ADVFN US – Market Content Editor
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Wells Fargo Cuts S&P 500 Target to 7,700, Warns of 5%-10% Near-Term Downside
Wells Fargo has lowered its year-end 2026 S&P 500 target to 7,700 from 7,950, citing concerns about equity valuations, investor positioning and liquidity conditions. The firm now forecasts potential near-term downside of 5% to 10%. In a research note, analysts led by Ohsung Kwon raised their earnings-per-share forecasts to $425 for 2027 and $460 for…
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Piper Sandler Flags Weakening Market Breadth as S&P 500 Declines 0.48%
Piper Sandler has advised caution on increasing equity exposure, citing deteriorating intermediate-term market breadth and momentum despite gains in selected sectors of the US stock market. In a note released Wednesday, the firm highlighted differences in performance across major indices and sectors. The S&P 500 declined 0.48% on Tuesday, while its equal-weighted counterpart gained 0.04%,…
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Oppenheimer Says Commodity Index Breakout Remains Narrow, Limiting Inflation Risks for Equities
Oppenheimer technical analyst Ari Wald said the Bloomberg Commodity Index’s move above a resistance level dating back to 2014 does not currently indicate a broad-based inflationary threat to equity markets, citing limited participation across individual commodities. The index has surpassed a technical threshold that had remained in place for more than a decade. However, Wald…
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Citi Forecasts Widening Memory Chip Shortages Through 2031 as AI Demand Expands
Citi expects shortages across the global memory semiconductor market to deepen through 2031, driven by increasing demand for high-bandwidth memory (HBM), DRAM and NAND as artificial intelligence systems adopt continual learning. In a research note published Monday, the investment bank identified continual learning as a potential central theme in AI development over the next five…
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Bank of America Sets 12-Month S&P 500 Target at 7,800, Sees 2% Upside
Bank of America (BofA) has introduced a 12-month target of 7,800 for the S&P 500, implying approximately 2% upside from current levels, while raising its year-end forecast and identifying several risks to US equities. In a note published this week, strategist Savita Subramanian increased the bank’s year-end target to 7,400 from 7,100. The revised projection…
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Capital Economics Warns AI Bubble Collapse Could Trigger 30% US Stock Market Decline
Capital Economics has outlined the potential consequences of a collapse in artificial intelligence-related stock valuations, forecasting substantial declines in global equities, limited gains in some government bonds and a weaker US dollar. In a note published this week, chief economic adviser John Higgins said he sees “plenty of signs that we are now in the…
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Nasdaq Leads Wall Street Higher as Falling Yields Cap a Turbulent Fed Week
U.S. stocks finished narrowly mixed on Friday, closing out a volatile week on a steadier note as a pullback in Treasury yields helped support technology shares. The Nasdaq Composite led the way, while the S&P 500 edged higher and the Dow slipped modestly. The gains capped a stretch dominated by the Federal Reserve, which earlier…
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SpaceX adds $946M NASA crew deal through 2030
NASA awarded SpaceX three additional ISS crew missions worth $946 million, lifting their Commercial Crew contract to $5.92 billion.
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Orion180 falls below IPO price in Nasdaq debut
Orion180 shares opened below their $12 IPO price after the homeowners insurer accepted a substantial discount to its marketed range.
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FTSE 100 falls as Hormuz risk eclipses retail beat
The FTSE 100 fell 1.45 per cent as a Hormuz tanker attack and Saudi supply disruption outweighed stronger U.K. retail sales.