These global stocks surged last week, and analysts give them further upside

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A number of U.S. health care and pharmaceutical stocks had big gains last week, and analysts say they've got further to go.

Last week was a good one for global stocks. The MSCI World index was up around 4% over the week, tracking Wall Street with major U.S. indexes on track to snap a two-month losing streak in October. Markets will be looking to the U.S. Federal Reserve meeting this week for signals that the central bank could pause its rate hikes in the near future. Among the MSCI World stocks, 23 had weekly gains of more than 15%, with seven surging more than 20%, as of the close on Oct. 28.

Over 60% of analysts covering Centene give it a buy rating, and it has 18% average upside, according to FactSet data. It jumped 16% last week week. Japanese electronics firm Ibiden surged over 20% last week, and analysts give it 23% upside on average. More than 90% of analysts covering the stock give it a buy rating. Last week, the firm increased its earnings-per-share guidance for the current fiscal year, from 301 Japanese yen to 344 yen, according to FactSet. Shares of U.S.

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:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Teflon’ Northrop Grumman’s stock jumps despite defense industry challengesDespite missing Wall Street’s top and bottom-line third-quarter estimates and delivering a weak outlook this week, Northrop Grumman Corp.’s stock continues to live up to its ‘teflon’ reputation. When you make weapons for the American war machine it's all gravy baby.
Source: MarketWatch - 🏆 3. / 97 Read more »

China, Xi Jinping are a growing threat to world economy, stock marketChina's alarming decline could tank the stock market, take down the global economy, and spark a dangerous showdown with the US Didn’t the Republicans “Trump” warn us on China ? If China goes into economic collapse the USA will be the only party that can bail them out. The bailout will require widespread and meaningful political and environmental change on China’s part -it would be in the world’s best interest to both solve the crisis and force change
Source: BusinessInsider - 🏆 729. / 51 Read more »