US Stock Reports, Quotes and News
In the wake of a recent pullback, AMD (NASDAQ:AMD) stock is receiving a shot in the arm from HSBC\’s bullish upgrade. This upgrade comes after a period of decline for AMD, which investors will be hoping signals a turn-around for the chipmaker.
DOMS rose nearly 5% to Rs 1,800 while Flair added 3% to Rs 301. The brokerage firm values DOMS at 50x FY26 EPS and Flair at 24x FY26 EPS.
Sanjiv Bhasin recommends strategic investments in HUL, LTI, and Indiabulls Real Estate. He advises reallocation from heavyweight stocks to capitalize on growth prospects. Opportunities also lie in ICICI Bank, Bharti Hexacom, Voda-Idea, and IDFC Bank. Bhasin further says: \”We are looking at one pullback rally because all negatives are slowly getting priced in. \”
Rupesh D Sankhe discusses the strong fundamentals in the power sector, with some companies facing stretched valuations. Opportunities exist in renewable energy sectors and ancillary companies like smart meter manufacturers and HVDC companies. Sankhe says: \”With the kind of investment that is happening on the solar, wind side, companies like Suzon Energy, Inox Wind will benefit from the RTC tenders as well as the wind auction which is happening.\”
Bank of America Securities upgraded shares of Cisco Systems (NASDAQ:CSCO) to Buy from Neutral in a note Monday, raising the stock price target to $60 from $55 per share.
While noting that the reforms in crude and gas pricing have improved the company\’s profitability above past decade averages, Jefferies expects strong free cash flow generation and consolidated net debt reduction on profitable production growth over FY 24-26.
India set to exit FY24 with a GDP of $3.6 trillion. Strong market performance observed with significant returns. Various sectors like BFSI, Auto, Healthcare, Tata Consumer, and Birla Corp showcase growth potential.
Aditya Arora provides insights on stock recommendations, including ONGC and Thermax. He also advises on Senco Gold\’s strong performance, the bullish outlook on the metals pack, trading opportunities in Vodafone, and key levels for Nifty and Bank Nifty. Arora says: \”The metal index is trading at 9002 odd levels. I still think it is a buy; the upside which I see is 9500 to 9600.\”
Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Ulta Beauty (NASDAQ:ULTA), American Eagle Outfitters (NYSE:AEO), CAVA Group, and Nike (NYSE:NKE); downgrade for Arista Networks (NYSE:ANET).
(Reuters) – Salesforce (NYSE:CRM) is in advanced talks to acquire data-management software provider Informatica, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Sanjiv Bhasin says I \”there is a lot of froth on the markets including the domestic market.\” He discusses market trends, advising caution and specific investments. He further highlights the impact of China on metals, Zomato\’s market performance, as well as InterGlobe\’s dominance despite competitor challenges, recommending strategic investment approaches.
Sudeep Shah, from SBI Securities, predicts market consolidation and bullish movement towards 22,950-23,000. He further Recommends Aditya Birla Capital and MCX stocks and anticipates positive trends in the pharma sector, specifically mentioning Concord Bio.