These stocks are set to outperform in a ‘K-shape’ economy, Wolfe Research says

These stocks are set to outperform in a ‘K-shape’ economy, Wolfe Research says

Stocks such as Ralph Lauren and Dollar General have strong upside potential in the current “K-shaped” economy, according to Wolfe Research. While an economy can expand in this scenario, it creates greater bifurcation between consumers and industries in the high and lower ends. With a widening wealth gap, lower-income shoppers tend to pull back from…

Read More
NVDA, WMT, EXAS, REGN & more

NVDA, WMT, EXAS, REGN & more

Check out the companies making headlines in midday trading: Nvidia — The chipmaker fell nearly 2%, reversing earlier gains after it reported fiscal third-quarter results that were well above expectations. Nvidia’s fourth-quarter revenue guidance was also stronger than analysts anticipated. As Nvida’s stock faltered a number of other AI trades fell as well including Palantir…

Read More
Weight loss drugmaker Novo Nordisk helps drive Denmark’s fastest growth in years

Weight loss drugmaker Novo Nordisk helps drive Denmark’s fastest growth in years

Denmark’s economic growth accelerated in the third quarter, boosted by strong pharmaceutical exports, a key industry for the small Nordic country home to weight loss drugmaker Novo Nordisk. Denmark’s seasonally adjusted gross domestic product (GDP) grew by 2.3% in the third quarter, the largest quarter-on-quarter expansion since the fourth quarter of 2021, a preliminary reading…

Read More