WOC Street Instant Insight @ April 16

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🫡 Here are some must-read news today that may have stock influences.
investing.com

BullishLongTermS&P 500

This technical indicator predicts S&P 500 will trade at 6000 in August 2025 By Investing.com

  1. Resilient US economy, rate cuts, AI sector expansion fuel S&P 500 rally since 2024.
  2. Technical analysis by Bank of America suggests S&P 500 could reach 6,000 in August 2025.
  3. Historical data indicates 12 straight months of positive YoY returns lead to substantial future gains.
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Full Article
Investopedia

BearishShortTermPG

What You Need To Know Ahead of Procter & Gamble's Earnings Report

  1. P&G to have smallest price hikes since Q1 2022, higher revenue expected.
  2. Revenue growth in Q3 2024 estimated at 1.9% YoY.
  3. Expected adjusted net income for Q3 2024 is 1.8% higher than Q3 2023.
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Business Wire

BearishShortTermVFS

The Law Offices of Frank R. Cruz Announces Investigation of VinFast Auto Ltd.

  1. Investigation of VinFast Auto Ltd. for possible federal securities laws violations.
  2. Company's plan to expand into Southeast Asian markets, requiring significant capital.
  3. Stock price fell 18.2% due to capital need news and 2.3% due to missed targets.
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Business Wire

BearishShortTermMBUU

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Malibu Boats, Inc. (MBUU) on Behalf of Investors

  1. Malibu Boats, Inc. faces investigation for potential violations of federal securities laws.
  2. Alleged scheme to inflate sales performance by overproducing slow-moving boat inventory.
  3. Stock price fell 8% following disclosure of complaint.
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New York Post

BearishShortTermTSLA

Tesla reportedly halts Cybertruck deliveries as customers cite issue with accelerator pedal

  1. Cybertruck deliveries paused due to potentially fatal accelerator pedal flaw.
  2. Customers received messages citing delays until after April 20 due to the issue.
  3. Reports indicate that a design flaw in the accelerator pedal may lead to accidents.
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Forbes

BearishShortTermSWX

Southwest Gas To Carvout Centuri In IPO

  1. Southwest Gas Holdings plans to separate Centuri and pursue an IPO for the utility infrastructure business.
  2. Centuri intends to offer 12.4 million common shares with expected pricing range of $18.00 - $21.00.
  3. The IPO proceeds will be used to repay Centuri's outstanding debt post-separation.
  4. Investment entities affiliated with Carl C. Icahn will purchase shares in a private placement concurrent with the IPO.
  5. Valuation implies an upside of 2.3% for SWX and 38.5% for CTRI based on IPO pricing.
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Full Article

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