ADVFN US – Market Content Editor
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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,…
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European Midday Briefing: Mood Brighter After China Rebound; More U.S. Bank Earnings Ahead
MARKET WRAPS Stocks: European stocks moved higher on Tuesday, with sentiment buoyed by some robust economic growth data from China. China’s economy expanded 4.5% in the first quarter of the year compared with the same three months a year earlier, a better performance than the 4% pace expected by economists. The rebound tees up a…
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Top Company News of the Day
Tesla Faces a Tougher Road Ahead in China The company hasn’t said why it won’t join the more than 100 exhibitors packing China’s most prestigious industry event. DOJ Opposes Protection for Johnson & Johnson in Second Talc Bankruptcy U.S. bankruptcy watchdog says talc affiliate’s repeat chapter 11 faces “possibly insurmountable obstacles.” Florida Gov. Ron DeSantis…
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Crypto this Monday: BTC Below $30K, SEC Accuses Bittrex, Argentina Approves Offer of BTC Futures Contracts
Bitcoin price drops below $29,500 on Monday After hitting a yearly high of $30,975 last Friday, Bitcoin price is under pressure today and has dropped below $29,500 for the first time in a week. Analysts are considering whether the dip was a technical correction or whether it comes from an unusually large sell delta for Bitfinex. The…