Tag Archives: holds

TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link

Food delivery app DoorDash (DASH) hit the public market on Wednesday, and closed the day up 86% from its IPO price of $102. That means a market cap of $72 billion for a seven-year-old startup that lost $667 million in 2019, and lost $149 million in the first nine months of 2020. David Trainer, CEO of market research firm New Constructs, calls it “the most ridiculous IPO of 2020.” Last year, his firm gave that title to the WeWork IPO, which was ultimately shelved. Why ridiculous? Lack of… Source link

Turnout is predicted to be low as opposition supporters are urged to stay at home Votes are being counted in Venezuela’s legislative elections, which are set to hand socialist President Nicolás Maduro control of the only official body still controlled by the opposition. Most opposition parties are boycotting the polls for the National Assembly. The boycott is being led by opposition leader Juan Guaidó who has been in a two-year power struggle with Mr Maduro. The US and more than 50 other… Source link

The Federal Reserve on Thursday said the U.S. economy and employment improved since September, but held interest rates at near-zero as the economy continues to face “considerable risks” ahead. “Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year,” the statement said. Little changed in the policy statement released by the Federal Open Market Committee (FOMC), which noted that financial conditions “remain… Source link