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Russell Investments Group Ltd.
RSM.AU
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Russell Investments Group Ltd. Sells 370,786 Shares of Amazon.com, Inc. $AMZN

Russell Investments Group Ltd. reduced its stake in Amazon.com by 3.9% in Q2, selling 370,786 shares, now holding 9,202,710 shares worth $2.02 billion. Amazon remains its 4th largest position, comprising 2.6% of its portfolio. Other investors like ARK Investment and Buckhead Capital also adjusted their Amazon holdings. Amazon's stock opened at $231.78, with a market cap of $2.48 trillion. Analysts maintain a "Moderate Buy" rating with a target price of $295.43.

Market Beat·
US
AMZN
+0.26%
US
AMZU
+0.47%
Market Beat·
US
AMZN
+0.26%
US
AMZU
+0.47%

Federal Reserve Anticipated to Implement Hawkish Rate Cut, Says Investment Strategist

According to ChainCatcher, Russell Investments' North America Senior Director and Chief Investment Strategist, Paul Eitelman, has indicated in a report that the Federal Reserve is expected to carry out a 'hawkish' 25 basis point rate cut. The terminal rate is projected to be between 3.25% and 3.5%. Eitelman highlighted that the current yield on the 10-year U.S. Treasury bond stands at 4.1%, which exceeds Russell Investments' fair value estimate. This situation supports a strategic allocation of duration risk within investment portfolios.

CoinLive·
CoinLive·

Russell Investments Group Ltd. Decreases Stock Holdings in Granite Construction Incorporated $GVA

Russell Investments Group Ltd. decreased its holdings in Granite Construction by 31% in Q2, owning 33,371 shares worth $3.12 million. Other investors adjusted their positions in GVA. Granite's stock opened at $108.05, with a 1-year high of $112.16. Analysts predict EPS of 5.49 for the fiscal year. Recent ratings include a neutral from Goldman Sachs and a strong sell from Zacks Research.

Market Beat·
US
GVA
+1.46%
Market Beat·
US
GVA
+1.46%

Russell Investments Group Ltd. Increases Stock Holdings in Dycom Industries, Inc. $DY

Russell Investments Group Ltd. increased its holdings in Dycom Industries by 16.5% in Q2. Analysts have given Dycom a consensus 'Buy' rating, with a target price of $371.25. Dycom's stock opened at $354.84, with a 52-week high of $364.40. The company reported strong quarterly earnings, beating estimates with $3.63 EPS and $1.45 billion revenue, up 14.2% year-over-year.

Market Beat·
US
DY
+0.93%
Market Beat·
US
DY
+0.93%

Russell Investments Group Ltd. Purchases 482,534 Shares of American Eagle Outfitters, Inc. $AEO

Russell Investments Group Ltd. increased its stake in American Eagle Outfitters by 50.7% in Q2, owning 1,433,460 shares worth $13.79 million. Other investors also adjusted their positions. Analysts have mixed ratings, with a consensus target price of $15.11. AEO's stock opened at $21.22, with a 12-month range of $9.27-$21.28. The company reported Q2 earnings of $0.45 per share, beating estimates, and announced a quarterly dividend of $0.125 per share.

Market Beat·
US
AEO
+1.09%
Market Beat·
US
AEO
+1.09%
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