Quality companies with strong returns are getting harder to find, according to Citi Research. Return on equity, considered to be a profitability metric calculated by dividing a company’s net income by shareholders’ equity, is “increasingly scarce” among big-name stocks now, Citi U.S. equity strategist Scott Chronert wrote in a recent note to clients. “Stocks where ROE is expected to improve due to margin expansion and/or total asset turnover gains are becoming less abundant in the S & P 500. This is largely a function of downgraded outlooks on softer macros and trade concerns,” Chronert said. Fewer companies in the broad-market…
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Here are some of the stocks making the biggest moves in midday trading Monday: Meta Platforms — Shares of the social media giant jumped 2% after Meta said it would bring advertising to WhatsApp . The company will also start monetizing WhatsApp’s Channels feature through search ads and subscriptions. MGM Resorts — The casino operator’s shares advanced more than 7% after BetMGM LLC, which is jointly owned by MGM and Entain, updated its guidance for the full year. Net revenue for BetMGM is now expected to be at least $2.6 billion, up from the earlier outlook of $2.4 billion to…
Hennepin County Attorney Mary Moriarty announces plans to bring first-degree murder charges against Vance Boelter, the suspect in the shooting deaths of Democratic assemblywoman Melissa Hortman and her husband Mark, in Minneapolis, Minnesota, U.S., June 16, 2025. Tim Evans | ReutersFederal prosecutors on Monday charged the man accused of assassinating a Minnesota state lawmaker and her husband, and shooting another lawmaker and his wife, with six federal counts, including stalking, murder and firearms offenses.Vance Luther Boelter, 57, is facing both state and federal charges in the assassination of Minnesota Democratic state Rep. Melissa Hortman and her husband, Mark, and the shooting of Democratic…
Cisco Systems’ targets are looking more realistic while the stock trades at an “undemanding” valuation, according to Deutsche Bank. The firm upgraded the digital communications stock to buy from hold in a Sunday note, and increased its price target to $73 per share from $65, suggesting shares will rise 14% from Friday’s $64.09 close. CSCO YTD mountain Cisco Systems stock in 2025. Analyst Matt Niknam said the company has “improved visibility towards durable mid-single-digit growth in upcoming years, with tailwinds from AI.” This outlook underpinned the stock upgrade, but he also pointed to “more favorable near-term competitive dynamics in networking…
Aden McCracken Tyrone of Pennsylvania holds a sign in honor of his parents outside of the U.S. Supreme Court on December 4, 2023 in Washington, DC. Michael A. McCoy | The Washington Post | Getty ImagesPurdue Pharma has won support from the attorneys general of 55 U.S. states and territories for its $7.4 billion settlement to resolve thousands of opioid lawsuits against the drugmaker and its owners, members of the Sackler family.A framework for the settlement had been announced in January by New York Attorney General Letitia James and other states, and the support announced on Monday could help Purdue Pharma…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Phil LeBeau chats with StandardAero CEO Russell Ford to discuss why the engine maintenance business has done well, business challenges and much more. Source link
After a strong run, CoreWeave stock may have limited room for further upside, according to Bank of America. The firm downgraded CoreWeave to neutral from buy on Monday, but increased its price target to $185 per share from $76, which suggests shares could rise 26% from Friday’s $147.19 close. “We acknowledge there are positive developments including: (1) a new hyperscaler customer; (2) expansion on OpenAI agreement; and (3) debt raise at lower cost of capital,” analyst Brad Sills wrote in a note to clients. “However, with stock trading at 25x CY27e EBIT, a premium to the peer group at 16x,…
The stock market could get another boost on the strength of the “TINA” trade, according to Goldman Sachs. TINA, which stands for “There Is No Alternative,” refers to an idea that takes hold when investors believe there is no viable investment to put their money into outside of one specific asset, usually equities. The bull market following the 2008 financial crisis, when low interest rates made bonds a less attractive option, was one such period when the trade gained steam on Wall Street. Now, David Kostin, chief U.S. equity strategist at Goldman Sachs, said he expects that flows into the…
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty ImagesGlobal investors may be underpricing the impact of a conflict between Israel and Iran, market watchers warned on Monday, as stocks rallied despite escalating warfare in the Middle East.The two regional powers continued trading fire on Monday, marking the fourth consecutive day of fighting since Israel launched airstrikes against Iran last week.Despite the continued fighting — with hundreds reported dead — global stock markets sustained a positive momentum on Monday, seemingly…
It took 11 years since Facebook acquired it for $19 billion, but Meta is finally bringing ads to WhatsApp, marking a major change for an app whose founders shunned advertising.Meta announced Monday that businesses will now be able to run so-called status ads on WhatsApp that prompt users to interact with the advertisers via the app’s messaging features. The ads will only be shown to users within WhatsApp’s “Updates” tab to separate the promotions from people’s personal conversations. Additionally, Meta will begin monetizing WhatsApp’s Channels feature through search ads and subscriptions. The debut of ads on the messaging app represents a…
