Even after a powerful rebound after the early-April tariff-driven selloff, Bank of America’s chief investment strategist Michael Harnett says the case for a lasting bull market still depends on a rare trio of conditions that remains out of reach for now. In his regular “The Flow Show” report, titled “Stay BIG, sell rips” and shared…
The U.S. tech sector just walked into a geopolitical buzzsaw, and NVIDIA Corp NVDA may be the first big casualty. As trade tensions ratchet up and tariff policy gets more unpredictable, AI leaders such as Nvidia are getting boxed out of China just as competitors like Huawei prepare to strike. Wedbush Securities analyst Dan Ives…
E-commerce player Amazon.com Inc.’s AMZN quarterly revenue surpassed retail giant Walmart Inc.’s WMT sales in the fourth quarter for the first time since 2000. Jeff Bezos said in 2018 that every overnight success takes at least 10 years, but this particular milestone took 25 years. What Happened: Both Amazon and Walmart reported strong fourth-quarter results,…
The AI-driven market surge has hit troubled times and JPMorgan analyst Jason Hunter is telling investors to be cautious. Recent bear gaps in AI stocks have cracked short-term trend support, leaving tech darlings like Nvidia Corp (NVDA), Broadcom Inc (AVGO) and Marvell Technology Inc (MRVL) looking vulnerable. But before VOO investors start sweating, there’s a…
EV charging stocks hit the brakes in November, down 21% over the past month, trailing both broader market indices and the EV sector average. Yet, JPMorgan analyst Bill Peterson sees a bright spot in EVgo Inc EVGO, which continues to pull ahead of peers despite the industry’s sluggish growth. EV Deployments: Running On Fumes The…
The S&P 500 index is wrapping up a historic two-year run of consecutive over 20% gains, a feat achieved only four times in the past 150 years. Yet, Michael Hartnett, chief investment strategist at Bank of America, says the party may not last forever. According to Hartnett’s latest Flow Show report, published Friday, the U.S….
Brokerage firm CLSA maintained a bullish call on Reliance Industries even as the stock has seen a huge correction recently. What Happened: Reliance’s share price has fallen more than 20% from its highs in July. The company in its Q2 results saw its bottom line decline by 4.8% to ₹16,563 crore. The conglomerate’s revenue was…
Lucid Group Inc. LCID is betting big on its upcoming Gravity SUV to capture a broader slice of the electric vehicle (EV) market, but it’s a cautious play for investors. Needham’s Chris Pierce reaffirmed a Hold rating on LCID stock, highlighting promising delivery gains while flagging concerns over long-term profitability and further dilution risks. Chart…
Macquarie Equity Research issued a positive outlook for the short-term Chinese EV market following a $142 billion (one trillion yuan) stimulus package. Analysts listed several positive catalysts, including new model launches, expanded margins due to operating leverage, the end of subsidies pulling demand forward, reduced discounting pressures and clarity on potential European Union (EU) tariffs,…
With Friday’s nonfarm payroll report on the horizon, the labor market is expected to show a modest increase of 140,000 jobs, slightly down from August’s 142,000. Wednesday’s ADP National Employment Report for September signaled some resilience. The private sector added 143,000 jobs, up from 99,000 in August, bolstered by gains in goods-producing industries like construction…