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Wall Street Journal
12 hours ago
- Business
- Wall Street Journal
Australia Shares Set for Uncertain Start
2229 GMT – Australia's S&P/ASX 200 looks set for an uncertain start to Thursday's session after U.S. indices finished mixed. ASX futures are down by less than 0.1% ahead of the open, suggesting that the benchmark index may struggle to make the 0.2% gain it needs to close at a record. The ASX 200 has rebounded more than 15% from its tariff-driven April dip and is coming off a 0.9% rise. In the U.S., bonds rallied and stocks were mixed as weak economic data boosted confidence of Fed rate cuts over coming months. The DJIA slipped 0.2%, the S&P 500 added less than 0.1%, and the Nasdaq Composite rose 0.3%. (
Business Insider
28-05-2025
- Business
- Business Insider
Is Coca-Cola Stock (KO) a Buy In 2025?
Coca-Cola (KO) stock is a top performer in the consumer defensive segment. This may have some investors wondering if the soda stock is worth buying as inflation, tariffs, and other economic concerns weigh on the market. Confident Investing Starts Here: The good news for Coca-Cola shareholders is that the company's stock has managed to avoid falling due to market pressure. That's resulted in a 16.02% increase for KO stock year-to-date. For perspective, the S&P 500 (SPX) has dropped 1.34%, the Dow Jones Industrial Average (DJIA) has fallen 2.21%, and the Nasdaq 100 (NDX) has decreased 0.46% since the start of the year. KO stock has taken a break from its 2025 rally today, with the shares down 0.11% as of this writing. Investors might consider buying the stock on the dip, or waiting for a larger one before taking a stake in the beverage company. Recent KO Stock Analyst Coverage The strong 2025 performance of Coca-Cola stock has attracted recent bullish coverage from analysts. That includes Evercore ISI analyst Robert Ottenstein, who reiterated a Buy rating and $80 price target for KO stock, suggesting a potential 11.53% upside for the shares. Ottenstein isn't even the most bullish analyst that has covered KO stock in 2025. The high forecast for the shares is $86, implying a possible 19.89% upside. On the flip side, the most bearish price target is $70, which would represent a 2.41% downside. Is KO Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Coca-Cola is Strong Buy, based on 15 Buy and one Hold ratings over the past three months. With that comes an average KO stock price target of $79.33, representing a potential 10.6% upside for the shares.
Time of India
27-05-2025
- Business
- Time of India
Wall Street opens higher as tech stocks lead gains; Dow jumps over 300 points
US stock markets opened on a strong note Tuesday, with all three major indexes climbing as investor sentiment remained buoyant on the back of robust tech gains and cooling Treasury yields. Tired of too many ads? go ad free now The Dow Jones Industrial Average (DJIA) jumped 364.97 points to open at 41,968.04, rising 0.88%, while the NASDAQ Composite surged 276.3 points to 19,013.5, a gain of 1.48%, as tech-heavy counters saw renewed buying interest. The broader S&P 500 also moved higher, adding 63.68 points to trade at 5,866.5, up 1.1% in early deals. Markets responded positively to the modest drop in US 10-year Treasury yields, which fell 4 basis points to 4.471%, offering relief to equity valuations, particularly in growth-sensitive sectors. Meanwhile, gold prices took a hit, falling $71.9 to $3,293.9, down 2.14%, as traders rotated out of safe-haven assets in favor of equities. Oil prices also edged lower, with US crude trading at $61.04, a decline of $0.49 or 0.8%, amid mixed global demand signals. In currency markets, the euro weakened slightly against the US dollar, with the EUR/USD pair slipping to 1.137, down 0.002 or 0.176%. The CBOE Volatility Index (VIX), often dubbed Wall Street's 'fear gauge,' edged up to 20.77, rising 0.2 points or 0.97%, signaling lingering caution despite broader market gains initial minute of trading. Earlier, global stock markets and US futures surged on Tuesday after a weekend trade truce between the United States and the European Union eased fears of an imminent tariff escalation. The rebound comes after a tense end to last week when US President Donald Trump threatened to impose a blanket 50% tariff on EU imports starting June 1, causing markets to tumble. However, on Sunday, Trump announced he would delay the tariffs until July 9 to give both sides more time to negotiate. Tired of too many ads? go ad free now This helped lift investor sentiment, pushing S&P 500 futures up by 1.5%, Nasdaq futures by 1.6%, and Dow Jones Industrial Average futures by 1.4%—recovering Friday's losses. In Europe, stock indexes also rose in midday trading. London's FTSE 100 jumped 0.8% as it reopened after a holiday, while Germany's DAX climbed 0.7% and France's CAC 40 edged up 0.2%. EU's chief trade negotiator said on Monday that talks with US officials had been positive and that the bloc remained committed to finalizing a deal by the July deadline. Tesla shares rose 2.1% in premarket trading despite data showing its April vehicle sales in Europe fell 49% year-on-year to 7,261 units, even as the region's total electric vehicle market grew 28%. The sharp decline for Tesla—amid increasing competition and public backlash against CEO Elon Musk's controversial political views—highlights the brand's ongoing challenges in the region. Southwest Airlines also gained nearly 3% ahead of its policy change taking effect Wednesday, which will end the airline's long-standing policy of free checked bags. The airline, under pressure from activist investors, is seeking to boost revenue through additional fees after struggling financially in recent quarters. Investors are also awaiting key US economic data due later in the day, including reports on consumer confidence and home prices, which could offer clues about the health of the economy. In Asia, markets closed mixed. Japan's Nikkei 225 rose 0.5% to 37,724.11 after Bank of Japan Governor Kazuo Ueda signaled the possibility of an interest rate hike in the coming months. Ueda cited surging food prices, especially rice, and inflation above the BOJ's 2% target as reasons for tightening. While acknowledging risks from global trade tensions, he said Japan was closer than ever to achieving its inflation target after decades of deflation. Elsewhere in Asia, Hong Kong's Hang Seng gained 0.4%, while the Shanghai Composite slipped 0.2%. South Korea's Kospi lost 0.3%, Taiwan's Taiex dropped 0.9%, and India's Sensex fell 1.2%. Australia's S&P/ASX 200 rose 0.6%. In commodities, US benchmark crude edged down 7 cents to $61.46 per barrel, while Brent crude lost 4 cents to $64.08. In currency markets, the US dollar strengthened to 144.08 yen from 142.85 yen. The euro slipped slightly to $1.1348 from $1.1388.
Business Insider
25-05-2025
- Business
- Business Insider
3 Economic Events That Could Affect Your Portfolio This Week, May 26-30, 2025
Stocks clocked in large weekly declines, returning to year-to-date losses. The Dow Jones Industrial Average (DJIA) fell by 2.47%, the S&P 500 (SPX) dropped by 2.61%, and the tech-heavy Nasdaq-100 (NDX) declined by 2.39% for the week. Confident Investing Starts Here: The technology sector was the worst performer on Friday, reversing its previous outperformance over other sectors. This followed comments from President Trump threatening 25% tariffs on Apple if the company did not shift its iPhone production to the U.S. Later in the day, the President clarified that these tariffs would apply to other phone makers as well. Losses accelerated further after Donald Trump said in a social media post that trade talks with the European Union were going nowhere, and that he plans to impose a 'straight 50% tariff' on the bloc as soon as June 1. The EU is America's largest trading partner, accounting for nearly 20% of total trade. And just like that, trade war fears returned to haunt the markets. The new tariff threats added to other developments weighing on sentiment, including Moody's downgrade of the U.S. credit rating, a weak Treasury auction and concerns over the surging fiscal deficit – which alone may have been overlooked by the markets, but trade policy volatility has pushed them to the surface. Last week served as a reminder that until trade deals are finalized with major trade partners, the tariff theme will continue to be a source of major uncertainty and stock-market risk. Three Economic Events Here are three key economic events that could affect your portfolio this week. For a full listing of additional economic reports, check out the TipRanks Economic Calendar. » Q1 2025 GDP Growth Annualized (second estimate) – Thursday, 05/29 – This report will provide a refined insight into Q1 2025 GDP growth, incorporating additional data that wasn't available for the advance estimate. The advance estimate showed that real GDP decreased at an annualized rate of 0.3%, contrasting sharply with Q4 2024's 2.4% growth. While the second estimate is expected to remain unchanged, revisions are possible as more complete data is factored in. » April's Core Personal Consumption Expenditures (Core PCE) – Friday, 05/30 – This report tracks changes in inflation based on consumer spending, excluding volatile items such as food and energy. The Federal Reserve considers the annualized Core PCE Price Index its preferred inflation gauge. » May's Michigan Consumer Sentiment Index and UoM 5-year Consumer Inflation Expectations (preliminary readings) – Friday, 05/30 – These reports summarize consumer confidence and long-term inflation expectations in the U.S. Consumer confidence impacts spending, which accounts for roughly 70% of U.S. GDP. The inflation expectations component is closely monitored by policymakers and is factored into the Federal Reserve's Index of Inflation Expectations.
Business Insider
25-05-2025
- Business
- Business Insider
The Week That Was, The Week Ahead: Macro & Markets, May 25, 2025
Everything to Know about Macro and Markets Stocks clocked in large weekly declines, returning to year-to-date losses. The Dow Jones Industrial Average (DJIA) fell by 2.47%, the S&P 500 (SPX) dropped by 2.61%, and the tech-heavy Nasdaq-100 (NDX) declined by 2.39% for the week. The S&P 500 logged four straight days of losses for the first time since the reciprocal tariffs hit on April 2. Confident Investing Starts Here: Trade War Take 2 The technology sector was the worst performer on Friday, reversing its previous outperformance over other sectors. This followed comments from President Trump threatening 25% tariffs on Apple if the company did not shift its iPhone production to the U.S. Later in the day, the President clarified that these tariffs would apply to other phone makers as well. Losses accelerated further after Donald Trump said in a social media post that trade talks with the European Union were going nowhere, and that he plans to impose a 'straight 50% tariff' on the bloc as soon as June 1. The EU is America's largest trading partner, accounting for nearly 20% of total trade. And just like that, trade war fears returned to haunt the markets. The new tariff threats added to other developments weighing on sentiment, including Moody's downgrade of the U.S. credit rating, a weak Treasury auction and concerns over the surging fiscal deficit – which alone may have been overlooked by the markets, but trade policy volatility has pushed them to the surface. Last week served as a reminder that until trade deals are finalized with major trade partners, the tariff theme will continue to be a source of major uncertainty and stock-market risk. Nuclear Renaissance However, Trump wasn't all bad news for the stocks last week. On Friday, the President signed executive orders aimed at increasing domestic nuclear power production fourfold over the next 25 years. The orders cut down on regulations and give the U.S. Energy Secretary powers to fast-track new licenses for reactors and power plants in a bid to boost the U.S. nuclear power production. The orders will also clear a path for the Department of Energy and the Pentagon to build nuclear reactors on federally owned land. Trump declared an energy emergency during his first day back in office, citing the fastest rise in power demand in two decades from the AI boom and data-center buildout. Traditional and renewable energy sources are already strained, while nuclear energy can alleviate the 'power hunger' without – if done right – harming the environment. The U.S. – which once led the world in nuclear development and still has the largest capacity globally – is now being outpaced by China in nuclear power growth. After decades of over-regulation, nuclear accounts for under one-fifth of U.S. power generation. According to the administration officials and technology leaders, nuclear energy is key to winning the AI race with China. Energy Secretary Chris Wright called the race for sufficient power production 'Manhattan Project 2,' underscoring the urgency of the task at hand. Stocks That Made the News ▣ Nuclear stocks and uranium producers, including Oklo (OKLO), NuScale Power (SMR), Constellation Energy (CEG), Cameco (CCJ), and others, surged on the news of Trump's nuclear power orders. ▣ Apple (AAPL) tumbled and its suppliers – including Qualcomm (QCOM), Qorvo (QRVO), and Skyworks Solutions (SWKS) – fell after President Donald Trump reiterated that iPhones sold in the U.S. must be domestically produced, or Apple would face a 25% tariff on imported devices. ▣ Booz Allen (BAH) plunged over 16% after its earnings call on Friday cited strong pressure on earnings from government spending cuts led by DOGE. The government contractor said that its civilian business was most impacted, while its defense and intelligence segments were doing better. BAH added fuel to the sell-off fire by revealing plans to lay off 7% of its workforce. ▣ Deckers Outdoors (DECK) dived by nearly 20% despite an earnings and revenue beat, after the company guided below Wall Street estimates for the current quarter and pulled full-year guidance, citing tariff uncertainty. ▣ Another retailer – Ross Stores (ROST) – also tumbled, losing over 10% on the week as it withdrew its previously announced full-year guidance, citing 'heightened macroeconomic and geopolitical uncertainty.' ▣ Workday (WDAY) fell nearly 12% despite a top- and bottom-line beat, as soft guidance for the coming quarter disappointed investors. ▣ Meanwhile, other software companies did much better. Intuit (INTU) popped more than 8% after beating revenue and EPS estimates and raising its full-year outlook. Autodesk (ADSK) hasn't seen strong action but was in the green for the week after it surpassed consensus and issued a second-quarter outlook that beat expectations. Upcoming Earnings and Dividend Announcements The Q1 2025 earnings season is drawing to an end, but many notable earnings releases are scheduled for the next few days. The main event of the week – and for many, of the current earnings season – is Nvidia's (NVDA) fiscal Q1 2026 report, scheduled to be released on Wednesday after the market closes. Also in focus will be the quarterly results of Okta (OKTA), Salesforce (CRM), Veeva Systems (VEEV), Synopsys (SNPS), Agilent (A), Nutanix (NTNX), Dick's Sporting Goods (DKS), Costco (COST), Marvell (MRVL), Dell Technologies (DELL), and Ulta Beauty (ULTA).
