Newsfeeds Archive - Page 138 of 150

1 minute read

Could META Hit $300? Analysts See Meta Platforms As A Multi-Year AI Play With Strong Growth In Sight

April 27, 4:47 PM

Bank of America Securities turned increasingly bullish on Meta Platforms, Inc. (NASDAQ: META), anticipating AI to deliver stronger profitability and revenues in the coming years, after the company posted

What’s Driving Today’s Communication Services Sector (XLC) Rally? 5 Stocks To Watch And What’s Next

By Piero Cingari

April 27, 3:54 PM

The Communication Services Select Sector SPDR Fund (ARCA: XLC) rallied nearly 6% on Thursday, on track to post its second-best performing session so far in 2023.

CHTR

2 minute read

Treasury Yields Rise On Stagflation Threats: Investors Flock To Long-Term Treasury ETFs Expecting Weaker Growth Ahead

By Piero Cingari

April 27, 1:12 PM

Thursday is a negative session for U.S. Treasuries with yields markedly rising across all maturities of the yield curve.

IEF

3 minute read

March PCE Price Index Preview: Here’s Why Fed’s Favorite Inflation Gauge Is A Key Market-Moving Event Before FOMC

By Piero Cingari

April 27, 12:04 PM

Market participants are eagerly awaiting for the March personal consumption expenditure (PCE) price index report from the Bureau of Economic Analysis on Friday (April 28), before the market opens.

BND

2 minute read

US GDP Growth Falls Short Of Expectations In Q1: Markets React To Potential Fed Policy Shift

By Piero Cingari

April 27, 8:52 AM

The U.S. gross domestic product (GDP) increased at a 1.1% annualized pace in the first quarter of 2023, well below analyst expectations of 2% growth, according to advance estimates released Thursday by the Bureau of Economic Analysis.

SPY

2 minute read

Greenback Strengthens: Analyst Sees Bear Trap, Predicts Snapback Rally For USD In May

By Piero Cingari

April 26, 4:40 PM

Bank of America technical analyst Paul Ciana expressed a tactically bullish stance on the dollar, saying that the greenback is set for the second episode of a snapback rally in May.

USDU

1 minute read

First Republic Bank Faces Limit On Fed Borrowing, Loses More Than 25% Of Market Cap In Session

By Piero Cingari

April 26, 4:15 PM

First Republic Bank (NYSE: FRC) is facing a potential FDIC downgrade that would limit the bank's ability to borrow from the Federal Reserve.

FRC

2 minute read

OPEC Warned By EIA Chief: Escalating Oil Prices Fuels Faster EV Adoption And Clean Energy Revolution

By Piero Cingari

April 26, 12:12 PM

Fatih Barol, executive director of the International Energy Association (IEA), is cautioning OPEC countries that efforts to raise oil prices could have a detrimental effect on global growth and risks accelerating the transition to renewable energy.

USO