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Wells Fargo raises S&P 500 year-end target to Wall Street-high of 5,535 — but expects more volatility in first half of 2024

Wells Fargo on Monday lifted its year-end target for the S&P 500 stock index to 5,535 points, from 4,625 — implying additional upside of more than 6% above Monday’s trading level.

Dividend-paying stocks: why do long-term investors love them so much?

Few people appreciate dividend stocks’ long-term appeal — but Warren Buffett does

GE Vernova’s stock gets its first upgrade after 14% pullback in trading debut

GE Vernova Inc.’s stock soared 6% Monday, after the renewable energy and power company that was spun off from General Electric Co. got an upgrade to the equivalent of buy from JPMorgan.

Fed-funds futures point to doubts over June rate cut as inflation data looms

Traders in the federal-funds-futures market are showing signs of doubt that the Federal Reserve may begin lowering interest rates in June, wavering ahead of an upcoming inflation report.

It’s time for Sphere shares to ‘take a breather’ says Seaport, downgrading the entertainment venue’s stock

Sphere Entertainment Co. was downgraded from buy to neutral by Seaport Research Partners Monday, pointing to a “potentially softer” next couple of quarters for the Las Vegas entertainment venue.

Bank of America cuts European EV car sales view as government subsidies fade

BEV sales for the 28 European Union countries are expected to rise 11% this year, half of a previous forecast for 22% growth, says Bank of America.

EV maker Mullen is making big cost cuts, moving away from the consumer market

Mullen’s stock bounced Monday off a record low, after the troubled electric vehicle maker said it has starting making “significant” cost cuts, as it changes its focus on its commercial EV business given weakness in the consumer EV market.

Intel, Dell and HP face lawsuit in France as fight with Third Point continues

The patent lawsuit is the latest in a long-running legal battle between Intel and R2 that is being financed by Daniel Loeb’s hedge fund Third Point

Ducommon’s stock soars 21% premarket after company confirms receiving unsolicited $60-a-share bid

The stock of Ducommun Inc. soared 21% early Monday, after the maker of components for the aerospace and defense industry confirmed that it has received a $60-a-share unsolicited bid from Albion River LLC, a private investment company.

Consumers expect mortgage rates to go up in the next year, but Fannie Mae expects a ‘thaw’ in the housing market

Housing sentiment dipped for the first time since November 2023, but consumers are adjusting, survey says.

AMC CEO Adam Aron’s pay package grew to $25.4 million in 2023, but he says it’s worth $16.5 million less amid share decline

AMC Entertainment Holdings Inc. CEO Adam Aron’s compensation package increased to $25.4 million in 2023, from $23.7 million in 2022 and $18.9 million in 2021, according to a proxy statement filed with the SEC Friday.

Apartment Income REIT stock rallies on Blackstone buyout

Stock jumps by 23% in premarket trades
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