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Royal Caribbean, Carnival Cruise Toward 'The Next Wave of the Rising Tide': Goldman Sachs
Wednesday, March 13, 2024 - 10:48am | 691Goldman Sachs has recently taken a bullish stance on the cruise industry, issuing Buy ratings for Royal Caribbean Cruise Ltd. (NYSE:RCL) and Carnival Corp. (NYSE:CCL), while maintaining a Neutral rating for Norwegian Cruise Lines Holdings Ltd. (NYSE:NCLH) This optimism stems from significant...
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Super Micro Computer Joins S&P 500 Index: An 'AI Winner At Premium Valuation,' Analyst Says
Monday, March 4, 2024 - 10:34am | 864Super Micro Computer, Inc. (NASDAQ:SMCI), a leading manufacturer of artificial intelligence (AI) servers, is joining the S&P 500 Index on March 18, alongside Deckers Outdoor Corp. (NYSE:DECK)., a California-based footwear designer and distributor. These new additions will replace Whirlpool...
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Turmoil At New York Community Bancorp: Shares Tumble Over 20%, Regional Bank Investors Pull Back
Friday, March 1, 2024 - 12:06pm | 916New York Community Bancorp (NYSE:NYCB) finds itself in the eye of the storm once again. On Thursday, the bank publicly acknowledged a “material weakness” in its internal controls concerning loan review processes. This admission was accompanied by a major leadership change at the top,...
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Office Conversion Crisis: Prices Must Be Cut In Half For Residential Shift, Says Goldman Sachs
Tuesday, February 27, 2024 - 12:03pm | 507The listing prices of struggling office properties remain prohibitively high and must fall by nearly half to make their conversion into multifamily homes economically viable. Those stark findings came from Goldman Sachs economists Elsie Peng and Vinay Viswanathan, who shed light on the deep impact...
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Fed's Unexpected Dovish Signals Spark Market Euphoria: Economists Weigh In
Wednesday, December 13, 2023 - 6:28pm | 1089The Fed’s decision to hold rates steady in the last meeting of the year, coupled with a dovish shift in economic projections, elicited a range of reactions from financial experts and leading economists. While some see early signs of a rally, others caution against over-optimism, highlighting...
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Chilling 2024 S&P 500 Outlook: Why JPMorgan Projects Nightmare Scenario For Stocks
Thursday, November 30, 2023 - 1:44pm | 1101JPMorgan painted a rather pessimistic picture for the U.S. stock market in 2024, boldly positioning itself as the most bearish investment bank on Wall Street. The biggest U.S. bank is forecasting the S&P 500 to drop to 4,200 points next year, implying an 8% fall from current levels, in what can...
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From IPO High To Stock Slide: Arm Holdings' Rollercoaster Ride Begins With Bearish Analyst Call
Monday, September 18, 2023 - 3:53pm | 440Arm Holdings Plc‘s (NASDAQ:ARMH) recent debut on the Nasdaq hasn’t been a smooth ride. The British chip designer, known for powering smartphones, saw its American Depository Receipts (ADRs) make a staggering 7.2% nosedive to $56.37 during Monday afternoon trading. But what’s got...
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Why Goldman Sachs Is Increasingly Confident In Dodging Recession, Contrary To Wall Street Consensus
Tuesday, September 5, 2023 - 1:06pm | 475Goldman Sachs’ U.S. economist, Jan Hatzius dialed down the U.S. recession risk further in a Tuesday note. The latest insights from the investment giant reveal the 12-month U.S. recession probability now stands at a mere 15%, down 5 percentage points from their previous estimate. Goldman Sachs...
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3 Analysts Weigh In On Court Ruling Favoring Microsoft's Activision Blizzard Deal: 'A Major Black Eye For The FTC'
Wednesday, July 12, 2023 - 4:13pm | 765Shares of Activision Blizzard Inc (NASDAQ: ATVI) rallied by 10% on Tuesday (before dropping 1% on Wednesday), after Federal Judge Jacqueline Scott Corley ruled in favor of Microsoft Corporation's (NASDAQ: MSFT) acquisition of the video game publisher behind the mega-popular "...