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Insider buying is surging. What investors need to know, and why it may not signal a market bottom

Although corporate insiders are buying more stock than retail investors, they have increased their purchase of stocks in May. Retail investors should wait to follow their lead. According to The Washington Service data, the insider sell-value ratio was at its highest level since March 2020 through May 23. It was already the most significant month […]

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The S&P 500 launches its fifth 5% rally since the Jan. 3 peak. Could this one stick?

Here is Mike Santoli’s daily note, CNBC senior markets commentator. This notebook contains thoughts about market trends, stocks, and statistics. The fifth S & P 500 rally of more than 5% since the Jan. 3 market peak is underway. More than 8% is a difference from the intraday bottom for this decline set last week. […]

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JPMorgan sees upside for bitcoin after recent washout

According to Nikolaos Panigirtzoglou, JPMorgan strategist, Bitcoin investors were swept up by the market chaos this year. However, those who are still sticking with the currency should anticipate at least 30% upside from the crypto. The fair value of bitcoin is $38,000, which is about 32% upside from its current trading price. Friday, at 12:02 […]

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Tech workers’ company shares slid in 2022 – and so has their wealth. Three steps they can take

Technology workers who are paid equity have seen their wealth decline alongside that of their employers. However, the good news is not as dire as it appears. The Nasdaq Composite has fallen 23% over the past year, and it is well rooted in a bearish market. Tech companies are particularly affected by higher interest rates, […]

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Russian stocks may be ‘essentially worthless,’ MSCI research suggests

New research by MSCI suggests that Russian stock prices may not have the same value as those listed on Moscow Exchange. Moscow quit trading as stocks fell on account of Russia’s invasion. reopening a month laterThe exchange was shut down for the second time in its history, since the fall the Soviet Union. International powers […]

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Gap, Apple, Tesla, Netflix, Citi, CVS, Ulta

The following are Friday’s top Wall Street calls: Jefferies Upgrades Ulta To Buy From Hold Jefferies indicated that the company is now more positive on Ulta shares. “We are reframing our thesis, upgrading to Buy with an ‘all clear’ signal re: make-up recovery, favorable channel shift, share gains, leverage on tighter costs & inventory, embedding […]

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Needham upgrades Boston Scientific to buy, says company can fend off competition

Needham says Boston Scientific is strong across all areas, even in an area that a competitor wants to gain market share. Analyst Mike Matson raised Boston Scientific’s buy rating to hold. He stated in a note sent to clients that the company produces a medical device and should continue to be a strong seller, despite […]

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Jefferies upgrades Ulta to buy, says strong earnings are the ‘all clear’ for a recovery

According to Jefferies, a strong quarter-end report signals the beginning of Ulta Beaty’s solid recovery. Ulta Beaty surpassed all expectations for her first quarter. She generated $6.30 in adjusted earnings per stock on revenue of $2.35 billion. Refinitiv surveyed analysts and they expected $4.46 earnings per share for $2.12 trillion in revenue. Also, the company’s […]

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Morgan Stanley downgrades Gap after weak first-quarter report, says stock has further downside

According to Morgan Stanley, Gap’s first quarter could have been a rough start to a much longer decline. Kimberly Greenberger analyst downgraded Gap’s stock to underweight. This was due to Thursday’s poor quarterly report that showed an internal problem and difficult consumer conditions. “The 1Q22 EPS miss materialized, & updated FY guidance proves the downside […]

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Credit Suisse downgrades Citi to neutral, says the bank has limited upside

Credit Suisse reports that Citigroup stock might struggle to make it to the top unless Jane Fraser becomes CEO. The bank’s analyst Susan Roth Katzke reduced its rating to neutral, from outperform. Credit Suisse sent a note Friday to investors stating that the bank had more options. Roth Katzke said that C shares could have […]