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Golden Ocean Group Limited (NASDAQ:GOGL) saw a 10.5% increase in shares owned by Charles Schwab Investment Management Inc., which now holds 353,234 shares valued at $3.16 million. Despite a Hold rating from analysts, the company recently cut its dividend to $0.15 per share, yielding 7.37%. The stock opened at $8.14, with a market cap of $1.63 billion and a P/E ratio of 6.73.
UBS has added Euronext NV to its "30 for 30" global equity focus list, citing its potential to benefit from increased European trading volumes and volatility. The investment bank highlights Euronext's strong financial performance, with a 15.1% rise in adjusted EBITDA in 3Q24, and its strategic initiatives aimed at achieving over 5% revenue and EBITDA growth through 2027. Bank Mandiri was removed from the list due to ongoing margin pressures in Indonesia.
UBS has added Euronext NV to its "30 for 30" global stock list, replacing Bank Mandiri, citing Euronext's potential to benefit from a recovery in European trading volumes and its strong financial performance, with a 15.1% increase in adjusted EBITDA in Q3 2024. The investment bank highlights Euronext's attractive valuation and growth initiatives, while noting risks related to market volatility and regulation. Other companies on the list include Microsoft, Alibaba, Meta Platforms, and Goldman Sachs, reflecting a focus on technology disruptors in rapidly transforming sectors.
UBS has reaffirmed its Buy recommendation for Norsk Hydro, maintaining a target price of NOK 90, indicating a potential upside of 37%. The company's upstream results for Q1 2025 appear strong, with limited exposure to falling aluminum prices, although downstream and recycling sectors remain weak. Analysts noted that the recent CMD for 2024 offered mixed conclusions but provided encouraging insights on capital allocation and minority dividends.
Tesla's sales in Europe plummeted nearly 45% last month, with fewer than 16,000 vehicles sold, marking the lowest market share in February for five years. This decline is attributed to Elon Musk's controversial political involvement and the ongoing transition of the Model Y. In contrast, competitors like Volkswagen and BYD saw significant sales increases, highlighting Tesla's vulnerability amid rising competition in the electric vehicle market.
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
Nio's CEO William Li announced a significant product roadmap, with a highly anticipated model set for release in Q4, alongside the Onvo L80. He emphasized the company's goal of achieving profitability in the same quarter, stating that failure would test Nio's business model. Li also highlighted the importance of expanding into international markets and the strategic partnerships needed for success.
Nordea Bank Abp declared a dividend of $0.98, payable on April 7th to stockholders of record as of March 24th. The bank reported earnings of $0.34 per share for the last quarter, exceeding estimates, and has received "overweight" ratings from Morgan Stanley and Barclays. Currently, shares are trading at $13.99, with a market cap of $48.84 billion.
European allies Sweden, Norway, and the Netherlands are pressing the U.S. for the return of $15 million in unspent aid meant for development projects, currently held by USAID. The funds, intended for initiatives like the Water and Energy for Food program, remain unrefunded amid concerns over the Trump administration's cuts to foreign assistance and the agency's operational disruptions. As these nations seek clarity, doubts about the U.S.'s reliability as a financial partner grow, impacting humanitarian efforts and international relations.
Norges Bank, through its Government Pension Fund Global, has invested $8.1 million in Nazara Technologies, acquiring 719,000 shares at 969.65 rupees each. This marks the central bank's first investment in the company, which has seen fluctuating stock performance since its debut in March 2021. Despite a 53.5% drop in net profit in Q3 FY25, Nazara's operating revenue increased by 66.8%, and the company continues to expand through acquisitions, including a recent increase in its stake in Absolute Sports Private Limited.
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golden ocean group sees mixed analyst ratings and recent dividend cut
08:21 28.03.2025
Euronext joins UBS global equity focus list amid strong growth prospects
15:06 27.03.2025
ubs adds euronext to global stock list amid positive growth outlook
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15:04 27.03.2025
ubs maintains buy rating on norsk hydro with target price of nok 90
12:57 27.03.2025
tesla sales decline sharply in europe amid political controversies and competition
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15:39 24.03.2025
Morgan Stanley announces management changes for China A Share Fund
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13:46 24.03.2025
Nio aims for profitability with new models launching in fourth quarter
12:03 24.03.2025
Nordea Bank Abp announces dividend and reports strong quarterly earnings performance
13:29 23.03.2025
european allies seek return of unspent aid from usaid amid funding freeze
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12:37 23.03.2025
Norwegian central bank invests 8.1 million dollars in Nazara Technologies
05:00 23.03.2025
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