Piper Jaffray downgraded InterXion citing the uncertain timing of a recovery in the European market following the company's Q2 results. Piper lowered its price target for shares to $27 from $28.
The insurer was accused by a short-seller of "extensive" fraud.
People's wealth could take a huge hit as the stock market peaks after one of the longest bull markets ever, according to an investment chief.
Will Chinese "overproduction" of semiconductor chips swamp the market?
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. Nvidia chipmaker Taiwan Semiconductor reports early Thursday, with huge implications for the chip sector. The stock market rally opened slightly higher but once again quickly headed lower, with the Nasdaq leading the retreat.
Investors rarely get a chance to buy growth stocks at such depressed valuations.
Raoul Pal has an extensive background in financial markets. He has served as head of European hedge fund sales for equities at Goldman Sachs and a portfolio manager at a hedge fund. More recently, he started his own crypto hedge fund, investment research firm and financial knowledge platform. His opinion on crypto is valued around the world, and he is constantly sending out market insights to his 1 million followers on X. Pal considered many factors to arrive at his prediction that Bitcoin will
Even the best stocks fall in a bear market. Here's what to do during a stock market correction to protect your portfolio.
A downbeat report from ASML dragged down other AI stocks.
(Reuters) -Pipeline and terminal operator Kinder Morgan on Wednesday reaffirmed its annual profit outlook and said it expects demand for natural gas to grow substantially between now and 2030. The company, which operates about 79,000 miles of pipelines, said it is banking on growth in electric demand primarily driven by demand from new and expanding data centers, especially those required to support AI. Houston, Texas-based Kinder Morgan had said in January it continues to have a bullish outlook for natural gas demand due to demand from LNG export facilities and increased exports from Mexico.
With strong demand and AI partnerships with Google in hand, Nvidia stock shows resilience and etches a potential breakout.
