It is truly remarkable to witness the impact that analyst calls can have on the stock market. Wells Fargo’s decision to raise AMD’s price target by $15 to $205, based on the company’s acquisition in the artificial intelligence space, highlights the significance of these calls. With an overweight rating and a positive outlook for AMD’s
Investing
As we move into the second half of the year, it is essential to look at the current stock market landscape and identify opportunities for investment. Bernstein has recently released a selection of stocks that are deemed attractive based on both quantitative and fundamental analysis. This approach aims to provide a well-rounded perspective on potential
The upcoming main market event this week is the release of the June consumer price index report, which has the potential to provide crucial insights into the Federal Reserve’s decision regarding interest rates. Economists are expecting that the CPI would have risen by 0.1% month over month in June and 3.1% year over year. Additionally,
Goldman Sachs reiterated its buy rating on shares of Alphabet and Meta, raising their price targets for both companies. The decision was based on raised estimates and valuation multiples. The firm sees potential for growth in both companies and believes investors should capitalize on the opportunity. Stifel initiated RH as a buy, highlighting the furniture
The French stock market has experienced a period of heightened volatility due to political news, leading to a significant pullback in June. The CAC 40, which is considered the primary benchmark index for French stocks, has faced a correction of almost 10% since reaching its peak in March. This decline has undoubtedly created uncertainty among
Investors seeking stocks with strong balance sheets and solid growth prospects may want to consider Chipmaker Micron Technology (MU). The company recently reported impressive results for the fiscal third quarter, beating expectations on both the top and bottom lines. This performance was driven by the demand created by the ongoing artificial intelligence (AI) wave, leading
Mainland China investors have been closely monitoring the performance of U.S. stocks, while expressing disappointment in the lackluster performance of stocks at home. Despite macroeconomic differences and the absence of Chinese stocks experiencing significant price jumps like Nvidia, there are still notable performers in the Chinese stock market. One such example is Apple supplier Foxconn
As the stock market continues to soar, propelled by the demand for artificial intelligence (AI), traditional semiconductor stocks and technology giants are not the only players benefiting from this trend. According to RBC Capital Markets, AI is poised to become the next disruptive mega-trend, reshaping the way businesses, communities, and individuals interact with machines. While
Bank of America’s recent analysis highlighted Carnival as a stock with promising potential heading into the second half of the year. Despite facing challenges in recent years due to the global pandemic, Carnival managed to surpass expectations with better-than-expected earnings in late June. Analyst Andrew Didora noted that the company’s cruise spend remains healthy, and
As we head into the second half of 2024, the investment firm BTIG has shared its latest additions to its list of top stock picks. While the year started off with investors expecting a broadening of the market rally, BTIG’s chief market technician, Jonathan Krinsky, is now expressing doubts about this outcome. With the S