Reported 10 days ago
U.S. energy firms are looking to build new natural gas pipelines in the Northeast to access Appalachian shale reserves, encouraged by pro-energy policies from the Trump administration and increasing demand expectations. Despite current constraints due to existing pipeline capacity and regulatory challenges, companies like Williams Cos and EQT are proposing expansions to improve infrastructure and meet domestic energy needs, with analysts predicting significant growth in gas demand driven by LNG exports and new technologies.
Source: YAHOO
Reported 10 days ago
Nvidia is currently leading the AI chip market, but experts warn that its dominance may be challenged as companies like AMD, Broadcom, and Huawei begin to expand their presence. With the growing restrictions on Nvidia's sales in China, competitors have a better opportunity to capture significant market share, suggesting that Nvidia's future could see a decrease in its overwhelming lead.
Source: YAHOO
Reported 10 days ago
Spotify has refreshed its Discover Weekly playlist, which offers new music suggestions every Monday, after ten years. Premium users will now find genre filter controls at the top of the playlist, allowing them to tailor their recommendations to preferred styles. This update aims to enhance user control over their music discovery experience, complementing other recent features that provide more influence over algorithm-driven suggestions.
Source: YAHOO
Reported 10 days ago
Boeing's $4.7 billion acquisition of Spirit AeroSystems Holdings is set to be investigated by the UK's Competition and Markets Authority for potential antitrust issues. The deal, which was announced last year with a total value of $8.3 billion including Spirit's debt, will be reviewed to assess its impact on competition in the UK. The CMA is expected to reach a decision by August 28 on whether to conclude the investigation or delve deeper.
Source: YAHOO
Reported 10 days ago
President Trump has revealed that a buyer for TikTok's US operations has been identified, although the specific buyer remains unnamed. The completion of the sale, however, hinges on obtaining approval from the Chinese government, which has historically resisted the transaction. The situation follows years of scrutiny and pressure on ByteDance, TikTok's parent company, to divest its US assets, amid ongoing trade tensions between the US and China.
Source: YAHOO
Reported 10 days ago
Gold prices rose slightly as the dollar weakened and Senate discussions continued on President Trump's $4.5 trillion tax proposal, with a crucial vote expected soon. With tariffs poised to resume, investors are analyzing potential trade agreements amidst ongoing geopolitical tensions. Despite a strong year for gold, concerns about the easing of Middle East tensions and improving economic indicators may lead to its first monthly decline.
Source: YAHOO
Reported 10 days ago
As the second quarter closes, major Wall Street banks are witnessing a rally in their stocks, contrasting with earlier stagnation caused by tariff announcements. Following a recovery in mergers, acquisitions, and IPOs, banks like JPMorgan Chase and Morgan Stanley have passed the Federal Reserve's stress tests, showcasing resilience and easing regulatory pressures. While investment banking revenues are projected to decline slightly, analysts believe a positive shift in market sentiment could bode well for the remainder of 2025, especially with a notable increase in tech-related deals.
Source: YAHOO
Reported 10 days ago
As Bitcoin thrives amid a bullish market driven by strong political backing, altcoins are suffering significant declines, losing over $300 billion in market value in 2025. This stark contrast highlights a shift towards Bitcoin's supremacy, leaving many once-promising digital assets in a precarious position, with concerns about their long-term viability. While some altcoins linked to successful DeFi projects continue to perform well, the overall landscape suggests a potential mass extinction for many less competitive cryptocurrencies.
Source: YAHOO
Reported 11 days ago
RBC Capital has reaffirmed its Outperform rating for UBS Group AG, despite lowering the price target from CHF31.50 to CHF29 due to concerns regarding Switzerland's 'Too Big To Fail' (TBTF) regulatory proposals. RBC believes the longer implementation timeline may allow UBS to manage the regulatory changes without harming shareholder payouts. While challenges remain, the firm sees potential for a positive outcome for UBS in the long run.
Source: YAHOO
Reported 11 days ago
Oppenheimer has reaffirmed its $95 price target and Outperform rating for DexCom, Inc. following Health and Human Services Secretary RFK Jr.'s announcement of a large-scale promotional campaign for wearables, particularly glucose monitoring devices. This initiative presents a promising opportunity for continuous glucose monitoring companies, with hints towards potential future coverage for over-the-counter CGMs. Recent advancements in CGM coverage for non-insulin Type 2 diabetes patients were also highlighted, including a DexCom-led trial set to conclude in late 2025 or early 2026.
Source: YAHOO
Reported 11 days ago
H.C. Wainwright has maintained its Buy rating for Vertex Pharmaceuticals (NASDAQ:VRTX) following promising results from the American Diabetes Association conference, where 83% of participants in Vertex’s zimislecel program achieved insulin independence. With a price target set at $550, the evaluation highlights the treatment's efficacy and Vertex’s strategic expansion beyond cystic fibrosis therapies.
Source: YAHOO
Reported 11 days ago
Stifel has begun coverage of HEICO Corporation (NYSE:HEI.A) with a Buy rating and a price target of $352, citing robust operations and ongoing momentum in its aerospace and electronics sectors. Despite this positive outlook, potential risks include a downturn in the commercial aerospace market, shifts in government spending, and challenges in product development and acquisitions. HEICO is a leader in manufacturing components for various applications including aviation and defense.
Source: YAHOO
Reported 11 days ago
Stifel has reaffirmed its $355 price target and Buy rating for Accenture plc (NYSE:ACN) after the company reported Q3 earnings that surpassed expectations, showing a 13% increase in earnings per share and 4% organic growth. Despite some hesitance from management regarding the future impact of the Department of Government Efficiency, Stifel highlighted the consistency in both consulting and outsourcing sectors. The company's revenue guidance for Q4 remains steady amid ongoing macroeconomic uncertainties.
Source: YAHOO
Reported 11 days ago
Fiserv, Inc. (NYSE:FI) has garnered significant interest following its stablecoin announcements, including the launch of its own stablecoin, FIUSD. William Blair reaffirmed its Outperform rating on the company as of June 23, suggesting that while there may be an initial increase in Fiserv's stock price, this is expected to stabilize as the market for stablecoins matures. The firm acknowledges the need for Fiserv to adapt its strategies as the ecosystem develops, viewing its stablecoin introduction positively as a method of maintaining flexibility.
Source: YAHOO
Reported 11 days ago
UBS has reiterated its Buy rating and $555 price target for Elevance Health, Inc. (NYSE:ELV) despite adjustments to the company's 2025 earnings expectations, which now predict first-half earnings to account for 60% of annual results, down from an earlier estimate of 62-63%. This change is attributed to factors such as clarity in ACA populations, billing issues in behavioral health, and slower Medicaid cost trends. Elevance plans to explore cost reduction strategies to enhance second-half performance.
Source: YAHOO
Reported 11 days ago
Bernstein has initiated coverage on ASML Holding N.V. with a Market Perform rating and a price target of EUR700, citing concerns over the company's extreme ultraviolet (EUV) lithography division. Despite acknowledging ASML's dominance in the EUV space, Bernstein predicts a decrease in EUV capital expenditures and anticipates that growth will align more with wafer fabrication equipment at a compound annual growth rate of 7% from 2024 to 2030, which is notably lower than ASML's previous guidance.
Source: YAHOO
Reported 11 days ago
Keefe, Bruyette & Woods has maintained a Market Perform rating for The Progressive Corporation (NYSE:PGR) while raising its earnings per share estimates for 2025 and 2026, following an improved outlook post the company's May earnings report. The new price target is set at $288, driven by reduced expense ratios and faster growth in investment income, though concerns about near-term pressures on core loss ratios remain.
Source: YAHOO
Reported 11 days ago
UBS has reaffirmed its $75 price target and Neutral rating for PayPal Holdings, Inc. (NASDAQ:PYPL) after the company introduced three new Total Payment Volume (TPV) categories at its Investor Day. These categories aim to better categorize PayPal's operations, highlighting the significant revenue generated by Branded Checkout despite only representing a portion of total volume. While UBS sees potential in PayPal as an investment, it suggests that some AI stocks may offer more promising returns.
Source: YAHOO
Reported 11 days ago
Truist Securities has reaffirmed its Buy rating and $235 price target for Snowflake Inc. (NYSE:SNOW) following positive results from a recent IT spending survey, indicating that Snowflake’s data cloud services continue to gain traction. The survey revealed an unexpected boost in new product adoption and showcased the company's advancements in artificial intelligence, positioning Snowflake well for future growth as demand for AI capabilities increases.
Source: YAHOO
Reported 11 days ago
Truist Securities has retained its Buy rating for Charles Schwab Corporation (NYSE:SCHW) and raised its price target from $97 to $100 following a slowdown in May's performance. Although trading volumes and net new assets decreased compared to April, Schwab's fundamentals remain strong, with over 7 million average daily trades. Following the data release, Schwab's stock dropped approximately 2%, marking the second monthly report this year where its performance aligned with broader market trends.
Source: YAHOO
Reported 11 days ago
TD Cowen has reaffirmed its Buy rating and $330 price target for Tesla, Inc. (NASDAQ:TSLA) after the successful launch of its robotaxi service in Austin on June 23. The initial operations exceeded expectations, particularly in terms of design and service area. TD Cowen highlighted the well-designed user interface and noted no significant issues on the first day of operations, marking a promising start for Tesla's new venture.
Source: YAHOO
Reported 11 days ago
Goldman Sachs reaffirmed its Buy rating and $385 price target for Salesforce (NYSE:CRM) after the launch of Agentforce 3.0, highlighting improvements in transparency and compatibility. The new platform features a Command Center for AI agents and offers around 100 prebuilt actions at a usage-based cost. Salesforce is a leader in customer relationship management software, providing various analytics and marketing solutions.
Source: YAHOO
Reported 11 days ago
Citi has raised its price target for Alphabet Inc. (NASDAQ: GOOGL) from $200 to $203, maintaining a Buy rating based on positive trends in both YouTube and Search data. With YouTube garnering over 1 billion hours of daily viewing and significantly more views on YouTube Shorts, the company continues to attract advertisers despite evolving user search habits. However, Citi suggests exploring other AI stocks for potentially better investment opportunities.
Source: YAHOO
Reported 11 days ago
Smurfit WestRock Plc (NYSE:SW) has gained investor confidence following Jefferies' upgrade of its price target from $44 to $55, highlighting improvements in the company’s commercial execution and integration efforts. As Smurfit aims to meet synergy goals and enhance transparency, they expect to close the valuation gap with competitors while striving for substantial cost reductions and increased commercial synergies in their North American operations.
Source: YAHOO
Reported 11 days ago
Gap Inc.'s outlook is improving as analysts highlight the potential recovery of its brands, Banana Republic and Athleta. TD Cowen has maintained a Buy rating while lowering the price target slightly from $31 to $29. The firm believes that steady consumer spending could enhance growth and profitability for Gap, signaling a positive trend for the rest of the year.
Source: YAHOO