Latest news with #marketrally
Yahoo
3 hours ago
- Business
- Yahoo
Ameriprise Financial's quarterly profit rises on higher fee income
(Reuters) -Asset and wealth manager Ameriprise Financial reported a 28% rise in its second-quarter profit on Thursday, as a late-quarter market rally boosted the value of its fee-generating assets to a record high. After a turbulent start to the quarter because of U.S. President Donald Trump's shifting tariffs, the markets regained poise on hopes of a softer trade policy and positive macroeconomic data. Ameriprise's assets under management, administration and advisement came in at $1.58 trillion during the three months ended June 30, up 9% from a year ago. "While markets were volatile in the quarter, client activity remained strong," chairman and CEO Jim Cracchiolo said in a statement. Assets under management and the fees earned by managers depend on two factors - money flowing in and out of the funds and the performance of investments. Ameriprise's management and financial advice fees rose 6% to $2.6 billion during the second quarter, while its net investment income dropped 3% to $891 million. Total client assets at its advice and wealth management business, which primarily targets high net-worth households with $500,000 to $5 million in investable assets, grew to $1.08 billion from $972 million a year earlier. However, the unit posted a 35% fall in quarterly net flows. Rival BlackRock also reported a fall in long-term net inflows last week, after a major Asian institutional client pulled money from an index strategy. Ameriprise's second-quarter profit rose to $1.06 billion, or $10.73 per share, compared with $829 million, or $8.02, a year earlier. 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
18 hours ago
- Business
- Yahoo
G-III, Tecnoglass, MYR Group, Jabil, and Dentsply Sirona Shares Are Soaring, What You Need To Know
What Happened? A number of stocks jumped in the afternoon session after a new trade agreement between the United States and Japan spurred a broad market rally. The positive sentiment swept across markets after it was announced the U.S. and Japan had reached a new trade deal. The agreement included a 15% tariff on Japanese goods imported into the U.S. and a commitment from Japan to invest $550 billion in the U.S. and open its markets to American cars and agricultural products. This development boosted investor confidence and contributed to a widespread rally, lifting stocks across many sectors. The Dow Jones Industrial Average and the S&P 500 both posted gains, creating a favorable environment that likely benefited individual stocks. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Apparel and Accessories company G-III (NASDAQ:GIII) jumped 3.4%. Is now the time to buy G-III? Access our full analysis report here, it's free. Building Materials company Tecnoglass (NYSE:TGLS) jumped 3.2%. Is now the time to buy Tecnoglass? Access our full analysis report here, it's free. Construction and Maintenance Services company MYR Group (NASDAQ:MYRG) jumped 3.1%. Is now the time to buy MYR Group? Access our full analysis report here, it's free. Electronic Components & Manufacturing company Jabil (NYSE:JBL) jumped 3.3%. Is now the time to buy Jabil? Access our full analysis report here, it's free. Dental Equipment & Technology company Dentsply Sirona (NASDAQ:XRAY) jumped 3.2%. Is now the time to buy Dentsply Sirona? Access our full analysis report here, it's free. Zooming In On G-III (GIII) G-III's shares are quite volatile and have had 15 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock gained 3.2% on the news that the second quarter (2025) earnings season got off to a strong start. Quarterly earnings reports released during the week exceeded Wall Street's expectations, fueling investor confidence. Around 50 S&P 500 components reported, with 88% of those exceeding analysts' expectations, FactSet data revealed. Investors were also encouraged by several positive reports that painted a picture of a resilient consumer. One key report revealed that shoppers increased their spending at U.S. retailers more than economists had anticipated. Precisely, retail sales increased 0.6% from May, surpassing the 0.2% estimate. This robust consumer spending is a crucial pillar supporting the economy. Adding to the positive sentiment, the latest data on unemployment claims showed a decrease in the number of workers applying for benefits, signaling that layoffs remain limited and the job market is steady. This combination of strong earnings reports, retail sales, and a solid labor market suggests the economy is navigating challenges successfully. G-III is down 24.2% since the beginning of the year, and at $24.28 per share, it is trading 32.7% below its 52-week high of $36.10 from December 2024. Investors who bought $1,000 worth of G-III's shares 5 years ago would now be looking at an investment worth $2,051. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Yahoo
18 hours ago
- Business
- Yahoo
Movado (MOV) Stock Trades Up, Here Is Why
What Happened? Shares of luxury watch company Movado (NYSE:MOV) jumped 3.2% in the afternoon session after a broad market rally as the United States and Japan reached a new trade agreement. The deal, which set a 15% tariff on Japanese goods imported into the U.S., was viewed favorably by investors and spurred optimism across the market. This positive sentiment contributed to gains across multiple sectors as the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all climbed. While there was no company-specific news driving Movado's stock, the watchmaker likely benefited from the overall risk-on mood that lifted many consumer-focused companies. The improved trade outlook appeared to ease investor concerns about potential economic headwinds. Is now the time to buy Movado? Access our full analysis report here, it's free. What Is The Market Telling Us Movado's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 11 months ago when the stock dropped 13.3% on the news that the company reported weak second quarter earnings. Full-year revenue guidance was lowered and missed. In addition, EPS missed, but Movado exceeded analysts' revenue expectations. The company cited a "challenging consumer spending environment compounded by increased expenses to support future growth." Overall, this was a weaker quarter, but expectations were also seemingly low going into the print. Movado is down 12.6% since the beginning of the year, and at $17.08 per share, it is trading 34.1% below its 52-week high of $25.92 from July 2024. Investors who bought $1,000 worth of Movado's shares 5 years ago would now be looking at an investment worth $1,599. 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.
Yahoo
18 hours ago
- Business
- Yahoo
Gilead Sciences, Omnicom Group, and QuinStreet Shares Skyrocket, What You Need To Know
What Happened? A number of stocks jumped in the afternoon session after a new trade agreement between the United States and Japan spurred a broad market rally. The positive sentiment swept across markets after it was announced the U.S. and Japan had reached a new trade deal. The agreement included a 15% tariff on Japanese goods imported into the U.S. and a commitment from Japan to invest $550 billion in the U.S. and open its markets to American cars and agricultural products. This development boosted investor confidence and contributed to a widespread rally, lifting stocks across many sectors. The Dow Jones Industrial Average and the S&P 500 both posted gains, creating a favorable environment that likely benefited individual stocks. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Therapeutics company Gilead Sciences (NASDAQ:GILD) jumped 3.1%. Is now the time to buy Gilead Sciences? Access our full analysis report here, it's free. Advertising & Marketing Services company Omnicom Group (NYSE:OMC) jumped 3.1%. Is now the time to buy Omnicom Group? Access our full analysis report here, it's free. Advertising & Marketing Services company QuinStreet (NASDAQ:QNST) jumped 3%. Is now the time to buy QuinStreet? Access our full analysis report here, it's free. Zooming In On Omnicom Group (OMC) Omnicom Group's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock gained 4% on the news that the company reported second-quarter earnings and revenue that surpassed analyst expectations. The company announced a non-GAAP adjusted earnings per share of $2.05, which was $0.03 higher than the consensus estimate of $2.02. Revenue for the quarter came in at $4.02 billion, beating the anticipated $3.95 billion. This represented a 4.2% increase in revenue compared to the same period last year. Investors were also encouraged by the company's 3.0% organic revenue growth for the quarter. The solid performance was driven by an 8.2% rise in its Advertising & Media division and a 5% increase in Precision Marketing. In a statement, CEO John Wren pointed to the "resilience and agility" of the business despite ongoing economic uncertainty. The company also confirmed it is on track with its proposed acquisition of rival Interpublic, having already received regulatory approval in 13 of the 18 required jurisdictions, including the United States. Omnicom Group is down 10% since the beginning of the year, and at $77.82 per share, it is trading 26.2% below its 52-week high of $105.49 from October 2024. Investors who bought $1,000 worth of Omnicom Group's shares 5 years ago would now be looking at an investment worth $1,382. 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. 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
20 hours ago
- Business
- Yahoo
Western Digital, AppLovin, Matson, AeroVironment, and OSI Systems Stocks Trade Up, What You Need To Know
What Happened? A number of stocks jumped in the afternoon session after a new trade agreement between the United States and Japan spurred a broad market rally. The positive sentiment swept across markets after it was announced the U.S. and Japan had reached a new trade deal. The agreement included a 15% tariff on Japanese goods imported into the U.S. and a commitment from Japan to invest $550 billion in the U.S. and open its markets to American cars and agricultural products. This development boosted investor confidence and contributed to a widespread rally, lifting stocks across many sectors. The Dow Jones Industrial Average and the S&P 500 both posted gains, creating a favorable environment that likely benefited individual stocks. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Memory Semiconductors company Western Digital (NASDAQ:WDC) jumped 3.5%. Is now the time to buy Western Digital? Access our full analysis report here, it's free. Advertising Software company AppLovin (NASDAQ:APP) jumped 3.2%. Is now the time to buy AppLovin? Access our full analysis report here, it's free. Marine Transportation company Matson (NYSE:MATX) jumped 3.4%. Is now the time to buy Matson? Access our full analysis report here, it's free. Defense Contractors company AeroVironment (NASDAQ:AVAV) jumped 3.3%. Is now the time to buy AeroVironment? Access our full analysis report here, it's free. Specialized Technology company OSI Systems (NASDAQ:OSIS) jumped 3.3%. Is now the time to buy OSI Systems? Access our full analysis report here, it's free. Zooming In On Western Digital (WDC) Western Digital's shares are very volatile and have had 22 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 9 months ago when the stock gained 13.1% on the news that the company reported strong third-quarter earnings with significant gross margin improvement, which helped to beat on adjusted operating profit and adjusted EPS. Notably, the cloud segment (54% of overall revenue) contributed the most to the top-line outperformance, accelerating 17% sequentially and 153% year on year. This was powered by what management considered "higher nearline shipments in HDD and enterprise SSD bit shipments to data center customers" and more than offsetting softness in the client and consumer segments. While guidance for next quarter's revenue and adjusted EPS slightly missed Wall Street's estimates, the market seemed to overlook this. Western Digital is up 12% since the beginning of the year, and at $69.28 per share, it is trading close to its 52-week high of $73.43 from December 2024. Investors who bought $1,000 worth of Western Digital's shares 5 years ago would now be looking at an investment worth $1,501. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
