Stock Market
Citi sets Manhattan Associates stock at neutral with $260 target
The company’s focus on cloud leadership and innovation in PoS solutions has been a driving factor in its recent success. This performance is particularly noteworthy in a competitive tech market where cloud-based solutions are increasingly critical for business operations across various industries.
Bank of America raises S&P 500 earnings estimates on back of AI wave
On Tuesday, Bank of America strategists hiked their 2024 S&P 500 earnings per share (EPS) estimates to $250, up from the previous forecast of $235. The new estimate, which marks the highest top-down forecast on Wall Street, implies a year-over-year (YoY) upside of roughly 12%. “Companies delivered another strong beat in 4Q and our economists…
US business group seeks security equipment deal with Vietnam’s police
The meetings, slated for March 18, are part of the dialogue that led to an upgrade of ties in September during a visit to Hanoi by President Joe Biden, as Washington seeks to gain influence in the strategic Southeast Asian nation, which also has ties to China.
US Senate confirms Republican nominees to FTC
The two Republicans will not change the balance of power at the FTC, which enforces antitrust law and rules against deceptive advertising, and currently has a Democratic chair, Lina Khan, and two Democratic commissioners.
Japan stocks lower at close of trade; Nikkei 225 down 1.31%
Japan stocks were lower after the close on Thursday, as losses in the Precision Instruments, Communication and Electrical/Machinery sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 1.31%.
Super Micro stock initiated with Buy, $1,350 target by Argus
Super Micro’s offerings include rack and blade servers for various applications such as cloud, enterprise, data centers, and GPU-based systems designed for deep learning and high-performance computing.
MarketWise sets quarterly dividend for Class A stock at $0.01
Similar to the dividend for common stockholders, MarketWise has also approved a $0.01 per unit distribution for holders of MarketWise, LLC units. This move reflects the company’s ongoing commitment to deliver value to its investors.
Japan’s Nikkei breaches 40,000 level as investor sentiment flies high
Japan’s main stock benchmark breached 40,000 points for the first time to end Monday at a record closing high, as corporate governance reform and solid valuations continue to pave the way for long-term global investor interest.
Telsey raises Bath & Body Works shares target to $53 on strong Q4
The company’s fourth-quarter results were highlighted as a testament to the brand’s health and customer appeal. Telsey noted that the year-end earnings reflect a well-received product lineup and brand loyalty, despite the conservative fiscal year 2024 guidance provided by Bath & Body Works.
Turkey receives U.S. draft letters approving F-16 jets deal -official
The United States has sent Turkey draft letters of offer and acceptance regarding its request to buy Block-70 F-16 fighter jets and modernisation kits, Turkey’s defence ministry spokesperson said on Thursday.