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Wells Fargo says 'dominant pick' Citi's stock could double in three years

(Reuters) -Citigroup's stock could double in value over the next three years as profits surge, expenses moderate, and the "most significant" reorganization in five decades improves management accountability, Wells Fargo analysts wrote in a note on Friday. Citi's shares rose as much as 1.6% to $71.09. The vote of confidence marks a notable win for Citi CEO Jane Fraser, who has been looking to improve the bank's profitability since taking the helm in 2021.

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US jobs report poses first big stocks test of 2025

The stock market faces its first major test of the year in the coming week, with investors counting on the U.S. jobs report to show a stable but not overheated economy that underpins expectations for equity gains in 2025. Prospects for a third straight standout year hinge in part on the strength of the economy, with labor market data among the most important reads into the economy's health. "Investors are going to want to see confirmation that labor trends remain solid, which means the economic outlook probably remains firm," said Anthony Saglimbene, chief market strategist at Ameriprise Financial.

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Ondas Holdings Secures Key FAA Waiver; Stock Jumps

Ondas Holdings Inc. (NASDAQ:ONDS) shares are trading higher on Friday after the company received an additional Federal Aviation Administration Beyond Visual Line of Sight (BVLOS) waiver. This new waiver allows Ondas to expand its drone operations over people and moving vehicles, utilizing a remote operations center. This achievement highlights the safety and strength of its unit American Robotics’ technology platforms, solidifying its position in autonomous drone operations and its successful co

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