President Donald Trump’s steel and aluminum duties could boost shares of Steel Dynamics , according to KeyBanc. Analyst Philip Gibbs upgraded shares of the steel producer to overweight from sector weight. His price target of $155 represents 17% upside from Monday’s close. The rating change comes after Trump signed an executive order to impose a 25% levy on steel and aluminum imports to the U.S. Shares of Steel Dynamics popped nearly 5% on Monday in anticipation of the signing. Still, Gibbs thinks the stock trades at a reasonable valuation relative to peer and that the company is at an inflection…
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UBS thinks investors have yet to appreciate the full benefits of Compass ‘ recently closed acquisition. The bank upgraded shares of the residential real estate broker to a buy rating from neutral. Analyst Chris Kuntarich simultaneously lifted his price target to $11 from $7. The revised price objective is approximately 49% above Monday’s close. Kuntarich highlighted Compass’ recently announced acquisition of Christie’s International Real Estate’s @properties for $444 million. “While the upside in large part reflects ests not fully incorporating the contribution of the Christie’s acquisition, COMP’s execution track record on organic growth and cost containment still strikes us as…
Ursula von der Leyen, president of the European Commission, speaks at the AI Action Summit in Paris, France, on Tuesday, Feb. 11, 2025. Bloomberg | Bloomberg | Getty ImagesEuropean Commission President Ursula von der Leyen on Tuesday said the EU would mobilize a total of 200 billion euros ($206.5 billion) for artificial intelligence investments in Europe, stressing that the race for AI leadership had not yet been won by China or the U.S.The sum includes previously-announced 150-billion-euro funding from investors and industry, which Von der Leyen announced the bloc will top up by another 50 billion euros.Speaking at the AI Action…
President Trump has vowed to end the fighting in Ukraine. Just how he could do that remains unclear, given that President Vladimir V. Putin of Russia believes he is winning. But in his own blunt way, Mr. Trump has opened up the possibility of some kind of negotiations for a cease-fire.If a deal was to be reached, analysts say, Mr. Trump would be likely to ask Europe to put it in place and to take responsibility for Ukraine, wanting to reduce the American commitment.But a key question remains: How to secure what is left of Ukraine and prevent Mr. Putin…
US Senator and Republican vice presidential candidate J.D. Vance speaks to a Fox News reporter in the spin room after participating in the Vice Presidential debate with Minnesota Governor and Democratic vice presidential candidate Tim Walz hosted by CBS News at the CBS Broadcast Center in New York on October 1, 2024. Charly Triballeau | AFP | Getty ImagesVice President JD Vance on Tuesday said that the U.S. will safeguard American artificial intelligence and chips and block efforts to “weaponize” the critical technologies.”Some authoritarian regimes have stolen and used AI to strengthen their military intelligence and surveillance capabilities, capture foreign data and create…
U.S. President Donald Trump speaks during a joint press conference with Israeli Prime Minister Benjamin Netanyahu in the East Room at the White House in Washington, U.S., Feb. 4, 2025. Leah Millis | ReutersPresident Donald Trump said Palestinians wouldn’t be permitted to return to Gaza as part of his plan for the U.S. to take ownership of the war-torn territory.In a pre-taped interview with Fox News’ Bret Baier, a clip of which was released Monday, Trump was asked about his proposal to “own” and rebuild Gaza, first announced last week during Israeli Prime Minister Benjamin Netanyahu’s visit to the White House.”We’ll build beautiful…
Warren Buffett has long been a proponent of value investing — and those principles have helped him amass a personal fortune of around $150 billion . It’s an investing approach that means taking the long view, holding your nerve and avoiding risky behavior — philosophies Buffett learned from economist Benjamin Graham’s 1949 book, “The Intelligent Investor.” So what exactly is value investing, and how does it work? What is value investing? The short answer is that value investing refers to buying a stock that is trading below its intrinsic value, according to investor Guy Spier, a self-proclaimed ” disciple “…
Trump’s new tariffs would hit metals importsPresident Trump was poised to move forward with sweeping 25 percent tariffs on foreign steel and aluminum that are likely to rankle Canada and Mexico, which supply the bulk of U.S. metal imports. The two countries could also incite retaliation on U.S. exports. Trump said on Sunday that he would make a formal announcement about the tariffs on Monday.His decision took leaders in Canada and Mexico by surprise. A North American trade war had been averted at the last moment last month when deals were reached with Trump for a 30-day postponement of tariffs.My…
UniCredit sets profit goal of around 10 billion euros by 2027UniCredit said it aims to increase net profit to around 10 billion euros by 2027, with the “ambition” to distribute more to shareholders than it did 2024.Italy’s second-largest lender posted fourth-quarter net profit that beat expectations amid market focus on the bank’s M&A overtures.Net profit attributable to the group came in at 1.969 billion euros ($2.03 billion) in the fourth quarter, compared with an analyst forecast of 1.803 billion euros, according to a LSEG-compiled consensus.The company also said it aims to raise its returns on tangible equity above 17% over the…
PORTSMOUTH, UNITED KINGDOM – OCTOBER 28: The container ship Vung Tau Express sails loaded with shipping containers close to the English coast on October 28, 2024 in Portsmouth, England. Matt Cardy | Getty Images News | Getty ImagesAs the specter of Donald Trump’s reciprocal tariffs looms, several Asian economies that enjoy substantial trade surpluses with Washington are scrambling to negotiate favorable solutions with the U.S president to prevent being slapped with higher duties.Trump said Friday that he would announce reciprocal tariffs — duties that match those levied on U.S. goods by respective countries — as soon as Tuesday, to take effect…
