Shares of Clearwater Analytics are poised for a comeback, helped by free cash flow in the core business that’s growing by more than 02% annually and a planned conference with investors set for early Sept., according to Goldman Sachs. The Wall Street investment bank upgraded Boise, Idaho-based Clearwater to buy from neutral but kept its price target at $27, implying more than 46% upside from Monday’s close. Clearwater, a provider of investment portfolio accounting and other business tools, has tumbled 33% so far in 2025. Much of the decline was caused concerns tied to the quality of Clearwater’s acquired assets,…
Author: usaeverydaylife
My top 10 things to watch Tuesday, Aug. 12 1. The July consumer price index rose 2.7% on an annual basis, below the 2.8% expected. When stripping out volatile food and energy prices, core CPI rose 3.1%, slightly above the Dow Jones consensus of 3%. The market liked the numbers, with stock futures rising after the numbers were posted. 2. The impact of President Donald Trump’s tariffs, so far, has not resulted in worrisome inflation. Trump yesterday extended the China tariff deadline by 90 days. That means U.S. tariffs on Chinese imports remain at 30% and China’s tariffs on U.S.…
U.S. President Donald Trump, joined by Republican lawmakers, signs the One, Big Beautiful Bill Act into law during an Independence Day military family picnic on the South Lawn of the White House on July 04, 2025 in Washington, DC.Samuel Corum | Getty Images News | Getty ImagesPresident Donald Trump’s tax and spending law will result in less income for the poorest Americans while sending money to the richest, the nonpartisan Congressional Budget Office reported Monday.The CBO estimates that the 10% of poorest Americans will lose roughly $1,200 a year as they experience restrictions on government programs like Medicaid and food…
A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, U.S., June 22, 2025. Joel Angel Juarez | ReutersTesla is recruiting test drivers in New York to operate cars with “automated driving systems,” but the company hasn’t applied for the permits it would need to test autonomous vehicles in the nation’s largest city.A job opening on Tesla’s website says the company is looking to hire vehicle operators in the borough of Queens. The hires will be “responsible for driving an engineering vehicle for extended periods, conducting dynamic audio and camera data collection for testing and training…
A widely followed measure of inflation accelerated slightly less than expected in July on an annual basis as President Donald Trump’s tariffs showed mostly modest impacts.The consumer price index increased a seasonally adjusted 0.2% for the month and 2.7% on a 12-month basis, the Bureau of Labor Statistics reported Tuesday. That compared to the respective Dow Jones estimates for 0.2% and 2.8%.Excluding food and energy, core CPI increased 0.3% for the month and 3.1% from a year ago, compared to the forecasts for 0.3% and 3%. Federal Reserve officials generally consider core inflation to be a better reading for longer-term…
Check out the companies making headlines before the bell: Hanesbrands , Gildan Activewear — The T-shirt maker surged more than 42% after the Financial Times reported , citing people familiar with the matter, that Hanesbrands was nearing a deal to be acquired by Gildan for nearly $5 billion. Gildan shares slid more than 5%. Sinclair — Shares soared more than 18% after Sinclair, one of the largest owners of television stations, started a strategic review of its business that could result in a merger or spinoff of its Ventures business. On Holding AG — U.S. shares of the Swiss sportswear…
Here are Tuesday’s biggest calls on Wall Street: Goldman Sachs upgrades Clearwater Analytics to buy from neutral Goldman said the software company is well positioned for growth. “We upgrade Clearwater (CWAN) to Buy from Neutral and maintain our 12-month price target of $27 (37% upside).” Goldman Sachs initiates Uranium Energy as buy Goldman said it’s bullish on shares of the “pure-play, US-based uranium mining company.” “We initiate coverage of Uranium Energy Corp (UEC) with a Buy rating with ~30% implied upside to our 12-month price target of $13.” Piper Sandler upgrades Chipotle to overweight from neutral Piper said the risk-reward…
Now is the time for investors to buy shares of monday.com , according to Morgan Stanley. The firm upgraded the stock to overweight from equal weight but slashed its price target to $260 from $330. However, that updated target still implies 49.3% upside from Monday’s close. Shares tumbled nearly 30% during Monday’s session after monday.com’s second-quarter results came out. While earnings and revenue beat analyst expectations, mixed third-quarter guidance and lackluster metrics sent the stock plunging. “Skinnier beat against higher expectations and focus on paid search commentary drove shares meaningfully lower, creating the entry point for which we’ve been waiting,”…
As of July 25, porn sites are required to implement effective age verification methods for U.K. users.Jack Taylor | Getty ImagesIt was well intentioned but a U.K. law mandating age verification on adult sites and a number of other platforms has sparked a backlash from both internet users in the country, and U.S. politicians and tech giants.Last month, new provisions in the Online Safety Act requiring large online platforms to implement age checks to prevent children from accessing pornographic and appropriate material came into force.The measures have led PornHub, RedTube and other porn sites to force U.K. visitors to sign…
Starbucks may be set up for gains as its turnaround strategy takes hold over the coming quarters, according to Baird. The firm upgraded the coffee chain to outperform from neutral and increased its price target by $15 to $115. Its updated target calls for more than 25% upside from Monday’s close. The stock has come under pressure in the past month, falling more than 3%, on the heels of its latest quarterly results showing its sixth consecutive quarter of same-store sales declines . But with CEO Brian Niccol saying that the company is “gaining momentum,” analyst David Tarantino thinks growth…
