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Asian Stocks Advance, Tech Stocks Boost U.S. Stocks: Market Roundup
(Bloomberg) - In the world's biggest tech company's anti...
Category: stocks
Artificial Intelligence is Coming to Wall Street: Banks Reportedly Considering Cutting Analyst Hiring by Two Thirds
"The simple idea is that you just replace junior people with AI tools," a Deutsche Bank chief strategy officer told the New York Times.
Stocks' best assumptions about interest rates dashed after March CPI release
Not only are the number of rate cuts diminishing in the bank's forecast, but Larry Summers warns that the odds of another rate hike have risen after March's CPI.
With a June rate cut still on the table, investors should buy stocks immediately after the CPI drop, according to Fundstrat
"Do you believe this is actually a very good CPI report? I think there's a chart that explains it," says Fundstrat's Tom Lee.
Resonance hopes to win market share at Olympic Games
Kreson will launch new sportswear for its sponsorship of the U.S. and Kenya Olympic teams to strengthen its position as a brand of performance equipment for top athletes and consumers alike. After a long sales slump, this summer's Paris Olympics provide a new opportunity for Kreson to draw the world's attention to its so-called performance products, such as running shoes, as the official supplier of the U.S. team. Resonance's High-Box running shoes, which will be on display at the Olympics, will have a relatively limited audience, mainly amateur runners who are willing to pay $285 for the newest version of Resonance's Alphafly 3 running shoes.
Shopify Stock (NYSE:SHOP): Can High Growth Justify High Valuations?
Shopify stock (NYSE:SHOP) has risen about 66% over the past year, reflecting the company's continued success in maintaining superior growth metrics. As the leading platform for building e-commerce stores, Shopify has been driving strong GMV, revenue, and free cash flow growth, which has boosted investor confidence in the stock. However, Shopify's continued rally reminds me of an ever-present question surrounding the stock - its valuation. Importantly, Shopify stock's premium doesn't provide a margin of safety. As a result, I
Social Media Company's Market Cap Falls Below $5 Billion as Trading Volatility Causes Trump Media to Plunge
Shares of Trump Media fell 10% on Wednesday, causing the company's market capitalization to fall below $5 billion for the first time since its IPO.
Stocks heading into decade-long 'death' zone with losses comparable to when dot-com bubble burst, fund manager says
A top fund manager warns that the S&P 500 will see weak returns for a decade as the economy "reeks of inflation."
SAP, WIX, GTLB: Which "Strong Buy" Tech Stock Is Best?
It's not just the "Magnificent Seven" tech stocks that are benefiting from the ongoing artificial intelligence (AI) revolution. There is plenty of growth potential elsewhere as well. That's why, in this post, we'll use TipRanks' comparison tool to examine three lesser-known tech companies - SAP, WIX, and GTLB - whose AI growth prospects deserve more attention from investors. There's a reason each company has received a "Strong Buy" rating from analysts: they're all AI GARPs (or AI Growth A's).
Bank of America Merrill Lynch cuts Tesla's target share price, saying weak demand will hurt the company unless it cuts prices further
"We believe that it will be very difficult for the company to generate additional sales through its existing product portfolio or without further price reductions," BofA said.
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