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macro

Goldman restores equity overweight while retaining bond exposure

Goldman Sachs has turned positive on global stocks for three months and government bonds for 12 months, while favoring cash near term and reducing credit exposure.

Global equitiesGovernment bondsCreditS&P 500

1 source · Seeking Alpha

macro

Ircon and Kalpataru Projects report major new orders

Ircon International received an order worth 8.6 billion rupees, while Kalpataru Projects International secured a 22.25 billion rupee order.

Ircon International LtdKalpataru Projects International LimitedINR

2 sources · Newsmetry API, Reuters

macro

Swan Defence reports 5.66 billion rupees quarterly profit

Swan Defence and Heavy Industries reported consolidated net profit of 5.66 billion rupees and total income of 1.26 billion rupees for the quarter.

Swan Defence and Heavy Industries

1 source · Reuters

macro

Tesla Renames Full Self-Driving in Europe as TAD

Tesla replaced the Full Self-Driving name in Europe with Tesla Assisted Driving, a move that may help secure regulatory approval for the system.

TeslaS&P 500Dow Jones Industrial Average

1 source · Dow Jones Newswires

macro

KBW Cuts Price Targets for Five U.S. Insurance Companies

Keefe, Bruyette & Woods lowered targets for AIG, Arch Capital, Aon, Everest Group and Hartford Insurance while maintaining the companies’ ratings.

AIGACGLAONEGHIG

5 sources · Dow Jones Newswires, Newsmetry API

macro

Michael Burry switches Fannie Mae and Freddie Mac holdings

GuruFocus reports that Michael Burry sold Fannie Mae and Freddie Mac common shares for junior preferred stock, citing Treasury conversion risk and dilution of at least 90%.

FNMAFMCCFannie MaeFreddie Mac

1 source · GuruFocus