As the new quarter begins, Wells Fargo’s equity research team has identified several investment opportunities for investors, as well as potential risks. The firm’s list includes eight stocks with near-term catalysts that could drive their share prices higher, as well as two stocks that may experience a decline. With the S & P 500 and
Business
In a significant move within the retail industry, Hudson’s Bay Company (HBC) has announced its acquisition of Neiman Marcus Group for a staggering $2.65 billion. This acquisition will bring together two renowned retailers, Saks Fifth Avenue and Neiman Marcus, under the umbrella of Saks Global. The merger of Saks Fifth Avenue, Saks OFF 5TH, Neiman
Evercore ISI has carefully curated a list of top stock picks for the second half of 2024 based on market trends and potential growth opportunities. The first half of the year saw significant gains in the equity markets, especially in the technology sector driven by the artificial intelligence boom. While the S&P 500 advanced by
The COVID-19 pandemic brought about a surge in home improvement projects, including swimming pool installations, as Americans were forced to spend more time at home. However, recent indicators suggest a shift in consumer behavior as households prioritize experiences like travel and dining out over renovations. Pool Corp., a major pool equipment distributor, anticipates a 15%
The current downturn in the real estate market may seem bleak to some, but according to UBS, it presents a significant opportunity for long-term investors. In a market where all 11 main groups in the S & P 500 have seen improvements except for real estate, which has fallen by 4.7% in 2024, there is
Michigan’s $82.5 billion fiscal 2025 budget is set to be signed by Gov. Gretchen Whitmer and includes significant investments in roads and bridges. The funding for these infrastructure projects will come from the $700 million final tranche of Rebuilding Michigan Plan bonds, which will be issued later this year. This includes repairs to a key
The report from UBS regarding Apple’s market share decline in China is a significant concern for investors. The consecutive monthly declines in iPhone sell-through should be a red flag for those holding Apple stock. It is essential to closely monitor the situation in China and how it may impact Apple’s overall performance moving forward. With
In a surprising turn of events, President Cyril Ramaphosa announced a new coalition cabinet that sparked a positive response from investors, leading to a rally in the South African rand. The inclusion of the leader of the former opposition Democratic Alliance (DA) in key government positions has brought about optimism in the market. President Ramaphosa’s
As weak Chinese business activity data took center stage on Monday, most Asian currencies struggled to break out of a tight range. The Chinese yuan remained under pressure, with the USDCNY pair hovering around levels last seen in November. The mixed signals from China’s manufacturing sector, with government PMI data painting a bleak picture while
Investors are constantly on the lookout for opportunities to bolster their portfolios and increase returns. Dividend-paying stocks have emerged as a popular choice for many, offering a source of consistent income while also potentially providing capital appreciation. However, not all dividend stocks are created equal. To truly benefit from this investment strategy, it is crucial