The stock market is back on track to break fresh records, and the record-setting rally should get a sustained boost from a handful of positive catalysts. That’s the view of Wharton finance professor Jeremy Siegel, who expressed confidence in the upward trend in stocks that propelled the Nasdaq 100 to a fresh record on Tuesday…
Jim Cramer on CNBC called defense technology company AeroVironment the next “Palantir of hardware” on Wednesday morning, and the stock went on to soar even higher after his commentary. Shares of AeroVironment, which makes unmanned aircraft systems, were already up 6% in the premarket after the company reported strong earnings after Tuesday’s close. By the…
The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting that Middle East politics will no longer be the dominant force in oil markets they once were. Source link
The LyondellBasell Houston refinery is seen in June. Multiple factors are holding oil prices down, including the fact that the United States is now the world’s largest oil producer. Brandon Bell/Getty Images hide caption toggle caption Brandon Bell/Getty Images Immediately after Israel attacked Iran earlier this month, crude oil prices spiked up — exactly like…
Bernstein thinks investors are underappreciating Coinbase’s potential. Analyst Gautam Chhugani stood by his outperform rating on the stock and hiked his price target to $510 per share from $310. Shares of Coinbase closed at $344.82 on Tuesday afternoon, meaning that Chhugani’s revised target represents upside of approximately 48%. “Coinbase is the most misunderstood company in…
Shares of QuantumScape Corp. (QS) are jumping in premarket trading Wednesday after the electric vehicle (EV) battery developer said it had reached a breakthrough in its next-generation solid-state lithium-metal battery technology. The San Jose, Calif.-based company said it had managed to successfully integrate its “advanced Cobra separator process into baseline cell production.” “Our team has…
The BBC’s Lyse Doucet reports from Iran’s capital city, Tehran during what appears to be an enduring ceasefire with Israel. The pause follows a volatile 24 hours in the Middle East, during which the White House mediated between the two countries. Lyse Doucet is being allowed to report in Iran on condition that none of…
Equities Global stocks were mixed on Wednesday as investors assessed the tenuous Middle East ceasefire and turned attention back to the U.S. economy. Wall Street futures were subdued after the previous day’s rally. TSX futures were flat. In Canada, investors are getting results from Alimentation Couche-Tard Inc., Evertz Technologies Ltd., AGF Management Ltd. and Novagold…
My top 10 things to watch Wednesday, June 25 1. All-time high watch for Nvidia today. Shares of the AI chip giant closed yesterday at $147.90, less than $2 below its Jan. 6 record close of $149.43. I’ll discuss Nvidia and the rest of the Club’s portfolio at our Monthly Meeting at noon ET. Nvidia’s…
By Anirban Sen and Chris Prentice NEW YORK (Reuters) -U.S. exchange operators are in talks with the Securities and Exchanges Commission on easing regulatory burdens for public companies, as they seek to encourage more richly valued startups to list, according to four people familiar with the matter. These deliberations, the details of which are reported…