(Bloomberg) — Positioning in the options market suggests South Africa’s rand is poised for a rebound that may be as steep as its rapid decline in December. Most Read from Bloomberg The rand is on track for its worst December performance since 2015, and its biggest quarterly decline in more than two years. That came … Read more
(Bloomberg) — Brazilian companies are buying back stocks at the fastest pace in almost two decades as higher interest rates sink the outlook for equities in Latin America’s largest economy. Most Read from Bloomberg Companies listed in the benchmark Ibovespa index announced at least 54 stock buybacks this year, almost double the amount seen in … Read more
US stocks closed the holiday week on a downbeat note as Wall Street slogged to the finish of a largely triumphant year. The S&P 500 (^GSPC) lost 1.1%, while the tech-heavy Nasdaq Composite (^IXIC) shed 1.5% Friday at the close. The Dow Jones Industrial Average (^DJI) gave up 0.8%. Meanwhile, the 10-year Treasury yield (^TNX) … Read more
ServiceTitan initiated, Viracta downgraded: Wall Street’s top analyst calls The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research calls that investors need to know, as compiled by The Fly. Top Rating Changes: Baird initiated coverage of ServiceTitan (TTAN) with an Outperform rating and … Read more
Investor enthusiasm surrounding artificial intelligence has once again driven the “Magnificent Seven” tech stocks to another banner year, with Tesla (TSLA), Meta (META), Amazon (AMZN), Alphabet (GOOG, GOOGL), and Apple (AAPL) stocks all recently hitting record highs while Nvidia (NVDA) shares boast a more than 175% gain this year. Next year, investors expect the hype … Read more
What’s Going On With Rail Vision Stock On Friday? Rail Vision Ltd. (NASDAQ:RVSN) saw its shares rise on Friday after announcing a major achievement in railway safety. The company revealed it had received certification approval for the installation of its MainLine Systems on Israel Railways’ passenger locomotives. This milestone triggers a $300,000 milestone payment and … Read more
The ongoing AI boom has made energy stocks one of the hottest corners of investing. Once-boring utility companies are soaring as tech giants look to feed their ravenous data centers, while three of the top 10 best performing stocks in the S&P 500 this year are wholesale power providers with nuclear businesses. Meanwhile, all this … Read more
(Reuters) -Tech and growth stocks dragged Wall Street’s main indexes lower on Friday, at the end of an upbeat holiday-shortened week that was driven by expectations around a traditionally strong period for markets. The Dow Jones Industrial Average fell 0.95%, the S&P 500 was down 1.33% and the Nasdaq Composite briefly was down 1.72%. COMMENTS: … Read more
Why Is Coeptis Therapeutics Stock Falling On Friday? Coeptis Therapeutics Holdings, Inc. (NASDAQ:COEP) shares are trading lower on Friday. The firm announced plans to implement a 1-for-20 reverse stock split, which will take effect on December 31. The decision follows authorization from the company’s board of directors and majority stockholders. The reverse stock split aims … Read more
Goodbye Santa rally? U.S. stocks fell Friday as investor sentiment turned gloomy. The Dow Jones Industrial Average closed more than 300 points lower, while the Nasdaq Composite Index, which contains more technology-focused stocks, slid 1.5%. Stocks recovered some ground from sharper declines earlier in the day, however. “Initially the market was so focused on the … Read more