It has been a largely sideways move for the stock market since early June, but a Wall Street bull is telling clients that this consolidation episode is likely to “resolve to the upside” due in part to historical credit levels. and liquidity. “Over the past week, economic data continued to …
Read More »Dow Jones Industrial Average rises as Tech Rout hits Nasdaq, S&P 500
Text size And so it begins. The Nasdaq Composite has been going up for so long now, it’s hard to remember if it feels like it’s going down. Now we know. Yes, that’s an exaggeration, but not much. He had been active for seven of the past nine trading days …
Read More »Disney Shares Earn a Buy Rating in Goldman for Underestimated Transmission Potential
Walt Disney Co. DIS, + 0.26% It could rack up more than 150 million Disney + streaming subscribers by 2025, wrote Goldman Sachs analyst Brett Feldman, who began hedging the media giant’s shares with a buy rating and a $ 137 price target on Monday. The company had 54.5 million …
Read More »Spartan buys Fisker for $ 2.9 billion. What it says about hot electric vehicle stocks.
Text size Fisker believes that Ocean is the world’s most sustainable all-electric SUV. Courtesy of Fisker. It’s official. Spartan Energy Acquisition is buying California-based electric vehicle maker Fisker in a deal that values the startup at $ 2.9 billion, another $ 1 billion valuation for the ultra-powered alternative fuel space. …
Read More »Dow Futures Rise despite Covid-Case’s relentless increases. This is what the market may be looking at.
Text size Jeenah Moon / Getty Images 7:18 am Coronavirus cases continue to increase. The earnings season is preparing to begin. And the Dow Jones Industrial Average futures are rising. That is not as contradictory as it sounds. The stock market rebounded on Monday just where it left off on …
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