S&P 500, Dow surge to record closing highs as Nvidia sparks AI frenzy
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- Wall St indexes advance with boost from chips, Iran optimism
- Intel soars after Trump says Apple agreed to work with chipmaker on US production
- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
- Wall Street scrambles to lift Micron price targets ahead of earnings
- SanDisk and Micron surge as Apple confirms memory price pass-through
- Zelenskiy: best guarantee of Europe's future is fast-track EU membership for Ukraine
- Needham Starts NeoVolta (NEOV) at Buy
- Tesla acquires AI hardware company for up to $2 billion in stock
- Bel Fuse acquires dataMate ethernet business for $16 million
- Fed: Nine Of 18 FOMC Participants Pencil In 2026 Rate Hike
Citi on Large-Caps: 'strong earnings suggest that the current run up is less of a bubble than is feared'
February 23, 2024 6:24 AM ESTCiti on Large-Caps: 'strong earnings suggest that the current run up is less of a bubble than is feared'
The analyst comments "Large cap stocks with strong rallies into earnings on average drift higher. We run a quick study on extraordinary performance around earnings, as we have seen from NVDA. We collect data on S&P constituents in the last 30 years, some 1120 tickers and analyze the times where the stock has rallied 35%... More
UBS says investor positioning could be China is 'the most extreme in recent memory'
February 22, 2024 8:53 AM ESTIn a note to clients Thursday, analysts at UBS investors questioned whether investor positioning on China is the most extreme in recent memory.
The bank said its tracking of the top 40 global funds (including both passive and active holdings) shows that their total equity holding in China is at the lowest... More
