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…
Author: usaeverydaylife
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…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — One of the primary purposes of keeping this Best Stocks in the Market List is to help us keep our biases in check. For example, my attitude toward the biotechnology segment of the stock market these days can be described as “extreme apathy.” I simply do not have time for the names in this group. The industry isn’t working, hasn’t been working, and has represented a massive opportunity cost versus the major averages over the last…
Shares of Viking Therapeutics fell more than 30% in premarket trading Tuesday after the company released mid-stage trial data on its obesity pill that disappointed investors. The results could be a blow to Viking, which was once seen as a hot M&A target as pharmaceutical companies scramble to join the booming market for obesity and diabetes drugs. It could reinforce Eli Lilly and Novo Nordisk’s dominance in the space, especially as they develop pills for weight loss that could enter the market years ahead of the tablet formulation of Viking’s drug, VK2735. Jared Holz, Mizuho health care equity strategist, said in an…
European markets have seen a resurgence this year, with multiple regional indexes outperforming their Wall Street rivals. Amid a broad push to diversify portfolios away from the U.S., some traders see an “unmatched advantage” and “really good investment opportunities” in particular area of Europe. Earlier this year, volatility arising from U.S. President Donald Trump’s unpredictable trade policies sparked widespread demand for assets outside of the United States . One of the beneficiaries of this movement was Europe , where investors saw a stable but undervalued market. But according to Frédérique Carrier, head of investment strategy for RBC Wealth Management in…
Check out the companies making headlines before the bell. Intel – Shares of the chipmaker jumped around 6% after it was announced that SoftBank will make a roughly $2 billion investment in the company, paying $23 per share for Intel’s common stock. This comes as the U.S. government reportedly has been considering taking a stake in Intel. Palo Alto Networks – The cybersecurity stock gained more than 6% after the company’s fiscal fourth-quarter results topped Wall Street’s expectations. Palo Alto also posted better-than-expected first-quarter and full-year guidance and announced that its founder and chief technology officer, Nir Zuk, is retiring.…
Caterpillar could have a rosy road ahead, according to Evercore ISI. Evercore upgraded the construction equipment stock to outperform from in line on Monday, and raised its price target to $476 per share from $373. Evercore’s forecast calls for more than 15% upside from Monday’s $412.64 close. The firm also added Caterpillar to its five favorite stocks. Analyst David Raso pointed to the company’s volume leverage and geographic mix as a bright spot in a difficult construction segment overall, and said the U.S. is where “the end of machine destocking will be the most beneficial.” CAT YTD mountain Caterpillar stock…
Treasury Secretary Scott Bessent said Tuesday he will begin interviewing candidates for Federal Reserve chair as soon as the White House whittles down what has suddenly become a crowded field.In a CNBC “Squawk Box” interview, Bessent confirmed the race to replace current Chair Jerome Powell is between 11 candidates, an array that includes past and present central bank officials as well as economists, a White House advisor and a few Wall Street market experts.”In terms of the interview process, we’ve announced 11 very strong candidates. I’m going to be meeting with them probably right after, Labor Day, and to start…
Jaque Silva | Nurphoto | Getty ImagesJeff Wang got a big promotion last month. There were lots of tears, but not the happy kind.The 39-year-old was unexpectedly named interim CEO of artificial intelligence coding startup Windsurf. The company had been in discussions with OpenAI about a potential acquisition that would have resulted in a handsome payday for many employees. But the talks fell apart and, on July 11, several founders and top researchers instead left to join Google as part of a $2.4 billion licensing deal. As one of the highest-ranking executives remaining at Windsurf, Wang was elevated to the top…
