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  • Nov 15, 2024

Oppenheimer Signals Buy on 2 Data Storage Stocks — Here’s Why They’re Bullish

2024 is heading into its final stretch, and it’s natural now to try to figure out what trends will support the stock markets going forward. One key factor that we can’t ignore is the continuing boom in artificial intelligence. Advances in AI technology have boosted the tech sector generally – but those gains have been especially strong in AI-related stock segments such as semiconductor chips, data center services, and data storage. The last in particular deserves a closer look. Data is a main be

  • Nov 15, 2024

Boston Fed president says December rate cut not a 'done deal', WSJ reports

Federal Reserve Bank of Boston President Susan Collins said in an interview with the Wall Street Journal that another rate cut in December is on the table, but it is not a "done deal". "There's more data that we will see between now and December, and we'll have to continue to weigh what makes sense," Collins was quoted as saying in remarks made on Thursday. "I don't see an argument for maintaining restrictive policy when there is not evidence of new price pressures, and the old dynamics are perhaps unevenly and gradually resolving over time."

  • Nov 15, 2024

These 2 “Strong Buy” Penny Stocks Are Set to Triple (or more), Say Analysts

The year is winding down, but the bull markets are still charging ahead, getting a boost from improved sentiment after the presidential election. While the next few months will be a time of transition, a few things are likely. The Trump administration is expected to pursue a far looser regulatory policy than the outgoing Biden government. Plans for individual tax cuts are projected to drive consumer spending, while reductions in corporate taxes could deliver an immediate boost to earnings. While

  • Nov 15, 2024

Citigroup warns Trump's policies may slow growth in emerging markets

The brokerage said in a note on Thursday it expects Trump's trade policies to be a drag on global growth, while consequent U.S. dollar strength could further pressure emerging market assets. It expects Saudi Arabia and India to be less exposed to trade risks, and upgraded the top oil exporter to "overweight" from "underweight".

  • Nov 15, 2024

Investors circle the Trump trade's global market victims

Big global investors are exiting popular trades that bet on U.S. President-elect Donald Trump’s tax and tariff policies boosting Wall Street and wreaking damage abroad and swooping in on some of the Nov. 5 election's biggest market victims. After U.S. stocks and the dollar bounced on Trump's growth agenda and trade war fears pressured Chinese, European and emerging market assets, money managers are hunting for bargains in places where pessimism may have gone too far. "The thesis that Trump is good for the U.S. and bad for the rest of the world is a very common narrative," said John Roe, head of multi-asset funds at Legal & General Investment Management, which manages 1.2 trillion pounds ($1.52 trillion) of investments.

  • Nov 15, 2024

US Stocks Have Already Reversed a Third of Post-Election Rally

(Bloomberg) -- A pullback in the S&P 500 that’s already trimmed about a third off the index’s post-election rally is set to continue Friday, as sticky inflation and hawkish comments from the Federal Reserve weigh on sentiment.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and Emissi

  • Nov 15, 2024

Hong Kong bitcoin ETFs finally see trading surge after Trump bump in the US

Surging bitcoin prices following the election of Donald Trump as the next US president have finally given Hong Kong's spot cryptocurrency exchange-traded funds (ETFs) a boost this week, with trading volume surging to a three-month high. Hong Kong's three ETFs that invest directly in bitcoin this week became active trading targets with about HK$135 million (US$17.3 million) changing hands on Tuesday. On most days since the ETFs launched in April, their total daily trading volume lingered below US

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