Market Bizzz

Despite a 42% share-price rally this year, the valuation is “still reasonable,” according to Weiss. The stock’s so-called PEG ratio, or the price-earnings multiple divided by the expected percentage growth in earnings, “remains in line with historical averages, despite the unrivaled generative AI positioning,” he wrote. The PEG ratio is a metric often used by growth-focused investors.

L Catterton is working with advisers that include Goldman Sachs and JPMorgan on a potential U.S. listing that could happen this year or the next, the report said, citing people familiar with the matter.

Two-year Treasury yields burst above 5% and futures pricing started to admit the possibility that the Federal Reserve will raise rates twice before the year is out. Ten-year yields rose more than 17 basis points in two sessions to 4.05%, and selling wrapped around the globe as investors who had positioned for a peak in interest rates bailed out.

The dollar slipped 0.22% to 144.335 yen on Thursday, undoing all of the previous day’s 0.13% advance. Japanese officials have sounded almost daily warnings over yen weakness as it approached the 145 level that triggered intervention last autumn. The dollar briefly touched 145.07 yen on Friday.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.