Shares of GE Vernova may have peaked — at least for now, according to Wolfe Research. The investment firm downgraded the energy stock to a peer perform rating from outperform. Analyst Nigel Coe also removed his price target of $496 on the stock. Shares of GE Vernova have surged 48% this year. GEV YTD mountain GEV YTD chart Coe wrote that he still remains bullish on the company, and attributed his downgrade to GE Vernova’s massive year-to-date gain. “This decision comes on the back of significant YTD outperformance that has led to a much more challenging valuation set up on…
Author: usaeverydaylife
Check out the companies making headlines in premarket trading. Oil stocks — Energy stocks climbed in premarket trading amid a jump in oil prices after Israel launched airstrikes against Iran without U.S. support, drawing concerns over the supply outlook from the oil-rich Persian Gulf. Chevron and Exxon Mobil rallied about 3% each, while ConocoPhillips jumped more than 4%. EOG Resources gained more than 3%. Gold stocks — Stocks tied to gold advanced as investors flocked to the perceived safe haven amid the geopolitical escalation. Newmont and SSR Mining both rose more than 1%, as did the VanEck Gold Miners ETF…
President Donald Trump looks on during a National Economic Council meeting in the Oval Office at the White House March 24, 2017 in Washington, DC.Getty ImagesU.S. President Donald Trump on Friday morning urged Tehran to reach a nuclear deal “before there is nothing left,” hours after Israel launched a wave of airstrikes against Iran.The Jewish state says its offensive targeted Tehran’s nuclear program. Close Israeli ally and weapons supplier Washington says it was briefed on the hostilities but did not participate.Iranian media reported the airstrikes hit Tehran and Natanz, which houses a key nuclear facility. As of Friday morning, the…
People look over damage to buildings in Nobonyad Square following Israeli airstrikes on June 13, 2025 in Tehran, Iran.Majid Saeedi | Getty Images News | Getty ImagesWorld leaders are calling for restraint after Israel launched a series of airstrikes on Iran early Friday morning, in an escalation of regional tensions.Israel has said that the strikes were targeting Iran’s nuclear program. Leading nuclear scientists and high-ranking military officials were killed in the strikes, according to Iranian media.While the U.S. did not partake in the strikes, President Donald Trump was briefed on them beforehand.”We are not involved in strikes against Iran and our top priority…
Tankers depicted in the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates.ATTA KENARE | AFP | Getty ImagesAs tensions surge following Israeli strikes on Iran, fears have resurfaced that the Tehran could retaliate by targeting one of the world’s most vital oil arteries — the Strait of Hormuz. The Strait of Hormuz, which connects the Persian Gulf to the Arabian Sea, sees roughly 20 million barrels per day of oil and oil products pass through, accounting for nearly one-fifth of global oil shipments. Any move to block it would ripple through energy…
Newell Brands ‘ tariff-hedging advantages gives it a leg up over its peers, according to JPMorgan. The bank upgraded shares of the consumer and commercial goods manufacturer to an overweight rating from neutral. Simultaneously, analyst Andrea Teixeira raised her price target to $7 per share from $6. Newell, which owns brands such as Rubbermaid, Paper Mate, Sharpie, Elmer’s, Yankee Candle and Crock-Pot, has stumbled 45% so far this year. However, Teixeira’s revised forecast implies an upside of 29% from the stock’s Thursday closing price of $5.43. NWL YTD mountain NWL YTD chart One reason for the upgrade comes from a…
Musician Jimmy Buffett performs onstage at Jimmy Buffett & Friends: Live from the Gulf Coast, a concert presented by CMT at on the beach on July 11, 2010 in Gulf Shores, Alabama.Rick Diamond | Getty Images Entertainment | Getty ImagesA court battle over the late-singer Jimmy Buffett’s $275 million estate has highlighted the growing litigation over the trillions of dollars in wealth being passed down to spouses and families, experts said.Jimmy Buffett’s widow, Jane Buffett, filed a petition last week in a Los Angeles court to remove her co-trustee, Richard Mozenter, from the marital trust created to support her after…
Smoke rises up after an explosion in Tehran, Iran, Friday, June 13, 2025.Vahid Salemi | APDUBAI, United Arab Emirates — Iran launched more than 100 drones toward Israeli territory Friday morning after Israel’s overnight missile strike on the country killed at least three of its senior military leaders.”We can now confirm that the Chief of staff of the Iranian Armed Forces, Commander of the IRGC and the Commander of Iran’s Emergency Command were all eliminated in the Israeli strikes across Iran,” Israel Defense Forces spokesperson Effie Defrin said.”Iran launched approximately 100 UAVs towards Israeli territory, which we are working to…
Iran’s Supreme Leader Ayatollah Ali Khamenei speaks during a meeting in Tehran, Iran, May 20, 2025. Office of the Iranian Supreme Leader.Office Of The Iranian Supreme Le | Via ReutersCrude futures jumped as much as 13% Thursday evening after Israel launched airstrikes against Iran without U.S. support, drawing concerns over the supply outlook from the oil-rich Middle East region.Global benchmark Brent futures with August delivery surged 5.61% to $73.25 per barrel at 08:57 a.m. London time. The U.S. West Texas Intermediate contract with July expiry was last up 5.63% at $71.87 per barrel.Israel launched a “targeted military operation” against Iran’s…
Aerial view of tract housing neighborhood in Boise, Idaho, USA.Simonkr | E+ | Getty ImagesRenting is taking off in the suburbs as homeownership remains out of reach for many would-be buyers.Between 2018 and 2023, rentership surged by at least 5 percentage points in 11 out of 20 suburbs surrounding the largest U.S. metro areas, according to a recent analysis by Point2Homes, a rental market research company.During the same period, 15 suburbs went from being predominantly composed of homeowners to majority-renter communities. The trend spans fast-growing Sun Belt metros like Dallas, Houston and Miami as well as Northeastern cities like Boston and…
