Stock Market News

Raymond James Increases Apple Stock Price Target to $250, Highlights Stability and AI Potential

Key Points: Raymond James increased Apple's target from $200 to $250 per share. The firm expects a slight beat in F3Q24 results and a consistent outlook. Favorable iPhone and Mac sales trends were observed in the Asia supply chain, TSMC results, and China CAICT data. Upcoming AI features are expected to drive a multi-year iPhone upgrade cycle. Significant changes to iPhone 17 internals to enhance on-device AI capabilities. Apple’s ecosystem, hardware, and privacy focus offer a unique edge in AI. Early stages of Edge AI require lower capital expenditure and offer faster monetization. Raymond James analysts have raised their stock...

Latest Stock Market News

BMO Capital Markets Raises Stock Price Target for Alphabet Amid Optimism for AI-Driven Growth

Key Points: BMO Capital Markets raises Alphabet's stock price target from $215 to $222. Alphabet's Search share increased by 310 basis points globally. Effective AI capabilities are driving growth in Search and YouTube businesses. Analysts predict a 20-40 basis points increase in YouTube revenue for 2024, with potential further gains if TikTok ad spending decreases. Google Cloud is expected to grow by 28% in 2024,...

US Stock Index Futures Slip Slightly Ahead of Inflation Data

Key Points: U.S. stock index futures fell slightly on Thursday. The S&P 500 Futures dropped 0.11%, the Nasdaq 100 slipped 0.086%, and the Dow Jones Futures fell 0.14%. Fed Chair Jerome Powell's positive comments boosted confidence in a potential soft landing for the economy. Upcoming consumer price index (CPI) data is expected to show easing headline inflation and persistent core inflation. Crude prices rose as...

European Stock Markets Edge Higher Amid Political Developments and Wall Street Gains

Key Points: European markets edged higher, with the DAX up 0.43%, CAC 40 up 0.71%, and FTSE 100 up 0.78%. Wall Street gains and potential rate cuts from the Federal Reserve influenced market sentiment. Political developments in the U.K. and France are in focus, with significant elections upcoming. Crude oil prices fell due to soft U.S. economic data and weak Chinese PMI figures, though supported...

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