Thursday’s surge in real estate stocks, particularly in the SPDR S & P Homebuilders ETF (XHB) and the iShares U.S. Home Construction ETF (ITB), has sparked speculation about the lucrative opportunities in the housing sector. Both ETFs witnessed a significant increase of more than 10% by the end of the week, marking their best performance
Investing
Smith & Nephew, a British medical technology company, has made a name for itself in the global market by developing, manufacturing, and selling a wide range of medical devices and services. With segments like Orthopedics, Sports Medicine, and Ear, Nose and Throat, as well as Advanced Wound Management, the company has established itself as a
Investors experienced a significant shift in the U.S. equities market on Thursday, with the Russell 2000 surging by approximately 3.5% while the S & P 500 saw a decline of nearly 1%. This divergence has sparked discussions on whether this is merely a case of profit-taking within the Magnificent 7 or if it signals the
One of the notable highlights in the recent analyst calls and Wall Street chatter was the upgrade of Spotify Technology by Jefferies. The upgrade included a shift from hold to buy, with a price target of $385, implying an upside of 26.2% from the previous close. Analyst James Heaney expressed confidence in Spotify’s potential to
Bernstein recently released a selection of stocks that are deemed attractive based on both quantitative and fundamental criteria. This approach combines the strengths of both methodologies to produce better results. The firm’s previous portfolio using this strategy yielded a return of 17.6% over six months, matching the S & P 500’s performance. According to Bernstein
The release of the June consumer price index report is expected to be a significant market event this week. Economists are predicting a 0.1% rise in CPI month over month and a 3.1% increase year over year. The core CPI, which excludes food and energy prices, is forecasted to have grown 0.2% month over month
Goldman Sachs remains bullish on shares of Alphabet and Meta, reiterating their buy rating. The firm has raised their price target on GOOGL to $211 and on META to $522, citing increased estimates and valuation multiples as the driving factors behind their decision. Stifel Initiates RH as Buy Stifel has initiated coverage on the furniture
The French stock market has experienced a significant amount of volatility in recent months, particularly surrounding political news. This volatility has led to a sharp pullback in the CAC 40 index, the primary benchmark for French stocks. Since reaching its peak in March, the CAC 40 has corrected nearly 10%, causing concern among investors. Despite
Mainland China investors have been closely monitoring the performance of U.S. stocks while expressing disappointment in the lackluster performance of stocks at home. Although there are distinct macroeconomic differences between the two markets, it is worth noting that several Chinese stocks witnessed significant growth in the first half of the year, with some even doubling
Artificial Intelligence (AI) has been a hot topic in the stock market, with leading AI chipmaker Nvidia soaring by nearly 155% this year. While semiconductor stocks and technology giants like Amazon have reaped the benefits of the AI trend, RBC Capital Markets is highlighting some alternative ways to play the theme. RBC Capital Markets views