Global S&P Futures mixed in premarket
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- S&P 500, Nasdaq close sharply higher as Broadcom rallies
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- Broadcom stock pops 4% as Apple silicon deal gets extended through 2031
- Buy the pullback in chip stocks, JPM's Matejka says
- Memory stocks rebound as analysts flag a buying opportunity
- Rivian Automotive (RIVN) files for 75M share offering
- Rivian offers Q2 2026 revenue outlook, cash position grows
- Nokia OYJ (NOKIA:FH) (NOK) PT Raised to EUR14 at Kepler Cheuvreux
- Meta capex to surge in 2027, neocloud fears ’erroneous’ - SemiAnalysis
- Broadcom secures role as key Apple supplier with chip deal through 2031
BofA clients were were net sellers last week
May 7, 2024 1:58 PM EDTIn its equity client flow trends note this week, analysts at Bank of America said its institutional, hedge fund and private clients were all net sellers of US equities last week.
While buybacks remained strong, BofA noted single stock driven selling last week, with clients selling stocks but... More
JPMorgan Says US Forward Price-to-Earnings Ratio is 'Very Stretched'
May 7, 2024 7:05 AM EDTJPMorgan Says US Forward Price-to-earnings Ratio is 'Very Stretched'
The analyst comments "We are concerned about inflation staying too high if there is no slack created in the economy, adverse bonds demand-supply with negative term premia, consensus expectation of profit acceleration of almost 20% between Q1 and Q4 of... More
BTIG's Krinsky sees buying opportunity in China stocks despite bearish sentiment
May 7, 2024 6:19 AM EDTA BTIG analyst said in a note Tuesday that the current bearish sentiment and improving trend has created an attractive set-up for Chinese equities.
The analyst stated that after a rough start to 2024, the Hang Seng is now beating S&P 500 in the year-to-date, while sentiment is "still extremely... More
