Morning News Wrap-Up: Wednesday's Biggest Stock Market Stories!
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Bolt Projects (BSLK) stock underwent a massive rally following the release of its Q2 2025 earnings report.
Sapiens (SPNS) stock surged alongside plans to take the company private in a $2.5 billion deal.
SoundHound AI (SOUN) stock received an upgrade from five-star-rated Ladenburg Thalmann analyst Glenn G. Mattson.
Momentus (MNTS) stock rocketed higher after it was awarded a contract by NASA.
Cava Group (CAVA) stock sank after analysts cut price targets following its Q2 2025 earnings report.
The Dow Jones Industrial Average (DJIA) closed in on an all-time high as hopes for an interest rate cut increased.
Reddit (RDDT) stock was up after the social media company blocked the Wayback Machine to prevent AI scraping.
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Business Insider
28 minutes ago
- Business Insider
QQQ ETF News, 8/14/2025
How is QQQ stock faring? The Invesco QQQ ETF has risen 2.82% over the past five days and is up 13.8% year-to-date. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks' unique ETF analyst consensus, which is based on a weighted average of its holdings' analyst ratings, QQQ is a Moderate Buy. The Street's average price target of $636.15 for the QQQ ETF implies an upside potential of 9.62%. Currently, QQQ's five holdings with the highest upside potential are Atlassian Corporation (TEAM), Charter Communications (CHTR), Strategy (MSTR), Trade Desk (TTD), and Lululemon Athletica (LULU). (PLTR), Tesla Motors (TSLA), Fastenal (FAST), Broadcom (AVGO), and Electronic Arts (EA). Revealingly, QQQ ETF's Smart Score is seven, implying that this ETF is likely to perform in line with the market. Power up your ETF investing with TipRanks. Discover the ETFs with High Upside Potential, carefully curated based on TipRanks' analysis.
Yahoo
2 hours ago
- Yahoo
After Earnings, Pair Cisco with This Other ‘Chip' Stock for Maximum Results
If you were listening to this article instead of reading it, things might be more confusing. Because when comparing two companies whose names sound identical, you either have to see it in print, or explain which one you mean. Back in my days of managing money, when giving instructions to a trader verbally, I had to be careful to include the ticker symbol, not simply say Cisco (CSCO). Or was it Sysco (SYY)? As it turns out, the two stocks actually make a nice pair because they are such polar opposites. More News from Barchart Why This Cannabis Penny Stock Could Be Wall Street's Next Meme Trade Breakout Apple Stock Is Gaining Momentum, Is AAPL Stock a Buy? Peter Thiel-Backed Bullish Is About to IPO. Should You Buy BLSH Stock? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. I've found over the years that they each represent the constant tug-of-war between investor emotions. We want growth stocks, with strong earnings acceleration, on the cutting edge of technology. We also want stability. Some have taken to comparing Nvidia's (NVDA) leading edge in AI to CSCO's role in leading the charge to power the internet. In perhaps a cautionary tale, CSCO surged into the dot-com bubble top in 2000, but then lost the vast majority of its value. It took 25 years to recover that peak stock price. Yet CSCO and NVDA are each part of today's Dow Jones Industrial Average ($DOWI). You might know the other half of the pair, SYY, if you've ever eaten at a restaurant. Sysco supplies everything from napkins to tuna salad. Whatever a restaurant needs! And it is the biggest company in its niche. Comparing 'Chip' Stocks When we consider the 180-degree difference between the (computer) chips business of CSCO and the (potato) chips business of SYY, we can start to understand how this stock pair is a proxy for 'risk on' versus 'risk off.' This chart shows 6-month rolling returns of these two companies going back a few years. They are mirror images as often as they are in sync. I suspect there are many such pairs in this tech-dominated stock market. Now that we have separated the pair anecdotally and also shown their often divergent performance, let's compare the stocks in more detail. A few things stand out as I look at this custom snapshot I created using Barchart's stock comparison tool. CSCO, not unexpectedly, is more volatile, but in this bull market for tech stocks, it has outdistanced SYY over multiple time frames. Yet SYY has grown its earnings and revenue by greater rates over the past 5 years. Both stocks have decent yields for their sectors. CSCO trades for a higher multiple, but SYY at 17.6x times seems a bit high. It is in the food biz, not contributing to next-generation technology. That said, selling at less than 0.5x sales, SYY is a bargain on that measure. CSCO's Chart Looks Better Than SYY CSCO's earnings threaten to alter its path, which has been decidedly higher. That 50-day moving average in green is rising nicely. And the percentage price oscillator (PPO) at the bottom has some kick to it. Still, earnings are THE biggest threat to any stock's rally. Alternatively, the stock rallying into earnings as it has could also be the start of a bigger move. SYY announced earnings 2 weeks ago, and the stock has floated higher since that time. The PPO indicator at the bottom of the chart may be foreshadowing a top here. The Bottom Line Whether you invest in tech, consumer stocks or both, it helps to understand how they differ. And what they have in common. And in the case of CSCO and SYY, it helps to memorize your stock symbols, to avoid confusion. Ironically, the SYY-CSCO combination might actually work best as a pair. And while that particular fact is a part coincidence, based on the company names, it reminds us that there's still room for some good, old-fashioned diversification amid the 'tech or bust' mentality that continues to have the market's rapt attention. On the date of publication, Rob Isbitts 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
New York Post
2 hours ago
- New York Post
Wholesale inflation much hotter than expected in July — throwing possible wrench into rate cut hopes
Wholesale prices rose at a much hotter-than-expected pace in July — throwing a possible wrench into Wall Street's growing hopes for a rate cut next month. The Producer Price Index, which measures final demand goods and services prices, jumped 0.9% in July – its biggest monthly gain since June 2022, the Bureau of Labor Statistics said Thursday. That came in far above expectations for a 0.2% rise. 4 Container ships piled high with cargo at the port in Qingdao in China's eastern Shandong province. AFP via Getty Images Over the past 12 months, the PPI increased 3.3% in July, coming in well above the Federal Reserve's 2% goal – just after a tame 2.7% consumer inflation reading earlier this week had seemingly teed up a rate cut in September. 'Given how benign the CPI numbers were on Tuesday, this is a most unwelcome surprise to the upside and is likely to unwind some of the optimism of a 'guaranteed' rate cut next month,' Chris Zaccarelli, chief investment officer for Northlight Asset Management, said in a note Thursday. 'The large spike in the Producer Price Index this morning shows inflation is coursing through the economy, even if it hasn't been felt by consumers yet.' Markets had priced in near-certain odds that the Fed would slash interest rates by a quarter point during its September meeting. Those odds dipped slightly on Thursday following the PPI report's release, according to CME FedWatch, which tracks 30-day Fed Funds futures prices. The Dow Jones Industrial Average slipped 129 points, or 0.3%, while the S&P 500 and Nasdaq fell 0.2% and less than 0.1%. 4 President Trump speaks at an event at the Kennedy Center on Wednesday. Getty Images Core PPI – which excludes volatile food and energy prices – rose 0.9%, above expectations of a 0.3% increase. Excluding food, energy and trade services, the index rose 0.6% for its largest gain since March 2022. Services inflation largely drove the reading, rising 1.1% in July. Trade services margins rose 2% in July as President Trump's trade war raged on. Start and end your day informed with our newsletters Morning Report and Evening Update: Your source for today's top stories Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters About 30% of the increase in services came from a 3.8% jump in machinery and equipment wholesaling. Portfolio management fees increased 5.8% and airline passenger services prices ticked up 1%. 'The fact that PPI was stronger-than-expected and CPI has been relatively soft suggests that businesses are eating much of the tariff costs instead of passing them onto the consumer,' Clark Geranen, chief market strategist at CalBay Investments, said in a note Thursday. 4 Goldman Sachs CEO David Solomon speaks during a business summit in Australia in March. REUTERS 'Businesses may soon start to reverse course and start passing these costs to consumers.' That would fulfill projections published earlier this week in a report from Goldman Sachs economists, who argued that US consumers will end up bearing the brunt of Trump's tariffs. So far, consumers have absorbed just 22% of tariff costs, but this share will likely jump to 67% as businesses start to hike prices, the report said. Every morning, the NY POSTcast offers a deep dive into the headlines with the Post's signature mix of politics, business, pop culture, true crime and everything in between. Subscribe here! Trump fumed that Goldman Sachs boss David Solomon should go back to 'being a DJ' and 'get himself a new economist.' Thursday's producer price data puts Fed Chairman Jerome Powell – who Trump has pushed to slash rates – in a more complex spot. 'We had the hideous jobs report and that may be more of a worry than inflation at the given moment,' Ken Mahoney, CEO at Mahoney Asset Management, told The Post. 4 Federal Reserve Chairman Jerome Powell speaks during a press conference in July. REUTERS 'This could be a one-off and there is no pattern here yet, but we will see how this plays out.' He added that the running joke online seems to be that 'whoever put the PPI out will lose their job today because the number was bad.' Earlier this month, Trump abruptly fired BLS chief Erika McEntarfer after a dismal economic report revealed the labor market has been weakening for months. The president said he plans to nominate E.J. Antoni, a harsh critic of the department and top economist at the conservative Heritage Foundation, to lead the bureau.
