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Business Insider
11 hours ago
- Business
- Business Insider
Dayforce said in talks to be acquired, Soho House to go private: Morning Buzz
The major indexes were trending lower near noon as investors lean into a busy week headlined by Jackson Hole central bank speeches and earnings from major retailers. Geopolitical developments are adding weight as markets are monitoring the potential implications of President Trump's meeting with Ukraine's president and European leaders as Washington seeks support for a Ukraine–Russia peace initiative. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Looking to commodities, gold was little changed, while oil prices were marginally higher. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists, and subscribe to the Fly By if you want to know how the markets will open, which stocks will be moving and why. 2. WALL STREET CALLS: CVS Health (CVS) upgraded to Buy from Neutral at UBS Wells Fargo double upgraded Cogent (CCOI) on revenue inflection point Occidental (OXY) downgraded at Morgan Stanley, here's why Nano Nuclear Energy (NNE) double downgraded to Sell at Ladenburg after Q3 update BofA sees Redwire (RDW) as less attractive than space peers, starts at Underperform 3. AROUND THE WEB: Spruce Point says it is short iRhythm Technologies (IRTC), believing that risks related to an ongoing DOJ investigation into product deficiencies that jeopardize lives are underappreciated British motorists can lease a Tesla (TSLA) EV for about half the cost it was a year ago, as the company attempts to boost its faltering sales in the U.K., The Times reports Citigroup's (C) Vis Raghavan, Head of Banking, has accelerated a hiring spree of former JPMorgan Chase (JPM) colleagues, FT reports Foxconn (HNHPF) plans to manufacture data center equipment with Softbank (SFTBY) at the company's former EV factory in Ohio, Reuters reports Six Flags (FUN) has had a 'nightmare' of a summer following its merger with Cedar Fun due to severe thunderstorms and excessive heat, new rides being delayed, competition from new rivals, quality issues and economic uncertainty, WSJ says 4. MOVERS: TeraWulf (WULF) gains after announcing Fluidstack exercised its option to expand at the company's Lake Mariner data center campus in Western New York Yext (YEXT) higher after CEO Michael Walrath submitted a proposal to acquire all outstanding shares of the company for $9 per share in cash Sunrun (RUN) increases after RBC Capital upgraded the stock to Outperform Bitmine Immersion (BMNR) lower after announcing its crypto holdings exceeded $6.612B Critical Metals (CRML) falls in New York after publishing assay results from its Tanbreez Project in Greenland 5. EARNINGS/GUIDANCE: INDEXES: Near midday, the Dow was down 0.03%, or 14.98, to 44,931.14, the Nasdaq was down 0.18%, or 38.91, to 21,584.06, and the S&P 500 was down 0.10%, or 6.73, to 6,443.07.
Business Insider
5 days ago
- Business
- Business Insider
CoreWeave reports Q2 beat, Gildan to acquire Hanesbrands: Morning Buzz
The major averages were mostly unchanged near noon except for the Dow, which was about 300 points higher following the settlement of July inflation data yesterday. The CPI report reinforced expectations of a September Federal Reserve rate cut and pushed market sentiment higher, sending the S&P 500 and Nasdaq to close at record highs yesterday. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Looking to commodities, gold prices were fractionally higher, holding firmly above the $3,400 threshold. Oil prices, meanwhile, were dropping following crude storage data. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. Also, subscribe to the morning Fly By on YouTube if you want to know how the markets will open, which stocks will be moving and why. 2. WALL STREET CALLS: JPMorgan upgraded Capri (CPRI) to Overweight on improved revenue outlook Oppenheimer downgraded C3 AI (AI) after 'extremely weak' results Cadre (CDRE) downgraded to Underperform at BofA on growth concerns Palo Alto Networks (PANW) upgraded at Deutsche Bank, here's why Goldman Sachs double upgraded CACI (CACI) to Buy from Sell, calling it 'best positioned in the defense space under the Trump administration' 3. AROUND THE WEB: Western drugmakers, including Eli Lilly (LLY), Pfizer (PFE), and Novo Nordisk (NVO), are looking to boost sales of their most innovative and expensive medicines in China by trying to get their treatments included in Beijing's new catalog for commercial health insurance, Bloomberg says Northrop Grumman (NOC) is planning to quadruple its chip output by 2030, Axios reports China is discouraging firms from buying Nvidia's (NVDA) H20 AI chip despite its role in trade negotiations with the U.S., WSJ says An Australian federal judge has ruled that Apple (AAPL) and Google (GOOGL) engaged in anticompetitive conduct by misusing their app store market power, ABC reports TSMC (TSM) will phase out its 6-inch wafer manufacturing business over the next two years and continue consolidating its 8-inch wafer production capacity to improve efficiency, Reuters says Webtoon (WBTN) increases after entering a partnership with Disney (DIS) Hudbay (HBM) gains in New York after reporting Q2 results and announcing Mitsubishi has agreed to acquire a 30% interest in Copper World Tilray (TLRY) higher in New York after entering a partnership with L. Molteni & C dei Alitti Societa di Esercizio to broaden access to medical cannabis extracts in Italy ProFrac Holding (ACDC) lower after announcing an 18.75M share offering Zevra Therapeutics (ZVRA) and KinderCare (KLC) fall after reporting quarterly results 5. EARNINGS/GUIDANCE: Globe-e Online (GLBE) reported Q2 results and raised its guidance for FY25 Elbit Systems (ESLT) reported Q2 results, with EPS and revenue beating consensus Performance Food Group (PFGC) reported Q4 results, with CEO George Holm commenting, 'Our organization finished fiscal 2025 with strong financial results' Stratasys (SSYS) reported Q2 results and cut its guidance for FY25 Loar Holdings (LOAR) reported Q2 results, with EPS and revenue beating consensus INDEXES: Near midday, the Dow was up 0.64%, or 284.80, to 44,742.49, the Nasdaq was up 0.03%, or 6.98, to 21,688.89, and the S&P 500 was up 0.09%, or 6.03, to 6,451.79.
Business Insider
6 days ago
- Business
- Business Insider
Intel CEO meets with Trump, Cardinal Health to acquire Solaris: Morning Buzz
The major averages were broadly higher near noon after the headline consumer price index rose 0.2% in July and the core increased 0.3%, exactly as forecast. The news reassured investors who were concerned about Trump's tariff policies potentially spiking prices in the U.S. economy. The tame inflation report might give the Federal Reserve the green light to cut interest rates next month, traders appear to be surmising. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Looking to commodities, gold prices were fractionally lower, falling to below $3,400 for the first time in weeks. Meanwhile, oil prices continue their decline ahead of Tuesday's API crude numbers. morning Fly By on YouTube. 1. STOCK NEWS: Intel (INTC) said CEO Lip-Bu Tan had a 'candid' and 'constructive' discussion with President Trump, with the president calling the meeting 'interesting' Meanwhile, Trump said that Goldman Sachs (GS) CEO David Solomon should 'focus on being a DJ' instead of running a bank, tying the criticism to Goldman's previous statement's about tariffs Cardinal Health (CAH) provided a 'beat and raise' report for Q4 and agreed to acquire Solaris Health for $1.9B in cash China is urging companies not tot use Nvidia's (NVDA) H20 chips, Bloomberg reports Sinclair (SBGI) has launched a strategic review for its broadcast business 2. WALL STREET CALLS: Starbucks (SBUX) upgraded at Baird, here's why Piper upgraded Chipotle (CMG) to Overweight after 31% selloff Shopify (SHOP) downgraded to Neutral from Accumulate at Phillip Securities Palo Alto Networks (PANW) upgraded to Overweight from Neutral at Piper Sandler PubMatic downgraded to Neutral at B. Riley and Hold at Lake Street after softer than expected Q3 outlook 3. AROUND THE WEB: Perplexity has offered $34.5B to acquire Google's (GOOGL) Chrome browser, The Wall Street Journal reports Gildan Activewear (GIL) is weighing a cash and stock offer for Hanesbrands (HBI) that would value the company at about $6 a share, Bloomberg reports Citigroup (C) Chief Executive Officer Jane Fraser is in Mexico City for talks with President Claudia Sheinbaum that include the potential public listing of her bank's retail unit Banamex, Bloomberg says Amdocs (DOX) is set to lay off 'hundreds' of employees, including many in Israel, Globes reports General Motors (GM) seeks to hire back some former employees of its Cruise autonomous vehicle business in a renewed push to develop self-driving cars, Bloomberg reports 4. MOVERS: WideOpenWest (WOW) increases after announcing it will be taken private by DigitalBridge in a $1.5B deal Green Dot (GDOT) higher after reporting Q2 results and raised its guidance for FY25 Gevo (GEVO) and 3D Systems (DDD) gains after reporting quarterly results Fluence Energy (FLNC) lower after reporting Q3 results and backing its guidance for FY25 BigBear. ai (BBAI) and Microvast (MVST) fall after reporting quarterly results 5. EARNINGS/GUIDANCE: On Holding (ONON) reported Q2 results and raised its guidance for FY25 Celanese (CE) reported Q2 results, with EPS and revenue beating consensus Smithfield Foods (SFD) reported Q2 results, with CEO Shane Smith commenting, 'Our strong second quarter results demonstrate the agility and resilience of our business' Venture Global (VG) reported Q2 results and backed its guidance for FY25, with CEO Mike Sabel commenting, 'We are pleased to announce another strong quarter' Circle Internet (CRCL) reported Q2 results, with revenue beating consensus INDEXES: Near midday, the Dow was up/down xxx, or xxx%, to xxx, the Nasdaq was up/down xxx, or xxx%, to xxx, and the S&P 500 was up/down xxx, or xxx%, to xxx.
Business Insider
27-06-2025
- Business
- Business Insider
Morning Movers: Shell ticks higher after denying interest in BP deal
Stock futures are drifting cautiously higher as the S&P edges close to record highs. The dollar is under pressure amid the worst first-half performance in 50 years, falling to its lowest since early 2022 amid speculation that President Trump may replace Fed Chair Powell before his term ends and markets pricing in over 60 basis points of rate cuts by year-end. Treasury yields, including the 10‑year at 4.27%, have eased across the curve. Confident Investing Starts Here: Chipmakers and tech continue to lead and stock futures show strength while oil has recovered mildly to about $65-$68, little changed, supported by a holding Israel‑Iran ceasefire, while gold is slightly higher amid currency moves. In pre-market trading, S&P 500 futures rose 0.28%, Nasdaq futures rose 0.38% and Dow rose 0.22%. Check out this morning's top movers from around Wall Street, compiled by The Fly. Also, subscribe to The Fly's pre-market Fly By if you want to know how the markets will open, which stocks will be moving and why. HIGHER – UP AFTER EARNINGS – Acuity Brands (AYI) up 10% Lindsay (LNN) up 5% McCormick (MKC) up 4% Walgreens Boots Alliance (WBA) up 1% Micron (MU) up 1% DOWN AFTER EARNINGS – Hive Digital (HIVE) down 2% Jefferies Financial (JEF) down 2% LOWER – Edgewise Therapeutics (EWTX) down 9% after FDA deemed the CANYON data alone insufficient for an accelerated approval of sevasemten Kratos Defense (KTOS) down 7% after 12.987M share secondary offering priced at $38.50 per share
