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Sheaff Brock Investment Advisors LLC increased its stake in MPLX, owning 19,701 shares valued at $876,000 after a recent purchase. Cherry Creek Investment Advisors and Sound Income Strategies also boosted their holdings, reflecting growing institutional interest in the pipeline company. Analysts have mixed ratings, with a consensus "Moderate Buy" and a price target of $48.44, while UBS Group raised its target to $55.00, indicating potential upside.
Ready Capital operates in LMM Commercial Real Estate and Small Business Lending, focusing on various loan types including SBA and residential mortgages. UBS Group has lowered its price target for the stock from $8.50 to $7.50, maintaining a "neutral" rating, while the consensus rating remains "Hold" with an average target of $9.04. The stock recently traded at $7.03, with a market cap of $1.18 billion and significant institutional ownership at 55.87%.
US President-elect Donald Trump has nominated Robert F. Kennedy Jr., an anti-vaccination advocate, as Secretary of Health and Human Services, aiming to protect citizens from harmful chemicals and misinformation. In business news, Swiss Steel is cutting 800 jobs due to weak demand, while Meyer Burger faces potential collapse after losing its largest customer. German Chancellor Olaf Scholz urged Russian President Vladimir Putin to negotiate peace with Ukraine, condemning the ongoing conflict. Meanwhile, Zurich authorities dismissed managers for sexist and racist behavior in the cleaning service.
Investors seeking exposure to Bitcoin without direct cryptocurrency investment can consider stocks that act as "crypto proxies." Top picks include MicroStrategy Incorporated, Coinbase Global, and Riot Blockchain, all of which have financial performance closely tied to Bitcoin's price movements. Coinbase, as a leading exchange, benefits from increased trading volumes during Bitcoin price surges, while Riot Blockchain's valuation is significantly influenced by its Bitcoin mining operations.
UBS analysts warn that Trump's housing plan, which includes transforming federal land into homes and offering tax incentives for homeownership, may inadvertently raise home prices and mortgage rates due to limited infrastructure and increased buyer competition. Additionally, proposed deregulation and immigration policies could further complicate the housing market, exacerbating the existing supply shortage and driving up construction costs. The outlook for buyers remains uncertain, heavily influenced by the Federal Reserve's stance on interest rates.
AM Squared Ltd acquired a new stake in Advance Auto Parts valued at approximately $63,000, with institutional investors holding 88.75% of the stock. Analysts have mixed ratings, with a consensus "Hold" and a price target averaging $49.46, while the stock recently traded at $38.48, down from a 52-week high of $88.56. The company reported a quarterly EPS of $0.75, missing estimates, and a slight revenue decline compared to the previous year.
Victory Capital Management Inc. increased its stake in AST SpaceMobile by 5.5%, owning 15,542 shares valued at $180,000. Institutional investors hold 60.95% of the company, which focuses on space-based cellular broadband services. Analysts have raised price targets for the stock, with UBS Group setting a new target of $31, indicating a potential upside of 38.76%.
Socorro Asset Management LP increased its stake in Coterra Energy, owning 403,106 shares valued at $9.65 million, while Edgestream Partners L.P. entered a new position worth $2.22 million. Hedge funds and institutional investors hold 87.92% of the stock. Coterra Energy's price target was raised to $35.00 by UBS Group, indicating a potential upside of 34.82%. The company reported a quarterly EPS of $0.32, missing estimates, but revenue rose to $1.36 billion.
Goldman Sachs has disclosed $718 million in Bitcoin ETF holdings, marking a significant shift from its previous skepticism towards digital assets. The largest investment is in BlackRock’s iShares Bitcoin Trust ETF, totaling approximately $461 million, with a 71% increase in holdings since last quarter. This change reflects a reevaluation of the bank's strategy amid growing institutional interest in Bitcoin.
The dollar is set to achieve its longest winning streak since February, with seven consecutive weekly gains, as traders anticipate that President-elect Donald Trump's policies will bolster the US currency. The Bloomberg Dollar Spot Index increased by 1.5% over the week, despite a slight decline on Friday, while the British pound struggled against the greenback.
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institutional investors increase stakes in mplx amid mixed analyst ratings
17:28 15.11.2024
ready capital faces lowered price targets amid mixed analyst ratings
17:28 15.11.2024
Trump nominates vaccine opponent as health secretary amid job cuts in Switzerland
Swiss Steel Holding AG
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Michelle Steinbeck
Olaf Scholz
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16:59 15.11.2024
top three bitcoin related stocks to watch in the market
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MicroStrategy Incorporated
Coinbase Global, Inc.
Riot Blockchain Inc.
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16:55 15.11.2024
trump housing plan may drive up prices and mortgage rates analysts warn
16:52 15.11.2024
advance auto parts faces mixed analyst ratings and fluctuating stock performance
16:42 15.11.2024
institutional investors increase stakes in ast spacemobile amid positive analyst ratings
16:42 15.11.2024
coterra energy sees increased institutional investment and analyst price target upgrades
16:42 15.11.2024
Goldman Sachs Increases Bitcoin ETF Holdings to 718 Million Dollars
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Sharmin Mossavar Rahmani
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16:39 15.11.2024
dollar achieves longest winning streak since february amid trump's election victory
16:37 15.11.2024
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