Smart Share Global Ltd (ADR) trading resumes
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
19 hours ago
- Business Insider
ARM Holdings PLC ADR (ARM) Receives a Rating Update from a Top Analyst
J.P. Morgan analyst Harlan Sur maintained a Buy rating on ARM Holdings PLC ADR on July 31 and set a price target of $175.00. The company's shares closed yesterday at $137.58. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Sur is a top 100 analyst with an average return of 25.2% and a 68.20% success rate. Sur covers the Technology sector, focusing on stocks such as Marvell, Micron, and Advanced Micro Devices. In addition to J.P. Morgan, ARM Holdings PLC ADR also received a Buy from TR | OpenAI – 4o's Aria Wafelle in a report issued yesterday. However, on July 31, Needham maintained a Hold rating on ARM Holdings PLC ADR (NASDAQ: ARM). Based on ARM Holdings PLC ADR's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.24 billion and a net profit of $210 million. In comparison, last year the company earned a revenue of $928 million and had a net profit of $224 million Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARM in relation to earlier this year.
Yahoo
a day ago
- Yahoo
5 reasons why EM stocks may outperform going forward: JPM
-- JPMorgan reiterated its bullish call on emerging market (EM) equities, citing five key reasons why the asset class may continue to outperform developed markets (DM) in the months ahead. 'We have last quarter turned bullish on EM equities, upgrading EM vs DM to OW, after years of a cautious stance,' JPMorgan analysts wrote, highlighting a 17.8% year-to-date return in EM equities in U.S. dollar terms, outperforming DM by 660 basis points. 1. EM stocks have significantly underperformed over the past decade. 'EM had a terrible time for years, losing 55% relative since 2021 to the end of last year, and lagging DM by over 200% since 2010,' wrote the bank. They stated that positioning remains light, particularly in China. 2. JPMorgan expects the U.S. dollar to weaken over the longer term, a historically positive backdrop for EM. 'The USD could bounce somewhat in the short term... but longer term the USD is likely to move lower still,' stated the analysts. 3. A more dovish Fed could support EM assets, according to the bank. 'The Fed could turn more dovish, perhaps materially so, over the next year... 19 out of 21 EM central banks that JPM is following are expected to cut rates in 2H,' they said 4. JPMorgan believes that negative sentiment on China is priced in. 'The negatives are very well accepted,' the note said, but 'policy focus and the actions are changing… towards boosting the private economy.' 5. EM valuations remain compelling. According to the bank, 'EM valuations remain very attractive, at 13x forward P/E, vs DM at 20x,' while 'global investor positioning to EM is low, in particular to China.' JPMorgan remains focused on China, citing domestic liquidity and government support, and is also bullish on India, Korea, and Brazil. Related articles 5 reasons why EM stocks may outperform going forward: JPM Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse Surge of 50% since our AI selection, this chip giant still has great potential Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Insider
a day ago
- Business Insider
Aqua Metals trading halted, news pending
19:50 EDT Aqua Metals (AQMS) trading halted, news pending Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
