U.S. markets jump on high hopes of debt ceiling lift off
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- Wall Street sinks as Nasdaq falls over 2% on AI cost worries
- Meta’s new Class C stock to keep Zuckerberg in California, fund AI spending spree
- Oil hits five-month high as Houthi attacks stoke supply fears
- Meta beats Q3 estimates, approves new nonvoting share class as AI spending surges
- Tesla stock up as automotive gross margin improves, free cash flow turns positive
Logan Paul and KSI's Prime Hydration poised to become beverage industry's next $1 billion brand - Jefferies
May 30, 2023 1:51 PM EDTJefferies analyst Kevin Grundy believes Prime Hydration, the energy drink company promoted by YouTubers Logan Paul and KSI, could become the US Beverage Industry's next $1 billion brand.
Grundy said in a note Tuesday that the "army of loyal social media followers" have helped the company disrupt the US... More
Analysts bullish on medtech due to strong fundamentals
May 30, 2023 11:13 AM EDTBoth Morgan Stanley and BofA released bullish notes regarding medical technology on Tuesday.
At BofA, analyst Travis Steed told investors that medtech stocks are on sale, while the fundamentals are the best in three years, and that he sees the sector as ownable.
"Medtech sold off post Q1 as investors realized... More



