Here are 3 stocks that are working in Thursday's mixed market and another that is not
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Yahoo
17 minutes ago
- Yahoo
Why The Trade Desk Stock Tumbled Nearly 40% Friday
Key Takeaways The Trade Desk shares cratered Friday after the firm that helps businesses run ad campaigns warned tariffs are limiting big ad spending. CEO Jeff Green said large companies are feeling pressure from tariffs, and that affects its business. The Trade Desk also named a new Trade Desk (TTD) shares plunged Friday after the provider of software to help businesses run ad campaigns warned that new U.S. tariffs are putting a crimp on advertising spending. The company also announced a CFO change. The stock was down nearly 40% around $54 per share in recent trading, erasing all of its recent gains on its addition to the S&P 500 last month. It's lost more than half its value since the year started. CEO Jeff Green said in a call with analysts that some of the large companies that use its services are facing pressure from tariffs. "The impact of tariffs and related policies on these businesses are very real,' he said, according to a transcript provided by AlphaSense, adding 'we see the effects that are directly impacting them.' The company reported mixed second-quarter results. Revenue rose 18.7% year-over-year to $694 million, above the average estimate of analysts surveyed by Visible Alpha. However, adjusted earnings per share of $0.41 came in just short of forecasts. The Trade Desk also announced that current board member Alex Kayyal would become the new CFO, replacing Laura Schenkein, who will remain with the firm through the end of the year to help with the transition. She held the position for two years. Read the original article on Investopedia
Yahoo
26 minutes ago
- Yahoo
What Are Wall Street Analysts' Target Price for NiSource Stock?
NiSource Inc. (NI) is a leading regulated utility company headquartered in Merrillville, Indiana, with a market cap of approximately $20 billion. Operating within the Utilities sector and the Gas Utilities industry, NiSource provides natural gas and electric services to nearly 4 million customers across six U.S. states, including Indiana, Ohio, and Pennsylvania. The company focuses on delivering reliable, safe, and sustainable energy through its local distribution companies, while also investing in modernizing infrastructure and advancing clean energy initiatives. NiSource has shown steady gains year-to-date (YTD), with its stock rising 15.3%, higher than the broader S&P 500 Index ($SPX), which has delivered about 7.8% returns over the same period. Over the 52-week span, NiSource again outperformed, reflecting investor confidence in the company's regulated utility model and long-term growth strategy. It's 36.2% gains compare favorably with the $SPX's 21.9% returns. NI, in fact, hit its 52-week high of $43.51 recently, on Aug. 4. More News from Barchart Robinhood Stock Seemingly Can't Be Stopped in 2025. Is It Too Late to Buy HOOD Here? Dear Ford Stock Fans, Mark Your Calendar for August 11 Cathie Wood Is Buying Shares of This Little-Known Ethereum Treasury Company. Should You? 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! Also, compared to the Utilities Select Sector SPDR Fund (XLU), NI showed greater strength. XLU has gained 14.4% YTD, while over the past 52 weeks, the ETF's returns stand at 18.1%. NI's recent robust price action has been influenced by the company's strong second-quarter earnings, positive analyst sentiment, and strategic investments in AI and renewable energy. In its second quarter of 2025 earnings report released on Aug. 6, NiSource delivered solid financial results that exceeded Wall Street expectations, reinforcing its position as a stable and well-managed utility. The company's revenue reached $1.28 billion, compared with $1.08 billion a year earlier and above analysts' expectations. Also, the company's non-GAAP EPS of $0.22 was slightly higher than the prior-year quarter value, and topped the consensus estimate. What further led to investors' optimism is that the company narrowed its 2025 adjusted EPS guidance to the upper half of the $1.85 to $1.89 range, indicating confidence in achieving its financial targets. For the current fiscal year, ending in December 2025, analysts expect NI to report EPS growth of 7.4% year-over-year to $1.88, on a diluted basis. The company has a history of surpassing consensus EPS estimates in its quarterly earnings reports, topping consensus estimates in each of the last four quarters. Of the 14 analysts covering NI stock, the consensus rating is a 'Strong Buy.' That's based on 13 'Strong Buy' and one 'Hold' ratings. The current configuration is more bearish than two months ago when 14 analysts gave 'Strong Buy' recommendation for the stock. On Aug. 4, Barclays plc (BCS) raised its price target on NiSource to $44 from $42 while maintaining an 'Overweight' rating, citing upside potential from possible generation-related developments in Q3 2025 and anticipates progress in tariff outcomes that could enhance regulatory clarity. While the mean price target of $43.92 represents a premium of 3.7% to its current price, the Street-high price target of $48 suggests an upside potential of 13.3%. On the date of publication, Kritika Sarmah 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 Sign in to access your portfolio
Wall Street Journal
28 minutes ago
- Wall Street Journal
U.S. Natural Gas Futures Hold Above Key Support
1540 ET – U.S. natural gas futures settle a couple of cents lower in range-bound trade, holding above the key $3 level with support from some warmer weather seen later this month and a pickup in LNG feedgas flows. 'The bearishness seemed to hit exhaustion levels and the traders that have a target of $3 to take profit apparently did so,' Phil Flynn of the Price Futures Group says in a note. 'It sure helped that we got a little bit of heat as well.' Nymex natural gas settles down 0.7% at $3.083/mmBtu, for a 2.4% weekly loss. ( 0935 ET – U.S. natural gas futures are slightly lower after yesterday's recovery from a dip below $3. Prices could find support from August weather forecasts showing more heat for the 6-10 and 11-15 day periods, Tradition Energy's Gary Cunningham says in a note. Possible record temperatures next week in the southwest 'could push electricity demands in southern California to levels requiring extra dispatch of gas peakers,' he adds. 'We expect the September contract to be range-bound between $3 and $3.20 with some resistance at $3.15.' September gas is off 0.6% at $3.088/mmBtu. (
