UPDATE: Credit Suisse Upgrades Spire (SR) to Outperform
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Jefferies Upgrades SMID Cap Utilities to Market Weight
October 21, 2020 8:22 AM EDTJefferies' equity strategist Steven DeSanctis upgrades SMID cap utilities from Underweight to Market Weight.
The analyst commented, "After the big rebound by stocks, market posts more modest returns going forward. We think a good way to capture better performance is through yield and Utilities. Yield spread at 2.53% is... More
