Wall Street bank Citi has identified two stocks that it believes are well-positioned to thrive regardless of shifts in the interest rate environment or political landscape. Citi's research comes ahead of the Federal Reserve's potential interest rate cut later this month and the upcoming U.S. elections in November.
ECL 1Y line Citi believes the fundamentals will matter more for stock market investors going forward as many clean energy stocks that rose into "micro bubbles" in 2021 have "completely unwound". "A number have even filed for bankruptcy. Currently, more than 20 stocks are off more than -80% from their 5-year highs. A quarter of "Green" stocks are down -60% or worse from post-pandemic peaks," the analysts said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia stock slips even after earnings top Wall Street estimates, demand for AI chips surgesNvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than impressed.
Source: KTVU - 🏆 465. / 53 Read more »
Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgesNvidia has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to tra…
Source: denverpost - 🏆 13. / 72 Read more »
Nvidia stock slips despite 2Q earnings topping Wall Street estimates, high AI chip demandNvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia's place as the poster child of the artificial intelligence boom — but investors seemed less than impressed.
Source: KPIXtv - 🏆 443. / 53 Read more »
Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgeNvidia has led the artificial intelligence boom to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to tra…
Source: denverpost - 🏆 13. / 72 Read more »
Stock futures are little changed as Wall Street looks toward Nvidia earnings: Live updatesStocks rose modestly on Tuesday, with Nvidia giving the S&P 500 and Nasdaq Composite a boost.
Source: nbcchicago - 🏆 545. / 51 Read more »