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CNBC
4 days ago
- Business
- CNBC
Friday's big stock stories: What's likely to move the market in the next trading session
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC's producers were watching in Thursday's session and what's on the radar for Friday. UnitedHealth Group Some big names have piled into this health-care giant over the last several weeks, according to 13F filings compiled and reported on this evening by CNBC's Leslie Picker. She will have a lot more on "WorldWide Exchange" and "Squawk Box" Friday morning. David Tepper's Appaloosa Management bought the stock. So did Warren Buffett 's Berkshire Hathaway . And Scion Asset Management's Michael Burry , of "Big Short" fame, bought call options, hoping the stock is going higher. Shares are up 10% after hours. UnitedHealth has had a rough go in the market, and of course, outside of the market. Shares are down 46% so far year to date. The stock is 57% from the November 2024 high. It is by far the worst performing stock in the Dow 30 in 2025 and in the 12-month period. Top-rated analyst Lisa Gill of JP Morgan will weigh in with her first thoughts on the stock tomorrow morning with Frank Holland on "Worldwide Exchange," which starts at 5 a.m. ET. Gordon Gekko used to like to say, "money never sleeps pal." UNH YTD mountain UnitedHealth Group shares year to date Intel Bloomberg is reporting that the White House is considering making a direct investment in the stock. Intel was up 7% today on the news, it is up an additional 3% after hours. Intel is up 19% so far in 2025 but the stock is about 13% from its February high. This was a $68 stock back in 2021. It's now trading around $24. Full coverage continues tomorrow morning. INTC YTD mountain Intel shares year to date. Housing in the USA Noted analyst Ivy Zelman will join "Squawk Box" with Joe Kernen and Andrew Ross Sorkin in the 8 a.m. hour. There's a ton of issues including a shortage of homes to buy, high prices, a lack of places to move to — all of which ties up the market. Mortgage rates and local rules are also issues the builders say are holding them back. Zelman will go through the list with us and look at the stocks. The SPDR S & P Homebuilders ETF (XHB) is 10% from its November high. It is up 11.5% so far in August. A lot of the big names are up big in August. Hovnanian is up 31% in August, but it's still 35% from last summer's high. Lennar is up 16% in August, and it's 30% from its September 2024 high. Pultegroup is up almost 14% in August, and is 14% from its October high. Taylor Morris Home is also up about 15% in August, and is 10% from the November high. Toll Brothers is up 11% in August, and is 23% from the November high. NVR is up more than 8% in August, putting it 18% from its October high. Uranium and Rare Minerals As President Donald Trump heads to Alaska to meet with Russian President Vladimir Putin, the Global X Uranium ETF (URA) is up 39% in three months. The ETF is 7.5% from its mid-July high. It is up about 80% since Russia invaded Ukraine in 2022. The VanEck Rare Earth and Strategic Metals ETF (REMX) is up 46% in 2025. The Sprott Critical Materials ETF (SETM) is up 40% so far this year. Full coverage of the president's mission begins on "Squawk Box" in our 6 a.m. hour.
Hindustan Times
01-08-2025
- Business
- Hindustan Times
Take Five: Quicksand
Aug 1 - As Donald Trump's latest round of tariff turmoil ripples through markets and the global economy, U.S. company results continue to trickle in, policymakers in Britain and Mexico decide on rates, and oil exporting countries meet to adjust output quotas. Take Five: Quicksand Here's your weekahead from Bill Schomberg and Karin Strohecker in London, Kevin Buckland in Tokyo and Alden Bentley in New York. 1/RESULTS AND REFINANCING A raft of bellwether blue chips are reporting to Wall Street with Caterpillar due on Tuesday, then Disney, and McDonald's on Wednesday. All are in the Dow 30 index, which has been flirting with record highs. Beats or upbeat outlooks from these could help lift this bellwether over the line. It is the only benchmark that has yet to hit a new peak after April's tariff panic. Some data points will help gauge the health of the world's largest economy, with durable goods orders out on Monday, and the ISM services purchasing managers' index on Tuesday. Meanwhile, U.S. Treasury auctions for benchmark 10-year and 30-year bonds will show if strong demand seen in shorter-dated papers in recent days can be replicated further out the curve. 2/SLOWING STIMULUS It's been a challenge for Beijing: how do you stir animal spirits while pivoting the world's number two economy to one built on consumers instead of factories? Trade data on Thursday and inflation figures two days later will give the latest reading on how arduous the task remains. The numbers come on the back of a closely-watched Politburo meeting, where policymakers vowed a crackdown on crippling domestic price wars but not offering much concrete new stimulus - much to the chagrin of domestic investors. Analysts say that's a good thing, chalking up slowing support measures to a stronger-than-expected economy and smoother-than-anticipated tariff negotiations with Washington. Meanwhile, trade talks with the U.S. ended without a breakthrough though look on track for an extension to the August 12 deadline. 3/JOBS AND PRICES Rising inflation and falling employment will be at the heart of the Bank of England's conundrum when policymakers meet on Thursday to set interest rates. Analysts expect a quarter-point cut to 4% and another "gradual and careful" message about its following moves. Markets are pricing another cut before year-end and one more in 2026. But some analysts think the BoE might have to call a halt to the process perhaps as soon as next week, given the warning signals about inflation. Another three-way split among policymakers looks likely amid differences over which danger is most pressing. The BoE is expected to assess the impact of its push to run down government debt stockpiles ahead of a September decision on the pace of sales over the following 12 months. 4/TRADE AND RATES Mexico's central bank policymakers also meet on Thursday to decide on interest rates, and are expected to deliver another 25-basis-point cut to lower rates to 7.75% - which would be a three-year trough. But the outlook is clouded - minutes from the July meeting confirm a shift in the easing cycle, notably, policymakers pre-committing to more easing as they face persistent inflation and weak domestic demand. And the outlook for Mexico's trade relationship with its northern neighbour is adding to uncertainty. Mexican President Claudia Sheinbaum said on Thursday she secured a pause on new tariffs coming into effect and a 90-day period to work on a trade deal. 5/SECONDARY SANCTIONS The Organization of the Petroleum Exporting Countries and allies led by Russia are meeting on Sunday to decide on increasing oil output for September. Expectations are the group will raise output by 550,000 barrels per day in what would be its last move for now - though the decision comes at a delicate moment for energy markets. Analysts are trying to sift through the fog of what the economic impact - and change in crude oil demand - will be in the wake of Trump's tariff onslaught. Looming even larger is the question of secondary sanctions on Russian oil exports from Washington: Trump said on Monday that Russian President Vladimir Putin had only 10 to 12 days to reach a deal to end the war in Ukraine before Washington would impose such curbs, short circuiting the previous 50-day timeframe set on July 14. This article was generated from an automated news agency feed without modifications to text.
News18
30-07-2025
- Business
- News18
US Fed Meeting Outcome: Jerome Powell-Led FOMC Keeps Interest Rates Unchanged For 5th Time In A Row
US Fed Meeting Outcome: The move comes hours after US President Donald Trump repeated his call for a rate cut. US Fed Meeting Outcome July 2025: The US Federal Reserve on Wednesday, July 30, kept its key interest rates unchanged at 4.25%-4.50% for the fifth time in a row, in line with the market expectations. The move comes hours after US President Donald Trump again pressured Powell to cut interest rates. Ahead of the decision, the US markets were trading slightly higher, with the Dow 30 trading up by 0.05% and the tech-heavy Nasdaq trading up by 0.45%. The US 10-year bond yields were also up by 21 bps at 4.35%. The Dollar Index was also up by 0.57% at 99.44, as of 11:25 pm IST. In its statement, US Fed Chairman Jerome Powell-led FOMC on Wednesday said, 'Although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year. The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated." The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate, the FOMC added. 'In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent," the Committee said. The US central bank's officials expect two rate cuts this year, as per the June 2025 'dot plot'. US President Donald Trump has urged Powell multiple times to cut rates. On Wednesday, Trump in a post on X said, '2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! 'Too Late' MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!" Trump had earlier called the US Fed chairman 'Mr Too Late' for not cutting interest rates. Trump argues that the Fed in general and Powell in particular are costing US taxpayers hundreds of billions of dollars in interest payments by not reducing borrowing costs. Yet Fed officials don't think it's their job to reduce rates the government pays on Treasury notes and bonds. Inflation in the US accelerated to 2.7% in June from 2.4% in May, the government said earlier this month, above the Fed's 2% target. Core prices, which exclude the volatile food and energy categories, rose to 2.9% from 2.8%. view comments First Published: July 30, 2025, 23:32 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Miami Herald
30-07-2025
- Business
- Miami Herald
Healthcare giant becomes S&P 500's worst performer as structural issues mount
UnitedHealth UNH isn't looking so healthy. And unfortunately for the firm, it doesn't have the best plan. While the company's revenue came in narrowly above expectations, its profit continued to crater as patients sought out medical care, prompting a bottom-line miss. Adjusted earnings per share (EPS) were $4.08, while analysts were looking for $4.48, per LSEG. Its medical care ratio (MCR), a measure of how much it spends on medical expenses relative to its premiums, was a key factor in the miss. In the latest quarter, it was 89.4%, the highest in the company's history. It now projects that its MCR will be between 89% and 89.5% this year. That is significantly higher than the 85.1% it saw in this period last year. UnitedHealth was down 4% in the premarket, hitting a five-year low. UnitedHealth's poor state started after one of its executives was attacked and killed in Manhattan. But if we're really being honest, the company's problems were more structural than a PR disaster. In recent years, the cost of care has chipped away at the company's profit margins, with no signs of abating. And a series of controversies - including hacks of critical health care information, investigations by federal officials into pricing practices and other factors - have only compounded its problems. Earlier this year, the company's stock fell 20% in a single day after a rare earnings miss; its first since 2008. At the time, it cut its guidance. In May, after then-CEO Andrew Witty stepped aside, it decided to pull it altogether. That's one of the consolations of today's report, although it might be falling on deaf ears. The guidance is back, but it isn't what it used to be. The company said that it now expects to generate $16 per share in annual adjusted earnings. However, that's down from the adjusted 2025 earnings of $26 to $26.50 that it was seeking in April, before it pulled it altogether. And back in January, it put forth $29 to $30 per share. Even now, you see the impacts as analysts yearning for more. Analysts polled by FactSet hold a current consensus annual adjusted earnings estimate of $20.64. There's a chasm between that $16 and $20.64. As a result, UNH is the S&P 500 and Dow 30's worst-performing stock, down nearly 50% on the year. UnitedHealth isn't alone. At the bottom of the index, it's joined by similarly-situated Centene Corporation (CNC) (-57% year to date) and Molina Healthcare (MOH) (-44%). Not far away, Elevance Health (ELV) (-21%) is also struggling. Compounding its cost troubles, these private insurers are getting hammered due to higher medical costs and lower reimbursements. These issues are seen worsening as policy changes made in the Republican tax and budget bill are seen impacting health insurers that have have concentrated their efforts in the ACA marketplace, Medicare Advantage (MA) or Medicaid managed-care plans; all of which are facing cuts. However, despite all the fear, uncertainty and doubt stewing in private insurers, some have been willing to take the plunge and buy the dip, even if the road back might be long and windy. The company says that it expects to returns to earnings growth in 2026. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
28-07-2025
- Business
- Yahoo
Morgan Stanley makes bold S&P 500 projection as U.S. dollar weakens
Morgan Stanley makes bold S&P 500 projection as U.S. dollar weakens originally appeared on TheStreet. Good morning. The market is finally open and the small cap-centric Russell 2000 is leading U.S. indexes this morning, up 0.40%. For the moment, it's trailed by the Nasdaq Composite (+0.34%), the S&P 500 (+0.13%), and the Dow 30 (-0.08%). Morgan Stanley, Oppenheimer Hike S&P 500 Targets On Monday morning, analysts at Morgan Stanley and Oppenheimer are out with new price targets for the S&P 500, both pointing to strong corporate earnings — as well as trade deals, a strong U.S. economy and macro factors — as reasons to be bullish. Oppenheimer raised their year-end target for the index from to 7,100 (from 5,950 in April), which would be roughly an 11% gain from current prices. Morgan Stanley is banking on the S&P 500 to hit 7,200 by mid-2026, which would be a 12% increase over the next 12 months or so. Oppenheimer says that 84% of S&P 500 firms beating their estimates during Q4 and Q1. Per FactSet, 34% of the S&P 500 have reported Q2 earnings, with 80% of companies posting earnings and revenue surprises. Morgan Stanley adds that AI adoption, a weaker dollar and Fed rate cuts will also help move the index along. Stock Market Today U.S. equities are little-moved on Monday morning after a busy week of trade talks. The U.S. and European Union clinched a long-anticipated tariff deal, while the U.S. and China agreed to extend a tariff pause for another 90 days, allowing more time for negotiations. We turn our attention this morning to what is bound to be a blockbuster week for earnings and data. S&P 500 Seeks a Sixth Consecutive Record Last Friday, the S&P 500 did something it had only done 57 times before by notching its fifth-consecutive record close. Whether it can score a sixth-consecutive record this week, and continue its upward lurch, might come down to data and earnings — and there will be no shortage of them this week. Earnings and Data Today Our very own Charley Blaine wrote at length about the big reports coming up this week in "It's a Lollapalooza Week Ahead for Markets," highlighting some of the 873 earnings reports on deck this week, including reports from several of America's most-valuable firms. As the start and end of the week tend to be, today will be light, as we seek a number of after market reports from Welltower () , Waste Management () and others: Aside from reports today, we'll also be looking out for the Dallas Fed's Manufacturing Index print this morning. The report could illuminate the state of affairs in U.S. manufacturing. The print is anticipated to be negative, implying continued contraction; it would be the sixth consecutive month decline. America's Even Larger Largest Railroad? It turns out, the tariff talks weren't the only deals that made inroads railroads this weekend. During its Thursday earnings report, America's largest railroad confirmed rumors that it was in merger talks with competitor Norfolk Southern, while drawing some caution. But per Bloomberg, the two companies are reportedly close to reaching an agreement, creating a coast-to-coast rail giant worth over $200 billion. Their chart tells the story from last week; it'll be one to watch this week as the companies converge on terms. Even more so with Norfolk Southern set to report its earnings on Jul. 29. Morgan Stanley makes bold S&P 500 projection as U.S. dollar weakens first appeared on TheStreet on Jul 28, 2025 This story was originally reported by TheStreet on Jul 28, 2025, where it first appeared. 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
