Thu, Apr 25, 2024 12:30 PM
Uday Kotak loses Rs 123,05,53,25,680 in this private banking stock
A Flip by Riya Sharma
Metal stocks have been on a roll lately. The Nifty Metal index has been up significantly, with gains of over 50%, in the last one year. ETMarkets spoke to Sonam Srivastava, Founder & CEO of Wright Research, to understand the factors behind the rally and more. The Nifty Metal index has been up significantly with gains of 8.4% in the last 30 days.
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Shares of Advanced Micro Devices (NASDAQ: AMD) have sold off following the company's first-quarter earnings announcement on April 30. The company's revenue was consistent with expectations, but investors were looking for a stronger outlook for the data center business. KeyBanc analyst John Vinh lowered his price target on the shares from $270 to $230.
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The U.K. economy is running out of places to look for a good news story as its economy continues to deal with inflation while its neighbors in Europe leave rising prices in the rearview. Now it’s likely to impact the country’s growth prospects. The Organisation for Economic Co-operation and Development (OECD) released its latest forecast for developed nations Thursday.
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