Amrize Stock Gains on First Trading Day
A Swiss building-materials company's spinoff of its North American operations offered a new way to invest in the construction business while largely avoiding the Trump administration's tariff threats to the industry.
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CNBC
26 minutes ago
- CNBC
CNBC Daily Open: The strange times of missiles-led 'peace'
It's a strange thought that launching attacks on other countries could lead to peace, but that seems to be the logic behind the abrupt escalation in conflict in the Middle East beginning Saturday. And now there's talk of a ceasefire soon. Here's a quick recap. On Saturday, U.S. President Donald Trump authorized air strikes on Iranian nuclear sites, pushing America into Israel's war with Tehran. On Sunday, Iran's Foreign Minister Abbas Araghchi said Tehran "reserves all options to defend its sovereignty, interest, and people." On Monday, Iran launched a retaliatory strike against America, targeting a U.S. military base in Qatar. And on Monday evening stateside, Trump announced a ceasefire. Trump said on Truth Social that Israel and Iran had agreed to a "Complete and Total CEASEFIRE" that will, in effect mark "an Official END to THE 12 DAY WAR" — which began when Israel attacked Iran on June 12. There are signs this isn't the usual empty rhetoric. Iran gave the U.S. "early notice" of its attack on the military base in Qatar, according to Trump. It was a "retaliation that was expected," Republican House Speaker Mike Johnson said. Qatar also received advanced warning from Iran, according to The New York Times, which cited three Iranian officials familiar with the matter. Iran's national security council said its missile strike "posed no threat whatsoever to our friendly and brotherly nation, Qatar, or its honorable people." This, essentially, is "the peace through strength strategy," Helima Croft, head of global commodity strategy at RBC Capital Markets, told CNBC. In other words, there's a small chance tensions in the Middle East might cool down following a carefully calibrated and symbolic exchange of strikes that projects strength from all parties, while also providing Iran an off-ramp to de-escalate tension. Judging by the U.S. stock and oil markets — which rose and fell, respectively — investors are indeed hopeful the strategy of missile-led peace would work. Trump announces an Israel-Iran ceasefireU.S. President Donald Trump announced on Truth Social that Israel and Iran had agreed to a "Complete and Total CEASEFIRE" that will begin around midnight Tuesday stateside. However, neither Iran nor Israel has publicly confirmed they have accepted Trump's ceasefire timeline. Read CNBC's live coverage of the latest developments on the Israel-Iran war here. Iran strikes U.S. military base in QatarIran on Monday launched what its armed forces called a "powerful and destructive missile strike on the United States' Al-Udeid military base in Qatar." The Al-Udeid Air Base is the largest American military installation in the Middle East, with around 10,000 service members. Qatar's Defense Ministry said its air defense had intercepted the missile attack on Al-Udeid, and that there were no reported deaths or injuries. Prices of oil post a huge dropOil prices fell sharply Monday after Iran's strike on Qatar had no reported casualties. U.S. crude oil fell 7.22%, to close at $68.51 per barrel, while global benchmark Brent shed 7.18% to $71.48 during U.S. trading. Trump on Monday demanded that "everyone" keep oil prices down or they would play "into the hands of the enemy." Trump didn't specify who he was referring to, but he seemed to be addressing U.S. oil producers. Markets in U.S. rise on de-escalation hopesU.S. stocks rose Monday as investors seemed hopeful of de-escalation in the Israel-Iran war. The S&P 500 climbed 0.96%, the Dow Jones Industrial Average added 0.89% and the Nasdaq Composite gained 0.94%. Tesla shares popped 8.2% after the company launched its robotaxis in Austin, Texas, on Sunday— but regulators are looking into reports of robotaxis driving erratically. Europe's Stoxx 600 index fell 0.28%. [PRO] Wall Street's thoughts on robotaxisWall Street closely watched Tesla's robotaxi launch in Texas over the weekend. Analyst outlooks on the event vary widely. While Wedbush's Dan Ives, who rode in the robotaxis over the weekend, said it "exceeded our expectations," Guggenheim's Ronald Jewsikow called the event "baby steps." Here's what analysts think about what the robotaxis mean for Tesla's stock. Airlines divert, cancel more Middle East flights after Iran attacks U.S. military base Airlines diverted more Middle East flights on Monday after Iran's armed forces said the country launched a missile strike on a U.S. military base in Qatar, as the region's military conflict continued to disrupt airlines' operations. Dubai-based Emirates said that some of its aircraft rerouted on Monday and told customers that delays or longer flights were possible as it would take "flight paths well distanced from conflict areas," while operating its schedule as planned. Air India said it had halted all flights in and out of the region and to and from the east coast of North America and Europe "until further notice." Earlier, major international airlines including Air France, Iberia, Finnair and others announced they would pause or further postpone a resumption of service to some destinations in the Middle East.
Wall Street Journal
26 minutes ago
- Wall Street Journal
Asian Currencies Mostly Strengthen Amid Mixed Developments
0114 GMT — Asian currencies mostly strengthen against the U.S. dollar in the morning session amid mixed developments. On the one hand, President Trump said Monday that Iran and Israel agreed to a cease-fire to begin following their final military operations. A possible cease-fire agreement could enhance the appeal of risky assets. On the other hand, Iran's Foreign Minister Abbas Araghchi said there was no agreement on a cease-fire or cessation of military operations. The minister's comments could dent hopes for a cease-fire agreement, damping risk appetite. USD/KRW falls 0.4% to 1,365.20 and AUD/USD rises 0.3% to 0.6480, LSEG data show. (
Yahoo
33 minutes ago
- Yahoo
Top Stock Reports for Amazon.com, Home Depot & Cisco Systems
Monday, June 23, 2025The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Inc. (AMZN), The Home Depot, Inc. (HD) and Cisco Systems, Inc. (CSCO), as well as two micro-cap stocks United Homes Group, Inc. (UHG) and The Eastern Company (EML). The Zacks microcap research is unique, as our research content on these small and under-the-radar companies is the only research of its type in the research reports have been hand-picked from the roughly 70 reports published by our analyst team can see all of today's research reports here >>>Ahead of Wall StreetThe daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens and attempts to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each can read today's AWS here >>> Pre-Markets Look Toward Sunny ClimesToday's Featured Research ReportsShares of have gained +12.7% over the past year against the Zacks Internet - Commerce industry's gain of +18.2%. The company's top line is driven by steady momentum in Prime and AWS. A strengthening AWS services portfolio and its growing adoption rate contributed well to AWS performance. Ultrafast delivery services and expanding content portfolio were beneficial. Strengthening relationships with third-party sellers was a positive. Robust advertising business contributed well. Amazon's expanding global presence, growing capabilities in grocery, pharmacy, healthcare and autonomous driving are key positives. Deepening focus on GenAI is a major plus. The Zacks analyst expects 2025 net sales to increase 8.5% from 2024. However, Amazon announced mixed guidance for the second quarter. High tariffs imposed by President Trump on goods imported from China have cast uncertainty on retailers such as Amazon. AMZN's free cash flow has decreased significantly.(You can read the full research report on here >>>)Home Depot's shares have outperformed the Zacks Retail - Home Furnishings industry over the past year (+2.2% vs. -2.5%). The company's performance is supported by strong execution across key growth initiatives. Home Depot continues to benefit from its progress in building an interconnected shopping experience, synergies from the SRS acquisition, expansion of its Pro ecosystem, strategic digital investments, and new store openings. These factors contributed to robust top-line growth in the first quarter of fiscal 2025, driven by increased engagement in Spring-related purchases and smaller-scale home improvement projects. However, HD faces softer demand in big-ticket discretionary categories, reflecting consumer caution amid high interest rates. Margin pressure, currency headwinds, and macroeconomic uncertainty also remain key risks. HD is also navigating a complex global trade environment, with rising tariffs.(You can read the full research report on Home Depot here >>>)Shares of Cisco Systems have outperformed the Zacks Computer - Networking industry over the past year (+44.7% vs. +43.5%). The company's business model has evolved with subscription revenues accounting for more than half of its total revenues. Increases in recurring revenue bases bodes well for investors. Its Splunk acquisition enhances the recurring revenue buyout significantly expands Cisco's portfolio of software-based solutions, contributing more than $4 billion in ARR and makes it one of the largest software companies in the world. The launch of AI-powered Hypershield, which combines security and networking, strengthened Cisco's security portfolio. However, it has been suffering from sluggish networking sales, primarily due to lackluster demand from telecommunication and cable services providers, as well as stiff competition. Cisco's prospects are further challenged in the AI-driven networking space due to stiffening competition.(You can read the full research report on Cisco Systems here >>>)United Homes' shares have underperformed the Zacks Real Estate - Development industry over the past year (-37.4% vs. -5.6%). This microcap company with a market capitalization of $193.97 million is facing challenges which include persistent margin pressure, declining orders and execution risk tied to unproven strategies. Despite this, shares trade at deep discounts, suggesting an upside if execution United Homes is executing a strategic transformation focused on margin expansion and operational efficiency. A shift toward refreshed home designs, now yielding 24% gross margins, supports profitability and reduces reliance on discounting. UHG's pre-sale strategy improves margin visibility and working capital efficiency while rebidding efforts and faster build cycles enhances cost control. Though volume and margin remain under pressure amid soft demand, UHG is expanding into high-growth Southeastern markets, with a land-light model supporting disciplined capital returns. The recent debt refinancing improves liquidity and reduces dilution risk.(You can read the full research report on United Homes here >>>)Shares of Eastern have underperformed the Zacks Security and Safety Services industry over the past year (-1.3% vs. +6.3%). This microcap company with market capitalization of $142.05 million has risks like elevated SG&A amid restructuring, cyclical reliance on Class 8 OEMs, weak R&D investment, and recent negative cash flow due to working capital drag. Valuation remains attractive at 0.62X EV/S and 6.88X EV/EBITDA versus peers. Nevertheless, Eastern Company's performance is driven by Velvac's market share gains and operational enhancements in the Class 8 truck segment, including vertical integration and aftermarket expansion. Despite industry softness, Eastern sustains profitability, posting Q1 2025 adjusted EBITDA of $4.6 million and net income of $2 million, with a gross margin of 22.4%. A leaner balance sheet and improved working capital reinforce financial flexibility. Strategic manufacturing footprints across the United States, Mexico, and China support tariff agility and local sourcing trends. Capital returns remain robust with a long-standing dividend and a new buyback program.(You can read the full research report on Eastern here >>>)Other noteworthy reports we are featuring today include Shell plc (SHEL), Quanta Services, Inc. (PWR) and Becton, Dickinson and Co. (BDX).Mark VickerySenior EditorNote: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Amazon (AMZN) Rides on Prime & AWS Amid Rising Competition Home Depot's (HD) Interconnected Strategy to Propel Sales Cisco (CSCO) Benefits From Strong Security Products Adoption Featured Reports Shell (SHEL) to Benefit from LNG Demand GrowthThe Zacks analyst believes that Shell's position as a major supplier of LNG should benefit its long-term cash flow growth but is worried over the underperformance of its Renewable segment. Resilient Business Plans Aid Quanta (PWR), Macro Risks HurtPer the Zacks analyst, Quanta is gaining from its effective restructuring efforts and resilient business model. However, ongoing macro headwinds and inflation risks are threats to its prospects. A Slew of Product Launches Aid BD (BDX) Amid Stiff CompetitionThe Zacks analyst is upbeat about BD's plethora of product launches in recent times despite operating in an increasingly complex and challenging medical technology marketplace. Dollar Tree (DLTR) Progresses Well on Store & Other EffortsPer the Zacks analyst, Dollar Tree is smoothly progressing on optimizing its store portfolio through store openings, renovations, re-banners and closings. This has been aiding its comps for a while. Customer Growth, Investment Aid Pinnacle West Capital (PNW)Per the Zacks analyst Pinnacle West is gaining from customer additions, which is creating demand. Investment in infrastructure and energy generation is aiding it to serve customers efficiently. Solid Growth of Digital Platform Aids Western Union (WU)Per the Zacks Analyst, Western Union's digital platform delivers accelerated money transfer services amid growing demand. However, high leverage remains a concern. Tingari Buyout Aids ManpowerGroup (MAN), Competition HighPer the Zacks Analyst, the acquisition of Tingari will support ManpowerGroup's objective to achieve full employment in France. Rising competition is an overhang. New Upgrades Rising Defense Budgets, Expansion Efforts Aid Allison (ALSN)Per the Zacks analyst, Allison is well-positioned to benefit from rising global defense budgets. Expansion of the global service network into Japan and West Africa also augurs well. Qualys (QLYS) Rides on Product Strength, Marketing EffortsPer the Zacks analyst, Qualys benefits from expanding product capabilities, which helps it gain customers. Increasing marketing efforts are also an upside. Xifaxan Boosts Bausch (BHC), Huge Debt Levels a ConcernPer the Zacks analyst, Bausch maintains momentum on strong growth of Xifaxan and new drug approvals. However, the colossal debt level and delay in separation of eye health business is a headwind. nn New Downgrades Akamai (AKAM) Plagued by Demand Softness, Geopolitical UnrestPer the Zacks analyst, weakness in the delivery segment will likely hinder Akamai's top line. Growing geopolitical unrest in Europe and the Middle East can disrupt its operations. Mounting Expenses Irk Bruker (BRKR) Amid Tough CompetitionThe Zacks analyst is worried about Bruker's escalating expenses that are putting pressure on the company's bottom line. Also, industry wide intense competition could adversely affect its performance. High Costs & Regulatory Scrutiny to Hurt Ares Capital (ARCC)Per the Zacks analyst, a persistent increase in expenses driven by expansion efforts and excessive regulatory constraints and lower foreign investment income will hurt Ares Capital's financials. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Quanta Services, Inc. (PWR) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report Becton, Dickinson and Company (BDX) : Free Stock Analysis Report The Home Depot, Inc. (HD) : Free Stock Analysis Report Eastern Company (The) (EML): Free Stock Analysis Report Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report United Homes Group, Inc. (UHG): Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
