American Airlines is moving past some headwinds, TD Cowen said. Analyst Tom Fitzgerald upgraded shares of the Texas-based carrier to buy from hold. Fitzgerald also increased his price target by $8 to $25, which suggests that the stock can soar 47.3% from Friday’s closing level. TD Cowen’s $25 price target appears to be a new high on Wall Street, according to LSEG. Unlike Fitzgerald, the majority of analysts have a hold rating on the stock. American “has emerged from transitory 2024 challenges,” Fitzgerald wrote to clients in a Monday note. “We view consensus estimates as too low given tailwinds and…
Author: usaeverydaylife
2024 was a record year for ETF inflows amid the increasing “retailization” of trading. While the majority of inflows continue to go into plain vanilla index funds, there is an increasing “active” retail component that wants to trade volatile tech stocks despite the fees and risks. Retail traders worldwide are turning to ETFs to get access to what they want the most: volatile tech stocks. These investors not only seek volatility, they seek to trade it with leverage. The U.S. market, and particularly the ETF market, is giving them what they crave: access to tech stocks they know and love (…
Prime Minister of Italy Giorgia Meloni on Nov. 20, 2024, in Buenos Aires, Argentina.Tomas Cuesta | Getty Images News | Getty ImagesItalian Prime Minister Giorgia Meloni made a surprise visit to Mar-a-Lago on Sunday, meeting incoming President Donald Trump for the second time since he won the U.S. election in November.During the meeting in Florida, Trump described Meloni as a “fantastic woman… she’s really taken Europe by storm” in a briefing with reporters.Meloni, meanwhile, posted on X that she’d had a “nice evening” with Trump, adding that she was “ready to work together,” according to a Google translation of her post.She…
There’s light at the end of the tunnel for Boeing , according to Barclays. Analyst David Strauss upgraded the aerospace giant to overweight from equal weight, noting he’s positive for the first time since 2019. Strauss also upped his price target by $20 to $210, now reflecting the potential for shares to rally 23.6% over Friday’s close. “We think upside for the stock now mostly relies on sustained positive momentum for production and deliveries, which we believe BA is poised to demonstrate in 2025,” Strauss wrote to clients in a Monday note. “While we don’t see an overwhelmingly compelling upside…
Platforms B and C, offshore oil and gas platforms operated by DCOR, LLC, in the Dos Cuadras Field off the coast of Santa Barbara, California, US, on Monday, Jan. 15, 2024. Eric Thayer | Bloomberg | Getty ImagesThe White House announced Monday that President Joe Biden would ban new offshore oil and gas drilling along most of the U.S. coastline.The order will protect some 625 million acres of ocean along America’s Atlantic and Pacific coasts, the Gulf of Mexico and Alaska’s Bering Sea from “environmental and economic risks and harms,” the White House said in a statement announcing the move. It is also an attempt to protect Biden’s climate legacy from the…
UK firms are planning to raise prices to cover higher tax payouts as confidence among businesses tumbled to its lowest level since the market-rocking “mini-budget” crisis of fall 2022, according to a survey by the British Chambers of Commerce.The trade group said sentiment had “declined significantly” in its largest poll since the Labour government’s debut budget last October, which included a hike in the amount many employers pay out in National Insurance (NI), a tax on earnings. The BCC said 63% of businesses cited tax as a worry in the survey, up from 48% in the third quarter. More than half (55%) said they expect prices…
Jakub Porzyck | Nurphoto | Getty ImagesGlobal semiconductor stocks climbed on Monday after contract electronics giant Foxconn announced record fourth-quarter revenues, suggesting the artificial intelligence boom has far more room to run.Hon Hai Precision Industry, which does business as Foxconn internationally, said in a Sunday statement that the company’s fourth-quarter revenue totaled 2.1 trillion New Taiwan dollars ($63.9 billion), growing 15% year-over-year.Foxconn — which is a supplier to Apple — also set a record, posting the highest fourth-quarter revenue ever in company history, according to the statement.The firm’s bumper revenue performance was driven by growth in its cloud and networking…
Secretary of State Antony J. Blinken and the foreign minister of South Korea, Cho Tae-yul, both acknowledged the challenges to democracy in their nations on Monday while asserting that the alliance between the countries remained strong despite ongoing political turmoil.“Our relationship is bigger than any one leader, any one government, any one party,” Mr. Blinken said at a news conference with Mr. Cho, alluding to the change in leadership in both nations. The one in South Korea — in which the president was impeached after declaring martial law — took the world by surprise and is still playing out.“I think…
A man with a face mask walks past the logo of Foxconn, or Hon Hai Group , which is Taiwans technology giant and the worlds leading producer of semiconductors or chips particularly for Apples devices, amid COVID-19 outbreak , in Taipei, Taiwan, 15 July 2021.Ceng Shou Yi | Nurphoto | Getty ImagesTaiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers.Revenue for Apple’s biggest iPhone assembler jumped 15.2% to 2.13 trillion New Taiwan dollars ($64.72 billion), Foxconn said in a statement on…
Barclays moved off the sidelines on Citigroup, citing an “inflection point” for the company as the outlook improves for large-cap banks across the board. Analyst Jason Goldberg upgraded Citigroup to overweight from equal weight, putting him in the majority on Wall Street with a buy-equivalent rating, per LSEG. Goldberg also hiked his price target by $25 to $95, which now implies 33.8% upside over Friday’s close. “Our thesis for Large-Cap Bank stocks in 2025/26 centers around accelerating earnings growth, higher investment banking fees, healthy operating leverage, increasing [return on tangible common equity], greater capital return, and [price-to-earnings] multiple expansion,” Goldberg…
