Check out the companies making headlines before the bell. Synopsys — The developer of design automation models and software jumped 8% after Nvidia invested $2 billion in Synopsys common stock at $414.79 per share as part of a broad strategic partnership. Leggett & Platt — Shares rose 14% after the furniture component manufacturer received an unsolicited, all-stock buyout proposal from Somnigroup International valued at $12 per share. Wynn Resorts — The hotel and casino chain added almost 2% after Goldman Sachs included Wynn on its conviction buy list. Goldman said the company has a “best-in-class” Las Vegas business, while improvement…
Author: usaeverydaylife
Here are Monday’s biggest calls on Wall Street. BMO upgrades Old Dominion to outperform from market perform BMO said the freight company is “disciplined.” “While the prolonged freight recession has weighed on the results and share price, ODFL has remained disciplined, executing its proven playbook: maintaining industry-leading service levels, strong pricing power, and ample capacity to capture recovery.” Guggenheim reiterates Alphabet as buy Guggenheim raised its price target on the stock to $375 per share from $330. “Our increased confidence stems from three key developments: (1) exceptional cloud backlog growth supported by surging enterprise AI demand, (2) YouTube’s sustained dominance…
Krisanapong Detraphiphat | Moment | Getty ImagesRising health care expenses as part of an overall increase in the cost of living are forcing some Americans — including high earners — to make tough financial choices. In 2026, employees could see their total health benefit cost increase by 6.7% on average, pushing the average cost per employee above $18,500, according to global consulting firm Mercer. It’s the steepest jump in 15 years, the firm said.This year, premiums for families with employer-sponsored plans rose 6%, more than twice the rate of inflation, at 2.7%, and outpacing wage growth of 4%, according to KFF, a…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSteve Hafner, Kayak CEO, joins ‘Squawk Box’ to discuss the origins of Travel Tuesday, what to expect in travel deals this year, travel outlook, and more. Source link
FILE PHOTO: Nvidia CEO Jensen Huang speaks at event ahead of the COMPUTEX forum, in Taipei, Taiwan June 2, 2024. Ann Wang | ReutersNvidia on Monday announced it has purchased $2 billion of Synopsys’ common stock as part of a strategic partnership to accelerate computing and artificial intelligence engineering solutions.As part of the multi-year partnership, Nvidia will help Synopsys accelerate its portfolio of compute-intensive applications, advance agentic AI engineering, expanding cloud access and develop joint go-to-market initiatives, according to a release. Nvidia said it purchased Synopsys’ stock at $414.79 per share.”Our partnership with Synopsys harnesses the power of Nvidia accelerated…
Morgan Stanley sees more gains ahead for Nvidia and Broadcom , as the momentum in artificial intelligence continues. The bank reiterated its overweight thesis on AI poster child Nvidia. Morgan Stanley’s $250 price target, up from $235, corresponds to 41% upside from Nvidia’s Friday closing price. The chipmaker has gained 32% in 2025. “We continue to see NVIDIA maintaining dominant market share, as threats are becoming overstated, though we aren’t sure exactly what will turn sentiment around,” analyst Joseph Moore wrote. “Customers’ biggest anxiety for the next 12 months is their ability to procure enough NVIDIA product generally, and Vera…
Man planning home budget and using calculatorRockaa | E+ | Getty ImagesMany student loan borrowers could soon have access to lower monthly payments, as the U.S. Department of Education finishes implementing changes to one of its repayment plans. Previously, borrowers needed to prove a “partial financial hardship” — or income below a certain level — to get into the Income-Based Repayment plan, or IBR. But President Donald Trump’s “big beautiful bill” waived that requirement, and the change should be widely available in December, according to a recent update on the Education Department’s website. “In the meantime, servicers will hold IBR…
U.S. Treasury yields moved higher on Monday to start off the first day of December as investors increased bets on the Federal Reserve cutting interest rates in its upcoming meeting.At 5:47 a.m. ET, the 10-year Treasury was up more than 2 basis points at 4.044%, while the 30-year bond yield climbed 3 basis points to 4.702%. The 2-year note yield was up less than a basis point to 3.497%.One basis point equals 0.01% and yields move inversely to prices. Traders are pricing in a nearly 88% chance of a quarter percentage point cut, compared with 85% on Friday, according to the CME FedWatch Tool. Investors will…
UBS is betting on Carvana from here on out. The bank initiated coverage of the used-car e-commerce platform with a buy rating and a 12-month price target of $450, which implies upside of 20% from Friday’s close. Analyst Joseph Spak applauded Carvana’s potential as a “true disruptor and share gainer in highly fragmented market.” He believes that growth at the company is driven by a migration to online sales and its e-commerce platform, which offers customers a “better experience and often a better price.” CVNA YTD mountain CVNA YTD chart “CVNA has a differentiated, best-in-class online platform and customer experience…
A Spirit Airlines Airbus A320 airplane approaches San Diego International Airport for a landing from Las Vegas on May 9, 2025 in San Diego, California. Kevin Carter | Getty ImagesShares of European aerospace giant Airbus fell more than 9% on Monday morning, following reports the company has discovered an industrial quality issue regarding dozens of A320-family aircraft. The flaw, which is said to affect the aircraft’s fuselage panels, is delaying some deliveries but there are no immediate indications that it has reached aircraft in service, Reuters reported, citing unnamed sources. Airbus was not immediately available to comment when contacted by…
