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Thursday, February 22, 2024
HomeFinance NewsReal-Time Stock Market Updates Today: Live Coverage in 13 Wds.

Real-Time Stock Market Updates Today: Live Coverage in 13 Wds.


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Global Predictions, an AI financial firm, has announced that its AI-powered PortfolioPilot product has become a registered investment advisor with the Securities and Exchange Commission (SEC). This makes it the first AI program to receive this registration. The PortfolioPilot is designed for self-directed investors and provides personalized advice to help customers change their portfolios and lower investment fees. Global Predictions CEO, Alexander Harmsen, stated that the platform can provide high-quality, personalized advice at a fraction of the cost of human financial advisors.

According to Loop Capital, Amazon shares could rally by nearly 50% due to a stronger-than-expected retail recovery and a rebound in AWS growth. The firm has raised its price target on the e-commerce giant to $200, representing a 49% upside from the previous day’s close. Loop Capital highlights the margin recovery in the retail sector and the growth potential within Amazon Web Services (AWS) as key factors that could drive the stock’s performance.

Bank of America has reported a bullish signal for stocks, stating that the percentage of stocks with rising consensus earnings estimates is increasing. This is particularly positive for companies closely tied to economic cycles. The bank’s Global Earnings Revision Ratio reached its highest level in 18 months, indicating an improvement in earnings estimates across all regions and sectors. Bank of America analysts predict that historically, when the Global Ratio has reached similar levels and continued to improve, global equities have seen an average return of 9.8% in the following 12 months.

Goldman Sachs has issued a buy rating on real estate investment trust (REIT) company Safehold, stating that it is trading at attractive levels. Goldman Sachs analyst Caitlin Burrows expects the earnings and value growth of Safehold to be driven by investment volumes and yield. The stock has been initiated with a buy rating based on the potential for restructuring activity and the recovery of refinancing and transaction activity in the medium term.

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