Looking at history, several stocks scheduled to soon report earnings could beat estimates and outperform the market the day after. Second-quarter earnings have impressed analysts so far, with the majority of S & P 500 companies having posted positive earnings per share and revenue surprises. Several leading stocks are on deck to post results next week, including Microsoft , Mastercard , Lam Research , Spotify and UnitedHealth Group . Strong earnings have helped power the broad market to new all-time highs this month, with the S & P 500 on Thursday scoring its 12th all-time-high close of the year. To…
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Investor Dan Niles highlighted two of the “Magnificent Seven” tech cohort as his favorite stock picks for the rest of the second-quarter earnings season. This first of these two names was Microsoft , which reports its fiscal fourth-quarter earnings after next Wednesday’s closing bell. Shares have surged about 22% this year. Part of the reason the stock looks attractive, the founder of Niles Investment Management said, is because “they had such a rough time last year.” Azure, Microsoft’s cloud computing platform, was “a disappointment” for the company three quarters in a row, he said. Microsoft finished 2024 with a 12%…
U.S. companies are taking tariffs on the chin for now — but it may not last, Wall Street warned. Economists have expected that President Donald Trump’s steep levies on imports would lead American business to pass along those higher costs to consumers. For now, the short-term evidence points to domestic companies eating the increased taxes on products they import with smaller profits or narrowed profit margins, but many market watchers warn that may soon turn to increased consumer prices later in the year. What appears to be happening is that overseas exporters are not absorbing the cost of higher tariffs.…
Check out the companies making headlines in midday trading: Tesla – The electric vehicle maker’s stock jumped more than 4% after Business Insider reported that Tesla’s robotaxi service will debut in San Francisco as soon as this weekend. Even with the move, Tesla shares are down nearly 3% week to date. Charter Communications — The cable operator’s shares fell almost 17%, and are on track for their worst day ever, after disappointing results. Charter Communications lost 117,000 broadband and 80,000 video subscribers in the second quarter . The news also hurt shares of other cable providers. Comcast fell nearly 5%,…
The former tech darling Apple is set to report next week, and investors seem to be underappreciating this $3 trillion essential company. I want to use options on the second-worst performing “Mag 7” name in 2025, AAPL, to define a bullish strategy as I believe earnings will help the former tech King find its footing again. Apple shares have lost nearly 15% year-to-date as persistent concerns related to iPhone sales, an AI void in the Apple ecosystem, and the uncertainty swirling around potential impact of trade tariffs between the US and China on its supply chain. With a 5.84% weighting…
Lip-Bu Tan, Chief Executive Officer of Intel, appears at an event organized by the company. Andrej Sokolow | Picture Alliance | Getty ImagesIntel’s stock dropped 9% after the chipmaker said it would slash foundry costs in its latest attempt to turnaround its struggling business.Concerns about where that leaves Intel’s chip manufacturing business overshadowed a better-than-expected earnings report late Thursday. Intel beat on revenue and issued a sales forecast for the third quarter that also topped estimates. The company reported adjusted earnings of 10 cents per share, topping the average analyst estimate of a penny, according to LSEG.CEO Lip-Bu Tan, who…
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…
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.…
