Reported about 14 hours ago
Tesla stock dropped over 7% following CEO Elon Musk's political activities, including a proposed independent 'America Party' to challenge President Trump. Investors are increasingly worried about the potential loss of EV tax credits and regulatory credits due to Trump's proposed 'Big Beautiful Bill,' which may significantly impact Tesla's revenue from credit sales. Analysts have downgraded Tesla stock, predicting adverse effects on growth and investor sentiment.
Source: YAHOO
Reported about 14 hours ago
Costco, the leading multinational retail corporation, remains a strong investment opportunity despite recent market volatility. With a growing membership base, innovative strategies to counteract tariff impacts, and consistent financial growth through both sales and membership fees, Costco proves its resilience. The company's ability to adapt to changing consumer purchasing habits and maintain value for its customers positions it as a viable long-term investment, especially as it continues to expand its market reach.
Source: YAHOO
Reported about 14 hours ago
Source: BARRONS
Reported about 14 hours ago
Jed Dorsheimer of William Blair Group has downgraded Tesla to a hold rating, indicating that investors are frustrated with distractions stemming from CEO Elon Musk. As Tesla's stock has dropped 28% this year, Dorsheimer shared these insights on Bloomberg Open Interest.
Source: YAHOO
Reported about 14 hours ago
October lean hog futures are showing signs of weakness as prices have fallen from June highs and bearish momentum has developed. The USDA's latest report indicated higher hog supplies, further contributing to a weakening market. A significant decline below the support level of $91.525 could suggest further price drops, with an objective of $84.00, while resistance is noted at $95.00.
Source: YAHOO
Reported about 14 hours ago
Source: INVESTORS
Reported about 14 hours ago
Tesla's stock is declining after CEO Elon Musk announced plans to create the 'America Party', raising investor concerns about his commitment to the company amidst a 13% drop in quarterly deliveries. Apple is appealing a $580 million unprecedented fine from the EU related to its App Store policies, which it altered to comply with new regulations. CrowdsStrike was downgraded by Piper Sandler from Overweight to Neutral after exceeding price targets, though the firm maintains a positive long-term outlook.
Source: YAHOO
Reported about 14 hours ago
Source: WSJ
Reported about 14 hours ago
Source: WSJ
Reported about 14 hours ago
Source: WSJ
Reported about 15 hours ago
CoreWeave announced an all-stock acquisition of Core Scientific for $9 billion, prompting significant drops in both companies' stock prices, with CoreWeave down 4.5% and Core Scientific dropping up to 20%. The deal aims to enhance CoreWeave's AI capabilities by integrating Core Scientific's data center infrastructure, potentially adding over two gigawatts of power capacity in-house while eliminating significant leasing costs. Despite the stock declines, CoreWeave anticipates the acquisition will support its growth strategy.
Source: YAHOO
Reported about 15 hours ago
Source: WSJ
Reported about 15 hours ago
Bernstein has raised the price target for Coinbase Global, Inc. (NASDAQ:COIN) from $310 to $510 while maintaining an 'Outperform' rating, calling it the 'most misunderstood company' in the crypto sector. The firm highlights Coinbase's dominance in the US crypto market, noting that it derives substantial revenue from its stablecoin business and institutional services, including custody for Bitcoin ETFs. Bernstein anticipates significant earnings growth for Coinbase, driven by new US legislation and the company's strategic acquisitions.
Source: YAHOO
Reported about 15 hours ago
Mizuho has lowered its price target for Fiserv, Inc. (NYSE:FI) from $200 to $194, while retaining an 'Outperform' rating. This revision comes in light of reduced growth expectations for Fiserv's Clover payment processing platform, with projected second-quarter volume growth now at 8%, down from the previous 9%. Despite these adjustments, Mizuho believes that Fiserv still has strong growth potential, particularly in the second half of the year.
Source: YAHOO
Reported about 15 hours ago
Compass Point has increased its price target for Robinhood Markets, Inc. (NASDAQ:HOOD) from $64 to $96 while maintaining a 'Buy' rating, citing strong performance and growth opportunities such as evolving retail demographics and blockchain technology. The firm recommends buying the stock in case of a dip, anticipating catalysts that could drive the price higher in 2025.
Source: YAHOO
Reported about 15 hours ago
Jefferies has raised the price target for Block, Inc. (NYSE:XYZ) from $70 to $75 while retaining a Buy rating, following analysis of the company's recent job listings and growth trends. The increase in job openings, particularly in sales, signals Block's strategy to expand its market presence. Despite a reduction in engineering roles after a workforce cut, Block continues to make strides in the enterprise sector, including participation in industry events.
Source: YAHOO
Reported about 15 hours ago
Cantor Fitzgerald analyst Deepak Mathivanan has reaffirmed a 'Neutral' rating on Shopify Inc. (NASDAQ:SHOP) with a price target of $91 following the company's new partnership with Coinbase, allowing the use of USDC stablecoin for payments. This option is currently available to merchants across the U.S. and over 30 countries. While recognizing Shopify's potential, the firm suggests that some AI stocks may present better investment opportunities.
Source: YAHOO
Reported about 15 hours ago
JPMorgan has raised the price target for Nu Holdings Ltd. (NYSE:NU) from $14.50 to $16 while keeping an 'Overweight' rating. The firm anticipates strong loan growth along with improvements in net interest margin and credit card loan yields which could boost earnings in 2025 and 2026. Nu Holdings, a fintech company offering digital banking services to over 118 million customers in Latin America, is viewed positively despite competition from AI stocks.
Source: YAHOO
Reported about 15 hours ago
Mizuho has reaffirmed an 'Outperform' rating for Intuit Inc. (NASDAQ:INTU) with a price target of $875 after the launch of new AI agents for its products. These agents are expected to enhance various services, including Payments, Accounting, and Customer Management, while encouraging upgrades to higher-tier products. Mizuho analysts see this development as a key evolution to streamline small business operations and reduce costs, potentially leading to new monetization opportunities for Intuit.
Source: YAHOO
Reported about 15 hours ago
RBC Capital has reaffirmed its 'Outperform' rating for PayPal Holdings, Inc. (NASDAQ:PYPL) with a price target of $88, citing strong potential for growth driven by Venmo, improvements to branded checkout, and unbranded offerings that enhance transaction margins. The firm also sees opportunities for expansion internationally and through additional services, reaffirming PayPal's strong position in the fintech sector.
Source: YAHOO
Reported about 15 hours ago
UBS has raised the price target for MercadoLibre, Inc. (NASDAQ:MELI) from $2,500 to $3,000 while maintaining a 'Buy' rating following the company's strong Q1 2025 performance in its e-commerce and fintech sectors, particularly in Argentina. The company is also pursuing a banking license for its fintech division, Mercado Pago, enhancing its regional strategy as it aims to solidify its leadership in Latin America's digital market.
Source: YAHOO
Reported about 15 hours ago
Barclays has reiterated its 'Overweight' rating for Mastercard Incorporated (NYSE:MA), setting a target price of $650, despite concerns that stablecoins could disrupt the payments landscape. Analysts at Barclays deem the fears exaggerated and recognize the potential of stablecoin technology but question its immediate impact on retail payments. They recommend investors take advantage of any stock weakness related to these stablecoin concerns.
Source: YAHOO
Reported about 15 hours ago
Citi has reaffirmed its 'Buy' rating on Visa Inc. (NYSE:V) while maintaining a price target of $396, following positive discussions with the company's executives in London. Analysts expressed optimism about Visa's future, highlighting trends like agent-based commerce and stablecoins that could invigorate the fintech sector. Citi views Visa as a strong investment choice given its robust market position and diverse opportunities, despite noting that certain AI stocks may offer greater potential.
Source: YAHOO
Reported about 15 hours ago
Truist Financial has reduced its price target for AbCellera Biologics (NASDAQ:ABCL) from $28 to $10, while keeping a Buy rating. This adjustment follows AbCellera's fiscal Q1 2025 results, where it reported $4.2 million in revenue and a net loss of $45.6 million. The firm expresses optimism about AbCellera's clinical pipeline and its transition to a clinical-stage biotech, although it also notes that some AI stocks may present better investment opportunities.
Source: YAHOO
Reported about 15 hours ago
Craig-Hallum has reiterated a Buy rating for Clover Health Investments (CLOV), setting a price target of $6. The company reported a significant Q1 2025 performance, with a 30% increase in Medicare Advantage membership and a 33% growth in revenue to $462 million. Adjusted EBITDA surged 279%, while adjusted net income climbed 322%. Despite a GAAP net loss decreasing to $1 million, the company's operational improvements are notable.
Source: YAHOO