Defensive stocks in focus: Portfolio rotations moved capital into BNY and Kimberly-Clark as investors sought less cyclical, fee-driven financials and high dividend yields (4.75% for KMB). This shift balances exposure to volatile AI plays.
Snowflake (SNOW) gets a boost: Morgan Stanley hiked its price target to $470 from $300 after a blowout quarter, calling the company’s AI-driven growth “still in the early innings.” Shares were trading at...
