Bank of America is more bullish on Tractor Supply Company following a solid earnings report. The bank double upgraded the farm supplies retailer to a buy rating from underperform, with analyst Robert Ohmes lifting his price target to $70 per share from $53. Based in a Nashville suburb, Tractor Supply shares have risen 11% this year, outperforming the S & P 500. Ohmes’ updated stock outlook is about 18% above where the stock closed Thursday afternoon. TSCO YTD mountain TSCO YTD chart As a catalyst, Ohmes pointed to Tractor Supply’s strong second-quarter results, which show a “return of momentum.” The…
Author: usaeverydaylife
10 things to watch Friday, July 25 1. Stocks were steady this morning as we head into the last session before the weekend. The S & P 500 posted a slight gain yesterday and closed at a record high. 2. Intel reported a messy quarter. The chipmaker plans to cancel foundry projects that new CEO Lip-Bu Tan called “excessive and unwise.” The stock dropped 8%. 3. Ahead of earnings, JPMorgan downgraded Procter & Gamble to neutral on “lackluster” expectations and upgraded Estee Lauder to an overweight buy on hopes for better than feared results. 4. Deckers Outdoor reported a better-than-expected…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Dominic Chu speaks to Liz Ann Sonders, chief investment strategist at Charles Schwab, to get her playbook for the second half of the year. She breaks down her sector-neutral approach to the market as tariff deadlines, interest rate decisions and more are on deck. Plus, she takes questions from CNBC Pro subscribers. Source link
Here are the biggest calls on Wall Street on Friday: Piper Sandler reiterates Palantir as overweight Piper Sandler says the stock is too attractive to ignore. “No doubt, PLTR carries a rich valuation premium and remains a high risk investment, but it also has a one-of-a-kind growth + margin model that if proven durable could grow into a $24B run-rate by CY32E via share gains across two $1+ trillion TAMs.” Read more. Mizuho upgrades Global Payments to outperform from neutral Mizuho says the payments company is poised for a “re-rating.” ” GPN trades 6-7x P/E turns below historical averages vs.…
US President Donald Trump speaks to reporters on the South Lawn before boarding Marine One on the South Lawn of the White House on July 25, 2025, in Washington, DC en route to Turnberry, Scotland. Jim Watson | Afp | Getty ImagesPresident Donald Trump on Friday deflected questions about his former friend Jeffrey Epstein as Epstein’s convicted sex offender accomplice Ghislaine Maxwell was set to meet with a top Department of Justice official in Florida for the second day in a row.”I have nothing to do with the guy,” Trump said of Epstein, with whom he had socialized for years…
Check out the companies making headlines before the bell. Intel — Shares of the chipmaker dropped more than 7% after Intel said it will cut 15% of its workforce and slashed plans for chip factory construction in an attempt to revitalize its AI strategy. Intel topped second-quarter revenue results, posting $12.86 billion in revenue that beat the $11.92 billion expected by analysts surveyed by LSEG, and lost an adjusted 10 cents per share. Paramount — The owner of CBS television rose more than 1% in early trading Friday after the Federal Communications Commission on Thursday approved an $8 billion merger between…
Valera Golovniov | Sopa Images | Lightrocket | Getty ImagesCentene on Friday posted a surprise quarterly loss, in yet another disappointment for investors in the sector that has suffered a series of setbacks due to rising costs in government-backed insurance plans.Shares of the company tumbled 14.5% in premarket trading, dragging down peers Elevance and Molina Healthcare, which have also warned of elevated costs in government-backed insurance plans.The insurance sector has been under strain for the past two years due to rising medical costs.On one hand, insurers are grappling with increased utilization of behavioral health services, home care, and high-cost drugs,…
Before the fame, fashion or multi-million dollar deals, “Sex and the City” actress Sarah Jessica Parker used to make $40 stretch for three days, she told podcast host Alex Cooper on a recent episode of “Call Her Daddy.” When Parker moved out on her own at 18, she only had “a little money in the bank” from her role on the 1980s CBS sitcom “Square Pegs,” she said. So, as she went out for auditions, uncertain of when the next big job would come, she would withdraw her money “very judiciously,” she said — only allowing herself $40 around twice a…
European officials are working to secure a trade deal with the Trump administration, as regional companies sound the alarm over financial hits even before reciprocal tariffs have come into play. Earlier this month , U.S. President Donald Trump said he would slap a 30% tariff on all goods imported to America from the European Union, starting Aug. 1. Investors are now awaiting developments in EU-U.S. negotiations, though a trade agreement is so far yet to emerge. Meanwhile, European officials continue to work on countermeasures that could be deployed if the White House goes ahead with its 30% duties on the…
Oppenheimer is going all in when it comes to Carvana . The investment firm upgraded its rating on the online used-car seller to an outperform rating from perform. Analyst Brian Nagel accompanied the move by setting a price target of $450 for the stock. Shares of Carvana have surged 60% in 2025. Nagel’s price target implies that the stock could rally another 38% from its Thursday close. CVNA YTD mountain CVNA YTD chart “CVNA represents a unique, digitally-driven disruptor, within the expansive and inefficient domestic used car marketplace,” the analyst wrote. “Following significant fundamental and financial repositioning, the CVNA business…
