Category: Include on Menu
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UK Inflation Rate Worries, EU’s Record Gas Storage, Airline Industry Recovery Signs
UK Inflation Rate Worries The annual inflation rate in the UK remained in double digits in March, reaching 10.1%, raising concerns of further interest rate hikes by the Bank of England. Despite a drop in petrol and diesel prices, the costs of food, recreation, and culture caused consumer price inflation to remain high. The previous…
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Top Company News of the Day: ASML, Telecom Italia, Twitter, Fox
ASML Sees Good Overall Demand ASML said first-quarter net sales and gross margin beat guidance as it forecast 2023 sales growth of over 25% compared with 2022, and despite some mixed signals on demand, overall demand still exceeded its capacity for this year. Telecom Italia Gets New Bids From Network-Assets Suitors Telecom Italia said it…
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Netflix Gains 1.75M Subscribers, Boeing Stock Jumps
Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business The streaming service ended the first quarter with 232.5 million customers and said a password-sharing crackdown in the U.S. would be coming soon. Fox to Pay $787 Million to Settle Dominion’s Defamation Lawsuit The settlement averts a trial on the voting-machine company’s allegations that it was defamed…
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Nvidia Can Be THE AI Stock Market Darling: Upgrade To Buy Rating & $400 Target
Report written by Chaim Siegel of Elazar Advisors, LLC We’re moving to a Buy Rating on Nvidia. The main driver for Nvidia is Data Center. The company said on their last earnings call that Data Center should accelerate this quarter and continue to accelerate through the year. Running that through to 2024 gets me nice…
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Crypto Daily: Nike Launches “Our Force 1” NFTs, Luno Leaves Singapore, Nuvei’s FTX Engagement, and More
Nike launches digital sneaker collection Months after the debut of the Swoosh platform, Nike (NYSE:NKE) is dropping its first NFTs there. The Our Force 1 (OF1) collection will consist of Non-Fungible Tokens (NFTs) of Polygon virtual shoes designed to honor the iconic Nike Air Force 1 shoe with over 40 years of history. Two types will be…
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Tuesday’s Wall Street Highlights: Goldman Sachs, Bank of America, J&J, Apple and more
Main subjects of the day US stock futures were higher in premarket Tuesday, buoyed by first quarter earnings from J&J and Bank of America, which suggested companies are doing better than feared in this challenging economic environment. At 08h12, Dow Jones futures gained 37 points, or +0.11%. S&P 500 and Nasdaq-100 futures were up 0.40% and…
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Tuesday’s Top Analyst Upgrades Downgrades: Block, Hasbro, McDonald’s, Pioneer Natural Resources, Tyson Foods, Warner Bros Discovery and More
The futures traded lower in what will be a busy week for economic data on Wall Street. The major indexes finished Monday mixed, with the tech-heavy Nasdaq the only loser on the day, and barely one at that. It was down just 0.03% to close at 12,804. Top strategists will be watching closely as the…
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Upbeat Earnings News May Lead To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to add to the modest gains posted in the previous session. The upward momentum on Wall Street partly reflects a positive reaction to the latest batch of corporate earnings news. Shares of Bank of America (BAC)…
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US close: Stocks higher as traders await earnings
Wall Street stocks closed higher on Monday as market participants braced for a week full of quarterly earnings reports. At the close, the Dow Jones Industrial Average was up 0.30% at 33,987.18, while the S&P 500 advanced 0.33% to 4,151.32 and the Nasdaq Composite saw out the session 0.28% firmer at 12,157.72. The Dow closed…
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US Futures Flat, European Stocks Rise Amid Focus on Earnings, Fed Rates
In the U.S., futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 grew 0.3% in morning trading. Polymetal International added 7.7% and Demant rose 6.6%. On the other hand,…