S&P 500, Dow surge to record closing highs as Nvidia sparks AI frenzy
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- Wall St futures rise on Mideast deal hopes; SpaceX debut in focus
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Oil falls to near two-month lows as Trump calls off threatened strikes on Iran
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Axsome Therapeutics (AXSM) PT Raised to $380 at Jefferies
Citi on Large-Caps: 'strong earnings suggest that the current run up is less of a bubble than is feared'
February 23, 2024 6:24 AM ESTCiti on Large-Caps: 'strong earnings suggest that the current run up is less of a bubble than is feared'
The analyst comments "Large cap stocks with strong rallies into earnings on average drift higher. We run a quick study on extraordinary performance around earnings, as we have seen from NVDA. We collect data on S&P constituents in the last 30 years, some 1120 tickers and analyze the times where the stock has rallied 35%... More
UBS says investor positioning could be China is 'the most extreme in recent memory'
February 22, 2024 8:53 AM ESTIn a note to clients Thursday, analysts at UBS investors questioned whether investor positioning on China is the most extreme in recent memory.
The bank said its tracking of the top 40 global funds (including both passive and active holdings) shows that their total equity holding in China is at the lowest... More
