[ad_1] Investing.com — Jefferies upgraded Topgolf Callaway Brands (NYSE:) to “buy” from “hold” on Thursday citing a potential doubling in value as the company prepares to spin off its struggling Topgolf business by the second half of 2025. The brokerage upped its price target by $2 to $13 given the fact that the stock was oversold and currently undervalues the company’s core Callaway golf equipment division. Jefferies’ sum-of-the-parts analysis says MODG trades at less than half its estimated valuation, even as the broader golf industry sees robust growth. “Despite recent management doubts, history shows a deep understanding of golf equipment, and…
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[ad_1] Mortgage rates rose again last week, leaving them near 7% to start the year. The average 30-year fixed-rate mortgage rose to 6.91% in the week through Wednesday, from 6.85% as of Dec. 26, according to Freddie Mac data. 15-year mortgage rates jumped to 6.13% from 6% a week earlier. “Inching up to just shy of 7%, mortgage rates reached their highest point in nearly six months,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “Compared to this time last year, rates are elevated and the market’s affordability headwinds persist.” It’s the third straight week of rate gains…
[ad_1] Stocks erased session gains on Thursday to kick off the first trading day of the new year as Wall Street returned from holiday. The S&P 500 (^GSPC) fell 0.7% after opening in green territory, while the Dow Jones Industrial Average (^DJI) also dropped nearly 0.7%. The tech-heavy Nasdaq Composite (^IXIC) fell 0.9% after markets reopened from Wednesday’s closure. Markets were eyeing a comeback after a year-end slide to begin the week dented hopes for a “Santa Claus rally.” The decline capped a blowout 2024 for US stocks that saw the S&P 500 (^GSPC) post two years in a row…
[ad_1] By Costas Pitas (Reuters) -U.S. President-elect Donald Trump will take office on Jan. 20 after defeating Democratic candidate Kamala Harris in November’s presidential election. Here is a timeline of events between now and Inauguration Day: 2025 Jan. 6: Harris presides over the Electoral College vote count at a joint session of Congress, announces the results and declares who has been elected. Ahead of the count on Jan. 6, 2021, then-President Trump lambasted his vice president, Mike Pence, for refusing to try to prevent Congress from certifying President Joe Biden’s victory. On that day, Trump supporters stormed the U.S. Capitol…
[ad_1] The Canadian market has been navigating a landscape of shifting bond yields, with recent rate cuts by the Bank of Canada setting the stage for potential opportunities in fixed-income investments. In this context, investors are also exploring equities that offer growth potential at lower entry points. Penny stocks, despite being an older term, continue to capture interest due to their ability to highlight smaller or emerging companies with strong financials and promising prospects. Name Share Price Market Cap Financial Health Rating Pulse Seismic (TSX:PSD) CA$2.39 CA$121.5M ★★★★★★ Silvercorp Metals (TSX:SVM) CA$4.32 CA$939.87M ★★★★★★ Mandalay Resources (TSX:MND) CA$3.94 CA$370M ★★★★★★…
[ad_1] RADNOR, PA – (NewMediaWire) – January 2, 2025 – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Wolfspeed (NYSE:), Inc. (Wolfspeed) (NYSE: WOLF) on behalf of those who purchased or otherwise acquired Wolfspeed securities between August 16, 2023, and November 6, 2024, inclusive (the Class Period). The lead plaintiff deadline is January 17, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Wolfspeed losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/wolfspeed-inc?utm_source=PR&utm_medium=link&utm_campaign=wolf&mktm=r You can also contact attorney Jonathan Naji, Esq. by calling…
[ad_1] SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Data points to an abrupt shift in the sentiment and priorities of Americans when it comes to their personal finances since the outcome of the 2024 presidential election became clear. Demand for professional financial advice has increased, signaling a wave of financial repositioning. Both the quantity and quality of consumers seeking to adjust their financial plans have increased since the second week of November, 2024, according to data from financial technology company SmartAsset. Several circumstances may be helping to drive this sudden increase…
[ad_1] (Corrects spelling of Jonah Crane in paragraphs 15 and 18) By Hannah Lang (Reuters) -The cryptocurrency industry is pushing President-elect Donald Trump’s team to kick start his promised crypto policy overhaul when he takes office next month with executive orders that would help push tokens mainstream, according to industry officials. Trump plans to issue a flurry of executive orders and directives on everything from immigration to energy on his first day in office on Jan. 20, Reuters reported this month. On the campaign trail, Trump courted crypto cash with promises to be a “crypto president,” and the industry wants…
[ad_1] On Tuesday, Piper Sandler reiterated an Overweight rating on Robinhood Markets (NASDAQ:), with a steady price target of $54.00. The stock has shown remarkable momentum, delivering a 201% return over the past year according to InvestingPro data, despite its characteristic high volatility. The brokerage firm’s analyst highlighted Robinhood’s robust December trading volumes, which showed a significant year-over-year increase. Equity trading volumes surged by 117% to $137 billion, options contracts traded increased by 44% to 150 million, and cryptocurrency trading volumes soared by 331% to $28 billion. The resilience of cryptocurrency trading volumes post-election was particularly notable, with only a…
[ad_1] Investing.com – U.K. stocks were higher after the close on Thursday, as gains in the , and sectors led shares higher. At the close in London, the added 1.11%. The best performers of the session on the were Fresnillo PLC (LON:), which rose 4.51% or 28.00 points to trade at 649.50 at the close. Meanwhile, Marks and Spencer Group PLC (LON:) added 3.68% or 13.80 points to end at 389.30 and Rolls-Royce Holdings PLC (LON:) was up 3.48% or 19.80 points to 588.40 in late trade. The worst performers of the session were B&M European Value Retail SA (LON:),…