Investors in the US and Asia have been continually asking if the tech sector's robust growth can continue – the answer is a resounding all-caps "YES" from broker Wedbush, primarily due to what it and many others are calling the artificial intelligence (AI) revolution.
This AI wave sweeping across the tech landscape is the most transformational trend since the dawn of the internet, says Wedbush's media friendly chief analyst Dan Ives.
The New York Community Bancorp (NYSE:NYCB) discounted fundraise affords the regional lender "breathing room" and the time to engineer a turnaround, says Bank of America, with a new team of "turnaround experts" in charge.
Comments made by BofA analysts follow the $1.05 billion equity injection in NYCB from an investor consortium led by former US Treasury Secretary Steven Mnuchin and his Liberty Strategic Capital, which is investing almost half the promised capital.
Glencore PLC (LSE:GLEN) has received a bullish write-up from the analysts at Jefferies, who see a tipping point approaching for the coal, cobalt and copper miner and trader.
According to Jefferies, the investment case is improving sooner than expected as the copper price breakout to the upside approaches.
Citi analysts have identified the UK government's recent budget announcement of a new excise tax on vaping products as an encouraging development for British American Tobacco PLC (LSE:BATS) and Imperial Brands PLC (LSE:IMB).
The Chancellor, Jeremy Hunt, confirmed in his Spring Budget speech that from October 2026, vaping products would be subject to a new tax. This move is designed to maintain a financial incentive for choosing vaping over smoking, complemented by a concurrent increase in tobacco duty.
JP Morgan has provided an in-depth analysis of SSE PLC (LSE:SSE), the UK power generator, highlighting the company's potential for growth amidst a challenging market environment.
Despite the downturn in wholesale prices and spark spreads (a method to determine how profitable natural gas-fired electric generators are), SSE's medium-term financial targets are still within reach, with an anticipated 23% upside to its current share price, JPM added.
Marks and Spencer Group PLC (LSE:MKS) confirmed co-chief executive Katie Bickerstaffe is leaving the supermarket after only two years.
When Bickerstaffe leaves later this year, current boss Stuart Machin will take full control of the retailer as it continues to improve its home and clothing business.