U.Today – It seems that ‘s selling pressure is through the roof again as the first cryptocurrency dropped below $65,000, with more than $140 million liquidated. However, the main source of selling pressure might not have been so obvious. Recent price action indicates that Bitcoin is having difficulty maintaining itsContinue Reading
Torsten Asmus JPMorgan’s global markets strategy team noted that the short interest on the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) and the Invesco QQQ Trust ETF (NASDAQ:QQQ) has fallen to record lows, but cautioned that a reversal in that decline could impact U.S. stocks. The SPY tracks Wall Street’s benchmarkContinue Reading
hapabapa The U.S. Food and Drug Administration (FDA) on Friday greenlighted Bristol Myers Squibb’s (NYSE:BMY) marketing application to expand the label for its lung cancer therapy Krazati to include patients with colorectal cancer. Accordingly, Krazati, added to Bristol Myers’ (BMY) portfolio with its $4.8B Mirati acquisition this year, will beContinue Reading
With Wall Street’s major market averages trading near all-time highs towards the end of the first half of 2024, investors who may be looking for safety and income may want to focus on dividend stocks. While the universe of dividend-based companies is vast, Seeking Alpha constructed a top 10 performingContinue Reading
hapabapa HubSpot (NYSE:HUBS) quickly gained 1% amid speculation of a third bidder for the relationship management software company. There’s speculation that a third potential acquiring is circling HubSpot, according to a Betaville “rare” alert on Friday, which cited people following the matter. HubSpot’s advisers are now trying to do aContinue Reading
Wirestock Apple (NASDAQ:AAPL) announced Friday it is delaying the release of several of its artificial intelligence features in the European Union due to the Digital Markets Act, according to a report by Bloomberg. Apple now plans to block the release of Apple Intelligence, iPhone Mirroring and SharePlay Screen Sharing fromContinue Reading
Petrovich9 The S&P 500 (SP500) could reach 6,000 by the end of 2024 before plunging as much as 20% by 2026, according to Stifel, Nicolaus & Co.’s Barry Bannister in a note. In a note to investors, Bannister said that the S&P 500 (SP500) could reach the 6,000 mark beforeContinue Reading
duoogle Needham initiated coverage of ICU Medical (NASDAQ:ICUI) with a hold rating, citing limited revenue growth. “While we think ICUI’s currently depressed earnings will recover over the next few years, we expect its low-single-digit normalized revenue growth to limit its earnings growth to the mid- to high-single digits,” Needham saidContinue Reading
Comcast (NASDAQ:CMCSA) on Friday announced an agreement with Starlink, the internet satellite service run by Elon Musk’s SpaceX, to provide better connectivity to the media giant’s enterprise customers, especially in underserved regions. The company said the agreement would deliver solutions for enterprises looking to enhance network redundancy. “Starlink’s LEO satelliteContinue Reading
Sean Gallup/Getty Images News Alcoa (NYSE:AA) and Freeport McMoRan (FCX) edge higher in Friday’s trading as Morgan Stanley upgrades shares to Overweight from Equal Weight with respective $50 and $62 price targets, saying the stocks have underperformed the broader market and are now reasonably priced. Morgan Stanley’s Carlos De AlbaContinue Reading
