Hong Kong Hikes to Start Week
Hong Kong stocks led gains in the Asia-Pacific on Monday as China’s trade data fell far short of expectations, marking the first annual decline in...
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Visualizing Energy Poverty Across Europe
Europe has a tough winter ahead. Without Russian natural gas, the bloc has a shortage of energy. This has ratcheted up heating bills, and as...
Big Oil Is Not Dancing To Government Tunes. Period.
Several days ago, President Biden made a media splash when he threatened oil companies with windfall taxes and “other restrictions” if they don’t stop returning...
Itau upgrades Meta Platforms, says ‘right price has finally come’
Itau BBA analyst Thiago Kapulskis upgraded Meta Platforms to Outperform from Market Perform with a $102 price target. Meta’s current share price “reflects an extremely...
Oil Prices Slide As China Reaffirms Covid Containment Strategy
Crude oil started the week down as the latest updates from China, which included a reiteration of Beijing’s commitment to zero Covid tolerance and weaker-than-expected...
Apple price target lowered to $144 from $156 at Barclays
Barclays analyst Tim Long lowered the firm’s price target on Apple to $144 from $156 and keeps an Equal Weight rating on the shares. Apple...
Analyst recommendations: Aveva, BAE, Costco, Dominion Energy, Shell…
AvalonBay: Piper Sandler downgrades to underweight from neutral. PT down 4.4% to $160 Aveva: Exane BNP Paribas downgrades to neutral from outperform. PT down...
Costco downgraded to Equal Weight from Overweight at Wells Fargo
Wells Fargo analyst Edward Kelly downgraded Costco Wholesale to Equal Weight from Overweight with a price target of $490, down from $600. The analyst sees...
Redfin downgraded to Underperform from Perform at Oppenheimer
Oppenheimer analyst Jason Helfstein downgraded Redfin to Underperform from Perform with a $1.30 price target. The analyst says the company’s business model is “fundamentally flawed.”...
China dampens the enthusiasm of UK investors
However, there’s still a lot of volatility, and as China reiterated over the week-end its commitment to the zero-Covid policy, energy and mining stocks fell...