Bank of America expects more stocks to participate in market rally during the second half
The first half of 2023 was the best for the S&P 500 since 2019, surging 15.9%.
How A.I. took center stage in the Hollywood writers’ strike
As the entertainment industry faces another disruptive technology, the WGA is demanding that regulatory standards around AI ensure fair labor conditions.
Companies start to recognize the importance of ‘out of office’ time to reduce employee burnout
Employers recognize the need to reduce employee burnout, as employees report overall better feelings and productivity upon returning from vacation.
Piper Sandler says Coinbase can fall 25% as regulatory uncertainty looms
Piper Sandler downgraded Coinbase shares to neutral from overweight, citing too much uncertainty around the company following its recent lawsuit from the SEC.
Jefferies says this car rental player’s shares could pop 30% thanks to stronger margins
Analyst Stephanie Moore initiated coverage on Hertz with a buy rating.
Citi says this offshore drilling stock can soar more than 35%
Citi upgraded Transocean shares to buy from neutral, citing its favorable position geographically and in terms of rig reactivation.
Goldman upgrades Netflix as streaming giant regains momentum in content creation
The bank upgraded shares to neutral from sell. It also raised its price target to $400 from $230, which implies more than 9% downside from Monday’s close.
Secret Service investigating ‘white, powdery substance’ found in West Wing
A D.C. fire department radio dispatch said the substance, which was found in a “work area” of the White House, tested positive for cocaine, NBC News reports.
Airlines struggled ahead of July Fourth weekend. Their stocks didn’t
Airline disruptions piled up over the last week, but their stocks are soaring as travelers return.
Goldman’s ‘Rule of 10’ for investing and stocks meeting that criteria today
The investment bank found the top 10 stocks in the S&P 500 were responsible for 32% of the benchmark’s return in the average year since 1995.
