In a week marked by the start of the earnings season, the stock boards unveiled a mixed bag of performances across key sectors of financials, industrials, and consumer staples. While most of the market is focused on artificial intelligence and technology, the resiliency of the U.S. economy this year isContinue Reading
Wachiwit/iStock Editorial via Getty Images A number of Wall Street firms in recent days have upped their estimates for Apple’s (NASDAQ:AAPL) iPhone, citing stabilization in regions like China and even in the U.S. And while the benefits are obvious to Apple, the read-through for Apple suppliers is less clear. ResearchContinue Reading
sharrocks/iStock Unreleased via Getty Images UBS said PNC Financial (NYSE:PNC) appears better positioned to benefit from an improvement in demand, as it awaits the return to broader loan growth during the second half of the year. The brokerage upgraded PNC to Buy from Neutral on Monday and set a PTContinue Reading
Holly Guerrio/iStock Editorial via Getty Images Cinemark (NYSE:CNK) was upgraded by B. Riley to “Buy” from “Neutral,” with ratings firm expecting an upside for the shares of the movie theater chain versus its industry peers. B. Riley acknowledged that while most of the group has lagged during 2024, it “underestimatedContinue Reading
Zolak The number of Americans filing new claims for unemployment benefits rose 4K to 238K after having declined for two weeks. The prior week’s claims were revised 1K higher to 234K. Analyst had expected claims of 233K in the latest week. The 4-week moving average was 238,500, an increase ofContinue Reading
da-kuk/E+ via Getty Images London (UKX) +0.39% Germany (DAX:IND) +0.47% Germany Composite PMI was revised slightly lower to 50.4 in June. France (CAC:IND) +0.85% France Services PMI rose to 49.6 in June. Government budget deficit widened to €113.50B in January to May 2024 from €107.22B last year. Spain Services PMIContinue Reading
da-kuk/E+ via Getty Images London (UKX) +0.55% Germany (DAX:IND) +0.85% The GfK Consumer Climate Indicator for Germany dropped to -21.8 heading into July 2024. France (CAC:IND) +0.41% The consumer confidence indicator in France fell to 89 in June 2024. The pan-European Stoxx 600 (STOXX) moved 0.61% higher, bouncing back fromContinue Reading
Monaco City, Monaco, June 21st, 2024, Chainwire Memereum Achieves Significant Milestone Memereum (MEME) sold over 1 million tokens within hours of its presale, reaching a total of over 24 million tokens sold in it’s current presale phase. The team views this rapid progress as an indication of strong market demandContinue Reading
