Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Apple Inc. is set to sell corporate bonds on Monday, marking its first debt offering since May 2023. The tech giant plans to issue investment-grade debt in several parts, with initial pricing discussions indicating a 10-year note at 0.7 percentage points over Treasuries. This move comes amid expectations of significant bond issuance in the US market, primarily from industrial and technology firms. Apple’s current long-term debt stands at approximately $92 billion, down from $113 billion a year prior, and the new bonds are anticipated to receive high credit ratings.
Source: YAHOO
Reported 4 months ago
Recent analyst calls indicate significant shifts on Wall Street, with Seaport Research upgrading Reddit to Buy due to strong Q1 results despite a drop in user growth. Meanwhile, Michael Phillips downgraded Microsoft to Accumulate, citing recent price performance, although they still expect growth from AI demand. Other notable downgrades include Spotify and Block, while initiations of coverage have started for Okta and CoreWeave among others.
Source: YAHOO
Reported 4 months ago
U.S. President Donald Trump has announced a 100% tariff on foreign-made films, claiming that the American film industry is facing a rapid decline due to international competition. He cited national security concerns and urged for a resurgence of movie production in the U.S. The proposal raises questions about its implementation and potential impacts on the global film industry as Hollywood struggles to retain production amid growing overseas incentives.
Source: YAHOO
Reported 4 months ago
OTB, the Italian fashion group behind brands like Diesel and Jil Sander, is assessing potential price hikes in the U.S. due to possible trade tariffs, with CEO Ubaldo Minelli indicating that an 8-9% increase may be necessary to mitigate the impact on profitability. Other luxury brands, including Hermes and Prada, are also considering similar adjustments. The group is prepared to take brand-specific actions in response to the evolving market conditions.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
BNSF Railway announced a rise in profits for the first quarter, attributed to growth in shipping volume and pricing improvements, according to its parent company Berkshire Hathaway. The pretax profit rose 5.5% to $1.6 billion, while net income increased by 6.2% to $1.2 billion. Despite challenges in some sectors, particularly industrial products and coal, overall revenue grew by 0.6%. Berkshire's CEO Warren Buffett commented that while profits have improved, there is potential for further growth as operational issues are resolved.
Source: YAHOO
Reported 4 months ago
JPMorgan upgraded Wendy's stock to 'overweight' following a lackluster earnings report, but reduced its price target due to concerns about the fast-food industry. Both Wendy's and McDonald's reported disappointing sales, with Wendy's expecting potential sales declines ahead. Analysts remain cautious about the overall market, noting a 2% drop in fast-food traffic, impacting investor confidence.
Source: YAHOO
Reported 4 months ago
EOG Resources, Inc. (NYSE:EOG) has been identified as one of the most undervalued energy stocks by hedge funds, boasting a forward P/E ratio of 11.7 and attracting significant investment interest. Despite facing revenue declines due to current market volatility, the company demonstrated resilience by surpassing profit expectations in Q1 2025 and maintaining a strong commitment to shareholder returns through dividends and share repurchases. While its growth potential is notable, the article suggests a more promising outlook for AI stocks in the current market.
Source: YAHOO
Reported 4 months ago
Shares of media giants like Netflix and Disney fell after President Trump announced a potential 100% tariff on foreign-made films, citing national security concerns and competition from overseas. While some stocks recovered slightly, concerns were raised about the economic impact of such tariffs on the film industry, particularly regarding increased production costs and the disruption of global filmmaking workflows. Industry experts describe the policy as potentially devastating, warning it could lead to fewer films being produced and higher expenses across the board.
Source: YAHOO
Reported 4 months ago
Onsemi anticipates its second-quarter revenue to surpass Wall Street expectations, driven by consistent demand for its chips used in electric vehicles, despite the economic uncertainty caused by U.S. tariffs on auto imports. The company reported a revenue of $1.45 billion in the first quarter and forecasts Q2 revenue between $1.40 billion and $1.50 billion. Despite a decline from the previous year, Onsemi continues to benefit from the growing EV market, particularly in China and Europe.
Source: YAHOO
Reported 4 months ago
Warren Buffett will remain as chairman of Berkshire Hathaway after naming Greg Abel as CEO, a move that surprised markets and led to a 6.8% drop in shares. As Buffett, who has led the company for 60 years, steps down from the CEO role, concerns about the company's future were fueled by disappointing quarterly results. Abel will take over on January 1, 2026, with Buffett assuring shareholders he has no intention of selling his shares, which makes up the bulk of his wealth.
Source: YAHOO
Reported 4 months ago
This article examines Jim Cramer's discussion on Amazon.com (AMZN) during his May 2024 episode of Mad Money, where he addressed common misconceptions about stock ownership in the U.S. and praised Amazon for its strong quarterly performance, particularly in AWS and advertising. While Cramer highlighted Amazon's impressive growth, the stock has only seen a modest increase over the past year, leading to suggestions that other AI stocks may offer better investment potential.
Source: YAHOO
Reported 4 months ago
In a recent episode of 'Mad Money', Jim Cramer discussed the perception of stock ownership in America and emphasized that millions of ordinary Americans are financially invested in the stock market, challenging the narrative that only the wealthy benefit. Specifically addressing Johnson & Johnson (NYSE: JNJ), he noted its potential growth should it resolve ongoing legal issues, alongside a mixed performance of 2.06% over the past year. Cramer ranked JNJ among 13 stocks he evaluated, although he believes some AI stocks might yield higher returns.
Source: YAHOO
Reported 4 months ago
This article examines Jim Cramer's predictions regarding Advanced Micro Devices (AMD), following a Mad Money episode where he called for broader recognition of stock ownership among everyday Americans. Despite his previous optimistic outlook, AMD's performance has declined significantly, raising questions about the validity of Cramer's guidance. The article highlights AMD's struggles amidst a weak quarterly performance, contrasting it with potentially better-performing AI stocks.
Source: YAHOO
Reported 4 months ago
In a recent analysis, Jim Cramer's predictions on Bristol-Myers Squibb Company (BMY) were scrutinized, noting that while he initially expressed concerns about its growth potential, the stock has since risen by over 13%. Despite earlier doubts regarding its pipeline, Cramer has become more optimistic about BMY's prospects, especially with the anticipated success of a schizophrenia drug. The discussion highlights Cramer's broader views on stock market participation among everyday Americans.
Source: YAHOO
Reported 4 months ago
Skechers has agreed to be acquired by 3G Capital for $9.42 billion, marking the largest buyout in the footwear industry. This cash offer of $63 per share represents a 28% premium over Skechers' recent stock price. The acquisition comes as the company faces challenges from U.S. tariffs impacting its import-heavy business. Founded in 1992 and known for its casual athletic footwear, Skechers plans to continue operating under its current leadership post-acquisition. The deal is expected to finalize in the third quarter of 2025.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
The article discusses NVIDIA Corporation (NASDAQ:NVDA) as one of the best stocks to buy and hold for the next ten years, detailing its position in the tech market, particularly in AI and GPU manufacturing. Despite facing recent export restrictions that could impact revenue, analysts remain optimistic about its future potential. The piece emphasizes the significance of a long-term investment strategy and highlights the effectiveness of following hedge fund trends in stock selection.
Source: YAHOO
Reported 4 months ago
PDD Holdings Inc. has been highlighted as one of billionaire Chase Coleman's significant stock picks with impressive upside potential, standing out amid a challenging stock market. With its strong financial performance and growth prospects, particularly through its e-commerce platform and expansion initiatives, PDD is ranked fifth among Coleman's choices. Despite recent market corrections affecting tech stocks, the company remains a key player in the AI-driven economy, leading to optimistic projections for its growth.
Source: YAHOO
Reported 4 months ago
Skechers has agreed to a $9 billion acquisition by 3G Capital, with the deal approved unanimously by its board. The offer of $63 per share represents a 30% premium over the company's recent stock prices. Skechers, which reported a record $9 billion in revenue in 2024, will continue to be led by CEO Robert Greenberg post-acquisition, with headquarters remaining in Manhattan Beach, California. The transaction is expected to close in the third quarter of this year.
Source: YAHOO
Reported 4 months ago
Skechers, the well-known shoe company, is being acquired by 3G Capital for more than $9 billion, marking its transition to a private entity.
Source: YAHOO
Reported 4 months ago
ON Semiconductor Corp. (ON) announced Q1 earnings of $0.55 per share, surpassing the Zacks Consensus Estimate of $0.51 and reflecting a year-over-year decrease compared to $1.08 per share. The company generated revenues of $1.45 billion, exceeding estimates by 2.88%. Despite these positive earnings surprises, ON's shares have fallen approximately 33.5% year-to-date, leading investors to wonder about its future performance amid unfavorable estimate revisions, currently positioned at a Zacks Rank #4 (Sell).
Source: YAHOO
Reported 4 months ago
Source: WSJ