Favorable consumer exposure should continue to help Darden Restaurants gain market share, according to Goldman Sachs. The bank upgraded the restaurant operator to buy from neutral. Analyst Christine Cho left her 12-month price target unchanged at $225, implying upside of 20%. Shares of Darden Restaurants have added 1% this year, but Cho said that Darden Restaurant’s somewhat elevated current valuation still seems justified. The company owns restaurant chains such as Olive Garden Italian Restaurant, Cheddar’s Scratch Kitchen, LongHorn Steakhouse and The Capital Grille. DRI YTD mountain DRI YTD chart “We believe the 19x multiple (implying a premium to casual dining…
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These are some of the stocks posting the largest moves midday. Source link
Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBCAnthropic on Monday announced Claude for Life Sciences, a new offering for researchers to use the company’s artificial intelligence technology in the advancement of scientific discovery. Claude for Life Sciences is built around Anthropic’s existing AI models, but supports new connections with other scientific tools that are commonly used in labs during research and development.It will be able to help researchers through all stages of the discovery process, from carrying out literature reviews to developing hypotheses, analyzing data,…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — Last week the S & P Financials put on a fireworks display and the financials on our Best Stocks in the Market list did not disappoint. Sean’s going to walk you through the important elements of the JPMorgan (JPM) , Wells Fargo (WFC) and American Express (AXP) reports and then I’ll tell you which of the three I like the best right now in terms of the technical set-up. We’ll also share our usual Monday rundown…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks are starting the week off on a positive note with every sector except consumer staples in the green. As stocks extend last week’s gains, Jim Cramer is closely watching the 10-year Treasury yield, which hovered at 4% Monday. He called the move “incredibly positive” because there are so many stocks that yield more than this. “It makes it so you want to buy stocks,” he added. Jim also reflected on his recent trip…
escue workers approach a cargo aircraft that skidded off a Hong Kong runway on Monday, Oct. 20, 2025.Chan Long Hei | APTwo Hong Kong airport security staff were killed early on Monday after a cargo plane from Dubai skidded off the runway on landing, collided with their security patrol vehicle and pushed it into the sea, the city’s airport operator said.The Boeing 747 involved in the deadliest airport incident in the financial hub in more than 25 years also fell into the water and was partially submerged, but all four crew members on board escaped.The airport security staff were not…
Zillow Group Inc. is an online real estate marketplace company that provides information and services related to selling, buying, renting and financing homes through its platform, which is accessible through a website and mobile application. In 2018, the company introduced a new — and somewhat controversial — line of business, where it would begin speculating on homes. The company expanded rapidly and by 2021 owned approximately 7,000 homes. But the business was not profitable and Zillow reported losses of nearly $590 million in the second half of 2021, at which time the CEO, Rich Barton, announced they would cease buying…
Signage outside the Cleveland-Cliffs Inc. Cleveland Works steel mill in Cleveland, Ohio, US, on Wednesday, Aug. 17, 2022.Luke Sharrett | Bloomberg | Getty ImagesCleveland-Cliffs is looking into building a rare earths mining business, CEO Lourenco Goncalves told investors Monday.The steelmaker has two sites in Michigan and Minnesota where geological surveys have found indications of rare earths, Goncalves said in a statement on Cleveland-Cliffs’ third-quarter earnings.Shares of Cleveland-Cliffs were trading about 17% higher.”If successful, it would align Cleveland-Cliffs with the broader national strategy for critical material independence, similar to what we achieved in steel,” the CEO said “American manufacturing shouldn’t rely…
A next generation iPhone 17 is held during an Apple special event at Apple headquarters on Sept. 9, 2025 in Cupertino, California.Justin Sullivan | Getty ImagesApple shares rose nearly 3% on Monday as a new report showed iPhone 17 sales off to a strong start in the U.S. and China.The iPhone 17 series, which dropped in September, has outsold the iPhone 16 series by 14% in the U.S. and China within its first 10 days of availability, according to data from Counterpoint research.”The base model iPhone 17 is very compelling to consumers, offering great value for money,” Counterpoint senior analyst…
TKMS, the German warship manufacturer which has spun out from parent group Thyssenkrupp, plans to capitalize on the expected surge in Europe’s defense spend with “prudent, margin-oriented growth” after debuting on Frankfurt’s stock exchange Monday. The initial public offering saw TKMS launch at around 60 euros ($70) per share — giving it a market value of around 3.8 billion euros ($4.4 billion) — drawing strong demand from investors. Industrial engineering giant Thyssenkrupp will continue to hold a 51% stake in the company following the offering.The company, also known as Thyssenkrupp Marine Services, builds both submarines and surface vessels, as well…
