The U.S. Federal Reserve surprised many by making a significant interest rate cut, sparking confusion among investors. Despite this, Federal Reserve Chair Jerome Powell emphasized that the economy is still strong. Market strategist Kenny Polcari shared his investment strategy, focusing on sectors like utilities, energy, consumer staples, financials, and basic materials. He highlighted Energy Transfer…
Oyo, a travel tech platform, is acquiring G6 Hospitality, which operates Motel 6 and Studio 6 brands, in a $525 million all-cash deal. This acquisition will help Oyo expand its presence in the US and Canada, where G6 Hospitality has about 1,500 economy lodging locations. Despite the acquisition, G6 Hospitality will continue to operate as…
Analysts are talking about stocks like DoorDash, NextEra Energy Partners, Hertz, and Five Below. BTIG suggests buying DoorDash, while Jefferies recommends NextEra despite concerns. Barclays initiated Hertz at underweight, and JPMorgan downgraded Five Below to sell. On the other hand, Piper Sandler believes Abbott Laboratories is a buy. These calls reflect the analysts’ insights on…
Analysts were discussing a tech giant and an energy stock on Monday. Evercore ISI lowered its price target on Alphabet due to antitrust concerns, while Barclays initiated GE Vernova with an overweight rating. KeyBanc sees potential for Spotify to see a 30% upside, citing a large total addressable market and upcoming product roadmap. Barclays is…