Stock market

Any near-term weakness in S&P 500 would provide a “buy the dip” opportunity: JPM
June 04, 2025 11:25 PM AEST| By InvestingInvesting.com -- JPMorgan analysts said in a note Wednesday that while the recent equity market rebound has lost momentum, any short-term pullback in large-cap stocks should be viewed as a “buy the

Constellation Energy shares slip as Citi lowers rating on limited upside potential
June 04, 2025 11:09 PM AEST| By InvestingInvesting.com -- Citi downgraded Constellation Energy (NASDAQ:CEG) shares to Neutral from Buy, citing limited near-term upside following the stock’s recent rally and the announcement of a power purc

Mizuho updates U.S. top picks: Adds CVS Health, PayPal and Oracle
June 04, 2025 10:49 PM AEST| By InvestingInvesting.com -- Mizuho has updated its U.S. Top Picks list for June, adding CVS Health (NYSE:CVS), PayPal (NASDAQ:PYPL) and Oracle (NYSE:ORCL) to its highest-conviction ideas, alongside ConocoPhillip

Wells Fargo jumps after Fed lifts long-standing asset cap
June 04, 2025 10:25 PM AEST| By InvestingInvesting.com -- Wells Fargo shares rose 3.5% in premarket trading Wednesday after the Federal Reserve lifted a key restriction that had capped the bank’s asset growth since 2018.

PetroChina to shut down final crude unit at major north China refinery
June 04, 2025 09:51 PM AEST| By InvestingInvesting.com -- PetroChina, the state-owned oil major, is preparing to close the last crude unit at its largest north China refinery. This move aligns with an earlier plan marking the country’s fir

Tesla could become a major player in drone manufacturing: Morgan Stanley
June 04, 2025 09:23 PM AEST| By InvestingInvesting.com -- Tesla may be well-positioned to enter the drone and electric vertical takeoff and landing (eVTOL) market, according to Morgan Stanley (NYSE:MS), which sees a potential $9 trillion tot

Globalfoundries to invest 1.1 billion euros in Dresden factory expansion
June 04, 2025 09:21 PM AEST| By InvestingInvesting.com -- The US-based chip manufacturer, Globalfoundries (NASDAQ:GFS), has plans to expand its factory in Dresden, according to a Wednesday report by Handelsblatt. The company is set to invest

Brookfield to invest about $10 billion in Swedish AI data center
June 04, 2025 07:17 PM AEST| By InvestingInvesting.com -- Brookfield Asset Management (TSX:BAM) on Wednesday announced plans to invest as much as 95 billion Swedish crowns, equivalent to $9.91 billion, in the construction of a data center fo

Lumentum stock rises on raised guidance
June 04, 2025 07:31 AM AEST| By InvestingInvesting.com -- Shares of Lumentum Holdings (NASDAQ: NASDAQ:LITE) climbed 6% after-hours following the company’s updated guidance revealed in a recent slide presentation. The optical and photonic p

Wells Fargo stock rises after Fed lifts growth restrictions
June 04, 2025 06:55 AM AEST| By InvestingInvesting.com -- Wells Fargo (NYSE:WFC) shares climbed 3% following the Federal Reserve’s announcement that the bank is no longer subject to the asset growth restriction from the Board’s 2018 enfo

Replacing SAP is challenging but necessary, says Russian billionaire Mordashov
June 04, 2025 03:57 AM AEST| By InvestingInvesting.com -- Developing a domestic substitute for the business software provided by Germany’s SAP is difficult and costly but has to be done, said Russian steel tycoon Alexey Mordashov at a rece

Goldman Sachs starts coverage on auto services stock with mixed ratings
June 04, 2025 02:33 AM AEST| By InvestingInvesting.com -- Goldman Sachs initiated coverage on U.S. auto service providers taking a cautious stance on the sector amid concerns about market saturation and execution risk, while expressing optim

Truist upgrades Oshkosh saying stock ‘too cheap to ignore’
June 04, 2025 01:47 AM AEST| By InvestingInvesting.com -- Truist upgraded Oshkosh (NYSE:OSK) Corp to Buy from Hold and raised its price target to $127 from $93, citing a compelling valuation, strong backlog in the vocational segment, and tro

Netflix: Jefferies remains bullish, sees a favorable catalyst path
June 04, 2025 01:43 AM AEST| By InvestingInvesting.com -- Jefferies reiterated its Buy rating on Netflix (NASDAQ:NFLX) and raised its price target for the stock to $1,400 from $1,200 in a note Tuesday, citing confidence in the streaming gian

JP Morgan downgrades Bumble at it sees further revenue pressure
June 04, 2025 01:11 AM AEST| By InvestingInvesting.com -- JP Morgan downgraded Bumble (NASDAQ:BMBL) Inc to Underweight from Neutral, citing expectations for accelerating revenue and user declines, and maintained its $5 price target, which im

RBC on Reddit: Sees early stages of a shift to the ’World Wide Website’
June 04, 2025 12:37 AM AEST| By InvestingInvesting.com -- RBC Capital Markets initiated coverage of Reddit with a Sector Perform rating and a $125 price target, citing both upside potential and risks as the platform navigates a transforming

JP Morgan upgrades Pinterest on engagement gains, attractive valuation
June 04, 2025 12:33 AM AEST| By InvestingInvesting.com -- JP Morgan upgraded Pinterest Inc (NYSE:PINS) to Overweight from Neutral and raised its price target to $40 from $35, citing improved user engagement, monetization gains, and an undema

Desjardins downgrades Canadian energy stocks on bearish oil outlook
June 04, 2025 12:31 AM AEST| By InvestingInvesting.com -- Desjardins Capital Markets downgraded three Canadian oil companies: Imperial Oil Ltd (TSX:IMO), Tamarack Valley Energy Ltd (TSX:TVE), and Whitecap Resources Inc . (TSX:WCP); citing be

Warren Buffett’s Berkshire target cut at UBS on lower investment income
June 04, 2025 12:31 AM AEST| By InvestingInvesting.com -- UBS has trimmed its 12-month price target for Berkshire Hathaway’s Class A shares by about 2%, citing “modestly lower EPS estimates due principally to a lower investment income fo

GSK cut to Hold by Berenberg as investors await proof from upcoming drug launches
June 03, 2025 11:57 PM AEST| By InvestingInvesting.com -- Berenberg has lowered its rating on GSK plc (LON:GSK) to Hold from Buy, a move driven by the stock’s strong year-to-date (YTD) performance and an expected pause in investor enthusia

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