China Banks Stockpile Record $1 Trillion of Foreign Exchange

(Bloomberg) — Chinese banks’ stockpile of foreign-currency deposits has surpassed $1 trillion for the first time, creating an opportunity for Beijing to allow greater freedom for capital to flow out of the country. The pool has been growing as surging demand for Chinese goods during the pandemic has beefed up foreign earnings of exporters, while […]

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Nike stock could surge another 50% after monster earnings report: analyst

Nike's stock is shaping up to be a slam dunk in investors' portfolios for the foreseeable future after a blowout earnings report Thursday evening sent shares soaring, most analysts contend.  "[Nike] shares should rise another 50% from here," said Jefferies analyst Randal Konik in a research note to clients. Konik rates Nike as his top […]

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Stocks at 40 Times Profits Are Cheap, Wall Street Has Determined

(Bloomberg) — Buying shares trading at 40 times earnings may not sound like a good deal. But that’s exactly what Maneesh Deshpande is telling clients to do. The head of equity derivatives strategy at Barclays Plc just upgraded his recommendation on Apple Inc. and other technology giants, advising investors to own more of these stocks. […]

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WarnerMedia-Discovery: ‘Compelling’ Global Streaming Leader or Uncertain Gamble?

Is it a pretty sure bet that the proposed WarnerMedia-Discovery combo will become a global streaming power — and successfully manage the transition from legacy media businesses? Or is the merger a risky play by two big companies that could go south? Wall Street analysts are divided on the prospects for the deal, which is […]

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Opendoor Buying up Consumer Confidence in Housing Market

Consumer behavior toward online and digital trends was accelerated in part by the COVID-19 pandemic, and this does not exclude the housing market. Opendoor Technologies Inc. (OPEN) has been penetrating even mature markets, and the company has been expanding its buy-box eligibility standards for acquiring more properties. A buy-box is the list of criteria investment […]

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Janus Henderson Adds Active Real Estate ETF

Janus Henderson Group added another actively managed ETF to its portfolio with its Janus Henderson U.S. Real Estate ETF (JRE), which debuted on the NYSE Arca on Wednesday. Portfolio manager Greg Kuhl told ETF.com that the fund will be overweight on subsectors it views as being set for growth before the pandemic—such as REITs for […]

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Apple’s Car Obsession Is All About Taking Eyes Off the Road

(Bloomberg) — At first glance, the forays Apple Inc., Google and other technology giants are making into the world of cars don’t appear to be particularly lucrative. Building automobiles requires factories, equipment and an army of people to design and assemble large hunks of steel, plastic and glass. That all but guarantees slimmer profits. The […]

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Netflix: A Stock for GARP Investors to Consider

There is a point at which a company is no longer growing at a torrid clip yet is still expected to grow at a more leisurely pace. When a company reaches such a point, it is time to view it in a different light. For Wells Fargo’s Steven Cahall, Netflix (NFLX) has now reached that […]

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Ride-Hailing Giant Didi Seeks Up to $4 Billion in U.S. IPO

(Bloomberg) — Chinese ride-hailing giant Didi Chuxing Inc. is looking to raise as much as $4 billion in one of the biggest U.S. initial public offerings of the past decade. Didi, which is one of the largest investments in SoftBank Group Corp.’s portfolio, is marketing 288 million American depositary shares for $13 to $14 apiece, […]

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Brunswick To Buy Navico For $1.05B

Brunswick Corporation (NYSE: BC) has agreed to acquire Navico, a specialist marine electronics company, for $1.05 billion. Brunswick will be using a combination of debt and cash on its balance sheet to fund the acquisition. Brunswick held $488.9 million in cash and equivalents as of April 3, 2021. The deal is expected to close in […]

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