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A confluence of positive factors could drive strong gains for Veeva Systems, a cloud-based software provider for the life sciences industry, according to Goldman Sachs. Goldman initiated coverage of the stock with a buy rating and a price target of $253 per share, which implies upside of about 34% from Wednesday’s close. The company is … Read more
India is now “emerging as something very exciting,” thanks in part to technology and government policies, according to Mark Mobius. “Right now, we’re focusing more and more on India,” Mobius, founding partner at Mobius Capital Partners, told CNBC’s “Squawk Box Asia” on Tuesday. The veteran investor made his name at Franklin Templeton and is seen … Read more
Exxon Mobil ‘s divergent corporate strategy has put it in position to capitalize on the jump in oil prices, according to Credit Suisse. Analyst Manav Gupta upgraded Exxon Mobil to outperform from neutral, saying in a note to clients Tuesday that the oil giant’s continued investment in fossil fuels will pay off for investors in … Read more
Traders on the floor of the NYSE, June 16, 2022. Source: NYSE Stock futures rose in overnight trading Monday following a brutal week as investors assessed a more aggressive Federal Reserve and rising chances of a recession. Futures on the Dow Jones Industrial Average gained more than 250 points. S&P 500 futures climbed 1.1% and … Read more
It’s a tough year to be invested in stocks, with the stock market experiencing a seemingly never-ending cycle of gyrations. Major U.S. indexes fell last week, with the Dow Jones Industrial Average ending the week at 29,888.78 — just a day after it dipped below the key 30,000 level for the first time since January … Read more
Brex Co-Founder & CEO Henrique Dubugras speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 02, 2019 in San Francisco, California. Steve Jennings | Getty Images Brex, the Silicon Valley lender to start-ups, is dropping tens of thousands of small business customers to focus on bigger venture-backed clients, according to … Read more
Longtime investor Ron Baron believes investors are being presented with a once-in-a-lifetime buying opportunity after stocks fell into a bear market on fears of a recession. “Hope you’re able to get someone or lots of someone to tell your viewers that this is HUGE once in generation BUYING opportunity,” Baron said in an email sent … Read more
Analysts at Goldman Sachs and Bank of America have picked their top energy stocks, with those involved in hydrogen, electric vehicles and renewables among their favorites. The sector certainly looks hot right now, with the iShares Global Energy ETF up around 30% year-to-date as investors react to sky-high energy prices. In a note from June … Read more
Stock futures rose modestly on Thursday evening as Wall Street tries to find its footing after a brutal week of selling. Futures tied to the Dow Jones Industrial Average gained 103 points, or 0.3%. Those for the S&P 500 added 0.4%, while Nasdaq 100 futures climbed 0.5%. The moves come as investors are increasingly worried … Read more
The Carnival Cruise Ship ‘Carnival Vista’ heads out to sea in the Miami harbor entrance known as Government Cut in Miami, Florida June 2, 2018. RHONA WISE | AFP | Getty Images Here are the stocks making headlines in midday trading Thursday. Warner Bros. Discovery — Shares dropped more than 8% following a downgrade to … Read more