Tag Archives: Stock

Text size GameStop’s stock split will take effect this month. Justin Sullivan/Getty Images … Source link

Text size An analyst at Monness, Crespi, Hardt & Co. slashed his price target for the stock to $2,900 from $3,500. Noah Berger/AFP via Getty Images … Source link

The market’s challenges may persist, prompting Goldman Sachs to stay cautious on recommending stocks even though they are at far cheaper levels than six months ago. “Until the growth/inflation mix improves volatility is likely to linger as investors are shifting between inflation frustration and recession obsession,” Goldman Sachs strategist Christian Mueller-Glissmann wrote in a new note to clients, adding that Goldman is positioned “defensively” for the next three months until macroeconomic… Source link

(Bloomberg) — Stock dip-buyers across the ETF world have vanished after seeing their account balances ravaged too many times in the 2022 meltdown. Most Read from Bloomberg Three times, to be specific. That’s the number of 5% bounces that have failed to endure in the S&P 500 this year — luring billions of dollars to exchange-traded funds in every rebound. Not this time. As the S&P 500 jumped more than 6% through Friday from its 2022 trough, roughly $10 billion was pulled out of equity funds,… Source link

(Bloomberg) — Prosus NV is planning to sell more of its $134 billion stake in Chinese internet giant Tencent Holdings Ltd. to finance a buyback program, reversing a pledge to hold onto the full shareholding. Most Read from Bloomberg Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company’s biggest shareholder, will unload its stock. The shares fell as much as 2.5% and traded 1.6% lower at the close. “We will keep selling Tencent shares… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Monday, June 27, 2022 I am rather amazed by the powerful effects of taking my first day off in about four years last week. What’s left is a (mostly) clear head with physical batteries that are more charged up… Source link

With the seemingly endless selection of headwinds plaguing 2022, this year is panning out like no other in recent times. Just ask investors in Advanced Micro Devices (AMD). After making a habit of consistently outperforming the market, AMD shares have been on the backfoot in 2022 (down 43%) – a highly irregular occurrence. Yet, according to Morgan Stanley’s Joseph Moore, despite the macro uncertainty, it is now time investors cotton on to the opportunity following the stock’s… Source link

In the midst of 2021’s soaring tech IPO and SPAC market, there was one former Wall Street analyst telling anyone who would listen that something was wrong. David Trainer, the founder and CEO of research firm New Constructs, was focused on the fundamentals of the businesses behind the record valuations, and what he saw wasn’t promising. Trainer warned investors in 2021 that many high-flying tech stocks and IPOs at the time were trading at “tech bubble” levels. And even worse, some were… Source link

Google is far more than a search engine. As part of its parent company, Alphabet, Inc., Google has become one of the largest technology companies in the world, complete with cloud computing, software and more. Its stock price has increased along with its rapid growth. From the beginning of January 2021 to the same time a year later, GOOGL’s stock price has increased by more than 50%, and in the third quarter of 2021, the company reported a 41% increase in revenue year over… Source link