9 Of 11 Sectors Rise In Friday Trading As Cyclicals Lead

RBC Capital Maintains Outperform on Air Products, Lowers Price Target to $346

RBC Capital analyst Arun Viswanathan maintains Air Products (NYSE:APD) with a Outperform and lowers the price target from $360 to $346.

Shares of semiconductor and chip companies are trading lower as rising inflation concerns and elevated energy prices fuel expectations for further Fed rate hikes. Elevated borrowing costs could pressure semiconductor manufacturing and AI infrastructure investments while straining customer budgets. The Philadelphia Semiconductor Index (SOX) has declined for seven consecutive trading sessions, matching its longest losing streak since the 2008 financial crisis.

Nvidia, Micron and Broadcom Already Trade Like Cisco Post Dot-Com Burst: Bank of America

Bank of America’s Vivek Arya says Nvidia, Broadcom and Micron trade near 13x forward earnings, in line with Cisco after the dot-com crash.

This Unstoppable Vanguard ETF Could Turn $500 Per Month Into $1 Million Over the Long Term

The Vanguard S&P 500 Growth ETF (VOOG) tracks the S&P 500 Growth index of 151 best-performing growth stocks, heavily weighted toward AI and technology companies. With a 16.9% compound annual return since 2010 and 28.4% over the last three years, consistent $500 monthly investments could potentially reach $1 million in approximately 23 years, even at conservative 14.1% annual returns.

Elizabeth Warren Calls Bank of America’s $1.2 Billion Fine a ‘Slap-on-the-Wrist,’ Points to $30 Billion Profit

Warren calls Bank of America's $1.2 Billion AML penalty a slap on the wrist, urging tougher sanctions and a criminal probe as earnings fall.

Citigroup Maintains Buy on Bank of America, Lowers Price Target to $60