Author: Bruno T
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Keep An Eye Out: Pre-Market Movers And Recommendations
ANALYST RECOMMENDATIONS: Biogen (NASDAQ:BIIB): RBC Capital maintains its outperform rating and reduces the target price from $357 to $351 Cbre (NYSE:CBRE): Raymond James maintains its strong buy recommendation and reduces the target price from $100 to $95. Csx (NASDAQ:CSX): Barclays maintains its overweight recommendation and reduces the target price from $40 to $38. Diamondback (NASDAQ:FANG):…
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Treasuries Rise Again To 16-year highs
Projected interest rates on US Treasury bonds closed the session higher following hawkish comments from Federal Reserve officials, which reminded investors that resilience in the US economy likely means that borrowing costs will remain higher for longer. That outlook helped 10-year Treasury yields rise to 16-year highs today in a bond selloff that, combined with…
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Oil Futures End The Day On a High With Restricted Supply Helping Recovery
Oil futures prices ended the day higher after falling to three-week lows, weighed down by a stronger US dollar and increasingly gloomy global economic signals, but supported by tightening oil supplies . Prices fell early in the day as the U.S. dollar rose to a 10-month high against a basket of major currencies. The strengthening…
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USA Records 9.610 Million Job Openings In August, Says Jolts Report
The United States registered 9.610 million job openings on the last working day of August, an increase compared to the 8.920 million registered a month earlier (revised data), according to the employment and vacancy report (olts) released by the Department of Labor, which does not include the rural sector. There were 5.857 million hires in…
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Keep An Eye Out: Pre-Market Movers And Recommendations
Stocks in focus in premarket trade on Tuesday, October 3rd. Don’t Trade Without Seeing The Orderbook Point Biopharma (NASDAQ:PNT) shares spiked after Eli Lilly & Co (NYSE:LLY) announced that it had agreed to buy the cancer biotech for around $1.4 billion to expand its oncology therapies into radioligand treatments, which deliver radiation to tumor cells at…
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GDP Has Been Confirmed At 2.1% For The Second Quarter; Weekly Jobless Claims Edge Higher
The Gross Domestic Product (GDP) for the second quarter of 2023 in the United States showed an increase of 2.1% when considering the annualized rate, according to the third reading released by the Bureau of Economic Analysis on Thursday, the 28th. There were no revisions compared to the second reading. In the first quarter, the…
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Oil Prices Climb $1 As Markets Focus On Supply Tightness
Oil prices surged by over $1 on Wednesday, with the market’s attention firmly fixed on supply constraints leading into the winter months and the prospect of a “soft landing” for the U.S. economy. Brent crude futures (CCOM:OILBRENT) advanced to $95, marking a gain of $1.14 and reaching $95.10 per barrel. Simultaneously, U.S. West Texas Intermediate…
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Keep An Eye Out: Pre-Market Movers And Recommendations
Don’t Trade Without Seeing The Orderbook Blackstone (NYSE:BX): BNP Paribas Exane maintains its neutral recommendation with a price target raised from $98 to $103. Cardinal Health (NYSE:CAH): Baptista Research downgrades to underperform from hold with a price target reduced from $90.10 to $78.70. Costco Wholesale (NASDAQ:COST): Raymond James maintains its outperform rating and raises the…
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Tritium Reports Record Revenue And Plans For Growth Amid New Partnerships
Tritium (NASDAQ:DCFC), a prominent provider of electric vehicle (EV) charging solutions, has reported record-breaking revenue for the fiscal year ending on June 30, 2023, reaching an impressive $185 million, marking a substantial 115% year-over-year increase. Notably, the company has also achieved a substantial enhancement in its gross margin, which reached 4% for the initial half…
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Keep An Eye Out: Pre-Market Movers And Recommendations
Here are some of the biggest premarket U.S. stock movers today: Don’t Trade Without Seeing The Orderbook Tesla (NASDAQ:TSLA) stock fell 0.8% after the Financial Times reported that the EV manufacturer’s export vehicles from China to the European Union will be included in the EU’s investigation into whether China’s electric vehicle industry is benefiting from unfair subsidies. United…