Igor Kutyaev Five times more capital has flowed into bond funds year-to-date, according to data from the Investment Company Institute. Fund investors added $8.3B long-term last week, 17% more than the prior four-week average of $7.1B. They have added way more to their fixed income holdings so far this yearContinue Reading
imaginima/iStock via Getty Images Algonquin Power (NYSE:AQN) edges lower in Monday’s trading after giving up early-session gains that followed Wells Fargo’s addition of the stock to its Q3 Tactical Ideas List, reiterating its Overweight rating and $8.50 price target while viewing the likely sale of the company’s renewables platform asContinue Reading
sodafish/iStock via Getty Images Omnicom (NYSE:OMC) was added to Well Fargo’s third quarter tactical ideas list on Monday, and the bank expects a positive set-up for near-term outperformance for the media, marketing, and corporate communications holding company. Wells Fargo lists out that among key catalysts for Omnicom (OMC) are expectationsContinue Reading
Sundry Photography Snowflake (NYSE:SNOW), Global-E Online (NASDAQ:GLBE) and Fox Corp. (NASDAQ:FOXA) were added to Goldman Sachs America’s Conviction List on Monday. In conjunction, the investment firm removed monday.com (MNDY) and Quanterix (QTRX). Snowflake has an “attractive entry point” at current levels, analyst Kash Rangan said, citing increased usage of dataContinue Reading
hapabapa Microsoft’s (NASDAQ:MSFT) multi-billion dollar investment into generative artificial intelligence company OpenAI may face additional scrutiny from the European Union’s antitrust chief over its use of Microsoft’s cloud technology, Bloomberg reported. Microsoft shares were fractionally higher in on Friday. Margrethe Vestager, the Executive Vice President of the European Commission, isContinue Reading
Miguel Fernandez Castro/iStock via Getty Images Align Technology (NASDAQ:ALGN) was added as a new short idea at Hedgeye with the potential for 20% downside from current levels. “Our data suggests continued softness in ALGN’s North American GP utilization heading into 2Q24 and slight miss in 2Q24 revenue, a decent catalystContinue Reading
