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Dogecoin has experienced a significant decline of over 25% in the past two days, nearing critical support levels around $0.22076. Following the recent FOMC meeting, bearish sentiment in the crypto market has intensified, raising concerns about a potential drop below $0.20. Analysts suggest that if DOGE rebounds, it could target $0.40894 and $0.65557, indicating a possible 165% rally.
The SP500 is currently experiencing a 4.5% correction from its peak, with a potential further drop of 200 points to reach key technical support levels. The first Fibonacci retracement zone is identified at 5630 points, coinciding with previous resistance levels that have turned into support. Historically, recent corrections in the SP500 have been consistently bought back, indicating a resilient market trend.
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UBS anticipates a weaker fourth quarter for ABB, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis, which is provided for informational purposes only and carries no contractual value. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
UBS anticipates a challenging fourth quarter for ABB, projecting a 10% reduction in adjusted EBITA amid a tough market, leading to a 4-5% share reaction. While sales growth for 2024 is now expected to be below 5%, the 2025 outlook remains stable, with an operating margin target slightly above 18%.
UBS has upgraded FedEx to a 'Buy' rating with a target price of $311. However, trading in financial instruments and cryptocurrencies carries significant risks, including potential loss of capital. It is crucial for investors to understand these risks and seek independent advice if needed.
The Parliamentary Commission of Inquiry (CEP) has released a report on the Credit Suisse crisis, attributing the bank's downfall to years of mismanagement and criticizing the Swiss Financial Market Supervisory Authority (FINMA) for its inadequate oversight. The report highlights the need for improved TBTF legislation and a public liquidity backstop mechanism, while acknowledging that the authorities successfully averted a global financial crisis during the bank's forced merger with UBS in March 2023.
Around a thousand employees at Credit Suisse are affected as UBS completes its acquisition, marking the end of CS's 167-year history. The Swiss parliament debates the emergency takeover, while a Parliamentary Commission of Inquiry investigates the circumstances surrounding it. UBS has also terminated federal guarantees, and numerous complaints regarding the financial terms of the takeover have been filed.
The parliamentary commission of inquiry (PUK) has concluded that years of mismanagement at Credit Suisse (CS) led to its downfall, while also highlighting failures by the federal government in regulating the bank. The PUK found no misconduct by authorities during the crisis but called for improved financial supervision and better communication among regulatory bodies. Criticism was directed at former CS executives and Finance Minister Ueli Maurer for their roles in the bank's issues, particularly regarding compliance with supervisory demands.
Fartcoin surged 98% this week, reaching an all-time high of $1.30 and a valuation of $1.3 billion, showcasing the unpredictable nature of meme coins. Meanwhile, PENGU struggled to maintain momentum, moving only 0.12% in 48 hours, while Dogecoin faced a 21% drop, now priced at $0.31, amid broader market declines.
Nestle SA's stock has plummeted 25% this year, prompting J. Stern & Co. to increase its holdings, deeming the shares "far too cheap." Following the ousting of its CEO and reduced sales guidance, analysts are cautiously optimistic about a turnaround under new CEO Laurent Freixe, with expectations of a 20% stock rise in the next year. Despite the challenges, market sentiment suggests the selloff may have been excessive, particularly given Nestle's strong product portfolio in coffee, pet care, and nutrition.

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