European stocks slip lower at the end of a turbulent week
European stock markets fell Friday, ending a turbulent week on a negative note as investors digested a deluge of information potentially guiding future global monetary policy. At 03:10 ET (07:10 GMT), the DAX index in Germany traded 0.2% lower, the CAC 40 in France fell 0.9% and the FTSE 100 in the U.K. dropped 0.1%. BOJ delays reduction of bond purchases […]
U.K. supermarket Tesco says sales uptick is leading to market share gains
Shares in Tesco (LON:TSCO) moved higher on Friday after the U.K. supermarket chain announced that its market share was expanding faster than at any time in the prior two two years. The market share of Britain’s largest supermarket firm was 27.6% in the twelve weeks to May 12, an increase of 52 basis points versus the year […]
Visa, Mastercard $30 billion swipe-fee deal in jeopardy; analysts weigh in
A $30 billion settlement between Visa (NYSE:V), Mastercard (NYSE:MA) and retailers to cap credit-card swipe fees is likely to be rejected by a federal judge in Brooklyn, marking a setback in a litigation battle that has spanned two decades, Bloomberg News reported. Judge Margo Brodie of the US District Court for the Eastern District of […]
How do bull markets end – BofA
While the S&P 500 continues to climb and volatility remains low, Bank of America acknowledges investor concerns about potential warning signs for a market peak. BofA analysts revisited historical data to identify the most reliable indicators of a bull market’s end. According to the bank, is that only 40% of these indicators have currently been triggered, compared […]
BofA: Cash sees largest weekly inflow, money market AUM hits $6.1 trillion
Global stock funds attracted $6.3 billion in the week through June 12, driven by US equities, which registered their eighth consecutive week of inflows, Bank of America said in a Friday report. Europe remains the only region experiencing year-to-date outflows, with equity funds in the region suffering outflows for the fourth consecutive week. BofA noted […]
Starbucks entrance into $5 bundle game ‘a greater opportunity’ – Wolfe Research
Earlier this week, Starbucks (NASDAQ:SBUX) announced the launch of a limited-time “Pairings Menu.” Analysts at Wolfe Research provided their thoughts on the company’s latest move. The Pairings Menu allows customers to choose a hot or iced coffee or tea combination with a croissant starting at $5 or a hot or iced coffee or tea combination […]
This stock is up 16% in premarket trading and could continue to gain
I realize this might be getting repetitive, but yet another one of our AI-picked stocks for June is gaining big time in premarket trading today. Adobe Systems Incorporated (NASDAQ:ADBE), part of our Beat the S&P 500 strategy for June, is up 16% in premarket trading after posting robust financial results and providing even better guidance for the […]
Bernstein starts MicroStrategy at Outperform, sees 95% upside in stock
Analysts at Bernstein started research coverage on MicroStrategy (MSTR) with an Outperform rating and a price target of $2,890, which implies roughly 95% upside from the stock’s latest closing price. In its note, the investment firm said MicroStrategy is “building the world’s largest Bitcoin company.” “Since August 2020, MSTR has transformed from a small software […]
Arm Holdings plc to join the Nasdaq-100 index
Nasdaq announced late Thursday that Arm Holdings (NASDAQ:ARM), a UK-based, US-listed Company, will become a component of the Nasdaq-100 Index and various other Nasdaq indices. The semiconductor firm is set to replace Sirius XM in the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted Index prior to market open on Monday, June 24, 2024. Arm will also join […]
Cruise stocks fall as BofA sees modest softness in prices
Cruise line stocks Royal Caribbean (NYSE:RCL), Carnival Corp. (NYSE:CCL), Norwegian Cruise Line (NYSE:NCLH), and Viking Holdings (VIK) declined Friday after Bank of America analysts said in a note that they see modest softness cruise prices. RCL declined more than 5%, while CCL is down over 8%. In addition, NCLH has dropped over 7%, and VIK has fallen […]