By SIMON CONSTABLE
It could be time for a mimosa cocktail while you still can afford one.
Orange juice prices could get fizzed up over the next few weeks. The market is already suffering from ultralow inventory levels, which means the risks of bad weather could potentially drive prices up more than 20% to record levels, say experts. Read more here.
By SIMON CONSTABLE
By SIMON CONSTABLE
Airbus is ready for takeoff. Investors in the European aerospace company could see gains of more than 35% over the next 12 months as the company boosts production amid surging demand, analysts say.
“Airbus is on a very strong growth trajectory regardless of a recession and postpandemic normalization,” says Colin Scarola, an analyst at financial research company CFRA. He sees the stock (ticker: AIR.France) rising to 140 euros ($143) over the next year, up 35% from its recent level of €104. Plus, the stock yields a 1.4% dividend currently. U.S.-based investors could consider buying the American depositary receipts (EADSY.) Read more here.
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By SIMON CONSTABLE
A key economic indicator continues to show weakness in China
Steel production in the second largest economy was down 6.5% in the first six months of the year versus the same period a year earlier, according to World Steel Association data. Read more here.
By SIMON CONSTABLE
It’s more likely than not that the stock market has hit bottom.
In fact, it may have happened a few weeks ago, new research states.
“Odds that the S&P 500 put in a low on June 17th continue to stand at 60%,” according to a recent report from New York-based Macro Risk Advisors (MRA.) Read more here.
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