Fundamentals expected to continue driving U.S. equities higher - UBS
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Declining short interest is what makes S&P 500 vulnerable: JPMorgan
June 22, 2024 4:00 AM EDTJPMorgan warns that the S&P 500 could be vulnerable due to declining short interest in major ETFs like SPY and QQQ.
Analysts at the bank note that this decline has been "providing a steady flow support to US equities over the past year, helping to suppress... More
JPMorgan estimates equities will see a $50B hit due to quarter-end rebalancing
June 21, 2024 8:52 AM EDTJPMorgan analysts warn that US equities could face a $50 billion outflow due to quarter-end rebalancing by institutional investors.
"The declining short interest on SPY and QQQ ETFs has been providing a steady flow support to US equities over the past year," they note. However, they see this trend reversing as... More
Microsoft (MSFT) target raised at Citi: 'OpenAI headlines a positive read on Azure'
June 21, 2024 7:34 AM EDTAnalysts at Citi raised their target for Microsoft (NASDAQ: MSFT) to $520 from $495 in a note this week, maintaining a Buy rating on the stock.
The bank said the latest OpenAI headlines are a positive read on Microsoft's Azure, but the... More
Melius Defending NVIDIA (NVDA), 'Raising Estimates Again - EPS Power of $5 Looking More Real'
June 21, 2024 6:26 AM EDTMelius analyst Ben Reitzes reiterated a Buy rating and $160.00 price target on NVIDIA (NASDAQ: NVDA)
The analyst comments "Raising Estimates Again - EPS Power of $5 Looking More Real: Given the factors above, we are raising our estimates again especially for CY25/26. Although... More
Microsoft (MSFT) PT Raised to $520 at Citi
June 21, 2024 5:48 AM EDTCiti analyst Tyler Radke raised the price target on Microsoft (NASDAQ: MSFT) to $520.00 (from $495.00) while maintaining a Buy rating.
The analyst comments "OpenAI has been in the news headlines over the last few weeks with press reports of the company more than... More
