Check out the companies making the biggest moves midday: Figma — The design company tumbled 22%, giving back a chunk of its initial public offering gains from last week. Figma began trading at the New York Stock Exchange on Thursday, with the stock more than tripling in value on its first day. On Friday, shares gained another 5%. Fortrea — The pharma company rallied more than 21% following a Baird upgrade to outperform. “This isn’t about near-term numbers or Q2 or even 2025, this is about the long-term compounding opportunity. We anticipate being here for the long game,” Baird said.…
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Walt Disney could see strong earnings growth if current macroeconomic trends continue, according to Morgan Stanley. Morgan Stanley raised its price target to $140 per share from $120 and kept its overweight rating. The firm’s forecast calls for about 20% upside from Friday’s close. “If the macro backdrop remains healthy, we see Disney generating healthy double digit adj. EPS growth in the years ahead. Thanks to growth in its Experiences and Streaming businesses, it is poised to have rebuilt its pre-pandemic earnings base and hit new heights by FY27,” analyst Benjamin Swinburne said. DIS YTD mountain Disney stock in 2025.…
A window display of actress Sydney Sweeney is seen on a window of an American Eagle store on August 01, 2025 in New York City. Michael M. Santiago | Getty ImagesShares of American Eagle surged more than 15% on Monday after President Donald Trump complimented the retailer’s marketing campaign with actress Sydney Sweeney.”Sydney Sweeney, a registered Republican, has the ‘HOTTEST’ ad out there. It’s for American Eagle, and the jeans are ‘flying off the shelves.’ Go get ’em Sydney!” Trump wrote on his social media site Truth Social not long after markets opened. Shortly after Trump’s post, shares of American Eagle…
The logo for Wondery is displayed on a smartphone in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Tuesday, Sept. 29, 2020. Gabby Jones | Bloomberg | Getty ImagesAmazon is terminating some positions in its Wondery podcast division and the head of the group is leaving as part of a broader reshuffling of the company’s audio unit.In a Monday note to staffers, Steve Boom, Amazon’s vice president of audio, Twitch and games, said the company is consolidating some Wondery units under its Audible audiobook and podcasting division. Wondery CEO Jen Sargent is also stepping down…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — If I asked you what is the most important geographic location on earth for the modern internet, you might be tempted to guess Silicon Valley or perhaps somewhere in Asia. You’d be wrong. Believe it or not, it’s in Loudon County, Virginia, known by the locals as “Data Center Alley.” The Alley is home to the world’s largest cluster of data centers. According to the Wall Street Journal, approximately 70% (SEVENTY PERCENT!) of the entire world’s…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks were bouncing back Monday after selling off Friday in reaction to a weaker-than-expected July jobs report. The surprise miss, along with negative revisions to the prior two months, has shifted the market’s view on interest rates. “The economy is weaker, the Fed should cut — and if they cut, I think the market is going to go higher,” Jim Cramer said Monday. “Therefore, I like our portfolio even more.” Federal Reserve Chairman Jerome…
President Donald Trump said on Monday he will substantially raise tariffs on goods from India over its purchases of Russian oil. “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don’t care how many people in Ukraine are being killed by the Russian War Machine,” Trump said in a post on Truth Social.”Because of this, I will be substantially raising the Tariff paid by India to the USA.”He did not elaborate on what the tariff would be.India’s trade ministry did…
Jaque Silva | Nurphoto | Getty ImagesOpenAI is set to hit 700 million weekly active users for ChatGPT this week, up from 500 million in March, marking a more than fourfold year-over-year surge in growth, the company said Monday.The figure spans all ChatGPT artificial intelligence products — free, Plus Pro, Enterprise, Team, and Edu — and comes as daily user messages surpassed 3 billion, according to the company. The growth rate is also accelerating, compared with 2.5 times year-over-year growth at this time last year.”Every day, people and teams are learning, creating, and solving harder problems,” said Nick Turley, VP…
Check out the companies making headlines before the bell: Berkshire Hathaway — Class B shares of Warren Buffett’s conglomerate dipped nearly 1% in premarket after Berkshire’s operating profit fell 4% year over year to $11.16 billion in the second quarter, affected by a decline in insurance underwriting. Buffett’s cash hoard of $344.1 billion remained near a record high. The conglomerate was a net seller of stocks for the 11th quarter in a row. Amphenol — The cable parts supplier rose 2% after agreeing to acquire CommScope’s connectivity and cable solutions business for $10.5 billion in cash. The sale is expected…
Berkshire Hathaway ‘s second-quarter earnings report had a few surprising elements that caused shares to fall Monday, but few Wall Street analysts are abandoning Warren Buffett’s conglomerate. Berkshire’s operating profit from the company’s wholly-owned businesses, including insurance and railroads, dipped 4% year-over-year, to $11.16 billion in the second quarter. The Omaha-based conglomerate again issued a stern warning of the effect of President Donald Trump’s tariffs and the potential impact on its various businesses. Kraft Heinz write-down Most notably, Berkshire took a rare write-down of its underperforming Kraft Heinz stake. The conglomerate for the first time reduced the carrying value of…
