
US Stocks Extend Gains on Strong Earnings, Rate-Cut Bets
The S&P 500 Index and Nasdaq 100 rose 0.2% each as of 9:39 a.m. in New York. Dow Jones Industrial Average rose 0.3%.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Elon Musk's Favorability Rating Among Americans Has Tanked Since January
Elon Musk finished dead last in favorability in a recent Gallup poll asking Americans to assess 14 world figures. What Happened: Musk's approval ratings have taken a nosedive following his contentious tenure at the White House and the ensuing fallout with President Donald Trump. Musk's actions have not only tarnished his personal image but have also triggered a substantial decline in Tesla's sales and revenues. The Gallup poll showed that 61% of 1,000 randomly chosen American adults held a negative view of Musk. This follows Musk's participation in the Department of Government Efficiency, his warnings about the difficulties under a Trump presidency, and his plans to revamp government agencies. Before starting his White House work, Musk was viewed slightly more negatively than positively (43% favorable, 47% unfavorable). In the July poll, Musk's favorable rating was 33% favorable, with 61% unfavorable — a 24-point downward swing. Also Read: Ex-Trump Lawyer Says Trump Could Set Sights on Musk's Billions: 'It Bothers Him That He Is the Richest Man' The poll also shows a sharp drop in approval ratings for several current and former Trump administration figures, including Secretary of State Marco Rubio and President Trump, signaling a turbulent run-up to next year's midterm elections. The Gallup poll, conducted from July 7 to 21, revealed that Pope Leo XIV holds a net favorability score of +46, significantly higher than Ukrainian President Volodymyr Zelenskyy (+18) and Sen. Bernie Sanders (I-Vt.) (+11). Pope Leo's 57% favorability rating aligns with the initial ratings of his predecessors, Pope Francis and Pope Benedict XVI. Simultaneously, French President Emmanuel Macron and Rep. Alexandria Ocasio-Cortez (D-N.Y.) received mixed reviews, with a large portion of respondents expressing neutrality. Conversely, personalities like Health and Human Services Secretary Robert F. Kennedy Jr. and Israeli Prime Minister Benjamin Netanyahu were viewed unfavorably. Why It Matters: The plummeting popularity of Musk, a key figure in the tech and automotive industries, could have far-reaching implications. His controversial actions and the resulting public sentiment could potentially influence consumer behavior and investor confidence, impacting not just Tesla but the broader electric vehicle market. The termination of the federal program involving Musk also raises questions about the future of public-private partnerships in the tech sector. Read Next Independent Voters' Approval Rating Of Donald Trump Plummets, Latest Poll Indicates Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? TESLA (TSLA): Free Stock Analysis Report This article Elon Musk's Favorability Rating Among Americans Has Tanked Since January originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
15 minutes ago
- Yahoo
Jim Cramer on Riot Platforms: 'That's Just Too Dicey for Me'
Riot Platforms, Inc. (NASDAQ:RIOT) is one of the stocks highlighted by Jim Cramer in the lightning round. During the lightning round, a caller inquired about the stock, and Cramer stated: 'No, see, that's, again, I mean that's just too dicey for me. I know in the end, I don't look like, I may look like a radical, but I'm not when it comes to money, except for when it comes to orientation and not just doing S&P funds, but also doing individual stocks.' Photo by bitcoin executium on Unsplash Riot Platforms, Inc. (NASDAQ:RIOT) is a Bitcoin mining company that also provides infrastructure, power distribution equipment, and custom electrical solutions for large-scale applications. When a caller inquired about the stock in a July episode, Cramer responded: 'You know, I have been a believer. I actually had… a very big debate this weekend about whether you should just own Bitcoin, or you should own Riot Platforms, or own Strategy. And I still come back to say own Bitcoin. I don't need leverage. I don't need trickiness. It's like I prefer gold to the gold miners. It really is the same thing. Own Bitcoin.' While we acknowledge the potential of RIOT 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
15 minutes ago
- Yahoo
McCormick (MKC) Gets Price Target Cut as Stifel Flags Sector-Wide Caution
McCormick & Company Inc. (NYSE:MKC) is one of the best defensive stocks to invest in according to analysts. In its Q2 2025 results report at the end of June, the company highlighted headwinds from tariff costs over FY 2025, which it plans to offset through adjustments in sourcing of materials, pricing, and cost discipline. However, pricing seems to be slightly less elastic for the company, and most of the revenue growth appears to be coming from higher volumes, as pricing has declined for the last three quarters, while it contributed only 0.3% towards the organic sales growth of 1.6% in Q2. McCormick's share price has already lost around 8% YTD, and the market appears cautious on the consumption trends. In a note dated July 29, Stifel Nicolaus analyst Matthew Smith revised his outlook on the company and lowered the price target from $82 to $76 while maintaining a Hold rating. Smith expressed a cautious stance ahead of the second-quarter earnings season, particularly for food sector stocks under his coverage. The analyst pointed to ongoing softness in consumer demand that persisted through the second quarter, contributing to a more conservative view on the group's performance. For 2025, Stifel projects only about 1% organic sales growth across its food and beverage coverage universe, alongside an average EPS decline of 15%. Given these subdued expectations, the analyst advised investors to take a selective approach when considering exposure to the food sector. McCormick & Company Inc. (NYSE:MKC) manufactures and markets spices, seasoning mixes, condiments, flavour solutions, and other products to the food industry. While we acknowledge the potential of MKC 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: 10 Most Oversold S&P 500 Stocks So Far in 2025 and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio