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bank of america reports strong earnings and declares quarterly dividend

Bank of America reported Q4 earnings of $0.82 per share, exceeding estimates, with revenue of $25.30 billion, a 15% increase year-over-year. The company declared a quarterly dividend of $0.26 per share, yielding 2.52%, and has a Moderate Buy rating from analysts, with a consensus target price of $48.45.
MarketBeat
Bank of America Corporation USA
Finance & Economy, Market Report
13:20 31.03.2025

Huawei reports 38 percent revenue growth driven by smartphone sales resurgence

Huawei Technologies reported a 38% revenue increase in its consumer business for 2024, driven by a resurgence in smartphone sales, despite ongoing US-China tensions. Total revenue reached 862.1 billion yuan (US$120 billion), with the smartphone segment seeing a 37% rise in shipments to 46 million units, making Huawei the second-largest brand in China. The company also noted a significant growth in its intelligent automotive solutions, while net profit fell 28% due to increased investments in future technologies.
Tech Edition
Chinese Yuan Huawei Technologies CO. Ltd. Semiconductor Manufacturing International Corporation CHN Meng Wanzhou
Business & Industry, Market Report
13:18 31.03.2025

hedge funds rapidly exit tech stocks amid looming tariff concerns

Hedge funds rapidly sold off tech stocks last week, marking the fastest pace in six months and the highest levels in five years, as concerns over impending tariffs and potential economic recession grew. Goldman Sachs reported that U.S. tech stocks accounted for about 75% of the selling, particularly impacting AI-related hardware companies. This shift has brought hedge fund exposure to tech stocks to a five-year low, following a brief period of buying in mid-March.
reuters.com
United States Dollar The Goldman Sachs Group, Inc. JPMorgan Chase & Co. USA Dhara Ranasinghe Mark Heinrich
Finance & Economy, Market Report
13:15 31.03.2025

hedge funds rapidly exit tech stocks amid looming tariff concerns

Hedge funds rapidly sold off tech stocks last week, marking the fastest pace in six months and the highest levels in five years, as concerns over impending tariffs and potential recession grew. The tech sector, particularly AI-related hardware, saw significant net selling, with hedge fund exposure now at a five-year low. Major short positions included Nvidia, Advanced Micro Devices, and Tesla, reflecting a shift in market sentiment ahead of the April 2 tariff deadline.
Yahoo Finance
Armenian Dram United States Dollar NVIDIA Corporation Tesla, Inc. USA Donald Trump Dhara Ranasinghe Mark Heinrich Show more
Finance & Economy, Market Report
13:15 31.03.2025

rising recession risks as tariffs escalate according to goldman sachs

Goldman Sachs has raised the odds of a US recession to 35% within the next year, citing escalating tariffs from Trump's trade war as a key factor. The bank also increased its inflation forecast and adjusted its GDP growth estimate for 2025 to just 1%, while predicting a rise in the unemployment rate to 4.5%. Consumer confidence has significantly declined, with many Americans anticipating higher unemployment, as the administration's aggressive tariff policies continue to unfold.
CNN
United States Dollar The Goldman Sachs Group, Inc. USA Scott Bessent Donald Trump Peter Navarro Show more
Finance & Economy, Market Report
13:15 31.03.2025

deutsche bank lowers constellation brands price target while maintaining hold rating

Deutsche Bank has lowered its price target for Constellation Brands, Inc. to $193 from $213 while maintaining a hold rating. The company, a major American producer of wines, spirits, and beers, generates 97.9% of its net sales in the United States, with beer accounting for 81.9% of sales.
MarketScreener
United States Dollar Constellation Brands, Inc. USA Show more
Business & Industry, Market Report
13:14 31.03.2025

Elon Musk merges Twitter with xAI in surprising self-acquisition deal

Elon Musk has once again acquired Twitter, merging it with his AI company, xAI, in a deal valued at $44 billion, despite the platform's declining worth. This transaction, likely a stock swap, aims to combine xAI's AI capabilities with Twitter's extensive reach, raising concerns about potential mass disinformation. Musk stated that the merger would unlock significant potential by integrating their resources and expertise.
Boing Boing
Kingdom Holding Company Arazul Sequoia Capital FIM C Priv Elon Musk
Business & Industry, Blog Post
13:14 31.03.2025

Citigroup lowers PACCAR price target while maintaining neutral rating

Citigroup has lowered its price target on PACCAR to $105 from $112 while maintaining a neutral rating. PACCAR, Inc. focuses on designing, manufacturing, and marketing transportation vehicles, with truck sales accounting for 76.4% of net sales, followed by accessories and financing services. In 2023, the company sold 204,200 vehicles, with significant distribution in the United States, Europe, and other regions.
MarketScreener
PACCAR Inc AUS MEX CAN USA Show more
Business & Industry, Market Report
13:14 31.03.2025

citigroup lowers price target on cummins while maintaining buy rating

Citigroup has lowered its price target on Cummins Inc. to $360 from $430 while maintaining a Buy rating. Cummins specializes in designing and manufacturing diesel and gas engines, generators, and components, with significant sales in the U.S. (56.7%) and a diverse product range including filtration systems and turbochargers.
MarketScreener
United States Dollar Cummins Inc. IND CHN USA Show more
Business & Industry, Market Report
13:14 31.03.2025

citigroup lowers price target on invesco while maintaining neutral rating

Citigroup has lowered its price target on Invesco Ltd. to $16 from $20 while maintaining a neutral rating. Invesco, a leading asset management firm, oversees USD 1,846 billion in assets, with net sales primarily concentrated in the Americas (76.7%), followed by Europe/Middle East/Africa (18.8%) and Asia/Pacific (4.5%).
MarketScreener
United States Dollar Invesco Ltd. USA
Business & Industry, Market Report
13:12 31.03.2025
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