Northrop Grumman Corp (NOC) plunged after missing earnings expectations last week. While this was definitely material news, a look at the three-year weekly chart shows the stock finding solid footing around the $450 multi-year support level — and it’s already starting to show signs of a rebound. Even though several analysts have trimmed their ratings, the median price target still sits at $545 — a lot higher than where NOC is trading right now. Also worth noting: Northrop is part of the industrials sector, and a quick glance at XLI — the Industrials Select Sector SPDR ETF — shows that…
Author: usaeverydaylife
Courtesy: Gilead SciencesGilead Sciences agreed to pay $202 million to the U.S. government and various states to settle claims the drugmaker used speaker programs to pay kickbacks to doctors to induce them to prescribe Gilead’s expensive antiretroviral medications to patients with HIV, prosecutors announced Tuesday.Gilead gave the money to doctors who spoke at the events in the form of honoria payments, meal and travel expenses, according to the U.S. Attorney’s Office in Manhattan.In return, the company sought to induce those doctors to prescribe the company’s drugs, which include Biktarvy, Stribild, Genvoya, Complera, Odefsey and Descovy, the office said.The arrangement, which…
Jared Isaacman, CEO of Shift4 Payments, at the New York Stock Exchange on June 3, 2021.Source: NYSEFintech stocks were in focus Tuesday as fresh earnings reports and analyst notes drove sharp reactions across the sector.Shift4 Payments and Upstart Holdings surged following upbeat news, while PayPal shares were slightly higher despite delivering a strong earnings beat.Shift4 shares rose more than 10% after the company reported better-than-expected first-quarter results and raised its full-year guidance.Shift4 reported adjusted earnings of $1.07 per share, above the LSEG expectation of 71 cents per share. Sales in the first quarter of $848 million were below the consensus…
US Secretary of Treasury Scott Bessent speaks during the daily briefing in the Brady Briefing Room of the White House in Washington, DC, on April 29, 2025.Mandel Ngan | Afp | Getty ImagesTreasury Secretary Scott Bessent said Tuesday that the U.S. could be closing in on a trade deal with India, and that negotiations with the country “are moving well.””I think that we are very close on India,” Bessent said during a White House press briefing on President Donald Trump’s 100th day in office.The White House has also had “substantial talks” with Japan over a possible trade deal and “the…
Check out the companies making headlines in midday trading: Spotify — Shares of the music streaming company lost 3.8% on the back of disappointing results. Spotify reported first-quarter operating income of 509 million euros, while analysts polled by FactSet expected 519.9 million euros. Spotify’s revenue of 4.2 billion euros was in line with estimates, while its monthly active users of 678 million met the company’s guidance. General Motors — Shares ticked down 2% after the automaker said it was reconsidering its full-year outlook due to concerns over tariffs and macroeconomic uncertainty. That admission overshadowed a better-than-expected earnings report for the…
Apple could report a larger-than-expected margin hit in its second-quarter earnings report on Thursday, as investors look for insight into how the iPhone maker is planning to navigate tariffs, according to Evercore ISI. Analyst Amit Daryanani estimates Apple will guide down its gross margin forecast by 50 to 100 basis points quarter over quarter, compared with a consensus estimate of a 40 basis point decline. “We do not expect them to speculate on the impact beyond Jun-qtr or to take a stance on where tariff rates will ultimately settle for the longer term,” Daryanani wrote in a Monday note. “They…
An operator for Baker Hughes conducts a wireline survey on a Chesapeake Energy natural gas rig in the North Texas Barnett Shale near Burleson, Texas.Matt Nager | Getty ImagesPresident Donald Trump wants the oil and gas industry to “drill, baby, drill” in pursuit of his energy dominance agenda, but the companies involved in the actual drilling and servicing of wells have instead taken a beating during his first 100 days in office.U.S. crude oil prices have fallen below $65 per barrel, down more than 20% since Trump’s second term began, making it unprofitable for many companies to boost production, according…
JetBlue Airways ranked no. 1 in customer satisfaction for best in first and business class.Aaronp/bauer-griffin | Gc Images | Getty ImagesJetBlue Airways is getting ready to announce a partnership with another U.S. airline with a larger network in the coming weeks, the carrier’s president said Tuesday. One possibility: United Airlines.JetBlue’s leaders have repeatedly said they need a partnership to better compete against larger airlines like Delta Air Lines and United.JetBlue’s planned acquisition of Spirit Airlines was blocked by the Justice Department last year, while its partnership in the Northeast with American Airlines unraveled after the carriers lost an antitrust lawsuit…
A Venezuelan family is calling for a 2-year-old to be returned to her mother after the U.S. authorities deported the mother to Venezuela on Friday without the child.The girl’s father was sent to a prison in El Salvador in March.The toddler, Maikelys Antonella Espinoza Bernal, remains in foster care in the United States, according to the Department of Homeland Security. Officials said in a statement that the child was removed from her parents and from the manifest of her mother’s deportation plane for her own “safety and welfare.”The Trump administration claims the girl’s parents are members of Tren de Aragua,…
Romain Costaseca | Afp | Getty ImagesLONDON — Britain on Tuesday published draft legislation for the cryptocurrency industry, touting greater collaboration with the U.S. as it looks to regulate the wild world of digital assets.Speaking at a fintech event Tuesday, U.K. Finance Minister Rachel Reeves announced plans for a “comprehensive regulatory regime for crypto assets,” adding that the proposals would aim to make the country a “world leader in digital assets.”The rules will bring crypto exchanges, dealers and agents into the regulatory fold, “cracking down on bad actors while supporting legitimate innovation,” the U.K.’s Treasury department said in a statement…
