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UBS lifts S&P 500 target to 8,100 as earnings upgrades broaden beyond AI
Proactive31d agobullish
UBS lifts S&P 500 target to 8,100 as earnings upgrades broaden beyond AI

UBS has raised its equity index targets across every major region after a stronger-than-expected results season, and now expects earnings at S&P 500 companies to grow 25% this year. That is up from a previous forecast of around 20%. The Swiss bank's chief investment office, which advises...

PCE Inflation Data Sets High Bar For Warsh's Jackson Hole Speech (Live Coverage)
Investor's Business Daily31d agoneutral
PCE Inflation Data Sets High Bar For Warsh's Jackson Hole Speech (Live Coverage)

The Federal Reserve's primary inflation gauge, the core PCE price index, showed no relief from price pressures ahead of Chairman Kevin Warsh's Friday speech at the annual Jackson Hole monetary policy symposium. Given that three Fed voters dissented from last month's decision to hold the benchmark interest rate steady, Warsh's ability to influence hawkish-leaning colleagues is in question. Unrounded, the core PCE price index rose 0.246%, just missing a rounding-up to 0.3%.

WD-40 (WDFC): Buy, Sell, or Hold Post Q2 Earnings?
StockStory31d agoneutral
WD-40 (WDFC): Buy, Sell, or Hold Post Q2 Earnings?

Over the past six months, WD-40’s stock price fell to $213.93. Shareholders have lost 11.7% of their capital, which is disappointing considering the S&P 500 has climbed by 10.8%. This may have investors wondering how to approach the situation.

BofA's Ike: Economic Stability Driving Africa IPO Boom
Bloomberg31d agoneutralVIDEO
BofA's Ike: Economic Stability Driving Africa IPO Boom

Improving economic conditions are driving renewed activity in Africa's capital markets according to Yvonne Ike at Bank of America. She spoke to Chief Africa correspondent Jennifer Zabasajja on Bloomberg's Next Africa program.

Salesforce Stock Has Been Fighting Back. Q2 Earnings Will Test Its AI Strategy.
Barrons.com31d agobullish
Salesforce Stock Has Been Fighting Back. Q2 Earnings Will Test Its AI Strategy.

Salesforce will report second-quarter earnings on Wednesday afternoon amid the most uncertainty it has faced since its earliest days. Wall Street analysts are projecting $3.27 in adjusted earnings per share, rising from $2.91 a year ago. Beginning last year, investors began selling off enterprise software stocks on the idea that much of what they do will be replaced by AI agents that can write software code and execute complex series of tasks from simple conversational commands.

Nvidia earnings, PCE data: What investors need to watch Wednesday
Yahoo Finance Video31d agoneutralVIDEO
Nvidia earnings, PCE data: What investors need to watch Wednesday

Asking for a Trend Host Josh Lipton previews the stories that'll be making headlines on Wednesday, August 25th, including Nvidia's (NVDA) highly anticipated earnings after the close, results from Salesforce (CRM) and CrowdStrike (CRWD), and a fresh read on inflation with the latest Personal Consumption Expenditures (PCE) data hitting before the bell.

Futures flat as traders brace for inflation data and Nvidia
Proactive31d agoneutral
Futures flat as traders brace for inflation data and Nvidia

Ahead of the bell US stock futures went nowhere on Wednesday morning, which tells you plenty about how much is riding on the next 12 hours. Contracts on the Dow Jones Industrial Average and the S&P 500 sat close to flat, while the tech-heavy Nasdaq 100 slipped 0.2% after Tuesday's...

Investing.com31d agobullish
Premarket movers: Nvidia in focus, Intuit slides and Semtech surges

Investing.com - U.S. stock futures hovered around the flatline on Wednesday, as investors remained cautious ahead of the latest U.S. inflation data and Nvidia’s quarterly results, with both events likely to offer fresh clues on the outlook for interest rates and the durability of the artificial intelligence trade.