Dallas Fed Man. Activity (Mar) -15.7 vs -10 Expected
- Wall Street closes higher as investors digest earnings, megacap outlook
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil rises as dollar slips, focus shifts to economic data
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- Apple (AAPL) PT Lowered to $210 at Morgan Stanley, 'We'd buy post-earnings weakness'
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
Kolanovic: Q1 is High Point for Equities in 2023
March 27, 2023 2:05 PM EDTKolanovic: Q1 is High Point for Equities in 2023.
JPMorgan analyst Marko Kolanovic comments "Our view remains that Q1 will likely mark the high point for equities this year; we prefer low beta and are increasingly cautious on Cyclicals/Banks/Value. We view the most vulnerable areas as unprofitable companies that depend on steady flow of equity capital to fund operations and tight... More
Goldman Sachs claims AI could increase annual global GDP by 7%
March 27, 2023 10:46 AM EDTIn a note on artificial intelligence and the effects on economic growth, Goldman Sachs analyst Jan Hatzius told investors that the recent emergence of generative AI raises the question as to whether we are "on the brink of a rapid acceleration in task automation that will drive labor cost savings and raise productivity."
The analyst stated that despite significant uncertainty... More