(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A software stocks and a nuclear energy play were among the names being talked about by analysts on Monday, along with an automaker and a tech giant. Raymond James downgraded Palantir to market perform, citing a rich valuation. Meanwhile, Morgan Stanley raised its price target on Constellation Energy to $313m implying more than 20% upside. Elsewhere, Bernstein downgraded General Motors to market perform. Microsoft also got a downgrade from DA Davidson. Check out the latest calls…
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LONDON (Reuters) — Hedge funds bought US tech and media stocks at the fastest pace in four months last week, said a Goldman Sachs prime brokerage note to clients seen by Reuters on Monday, spurred by the Federal Reserve’s anticipated 50-basis point rate cut.Falling rates are expected to rejuvenate industrial spending, making it easier for companies to borrow money at lower costs and for consumers to buy tech products, all of which might benefit the stock prices of these companies.Hedge funds placed almost three times as many long positions on the bet that information technology stocks would rise, compared to…
In the tumultuous year of 1970, amidst the automotive world horsepower-driven frenzy, a singular, one year only marvel emerged from the Oldsmobile division: the Toronado GT. While the Chevrolet Chevelle SS 454 LS6 may be the iconic muscle car of the era, the Toronado GT offered a unique blend of luxury and performance. Unlike the Chevelle’s raw power, the Toronado GT combined a plush interior with a potent engine, creating a distinctive driving experience. Its front wheel drive configuration, a rarity in the muscle car world, provided superior traction and handling, making it a capable performer both on the street…
Image source: Rolls-Royce plc It’s been an incredible year for the Rolls-Royce (LSE: RR.) share price. During the last 12 months, the stock has jumped a monumental 140.4%. We’ve seen its fine form continue recently. In the last month, the stock has climbed 5.9%. It’s up 6.6% in the last five days alone. But now sitting at £5.28 a share, what’s next in store for the British icon? While it may seem like Rolls stock can’t slow down, is there a threat that it has gone too far? Before we delve into that, I want to explore what has been…
DENVER – TriSalus Life Sciences Inc. (NASDAQ: TLSI), an oncology company specializing in drug delivery technology for liver and pancreatic tumors, has published research demonstrating a significant improvement in the delivery of therapeutic glass microspheres to liver tumors using its Pressure-Enabled Drug Delivery (PEDD) method. The study, featured in the Journal of Vascular and Interventional Radiology, showed a 117% increase in penetration with lobar infusions and a 39% increase with selective infusions compared to traditional methods. The PEDD method, applied through the company’s TriNav Infusion System, is designed to overcome the challenges of efficiently delivering therapeutics to tumor cells while…
Fisker, once on the brink of a public relations disaster, has reversed course after facing backlash over its recall policies. The electric car manufacturer had initially planned to charge owners for the labor associated with recalls, a move that drew widespread criticism. However, following public outcry and media coverage, Fisker has now clarified that it will cover both parts and labor for these recalls. While this is a positive development for Ocean owners, confusion remains as the company has yet to announce a list of authorized service centers. Additionally, the availability of replacement parts is still uncertain. Despite these challenges,…
Image source: Getty Images Over the past year, the International Consolidated Airlines Group (LSE:IAG) share price has jumped 36%. However, last week the FTSE 100 share was one of the top stocks that retail investors using Hargreaves Lansdown sold. Given that it wasn’t in the list of top purchases, it indicates to me a clear message. Here’s what I think’s happening. Banking some profit The rally over the past year has pushed the stock higher, breaking 200p for the first time since spring 2021. So even before I consider anything company specific, I can see one reason for the interest…
Despite the Trans Am’s growing popularity in 1972, the Firebird production suffered a significant setback. A strike at the factory producing both models halted production for several months, resulting in a drastic decline in output. The numbers tell the story: Pontiac produced over 53,000 Firebirds in 1971, but this figure dropped to 29,000 in 1972 due to the labor dispute. The Trans Am was particularly affected, with only 1,286 units built that year. All Trans Ams were equipped with the powerful LS5 455 HO engine, and while most were paired with automatic transmissions, a smaller number featured manual gearboxes. The…
Tesla (NASDAQ: TSLA) is expected to unveil its highly anticipated Cybercab robotaxi at an event on Oct. 10. It’s a big deal for investors, especially given the stock’s weak performance since peaking in 2021. They are eager to hear what’s next from Tesla’s visionary leader Elon Musk.The specific plans regarding the new line of vehicles are still a mystery, but it’s clear that it will take a while before Tesla generates significant revenue from a robotaxi service, especially when you factor in the regulatory hurdles it has yet to overcome. Uncertainties like this can create some well-justified hesitation.But there are…
In the dynamic world of semiconductor and telecommunications, Qualcomm (NASDAQ:) Inc. stands as a pivotal player, particularly noted for its wireless telecommunications products and services. With its roots deeply embedded in the technology that powers our smartphones and a myriad of other devices, Qualcomm’s market presence is both significant and subject to intense scrutiny from industry analysts. Company Profile and Market PositionQualcomm’s current relevance in the market is not just a result of its technological prowess but also due to strategic partnerships. Notably, its exclusivity agreement with Microsoft (NASDAQ:) for Arm-based Windows PCs, set to expire in 2024, underscores its…