Reported 7 days ago
Morgan Stanley has downgraded Mediobanca from Overweight to Equal Weight, raising its price target from EUR 21 to EUR 22. The bank's share price has surged approximately 50% since the beginning of the year, prompting the analysts to believe that its current valuation is fair.
Source: YAHOO
Reported 7 days ago
BofA has increased its price target for the Royal Bank of Canada (RY) from C$190 to C$194 while maintaining a Buy rating on the stock. Despite setbacks in the Canadian economy due to a weak housing market and job growth, the firm anticipates that policy actions from the new Carney administration and improved trade relations with the U.S. could enhance growth sentiment.
Source: YAHOO
Reported 7 days ago
General Motors has made significant progress in electric truck technology by developing a new lithium manganese-rich battery with LG Energy Solution, aiming to reduce costs while improving range to over 400 miles on a single charge. This breakthrough could enhance the profitability of their electric trucks, crucial for maintaining high margins similar to conventional full-size trucks in a transitioning market.
Source: YAHOO
Reported 7 days ago
In the event of a market downturn, two artificial intelligence stocks are on the radar of investors: Nvidia and SoundHound AI. Nvidia, a leader in AI hardware, has witnessed remarkable revenue growth but is seen as potentially overvalued at current prices, prompting a preference for a price correction. Meanwhile, SoundHound AI shows promise with its innovative voice-driven services but also trades at a very high price-to-sales ratio and presents significant risks. Both companies have strong long-term prospects, but the author advises caution and waiting for more favorable buying opportunities.
Source: YAHOO
Reported 7 days ago
Cathie Wood's Ark Invest has seen significant success with Palantir Technologies, which has recently surged in stock price due to strong demand for its Artificial Intelligence Platform. Despite its high valuation, analysts suggest that the company's growth potential and expanding customer base justify a potential investment. With Palantir's revenue and customer retention both on the rise, investors with a long-term outlook may find it worth adding to their portfolios, especially as the AI software market is poised for substantial growth.
Source: YAHOO
Reported 7 days ago
Barclays analyst Saket Kalia notes that Adobe's recently announced pricing tiers for its Creative Cloud—Pro and Standard—are expected to contribute to the company's fiscal 2025 guidance of 11% annual recurring revenue growth. The new pricing will take effect on June 17 for different user groups and follows previews at Adobe’s MAX analyst day last fall. Barclays maintains an Overweight rating with a $567 price target on Adobe's shares.
Source: YAHOO
Reported 7 days ago
Anthropic has successfully closed a $2.5 billion revolving credit line to enhance its liquidity in the competitive artificial intelligence sector, as reported by CNBC. Founded by former OpenAI executives, Anthropic's funding further solidifies its valuation at $61.5 billion and supports its ongoing development of AI products, including its Claude chatbot. The surge in generative AI is projected to exceed $1 trillion in revenue in the next decade, prompting companies like Google, Amazon, and Microsoft-backed OpenAI to invest similarly in expanding their capabilities.
Source: YAHOO
Reported 7 days ago
This week, Wall Street analysts have made notable stock recommendations, highlighting five top buys including Pinterest, Cisco, Wayfair, Coinbase, and Charter, each upgraded based on positive earnings reports and growth potential. Conversely, five stocks including Target, Wayfair, CoreWeave, Enphase Energy, and SolarEdge were downgraded due to concerns around sales performance, tariff uncertainties, and potential regulatory changes affecting their market outlooks.
Source: YAHOO
Reported 7 days ago
Source: WSJ
Reported 7 days ago
In light of recent stock market volatility, 'Rich Dad' author Robert Kiyosaki emphasizes the potential benefits of investing in stocks, even for beginners. His article highlights seven reasons to engage in stock market investing, such as the ability to start with any budget, minimal time commitment, no special skills required, and constant profit opportunities. Kiyosaki encourages new investors to explore using practice accounts to gain confidence without risking real money.
Source: YAHOO
Reported 7 days ago
JonesResearch analyst Soumit Roy has reduced the price target for Enliven (ELVN) from $36 to $27 while maintaining a Buy rating. The adjustment comes after a lukewarm market reaction to the company's Phase 1 chronic myeloid leukemia trial results for ELVN-001, despite its efficacy. The analysis suggests that the stock has faced a sell-off reaction following the news.
Source: YAHOO
Reported 7 days ago
Source: INVESTORS
Reported 7 days ago
Kristen Gil, a director at UnitedHealth, purchased 3,700 shares of the company's stock on Thursday for an average price of $271.17 per share. Following this transaction, she now owns a total of 5,369 shares, with both direct and indirect holdings. UnitedHealth's stock increased slightly to $275.10.
Source: YAHOO
Reported 7 days ago
Jefferies has reduced the price target for Flowers Foods (FLO) from $20 to $16, maintaining a Hold rating, following a missed Q1 performance attributed to weakness in its away-from-home sector and less favorable results from Simple Mills. The analyst noted a concerning outlook for consumers and highlighted the need for increased promotional efforts.
Source: YAHOO
Reported 7 days ago
Jefferies reports that Adobe has raised its prices for Creative Cloud All Apps, leading to a more conservative 2025 revenue outlook. Analysts believe the price hikes, which increase individual and team plans, will help Adobe meet its financial goals and bolster its AI initiatives. The firm maintains a Buy rating on Adobe, with a $590 price target.
Source: YAHOO
Reported 7 days ago
JonesResearch has downgraded Acrivon Therapeutics (ACRV) from a Buy rating to Hold, citing a need for more data before recommending its shares. The firm is particularly interested in the upcoming results from ACR-2316, expected in the latter half of 2025, to validate the company’s tumor-selection platform.
Source: YAHOO
Reported 7 days ago
President Trump criticized Walmart for blaming tariffs for potential price increases and suggested the retail giant should absorb the costs instead. He also urged the Federal Reserve to lower interest rates sooner and expressed frustration with Chairman Jerome Powell. Walmart, facing pressure from tariffs, warned of upcoming price hikes, while Trump plans to set tariff rates for trading partners in the coming weeks.
Source: YAHOO
Reported 7 days ago
The Pennant Group (PNTG) has appointed Suzanne D. Snapper, CFO of Ensign Group (ENSG), to its board of directors after her election by shareholders at the company's annual meeting. This appointment takes effect immediately.
Source: YAHOO
Reported 7 days ago
President Trump admonished Walmart for considering price hikes due to his tariffs, insisting that the company should absorb the extra costs instead. He emphasized that Walmart's profits should allow them to 'eat the tariffs,' as he aims to promote domestic job growth. Walmart warned that various products could see significant price increases, even as the economic climate remains uncertain due to the tariffs, which have compounded inflation fears among consumers.
Source: YAHOO
Reported 7 days ago
U.S. President Donald Trump criticized Walmart for blaming tariff-related costs for raising prices, suggesting the retail giant should 'eat the tariffs' instead. His remarks followed Walmart's announcement of potential price hikes due to increased import duties. Trump argued that given Walmart's strong profits, they should not pass these costs onto customers, while Walmart stated its commitment to keeping prices low despite tight margins and tariff impacts.
Source: YAHOO
Reported 7 days ago
Charter announced its merger with Cox, valuing Cox at $34.5 billion, while Take-Two Interactive reported mixed Q4 earnings and a cautious outlook for FY26 due to the delay of 'Grand Theft Auto VI.' Concurrently, the market showed little change amid disappointing consumer sentiment data and housing starts, with gold prices declining and oil prices slightly rising. Various companies received varied analyst ratings, reflecting a diverse outlook on the stock market.
Source: YAHOO
Reported 7 days ago
Inquiring about retirement savings, the author consulted ChatGPT to determine how much money is needed to retire in 10 years. ChatGPT provided basic calculations, suggesting a target savings of $1 million to $1.5 million based on annual expenses, income sources, inflation, and health costs. It also emphasized a growth strategy through diversified investments and creating a retirement plan tailored to individual situations, highlighting the importance of tracking spending and maximizing contributions.
Source: YAHOO
Reported 7 days ago
Venture capitalist Rashaun Williams has partnered with Mark Cuban and Steve Cannon to create the Harbinger Sports Partners Fund, aimed at investing in NBA, NFL, and MLB teams. The fund will focus on acquiring up to 5% ownership stakes in sports franchises, leveraging the operational expertise of Cuban and Cannon to navigate the rising valuations in the sports market. This move comes as institutional investments in sports become more commonplace, especially following the NFL's new policies allowing such investments.
Source: YAHOO
Reported 7 days ago
Source: WSJ
Reported 7 days ago
President Trump criticized Walmart for its plans to raise prices due to tariffs, insisting the retailer should absorb these costs instead of burdening customers. Despite a record profit last year, Walmart is facing increased costs on imported goods, especially in categories like baby strollers, furniture, and toys. Walmart executives have acknowledged that some price increases are inevitable, yet they remain committed to keeping prices as low as possible.
Source: YAHOO