Stock markets
Energy stocks lead the market, these names are outperforming as tech swoons
Energy is far and away the top-performing S&P group this year amid a surge in oil and gas prices. Source
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Lululemon is a buy as apparel maker has momentum beyond pandemic, Truist says
Shares of Lululemon are poised to do well even as the world emerges from the Covid-19 pandemic, according to Truist. Source
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Gold House launches $30 million fund to invest in entrepreneurs of Asian descent
Megan Ruan knows firsthand how representation can impact funding for entrepreneurs. She recalled being the only woman of color working at a family office earlier in her career and running a portfolio of venture investments. “I saw the decisionmaking and how it differed between the people that were check-writers at these different funds and the […]
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Citi downgrades NXP Semiconductors, says company’s margins are near their peak
NXP Semiconductors NV will likely be stuck in the mud for a while, according to Citi. Source
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Amazon gets rare neutral rating from Rosenblatt, which says inflation will hurt retail sales
The firm is ‘unconvinced’ Amazon’s core businesses in online stores and third party services will recover growth after stalling at the end of last year. Source
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Goldman downgrades Roblox, says user growth could slow in post-pandemic world
The gaming company’s stock performance will be hindered in the near term, but analysts say the company’s long-term outlook is intriguing. Source
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Buy WeWork as profitability is within reach, Piper Sandler says
A focus on growing revenue and cutting costs could boost the co-working space to achieve positive cash flow within two years, analysts say. Source
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Investors turn cautious on Chinese stocks amid growth concerns
While mainland Chinese stock fund held onto inflows, European stock funds saw billions of dollars in net outflows in the first quarter, with declines in Japanese stock funds as well, according to EPFR. Marc Fernandes | Nurphoto | Getty Images BEIJING — Investors turned increasingly cautious on Chinese stocks, especially those listed overseas, in the […]
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Market will break out of slump due to peaking inflation, Evercore ISI predicts
The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to the last time stocks and bonds fell together: 1994. “The market just sort of digested it, and there was a lot of sideways […]
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These stocks have major earnings mojo heading into a difficult reporting season
Investors anticipating a choppy earnings season could look into these nine companies with a track record for earnings surprises, a CNBC Pro screen found. Source
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