Markets

Wall Street analysts bullish on META, NVDA and FSLR

Here are Thursday’s biggest calls on Wall Street: JMP downgrades Peloton for market performance to outperform JMP downgraded the stock primarily on valuation. “We are downgrading our rating on Peloton shares from Market Outperform to Market Perform as Peloton hit our previous price target of $16 while we leave our FY2024 estimates largely unchanged following …

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Nasdaq-100 futures rise as Meta rises in pace with quarterly earnings

Futures linked to the Nasdaq-100 were higher on Thursday, boosted by net gains from Facebook’s parent meta-platforms. Nasdaq-100 futures gained 1.3%. S&P 500 futures jumped 0.5%. Futures contracts linked to the Dow Jones Industrial Average fell 43 points, or 0.1%. Meta jumped more than 19% in premarket trading after reporting a pace of growth in …

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Gold demand hits 11-year high on ‘colossal’ central bank buying

Bars of 99.99% pure gold are placed in a work room at the Krastsvetmet precious metals factory in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | Reuters Gold demand hit an 11-year high in 2022 thanks to “colossal central bank buying, aided by vigorous buying by retail investors,” according to the …

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Britain Outlines Plans To Regulate Crypto Industry Following FTX Collapse

Britain’s Prime Minister Rishi Sunak speaks during a question and answer session at Teesside University, January 29, 2019. 30, 2023. Oli Scarf | Wpa division | Getty ImagesNews The UK has officially laid out plans to regulate the cryptocurrency industry, with the government seeking to curb some of the reckless business practices that have emerged …

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Central banks set to signal path of sliding interest rates in crucial week

A screen displays the Fed’s rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and Bank of England are all expected to raise interest rates again this week as they make their first policy …

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Stock futures fall as traders await latest Federal Reserve rate hike decision

Traders on the NYSE floor Source: NYSE Stock futures fell Tuesday night as investors anticipated Wednesday’s Federal Reserve meeting. Futures contracts linked to the Dow Jones Industrial Average lost 48 points or 0.14%. S&P 500 futures and Nasdaq Composite futures were down 0.20% and 0.37%, respectively. The moves come after stocks surged to end January …

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Stocks moving the most before market: McDonald’s, UPS and more

Nathan Stirk | Getty Images News | Getty Images Find out which companies are making headlines before the bell. McDonald’s — Shares fell more than 1% after McDonald’s released its latest quarterly results. The fast-food giant beat revenue and earnings estimates, saying customers are increasingly visiting its restaurants. Still, McDonald’s CEO Chris Kempczinski said he …

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Asia-Pacific stocks, Fed, earnings, economic data

CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA …

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