Dell Technologies (DELL) ripped higher on Friday as a series of analyst upgrades and price target hikes fuelled intense buying momentum ahead of the firm’s Q1 earnings set to be released on May 28th. Wall Street remains convinced that DELL will report blockbuster financials for the first quarter, with revenue…
Shares of Take-Two Interactive Software (TTWO) fell on Friday despite the video game publisher reporting better-than-expected quarterly results and reaffirming the release timeline for the highly anticipated Grand Theft Auto VI.The company posted stronger-than-expected fiscal fourth-quarter net bookings and a narrower loss than analysts anticipated. However, investor sentiment weakened after…
Shares of Generac Holdings (GNRC) surged on Friday after Jefferies upgraded the backup power equipment maker, citing growing momentum in AI-driven data center infrastructure demand and increasing traction for the company’s Baudouin engines among hyperscale operators.Generac shares climbed 9% after Jefferies raised its rating on the stock to Buy from…
Wall Street closed higher on Friday, with the Dow Jones Industrial Average reaching an intraday record high, as easing Treasury yields and optimism surrounding diplomatic efforts in the Middle East supported investor sentiment heading into the Memorial Day holiday weekend.The Dow gained nearly 295 points, or 0.59%, to close at…
A last-minute pay agreement at Samsung Electronics has helped avert a strike at the company’s largest chip production complex, bringing relief to South Korea’s semiconductor industry while exposing growing divisions among workers over bonus payouts.The deal, reached after rising tensions between management and labour unions, comes as Samsung’s semiconductor business…
Economic activity in the euro zone contracted at its fastest pace in more than two-and-a-half years in May as rising living costs linked to the ongoing war weighed heavily on demand, particularly in the services sector, according to surveys released on Thursday.Data from S&P Global showed the Flash Euro Zone…
Europe-focused funds shed more than $1.5 billion over the past week alone, marking a 5th straight week of sustained withdrawals.With the STOXX Europe 600 trading at around 13.5 times earnings (forward), and failing to attract buyers despite a historical discount to US markets, investors are reassessing the region’s equity risk…
SoftBank’s latest rally was sudden, sharp and driven by renewed excitement around artificial intelligence.The Japanese investment group added roughly $35 billion in market value on Thursday after a near-20% surge, then extended gains on Friday as investors chased exposure to Nvidia, Arm and the prospect of an OpenAI listing.The question…
Hong Kong’s Hang Seng Index is underperforming its global peers this year as most Chinese technology giants struggle. It has dropped by over 8.4% from its highest point this year, while most indices like the Hang Seng, S&P 500, and the Dow Jones are hovering at their record highs. Hang Seng…
Asian equities advanced on Friday as investors monitored signs of progress in US-Iran negotiations, while the dollar held near six-week highs and oil prices remained volatile.The moves reflected a market still being driven by geopolitical headlines, energy supply risks and shifting expectations for global interest rates. Traders are watching whether…