A slate of strong earnings and a potential megadeal helped drive the U.K.'s FTSE 100 index to another record close. In mainland Europe, Deutsche Bank shares rallied after Germany's biggest lender posted better-than-expected profit, fueled by its investment-banking business.
Investors are racing back into European bank stocks after a surprisingly upbeat earnings season, pushing their shares to multi-year highs, but the bounce has also lured short sellers betting that the optimism is unlikely to last. The STOXX European banks index climbed past 200 on Friday, its highest level since August 2015, as confidence in the sector's earning power grows while the U.S. Federal Reserve and Bank of England hold back on widely-anticipated interest rate cuts. But the number of investors making short bets against some major banks is also rising, suggesting they are not convinced that the rebound will last.
These three low-volatility, dividend-growth stocks offer the potential to rebound while trading near decade-low valuations.
Investors are not convinced that this cheap stock is safe from the rising effectiveness of artificial intelligence.
GameStop stock surged as much as 80% after 'Roaring Kitty,' who was credited with starting the 2021 meme stock frenzy, posted on X for the first time in three years.
The chipmaker's new GB200 platform could transform its medium-term revenue growth, according to Wall Street analysts.
The man credited with igniting the 2021 meme stock rally has posted his first social media message in nearly three years.
China has only a toehold in the U.S. electric vehicle market, and this toe may now get squashed.
Griffin increased his position in this particular stock by more than 200%...
Starbucks is facing a number of challenges right now, and consumers may be opting for an up-and-coming chain as an alternative.
Recently, Zacks.com users have been paying close attention to CRISPR Therapeutics (CRSP). This makes it worthwhile to examine what the stock has in store.