#UBS News

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A soaring S&P 500 may delay interest rate cuts

thestreet.com Investors enjoyed the last two days of the past week immensely thanks to the blowout earnings from chipmaker Nvidia. But some of the unease that surrounded Nvidia (NVDA)…

Revisiting Warren Buffett's greatest trade

aol.com [Note: A version of this article was published on TKer.co.] Stocks made new record highs, with the S&P 500 reaching a closing high of 5,088.80 and an intraday high of…

Street Calls of the Week: Compass downgrade

investing.com Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrade for Coty, downgrades for Alkermes, and Boeing. InvestingPro…

Layoffs Watch ’23-’26: UBS

dealbreaker.com Just like Sergio Ermotti has impatiently told his (irritatingly skittish and suggestible) fellow Swiss, everything is absolutely fine at UBS. Sure, swallowing Credit Suisse…

Investors are going loco for CoCos

economist.com In a distant and forgotten era, around eight months ago, tremors were rippling through the global banking system. Three mid-sized American lenders collapsed in a week. In…

Why stock market records aren't always a great sign for the economy

aol.com None The chief economist for UBS Global Wealth Management said soaring stocks may suggest capital is misallocated in the economy. • None Politicians often incorrectly point…

How Wolverine, Under Armour and VF Are Progressing On Their Turnaround Plans, According to Analysts

finance.yahoo.com After a rocky 2023, some major shoe brands say they are finally turning the corner. In the last few weeks, executives from Wolverine Worldwide, Under Armour and VF…

Goldman Sachs now sees first U.S. rate cut in June, just four in total for 2024

marketwatch.com Goldman Sachs economists have dropped expectations for Federal Reserve interest rate cuts in 2024 to four from five previously, with the first reduction not coming until…

Nvidia is the ‘Magnificent One’ now

marketwatch.com Nvidia Corp.’s NVDA, earnings results felt like a national holiday of sorts. Countdowns and endless commentary surrounded the biggest moment in the stock market so far this…

stock hits all-time low after downgrade, job cuts

electrek.co After disappointing fourth-quarter results, Rivian (RIVN) stock earned a double downgrade, sending share prices to an all-time low. Sitting at its lowest value since going…

UBS raises 2024 forecast for S&P 500 after ‘surge in AI investment’

marketwatch.com UBS Group’s global wealth management business has raised its year-end target for the S&P 500 index to 5,200, citing drivers such as surging investment in artificial…

Stock Market Today: Dow, S&P 500 clinch record close despite pause in tech rally By

investing.com Investing.com-- The Dow and S&P 500 notched a record close Friday, even as the rally in Nvidia cooled to blunt the broader tech sector's swashbuckling gains amid waning…

A new Rivian bear emerges after rare two-notch downgrade; EV maker ‘heading off-road’

marketwatch.com Rivian Automotive Inc. is “heading off-road” amid weaker demand for EVs and a strategy that is hard on profitability and cash flow, analysts at UBS said in a note Friday.…

Forget beating Amazon and Google, now Nvidia is part of the $2 trillion club

aol.com There’s a new member of the $2 trillion club on Wall Street. The market cap of Nvidia has crossed the line after an explosive day on Wall Street on Thursday and further…

This Swiss City Will Issue $113 Million Tokenized Bond Amid CBDC Trial

beincrypto.com Swiss City St. Gallen will issue a $113 million three-year digital bond using the SIX Digital Exchange (SDX). The bond can be settled using Switzerland’s wholesale central…

Goldman Sachs predicts first of four US rate cuts to occur in June

coingape.com Goldman Sachs economists have recently updated their predictions for when the Federal Reserve will cut interest rates. Initially, they expected five rate cuts in 2024 but…

Here are Friday's biggest analyst calls: Rivian, DraftKings, Nio, Fox, Carvana, Pfizer and more

cnbc.com Here are Friday's biggest calls on Wall Street: UBS double-downgrades Rivian The firm said to sell the electric vehicle maker's stock, joining a growing group of concerned…

UBS Just Double-Downgraded Rivian (RIVN) Stock

investorplace.com Rivian (NASDAQ:RIVN) stock is sliding lower on Friday after UBS analysts hit the electric vehicle (EV) company’s shares with a double downgrade this morning. UBS analyst…

Swiss National Bank Says Merchant Cash Acceptance Unchanged Since 2021

pymnts.com Vice Chairman Martin Schlegel said Friday (Feb. 23) that physical cash will never disappear from use in Switzerland, despite the popularity of payment apps. Speaking at an…

Rivian Stock Drops After Rare Double Downgrade

barrons.com UBS analyst Joe Spak downgraded Rivian stock to Sell from Buy. His price target is now $8 a share. It used to be $24.

This 'Magnificent 7' ETF Is Riding High On Nvidia's AI Surge

benzinga.com The latest earnings report from Nvidia Corporation NVDA has not only boosted the company’s stock but also sparked interest in the Roundhill Magnificent Seven ETF MAGS. What…

Nvidia adds record $277 billion in stock market value

investing.com Nvidia added $277 billion in stock market value on Thursday, Wall Street's largest one-day gain in history after the heavyweight chipmaker's quarterly report beat…

Nvidia Stock Keeps Rising. Why This Analyst Lowered His Target Price

barrons.com Nvidia was climbing again on Friday after a surge the previous day triggered by bumper earnings. The chip maker is the toast of Wall Street but UBS analyst Timothy Arcuri…

Trumid appoints ex-Neptune CTO to head up Attributed Trading offering

thetradenews.com Gavin Collins has joined Trumid in a newly created role to head up its dealer-to-client Attributed Trading protocol.He has two decades of experience in the capital markets…

Booking Holdings Reverses After Earnings; Royal Caribbean, TCOM Lead Travel Stock Rally

investors.com Travel stocks rallied Thursday as Trip.com Group received analyst kudos following its Q4 results late Wednesday. Royal Caribbean led cruise stocks higher after hoisting its…

Is Rivian Stock A Buy Or A Sell After Cutting Workforce By 10% And Elon Musk Predicting Bankruptcy?

investors.com is looking to challenge Tesla (TSLA), Ford (F) and General Motors (GM) with its adventure-styled electric vehicles. RIVN shares surged 40% in December 2023 but have come…

Here’s why Biden is going to pull off a win in November, say these strategists

finance.yahoo.com The wait for Nvidia earnings is nearly over, but with the results not coming until after the closing bell, a jittery Wall Street seems set to stretch losses to three…

Nvidia stock has 10% more upside this year after blockbuster earnings show AI dominance has room to run, Wedbush says

aol.com None Nvidia stock has 11% more upside this year after blockbuster earnings, Wedbush said. • None Wedbush has raised its 12-month price forecast to $850 from $800, "stepping…

What About All Those Layoff Announcements?

tker.co Stocks made new record highs, with the S&P 500 reaching a closing high of 5,029.73 on Thursday and an intraday high of 5,038.70 on Friday. For the week, the S&P shed 0.4%.…

Top economist warns of ‘unintended consequences’ from a banking regulation that will touch every corner of the economy

aol.com New banking regulations don’t typically generate much interest from the general public. Basel III Endgame (B3E) is a bit different—and it’s not just the catchy, Marvel-esque…

Why Fortinet, SentinelOne, CrowdStrike, and Other Cybersecurity Stocks Plunged Wednesday Morning

finance.yahoo.com A number of cybersecurity companies slumped out of the gate Wednesday morning and never looked back. As of 1:35 p.m. ET, shares of Zscaler (NASDAQ: ZS) had plunged by 13.9%,…

Dear PLUG Stock Fans, Mark Your Calendars for March 1

investorplace.com The next earnings report will do much to determine how Plug Power performs in 2024 It has truly been a turbulent start to the year for Plug Power (NASDAQ: ). Indeed, the…

Top economist warns of 'unintended consequences' from a banking regulation that will touch every corner of the economy

fortune.com New banking regulations don’t typically generate much interest from the general public. Basel III Endgame (B3E) is a bit different—and it’s not just the catchy, Marvel-esque…

Natural Gas Prices Today and Price Prediction

investing.com Investing.com - U.S. natural gas prices have plunged to their lowest levels in almost four years as lower demand, on the back of warmer conditions, has coincided with…

Broadcom, The Magnificent 7 Stock In Waiting: Can The Chipmaker Replace EV Carmaker Tesla?

benzinga.com While Elon Musk-owned electric vehicle maker Tesla Inc TSLA has slumped 22% into 2024, the shares of semiconductor maker Broadcom Inc AVGO have rallied 10%. This is…

US stocks slide with traders nervous ahead of Nvidia earnings

aol.com None All three benchmark indexes fell while Nvidia shares tumbled more than 2% in early-morning trading. • None Wall Street is expecting the chipmaker to pull over $20…

Nvidia’s Q4 earnings will be a referendum on the AI trade as revenue expected to jump 234%

finance.yahoo.com will announce its fourth quarter earnings after the bell on Wednesday, one of the most highly anticipated earnings reports in recent memory. Shares of the AI chip darling…

Bitcoin ETF Market Will Shrink Before It Expands, Says 21Shares President

decrypt.co Bitcoin ETFs have been a huge success so far this year, but a yawning gap between the biggest issuers and the rest could mean a smaller field next year, according to…

UBS says hot, demand-driven inflation is positive for stocks, raises its S&P 500 target to a Wall Street high

aol.com None UBS raised its S&P 500 year-end target for the second time in little over a month, from 5,100 to 5,400. • None It argues that hot inflation driven by strong demand is…

Wall Street thinks stocks have room to run even higher than originally thought

finance.yahoo.com The high-water mark for Wall Street's S&P 500 (^GSPC) predictions has moved up yet again. The benchmark index has hit new record highs to kick off 2024. The surge in stocks…

Nvidia’s Q4 earnings will be a referendum on the AI trade. Revenue expected to jump 234%

finance.yahoo.com will announce its fourth quarter earnings after the bell on Wednesday, one of the most highly anticipated earnings reports in recent memory. Shares of the AI chip darling…

UBS lifts S&P 500 year-end target to 5,400 By

investing.com UBS strategists raised the 2024 target price for the again, saying their last hike to 5,150 was “not bullish enough.” On Tuesday, the broker lifted the target for the equity…

ANZ's $3.2 billion Suncorp bank unit buyout approved by tribunal

investing.com ANZ Group's A$4.9 billion ($3.2 billion) buyout of Suncorp's banking business was cleared by the Australian Competition Tribunal on Tuesday, paving the way for the bank to…

Daily Open: U.S. consumers stay bullish on the economy

cnbc.com A shopper carries several bags in the Magnificent Mile shopping district of Chicago on Dec. 2, 2023. This report is from today's CNBC Daily Open, our international markets…

Asia markets fall as China's 5-year loan rate cut fails to cheer investors

cnbc.com China's state-owned banks stepped in to sell dollars on Tuesday in their bid to stem the slide in yuan following a cut to the country's key five-year loan prime rate,…

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