Latest news with #123RFStockPhoto
Yahoo
6 days ago
- Business
- Yahoo
GE Vernova (GEV) Rallies 14.6% to New Record High on Strong H1 Earnings
We recently published . GE Vernova Inc. (NYSE:GEV) is one of the biggest performers on Wednesday. GE Vernova surged to a new all-time high on Wednesday as investors cheered its higher revenue outlook for the year amid a strong earnings performance in the first half. At intra-day trading, GE Vernova Inc. (NYSE:GEV) jumped to a new 52-week high of $633.72 before paring gains to finish the day at $629.03 apiece, bolstered by its revenue outlook upgrade for the full year to between $36 billion and $37 billion—or the high-end range of its previous guidance. Adjusted EBITDA margin was also expected to grow between 8 and 9 percent at high single digits. In the second quarter of the year, GE Vernova Inc. (NYSE:GEV) posted an 11-percent increase in revenues at $9.1 billion versus $8.2 billion in the same period last year, pushing its six-month revenue higher by 11 percent to $17.1 billion from $15.46 billion. Copyright: believeinme33 / 123RF Stock Photo Net income for the quarter, however, dropped by 61 percent to only $492 million from $1.28 billion year-on-year, while net profit for the first half dropped by 35.6 percent to $756 million from $1.174 billion year-on-year. While we acknowledge the potential of GEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . 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
Yahoo
6 days ago
- Business
- Yahoo
Barclays Raises PT on Vale S.A. (VALE) from $12.75 to $13; Maintains ‘Overweight' Rating
Vale S.A. (NYSE:VALE) has attracted significant hedge fund interest, making it one of the . Copyright: tomas1111 / 123RF Stock Photo On July 2, 2025, Barclays increased its price target on Vale S.A. (NYSE:VALE) from $12.75 to $13, maintaining an 'Overweight' rating. The analyst's optimism stems from favorable market conditions for miners, marked by potential price increases for copper, stable iron ore market, and a weakening U.S. dollar. Meanwhile, expectations of interest rate cuts beginning September 2025 further drove the analyst's optimism. Based on data, a 78% probability was set for a 25-basis-point cut in July 2025, which has yet to materialize. At the same time, with the same probability, a 75-basis-point cut is expected for the calendar year. With its Iron Solutions segment, Vale S.A. (NYSE:VALE) is engaged in the production and sale of iron ore and iron ore pellets. Meanwhile, its Energy Transition Materials segment is engaged in the production of nickel and its by-products. It is included in our list of the Best Material Stocks. While we acknowledge the potential of VALE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and Top 10 AI Infrastructure Stocks to Buy Now. Disclosure: None. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
JPMorgan and Morgan Stanley Raise their PT on Teck Resources Limited (TECK)
Due to strong hedge fund interest, Teck Resources Limited (NYSE:TECK) is among the . Copyright: tomas1111 / 123RF Stock Photo The analyst outlook remains mixed ahead of its Q2 earnings report that Teck Resources Limited (NYSE:TECK) is expected to release on July 24, 2025. For Q2 ended June 30, 2025, analysts expect a decline in the company's EPS and revenue by roughly 63% and 43%, respectively. Citing higher copper prices and improved recession risks, JPMorgan, on July 9, 2025, increased its price target on Teck Resources Limited (NYSE:TECK) from $41 to $44, maintaining an 'Outperform' rating. Meanwhile, Morgan Stanley increased its price target on Teck Resources Limited (NYSE:TECK) from $42 to $44; however, it downgraded the company's stock from 'Overweight' to 'Equal Weight' on July 15, 2025, citing the less compelling risk/reward dynamics in copper equities at the moment, following outperformance since April 2025. Across Asia, the Americas, and Europe, Teck Resources Limited (NYSE:TECK) operates mineral properties, focusing on copper, zinc, and lead concentrates, as well as refined zinc, lead, and silver. It is included in our list of the Best Material Stocks. While we acknowledge the potential of TECK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 11 Best Mineral Stocks to Buy According to Hedge Funds. Disclosure: None.
Yahoo
6 days ago
- Business
- Yahoo
Morgan Stanley, UBS, and JPMorgan Raise their PT on Freeport-McMoRan Inc. (FCX)
Due to strong hedge fund interest, Freeport-McMoRan Inc. (NYSE:FCX) is among the . Copyright: tomas1111 / 123RF Stock Photo Several analysts have raised their price target on Freeport-McMoRan Inc. (NYSE:FCX), amid a mixed outlook for copper. On July 15, 2025, Morgan Stanley increased its price target on FCX from $45 to $54. However, it downgraded its rating from 'Equal Weight' to 'Overweight'. The analyst attributed the downgrade to a weaker outlook on copper equities following their recent outperformance over the past few months. Meanwhile, on July 11, 2025, UBS downgraded Freeport-McMoRan Inc. (NYSE:FCX) from 'Buy' to 'Neutral' and raised its price target from $45 to $50. The analyst expects demand to soften in the near future, with fundamentals potentially driving prices down over the next six months. Furthermore, on July 9, 2025, JPMorgan, maintaining an 'Overweight' rating on Freeport-McMoRan Inc. (NYSE:FCX), increased its price target from $42 to $56, citing higher copper price targets and easing recession risk. Headquartered in Phoenix, Arizona, Freeport-McMoRan Inc. (NYSE:FCX) runs mineral mining operations in North America, South America, and Indonesia, exploring for copper, gold, molybdenum, silver, and other metals. It is included in our list of the Best Material Stocks. While we acknowledge the potential of FCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 11 Best Mineral Stocks to Buy According to Hedge Funds. Disclosure: None. 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
Yahoo
25-06-2025
- Business
- Yahoo
UBS Maintains Price Target on Starbucks (SBUX), Sees China Strategy Shift Ahead
Starbucks Corporation (NASDAQ:SBUX) ranks among the top stocks for an early retirement portfolio. On June 18, UBS maintained its $95 price target and Neutral rating on Starbucks Corporation (NASDAQ:SBUX), pointing to the company's China business's projected progress through fiscal year 2026. Copyright: buschmen / 123RF Stock Photo According to the investment firm, Starbucks Corporation (NASDAQ:SBUX) is still under pressure from local competitors and declining customer spending in China. With almost 8,000 outlets already open, the nation ranks as the company's second-largest market worldwide. Starbucks Corporation (NASDAQ:SBUX) is expected to seek a partnership in China, possibly selling a portion of its operations there, according to UBS. A move like this would boost regional growth by drawing in local expertise, fresh connections, and more targeted marketing resources. Starbucks Corporation (NASDAQ:SBUX) is an American multinational chain of coffee shops and roastery reserves with operations in more than 80 countries. It is well-known for its roasted whole beans and ground coffees, ready-to-drink beverages, and range of food products. While we acknowledge the potential of SBUX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. 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
