JPMorgan is turning less bullish on American Eagle Outfitters despite the stock’s rally last week. The bank downgraded shares of the retailer to an underweight rating from neutral in a Monday note. Analyst Matthew Boss also established a December 2026 price target of $9, indicating shares could fall 23% from their Friday closing price. Shares of American Eagle soared 4% each last Thursday and Friday after announcing that actress Sydney Sweeney would headline a fall campaign . These gains helped American Eagle join the meme stock mania that has overtaken the market over the past few weeks. But despite this…
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Wolfe Research is ready to jump back into Texas Instruments . The investment firm upgraded the semiconductor stock to an outperform rating from peer perform. Analyst Chris Caso accompanied the move by also establishing a price target of $230, implying an upside of 24% from the stock’s Friday close. Shares of Texas Instruments are down 1% this year. Caso noted that Texas Instruments has “significantly underperformed” stock benchmarks since early 2022, when it introduced a multiyear capital expenditures expansion plan. TXN YTD mountain TXN YTD chart Now, however, the company is also nearing the end of its multiyear capital expenditures…
The World Artificial Intelligence Conference kicked off in Shanghai on Saturday, July 26, 2025.Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese companies are making smarter artificial intelligence models that are increasingly cheaper to use, echoing key aspects of DeepSeek’s market-shaking breakthrough.Startup Z.ai, formerly known as Zhipu, announced Monday that its new GLM-4.5 AI model would cost less than DeepSeek to use. In contrast to the logic underlying existing AI models, Z.ai said its new GLM-4.5 is built on what’s known as “agentic” AI, meaning that the model automatically breaks down a task into sub-tasks in order to complete it more…
In a bar in Neukölln there are bottles of spirits on a shelf. Picture Alliance | Picture Alliance | Getty ImagesEuropean wine and spirit makers are viewing their exclusion from the newly-etched U.S.-EU trade deal with caution as industry bodies call for a sector specific carve-out.European Commission President Ursula von der Leyen said Sunday that a framework deal imposing 15% tariffs on EU goods imported to the U.S. did not contain any decision regarding the wine and spirits industry, adding that an agreement for the sector would be examined in the coming weeks.An industry-wide reprieve would provide much-needed relief for…
Bernstein believes that shares of Charter Communications could rise, boosted by a recovering financial backdrop. The investment firm upgraded the telecommunications giant to an outperform rating from market perform. However, analyst Laurent Yoon accompanied the move by lowering his price target to $380 from $410. This new forecast still corresponds to an upside ahead of 23%. Shares of Charter are down 10% this year. CHTR YTD mountain CHTR YTD chart While Yoon noted that Charter’s underlying fundamentals “remain challenged,” he also pointed out that the company’s financials should only get better from this point forward. “Charter’s financial narrative is expected…
Marco Pistoia, Global Technology’s Head of Applied Research and Engineering at JP Morgan.Source: JP MorganIonQ has hired the former head of applied research at JPMorgan Chase to help corporate clients of the quantum firm adopt next-generation hardware, algorithms and security, CNBC has learned.Marco Pistoia, who was head of JPMorgan’s internal research group from 2020 to this year, will join IonQ as senior vice president of industry relations, the quantum computing firm is expected to announce on Monday.JPMorgan, the largest U.S. bank by assets, recently overhauled the leadership of its research group, which worked on quantum computing and other advanced technologies.…
The Huawei flagship store and the Apple flagship store at Nanjing Road Pedestrian Street in Shanghai, China, Sept. 2, 2024.Cfoto | Future Publishing | Getty ImagesHuawei reclaimed the top spot in China’s smartphone market in the second quarter of the year, while Apple returned to growth in the country — one of its most critical markets — data released by technology market analyst firm Canalys showed on Monday.Huawei shipped 12.2 million smartphones in China in the three months ended June, a rise of 15% year on year — equating to 18% market share. It’s the first time Huawei has been…
European automakers and pharmaceutical companies are emerging as the immediate winners in the aftermath of the U.S.-EU trade deal agreed on Sunday. The new accord removes the overhang of more punitive tariffs, providing a relief rally to stocks in the sector. Under the agreement, details of which have not yet been revealed, exports from the European Union to the U.S. will incur a 15% tariff, ending months of uncertainty. The clarity has been welcomed by investors, with analysts calling it a “positive catalyst.” European stocks are rising around 1% on the news. However, the deal leaves the steel and aluminum…
Omar Marques | Lightrocket | Getty ImagesUnitedHealth Group Chairman and CEO Stephen Hemsley will face the first real test Tuesday of his ability to regain investor confidence as the largest private U.S. insurer reports earnings.The Dow component has seen its share price cut nearly in half since mid-May, with the stock on pace for its worst year in more than a decade, after earnings in its flagship Medicare program and Optum Health physician practices plummeted. That led to the abrupt resignation of former CEO Andrew Witty, forcing the company to reinstate ex-CEO Hemsley to replace him and suspend earnings guidance.…
