S&P 500 slips as PayPal, chip stocks weigh
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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
PayPal's (PYPL) selloff 'overblown,' Mizuho analyst reiterates buy rating
May 11, 2023 11:56 AM EDTThe PayPal (NASDAQ: PYPL) selloff is overblown, according to Mizuho analyst Dan Dolev, who reiterated a Buy rating and $92 price target on the stock in a note to clients Thursday.
PayPal shares fell over 12% Tuesday post-earnings and a further 3% on Wednesday, falling... More
RBC Capital Comments on PacWest Bancorp (PACW) 10-Q
May 11, 2023 8:42 AM EDTRBC Capital analyst Jon Arfstrom reiterated an Outperform rating and $17.00 price target on PacWest Bancorp (NASDAQ: PACW).
The analyst comments "We remain in a difficult environment for the industry and news travels fast, but the recent disclosures align with the companys stated strategy of optimizing the asset... More
