Industrial air cooling system.Yurou GuanBank of America upgraded Johnson Controls to ‘Buy’ for its exposure to AI data centers.Johnson Controls is a top provider of thermal cooling equipment and other data center solutions.The company is searching for a new CEO, which is seen as a positive catalyst by Bank of America.Johnson Controls is the stock to buy for safe exposure to the AI boom, according to a note this week from Bank of America.The bank upgraded shares of Johnson Controls to “Buy” from “Neutral” and increased its price target to $80 from $76, representing potential upside of about 15% from…
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Bruins “Some guys’ games translate better in pro than they do in college and junior. And I think he’s one of those guys.” Riley Duran’s game might be suited for the pro level. (AP Photo/Greg M. Cooper) Riley Duran has played only 15 total games of pro hockey. But it didn’t take long for Providence Bruins head coach Ryan Mougenel to see that the Woburn native has the mettle and drive necessary to carve out a career at hockey’s highest level.“We want him to play free, let his skill take over and he was exceptional for us,” Mougenel said Wednesday…
In 1938, one of the world’s most famous athletes opened a laundry business.Jesse Owens Dry Cleaning Company in Cleveland proved how difficult it could be for Olympians of his day to turn global triumph into a steady paycheck. In 1939, Owens filed for bankruptcy.More from Sportico.comLimited by the strictures of amateurism and the oppression that came with being a Black man in the 1930s, Owens traveled the country in search of appearance fees at local events. Sometimes he’d race fans, cars or even horses.“People said it was degrading for an Olympic champion to run against a horse,” Owens said later.…
September 12, 2024 6:11 am • Last Updated: September 12, 2024 6:11 am Currency traders pass by a screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 12, 2024. (AP Photo/Ahn Young-joon) TOKYO (AP) — Global shares mostly rose on Thursday, encouraged by gains on Wall Street led by a handful of influential Big Tech companies. France’s CAC 40 rose 0.9% in early trading to 7,464.15, while Germany’s DAX…
TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” second-quarter investor letter. A copy of the same can be downloaded here. The equity markets performed well in the second quarter, as long as one held only a small number of the biggest, fastest-growing U.S. stocks. Given the Magnificent Seven’s superior performance, differences in growth and value among large caps were downplayed. There wasn’t much style diversity between mid-caps, small caps, or outside the U.S. In the second quarter, the strategy returned -2.94% (gross) and -3.14% (net) while the Russell Midcap Growth Index returned -3.21%.…
(Bloomberg) — Bohai Leasing Co. needed to find $2 billion fast, after a bond sale stalled and banks balked at demands for a loan.Most Read from BloombergA plan to sell junk notes in late 2023 with an 11% coupon didn’t go ahead due to market volatility. This summer, some banks turned down loan requests from the aircraft- and container-leasing firm. Meanwhile, talks with private equity firms had hit a snare.Bohai’s travails showcase the difficulties facing China’s distressed firms after a yearslong meltdown in the nation’s high-yield bond markets. Dozens of defaults had crimped risk appetite, with the promise of high…
KANSAS CITY, Mo. — An ambitious new development could be coming to northeast Olathe in the next few years.Developers hope to turn one of two open fields at 119th Street and Renner Boulevard into an entertainment district using STAR bonds. The goal is to transform the 63 acres into an amusement park, sports arena, restaurants, hotel, and medical facility. Lee’s Summit West teacher honored with state award in suprise assembly The identity of the developer had been a secret until recently. FOX 4 has learned Loretto Properties and VanTrust Real Estate are two of the driving forces behind the endeavor.Lamar…
In a series of transactions that highlight confidence in the company, an executive of ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) has made significant purchases of the company’s stock. The executive, whose title includes Vice President of US Operations and Secretary, acquired shares with a total value exceeding $1.1 billion.The transactions, which occurred over several days, saw the executive purchasing shares at prices ranging from $1,391.0 to $30,774.0. On September 6th, the executive bought 14,600 shares, followed by 1,300 shares on September 9th, a notable 26,500 shares on September 10th, and another 11,500 shares on September 11th. Following these acquisitions, the executive’s…
Asian markets mostly rose Friday and the yen sat around nine-month highs after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week.More data suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for equities after another rollercoaster week that started with big losses fuelled by worries the world’s top economy could be heading for recession.While concern after last Friday’s big miss on US jobs creation — which followed another well-below-forecast read a month ago — continues to linger, traders are now turning their attention to…
The Swiss stock market concluded on a robust note this Wednesday, buoyed by positive international economic news that quelled concerns over rising interest rates. This upward trajectory in the SMI index reflects a broader optimism that could favor companies with strong fundamentals and high insider ownership, characteristics often linked to sustained growth and resilience in varying market conditions.Top 10 Growth Companies With High Insider Ownership In SwitzerlandNameInsider OwnershipEarnings GrowthStadler Rail (SWX:SRAIL)14.5%23.4%VAT Group (SWX:VACN)10.2%21.2%Straumann Holding (SWX:STMN)32.7%20.9%Swissquote Group Holding (SWX:SQN)11.4%14.3%Temenos (SWX:TEMN)17.4%14.7%LEM Holding (SWX:LEHN)34.5%9.9%Sonova Holding (SWX:SOON)17.7%10.2%SHL Telemedicine (SWX:SHLTN)17.9%96.2%Sensirion Holding (SWX:SENS)20.7%84.7%Arbonia (SWX:ARBN)28.8%80%Click here to see the full list of 17 stocks from our Fast…