Bank of America sees continued buyback strength
Analysts at BofA said in their weekly client flow trends note that they saw continued buyback strength last week. There were “more near-record buybacks,” according to the investment bank, with the third-largest in their weekly history since 2010. As a percentage of market cap BofA notes they have been tracking above typical seasonal levels for […]
Morgan Stanley lifts TSMC price target on semiconductor demand upside from Apple AI
Morgan Stanley upped on Monday their price target for Taiwan Semiconductor (TSM) stock, growing demand for AI semiconductors after Apple’s (AAPL) recently unveiled AI strategy. The new price target for TSMC is set at NT$1,080, which represents around 17% potential upside from the current levels. Morgan Stanley analysts said the adjustment reflects the anticipated higher […]
This Auto Stock is up 113% in 1 Year, Can You Still Buy it?
In the current phase of uncertainty for India’s equity markets, it’s crucial to have a clear vision of the future. Analyst meetings, like the one recently held by Mahindra & Mahindra (M&M), play a significant role in providing this clarity. Despite no new targets being introduced, the meeting effectively reiterated known information, offering a solid […]
Goldman says US jobs market at inflection point, sticks to call for two rate cuts
The U.S. labor market is at a key juncture, with mixed signals that could impact the Federal Reserve’s approach to rate cuts, analysts at Goldman Sachs said in a Monday note. While the May employment report affirmed robust job creation, inconsistencies in labor market indicators point to potential challenges ahead. The analysts note that the […]
UBS: Rising trade tensions mean investor selectivity will be more important
UBS cautioned in a note Tuesday that rising trade tensions between the EU and China will demand greater investor selectivity. While some Chinese electric vehicle (EV) companies initially rallied on news of lower-band tariffs, UBS highlights the varying impact these tariffs will have. Companies hit with higher tariffs “could face a much higher threshold for […]
Blackstone makes $1.7 billion bid for Japan e-comics platform Infocom
Blackstone launched a 275.8 billion yen ($1.74 billion) bid to take Japanese digital comic distributor Infocom private, including a tender offer for a per-share price of 6,060 yen, Infocom said on Tuesday. The tender offer will amount to 141.4 billion yen, Infocom said. The company’s current parent Teijin separately said it will sell all of […]
Huge tech ETF set to buy $10 billion in Nvidia shares
One of the world’s largest technology funds is set to ramp up its exposure to Nvidia (NASDAQ:NVDA), which has become the world’s most valuable company following a blistering run in its shares. The $72.34 billion Technology Select Sector SPDR Fund, managed by State Street (NYSE:STT) Global Advisors, will buy some $10 billion shares of Nvidia while slashing […]
Stock Market Today: S&P500 clinches record high; Nvidia now most valuable company
The S&P 500 closed at another record high on Tuesday as Nvidia rallied to usurp Microsoft (NASDAQ:MSFT) as the most valuable company, pushing the broader tech sector higher and overshadowing economic data pointing to a more wary U.S. consumer. By 16:00 ET (20:00 GMT), the S&P 500 rose 0.3% to fresh closing high of 5,487.97, and had […]
Meta must face Australian billionaire Forrest’s US lawsuit over scam Facebook crypto ads
A U.S. judge rejected Meta Platforms (NASDAQ:META)’ bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that show him promoting fake cryptocurrency and other fraudulent investments. In a decision on Monday, U.S. District Judge Casey Pitts in San Jose, California said Australia’s second-richest person can try to prove […]
New Jersey fines Walmart over in-store pricing practices
Walmart (NYSE:WMT), the world’s largest retailer, has agreed to pay $1.64 million to settle regulatory charges that its 64 New Jersey stores employed illegal pricing practices that made it hard for consumers to comparison-shop. Matthew Platkin, New Jersey’s attorney general, said on Tuesday that the settlement includes a $1.62 million civil fine, and is the […]