Bank of America initiated coverage of Lucid Motors on Wednesday with a "buy" rating and price target of $30. The stock currently trades around $19.
'We remain firmly in the stronger-for-longer camp for semis," said chip sector analysts at Bank of America in a Friday research note.
Shares of banks and financial services companies, including Wells Fargo & Co (NYSE: WFC) and Bank of America Corp (NYSE: BAC), are trading higher amid a rise in the 10-year treasury yield.
The interest rates decision comes amid fears over rampant price rises after inflation jumped to a nine-year high of 3.2% last month.
'My uncle is a lawyer, but my aunt has a spoon' is not useful language instruction.
The central bank did not explicitly mention Evergrande, though it was seen as among the most pointed signs authorities could help contain a collapse.
In total, £753.9million was stolen through fraud across the UK in the first half of this year - a 30 per cent increase compared with the same period in 2020.
On Thursday a team of BofA analysts bumped their DoorDash rating to "buy", and upgraded their price target to a street high $255, from $190.
Shares of Weber Inc. rose 1.3% in premarket trading Wednesday, to put them on track to bounce back above the $14 mark, which is where the outdoor grill maker's initial public offering priced, after the company reported fiscal third-quarter sales that rose to another record, but came up a bit short of expectations. Net income for the quarter to June 30 fell to $17.7 million, or $32.84 a share, from $78.7 million, or $142.69 a share, in the year-ago period. Sales grew 19.3% to $668.9 million, a...
The Dow industrials and the broader market held onto early sharp gains on Wednesday after the Federal Reserve kept rates unchanged, as expected, and indicated that tapering of asset purchases "may soon be warranted," without providing specific details on timing and pace. The Dow Jones Industrial Average was trading 449 points higher, or 1.3%, at 34,359, the S&P 500 index traded 1.2% up at 4,405, while the Nasdaq Composit Index advanced 1% at 14,895. The Fed decision will be followed by a...
Bank of America also set its 2022 target for the S&P 500 at 4,600, representing just 2% upside from current levels.
All but a handful of ads on next February’s Super Bowl on NBC have been sold, fetching as much as $6.5 million for 30 seconds, according to the latest report from NBCUniversal ad execs. In a conference call with the press today, Dan Lovinger, EVP of ad sales at NBC Sports Group, said fewer than [