Fritz Jorgensen/iStock Editorial via Getty Images Meta Platforms stock (NASDAQ:META) was one of the top movers to the downside in Communication Services Friday, -1.7%, after Edgewater Research pointed to some ongoing “elements of weakness” in the company’s ad performance. “Once again [direct response] campaign efficiency remains under pressure across muchContinue Reading
hapabapa ServiceNow’s (NYSE:NOW) stock fell about 3% premarket on Monday after Guggenheim downgraded the shares to Sell from Neutral noting that the second quarter of 2024 is fine, but future risks don’t match valuation. The firm introduced a price target of $640 on the shares of the Santa Clara, Calif.-basedContinue Reading
Andrei Berezovskii/iStock Editorial via Getty Images The semiconductor industry was in the spotlight on Tuesday as Bank of America noted that recent data showed relative weighting for the industry continued to decline amongst active manager, despite the strong performance for the sector year-to-date. The relative weighting fell 9% quarter-over-quarter toContinue Reading
FeelPic Gold prices (XAUUSD:CUR) ticked lower on Tuesday, pressured by a firmer U.S. dollar index (DXY), while oil prices edged up on hopes of better demand during summer and rising geopolitical tensions. A strong dollar causes the gold price to rise in other currencies, leading to selling pressure, while higherContinue Reading
CGinspiration/E+ via Getty Images Spain’s Manufacturing PMI ((Purchasing Managers’ Index)) dropped to 52.30 points in June from 54 points in May 2024, signalling a slower, and more modest rate of expansion. Supporting the PMI in June were concurrent, but slower, increases in both output and new orders. Manufacturers also notedContinue Reading
