Wells Fargo reduces price target on Dell to $150: Time to hold or sell?

Dell Technologies Inc. (NYSE: DELL) is in the spotlight today following Wells Fargo’s decision to reduce its price target on the company from $175 to $150, still reflecting a potential upside of 50% from its current price. This adjustment comes amidst ongoing discussions about Dell’s AI server monetization versus margin concerns. According to Wells Fargo,… Continue reading Wells Fargo reduces price target on Dell to $150: Time to hold or sell?

DnF mobile drives gaming recovery as Tencent’s revenue surges

Tencent holdings second quarter revenue rose 8% YoY, mainly due to strength in its gaming segment driven by the success of its game Dungeon Fighters Online(DnF). The game was released in May and became the most downloaded game in China after its release. Tencent is the operator of the WeChat messaging service in China, but… Continue reading DnF mobile drives gaming recovery as Tencent’s revenue surges

3 things Brian Niccol will do to turn around Starbucks

Brian Niccol will likely opt for a massive increase in capital expenditures to position Starbucks Corp (NASDAQ: SBUX) well for the long term, says Jon Tower – a Citi analyst. A better part of these investments is expected to be focused on technology, especially around siren station remodelling that could help improve throughput as well… Continue reading 3 things Brian Niccol will do to turn around Starbucks

Is Google about to break up? US DoJ mulls over historic move to curb ‘illegal monopoly’

In a bold move, the US Department of Justice is contemplating a rare bid to break up Alphabet Inc.’s Google following a landmark court ruling that declared the company had monopolized the online search market, according to a report by Bloomberg. This potential action marks the first significant push by Washington to dismantle a major… Continue reading Is Google about to break up? US DoJ mulls over historic move to curb ‘illegal monopoly’

Lloyds and Barclays share prices have risen in 2024: more upside?

Lloyds and Barclays share prices have held steady in the past few days as investors focus on the British economy. Barclays (BARC) stock was trading at 220p on Wednesday, 12% higher than this month’s low of 196.30p. It has risen by over 44% this year, making it one of the best banking stocks globally.  Similarly,… Continue reading Lloyds and Barclays share prices have risen in 2024: more upside?

Nikkei 225 index forms a bullish pattern ahead of Japan GDP data

Japanese stocks have staged a strong comeback after tumbling hard earlier this month. The Nikkei 225 index rose to a high of ¥36,240 on Wednesday as traders waited for Thursday’s Japan GDP data. It has risen by over 16% from its lowest point last week.  Japanese yen has retreated The Nikkei 225 index comeback happened… Continue reading Nikkei 225 index forms a bullish pattern ahead of Japan GDP data

Romanian heatwave triggers severe drought, wipes out 90% of sunflower, corn yields

Romania is currently grappling with the aftermath of one of its most severe heatwaves, which has significantly impacted the country’s agricultural sector. The extreme heat, which saw temperatures soar above 40°C in July, has caused widespread devastation, particularly among sunflower and corn farmers. In some areas, these farmers are reporting crop losses of up to… Continue reading Romanian heatwave triggers severe drought, wipes out 90% of sunflower, corn yields

Intel offloads stake in UK chip designer Arm amid restructuring push

Intel has sold its 1.18 million share stake in British chip designer Arm Holdings, raising nearly $147 million. This move is part of a broader restructuring strategy as the company grapples with financial challenges and intensified competition in the semiconductor industry. Why did Intel divest its stake in Arm? Intel’s decision to divest from Arm… Continue reading Intel offloads stake in UK chip designer Arm amid restructuring push