Stock Market News & Ratings Roundup for Monday January 15th

Stock Market News & Ratings Roundup for Monday January 15th

Stock News

  • Japan: Japan’s Nikkei closed higher, surpassing the 36,000 mark for the first time in 34 years. This surge was propelled by gains in shippers and financial stocks.
  • China: Chinese stocks ended slightly lower as the central bank opted to keep the interest rate unchanged.
  • Europe: European shares fell, driven by gains in government bond yields and losses in Dassault Aviation’s shares.
  • Canada: The main stock index in Canada experienced a dip with low trading volumes. This was influenced by the anticipation of the domestic inflation report and optimism regarding potential interest rate cuts by the U.S. Federal Reserve.
  • USA-Markets Closed for Martin Luther King Day

Commodity Markets:

  • Gold: Gold prices advanced due to safe-haven demand stemming from tensions in the Middle East.
  • Oil: Oil prices fell as the conflict in the Middle East had a limited impact on crude output, prompting profit-taking by investors.

Currency Markets:

  • The U.S. dollar showed little change on Martin Luther King Jr. Day.

Business and Corporate Developments:

  • Thomson Reuters increased its offer to buy Sweden’s Pagero by 25% to about $789 million, securing a 54% stake in the company.
  • China’s military, government, and AI research institutes were reported to have purchased Nvidia chips, despite a U.S. ban on export to China.
  • Canada is contemplating a cap on international students to address a housing shortage.

Aviation Industry:

  • Boeing faced a fresh delay in the resumption of 737 MAX deliveries to China following an incident with an Alaska Airlines MAX 9.

Technology and Retail:

  • Apple responded to growing competitive pressure in China’s smartphone market by offering rare discounts on iPhones.

Global Economic Outlook:

  • A survey of top economists suggests a year of subdued growth prospects and uncertainty. Geopolitical strife, tight financing conditions, and the disruptive impact of artificial intelligence contribute to this outlook.

Geopolitical News:

  • China called for a large-scale and authoritative peace conference on the war in Gaza.

Banking and Finance:

  • Speculation about a potential merger between Deutsche Bank and Commerzbank resurfaced due to an uncertain outlook for bank profitability and Germany’s budget needs.

Corporate Acquisitions:

  • Haier Group is reported to still be planning to close the acquisition of a 20% stake in Shanghai RAAS Blood Products, according to Spanish pharma company Grifols.

Fashion Industry:

  • Dolce & Gabbana presented a sharply tailored menswear collection at Milan Fashion Week.

Top Analyst Ratings:

  • Air Canada (STA Research):
    • Maintains Speculative Buy rating with a target price of CAD 20. The target price was adjusted upwards.
  • Air Canada (BMO Capital Markets):
    • Outperform rating with a target price of CAD 32.
  • Vale (Scotia Capital):
    • Maintains a Sector Perform rating with a target price of USD 17.
  • CrowdStrike (Bank of America):
    • Buy rating with a target price of USD 325.
  • BlackRock (JP Morgan):
    • Hold rating with a target price of USD 734. The target price was adjusted upwards.

Top Trending Stocks

AVG Analyst Rating STA Analysis
StockTargetAdvisor
Strong Buy
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Slightly Bullish
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Strong Buy
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Slightly Bullish
N/A
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Bearish
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Buy
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Neutral
N/A
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Neutral
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Strong Buy
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Slightly Bullish
StockTargetAdvisor
Strong Buy
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Bullish
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Strong Buy
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Bullish
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Strong Buy
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Neutral
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Buy
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Slightly Bearish
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