Daniel Balakov Research firm Piper Sandler weighed in on a basket of enterprise software stocks on Friday, noting that it has concerns about the weakening macro background and how it could impact lower growth rates for the sector. “We are proactively lowering growth estimates and PTs across our coverage listContinue Reading
JHVEPhoto Seagate Technology (NASDAQ:STX) and Western Digital (NASDAQ:WDC) were in focus on Friday as Citi reiterated its Buy ratings on the storage makers and added a 90-day catalyst watch to Western Digital. Shares of both companies were little changed in premarket trading. After several quarters of the storage market dealingContinue Reading
Gold prices were set for a third week of gains on Friday as easing inflation boosted optimism over a rate cut by the Federal Reserve, while Brent Crude prices (CO1:COM) rose above $86 a barrel, even though it was set for a weekly drop. Spot gold (XAUUSD:CUR), down -0.5% toContinue Reading
Los Angeles, United States, July 9th, 2024, Chainwire Phoenix Memecoin ($PHNX) is gaining attention for its unique combination of innovative technology and a strong, community-oriented approach. About Phoenix Memecoin ($PHNX) Phoenix Memecoin ($PHNX) is a new cryptocurrency designed to symbolize rebirth and innovation within the crypto world. Supported by aContinue Reading
hapabapa Amazon (NASDAQ:AMZN) is discontinuing its security robot Astro for Business for small- and medium-sized businesses, to focus on household robots, Reuters reported. The company introduced the Wall-E-like robot for household use in 2021. Astro for Business, which was priced at $2,349.99, was unveiled in November 2023 for a rangeContinue Reading
da-kuk/E+ via Getty Images London (UKX) +0.56% with parliamentary election in focus. Investors will be closely watching how the Labour Party can gather a majority vote, to replace the Conservatives after 14 years. Germany (DAX:IND) +0.23% Germany June construction PMI 39.7 vs 38.5 prior; Germany May industrial orders -1.6% vsContinue Reading
Michael Vi Dell Technologies (NYSE:DELL), Amazon (NASDAQ:AMZN) and Amphenol (NYSE:APH) were in focus on Wednesday as Bank of America reconfigured its US 1 list, which represents the investment firm’s best investment ideas among its Buy rated stocks. Dell was added to the list; shares rose 1.1% in premarket trading. SharesContinue Reading
chachamal Asia-Pacific equity markets mostly rose on Wednesday, tracking gains on Wall Street overnight, as major US technology stocks pushed the S&P 500 and Nasdaq Composite to new record closes. Japan (NKY:IND) +1.26%. Japan’s PMI was revised lower to 49.4 in June from preliminary data. China (SHCOMP) -0.49%. A privateContinue 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
