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Bank of America analyst really loves this Wall Street stock, sees it rallying to $700

CNBC: Investing

He cited the Paul Volcker-led Federal Reserve era and the 2008 financial crisis as examples, saying these times demonstrated "a strong combination of scale and flexibility." Analyst Ebrahim Poonawala said Goldman has a storied history of navigating turbulent periods.

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These stocks could see strong gains around their analyst days, Goldman says

CNBC: Investing

Buying calls 5 days before the analyst day and selling 1 day after has resulted in +18% return on premium on average and was profitable each year except 2008 and 2022 when macro moves overwhelmed the short-term alpha of the strategy," the note said.

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Trader of the Year Hedge Fund: Conversant Capital’s David Alfred

The TRADE

I started my career at Bear Stearns in 2001, then migrated to Credit Suisse in 2008. It seems like a lot of issuers are trying to finance or fund next year’s capital needs and are getting ahead of it opportunistically. I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021.

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People Moves Monday: Peel Hunt, Redburn Atlantic, RBC Capital Markets, Citi, and more…

The TRADE

In structured credit, Justin Stratton-Christensen has been named director, structured credit sales. Previously, he has served at firms including Citigroup, Lloyds, Demica Finance, and KNG Securities. Three other appointments have also been made.

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Wall Street's 'fear gauge' just experienced its third-biggest decline ever. What it means going forward

CNBC: Investing

That is the third-largest decline in the VIX's history going back to 1990, according to Bespoke Investment Group data, ranking behind periods in late 2008 and mid-2020.VIX But as of midday Tuesday, the S & P 500 is up more than 6% since Trump first announced his plan for broad and steep levies on April 2.SPX

IT
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Deals Don’t Fail on Paper—They Fail in People

How2Exit

From growing a finance firm in the depths of the 2008 crisis to diving headfirst into cannabis cultivation, clean energy, and even competitive fashion, Miller blends strategy with heart. ” David Miller doesn’t buy businesses the way most finance bros do. Seller-financed. He doesn't open with a spreadsheet.

M&A
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An inverse 'head-and-shoulders' pattern is forming in this semiconductor stock, charts show

CNBC: Investing

If we draw an uptrend line from that 2008 low and extend it to the present, we can see that ASML's turn in April coincided almost perfectly with a test of that long-term trendline — as the chart clearly shows. If history is any guide, this could be just the beginning of a much larger move higher — similar to what we saw in 2023 and 2024.