
US Home Price Gains at Slowest Pace in Nearly 2 Years: Case-Shiller
Meanwhile, the 20-city composite showed a year-over-year gain of 2.8 percent, a decline from a 3.4 percent increase in April. The 10-City composite experienced an annual growth rate of 3.4 percent, a decrease from 4.1 percent in April.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
Are Wall Street Analysts Predicting Alphabet Stock Will Climb or Sink?
With a market cap of $2.4 trillion, Alphabet Inc. (GOOG) is a global technology company incorporated in 1998 that operates through three segments: Google Services, Google Cloud, and Other Bets. It offers a wide range of products and platforms such as Search, YouTube, Android, Google Cloud, and healthcare technologies across the U.S., Europe, Middle East, Africa, Asia-Pacific, Canada, and Latin America. Shares of the Mountain View, California-based company have underperformed the broader market over the past 52 weeks. GOOG stock has risen 14.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 16.6%. Moreover, shares of Google parent company are up 3.2% on a YTD basis, compared to SPX's 8.3% increase. More News from Barchart Here's What Happened the Last Time Novo Nordisk Stock Was This Oversold Earnings Will Be 'Worse Than Expected' for UnitedHealth. How Should You Play UNH Stock Here? As SoFi Raises 2025 Guidance, Should You Buy, Sell, or Hold SOFI Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Focusing more closely, shares of the internet search leader have also lagged behind the Communication Services Select Sector SPDR ETF Fund's (XLC) 25.7% gain over the past 52 weeks and 9.6% return on a YTD basis. Shares of GOOG rose over 1% following its strong Q2 2025 results on Jul. 23, with net income of $5.12 per share and total revenue of $96.4 billion, surpassing expectations. Google Cloud sales surged nearly 32%, beating estimates, and advertising revenue rose 10.4% to $71.3 billion, topping forecasts. Despite investor concerns over a $10 billion increase in capital spending to $85 billion for the year, confidence grew as Alphabet emphasized strong AI-driven cloud demand and highlighted new wins like OpenAI joining its cloud customer base. For the current fiscal year, ending in December 2025, analysts expect GOOG's EPS to grow 25.9% year-over-year to $10.12. The company's earnings surprise history is strong. It beat the consensus estimates in the last four quarters. Among the 53 analysts covering the stock, the consensus rating is a 'Strong Buy.' That's based on 41 'Strong Buy' ratings, four 'Moderate Buys,' and eight 'Holds.' On Jul. 29, Wells Fargo raised Alphabet's price target to $187, maintaining an 'Equal Weight' rating. The firm expects Google Cloud to benefit from OpenAI and Anthropic workloads in 2026, with recent Q2 strength driven by core performance despite early 2025 headwinds. As of writing, the stock is trading below the mean price target of $218.45. The Street-high price target of $250 implies a potential upside of 27.3% from the current price levels. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


CNBC
6 minutes ago
- CNBC
Robinhood's 175% rally this year is best among U.S. tech stocks
As Robinhood investors await second-quarter earnings, expectations are sky-high. The online broker, known for popularizing stock and crypto trading with young investors, has seen its shares surge 177% this year, outpacing all other U.S. tech companies valued at $5 or more, excluding those that went public in 2025. The next best performer is Palantir, up 107%. Robinhood's pop this year follows a 192% rally in 2024. The company's market cap now sits at $91 billion, putting it slightly behind Coinbase, one of its top rivals in the market for buying crypto. Still, Robinhood was left out of the S&P 500 in the latest reshuffle, while Coinbase made the cut in May. Earlier this month, monitoring software company Datadog was added to the benchmark index as part of its quarterly change. Shortly thereafter, online ad company The Trade Desk and fintech firm Block joined the S&P 500, replacing companies that were getting acquired. The index's three newest companies are each worth tens of billions of dollars less than Robinhood. Robinhood has another shot to show that it's deserving when it reports quarterly earnings after the bell on Wednesday. Analysts expect the company to report revenue growth of 33% from a year earlier to $908 million, according to LSEG, with projected earnings per share of 31 cents. Adjusted earnings are expected to come in at about $448 million, according to StreetAccount. The rally reflects Robinhood's transformation from a U.S. retail broker into a global fintech and crypto infrastructure platform. While U.S. fintech funding fell 42% in the first half of 2025, according to Tracxn's semiannual report, dealmaking accelerated, and Robinhood stands out as one of the most notable buyers. In June, Robinhood acquired Bitstamp for about $200 million, gaining institutional trading rails, custody services, and more than 50 active licenses. In May, it agreed to buy Canadian crypto platform WonderFi for $179 million, expanding its regulatory footprint across North America. Robinhood is finding significant traction in Europe, where the company has begun rolling out tokenized stocks and exchange-traded funds, including synthetic shares of OpenAI and SpaceX, using blockchain. The token launch this month came alongside a broader crypto push announced at Robinhood's Cannes summit, where the company also disclosed plans for its own layer-2 blockchain optimized for real-world asset settlement. It also announced 24/7 trading and staking for Ethereum and Solana for its U.S. customers, a feature that allows users to earn rewards by supporting network operations. Other enhancements allow users to tap more leverage for crypto investments and use tools that help minimize capital gains payments and get more advanced charting. Analysts at Mizuho raised their price target on the stock to $99 following the launch in France, citing the company's "unmatched product velocity" and availability in more than 30 countries in Europe. There are potential regulatory hurdles to some of Robinhood's efforts. Regarding the tokenized trading, the Bank of Lithuania, Robinhood's lead regulator in the European Union, said it's "awaiting clarifications" on the product. But in the U.S., SEC Chair Paul Atkins called the model "an innovation" on CNBC's "Squawk Box." Robinhood CEO Vlad Tenev told CNBC after the announcement that he is "happy to continue to answer questions from our regulators," and said the company built its tokenized stock program to withstand scrutiny. "Since this is a new thing, regulators are going to want to look at it," he said. "And we expect to be scrutinized as a large, innovative player in this space." Robinhood declined to comment for this story. In its first-quarter earnings announcement in late April, Robinhood reported a 77% increase in transaction-based revenue to $583 million. Crypto trading revenue doubled to $252 million, options revenue rose 56% to $240 million and revenue from equities increased 44% to $56 million. This quarter, analysts are watching how that momentum holds up. Analysts at Cantor Fitzgerald said in a note last month that it sees Robinhood continuing to gain share from larger brokers like Charles Schwab and Interactive Brokers, as well as from crypto exchanges such as Coinbase. The firm recently lifted its price target to $89 from $60, maintaining an overweight rating on the stock. The challenge for investors is that Robinhood has zoomed past most analysts' estimates, leaving plenty of room for disappointment. Its stock closed at $103.32 on Tuesday, down about $6 from its high on July 18. Among analysts tracked by FactSet, the average price target is $100.57.


CNBC
6 minutes ago
- CNBC
Robinhood's 180% stock surge this year faces earnings test
CNBC's MacKenzie Sigalos reports on Robinhood's massive 180% stock surge this year, its exclusion from the S&P 500 despite a $93 billion valuation, and how the trading app's global fintech transformation sets the stage for today's closely watched second-quarter earnings.