Investment strategy

Coinbase stock jumps 20% after federal securities suit dismissed

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The logo for Coinbase Global Inc, the biggest US cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, US, April 14, 2021. Shannon Stapleton | Reuters Coinbase Shares surged after a Manhattan federal judge dismissed a class-action suit against the cryptocurrency exchange Wednesday in a rare crypto …

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Wall Street analysts are bullish on META, NVDA & FSLR

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Here are Thursday’s biggest calls on Wall Street: JMP downgrades Peloton to market perform from outperform JMP downgraded the stock mainly on valuation. “We are downgrading our rating on shares of Peloton from Market Outperform to Market Perform as Peloton reached our prior $16 price target while we leave our FY2024 estimates largely unchanged following …

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Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than feared

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A passageway near the Bank of England (BOE) in the City of London, UK, on ​​Thursday, March 18, 2021. Hollie Adams | Bloomberg | GettyImages LONDON — The Bank of England on Thursday hiked interest rates by 50 basis points and dialed back some of its previous bleak economic forecasts. The Monetary Policy Committee voted …

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Deutsche Bank smashes profit expectations in fourth quarter as higher interest rates bolster revenue

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A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuter Deutsche Bank on Thursday reported its 10th straight quarter of profit, receiving a boost from higher interest rates and favorable market conditions. Deutsche Bank reported a 1.8 billion euro ($1.98 billion) net profit …

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Analysts name 4 alternatives to Alibaba in China’s tech sector

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China’s stocks bounced back in recent months on the back of the country’s reopening — and that’s gotten investors excited about tech. No Chinese tech stock has generated as much excitement as Alibaba, one of the most recognizable names in the Chinese internet sector. The stock is a hot favorite among Wall Street analysts, with …

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Adani calls off $2.5 billion equity sale as regulatory concerns grow

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A signage of Adani group is pictured outside the Chatrapati Shivaji Mumbai International Airport in Mumbai on July 28, 2021. (Photo by Indranil MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images) Indranil Mukherjee | Afp | GettyImages On Wednesday, Gautam Adani announced he’s scrapping his firm’s $2.5 billion equity sale. He withdrew the …

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How the Fed managed to spark a stock rally while still talking tough

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Fed Chairman Jerome Powell talked tough Wednesday, promising more rate hikes in the unrelenting battle against inflation, but he also let slip a few comments dovish enough to send the stock market sharply higher. The Federal Reserve raised interest rates Wednesday afternoon by a quarter point, as expected, and also kept a comment in its …

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Morgan Stanley sees this gene therapy stock doubling from here

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Rocket Pharmaceuticals could soar as a trial with blockbuster sales potential entering a pivotal phase, according to Morgan Stanley. Analyst Michael Ulz initiated the stock at overweight with a $45 price target. That target share price implies the stock will rally 107.1% from Tuesday’s close. Ulz called Rocket a “leading gene therapy company” that could …

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Britain sets out plans to regulate the crypto industry in wake of FTX collapse

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British Prime Minister Rishi Sunak speaks during a Q&A at Teesside University, on Jan. 30, 2023. Oli Scarff | Wpa Pool | Getty Images NewsS The UK formally laid out plans to regulate the cryptocurrency industry, with the government looking to rein in some of the reckless business practices that emerged over the past year …

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Central banks set to signal interest rate glide path in crucial week

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A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and Bank of England are all expected to hike interest rates once again this week, as they make their first …

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