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

CNBC: Investing

The firm reiterated a buy rating on the investment bank on Wednesday, alongside a $700 per share price target, which represents 12% upside from Wednesday's $624.17 Analyst Ebrahim Poonawala said Goldman has a storied history of navigating turbulent periods.

Stock 66
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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 spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. I started my career at Bear Stearns in 2001, then migrated to Credit Suisse in 2008. I was drawn to the flexibility of this mandate.

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

The TRADE

Peel Hunt Redburn Atlantic’s head of electronic trading has left the firm to join UK investment bank Peel Hunt, as revealed by The TRADE. Meroni joins from Sanford Bernstein and also previously served at Lehman, Goldman Sachs, UBS Investment Bank and Nomura. He replaces Nishad Vallonthaiel as head of electronic trading.

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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 91
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An inverse 'head-and-shoulders' pattern is forming in this semiconductor stock, charts show

CNBC: Investing

We continue to look for setups like this across the investment landscape — stocks that have rallied off the lows but are still in the process of breaking out from substantial bases. The price action since mid-May has carved out the right shoulder of this pattern, with ASML breaking out in mid-June.

Stock 71
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This oil ETF is showing signs of a possible turnaround, according to the charts

CNBC: Investing

As is clear, these events have been uncommon, occurring in 2008, 2020, and most recently in 2025. From the 2008 lows through early 2011, OIH rallied 150%. Lastly, here is a weekly chart that goes all the way back to 2005. It highlights the rare occasions when OIH endured weekly declines of at least 20%.