To The Moon

It's a four-day week for markets, even if both the Fed's favorite inflation gauge and comments from Fed Chair Jerome Powell are coming on that Friday break.The S&P 500 SPX closed out last week with its biggest weekly gain since December, and a third session above the 5,200 level, which means several year-end targets for Wall Street banks have been taken out - nine out of 15 tracked by MarketWatch.While strategists were largely wary headed into 2024 after a bullish 2023, they seem to be getting braver on the whole.In our call of the day, a Goldman Sachs team led by its chief U.S. equity strategist, David Kostin, makes the case for the S&P 500 to hit 6,000 by the end of 2024, thanks to a relentless rise in big technology companies. The bank has twice lifted its year-end index call - its baseline forecast is 5,200.Speaking of big tech: The EU has opened probes into Apple , Google (G

DFI Retail Group posted underlying earnings of US$154.7 million for the fiscal year ended Dec 31, 2023, up 437 per cent from earnings of US$28.8 million in FY2022.DFI Retail Group Shares Jumped 4.4% on the news.The group’s net profit for the year stood at US$32.2 million, versus a loss of US$114.6 million in the prior year.Underlying earnings distinguishes between the group’s ongoing business performance and non-trading items, DFI said in its financial results posted on the bourse on Thursday .

Alibaba's diverse business lines, including e-commerce, cloud, and digital media, form a strong ecosystem that drives down costs and attracts customers.The company's robust balance sheet, with substan

The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 30):Mapletree Pan Asia Commercial Trust (MPACT) has declared 9.1% lower distribution per unit (

FRASERS Property is selling its half-stake of retail mall Nex for an estimated price of S$523.1 million to Frasers Centrepoint Asset Management, the manager of Frasers Centrepoint Trust (FCT).