Stock Movers: Intel, Bullish, Tapestry

3 days ago

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Matt Miller, Katie Greifeld, Carol Massar and Tim Stenovec. - Intel (INTC) shares jumped on reports the Trump administration is in talks to have the US government potentially take a stake in the beleaguered chipmaker, according to people familiar with the plan, in the latest sign of the White House's willingness to blur the lines between state and industry. The deal would help shore up Intel's planned factory hub in Ohio, said the people, who asked not to be identified because the deliberations are private. The company had once promised to turn that site into the world's largest chipmaking facility, though it's been repeatedly delayed. The size of the potential stake isn't clear. The plans stem from a meeting this week between President Donald Trump and Intel Chief Executive Officer Lip-Bu Tan, the people said. While the details are still being sorted, the idea is for the US government to pay for the stake, one of the people said. Another cautioned that the plans remain fluid. - Bullish (BLSH) shares still climbed on its second day of trading. Bullish, which counts former New York Stock Exchange president Tom Farley as its Chief Executive Officer, offers crypto spot trading, margin trading and derivatives trading, with a focus on institutional investors, the filings show. Its margin and derivatives products aren't currently available in the US or to US users. - Tapestry (TPR) shares tumbled the most intraday since March 2020, after the owner of Coach and Kate Spade forecast adjusted earnings per share for 2026 that fell short of Wall Street's high expectations. Shares have climbed 69% from April 9 to Wednesday's close.

Hashtags

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Here's The Share of Gold or Crypto Ray Dalio Says Investors Should Hold

Yahoo

26 minutes ago

Yahoo

Here's The Share of Gold or Crypto Ray Dalio Says Investors Should Hold

In light of the United States' precarious fiscal situation, Ray Dalio, the founder of Bridgewater Associates, has advised investors to consider dedicating approximately 15% of their portfolio to either gold or Bitcoin. What Happened: In a recent interview, Dalio expressed his apprehension about a looming US debt crisis. He pointed out that the US dollar is being undermined due to excessive borrowing and deficit spending, leading to currency debasement. 'If you were neutral on everything and optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin,' Dalio stated. Dalio also emphasized the need for effective diversification in a portfolio, recommending allocating about 15% as a protective hedge. During the discussion, he clarified that although he has a preference for gold over Bitcoin, the real economic issue is the devaluation of fiat money, which is currently affecting markets and investors. Also Read: Ray Dalio Shares Crucial Investment Advice for Those Who Want to Invest Well While some financial experts advocate for a higher allocation towards crypto, Dalio's balanced approach aligns with his brand. Dalio's recommendation comes at a time when the US is grappling with a burgeoning debt crisis. The rapid borrowing and deficit spending by the government are causing a devaluation of the US dollar, which is impacting markets and investors. By suggesting a 15% portfolio allocation to gold or bitcoin, Dalio is offering a potential solution for investors to safeguard their investments against the devaluation of fiat money. While some experts suggest a higher allocation to crypto, Dalio's measured approach provides a balanced perspective. It offers investors a solid foundation to profit in unexpected circumstances, thereby mitigating the risks associated with the current economic situation. Read Next Ray Dalio's Timeless Stock Market Advice: 'Don't Try to Time the Market Yourself Because You'll Probably Lose' Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Here's The Share of Gold or Crypto Ray Dalio Says Investors Should Hold originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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

Reddit (RDDT) Shares Soar 128% Over Last Quarter

Yahoo

26 minutes ago

Yahoo

Reddit (RDDT) Shares Soar 128% Over Last Quarter

Reddit achieved a remarkable turnaround with its share price soaring 128% over the last quarter, buoyed by unexpected positive earnings where sales surged to $499 million, marking a sharp contrast to prior-year losses. This upswing occurred during a period of broader market gains—the market was up 17% year-over-year—with Reddit also having been added to multiple indices, potentially enhancing its market visibility. Despite facing a class action lawsuit over alleged misleading statements on Google's AI impacts, the company maintained robust earnings guidance, suggesting potential resilience amidst market volatility. Buy, Hold or Sell Reddit? View our complete analysis and fair value estimate and you decide. We've found 19 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The recent news about Reddit's impressive quarterly share price increase of 128% is a significant factor in their broader narrative of international expansion and user-generated content. This price rise suggests strong investor confidence, despite ongoing legal challenges. Over the past year, Reddit's total return was very large at 348.83%, showcasing a robust performance compared to the US Interactive Media and Services industry's 34.5% return over the same period. This indicates Reddit's outperformance relative to both its industry and the broader market, which returned 17% in the last year. This context underscores Reddit's potential to remain competitive and capture further market share through increasing engagement and ad revenue growth. Looking at revenue and earnings forecasts, Reddit's latest earnings surge to US$499 million suggests potential upward revisions in analyst forecasts could materialize if the company continues to leverage its global user base. However, moderation risks and digital ad dependency may remain pressures on sustained growth. With Reddit's current share price at US$246.50, the analyst consensus price target is US$195.96, reflecting a 20.5% expected decline, indicating potential volatility and market skepticism regarding future valuation at the present PE ratio. Nonetheless, Reddit's profitability and revenue trajectory provide foundational support for evaluating long-term growth considerations. Take a closer look at Reddit's potential here in our financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include RDDT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

CNN

an hour ago

On GPS: Will AI save the economy?

Massive spending on artificial intelligence is propping up the US economy. So will AI save us, or is it a bubble waiting to pop? Fareed speaks with journalist Derek Thompson, co-author of the bestseller "Abundance."