Hot Market News
⚪️ A private jet used by Tesla Inc CEO Elon Musk has arrived in Beijing, according to a Reuters witness. Musk is expected to meet senior Chinese officials and visit Tesla's Shanghai plant, sources have said, in what would be his first trip to China in three years. Source: investing.com
🟢 With Japanese stocks suddenly back en vogue with global investors, analysts at top Wall Street investment banks are predicting more upside for the country’s benchmark indexes. Japan’s Topix (Tokyo Price Index) has marked new peaks in the past two weeks, seeing its highest level since July 1990 on Monday. Source: cnbc.com
⚪️ Polish games developer CD Projekt is not for sale, its CEO reiterated on Monday, following weekend rumors that the maker of "Cyberpunk 2077" could be targeted by Sony. CD Projekt, which has previously been rumored to be a target for Microsoft, reported a 1% year-on-year rise in quarterly net profit, as it gears up to release an expansion to action role-playing game "Cyberpunk 2077". Source: investing.com
⚪️ Cathie Wood, manager of the ARK Innovation exchange-traded fund, said on late-Monday that recent stock market darling Nvidia Corporation was priced “ahead of the curve,” and that Tesla Inc was positioned to benefit from recent breakthroughs in artificial intelligence. Source: investing.com
🔥 🟢 Chevron announced last Monday that it will acquire all of the outstanding shares of PDC Energy in an all-stock transaction valued at $6.3 billion (or $72 per share). Following the announcement, Chevron received two upgrades. HSBC upgraded the company to Buy from Hold while cutting its price target to $189.00 (from $193.00). CFRA upgraded the company to Buy from Hold with a price target of $172.00. Source: investing.com
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