On May 19, we discussed whether Target might finally be making a bearish-to-bullish reversal ahead of earnings. As the next quarterly earnings release approaches, many of the points we made then remain true now, so I encourage a review of that prior article, but because we provided a trade example then, it makes sense to review: how it performed some trade maintenance “best practices” what to do now If you do not review the prior article, this was the trade structure we laid out three months ago: Buy 1 Sept 19 110 call ($5.73 premium) Sell 1 June 27 115…
Author: usaeverydaylife
The biggest hedge funds found a slew of new stocks to pick up in the second quarter as the market bounced off the April lows, according to Morgan Stanley. The Wall Street firm looked at the latest regulatory 13F filings from the top 100 hedge funds by assets under management to help investors assess how positioning shifted in the last quarter. Top professional traders piled into solar stock Enphase Energy , with active ownership rising nearly 8%, Morgan Stanley found. The solar stock could be a value bet, having tumbled more than 46% this year. The stock took a beating…
U.S. President Donald Trump presents a sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” after he signed it, at the White House in Washington, D.C., U.S., July 4, 2025.Leah Millis | ReutersS&P Global said it expects “meaningful” federal government revenue from President Donald Trump’s broad tariff policies to “generally offset weaker” revenue expected from Trump’s recently enacted major tax-and-spending bill.S&P Global cited that outlook on Monday as it maintained its AA+ rating on long-term U.S. sovereign debt and its A-1+ rating on “short-term unsolicited sovereign credit.”But the company warned, “We could lower the rating over…
Target Hospitality could be an under-the-radar beneficiary of data center expansion, according to Stifel. Stifel upgraded the temporary workforce housing stock to buy from hold in a Monday note, raising its price target to $11 per share from $7.50. The investment bank’s forecast implies more than 36% upside from Monday’s $8.05 close. The stock is 7% higher in reaction on Tuesday, but remains 11% lower on the year. Before the market opened Monday, Target said it signed a “multi-year contract” to construct and provide “comprehensive facility services and hospitality solutions supporting the development of a regional data center campus” somewhere in…
Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds.”We should get an equity stake for our money,” Lutnick said on CNBC’s “Squawk on the Street” Tuesday. “So we’ll deliver the money, which was already committed under the Biden administration. We’ll get equity in return for it.”Shares of the struggling chipmaker climbed 7% Tuesday, continuing to rally on recent reports that the Trump administration is weighing different ways to get involved with the company.Bloomberg reported Monday that the White House was discussing a 10% stake…
Apple has reportedly boosted iPhone production in India as the country faces pressure from the White House over its Russian oil purchases.”We have planned to up the tariffs on India,” Treasury Secretary Scott Bessent told CNBC’s “Squawk Box” on Tuesday. “These are secondary tariffs for buying the sanctioned Russian oil.”Bessent accused India of “profiteering” by purchasing cheap Russian oil and reselling it during the Ukraine war, “which is unacceptable.”Earlier this month, President Donald Trump hiked tariffs on India to 50%. The president said in July that he would impose secondary tariffs “at about 100%” on Russia’s trading partners if a peace…
Morgan Stanley sees $2.2 trillion of investment in new nuclear power through 2050, a more than 40% increase over its projection last year as government support and demand from the tech sector has grown. The investment bank sees the U.S. adding 150 gigawatts of nuclear power by the middle of century, according to a note published this month. That would more than double the installed capacity in the U.S., though it is well below President Donald Trump’s goal of adding an additional 300 gigawatts. “The nuclear renaissance has already made significant progress,” Morgan Stanley analysts told clients on Aug. 12.…
As the stock market continues to churn near all-time highs, BMO Capital Markets has some ideas for individual stocks that can work in the future. The backdrop for BMO’s recommendations: U.S. stocks recently hitting all-time highs, a stunning recovery from the early April sell-off on the back of President Donald Trump’s imposition of higher tariffs. Now investors ask if there’s cause for optimism that more gains are in store — or if the market is too overbought. But BMO is confident, with chief investment strategist Brian Belski telling clients in a recent note that U.S. stocks remain in a bull…
Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, two people briefed on the matter said.U.S. President Donald Trump last week opened the door to the possibility of more advanced Nvidia chips being sold in China. But the sources noted U.S. regulatory approval is far from guaranteed amid deep-seated fears in Washington about giving China too much access to U.S. artificial intelligence technology.The new chip, tentatively known as the B30A, will use a single-die design that is likely to deliver half the raw computing power of the more sophisticated dual-die configuration in Nvidia’s flagship B300 accelerator card, the sources said.A single-die…
UBS strategists hiked their forecast for 2026 spot gold prices, seeing a continuation of the tailwainds that have powered a string of record highs in the year to date. The bank kept its end of 2025 target at $3,500 per ounce, up from the current spot rate of around $3,340. For next year, it lifted its benchmark targets to $3,600 from $3,500 by the end of March, and to $3,700 from $3,500 by the end of June. It also announced a new forecast of $3,700 by the end of September. The upgraded forecast comes after a choppy few months for…
