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S&P 500, Nasdaq hit record closing highs; Lululemon gains, data supports rate cut view
  • December 6, 2024

S&P 500, Nasdaq hit record closing highs; Lululemon gains, data supports rate cut view

NEW YORK (Reuters) -The Nasdaq and the S&P 500 rose to record closing highs on Friday following upbeat forecasts from Lululemon Athletica and other companies and as U.S. jobs data fueled expectations the Federal Reserve would cut interest rates this month. The Dow finished lower, as a 5.1% drop in UnitedHealth Group shares weighed on the index. The S&P 500 consumer discretionary index rose 2.4% to hit an all-time closing high.

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Bill Gross Is On the Alert as Momentum Mania Sweeps Wall Street
  • December 6, 2024

Bill Gross Is On the Alert as Momentum Mania Sweeps Wall Street

(Bloomberg) -- Bitcoin rallying to the moon, meme stocks surging for no good reason, bearish bets cratering all at once. Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectFor observers without a sense of Wall Street’s long history, the great market mania of 2024 seems new and dangerous. To Bill Gross, who turned 80 this

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Intel’s Lack of a Clear Plan Makes Wall Street Even More Bearish
  • December 6, 2024

Intel’s Lack of a Clear Plan Makes Wall Street Even More Bearish

(Bloomberg) -- Things were already looking bad for Intel Corp. shares this year. But the chipmaker’s sudden ouster of its chief executive officer has led to even more investors throwing in the towel.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe stock fell 13% in the five days ending Friday, notching its worst wee

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Energy Drink Firm Celsius Set to Energize Market Growth, Analyst Sees Significant Upside
  • December 6, 2024

Energy Drink Firm Celsius Set to Energize Market Growth, Analyst Sees Significant Upside

Needham analyst Gerald Pascarelli initiated coverage on Celsius Holdings, Inc. (NASDAQ:CELH) with a Buy rating and a price target of $38. The analyst says that as the third-largest player in energy drinks, CELH is positioned to benefit from a healthier category rebound and growing demand for zero-sugar products, creating a favorable environment for revenue acceleration alongside easier year-over-year comparisons. The analyst writes that while the company recently saw its first year-over-year sha

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