Mikhail Makarov The firearms sector could be more active than normal on Monday after the assassination attempt on Donald Trump. The presidential candidate said he is “fine,” but a bystander at the rally was killed. An investigation is taking place into how a gunman with an AR-style rifle was ableContinue Reading
duoogle Financial stocks rose 1.9% during the week that some of the U.S.’s biggest banks reported their Q2 earnings. The sector outpaced the broader S&P 500’s 0.9% gain. With June’s CPI report signaling the disinflation trend is continuing, traders boosted their bets that the Federal Reserve will cut rates byContinue Reading
Boarding1Now/iStock Editorial via Getty Images Delta Air Lines (NYSE:DAL) slid on Thursday after rattling investors with cautious guidance. Revenue was up 7.2% year-over-year to a record tally for the quarter of $16.7 billion. Premium revenue increased 10%, with premium unit revenues positive year-over-year. Loyalty revenue was up 8%, driven byContinue Reading
ArLawKa AungTun/iStock via Getty Images Large real estate stocks kicked off the second half of 2024 with a marginal weekly loss despite the optimism surrounding rate cuts, as the state of the sector weighed on sentiment. S&P 500 advanced 1.95% from last week, with the labor market data supporting theContinue Reading
Nomad Foods (NYSE:NOMD), Carnival (NYSE:CCL), Lowe’s (NYSE:LOW) and Wayfair (NYSE:W) are Mizuho Americas top picks for the consumer sector. For Nomad Foods (NOMD) the analysts believe that the Street’s concerns for the company’s competitive position are excessive. Mizuho has a target price of $28 and a rating of Outperform onContinue Reading
“ENTG currently stands as the only semiconductor pure play company within the chemicals and materials ecosystem,” said Deutsche Bank analyst Melissa Weathers, in a note. “We believe ENTG to have an outsized exposure to the fastest-growing trends in semiconductor manufacturing technology in the next decade (GAA, taller 3D NAND stacks,Continue Reading
Led by O’Reilly Automotive (NASDAQ:ORLY), stocks in the auto parts category closed in the red on Monday, after Barclays warned that growth in the do-it-yourself category will remain sluggish due to continued demand headwinds. Barclays analyst Seth Sigman reiterated his Equal-Weight rating for O’Reilly Automotive (ORLY) and his $986 priceContinue Reading
Dmitry Vinogradov Scotiabank has initiated Myriad Genetics at outperform as it is trading at a discount to other advanced diagnostics companies and the markets it is focused on are under penetrated. The firm has a $29 price target (~18% upside based on June 26 close). Analyst Sung Ji Nam notedContinue Reading
gorodenkoff Hedge funds’ momentum exposure is expected to decrease for the first time in six months, according to a Prime Insights & Analytics Chart Pack report. It is now in the 72nd percentile on a five-year lookback, compared to in the 91st percentile at the end of May, analysts headedContinue Reading
koyu Seeking Alpha subscribers were somewhat mixed in their responses to a recent Wall Street Breakfast survey on whether it is a good idea to invest in the tobacco sector in 2024. 31.2% of the 2,110 respondents said it was a good idea to invest in the sector, while 28.4%Continue Reading
