Carvana stock has experienced a remarkable surge from around $4 to $40 this year, and it continues to climb, with an 11% increase on Monday, thanks to an upgrade. A team of J.P. Morgan analysts, led by Rajat Gupta, has raised their rating on Carvana shares from Underweight to Neutral, along with raising their price target to $40 from $25. This decision comes after a facility … [Read more...] about Carvana Stock Surges as J.P. Morgan Upgrades Rating
Investment
British Billionaire Set to Acquire Stake in Manchester United
According to reports, British billionaire Sir Jim Ratcliffe is on the verge of acquiring a 25% stake in Manchester United. ESPN reported on Thursday that Ratcliffe's $1.57 billion investment will be finalized next week. This deal could be confirmed as early as Monday, assuming all goes as planned. Sir Jim Ratcliffe is well-known as the chief executive of Ineos, a chemical … [Read more...] about British Billionaire Set to Acquire Stake in Manchester United
Challenges in the Semiconductor Sector
The semiconductor sector is currently experiencing a notable selloff, extending its fourth consecutive loss following an exceptional year in 2023. The PHLX Semiconductor Index (SOX) has dropped by 1.8%, with almost all of its 30 components losing value. Among the biggest decliners in this sector are Wolfspeed Inc. (WOLF) with a decrease of 5.6% and On Semiconductor Corp. (ON) … [Read more...] about Challenges in the Semiconductor Sector
Big Oil Poised for Rebound in 2024, Says Analyst
Oil prices and stocks have taken a hit in recent months, but one analyst predicts a rebound in 2024. Peter Low of Redburn Atlantic highlights three companies, Shell, BP, and Exxon Mobil, as potential winners that could deliver a 20% or higher return for shareholders. The Outlook for Shell, BP, and Exxon Mobil Low had already rated Shell as a Buy, but he recently upgraded his … [Read more...] about Big Oil Poised for Rebound in 2024, Says Analyst
The Latest Inflation Reading Disappoints Hopeful Investors
The latest inflation reading is set to disappoint investors looking for evidence that the Federal Reserve will start cutting interest rates as early as March. Inflation on the Rise Despite the recent plummet in gasoline prices, Thursday’s Consumer Price Index report is expected to show headline inflation rose 3.2% year over year in December, according to economists surveyed by … [Read more...] about The Latest Inflation Reading Disappoints Hopeful Investors
