 47% in 2022. “Aside from obvious […]
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Citi downgrades American Express to sell ahead of a recession
It’s time to sell American Express , according to Citi. Analyst Arren Cyganovich downgraded shares of American Express to sell from neutral, after modeling in a mild downturn for finance stocks during a recession period. “As Citi’s economics team has forecast a modest US recession as a base case in 2H23, we felt it was […]
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Dollars is king once again as funds administrators are in no hurry to embrace possibility with Fed raising costs
Providing Alpha Cash is king yet again as income supervisors are in no rush to embrace hazard with Fed elevating charges Published Wed, Oct 12 20221:49 PM EDTUp-to-date 23 Min In the past Yun Li@YunLi626 Look at Reside Resource
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These are the Dow stocks to buy and sell as rates surge
With interest rates surging and knocking the overall stock market back to its bear market lows, investors can win by finding the stocks that gain as yields increase. Markets were choppy Tuesday after the yield on the U.S. 10-year Treasury again approached the key 4% level in overnight trading before pulling back. The 10-year Treasury […]
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Goldman says a person important challenge will plague earnings season. But these shares is not going to be affected
As Wall Road kicks off third-quarter earnings this 7 days, Goldman Sachs expects traders will probably hear just one important issue occur up once again and once more for the duration of administration phone calls: the much better dollar. The investment bank stated that U.S. firms that depend on revenues generated overseas will face difficulties […]
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Paul Tudor Jones believes we are in or near a recession and history shows stocks have a lot more to fall
enjoy now Movie4:5004:50 We are having completely ready to deploy our recession playbook, claims famous investor Paul Tudor Jones Squawk Box Billionaire hedge fund manager Paul Tudor Jones believes the U.S. overall economy is both near or already in the center of a recession as the Federal Reserve rushed to tamp down soaring inflation with intense fee […]
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What AMD’s warning means for the other chip stocks, according to Bank of America
AMD’s third-quarter warning on weaker PC demand points to more trouble ahead for chipmakers such as Intel and Nvidia, according to Bank of America. “Read-across negative for INTC, NVDA, memory, datacenter,” analyst Vivek Arya wrote in a Thursday note. “We believe AMD’s warning will have the most negative read-across for PC peer INTC, but also […]
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Zoom is ‘washed out’ as video conference provider pivots its business, JPMorgan says
Shares of Zoom are “washed out” as the video conferencing company undertakes a plan to transition its business, according to JPMorgan. “Our assessment is positive on Zoom’s underlying technology, continued innovation, and market position, and we are impressed by the cash-generative financial profile, though we believe these are offset by near-term growth and margin headwinds […]
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RBC downgrades Lyft, says it may be falling behind Uber
Lyft may be falling behind competitor Uber, according to RBC Capital Markets. Analyst Brad Erickson downgraded shares of Lyft to sector perform from outperform, and slashed his price target, saying the ride hailing company appears to be struggling to gain an edge. “Our U.S. driver supply analysis makes our prior bullish thesis look increasingly less […]
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KBW upgrades Goldman Sachs, sees 40% rally in the stock
Goldman Sachs is a buying opportunity that can jump 40% from here, according to Keefe, Bruyette & Woods. Analyst David Konrad upgraded shares of Goldman Sachs to outperform from market perform, saying that the the firm’s valuation based on tangible book value (TBV) looks attractive. “We are upgrading Goldman Sachs to Outperform from Market Perform […]
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