Stock markets
A biotech stock for investors scared to invest in the risky industry
Citigroup thinks investors should consider Ligand Pharmaceuticals for a more conservative bet on the biotech industry. The bank initiated the biotech stock at a buy rating and price target of $270, implying upside of 46% from Ligand’s Monday closing price of $184.67. Shares have soared nearly 79% this year. LGND YTD mountain LGND YTD chart […]
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There’s no Dow or S&P 500 for cryptocurrencies yet. Bitwise is getting a step closer with new ETF
Key Points The Bitwise 10 Crypto Index ETF (BITW) holds the following 10 digital assets: Bitcoin, ether, XRP, Solana, Chainlink, Litecoin, Cardano, Avalanche, Sui and Polkadot. This makes BITW the first ETF by a major crypto asset manager to include Cardano, Avalanche, Sui and Polkadot, Bitwise CEO and co-founder Hunter Horsley told CNBC. Source
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Nvidia gets the OK from Trump to sell chips to China. Is it a reason to buy the stock?
President Donald Trump’s green light for Nvidia to sell certain chips in China still has many details to be worked out — including whether China itself will allow it — and that’s why the stock’s reaction to the long-sought-after blessing was muted on Tuesday. But Wall Street analysts mostly believed this was time to buy […]
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Stocks making the biggest moves midday: Exxon, SLM, CVS, AutoZone, Ares, Staar Surgical and more
Check out the companies making the biggest moves midday: Gogo — The in-flight Wi-Fi provider dropped 10% after announcing an investment in satellite communications company Farcast . The terms were not disclosed in the announcement. Exxon Mobil — The oil giant jumped 2.7% after it updated its corporate plan through 2030. Exxon said it now […]
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Stocks making the biggest moves premarket: Home Depot, Ares, Viking, CVS, Nvidia & more
Check out the companies making the biggest moves in premarket trading: Nvidia — President Donald Trump said the U.S. will allow the tech giant to ship its H200 artificial intelligence chips to China and elsewhere. The U.S. will get a 25% cut for the sales, which are only allowed for approved customers. Shares gained 1%. […]
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Trump’s pivot on Nvidia chips gives China a leg up over the U.S. in AI race, analysts say
Key Points U.S. President Donald Trump announced Nvidia will be able to sell a more advanced H200 chip to China. Several analysts were quick to point out this move would help boost China’s AI capabilities. Beijing has emphasized it aims to bolster homegrown tech and reduce reliance on foreign inputs. Source
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Can AI make you the next Warren Buffett? One bank is working to find out
Deutsche Bank is putting artificial intelligence’s investment skills to the test. The bank asked its dbLumina AI model to pick a basket of funds from the most popular funds used by typical retail investors as of the end of November. Research analyst Luke Templeman fed dbLumina a week of the same daily market analyses from […]
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Stocks making the biggest moves midday: Paramount Skydance, Wave Lifesciences, Confluent & more
Check out the companies making the biggest moves midday: Wave Life Sciences — The Singapore-based biotech that trades on Nasdaq more than doubled, soaring roughly 140% , after positive interim data from a Phase 1 trial of an RNA obesity shot that cut fat but retained muscle. Paramount Skydance — The media company is launching a […]
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Stocks making the biggest moves premarket: Broadcom, Confluent, Carvana & more
Check out the companies making the biggest moves before the bell: Confluent – The Wall Street Journal published a report on Sunday that IBM is in advanced talks to seal an $11 billion deal to acquire data-infrastructure company Confluent, boosting the latter company’s shares by 27%. Broadcom — The chipmaker rose more than 2% after […]
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Huge Wall Street call: Morgan Stanley’s new Tesla analyst downgrades stock over valuation concerns
Morgan Stanley exited the bull camp on Tesla , saying valuation concerns outweigh its optimistic outlook for the electric vehicle maker in a huge potentially market-moving call on Wall Street. Analyst Andrew Percoco downgraded Tesla’s stock to equal weight from overweight. Percoco raised his price target by $15 to $425, but that still reflects downside […]
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