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Gabelli Funds highlights the AI stocks to buy as craze continues

CNBC: Investing

The portfolio manager of the Gabelli Growth Fund has significant exposure to the "Magnificent Seven" companies, with Microsoft, Nvidia and Amazon being its top three holdings. This year, the fund has outperformed, sitting in the top 12% of funds in its category, according to Morningstar data.

Funds 119
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CRED in talks to acquire mutual fund startup Kuvera

TechCrunch: M&A

CRED is in talks to acquire Kuvera, a startup that operates an online wealth management platform, a source familiar with the matter told TechCrunch, in what is a sign of the Indian fintech giant’s growing interest in the lucrative category of stock investments and mutual funds. All rights reserved. For personal use only.

Funds 285
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Goldman Sachs says buy these five stocks that are set to rally

CNBC: Investing

CNBC Pro combed through Goldman Sachs research to find five buy-rated stocks that it says have more upside. Analyst Ati Modak lifted his rating on the stock to buy from neutral, citing multipl positive catalysts ahead. The stock is up 2% this month. Skip Navigation Markets Pre-Markets U.S.

Stock 129
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Bank of America says these five stocks have more room to run

CNBC: Investing

Stocks such as Disney are too attractive to ignore, the firm wrote. Bank of America believes the stock is severely undervalued. Moreover, the stock is compelling, with shares down 23% this year. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Skip Navigation Markets Pre-Markets U.S.

Stock 127
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IRS Proposes to Limit Application of Funding Rule on Stock Buyback Excise Tax

JD Supra: Mergers

In prior bulletins from February 2023 and December 2022, we described a notice from the Internal Revenue Service (IRS) that outlined the rules that the IRS intended to issue with respect to the 1% stock buyback excise tax. This tax generally applies to the repurchase of stock of a public U.S. affiliates of the non-U.S.

Stock 165
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UBS gives 3 key AI stocks to own from here

CNBC: Investing

In the same note, the bank highlighted Nvidia, Broadcom and Micron as the stocks to own in the space. trillion, making it the most valuable company stock in the world once again. On Tuesday, HSBC upgraded the stock to a buy rating from hold. Skip Navigation Markets Pre-Markets U.S. Its market cap now sits at a whopping $3.8

Stock 111
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These stocks, including Oracle, are among the most overbought on Wall Street

CNBC: Investing

Stocks took a hit Friday after Israel launched a series of airstrikes on Iran in the largest attack on the Islamic Republic since the Iran-Iraq war in the 1980s. The attacks sent investors out of stocks and into safe-haven assets like the U.S. Skip Navigation Markets Pre-Markets U.S. dollar and gold, both of which rallied Friday.

Stock 130