Latest news with #Wall Street
Yahoo
an hour ago
- Business
- Yahoo
ASML: Q2 Earnings Snapshot
DR VELDHOVEN, Netherlands (AP) — DR VELDHOVEN, Netherlands (AP) — ASML Holding NV (ASML) on Wednesday reported second-quarter net income of $1.79 billion. The Dr Veldhoven, Netherlands-based company said it had profit of $4.55 per share. The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $5.94 per share. The equipment supplier to semiconductor makers posted revenue of $8.73 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $8.55 billion. ASML shares have increased 19% since the beginning of the year. The stock has declined 23% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ASML at Sign in to access your portfolio
Yahoo
an hour ago
- Business
- Yahoo
Markets are shrugging off Trump's tariffs. Experts explain why.
President Donald Trump in recent days slapped tariffs as high as 50% on dozens of countries, restoring the type of aggressive trade policy that sent stocks plummeting a few months ago. The new round of levies prompted little more than a shrug on Wall Street. Stocks even recorded gains on Monday as investors looked past tariffs over the weekend targeting the European Union and Mexico, two top U.S. trade partners. Trump has rolled back many of his steepest tariffs over recent months, giving rise to an investor posture known as TACO, short for Trump Always Chickens Out. MORE: Inflation surged in June amid tariffs as Trump declared 'inflation is dead' That view has largely won out among investors on Wall Street, who have come to see tariff announcements as diplomatic fodder rather than firm policy declarations, Bret Kenwell, U.S. investment analyst at eToro, told ABC News. Investors, Kenwell added, are experiencing "headline fatigue." "There's a realization that all of these trade headlines and policy proposals are a negotiating tactic rather than a hardline stance," Kenwell said. As recently as April, the markets gyrated in response to Trump's tariff announcements. When Trump unveiled sweeping "Liberation Day" tariffs on April 2, the major stock indexes lost about $3.1 trillion in value the next day, suffering their biggest one-day decline since the onset of the COVID-19 pandemic. In all, the Dow Jones Industrial Average dropped nearly 4%, while the S&P 500 fell 4.8%. The tech-heavy Nasdaq tanked nearly 6%. Days later, on April 9, Trump delayed a major swathe of the tariffs for 90 days, saying he would pursue trade negotiations with scores of targeted countries. The move sent the stock market to one of its largest ever single-day increases. The Dow soared nearly 8%, while the S&P 500 climbed 9.5%. The Nasdaq increased a staggering 12%. "Once the administration opened the door to a negotiating period, that's when markets realized there's a point where the administration was willing to back down," Kenwell said. "Once that was the case, they realized it's not going to be an endless run on trade policy. One month later, Trump established a trade framework with China, ratcheting down tariffs on the top U.S. trade partner from 145% to 30%. That day, each of the major stock indexes climbed at least 2.8%. When Trump doubled tariffs on steel and aluminum in early June, however, investors didn't appear to care. The major indexes were essentially unchanged. For his part, Trump has rejected the notion that he backs down from tariffs, insisting the on-again, off-again levies make up a key part of his negotiation strategy. When asked about the TACO moniker at the White House in May, Trump said; "I chicken out? I've never heard that." Despite a rollback of some tariffs, levies are highly elevated relative to where they stood before Trump took office. Taking into account recent tariff announcements – which are set to take effect on Aug. 1 – the effective tariff rate registers at 20.6%, the highest such rate since 1910, the Yale Budget Lab found. Consumer prices rose 2.7% in June compared to a year ago, marking a notable surge of price increases as Trump's tariff policy took hold, government data on Tuesday showed. "Call it TACO, or corporate resiliency, whatever you want. Tariffs are coming due in the form of higher inflation, thinner margins, or a combination of both. I'm still not sure people have processed this," Callie Cox, chief market strategist at Ritholtz Wealth Management, told clients on Tuesday in a memo shared with ABC News. Key measures of the economy have proven resilient in recent months, however, defying fears of sky-high inflation and a possible economic downturn. Even after the recent uptick, inflation remains lower than the pace registered in January, the month Trump took office. For markets to demonstrate greater concern about tariffs, Kenwell said, investors would "need to see significantly higher inflation." "Markets find a way to shrug off bad news," Kenwell added. "It doesn't make them invincible but it does make them resilient." MORE: Trump admin live updates: WH confirms Trump, Zelenskyy discussed strikes on Moscow Tariffs on dozens of countries stand poised to take effect on Aug. 1, making it a potential inflection point for the market view of tariffs. Analysts at France-based financial firm BNP Paribas showed minor concern in a memo to clients shared with ABC News on Tuesday. "The risk of an escalatory tit-for-tat scenario has risen," BNP Paribas said, before acknowledging that it expects "deals will be struck by 1 August to limit the further increase in tariffs."
Yahoo
2 hours ago
- Business
- Yahoo
DaVita's Quarterly Earnings Preview: What You Need to Know
With a market cap of $10.8 billion, DaVita Inc. (DVA) is a leading U.S.-based provider of kidney dialysis services, operating over 3,000 outpatient centers domestically and internationally. The Denver, Colorado-based company is expected to release its Q2 2025 earnings on Tuesday, Aug. 5. Ahead of this event, analysts expect DaVita to post adjusted earnings of $2.70 per share, up 4.3% from $2.59 per share reported in the same quarter last year. While the company has surpassed Wall Street's bottom-line estimates in three of the past four quarters, it has missed the projections on one other occasion. Dear Nvidia Stock Fans, Mark Your Calendars for July 16 Seeking Passive Income? This 'Strong Buy' Dividend Stock Yields 8.6%. This Longtime Tesla Bull Just Issued a New Warning for TSLA Stock Holders Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Analysts forecast DVA to report an adjusted EPS of $10.76 this year, marking an increase of 11.2% from $9.68 reported in fiscal 2024. Moreover, in fiscal 2026, its adjusted earnings are expected to further grow 17.8% year-over-year to $12.68 per share. Shares of DVA have soared 3.4% over the past 52 weeks, lagging behind the S&P 500 Index's ($SPX) 10.9% gain but surpassing the Health Care Select Sector SPDR Fund's (XLV) 10.3% decline during the same time frame. On May 12, DVA shares rose marginally after reporting its Q1 results. Its revenue climbed 5% year-over-year to $3.2 billion, supported by growth in treatment volumes and a more favorable commercial mix. However, adjusted EPS fell 11.5% to $2, as rising operating expenses pressured profitability Furthermore, analysts' consensus view on DVA is cautious, with a "Hold" rating overall. Among eight analysts covering the stock, one suggests a "Strong Buy," six recommend a "Hold,' and one gives a 'Moderate Sell' rating. Its mean price target of $162.28 represents a 15.5% premium to current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
4 hours ago
- Business
- Yahoo
ManpowerGroup (MAN) To Report Earnings Tomorrow: Here Is What To Expect
Workforce solutions provider ManpowerGroup (NYSE:MAN) will be announcing earnings results this Thursday before market open. Here's what to expect. ManpowerGroup beat analysts' revenue expectations by 2.9% last quarter, reporting revenues of $4.09 billion, down 7.1% year on year. It was a slower quarter for the company, with a significant miss of analysts' EPS guidance for next quarter estimates and a significant miss of analysts' EPS estimates. Is ManpowerGroup a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting ManpowerGroup's revenue to decline 3.5% year on year to $4.36 billion, improving from the 6.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.69 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ManpowerGroup has missed Wall Street's revenue estimates four times over the last two years. Looking at ManpowerGroup's peers in the professional services segment, only Concentrix has reported results so far. It beat analysts' revenue estimates by 1.2%, delivering year-on-year sales growth of 1.5%. The stock was down 6.3% on the results. Read our full analysis of Concentrix's earnings results here. There has been positive sentiment among investors in the professional services segment, with share prices up 2.5% on average over the last month. ManpowerGroup is up 3% during the same time and is heading into earnings with an average analyst price target of $48.44 (compared to the current share price of $42.33). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. 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
Bloomberg
19 hours ago
- Business
- Bloomberg
Wall Street Sees Risks to US Relying Too Much on T-Bill Issuance
Wall Street strategists are warning of potential risks should the Treasury rely more on bill issuance to finance the government deficit. Last week, the department's quarterly survey of primary dealers asked participants to estimate the market's capacity over a monthly and quarterly basis for additional supply that wouldn't cause 'significant price deviations' in T-bills relative to fair value.
