Category: Latest News
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Pfizer Nears $7.3 Billion Acquisition of Weight-Loss Drugmaker Metsera – FT
Pfizer Inc (NYSE:PFE) is reportedly close to launching a $7.3 billion takeover bid for anti-obesity drug developer Metsera Inc (NASDAQ:MTSR), in what could be the company’s largest deal in two years and strengthen its position in the weight-loss drug market, the Financial Times reported Monday. The offer reportedly values Metsera at $47.50 per share in…
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Trend Followers Continue Adding Equities as Volatility Falls, Says BofA
Trend-following investors have been steadily increasing their U.S. equity positions as realized market volatility declines, according to Bank of America. The bank noted that Commodity Trading Advisors (CTAs) “have been running maximum long positions in S&P 500, Nasdaq 100 and Nikkei 225 futures for some time now,” and the easing of volatility likely encouraged continued…
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Bank of America study warns AI could upend millions of U.S. jobs
Artificial intelligence is poised to significantly reshape the U.S. labor market, with certain professions more exposed than others, according to a new report from Bank of America. The research underscores that jobs involving repetitive or routine functions—whether mental or physical—are the most susceptible to disruption. Fast food and counter staff, retail sales clerks, and cashiers…
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UBS: Wall Street’s Bull Run Still “Intact,” But Markets Reflect “a Lot of Optimism”
UBS analysts believe the U.S. equity rally remains firmly in place and could stretch into next year, though they caution that current valuations may already be factoring in “a lot of optimism.” In a note adopting a neutral stance on U.S. stocks, strategist David Lefkowitz and his team stressed that their view is not a…
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JPMorgan Sees Small- and Mid-Caps Set to Outperform Large-Caps by Up to 60%
Analysts at JPMorgan are forecasting a strong period for small- and mid-cap stocks, projecting potential gains of 30–60% relative to large-cap equities over the next three years. “Small-Caps have been underperforming Large-Caps for a long while, which seems fair as they represent a low quality pool of stocks, but one that could perhaps outperform from…
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Hedge Funds Exit Stocks as Institutions Keep Buying, Says BofA
Bank of America Securities reported that U.S. equity markets saw a shift in client activity last week, with overall flows turning negative for the first time in three weeks. According to the bank’s Tuesday note, $1.6 billion in outflows from individual stocks outweighed $1.2 billion of inflows into equity ETFs. The selling was primarily driven…
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UBS Upgrades Base Metals Outlook on Macro Strength and Tight Markets
UBS has raised its projections for base metals, pointing to a stronger macro environment, tighter supply dynamics, and steady demand across key commodities. In its latest outlook, the bank confirmed it has made “positive revisions to base metals forecasts, with a preference for copper & aluminium,” while cutting estimates for nickel and keeping a cautious…
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Barclays: AI craze a “major driver” of single-stock swings
Volatility in U.S. stocks—or the surprising lack of it—has left investors scratching their heads in recent months, according to Barclays analysts. After market turbulence triggered by President Donald Trump’s announcement of sweeping “reciprocal” tariffs in early April, volatility in the S&P 500 has sharply declined, even as the benchmark index reached new highs. This drop…
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Piper Sandler: S&P 500 at 6,600 Could Be a Pause, Not a Peak
The S&P 500 has already broken through Piper Sandler’s year-end forecast of 6,600, notching an all-time high of 6,619. But according to the firm’s strategists, the rally is likely not over yet. “Given the strong underlying trends and broadening breadth in this bull market, we suspect the 6,600 level may just be a ‘pit-stop’ before…
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Trump Faces Growing Inflation Pressure; Utilities Could Be Next Target – BofA’s Hartnett
Global and U.S. equity funds experienced their largest weekly inflows since December, according to Bank of America data. Investors added $68.4 billion to global stock funds in the week ending September 17, with $57.7 billion directed into U.S. equities. Emerging markets attracted $7.6 billion, marking a five-month high, led by $5.4 billion into China. Cash…