Wall Street drops on September worries, upcoming data
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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
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Companies to add 40 million barrels of oil to US SPR after Iran war ends, energy secretary says
- China makes small dent in deflation battle as supply-demand imbalance persists
Citi remains constructive on fundamental setup in H2 despite recession concerns
September 3, 2024 7:38 AM EDTCiti analysts remain optimistic about the fundamental setup for the S&P 500 in the second half of 2024, despite lingering concerns about a potential recession.
In their recent note, Citi stated, "We remain constructive on the fundamental setup during the second half despite ongoing recession concerns."
They acknowledge that the pace of market gains may slow compared... More
Potential for valuation overshoot in bank stocks shouldn't be ignored: BofA
September 3, 2024 7:23 AM EDTBank of America analysts cautioned investors about the potential for an "overshoot" in the valuation of bank stocks as optimism builds around a soft landing for the U.S. economy and increased policy clarity following the upcoming U.S. elections.
According to Bank of America, the year-to-date performance of bank stocks has already validated their early 2024 view that stable-to-rising earnings per share (EPS) outlooks would drive a higher... More
