Citi Trends Inc
These are the stocks to own if a recession hits, Citi says
Citi has named a raft of stocks it thinks will do well if a recession comes to town. Source
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European stocks slide 1.2% after undisclosed investor sells stakes in German banks; Deutsche Bank tanks 9.5%
LONDON — European markets sank Tuesday morning as traders monitored heaving selling in the banking sector, and looked ahead to key central bank meetings and U.S. inflation prints. The pan-European Euro Stoxx 600 index was down 1.2% in early deals, with the German DAX dropping 1.8% and the banking sector falling 2.3%. Reports on Monday […]
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Stocks making the biggest moves midday: Twitter, Starbucks, Tesla and more
Andrew Burton | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Twitter — The social media company soared 26.6% after a filing revealed that Elon Musk has taken a 9.2% passive stake in the firm, worth about $2.9 billion. The purchase came weeks after the Tesla CEO polled […]
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Stocks making the biggest moves premarket: GameStop, Apple, BlackBerry and more
Check out the companies making headlines before the bell: GameStop (GME) – GameStop plans to seek shareholder approval to boost the number of shares outstanding in order to enable a stock split. The videogame retailer is proposing an increase to 1 billion shares from 300 million. The stock surged 16.6% in the premarket. Apple (AAPL) […]
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Citi raises its forecast for China’s GDP growth, bringing it closer to the official target
Real estate and related sectors account for at least 25% of China’s economy, according to Moody’s. Costfoto | Future Publishing | Getty Images BEIJING — China’s economy faces so much new pressure from Covid that Beijing may increase stimulus — boosting overall growth, Citi said Thursday. “Given the strong start of the year and the […]
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Wall Street banks name their favorite Asia stocks — and Citi says one could have upside of 167%
Goldman Sachs and Citi name their favorite stocks picks in Asia-Pacific — and give some serious upside potential. Source
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