Latest news with #ChrisZaccarelli
Yahoo
4 days ago
- Business
- Yahoo
Unemployment claims rise to highest level in 8 months, signaling slowdown
Initial claims for U.S. unemployment benefits last week rose to their highest level in eight months, a sign the labor market might be losing steam as concerns over tariffs take hold of U.S. businesses and consumers. New applications for jobless benefits in the week ending May 31 reached 247,000, up 8,000 from the week prior, data from the Labor Department shows. The figure exceeded economists' predictions of 235,000 claims, according to financial data firm FactSet. Overall filings for unemployment claims remain at historic lows. The total number of Americans receiving unemployment benefits for the week of May 24 was 1.9 million, down 3,000 from the week prior. Still, the uptick in initial jobless claims last week is "hard to dismiss," Oliver Allen, senior U.S. economist at Pantheon Macroeconomics, said, as the climb could point to broader shifts in the workforce ahead of the May jobs report, to be released tomorrow. "Moreover, a relatively weak hiring rate means that the share of newly unemployed workers who are struggling to find a new job quickly is slowly creeping up, too," he said in an email note. "The further downward pressure on hiring from tariff-related uncertainty will add to these growing strains on the jobs market." Jobless claims have mostly floated between 200,000 to 250,000 since the COVID-19 pandemic in 2020 upended the labor market. "Jobless claims continue to rise, but they are rising at a slow pace, so it's a trend worth watching, but too soon to sound the alarm," said Chris Zaccarelli, chief investment officer for Northlight Asset Management. Firings overseen by the Trump Administration's Department of Government Efficiency, commonly known as DOGE, are the leading cause of job cuts in 2025, with over 280,000 federal workers abruptly terminated from jobs so far this year, according to outplacement firm Challenger, Gray & Christmas. Other signs of potential slowdown A national employment report released yesterday by ADP, a payroll and human resources software provider, found that the U.S. economy added 37,000 jobs in May, the lowest pace of hiring since May 2023. "After a strong start to the year, hiring is losing momentum," said Nela Richardson, chief economist at ADP, in a statement Wednesday. Another sign of a cooling labor market: The number of Americans who quit their jobs fell in April, while layoffs climbed, according to the most recent data from the U.S. Bureau of Labor Statistics. That's despite the fact job openings for the month increased, reaching 7.4 million in April. Layoffs at large U.S. companies Several major companies have revealed layoffs this year including Walmart, which announced in late May that it was reducing 1,500 employees from its global tech workforce in a bid to increase efficiency rapidly evolving technological advances. On Thursday, Consumer goods retailer Procter & Gamble, the company behind many major household brands including Tide detergent, Bounty paper towels and Pampers diapers, announced this week that it would cut 7,000 employees from its workforce over the next two years, as it competes in an "increasingly challenging environment." Workday, Dow, CNN, Starbucks, Southwest Airlines, Walt Disney Co., Microsoft and Facebook parent company Meta have also announced layoffs this year. While job cuts by U.S.-based employees were down 12% in May from the previous month, according to new data from Challenger, Gray & Christmas, they are up 47% from the same month last year. "Tariffs, funding cuts, consumer spending and overall economic pessimism are putting intense pressure on companies' workforces," said Andrew Challenger, senior vice president of the outplacement firm. Many companies have lowered their sales and profit expectations for 2025 in their recent earnings statements. And consumer confidence remains shaky, despite some signs of relief. The Labor Department is expected to report Friday that employers added 130,000 jobs last month, down from 177,000 in April. The unemployment rate is expected to stay at a low 4.2%, according to a survey of forecasters by the data firm FactSet. Sneak peek: Where is Jermain Charlo? What to know about President Trump's travel ban on nationals from 12 countries Hegseth orders Navy to rename USNS Harvey Milk, Jeffries calls it "a complete and total disgrace"
Yahoo
14-05-2025
- Business
- Yahoo
Stanley Black & Decker, Inc. (SWK): Among the Stocks Analysts Are Upgrading Today
We recently compiled a list of the . In this article, we are going to take a look at where Stanley Black & Decker, Inc. (NYSE:SWK) stands against the other stocks analysts are upgrading today. The easing of the US-China trade war is the catalyst driving equity markets higher after weeks of heightened volatility. Major US indices are once again back into positive territory after recouping all the losses accrued in the aftermath of the U.S. waging a ferocious trade war in the race to settle a long-running trade deficit. 'And just like that, the markets' twin fears — a tariff-induced recession and sticky inflation — have been greatly assuaged,' said Chris Zaccarelli, chief investment officer at Northlight Asset Management. 'We're still concerned that high valuations and market concentration remain risks to much higher stock prices this year, but in the short run, markets should love this data and continue yesterday's (China-trade) celebration.' The Magnificent Seven club members added over $800 billion in market value in the aftermath of the U.S. and China pausing most tariffs on each other's goods. As trade tensions between the two greatest economies in the world threatened to disrupt supply chains and harm some of the top U.S. enterprises, technology equities, including semiconductor companies and smartphone manufacturers, were impacted significantly. However, after negotiations between the United States and China resulted in a brief halt to "reciprocal" duties, investors exhaled with relief. A 90-day tariff delay agreed to by the United States and China relieved Wall Street. 'With US/China clearly on an accelerated path for a broader deal we believe new highs for the market and tech stocks are now on the table in 2025 as investors will likely focus on the next steps in these trade discussions which will happen over the coming months. This morning is a huge win for the bulls and a best case scenario post this weekend in our view,' Daniel Ives, global head of technology research at Wedbush Securities, said in a note on Monday. Adding to the gains following tariff relief was softer-than-expected inflation data that affirmed the case for a Federal Reserve interest rate cut in June. In April, the consumer price index, a broad indicator of the expenses of goods and services across the U.S. economy, rose 2.3% annually. According to a Dow Jones poll of economists, last month's inflation rate was projected to stay at 2.4% year over year. The much lower inflation level amid a waging tariff war has heightened the case for the U.S. central bank to cut rates, which works in favor of equities. Consequently, analysts on Wall Street have been aggressive in upgrading stocks initially battered by concerns of the long-term impact of a vicious U.S.-China trade war. With the 90-day truce, awaiting further negotiations, analysts expect heightened trading activities between the two nations, which is a positive for business. We sifted through financial media reports to compile a list of 10 stocks analysts are upgrading today, on May 13. We then settled on the top 10 stocks that have received an analyst upgrade and ranked them in ascending order based on their average upside potential. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A toolbox filled with an array of different tools, representing the professional products of the Black & Decker, Inc. (NYSE:SWK) provides hand tools, power tools, outdoor products, and related accessories for professional and consumer applications. It offers professional-grade corded and cordless electric power tools and equipment, including drills, impact wrenches, and drivers. Barclay's analyst Julian Mitchell upgraded the stock to an 'Overweight' from 'Equal Weight' and hiked the price target to $90 from $69. The upgrade includes revising the company's earnings per share estimate to affirm a more optimistic outlook. Barclays expects Stanley Black and Decker to post an EPS of $5.76 in 2025, higher than the consensus estimate of $5.64 for fiscal 2025. The firm hiked the EPs estimate on expectations that the company will benefit from the improving US-China trade relations following the easing of trade tariffs. According to Barclays, improving trade relations between the US and China should trigger organic sales growth of 4% and an adjusted operating margin expansion of over 100 basis points. Stanley Black and Decker had initially warned that it would have to raise prices of its tools as a mitigation against Trump's tariffs. The company also expected the tariff war to affect its EPS by about 75 cents. However, with the Trump administration reaching a 90-day truce, Stanley Black & Decker, Inc.'s (NYSE:SWK) outlook has been boosted. Overall SWK ranks 2nd on our list of the stocks analysts are upgrading today. While we acknowledge the potential of SWK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SWK but that trades at less than 5 times its earnings check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
14-05-2025
- Business
- Yahoo
Antero Resources Corporation (AR): Among the Stocks Analysts Are Upgrading Today
We recently compiled a list of the . In this article, we are going to take a look at where Antero Resources Corporation (NYSE:AR) stands against the other stocks analysts are upgrading today. The easing of the US-China trade war is the catalyst driving equity markets higher after weeks of heightened volatility. Major US indices are once again back into positive territory after recouping all the losses accrued in the aftermath of the U.S. waging a ferocious trade war in the race to settle a long-running trade deficit. 'And just like that, the markets' twin fears — a tariff-induced recession and sticky inflation — have been greatly assuaged,' said Chris Zaccarelli, chief investment officer at Northlight Asset Management. 'We're still concerned that high valuations and market concentration remain risks to much higher stock prices this year, but in the short run, markets should love this data and continue yesterday's (China-trade) celebration.' The Magnificent Seven club members added over $800 billion in market value in the aftermath of the U.S. and China pausing most tariffs on each other's goods. As trade tensions between the two greatest economies in the world threatened to disrupt supply chains and harm some of the top U.S. enterprises, technology equities, including semiconductor companies and smartphone manufacturers, were impacted significantly. However, after negotiations between the United States and China resulted in a brief halt to "reciprocal" duties, investors exhaled with relief. A 90-day tariff delay agreed to by the United States and China relieved Wall Street. 'With US/China clearly on an accelerated path for a broader deal we believe new highs for the market and tech stocks are now on the table in 2025 as investors will likely focus on the next steps in these trade discussions which will happen over the coming months. This morning is a huge win for the bulls and a best case scenario post this weekend in our view,' Daniel Ives, global head of technology research at Wedbush Securities, said in a note on Monday. Adding to the gains following tariff relief was softer-than-expected inflation data that affirmed the case for a Federal Reserve interest rate cut in June. In April, the consumer price index, a broad indicator of the expenses of goods and services across the U.S. economy, rose 2.3% annually. According to a Dow Jones poll of economists, last month's inflation rate was projected to stay at 2.4% year over year. The much lower inflation level amid a waging tariff war has heightened the case for the U.S. central bank to cut rates, which works in favor of equities. Consequently, analysts on Wall Street have been aggressive in upgrading stocks initially battered by concerns of the long-term impact of a vicious U.S.-China trade war. With the 90-day truce, awaiting further negotiations, analysts expect heightened trading activities between the two nations, which is a positive for business. We sifted through financial media reports to compile a list of 10 stocks analysts are upgrading today, on May 13. We then settled on the top 10 stocks that have received an analyst upgrade and ranked them in ascending order based on their average upside potential. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A fleet of tanker trucks transporting oil and natural gas, amidst the backdrop of open Resources Corporation (NYSE:AR) is an independent oil and natural gas Company that develops, produces, explores, and acquires natural gas, natural gas liquids (NGLs), and oil properties. The stock has continued outperforming the overall sector despite oil prices plunging to multi-year lows. Likewise, analysts at Mizuho have upgraded Antero Resources Corporation (NYSE:AR) from a 'Neutral' to an 'Outperform' and hiked the price target to $49 from $47. The upgrade comes as the company delivered solid first-quarter 2025 results and adjusted its integrated oil models. Net income totaled $208 million and adjusted net income rose to $247 million. Adjusted EBITDAX surged 110% to $549 million, and operating cash flow climbed 75% to $458 million. Even though the analyst firm expects a significant decline in oil prices, it also projects a significant improvement in gas and refining fundamentals, which should benefit Antero Resources over the next year. Mizuho has also raised its gas forecast for the US by 15%, convinced of an undersupplied market which should benefit Antero Resources Corporation (NYSE:AR). Additionally, the firm projects enhanced refining fundamentals given the tight inventory. Antero Resources also returned value to shareholders, repurchasing 2.7 million shares for $92 million. Overall AR ranks 3rd on our list of the stocks analysts are upgrading today. While we acknowledge the potential of AR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AR but that trades at less than 5 times its earnings check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at .
Yahoo
14-05-2025
- Business
- Yahoo
Ryan Specialty Holdings, Inc. (RYAN): Among the Stocks Analysts Are Upgrading Today
We recently compiled a list of the . In this article, we are going to take a look at where Ryan Specialty Holdings, Inc. (NYSE:RYAN) stands against the other stocks analysts are upgrading today. The easing of the US-China trade war is the catalyst driving equity markets higher after weeks of heightened volatility. Major US indices are once again back into positive territory after recouping all the losses accrued in the aftermath of the U.S. waging a ferocious trade war in the race to settle a long-running trade deficit. 'And just like that, the markets' twin fears — a tariff-induced recession and sticky inflation — have been greatly assuaged,' said Chris Zaccarelli, chief investment officer at Northlight Asset Management. 'We're still concerned that high valuations and market concentration remain risks to much higher stock prices this year, but in the short run, markets should love this data and continue yesterday's (China-trade) celebration.' The Magnificent Seven club members added over $800 billion in market value in the aftermath of the U.S. and China pausing most tariffs on each other's goods. As trade tensions between the two greatest economies in the world threatened to disrupt supply chains and harm some of the top U.S. enterprises, technology equities, including semiconductor companies and smartphone manufacturers, were impacted significantly. However, after negotiations between the United States and China resulted in a brief halt to "reciprocal" duties, investors exhaled with relief. A 90-day tariff delay agreed to by the United States and China relieved Wall Street. 'With US/China clearly on an accelerated path for a broader deal we believe new highs for the market and tech stocks are now on the table in 2025 as investors will likely focus on the next steps in these trade discussions which will happen over the coming months. This morning is a huge win for the bulls and a best case scenario post this weekend in our view,' Daniel Ives, global head of technology research at Wedbush Securities, said in a note on Monday. Adding to the gains following tariff relief was softer-than-expected inflation data that affirmed the case for a Federal Reserve interest rate cut in June. In April, the consumer price index, a broad indicator of the expenses of goods and services across the U.S. economy, rose 2.3% annually. According to a Dow Jones poll of economists, last month's inflation rate was projected to stay at 2.4% year over year. The much lower inflation level amid a waging tariff war has heightened the case for the U.S. central bank to cut rates, which works in favor of equities. Consequently, analysts on Wall Street have been aggressive in upgrading stocks initially battered by concerns of the long-term impact of a vicious U.S.-China trade war. With the 90-day truce, awaiting further negotiations, analysts expect heightened trading activities between the two nations, which is a positive for business. We sifted through financial media reports to compile a list of 10 stocks analysts are upgrading today, on May 13. We then settled on the top 10 stocks that have received an analyst upgrade and ranked them in ascending order based on their average upside potential. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A portrait of a professional insurance broker at their desk, reviewing a Specialty Holdings, Inc. (NYSE:RYAN) provides specialty products and solutions for insurance brokers, agents, and carriers. It offers distribution, underwriting, product development, administration, and risk management services as a wholesale broker and a managing underwriter. Goldman Sachs upgraded Ryan Specialty Holdings, Inc. (NYSE:RYAN) from a 'Neutral' to a 'Buy' on growing optimism about its organic growth prospects, revenue expansion, and margin improvement. In addition, the investment bank hiked the price target to $81 from $74, citing the company's track record in outperforming peers on growth and profitability. Ryan Specialty Holdings, Inc. (NYSE:RYAN) boasts a 22.53% revenue growth over the last 12 months and a compounded annual growth rate of 26% over the last five years. The company delivered better-than-expected first-quarter 2025 results as earnings aligned with estimates of $0.39. Revenue totaled $690.2 million against $683.94 million expected. Overall RYAN ranks 4th on our list of the stocks analysts are upgrading today. While we acknowledge the potential of RYAN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RYAN but that trades at less than 5 times its earnings check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . 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
14-05-2025
- Business
- Yahoo
Ryan Specialty Holdings, Inc. (RYAN): Among the Stocks Analysts Are Upgrading Today
We recently compiled a list of the . In this article, we are going to take a look at where Ryan Specialty Holdings, Inc. (NYSE:RYAN) stands against the other stocks analysts are upgrading today. The easing of the US-China trade war is the catalyst driving equity markets higher after weeks of heightened volatility. Major US indices are once again back into positive territory after recouping all the losses accrued in the aftermath of the U.S. waging a ferocious trade war in the race to settle a long-running trade deficit. 'And just like that, the markets' twin fears — a tariff-induced recession and sticky inflation — have been greatly assuaged,' said Chris Zaccarelli, chief investment officer at Northlight Asset Management. 'We're still concerned that high valuations and market concentration remain risks to much higher stock prices this year, but in the short run, markets should love this data and continue yesterday's (China-trade) celebration.' The Magnificent Seven club members added over $800 billion in market value in the aftermath of the U.S. and China pausing most tariffs on each other's goods. As trade tensions between the two greatest economies in the world threatened to disrupt supply chains and harm some of the top U.S. enterprises, technology equities, including semiconductor companies and smartphone manufacturers, were impacted significantly. However, after negotiations between the United States and China resulted in a brief halt to "reciprocal" duties, investors exhaled with relief. A 90-day tariff delay agreed to by the United States and China relieved Wall Street. 'With US/China clearly on an accelerated path for a broader deal we believe new highs for the market and tech stocks are now on the table in 2025 as investors will likely focus on the next steps in these trade discussions which will happen over the coming months. This morning is a huge win for the bulls and a best case scenario post this weekend in our view,' Daniel Ives, global head of technology research at Wedbush Securities, said in a note on Monday. Adding to the gains following tariff relief was softer-than-expected inflation data that affirmed the case for a Federal Reserve interest rate cut in June. In April, the consumer price index, a broad indicator of the expenses of goods and services across the U.S. economy, rose 2.3% annually. According to a Dow Jones poll of economists, last month's inflation rate was projected to stay at 2.4% year over year. The much lower inflation level amid a waging tariff war has heightened the case for the U.S. central bank to cut rates, which works in favor of equities. Consequently, analysts on Wall Street have been aggressive in upgrading stocks initially battered by concerns of the long-term impact of a vicious U.S.-China trade war. With the 90-day truce, awaiting further negotiations, analysts expect heightened trading activities between the two nations, which is a positive for business. We sifted through financial media reports to compile a list of 10 stocks analysts are upgrading today, on May 13. We then settled on the top 10 stocks that have received an analyst upgrade and ranked them in ascending order based on their average upside potential. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A portrait of a professional insurance broker at their desk, reviewing a Specialty Holdings, Inc. (NYSE:RYAN) provides specialty products and solutions for insurance brokers, agents, and carriers. It offers distribution, underwriting, product development, administration, and risk management services as a wholesale broker and a managing underwriter. Goldman Sachs upgraded Ryan Specialty Holdings, Inc. (NYSE:RYAN) from a 'Neutral' to a 'Buy' on growing optimism about its organic growth prospects, revenue expansion, and margin improvement. In addition, the investment bank hiked the price target to $81 from $74, citing the company's track record in outperforming peers on growth and profitability. Ryan Specialty Holdings, Inc. (NYSE:RYAN) boasts a 22.53% revenue growth over the last 12 months and a compounded annual growth rate of 26% over the last five years. The company delivered better-than-expected first-quarter 2025 results as earnings aligned with estimates of $0.39. Revenue totaled $690.2 million against $683.94 million expected. Overall RYAN ranks 4th on our list of the stocks analysts are upgrading today. While we acknowledge the potential of RYAN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RYAN but that trades at less than 5 times its earnings check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at .
