While other large-cap names were thriving off their April lows, shares of PepsiCo (PEP) actually made a new 52-week low in May. This week, the beverage and snack heavyweight completed an upside rotation, pushing above its 200-day moving average for the first time since October. Today we’ll dig into the dynamics of this impressive turnaround story, show how a much larger rotation could be taking place, and identify key levels to watch to confirm further bullish breakouts. After achieving a series of new 52-week lows in April and May, PEP stabilized around the $127 level with a series of lows…
Author: usaeverydaylife
Dr. Kavita Patel, NBC News & MSNBC medical contributor, joins ‘Fast Money’ to talk Eli Lilly raising Mounjaro prices. Source link
Marc Benioff, chairman and chief executive officer of Salesforce.com speaks during the grand opening ceremonies for the Salesforce Tower in San Francisco on May 22, 2018.David Paul Morris | Bloomberg | Getty ImagesActivist Starboard Value, one of the first investors to publicly push Salesforce to make changes three years ago, increased its stake in the U.S. software company by almost 50% in the second quarter, according to a regulatory filing on Thursday.The hedge fund reported owning 1.3 million shares in Salesforce on June 30, compared with 849,679 shares at the end of the first quarter when it boosted its stake…
Sam Altman turned OpenAI into a cultural phenomenon with ChatGPT.Now, three years later, he’s chasing where the real money is: Enterprise.Last week’s rollout of GPT-5, OpenAI’s newest artificial intelligence model, was rocky. Critics bashed its less-intuitive feel, ultimately leading the company to restore its legacy GPT-4 to paying chatbot customers.But GPT-5 isn’t about the consumer. It’s OpenAI’s effort to crack the enterprise market, where rival Anthropic has enjoyed a head start.One week in, and startups like Cursor, Vercel, and Factory say they’ve already made GPT-5 the default model in certain key products and tools, touting its faster setup, better results…
Hedge fund manager Michael Burry, who shot to fame by calling the subprime mortgage crisis, piled into shares and call options of the beaten-down UnitedHealth , a stock that Warren Buffett ‘s Berkshire Hathaway also purchased. Burry’s Scion Asset Management owned call contracts against 350,000 shares of UnitedHealth at the end of June, with unknown value, strike price or expiry, according to the filing. The notional value of the shares involved was more than $109 million at the end of the second quarter. Investors profit from calls when the underlying securities rise in price, but it’s not known if Burry still holds the…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Traders work on the floor of the New York Stock Exchange (NYSE) on August 12, 2025 in New York City. Spencer Platt | Getty ImagesS&P 500 futures are near flat Thursday night following the benchmark index’s third straight record close.Futures tied to the benchmark index ticked down 0.1%, while Nasdaq 100 futures shed 0.2%. Dow Jones Industrial Average futures rose 131 points, or 0.3%.UnitedHealth rallied more than 9% after Warren Buffett’s Berkshire Hathaway and Michael Burry’s Scion Asset Management announced positions in the insurer. Intel popped more than 3% following a Bloomberg report that the Trump administration is in discussions to…
The Applied Materials logo on Dec. 17, 2024.Nurphoto | Nurphoto | Getty ImagesApplied Materials shares sank more than 10% in extended trading Thursday as the semiconductor equipment company provided outlook for the current quarter that came in light.Here’s how Applied Materials did in its third-quarter earnings results versus LSEG consensus estimates:EPS: $2.48, adjusted, versus $2.36 estimated.Revenue: $7.3 billion vs $7.22 billion estimated.Applied Materials said it expects $2.11 per share in adjusted earnings in the current quarter, lower than LSEG estimates of $2.39 per share. The company said to expect $6.7 billion in revenue, versus $7.34 billion estimated.CEO Gary Dickerson said…
Check out the companies making headlines in after-hours trading. Applied Materials — The semiconductor equipment manufacturer tumbled 11% after the current-quarter outlook missed expectations of analysts polled by LSEG. Fiscal third-quarter earnings and revenue topped estimates. UnitedHealth — The insurer jumped nearly 8% after Warren Buffett’s Berkshire Hathaway revealed a new stake , according to a regulatory filing. Berkshire bought more than five million shares, amounting to a stake of more than $1.6 billion at the end of June. Sandisk — The data storage provider slumped almost 10% after posting a smaller non-GAAP gross margin than a year ago. The…
Appaloosa Management’s David Tepper on Thursday disclosed a new position in Intel , amid news reports that the Trump administration is considering a stake in the U.S. chipmaker. He also built a strong stake in beaten-down insurer UnitedHealth Group . The hedge fund billionaire built a sizable Intel stake of $179.2 million in Intel at the end of the second quarter, according to its latest regulatory filings. The disclosure comes after Bloomberg, citing sources familiar, said the U.S. government will potentially claim a stake in the chipmaker and support its efforts to expand domestic manufacturing. On Thursday, Intel shares closed…
