S&P 500 eyes new record, Opendoor skyrockets, Bruker plummets
US stocks (^DJI, ^GSPC, ^IXIC) are climbing, with the S&P 500 eyeing a fresh record.
Opendoor (OPEN) stock continues to skyrocket, surging over 100% so far in Monday's trading session.
Bruker (BRKR) stock is plummeting after reporting preliminary second quarter results that failed to impress investors.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's market minute. US stocks rising with the tech heavy NASDAQ gaining after last week's record setting rally in growth names. The S&P 500 also eyeing a fresh record, Wall Street beginning a busy week of big tech highlighted earnings as investors also keeping a watch of continued risk around President Trump's tariffs. Opendoor continuing its meteoric rise here amid its meme stock style rally. Shares surging over a hundred percent in today's trade. Powering that stock in part has been a public bull case from EMJ Capital and a ream of speculative bets posted to the subreddit Wall Street bets. And Brook reportedly reporting preliminary second quarter revenue and adjusted profit that fell short of expectations. City noting it sees risk to second half numbers with the company likely to lower guidance. And that's your Yahoo! Finance market minute for more. What's trending on Yahoo! Finance? Scan the QR code below to track the best and worst performing stocks of the session.
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Yahoo
25 minutes ago
- Yahoo
Apollo Commercial Real Estate Finance Inc (ARI) Q2 2025 Earnings Call Highlights: Strong Loan ...
Distributable Earnings: $36 million or $0.26 per share for the second quarter. GAAP Net Income: $18 million or $0.12 per diluted share. Loan Portfolio Carrying Value: $8.6 billion, up from $7.7 billion in Q1. Weighted Average Unlevered Yield: 7.8%. New Loan Originations: $1.4 billion in commitments for the quarter. Add-on Fundings: $394 million for previously closed loans. Repayments and Sales: $631 million during the quarter. General CECL Allowance Increase: $3.1 million. Total Liquidity: $208 million at quarter end. Book Value Per Share: $12.59, excluding general CECL allowance and depreciation. Warning! GuruFocus has detected 9 Warning Signs with ARI. Release Date: July 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Apollo Commercial Real Estate Finance Inc (NYSE:ARI) delivered strong performance in Q2 2025, with significant progress in loan originations, portfolio management, and balance sheet optimization. ARI committed to $1.4 billion in new loans during the quarter, with year-to-date commitments reaching $2 billion, showcasing robust capital redeployment. The company benefits from Apollo's real estate credit platform, allowing access to a diverse transaction flow and eliminating cash drag. Approximately 2/3 of residential loans in ARI's portfolio have been originated in the past 24 months, benefiting from a valuation reset and enhanced credit quality. ARI successfully refinanced its Term Loan B facilities, extending corporate debt maturity to June 2029, highlighting market confidence in the company. Negative Points The carrying value of ARI's portfolio increased by 12% from the prior quarter, but the book value per share decreased slightly to $12.59. Despite progress, some assets like the Brook are still non-earning, with plans to monetize them not expected until early next year. The general CECL allowance increased by $3.1 million due to portfolio growth, indicating potential risk exposure. Leverage remains around 4 times, with significant non-earning assets, raising concerns about future leverage management. The office sector remains challenging, with ARI avoiding new office deals due to market conditions and portfolio concentration concerns. Q & A Highlights Q: How is the progress at the Brook, and what is the timeline for generating cash flow and potentially moving on from the asset? A: The Brook is a 500-plus unit development, with 70% market rate and 30% affordable units. Leasing has started on the market rate side, and the asset is expected to become cash flow positive early next year. A decision on whether to sell outright or bring in a partner is anticipated between the first and second quarter of next year. The ultimate plan is to monetize and move on. - Stuart Rothstein, CEO Q: Can you provide more details on the potential upside from the land parcels associated with the Brook? A: There is a small parcel referred to as the Western parcel, and discussions are ongoing about acquiring air rights or the assets outright to increase density. If successful, this could provide upside for ARI shareholders, but it is too early to predict the outcome. - Stuart Rothstein, CEO Q: What are your expectations for the commercial real estate transaction market through the end of the year, and how does it affect ARI's plans? A: Activity has picked up, and there is more capital and deal flow. We are confident in finding opportunities that fit ARI's goals. The market is expected to remain robust, providing enough opportunities for ARI to achieve its objectives. - Stuart Rothstein, CEO Q: How are you approaching the current cross currents in the commercial real estate market, and where do you see the best opportunities? A: We remain constructive on all forms of housing, including senior housing and student housing. We are cautious with office deals and focus on opportunities in the UK, Europe, and the US. We avoid ground-up development except for long-term lease data centers. - Scott Weiner, CIO Q: Is there any expectation for changes in the dividend policy, and what factors could prevent a dividend increase? A: There are no material tax protections against rising earnings, and the goal is to distribute as much of the earnings as possible as dividends. The policy is reviewed quarterly, and the aim is to maintain stability without frequent special dividends. - Stuart Rothstein, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
25 minutes ago
- Yahoo
UMB Financial Corp (UMBF) Q2 2025 Earnings Call Highlights: Strong Loan Growth and Strategic ...
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Effective Tax Rate: Expected between 19% and 21% for the full year 2025. Warning! GuruFocus has detected 2 Warning Sign with UMBF. Release Date: July 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points UMB Financial Corp (NASDAQ:UMBF) reported strong net income available for common shareholders of $215.4 million, with a significant pre-tax gain of $37.7 million from prior investments. The company achieved a notable 8 basis point expansion in net interest margin and double-digit balance sheet growth. Average loans increased by 12.7% to $36.4 billion, and average deposits rose by 10.7% to $55.6 billion, reflecting solid organic growth. UMB Financial Corp (NASDAQ:UMBF) successfully executed a pilot conversion of Heartland's Minnesota franchise, positioning well for a full conversion in October. 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A: Mariner Kemper expressed confidence in the fund services business, citing strong client service ratings and a robust technology stack. The business benefits from industry disruption and a strong pipeline, with expectations for continued growth driven by both existing client success and new business acquisition. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
25 minutes ago
- Yahoo
Next hikes outlook after sales boosted by weather and M&S woes
Next has upped its annual sales and profit outlook once again after better-than-expected trading thanks to hot weather and disruption at cyber attack struck rival Marks & Spencer. The womenswear and homewares chain posted a 10.5% rise in full-price sales for the second quarter to July 26, with growth of 10.9% for the half-year as a whole. In the UK, sales jumped by 7.8% in the second quarter as the group said it was boosted by 'better than expected weather and trading disruption at a major competitor'. M&S had to suspend online trading for nearly two months from mid-April after it was hit by a major hack. Next said the recent performance and forecasts for better-than-forecast second half trading means it now expects full-year sales to rise by 7.5% and for profits to increase by 9.3% to £1.11 billion. It had previously pencilled in sales growth of 6% and for profits to lift by 6.8%. The upgrade marks the group's third in just five months. But Next said it 'remains cautious for the second half', stressing that the improved outlook is for its international arm over the next six months. It said: 'In the UK, we believe we exceeded expectations in the second quarter as a result of better summer weather and trading disruption at a major competitor. 'We do not expect either of these factors to have a material effect in the second half, and so we are not increasing our guidance for UK sales in the second half.' It believes sales growth in the UK will slow sharply to 1.9% as the jobs market starts to falter following the Government's move to hike National Insurance contributions for employers, at the same time as rising the minimum wage. Next said: 'We expect UK employment opportunities to continue to diminish as we enter the second half, with the effects of April's National Insurance changes continuing to filter through into the economy as the year progresses. 'We believe that this will increasingly dampen consumer spending as the year progresses.' But an online marketing push for its international arm is bearing fruit, helping drive sales 28.1% higher in the first half and with growth of 19.4% now expected in the final six months. The results come after Next announced late on Wednesday that it had bought Seraphine – the maternity fashion firm, whose clothes were worn by the Princess of Wales during her pregnancies – after it recently collapsed into administration. Next paid £600,000 for the brand and announced it was bringing back Seraphine's founder Cecile Reinaud as an adviser to help relaunch the fashion label.
