Stock Research

BNY called ‘port in the storm’ as assets under custody hits $46.6 trillion

Bank of New York Mellon (NYSE: BK), announced stronger financial results as inflows continued in the first-quarter. The company, which was started by Alexander Hamilton, said that its revenue jumped by 11% while its earnings per share rose by 30%. In all, the company said that its revenue soared to $4.4 billion in Q1 even… Continue reading BNY called ‘port in the storm’ as assets under custody hits $46.6 trillion

Blackstone stock price: BX is a good buy ahead of Q1 earnings

The Blackstone (NYSE: BX) stock price has crawled back in the past few days as investors wait for the upcoming quarterly earnings. The shares rose to a high of $87, which was ~20% above the lowest point this year. Other private equity stocks like Carlyle, KKR, and Brookfield have also underperformed in 2023. Blackstone earnings… Continue reading Blackstone stock price: BX is a good buy ahead of Q1 earnings

Best Stoxx 50 stocks as the blue-chip index surges to a 16-year high

The Euro Stoxx 50 index has surged to the highest level since 2007 as investors flock back to European equities. The index jumped to a high of €4,376, bringing the year-to-date gains to 14%. It has outperformed its global peers like the Nasdaq 100, S&P 500, and the Dow Jones. Best-performing European stocks The Euro… Continue reading Best Stoxx 50 stocks as the blue-chip index surges to a 16-year high

Hang Seng index pulls back as ANTA Sports stock nosedives

The Hang Seng index pulled back slightly after the stronger-than-expected China GDP data.  The blue-chip index retreated by ~0.75% and was trading at H$20,580, which was a few points below this month’s high of H$20,793. It is ~9.17% above the lowest level this year. China GDP data The Chinese economy is firing on all cylinders… Continue reading Hang Seng index pulls back as ANTA Sports stock nosedives

Apollo may succeed in buying John Wood Group after all

John Wood Group PLC (LON: WG) ended nearly 7.0% up after announcing plans of engaging with Apollo Global Management over a potential takeover. How much is Apollo willing to pay? Earlier this month, Apollo had offered to buy the engineering and consulting company for £1.66 billion that valued each of its share at 240 pence.… Continue reading Apollo may succeed in buying John Wood Group after all

Is Roblox stock a ‘buy’ despite a decline in daily active users?

Shares of Roblox Corp (NYSE: RBLX) are down 12% on Monday after the video games company reported a sequential decline in its daily active users. Notable figures in the monthly update The San Mateo-headquartered firm ended March with 66.2 million DAUs versus 67.3 million in February. On a year-over-year basis, though, the metric still came… Continue reading Is Roblox stock a ‘buy’ despite a decline in daily active users?

Microsoft Bing may replace Google as default search engine on Samsung phones

Alphabet Inc (NASDAQ: GOOGL) is trading down today following a New York Times report that Samsung is considering switching from Google to “Bing” as the default search engine on its smartphones. Here’s what it means for Google If, indeed, Samsung moves ahead with such a shift, it could mean about a $3.0 billion hit to… Continue reading Microsoft Bing may replace Google as default search engine on Samsung phones