Could Recursion Pharmaceuticals Be the Next Big Artificial Intelligence (AI) Stock?
Key Points
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Management believes it can drastically cut down the time and cost to bring drugs to market.
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The company is involved with multiple clinical trials,
Banks attract foreign investments on low valuation, high growth prospects
Foreign investors have turned bullish on the banking sector given the attractive valuation, robust growth prospects and easing policy measures of RBI, resulting a spate of deals in the sector.
In recent months, foreign investors have injected over ₹45,000 crore into three mid-cap private sector banks. Japan’s Sumitomo Mitsui invested ₹13,400 crore for 24 per cent stake in YES Bank,
» Read more about: Banks attract foreign investments on low valuation, high growth prospects »
Read MoreIndore Commodities Buzz Of October 31: Price Of Gold, Silver And Pulses– All You Need To Know
Indore Commodities Buzz Of October 31: Price Of Gold, Silver And Pulses– All You Need To Know |
Date – October 31, Friday
Products (Rates per Quintal)
Indore Chana Rs 5,900
Toor Maharashtra Rs 7,100 –
Indian gem and jewellery sector bullish on changing consumer trends
The Indian gem and jewellery sector is bullish despite rising gold prices, thanks to changing consumer trends preferring investments in the yellow metal through bars and coins.
Saiyam P Mehra, immediate past Chairman of Gem and Jewellery Domestic Council, said the sale of gold coins and bars increased by about 20 per cent during Diwali compared to 10 per cent earlier.
» Read more about: Indian gem and jewellery sector bullish on changing consumer trends »
Read MoreS&P 500 jumps as strong Amazon, Apple scorecards reignite rally
(Bloomberg/Alexandra Semenova) — US stocks gained on Friday as blowout earnings results from Amazon.com Inc. and a strong holiday forecast from Apple Inc. rekindled risk appetite.
The S&P 500 Index climbed 0.5% as of 9:44 a.m. in New York. The benchmark is poised to notch its sixth-straight month of gains after soaring nearly 40% from its April nadir in one of the fastest recoveries in stock market history.
» Read more about: S&P 500 jumps as strong Amazon, Apple scorecards reignite rally »
Read MoreThe Burst
Is Lululemon Losing Its Shine, or Just Catching Its Breath?
When an apparel brand starts showing signs of stress, sales sliding, margins crumbling, losses mounting, the Street doesn’t hesitate to slap the “dying business” label on it.
That’s why it might surprise some investors that Lululemon doesn’t actually fit that description right now. In Q2, sales rose, margins held within historical ranges, and earnings only marginally dipped.
» Read more about: Is Lululemon Losing Its Shine, or Just Catching Its Breath? »
Read MoreThe Ivy
Is Micron’s AI Gold Rush a Perfect Storm?
Micron Technology soared by more than 42.98% over the last 30 days, a jaw-dropping rally even by tech’s feverish standards. The reason? Artificial intelligence and specifically, the voracious appetite for memory chips powering the world’s new AI data centers.
But beneath the surface of the AI euphoria, do the fundamentals justify the soaring share price?
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Read MoreThe Spotlight
Could Peloton Stock Deliver a 3-Bagger Comeback?
Remember when Peloton (NASDAQ: PTON) was the crown jewel of lockdown-era stocks? In early 2021, shares soared above $160, but today, it’s trading below $7.
The plunge may be the death knell for most stocks but here’s what might surprise most investors, beneath the wreckage, there are signs of a quiet but serious transformation.
» Read more about: Could Peloton Stock Deliver a 3-Bagger Comeback? »