Potential for Short Squeeze is Increasing - Citi
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- S&P 500 falls as AI worries hit software makers
- Brent crude hits six-week high near $97 as Houthi strike targets Saudi Aramco
- Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant
- Energy stocks rise premarket as oil prices climb on Middle East supply fears
- Novartis shares plunge 10% as failed drug trial clouds growth outlook
- Citi initiates UiPath coverage with Buy rating and $23 target
- Harry and Meghan surprised by King Charles' letter on their status
- S&P 500 falls as AI worries hit software makers
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
- After an 18% summer selloff in chip stocks, Citi asks what comes next
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
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Investors Continue to Favor Cyclical Stocks Despite GDP Miss - BofA
August 2, 2022 7:36 AM EDTBank of America clients continued to buy U.S. equities last week, which marks the fifth consecutive week of buying.
Hedge funds, institutional and private clients were all buying stocks, with single stocks attracting bigger inflows than ETFs.
The banks clients were buying stocks in nine of the 11 sectors, led by Tech and Communication Services, while Real Estate and Industrials witnessed outflows.... More
Markets are Vulnerable to Hawkish Surprises as It is Too Soon to Fade Recession Risks - Goldman Sachs
August 2, 2022 6:47 AM EDTGoldman Sachs strategist Cecilia Mariotti has reflected on the ongoing relief rally in equities, especially in the aftermath of the Fed meeting.
The strategist believes that the risk assets are supported by the comeback of a friendly 'real regime' with real rates resetting materially lower.
For instance, Mariotti... More
