Investing

New EU fiscal rules may crimp member states' investments in strategic areas - BofA May 17, 2024 01:10PM

Investing.com -- A revamped European Union fiscal framework could restrain the budgets of many of the bloc's member states to make critical investments, analysts at Bank of America Securities argued on Friday.

The restructured rules, which came into force on April 30 after they were agreed upon by lawmakers in Brussels earlier this year, have been widely viewed by economists as a push to persuade the EU's 27 member governments to rein in expenditures and ratchet down... (continue reading...)

European equity selloff likely as US economic data weakens - BOA Securities May 17, 2024 01:10PM

Investing.com - Equity markets have surged to all-time highs, but with U.S. economic data starting to cool, Bank of America Securities predicts more difficult times ahead, especially in Europe.

The blue chip Dow Jones Industrial Average passed the 40,000 level for the first time ever earlier this week, and record highs have also been seen by major indices in Europe and Asia as investors took advantage of expectations of lower interest rates globally.

These markets have... (continue reading...)

Midday movers: Reddit, Tesla and Robinhood rise; GameStop falls May 17, 2024 12:36PM (Updated - May 17, 2024 12:36 PM EDT)

Investing.com -- Main U.S. indexes traded largely flat Friday, searching for direction after the major stock indices hit record highs and as the earnings season draws to an end.

Here are some of the biggest U.S. stock movers today:

• Reddit (NYSE: RDDT) stock rose 13% after the social media platform entered a partnership with artificial intelligence major OpenAI to add its content to the firm’s AI products.

• Tesla (NASDAQ: TSLA) stock... (continue reading...)

Here's why investors seem to be hesitant to own AMD stock: Mizuho May 17, 2024 11:07AM

Investors are growing increasingly skeptical about owning AMD (NASDAQ: AMD) stock, a Mizuho desk analyst highlighted in a new note.

“Why add AMD if I own NVDA and AVGO here that are cheaper and feel much lower risk?” appears to be the key pushback among market participants, the analyst said.

The chipmaker’s shares rose to an intraday high of $168 on Thursday, amid a broader surge in the technology sector driven by the recently released softer-than-expected... (continue reading...)

Robinhood shares climb premarket as Bank of America upgrades rating May 17, 2024 10:21AM

Investing.com -- Shares in Robinhood (NASDAQ: HOOD) rose by more than 5% in premarket U.S. trading on Friday after analysts at Bank of America Securities upgraded their rating of the trading platform operator.

In a note improving their outlook to "Buy" from "underperform," the BofA analysts said they have seen rising engagement from retail investors and "accelerating organic growth" at Robinhood, adding that the firm's valuation is "attractive" in the wake of elevated... (continue reading...)