Baird recently initiated UnitedHealth as outperform, citing the health insurance company as a favorite idea at the firm. The firm views UnitedHealth Group as the most vertically and horizontally integrated Managed Care company, with a $597 price target indicating a potential 20% upside. Evercore ISI upgraded Okta to outperform from in line after the identity
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Wave Digital Assets, a digital asset-focused investment adviser based in Los Angeles, California, recently announced the launch of a new yield vehicle focused on the Polygon network. This initiative comes with an initial $30 million investment and aims to support protocols and teams on the Polygon zkEVM blockchain. The move is set to facilitate liquidity
The Metropolitan Washington Airports Authority is gearing up to bring $829.4 million of airport system revenue and refunding bonds to the market. This strategic move comes as part of their yearly plan to either take advantage of refunding opportunities or meet new money requirements. Senior Vice President for Finance and CFO, Andrew Rountree, highlighted that
The recent string of hawkish signals from the Federal Reserve has had a significant impact on Asian currencies, leading to a weakening trend. Officials from the Federal Reserve have expressed the need for more confidence in easing inflation and have hinted at the possibility of more rate hikes if inflation continues to remain high. This
In an era where technology is rapidly advancing, the need for efficient, scalable, and secure solutions is becoming increasingly crucial. Galxe, the web3’s largest onchain distribution platform, has recognized this need and is set to launch Gravity, a Layer 1 omnichain smart contract platform that aims to transform how users and developers interact with web3.
The latest Water Resources Development Act has made significant strides in advancing a pilot public-private partnership program that was first proposed by the Army Corps of Engineers a decade ago. The WRDA of 2024 sets forth requirements for the Corps to develop a best-practices guide for P3 projects and report to Congress on alternative project
Nvidia, a prominent beneficiary of artificial intelligence technology, recently reported impressive financial results. Following this announcement, the company’s stock price experienced a significant surge of approximately 20% in just three trading days. Year-to-date, Nvidia’s shares have more than doubled, marking a substantial increase of around 120%. With a market capitalization of $2.8 billion, Nvidia now
The meme stock rally may have fizzled out, but GameStop has once again captured the attention of short sellers. As of mid-May, GameStop emerged as a favorite among short sellers, with short interest surging by 6% to more than 68 million shares, representing over 25% of its float. This resurgence came on the heels of
Dick’s Sporting Goods has seen a surge in customer spending on new sneakers and athletic gear, resulting in a significant boost to its overall earnings. The retailer reported a 5.3% growth in comparable sales during its fiscal first quarter, surpassing analysts’ expectations by a wide margin. This growth was driven by increased transactions and higher
After a brief period of decline in May, mortgage rates started to climb again last week, causing a significant impact on mortgage demand. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 7.05% from 7.01%, with points also rising. This was the first increase in four weeks, and although