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That's bullish for the S&P 500, which derives a high percentage of earnings from the sector. The bank predicted that manufacturing activity could expand as soon as April this year.
On Monday, Bank of America upgraded the consumer discretionary sector to Overweight from Underweight, citing its economics team's recent call that the Fed's rate hike cycle won't end in a recession.
Tesla stock gained nearly 9% on Monday, sending shares to their highest level since early 2022 and giving the company a market cap north of $1.1 trillion amid optimism that the electric vehicle ...
Here's what else happened today: From Rolexes to homes, patient retail bulls who bought bitcoin early are cashing in. The stock market boom will end in 2025 as investors punish the US for its ...
More evidence that the Fed is cutting rates amid this ideal backdrop would be a bullish outcome for equities, per Citi's Kaiser. But the data this week still poses a large risk to that narrative.
Nvidia stock rose 4% in Tuesday, notching its fifth straight day of gains. Wall Street analysts at KeyBanc, Citi ( C ), Bernstein, and several other investment firms reiterated their Buy ratings ...
Apple hit an all-time intraday high Tuesday as Wall Street analysts issued bullish outlooks on the stock ahead of the release of Apple Intelligence.Apple shares reached $237.49 on Tuesday before ...
Nvidia stock closed at a record high on Monday as Wall Street analysts held firm on their bullish positions on the stock ahead of its earnings report in November.Shares of the leading AI chipmaker ...