Author: starbpo

Aeries Technology (Nasdaq: AERT) is a global professional services and consulting partner for businesses in transformation mode and their stakeholders, including portfolio companies of private equity sponsors and mid-segment enterprises. With customized engagement models that are designed to provide the right mix of deep vertical specialty and functional expertise, Aeries provides industry best practices and advanced digital systems and solutions to scale, optimize and transform a client’s business operations. Founded in 2012, Aeries Technology now has over 1,600 professionals across India and Mexico, specializing in Technology Services and Solutions, Business Process Management, and Digital Transformation. With its unique ‘Purpose-built’ business…

Monday, Microsoft stock was going up thanks to a bullish call from Pierre Ferragu, an analyst at NewStreet Research. The price of shares went up by 0.7%, to $426.68. Ferragu, who writes about many tech companies, officially started to cover Microsoft with a Buy rating and a $570 price target. That’s a 34% rise from Friday’s closing price of $423.85, which would make the world’s most valuable company worth more than $4 trillion. Microsoft has a market value of $3.17 billion. Apple is in second place with $2.99 trillion, and Nvidia is in third place with $2.92 trillion. According to…

A study by Moderna Inc. MRNA, -2.59% found that their experimental COVID and flu vaccine worked better than single shots on the market right now. The company released the results of the study on Monday. In the late stages of the trial, adults aged 65 and up were given the investigational combo shot mRNA-1083 along with the Sanofi SNY, -0.94% flu vaccine Fluzone HD and Moderna’s Spikevax COVID vaccine. The trial looked at the combination vaccine against GSK PLC’s GSK, -0.18% Fluarix flu vaccine and Spikevax in people aged 50 to 64. Moderna said that the two-in-one shot made people’s…

Shares of Southwest Airlines Co. had their best day in more than two years on Monday, when activist investor Elliott Investment Management L.P. said it had a big stake in the airline that wasn’t doing well. Elliott wrote to Southwest’s board of directors with ideas that he thought could increase the stock’s value by 77% in a year. These ideas included “upgrading” the company’s leadership and reviewing the whole business plan. When asked for a comment, Southwest did not respond right away. In morning trading, the stock LUV, 9.10% went up 6.4%. It has gone up 15.7% since May 29,…

Trueist raised the price of Krispy Kreme Inc. stock to buy and said it’s time to “indulge in an underappreciated story.” The stock went up 5.6% on Monday. After giving the stock DNUT a buy rating instead of a hold rating, analysts raised their price target for the next 12 months from $13 to $15. The team, led by Bill Chappell, recently went on a trip with Krispy Kreme’s CEO and finance head to meet with institutional clients. After those meetings, they were sure that most investors either don’t know about the story or get it wrong. It was based…

Early Monday morning, GameStop Corp. stock was up 7.6%, making up some of the losses from Friday. This was because the trader known as Roaring Kitty did his first YouTube livestream in three years. The meme-stock trend started in the early months of the COVID-19 pandemic, and Keith Gill was a big part of it. On Friday, he used a video stream to make his case again for the videogame store GME, -11.91%, which he thinks can change under CEO Ryan Cohen. Gill told the crowd, “I believe this guy—he might be able to do it.” The number of people…

Elon Musk said, “It’s not cool” that a big institutional shareholder has said it will vote against a resolution to give him a $56 billion bonus at next week’s annual meeting. Musk said that smaller individual investors in Tesla Inc. support the resolution. Musk said this on X over the weekend after Norges Bank Investment Management, Norway’s $1.7-trillion sovereign wealth manager, said it doesn’t agree with the pay package at Tesla TSLA, -0.88% that will be voted on at the end of the year. “While we recognize the great value created by Mr. Musk’s leadership, we are still worried about…

Get out of your Wednesday plans. On June 12, the May consumer-price index will be released at 8:30 a.m. Eastern, and then the Federal Reserve’s two-day policy meeting will end at 2 p.m. This is a double whammy for stock market investors. Each CPI day and Fed day has its own reputation for market volatility. Maybe good news for investors is that they won’t have to wait long for Fed Chair Jerome Powell to say what the central bankers think of the May inflation data. People think that policymakers will probably not change interest rates when the two-day meeting is…

Most of the time, Apple Inc.’s most-anticipated events are its iPhone launches. However, this year, Wall Street will be most interested in the company’s software-focused World Wide Developers Conference. Apple stock AAPL, -0.73% hasn’t changed much this year, so CEO Tim Cook will have to live up to high expectations in his keynote speech on Monday afternoon. It’s likely to include news about artificial intelligence. Wall Street is looking forward to something flashy from Apple since the company has been pretty quiet about the technology over the past year. In our opinion, WWDC is the most important event Apple has…

As they faltered, one of the public pension funds globally recently reduced its holdings of traditional automakers and loaded up on shares of well-known tech-related stocks. In the first quarter, the Canada Pension Plan reduced its holdings in Ford Motor and General Motors, nearly doubled down on Tesla stock, more than doubled its investment in Chinese electric vehicle maker NIO, and nearly tripled its investment in Apple. In a form it filed with the Securities and Exchange Commission, the pension’s manager, Canada Pension Plan Investment Board, also referred to as CPP Investments, disclosed the stock trades among other things. Regarding…