• 

  TipRanks

  Goldman Sachs Predicts up to 120% Rally for These 2 Stocks — Here’s Why They Have Solid Upside

  It’s no secret that the big gains in the stock market this year have been on account of only a select number of equities surging ahead – namely, the Mega Caps, and mostly ones with AI exposure. While that has raised concerns among market watchers that the rally is not really as strong as it appears and masks a more fragile market, Sharmin Mossavar-Rahmani, head of the investment strategy group at Goldman Sachs, disagrees with such a prognosis. In fact, Mossavar-Rahmani thinks that if history is

• 

  TipRanks

  Down More Than 40%: Analysts Say Buy These 2 Beaten-Down Stocks Before They Rebound

  Reverse psychology can be considered a desired quality in the stock market. It is only natural to gravitate toward the leaders in any field, and an investor’s urge to hop on the latest surging stock in search of those sweet gains is understandable. However, anyone familiar with the ins and outs of investing will repeatedly say that overused mantra: ‘buy low, sell high.’ In recognizing that low price, investors can turn to Wall Street’s pros for help. The analysts have been busy lately, picking o

• 

  Investor's Business Daily

  Biogen Announces $7.3 Billion Acquisition After Outlining Plans To Cut 11% Of Workforce

  Biogen announced Friday it has agreed to acquire Reata Pharmaceuticals for about $7.3 billion, boosting biopharmaceutical company Biogen's drug offerings for serious neurological diseases. Reata stock surged early as Biogen stock slid. RETA stock skyrocketed 52.4% to 165.24 early Friday during market trade after Biogen reported it plans to pay $172.50 per share in cash for Reata.

• 

  Reuters

  Wells Fargo's firearm policies under Texas AG scrutiny

  The letter sent by Leslie Brock, chief of the AG's public finance division, to lawyers who work on bond deals in Texas said that officials are seeking to determine whether Wells Fargo has a practice or policy that "discriminates against a firearm entity or firearm trade association," Bloomberg News reported. "We have been cooperating with the Texas AG's Office and continue to affirm our standing letter that was provided to that office," the company said. The public finance division, which oversees most municipal bond offerings in Texas, will decide by Aug. 25 whether the bank is a "discriminating company," according to Bloomberg News.

• 

  Benzinga

  Jeff Bezos Is Paying $600K A Month In Rent To This Famous Musician — Here's How To Collect Rental Income Without Becoming A Landlord

  With a net worth of $153 billion, Amazon.com Inc. Founder Jeff Bezos can probably afford to buy any house he wants. But right now, he's renting. Bezos and his fiancée Lauren Sanchez are reportedly renting a home in Malibu, California, from legendary jazz saxophonist Kenny G for $600,000 per month. The 5,500-square-foot house comes with a huge backyard, pool, screening room and recording studio. It also has a 3,500-square-foot guesthouse. The estate gives the couple access to Little Dume Beach, o

• 

  Bloomberg

  AMC-APE Bet Has Handed 150% Gains — and 260% Losses — to Traders

  (Bloomberg) -- A seemingly sure-thing bet on AMC Entertainment Holdings Inc. shares has turned out to be anything but, as some traders appear to have more than doubled their money, while others lost over 250%, in just a few months.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27BOJ Sends Yields Soaring With Surprise Change to Rate LimitSubway Offers Free Sandwiches That Come With a Lifetime CommitmentChina’s Push to Expand BRICS Membership FaltersS&P 500 Up 1% as ‘Gol