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
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Asian currencies faced downward pressure on Tuesday as the dollar showed signs of strength ahead of Federal Reserve Chair Jerome Powell’s testimony. This came amidst ongoing concerns over new European import tariffs on China, raising fears of potential retaliatory measures and a looming trade war. The dollar index and dollar index futures saw slight gains
The U.S. dollar has shown signs of steadiness in early European trading, reflecting a market that is cautiously waiting for key inflation data. The recent French parliamentary elections have also played a role in shaping the sentiments of traders. Despite a near 1% slump last week, the Dollar Index, which tracks the greenback against a
The surge in demand for air travel during the summer months has not translated to record profits for U.S. airlines. Despite projecting record demand and potential revenue growth, airlines are facing a disconnect when it comes to their bottom lines. The increased costs associated with labor and other operational expenses have significantly impacted the profitability
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
Investors are currently faced with a challenging market environment that is filled with mixed signals. While recent data suggests a possible economic slowdown, the S&P 500 continues to hit new highs, leaving investors in a state of uncertainty. In such a complex landscape, many investors turn to research from top-rated Wall Street analysts for guidance
Bank of America has highlighted Carnival as one of the stocks poised for upside in the coming months. Analyst Andrew Didora is optimistic about the company’s performance based on its recent earnings. The cruise industry is showing signs of recovery, and Carnival’s management is executing well despite challenges from the Covid-19 pandemic. Didora also points
As investors look ahead to key inflation readings next week, the case for a potential September interest rate cut by the Federal Reserve is gaining traction. The central bank’s latest projections, as reflected in the “dot plot,” show a modest reduction in rates by 2024, with markets currently pricing in two cuts, the first of
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
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