Reported 2 months ago
Source: WSJ
Reported 2 months ago
Shares of BlueScope Steel, an Australian steel producer, surged to a three-month high after U.S. President Donald Trump announced plans to double tariffs on imported steel and aluminum to 50%. This move is seen as potentially beneficial for BlueScope, especially in the U.S. market, although the company has faced challenges from weak iron ore prices and uncertainty in demand from China.
Source: YAHOO
Reported 2 months ago
Jim Cramer and Wall Street are closely monitoring DraftKings Inc. (NASDAQ:DKNG) as they discuss its potential for recovery amidst a stalled stock performance. Cramer appreciates the company but suggests it may need more states to legalize sports betting to thrive. Morgan Stanley has recently reduced its price target for DraftKings while still maintaining an Overweight rating, reflecting cautious optimism in the gaming sector.
Source: YAHOO
Reported 2 months ago
Australian job advertisements have decreased for the second consecutive month in May, indicating a potential easing of the tight labor market, although they remain significantly above pre-pandemic levels. According to ANZ-Indeed data, job ads fell by 1.2% in May compared to April and were down 5.7% year-on-year, but still 13.6% higher than pre-pandemic figures. ANZ economist Aaron Luk noted this is the lowest level of job ads since March 2021, despite the labor market remaining tight with strong employment growth and a stable unemployment rate.
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Jim Cramer has spotlighted Marvell Technology (NASDAQ:MRVL) as a compelling stock choice, noting its price remains low despite the company's advancements in AI. Marvell specializes in semiconductor solutions, providing essential technologies for data infrastructure. Recently, market sentiment has softened, with firms adjusting price targets amid uncertainty regarding product rollout; however, Cramer remains optimistic about the stock's future.
Source: YAHOO
Reported 2 months ago
Jim Cramer and Wall Street are closely monitoring Sunrun Inc. (NASDAQ:RUN), a residential solar energy company, following a downgrade by BMO Capital due to potential impacts from proposed legislative changes. Cramer expressed skepticism about the company's performance, indicating concerns about recent quarters and the overall solar market. The proposed bill could jeopardize Sunrun's ability to claim crucial tax credits, posing a significant risk to its business model.
Source: YAHOO
Reported 2 months ago
Jim Cramer and analysts are closely monitoring Abercrombie & Fitch Co. (NYSE:ANF), which has been highlighted as a stock to watch. Despite concerns over pricing pressure due to tariffs, Cramer believes it's a good time to invest cautiously. Recently, an analyst raised the price target for the stock to $99, citing strong earnings and revenue performance despite some challenges in brand sales.
Source: YAHOO
Reported 2 months ago
Jim Cramer recently highlighted Applied Digital Corporation (APLD) during his show, suggesting it's part of a competitive digital infrastructure sector but indicated a preference for investing in Salesforce instead. APLD specializes in cloud services and data center operations for AI and high-performance computing. An analyst from Citizens JMP has rated APLD as Outperform with a price target of $12, indicating potential for the stock to reach $30 as demand for bitcoin mining and data center capabilities grows.
Source: YAHOO
Reported 2 months ago
Jim Cramer and Wall Street are monitoring Churchill Downs Incorporated (NASDAQ:CHDN), which he described as a 'one-trick pony.' The company, known for its horse racing and online wagering services, has seen its price target lowered by Citizens JMP to $138 due to the removal of historical racing machines in Louisiana, affecting its income. Cramer’s comments and analyst insights have placed CHDN on the radar of investors.
Source: YAHOO
Reported 2 months ago
Jim Cramer and Wall Street express strong optimism for NVIDIA Corporation (NASDAQ:NVDA), highlighting its remarkable transformation from a graphics card manufacturer to a leader in artificial intelligence and computing. Cramer emphasized Nvidia's impressive growth, reporting a 50,000% increase since his show began. Analysts, like Truist's William Stein, raised NVIDIA's price target, fueled by strong first-quarter results and growing demand in AI and cloud services, despite challenges from export restrictions to China.
Source: YAHOO
Reported 2 months ago
KKR has raised its conditional bid for German IT services firm Datagroup SE to a potential €58 per share, up from the initial €54 per share offer. The new terms stipulate that if KKR secures 80% of the outstanding shares, the price will increase to €56.50, and if it reaches 90%, it will be €58. The acceptance period for the offer ends on June 6, 2025, with completion of the acquisition expected by the third quarter of 2025.
Source: YAHOO
Reported 2 months ago
Jim Cramer and Wall Street show optimism for Fair Isaac Corporation (FICO), highlighting its significant growth in the Mad Money era. The company specializes in credit risk management solutions and has recently received an upgrade from Baird, which assigned a price target of $1,900 due to strong long-term growth potential despite regulatory concerns. Analysts laud FICO's scoring model as exceptional, indicating a robust market position.
Source: YAHOO
Reported 2 months ago
Jim Cramer and Wall Street analysts have shown optimism towards Capital One Financial Corporation (NYSE:COF), as highlighted during Cramer's discussion on Squawk on the Street. Cramer expressed confidence in the company’s future, particularly in light of its stock valuation and recent acquisition of Discover Financial. Analyst Mihir Bhatia of BofA has also raised the price target for Capital One, indicating strong strategic opportunities that could enhance the company’s growth in banking and credit services.
Source: YAHOO
Reported 2 months ago
Jim Cramer and Wall Street are closely monitoring UnitedHealth Group (NYSE:UNH) as it faces challenges following a significant drop in stock value and a downgrade by HSBC. Cramer suggests it's time to consider investing at $400 per share after previously expressing negativity about the stock's performance. With ongoing earnings pressures and policy uncertainties, analysts warn that risks might outweigh potential rewards for UnitedHealth.
Source: YAHOO
Reported 2 months ago
Small businesses are experiencing significant challenges due to the unpredictable nature of President Trump's tariffs, leading to confusion and difficult decision-making. With constant fluctuations in tariff policies, companies have had to adapt their strategies, considering changes in product development, supply chains, and staff hours. Business owners express frustration over the impact of these tariffs, fearing for their survival and a potential mass extinction of small businesses.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
This article discusses the recommended retirement savings benchmarks for Americans at ages 30, 50, and 60, based on an analysis by T. Rowe Price. It highlights that by your mid-to-late 30s, you should aim to save 1x to 1.5x your annual income, 3.5x to 5.5x in your 50s, and 7.5x to 13.5x in your 60s. The piece also offers strategies for those who may be behind on their savings, such as maximizing employer contributions and gradually increasing savings rates.
Source: YAHOO
Reported 2 months ago
U.S. Commerce Secretary Howard Lutnick downplayed the significance of a tariff court ruling affecting negotiations with the European Union, asserting that discussions remain active. During an interview, he dismissed concerns over legal uncertainties, emphasizing a strong commitment to protecting American workers. The ruling that blocked most of President Trump's tariffs was followed by a temporary pause by a federal appeals court. Despite previous tariff threats, Lutnick noted that all involved parties are returning to the negotiation table.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: BARRONS