0.3% in April, below the 0.4% rise predicted by the Dow Jones, data released Wednesday showed. Consumer prices still grew 3.4% from a year ago, in line with market estimates, butCiti recently named one under-the-radar company to buy on a"data and AI opportunity."
Citi noted that the company said its total addressable market has increased three times, thanks to its artificial intelligence opportunity.in April, the"lack of a nasty surprise" was welcome, unlike March's disappointingly high readings, said Mark Hamrick, senior economist at Bankrate."With the 3.4% year-over-year headline increase and 3.6% in the core , these remain irritatingly high," Hamrick said.
India's mid-cap stocks are in a"bubble" despite the country's promising economic prospects, according to contrarian fund manager Jonathan Pines. The contrarian fund manager pointed to a mid-cap stock that's risen by 240% despite sales and earnings declining.Earnings are due from Swiss Re, Zurich Insurance, Siemens, Deutsche Telekom, BT and EasyJet, among others. There are no major data releases.Stocks making the biggest moves after hours: Chubb, Cisco Systems and more