📈 Stocks / Finance

Bullish signal emerges for AMD amidst bearish trends

TipRanks, Yahoo Finance

AMD shares, down 19% over the year and undervalued per analysts, show a rare 'Bullish Stick Sandwich,' hinting at reversal. With Q3 data center revenue up 122% YoY and Loop Capital's $175 target, AMD's strategic moves position it to challenge Nvidia, with a 44% upside predicted.

PayPal shares rise on analyst upgrades

MarketBeat

PayPal (PYPL) rose 2.9% after Citigroup raised its target price to $97, maintaining a buy rating. Other analysts also issued upgrades, with targets as high as $110. Despite a 63% decline in trading volume, PayPal's market cap is $89.87B, with a P/E ratio of 21.39 and 6% YoY revenue growth.

Bank profits drive Wall Street rally amid easing inflation

CNN

US markets surged Wednesday as cooling core inflation and record bank profits fueled investor confidence. The Dow gained 1.65%, while the S&P 500 and Nasdaq rose 1.83% and 2.45%, respectively. JPMorgan reported a record $58.5B profit, while Goldman Sachs and Citi posted strong results, reflecting optimism in financial markets.

🪙 Crypto

XRP surpasses BlackRock in market cap amid bullish momentum

CoinTelegraph

XRP reclaimed its spot as the third-largest cryptocurrency by market cap, exceeding $159 billion and surpassing BlackRock's $149 billion. Key drivers include Ripple Labs’ new products, speculation on an XRP ETF, and expectations of pro-crypto policies under the incoming Trump administration.

🌎 Global Economy

European stocks rally on cooling inflation and strong US earnings

CNBC

European stocks surged, with the Stoxx 600 up 1.3%, marking its best session since September, as UK inflation fell to 2.5% and US core inflation hit 3.2%. Retail stocks led gains, while UK bond yields dropped. US markets rose on strong bank earnings and inflation aligning with forecasts.

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