JPMorgan recommends defensive, commodity stocks ahead of rate cuts
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- S&P 500 notches record-high close as rate-hike worries ease
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- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
Oppenheimer raises Utilities sector rating, cuts Real Estate
May 28, 2024 11:45 AM EDTOppenheimer analysts raised their rating for the utilities sector and cut the rating for real estate in a wide-ranging note Tuesday, noting the positive earnings growth.
The firm highlighted that eight of the 11 sectors in the S&P 500 are showing earnings growth, with six up double-digit rates.
These include communication... More
