988 days ago
JPM US strategy: "We are revising higher our EPS estimates by an additional $5 to $205 for 2021 and raising our long-held 2021 year-end price target of 4,400 to 4,600. At a thematic/sector level, the risk/reward for reopening stocks has improved significantly with the recent pullback creating many unusually attractive opportunities for investors to re-enter various parts of the cyclical cohort". Source: TME
988 days ago
US Small caps surged in the past month but gave back half of their advance compared to peers. Source: Bloomberg
988 days ago
Nvidia sold hundreds of millions of dollars worth of chips to cryptocurrency miners, but the 3% slide of Bitcoin and Ethereum in 24 hours is directly impacting the stock price. Nvidia shares retreated 2.5% to $183.24 on Tuesday, following the four-for-one stock split on Monday. Source: Barron's
988 days ago
Novartis boosted its second-quarter core net income by a fifth, beating market expectations, the Swiss drugmaker reported on Wednesday, as it kept its 2021 guidance. It generated net profit of $3.72 billion and increased core operating income 18% to $4.35 billion while sales in the three months through June rose 14% to $12.96 billion, a gain of 9% when stripping out currency fluctuations. Source: Yahoo
989 days ago
Apple shares have rallied more than 20% since early June, a rally attributed to three factors. First, there has been a "flight to quality big tech names," with Apple, Amazon.com (AMZN), Alphabet (GOOG), Microsoft (MSFT), and Facebook (FB) all outperforming the S&P 500 over the same period. Second, growth at the App Store accelerated in June, "supporting the view of secular services growth." and lastly, data on Apple's supply chain suggests strong growth in iPhone production. Source: Barrons
