Wednesday, 10 May 2023

Investment firm run by UAE royal has massive short bet on U.S. stocks

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According to a report from Bloomberg, the investment firm turned negative on stocks at the start of the year and shifted its portfolio to short-term treasuries. It is also investing more in commodities and crypto.


Baird upgraded Alcon (NYSE:ALC) to Outperform from Neutral and raised its price target to $90.00 from $75.00 following Q1 earnings.






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