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Top Wall Street strategists say the stock is on track for another double-digit rally in 2026. According to the 2026 CNBC Market Strategist Survey, Wall Street is confident the bull market will continue for another year, although it won’t be as strong as this year. On average, strategists expect the S&P 500 index to end next year at 7,629, an 11.6% increase from current levels. The goal is a little higher on the median: 7,650 people, or about a 13% increase. Although expectations for 2025 have been blown away, these expected gains are stronger than what strategists expected this year.…
Denmark’s foreign minister said on Monday that he was “deeply outraged” by US President Donald Trump’s appointment of a special envoy to Greenland and his professing desire for Greenland to become part of the United States. President Trump announced Monday in a post on Truth Social that he has appointed Louisiana Governor Jeff Landry as special envoy to Greenland. “Jeff understands how essential Greenland is to our national security and will vigorously advance our interests for the safety, security, and survival of our allies and, by extension, the world,” President Trump posted on his social media platforms. “We are very…
13. Travis has three personal trainers: Alex Skacel, Andrew Spruill and Lawrence Justin Ng, and according to The Athletic, one of them usually accompanies him everywhere he goes to keep him ready to catch football year-round. Alex, who is also a physical therapist, recalled that Travis wanted to go for a run late at night after watching a lot of shows during Paris Fashion Week and not exercising that day. “It’s the middle of the night, and he’s sprinting across a bridge over a river,” his trainer told The New York Times in April. “No matter where he is, he…
Wells Fargo believes Oracle’s value is undervalued due to recent weakness related to concerns over AI trade. The bank reiterated its overweight stance on software stocks. The $280 price target implies an upside of 46% from Friday’s closing price. Oracle stock has fallen 42% from its year-to-date high in September. ORCL YTD Mountain ORCL Year-to-date Wells Fargo analyst Michael Tulin said sentiment is skewed more negative in the short term. For example, the “AI trade” narrative remains challenged, he wrote, given that AI bellwethers face a plethora of competition. Some analysts are increasingly concerned about Oracle’s high exposure to OpenAI,…
Michael Douglas and Rob Reiner had a lot in common. A week after the Misery director and his wife Michelle Singer Reiner were found dead, the Wall Street actor detailed the conflict the couple faced with their son Nick Reiner, who was charged with two counts of first-degree murder in the unique circumstances of a multiple murder. “Due to this terrible tragedy, we recognize the amount of pressure he was under in his personal life with his son,” Michael said on the CBS News “Rob Reiner Scenes from a Life” special on Dec. 21. The 81-year-old said that like Nick,…
Loop Capital believes Ollie’s Bargain Outlet will continue to benefit as macroeconomic weakness pushes consumers further down the price curve. The investment firm upgraded the discount retailer’s rating from hold to buy and raised its price target to $135 from $130, implying a 25% upside from Friday’s closing price. Loop’s upgrades come after a recent store tour led by company management, analyst Anthony Chukumba wrote. He raised his fourth-quarter forecast based on store visits and wrote that Ollie’s appears well-positioned heading into the holiday season as consumers continue to “trade up” from higher-priced alternatives. OLLI YTD Mountain OLLI YTD Chart…
Jerusalem — The Israeli government has approved the closure of the country’s Army Radio, which has been broadcasting for 75 years, amid growing concerns over press freedom, shutting down one of Israel’s oldest media institutions. Under the proposal, submitted by Defense Minister Israel Katz, the base, known as Galei Tzahar, would cease operations on March 1. The resolution was passed unanimously at the weekly Cabinet meeting on Monday, despite opposition from Attorney General Ghari Baharahu Miara. In an official memo, she warned that the decision lacked the necessary factual and professional basis and that proceeding with it would be against…
Kansas City Chiefs president reveals Travis Kelce and Taylor Swift’s commitment amid romanceThe Kansas City Chiefs moved their goal line to a new state. NFL teams have been scoring touchdowns at Arrowhead Stadium in Missouri for more than 60 years. patrick mahomes, travis kelsey, jalen watson They will now play their home games in Kansas. “Today, we are excited to take another important step toward the future of our franchise,” the team said in a statement on Instagram on Dec. 22. “We have signed an agreement with the state of Kansas to host Chiefs football beginning with the 2031 NFL…
Jefferies believes BlackSky’s sales could double by 2028 due to accelerating international demand. The investment firm initiated the satellite imaging company with a buy rating and a $23 price target, suggesting an upside of 19%. BlackSky stock is up 78% this year. BKSY YTD Mountain BSKY YTD Chart Analyst Greg Conrad noted that the company’s growth runway is increasing based on increased international hiring. He believes this international growth could double sales from the current $108 million to $211 million by 2028. “After taking a little breather in 2025 from the US Government/EOCL downturn (6% sales growth), BlackSky appears well-positioned…
Google’s parent company Alphabet has agreed to acquire data center and clean energy developer Intersect Power for $4.75 billion in cash and assuming the company’s debt. The acquisition, announced Monday, will help Alphabet expand power generation capacity alongside new data centers without relying on local power companies that have struggled to meet the demands of AI companies. Ensuring access to the energy to power data centers has become a critical part of training AI models. Alphabet previously held a minority stake in Intersect Power after Google and TPG Rise Climate led an $800 million strategic funding round for the company…