logo
NYSE Content Advisory: Pre-Market update + U.S. & China agree to framework of deal

NYSE Content Advisory: Pre-Market update + U.S. & China agree to framework of deal

Globe and Mail6 hours ago

NEW YORK , /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.
J.D. Durkin delivers the pre-market update on June 27th
Stocks are moving fractionally higher Friday morning, with the S&P 500 on pace to set a record after finishing just shy of the mark on Thursday. Overall, the major averages each ended Thursday's session higher.
President Trump told reporters yesterday that the U.S. and China agreed to the framework of a trade deal. This development comes after initial talks in Geneva in May resulted in a postponement of escalating reciprocal tariffs.
Later this morning, the University of Michigan will reveal its final June reading on consumer sentiment. A preliminary reading earlier in the month showed that sentiment had risen by 16% since May.
Opening Bell
COtwo Advisors celebrates the launch of CTWO, the first ETP providing physical exposure to the European Union Emissions Trading System
Click here to download the NYSE TV App

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

3 Semiconductor Stocks Poised to Surge on AI Spending
3 Semiconductor Stocks Poised to Surge on AI Spending

Globe and Mail

time23 minutes ago

  • Globe and Mail

3 Semiconductor Stocks Poised to Surge on AI Spending

It's been a roller coaster year for semiconductor stocks. Many of the biggest names, like NVIDIA Corp. (NASDAQ: NVDA), were on a tear heading into the year on plans for a massive data center buildout to support the needs of artificial intelligence (AI). That hope turned to concern in January when China's DeepSeek large language model was released. This played into the bearish argument that hyperscalers (i.e., companies that require large-scale data centers to accommodate a wide range of cloud computing and data management services) would cut back on their infrastructure spending. However, the first quarter earnings season disproved that assumption. If anything, companies such as Inc. (NASDAQ: AMZN) and Microsoft Corp. (NASDAQ: MSFT) are increasing their infrastructure spending. Questions linger about the possibility of an infrastructure glut at some point in the future. But a market can't be oversupplied without the initial buildout. That's still taking place, and here are three semiconductor stocks that are well-positioned to grow significantly as revenue and earnings increase. Breaking Through the Data Movement Bottleneck Marvell Technology Inc. (NASDAQ: MRVL) makes application-specific integrated circuits (ASICs) that allow data to flow swiftly from one GPU to another. These ASICs are especially important in data center applications where the speed of data flow is paramount. Marvell takes this one step further because it provides custom ASICs for companies like Amazon and Microsoft that make their own AI chips but still need to outsource certain elements. The company's business is not going to garner the headlines that NVIDIA or AMD generate. But its products are every bit as essential to the growing demand for AI infrastructure. The company's data center contracts are important to stock price growth because it's a high-margin business. That's important as some lower margin aspects of the company's business are slowing down. MRVL stock is up 23% since it released its first-quarter earnings report for fiscal year 2026 in late May. It's still trading approximately 30% below the consensus analysts' price target of $96.33. Broadcom Is Paving the AI Infrastructure Highway Broadcom Inc. (NASDAQ: AVGO) is another semiconductor-adjacent play related to AI and cloud infrastructure. In fact, Broadcom is less focused on the cloud sector, but it is essential to AI infrastructure. Broadcom provides the highways allowing companies like Marvell to move data in a data center configuration. Specifically, Broadcom makes connectivity switches that allow GPUs to operate independently of one another. It also makes custom AI accelerators known as XPUs. These can outperform GPUs in some applications but should be thought of as complementary parts of an AI stack. Like most technology stocks, AVGO stock dropped sharply in the first quarter of the year. However, the stock has made up for that loss and more. In fact, it's trading at an all-time high (ATH), and analysts still see more upside ahead. What's particularly impressive about that is that the stock was at an all-time high before its earnings report, when it seemed priced for perfection. The stock dropped when the company's numbers were not as high as hoped, but it's since recovered and moved to a new high. AMD Is Starting to Close the Gap With NVIDIA In the initial data center buildout, NVIDIA has been the central focus for GPU developments, and rightfully so. Soon after launching its Hopper chip, the company also unveiled Blackwell. The company gobbled up market share and still has a commanding lead. But if investors are looking for a name that may close this gap its Advanced Micro Devices (NASDAQ: AMD). While it's presumptuous to suggest this will be a tortoise versus hare situation. AMD's slow and steady approach to its GPU development appears to be taking shape. The company recently launched its Instinct MI325X accelerator, which has a memory capacity larger than that of the NVIDIA H100 chip and is well-suited for large-language models (LLMs). This is an important release for AMD as it tries to capture NVIDIA's data center market share. Investors are taking notice, sending AMD stock more than 24% higher in the last 30 days. Analysts are also raising their price targets, which suggests more upside, particularly after the company's upcoming earnings in late July. Where Should You Invest $1,000 Right Now? Before you make your next trade, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list. They believe these five stocks are the five best companies for investors to buy now...

Why USA Rare Earth Stock Fell Today
Why USA Rare Earth Stock Fell Today

Globe and Mail

time31 minutes ago

  • Globe and Mail

Why USA Rare Earth Stock Fell Today

Shares of USA Rare Earth (NASDAQ: USAR) stock fell an unlucky 13% through 1:30 p.m. ET Friday. And why? Well, last night President Trump announced the signing of a trade deal with China, and this morning, China's Ministry of Commerce confirmed the news, stating its intention to "approve export applications for items subject to export control rules," as CNBC just reported. Good news is bad news for USA Rare Earth stock China's referring first and foremost to applications for the export of rare earth magnets. And the reason this is bad news for USA Rare Earth is that the company is itself trying to break into the rare earth biz, by mining, processing, and supplying rare earths extracted from a mine in Sierra Blanca, Texas. Any increase in cheap rare earth exports from China could torpedo USA Rare Earth's business model, which is really predicated on China not allowing rare earth exports, such that rare earth sourced from within the U.S. will be the only way U.S. companies can access the products at all. Is USA Rare Earth stock a sell? Still, a couple caveats are worth pointing out. First and foremost, USA Rare Earth -- which only formed in 2019 -- doesn't actually mine any rare earths itself... yet. The company has no revenue, operating profit, or free cash flow whatsoever. Its entire $40 million net profit over the past year came from the "gain on fair market value of financial instruments" it holds. As such, it doesn't really matter what China does (or doesn't do) until USA starts producing some rare earths of its own, and proves itself a viable business. Unless and until that happens, I consider the stock entirely speculative -- and probably a sell. Should you invest $1,000 in Usa Rare Earth right now? Before you buy stock in Usa Rare Earth, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Usa Rare Earth wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor 's total average return is1,048% — a market-crushing outperformance compared to175%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025

Tesla fails to end Florida lawsuit over fatal Model S crash
Tesla fails to end Florida lawsuit over fatal Model S crash

CTV News

time37 minutes ago

  • CTV News

Tesla fails to end Florida lawsuit over fatal Model S crash

New York — Tesla failed to persuade a federal judge to end a lawsuit over the death of a woman struck after an Autopilot-equipped Model S ran off the road in Key Largo, Florida, paving the way for a possible trial next month. U.S. District Judge Beth Bloom in Miami said the estate of Naibel Benavides Leon, and her former boyfriend Dillon Angulo, may pursue design defect and failure to warn claims against billionaire Elon Musk's automaker, and seek punitive damages. A July 14 trial is scheduled. Lawyers for Tesla and the plaintiffs did not immediately respond to requests for comment. Tesla, based in Austin, Texas, has long faced questions about the safety of its self-driving technology. It has said its features are meant for 'fully attentive' drivers holding the steering wheel, and the features do not make its vehicles autonomous. The lawsuit concerned an April 25, 2019 incident where George McGee drove his 2019 Model S at about 62 miles an hour through an intersection into the victims' parked Chevrolet Tahoe, which they were standing beside on a shoulder. McGee had reached down to pick up a cellphone he dropped on his car's floorboard, and allegedly received no alerts as he ran a stop sign and stop light before hitting the SUV, which struck the victims. Benavides Leon was allegedly thrown 75 feet to her death, while Angulo suffered serious injuries. In a 98-page decision, Bloom said the plaintiffs offered sufficient evidence that Autopilot defects were a 'substantial factor' in their injuries. While McGee, who is not a defendant, conceded he was not driving safely, that didn't automatically make him solely responsible, 'particularly given McGee's testimony that he expected Autopilot to avoid the collision,' the judge wrote. Bloom said the failure to warn claim survived in part because Autopilot's risks might be hard to extract from the owner's manual on Model S touchscreens. The judge also dismissed manufacturing defect and negligent misrepresentation claims. The case is Benavides v Tesla Inc., U.S. District Court, Southern District of Florida, No. 21-21940. (Reporting by Jonathan Stempel, Editing by William Maclean)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store