AstraZeneca's US Investment, Future of Psychedelic Therapy
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
US stocks slump on latest tariffs, soft jobs data
STORY: U.S. stocks slumped on Friday, with the Dow dropping about one-and-a-quarter percent, the S&P 500 shedding 1.6%, its biggest daily percentage decline in more than two months... and the Nasdaq sliding about two-and-a-quarter percent. Stocks opened lower after President Donald Trump announced a wave of steeper-than-expected tariffs on several trading partners. Meanwhile, data showing a major slowdown in U.S. job growth further dented investor confidence. Sharp downward revisions to May's and June's jobs numbers proved particularly unnerving, notes Rick Gardner, chief investment officer at RGA Investments. "That was where I felt like we were in peak uncertainty. We had tariffs. We had whether or not the tax code was gonna get extended. The situation with Iran - there were a lot of things going on, and uncertainty tends to cause maybe a little bit of reluctance if you're an employer when making hiring decisions. So I think it's interesting that as we get these revisions, those numbers are receding back, and it may really be giving the Fed the opportunity that it's been looking for to drop rates." Related Videos Bad news flurry, IPO market, crypto dive: Market takeaways Earnings, Fed commentary, consumer credit: What to Watch IPO market heats up: These 4 names prepare to go public next Berkshire Hathaway earnings: 'Perfect' stock to own when 'worried' In fact, market expectations that the Fed will cut rates at its September meeting soared to more than 86% from about 38% in the prior session, according to CME's FedWatch Tool. Among Friday's stock moves, Amazon was the biggest drag on all three of Wall Street's main indexes, spiraling more than 8% after the company failed to meet lofty expectations for its Amazon Web Services cloud computing unit. And shares of Apple lost 2.5% after the iPhone maker posted a current-quarter revenue forecast well above Wall Street estimates, but CEO Tim Cook warned U.S. tariffs would add $1.1 billion in costs over the period. 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
32 minutes ago
- Yahoo
Citi Remains Bullish on VNET Group (VNET)
VNET Group, Inc. (NASDAQ:VNET) is one of the best strong buy stocks to buy under $10. On June 30, Citi analyst Louis Tsang reiterated their bullish stance on VNET Group, Inc. (NASDAQ:VNET), giving it a Buy rating with a $20 price target. A close up image of a application hosting server with the company's branding on it. The analyst based the rating on VNET Group, Inc.'s (NASDAQ:VNET) promising growth prospects, stating that the company raised its revenue and EBITDA guidance for fiscal year 2025, suggesting solid financial performance and aligning with the analyst's above-consensus projections. Tsang also stated that VNET Group, Inc.'s (NASDAQ:VNET) $50 million share repurchase program is anticipated to bolster the stock price, while updates on initiatives like the B30 project, H-share IPO, and C-REIT potentially leading to further re-rating. VNET Group, Inc. (NASDAQ:VNET) is a carrier and cloud-neutral internet data center services provider in China. The company provides hosting and related services, including cloud services, IDC services, and business VPN services to support the security, reliability, and speed of the internet infrastructure of its customers. While we acknowledge the potential of VNET 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. 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
42 minutes ago
- Yahoo
Freehold Royalties Ltd (FRHLF) Q2 2025 Earnings Call Highlights: Strategic Growth Amidst Market ...
Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Freehold Royalties Ltd (FRHLF) achieved a 9% production growth from the second quarter of last year, reflecting strategic acquisitions that expanded their US positioning. The company reported strong liquids production in Q2, with a liquid weighting of 67% and significant contributions from high productivity wells. Funds from operations were $57 million in the quarter, marking a 40% increase in FFO per share compared to a similar WTI oil benchmark price four years ago. Freehold Royalties Ltd (FRHLF) maintained a strong balance sheet with net debt of $271 million, representing a 1.1 times trailing net debt to funds from operations. The company paid $44 million in dividends to shareholders and invested $12 million in acquiring undeveloped mineral title lands in the US, indicating a focus on growth and shareholder returns. Negative Points Benchmark oil pricing was 11% lower than the previous quarter, dropping almost $8 a barrel to approximately $64 US a barrel, impacting revenue. There was a slowdown in drilling rig activity in both the Permian and Eagleford basins, with both down about 10% year-to-date compared to last year. The Canadian Cardium play requires stronger gas pricing to be economically viable, leading to reduced activity levels. The Viking play is not expected to represent growth in the portfolio, with a flat production profile anticipated going forward. The company is not seeing the same level of M&A opportunities as in prior years, which could limit growth through acquisitions. Q & A Highlights Warning! GuruFocus has detected 6 Warning Sign with FRHLF. Q: Freehold had strong liquids production in Q2. Can you walk us through your outlook for liquids production for the rest of the year? A: (Rob King, COO) Q2 saw significant NGL volume growth, particularly in the US, with a 30% increase quarter-over-quarter. This was partly due to a prior period adjustment and additional liquids from new wells. We expect continued liquids growth from both Canadian and US assets, with high liquids weightings in the Midland and Eagleford positions. Q: The Canadian number of wells is down, particularly in the Viking and Cardium areas. Is this due to higher gas weighting and commodity prices? How do you see activity in these areas moving forward? A: (David Spiker, CEO) The Cardium requires stronger gas pricing for economic viability, leading to reduced activity. The Viking is more seasonal, with consistent activity but not expected to drive growth. We see growth coming from other areas in our portfolio. Q: Do you have exposure in the Belly River, which is gaining attention for its liquid production? A: (David Spiker, CEO) Yes, we have reasonable exposure in the Belly River. Some leasing in Q2 was in this area, and we expect it to continue attracting capital and be a growth area for us. Q: How do you see the M&A landscape, and is there potential for a significant deal before year-end? A: (David Spiker, CEO) We're focusing on acquiring undeveloped mineral title lands in the US, which offer high returns. While there are potential larger packages being marketed, we don't have details yet on their scale or scope. Q: Regarding the balance sheet and dividend, is it reasonable to expect dividend growth alongside M&A outlook? A: (Shayna Morihara, CFO) We're comfortable with our 60% payout ratio and $0.09 per month dividend. We'll continue to evaluate this with any M&A activity, but we believe we're at a competitive level currently. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
