As of April 5, 2024, three stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Morgan Stanley looked at the clean tech sector, predicting lower interest rates and deflation of core techs in 2024. They upgraded First Solar and highlighted 4 stocks with Overweight ratings, and 2 with Underweight ratings.
The AES Corp (NYSE: AES) is reportedly negotiating to sell its majority interest in one of the largest coal-fired power plants in Vietnam.
The move is a part of the company's global strategy to divest coal assets by the end of 2025, as per Reuters.
Companies Reporting Before The Bell
• AudioCodes (NASDAQ:AUDC) is estimated to report quarterly earnings at $0.18 per share on revenue of $61.52 million.
HSBC raised the price target for Constellation Brands, Inc. (NYSE: STZ) from $280 to $290. HSBC analyst Carlos Laboy maintained a Buy rating. Constellation shares fell 3.2% to close at $241.33 on Thursday.