We’re making several more trims, targeting tech and an economically sensitive automaker due to our concerns about an aggressively hawkish Fed.
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We’re trimming tech stocks and an automaker because it never pays to fight the Fed
Technology
New Wall Street research touts our long-held view on AI and cybersecurity stocks
Wall Street is touting one of our long-held views: AI represents a tailwind —not a headwind — for CrowdStrike and cybersecurity stocks. Shares of CrowdStrike rose 1.6% Monday after receiving a pair of bullish analyst calls. Mizuho upgraded the stock to outperform from neutral while upping its price target to $520 from $490, saying recent […]
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Technology
Prediction markets prepare to invade one of crypto’s biggest and riskiest trades
There’s a landgrab underway in the U.S. for perpetual futures, one of the biggest and riskiest parts of the crypto trading world — and prediction markets Kalshi and Polymarket reportedly want a piece of it. Perpetual futures, better known by users as “perps,” are futures contracts without expiration dates that have seen explosive growth since […]
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Technology
Amazon’s bet on satellites is expensive and faces fierce competition. It also just might work
Amazon is making a big move to advance its ambitions in outer space — one that is pricey and pits it against a formidable incumbent. It could also end up a huge winner for the e-commerce and cloud giant. The Seattle-based company said this month it plans to acquire satellite operator Globalstar for $90 per […]
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