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7 minutes ago
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Abbott Laboratories (ABT): I Am Very Upset With Abbott,' Says Jim Cramer
We recently published . Abbott Laboratories (NYSE:ABT) is one of the stocks Jim Cramer recently discussed. Abbott Laboratories (NYSE:ABT) is a healthcare company. While it was one of Cramer's top stocks for most of this year, this show saw the CNBC TV host take a different tone. Abbott Laboratories (NYSE:ABT)'s shares fell by 8.5% in July after the firm's latest earnings results saw it warn about a massive $1 billion hit in 2025 from tariffs. Here's what Cramer said about the firm: 'I am very upset with Abbott. They're on tonight. I have supported the company for years and years. It's the diagnostic business. We'll have Robert Ford on tonight, it's not catastrophic because I like the company, long term. But, this is not, this was another thing that happened this morning that I found quite disturbing. An operating room with a doctor monitoring a patient's vital signs during surgery with a medical device. Previously, Cramer discussed Abbott Laboratories (NYSE:ABT)'s earnings before the release: 'Then one of my absolute favorite companies, medical device maker, Abbott Labs reports. And you know, I always like to tell you which companies tend to be misinterpreted in a negative way during the earnings season. Abbott's a textbook example. It bothers me, but there are always sellers who claim to be disappointed. So, if you don't own any Abbott, may I suggest that you wait to see the numbers, wait for the stock's opening, wait for the sellers to appear. Patience is a virtue with ABT.' While we acknowledge the potential of ABT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
7 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures inch higher to start busy week of Big Tech-dominated earnings
US stock futures rose on Monday, pointing to fresh records for the S&P 500 and Nasdaq as Wall Street girded for a busy week of Big Tech-highlighted earnings and eyed the continued risk around President Trump's looming tariffs. Contracts on the S&P 500 (ES=F) and on the tech-heavy Nasdaq 100 (NQ=F) both gained about 0.3% following last week's record-setting rally in growth names. Dow Jones Industrial Average futures (YM=F) were up around 0.2% after the blue-chip benchmark finished slightly negative. This week sees investor focus dominated by two topics: Clarity on US trade policy as the implementation of tariffs looms, and earnings from tech heavyweights as Wall Street eyes record-high market valuations. On the trade front, the EU is said to be stepping up the scope of its retaliation if it fails to strike a trade pact with the US. The bloc is open to an unbalanced deal to break a talks deadlock before the Aug. 1 implementation of Trump's tariffs, per Bloomberg. But Trump's increasingly hardline stance and EU member opposition to concessions are denting hopes for an agreement. Read more: The latest on Trump's tariffs At the weekend, Commerce Secretary Howard Lutnick reaffirmed the White House's August deadline for new tariffs, calling it a "hard stop" for compliance — before saying that he's looking at continued conversation beyond that date. Meanwhile, Domino's Pizza (DPZ) second quarter sales beat estimates as new products drew buyers, helping offset the impact of tariff uncertainty. Reports from Verizon Communications (VZ) and Cleveland-Cliffs (CLF) are among other highlights on Monday's docket. Earnings season shifts into high gear this week with Alphabet (GOOG) and Tesla (TSLA) set to release updates on Wednesday — the first of the "Magnificent Seven" to report for the second quarter. Strong results could validate stretched valuations as the market's focus on AI growth is beginning to attract comparisons to historic tech bubbles. Read more: Full earnings coverage in our live blog Of the 59 S&P 500 companies that have already released results, 86% have outpaced Wall Street consensus estimates. That is a historically strong beat rate, albeit off modest expectations. Opendoor explodes higher, extending retail frenzy Opendoor (OPEN) stock rose another 28% in premarket trading Monday after it exploded 188% last week. Retail investors have piled into the stock, cementing its meme status, after EMJ Capital principal and Carvana (CVNA) spotter Eric Jackson posted a bull thesis on X. Opendoor stock had fallen to penny stock status after reaching a high of $39.24 in February 2021, Yahoo Finance's Jake Conley reported. Now it's trading around $2.87 as posts on the meme-stock Reddit forum r/WallStreetBets fuel gains. Domino's Pizza posts Q2 sales beat, but profit falls short Shares of Domino's Pizza popped about 3% in premarket trade on the heels of its second quarter results as Wall Street weighed upbeat sales against disappointing earnings per share. Reuters reports: Read more here. Block stock jumps after its inclusion in the S&P 500 Shares in Block (XYZ) surged over 9% in premarket trading after the payments company was added to the benchmark S&P 500 — reaching a new milestone for the fintech sector. Reuters reports: Read more here. Stellantis warns of $2.7B loss for 1H amid tariff headwinds Big Three automaker Stellantis (STLA) warned on Monday that it expects a 2.3 billion euro ($2.7 billion) net loss for the first half of 2025, hit by restructuring costs, ebbing sales, and an initial hit from US tariffs. The Chrysler maker's US-listed shares slipped nearly 2% in premarket, mirroring a drop in its stock in Milan. Reuters reports: Read more here. TSMC rides AI wave over trillion-dollar crest Taiwan Semiconductor Manufacturing Co.'s market value has pushed over $1 trillion for the first time in the company's history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday. Bloomberg reports: The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value. TSMC's stock surge reflected growing investor confidence that the world's top chipmaker will ride the AI boom to even greater dominance. The company raised its full-year revenue growth forecast to about 30% last week, signaling TSMC may benefit in a tightening race for AI manufacturing capacity. 'We think that TSMC's tone towards advanced node demand is even more positive with AI customers showing no signs of demand slowdown,' wrote Goldman Sachs Group Inc. analysts including Bruce Lu after TSMC's quarterly earnings. 'We expect to see a higher magnitude of price hike in 2026.' Read more here. Oil prices hold steady with Russia sanctions in focus Oil prices remained little changed overnight Sunday with geopolitical tensions impacting supply concerns. Russia is facing sanctions on oil production as a result of the countries war with Ukraine. Reuters reports: Read more here. Opendoor explodes higher, extending retail frenzy Opendoor (OPEN) stock rose another 28% in premarket trading Monday after it exploded 188% last week. Retail investors have piled into the stock, cementing its meme status, after EMJ Capital principal and Carvana (CVNA) spotter Eric Jackson posted a bull thesis on X. Opendoor stock had fallen to penny stock status after reaching a high of $39.24 in February 2021, Yahoo Finance's Jake Conley reported. Now it's trading around $2.87 as posts on the meme-stock Reddit forum r/WallStreetBets fuel gains. Opendoor (OPEN) stock rose another 28% in premarket trading Monday after it exploded 188% last week. Retail investors have piled into the stock, cementing its meme status, after EMJ Capital principal and Carvana (CVNA) spotter Eric Jackson posted a bull thesis on X. Opendoor stock had fallen to penny stock status after reaching a high of $39.24 in February 2021, Yahoo Finance's Jake Conley reported. Now it's trading around $2.87 as posts on the meme-stock Reddit forum r/WallStreetBets fuel gains. Domino's Pizza posts Q2 sales beat, but profit falls short Shares of Domino's Pizza popped about 3% in premarket trade on the heels of its second quarter results as Wall Street weighed upbeat sales against disappointing earnings per share. Reuters reports: Read more here. Shares of Domino's Pizza popped about 3% in premarket trade on the heels of its second quarter results as Wall Street weighed upbeat sales against disappointing earnings per share. Reuters reports: Read more here. Block stock jumps after its inclusion in the S&P 500 Shares in Block (XYZ) surged over 9% in premarket trading after the payments company was added to the benchmark S&P 500 — reaching a new milestone for the fintech sector. Reuters reports: Read more here. Shares in Block (XYZ) surged over 9% in premarket trading after the payments company was added to the benchmark S&P 500 — reaching a new milestone for the fintech sector. Reuters reports: Read more here. Stellantis warns of $2.7B loss for 1H amid tariff headwinds Big Three automaker Stellantis (STLA) warned on Monday that it expects a 2.3 billion euro ($2.7 billion) net loss for the first half of 2025, hit by restructuring costs, ebbing sales, and an initial hit from US tariffs. The Chrysler maker's US-listed shares slipped nearly 2% in premarket, mirroring a drop in its stock in Milan. Reuters reports: Read more here. Big Three automaker Stellantis (STLA) warned on Monday that it expects a 2.3 billion euro ($2.7 billion) net loss for the first half of 2025, hit by restructuring costs, ebbing sales, and an initial hit from US tariffs. The Chrysler maker's US-listed shares slipped nearly 2% in premarket, mirroring a drop in its stock in Milan. Reuters reports: Read more here. TSMC rides AI wave over trillion-dollar crest Taiwan Semiconductor Manufacturing Co.'s market value has pushed over $1 trillion for the first time in the company's history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday. Bloomberg reports: The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value. TSMC's stock surge reflected growing investor confidence that the world's top chipmaker will ride the AI boom to even greater dominance. The company raised its full-year revenue growth forecast to about 30% last week, signaling TSMC may benefit in a tightening race for AI manufacturing capacity. 'We think that TSMC's tone towards advanced node demand is even more positive with AI customers showing no signs of demand slowdown,' wrote Goldman Sachs Group Inc. analysts including Bruce Lu after TSMC's quarterly earnings. 'We expect to see a higher magnitude of price hike in 2026.' Read more here. Taiwan Semiconductor Manufacturing Co.'s market value has pushed over $1 trillion for the first time in the company's history. The chip-manufacturing giant has seen its stock price double in the past year, reaching an all-time high Friday. Bloomberg reports: The main supplier of chips to Apple Inc. (AAPL) and Nvidia Corp. (NVDA) saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value. TSMC's stock surge reflected growing investor confidence that the world's top chipmaker will ride the AI boom to even greater dominance. The company raised its full-year revenue growth forecast to about 30% last week, signaling TSMC may benefit in a tightening race for AI manufacturing capacity. 'We think that TSMC's tone towards advanced node demand is even more positive with AI customers showing no signs of demand slowdown,' wrote Goldman Sachs Group Inc. analysts including Bruce Lu after TSMC's quarterly earnings. 'We expect to see a higher magnitude of price hike in 2026.' Read more here. Oil prices hold steady with Russia sanctions in focus Oil prices remained little changed overnight Sunday with geopolitical tensions impacting supply concerns. Russia is facing sanctions on oil production as a result of the countries war with Ukraine. Reuters reports: Read more here. Oil prices remained little changed overnight Sunday with geopolitical tensions impacting supply concerns. Russia is facing sanctions on oil production as a result of the countries war with Ukraine. Reuters reports: Read more here.
Yahoo
7 minutes ago
- Yahoo
Here's Why Resideo Technologies (REZI) Surged in Q2
Ariel Investments, an investment management company, released its 'Ariel Focus Fund' second-quarter investor letter. A copy of the letter can be downloaded here. The second quarter of 2025 saw a period of extremes. Despite an initial market sell-off caused by the 'Liberation Day' tariff announcement, the stock market recovered, supported by renewed interest in AI-related stocks, strong economic data, and solid corporate earnings. In the environment, the fund returned +4.75%, outperforming the Russell 1000 Value Index's +3.79% gain but lagging behind the S&P 500 Index's +10.94% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Ariel Focus Fund highlighted stocks such as Resideo Technologies, Inc. (NYSE:REZI). Resideo Technologies, Inc. (NYSE:REZI) develops, manufactures, and sells comfort, energy management, and safety and security solutions. The one-month return of Resideo Technologies, Inc. (NYSE:REZI) was 10.97%, and its shares gained 12.42% of their value over the last 52 weeks. On July 18, 2025, Resideo Technologies, Inc. (NYSE:REZI) stock closed at $24.17 per share, with a market capitalization of $3.589 billion. Ariel Focus Fund stated the following regarding Resideo Technologies, Inc. (NYSE:REZI) in its second quarter 2025 investor letter: "Additionally, supplier of residential thermal, comfort and security solutions, Resideo Technologies, Inc. (NYSE:REZI) advanced following solid quarterly earnings results highlighted by organic revenue growth and margin expansion. Synergies from the integration of Snap One are also ahead of expectations. Meanwhile, REZI expects to substantially mitigate any headwinds from tariffs by increasing prices, repositioning inventory and by running its factories at different utilization rates. We believe REZI's earnings potential is underappreciated. The company is entering a new phase of sustainable growth driven by a secular preference for more connected smart home solutions and product innovation." A security specialist installing a home security panel, showing the safety and security the company provides. Resideo Technologies, Inc. (NYSE:REZI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Resideo Technologies, Inc. (NYSE:REZI) at the end of the first quarter, which was 28 in the previous quarter. In Q1 2025, Resideo Technologies, Inc. (NYSE:REZI) reported revenue of approximately $1.8 billion, representing an increase of 19% year-over-year. While we acknowledge the potential of Resideo Technologies, Inc. (NYSE:REZI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Resideo Technologies, Inc. (NYSE:REZI) and shared Ariel Focus Fund's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. 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
