BAE Ready to Lift Capex Beyond £1B to Meet Defense Boom
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
24 minutes ago
- Bloomberg
OpenAI Staffers to Sell Shares at $500 Billion Valuation
Current and former OpenAI employees plan to sell approximately $6 billion worth of shares to an investor group in a deal that values the startup at $500 billion, according to sources. Bloomberg's Kate Clark explains what's behind the deal and the jump in valuation. (Source: Bloomberg)
Business Insider
31 minutes ago
- Business Insider
Morning Movers: Dayforce surges after potential Thoma Bravo acquisition reports
Stock futures are drifting lower this morning as investors lean into a busy week headlined by Jackson Hole central bank speeches and earnings from major retailers. Small caps are showing outperformance, suggesting rotation after recent megacap strength, particularly in tech. 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. Geopolitical developments are adding weight as markets are monitoring the potential implications of President Trump's meeting with Ukrainian President Zelensky and European leaders as Washington seeks support for a Ukraine–Russia peace initiative. In pre-market trading, S&P 500 futures fell 0.09%, Nasdaq futures fell 0.14% and Dow futures are flat. Check out this morning's top movers from around Wall Street, compiled by The Fly, and subscribe to the Fly By if you want to know how the markets will open, which stocks will be moving and why. HIGHER – Dayforce (DAY) up 25% after Bloomberg reported Thoma Bravo is in talks to acquire the company Soho House (SHCO) up 16% after entering into definitive agreements pursuant to which an investor group led by MCR and its chairman and CEO Tyler Morse will acquire the outstanding shares not held by certain significant shareholders TeraWulf (WULF) up 11% after reporting Google (GOOGL) will provide an incremental backstop of $1.4B in support of project-related debt financing and will receive warrants to acquire shares of TeraWulf common stock Tonix Pharmaceuticals (TNXP) up 4% after announcing that the FDA approved Tonmya for the treatment of fibromyalgia in adults Novo Nordisk (NVO) up 4% after announcing that the FDA has approved an additional indication for Wegovy based on a supplemental New Drug Application for treatment of noncirrhotic metabolic dysfunction-associated steatohepatitis in adults with moderate to advanced liver fibrosis DOWN AFTER EARNINGS – Riskified (RSKD) down 13% LOWER – Strategy (MSTR) and Coinbase (COIN) both down 1% after bitcoin dipped as heightened macro concerns triggered more than $500M in forced selling of long positions. Tesla (TSLA) down 1% after The Times reported British motorists can lease a Tesla EV for about half the cost it was a year ago as the company attempts to boost its faltering sales in the UK
Yahoo
an hour ago
- Yahoo
Home Depot to report Q2 earnings as Wall Street eyes third straight quarter of US sales growth
Home Depot (HD) is set to report second quarter earnings before the market open on Tuesday as investors eye a return to consistent same-store sales growth in the US and signs that the prolonged slump in the US housing market is starting to thaw. Wall Street expects that same-store sales at Home Depot grew 1.4% in the last quarter, according to Bloomberg data. Same-store sales fell 0.3% in the first quarter, a reversal from the fourth quarter's 0.8% uptick. Global same-store sales had declined in eight straight quarters before the uptick in Q4. In the US, same-store sales are expected to rise 1.6%, which would mark the third straight quarter of positive comps in Home Depot's home market. The company hasn't reported three consecutive quarters of US same-store sales growth since the third quarter of 2022. Telsey Advisory Group's Joe Feldman said the higher growth will likely be realized from a combination of easing comparisons and a return to larger, discretionary projects like kitchen and bath remodels. "We anticipate home improvement demand trends improving over time, as consumers stop putting off projects despite high interest rates, eventually getting used to the rates as opposed to waiting for them to fall," Feldman said. Revenue is expected to tick 5% higher year over year to $42.4 billion. Adjusted earnings per share are expected to come in at $4.72, compared to $4.67 in the same time period last year. In the first quarter, Home Depot reiterated its annual forecast, saying it expected net sales to grow by 2.8% and same-store sales to increase by 1% for the full fiscal year. Home Depot did not provide Q2 guidance, but executive vice president of merchandising Billy Bastek called the second quarter its "Super Bowl" season. He said the chain has not stockpiled inventory due to tariffs like some retailers, but "in-stock rates have never been better." A Home Depot spokesperson told Yahoo Finance last quarter that the chain planned to work with suppliers and diversify its sourcing instead of raising prices. "Twelve months from now, no single country outside of the United States will represent more than 10% of our purchases," the company said. Home Depot stock has been moving higher ahead of this report as interest rates have moderated in anticipation of the Fed cutting rates next month, with the stock rising more than 10% in the last month. Rival Lowe's (LOW) has seen its stock rise 15%. "While the macro remains choppy, we expect Home Depot to see continued share gains as it accelerates growth and capabilities with the complex pro, both organically and inorganically," Bank of America analyst Robert Ohmes wrote in a recent note. Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@ Click here for all of the latest retail stock news and events to better inform your investing strategy
