Russian forces have been closing in on the eastern Ukrainian city of Dobropillia, prompting urgent evacuations of residents just six miles from the front line. Source link
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David Zervos, JefferiesScott Mlyn | CNBCThe chances that Jefferies Chief Market Strategist David Zervos will become the next Federal Reserve Chair are jumping on prediction market Kalshi as the Trump administration considers several candidates to replace current Fed Chair Jerome Powell once his term expires next year.Users on Kalshi increased their bets that President Donald Trump will nominate Zervos to 15% Wednesday after sources told CNBC that Trump is looking at 11 candidates for Fed chair, including Zervos as well as others such as former Fed Governor Larry Lindsey and Rick Rieder – BlackRock’s chief investment officer for global fixed…
BWX Technologies ‘ nuclear portfolio could expand from the Earth’s high seas to outer space, according to Bank of America. BWXT, originally Babcock & Wilcox until a 2015 restructuring, is best known for supplying the U.S. Navy with nuclear reactors for submarines and aircraft carriers. The company also makes parts for the U.S. civilian nuclear fleet in the U.S. Business in both areas is strong, leading Bank of America to increase its stock price target for BWXT by 42%, to $220 per share from $155 previously, implying 22% upside from current levels. But BWXT has a more speculative area of…
In the face of blistering criticism from President Donald Trump, Goldman Sachs economist David Mericle on Wednesday stood by a controversial forecast that tariffs will begin to hit consumer wallets.Trump lashed out at the bank in a Tuesday post on Truth Social, suggesting that CEO David Solomon “get a new Economist” or consider resigning. Mericle, though, said in a CNBC interview that the firm is confident in its research, the president’s objections notwithstanding.”We stand by the results of this study,” he said on “Squawk on the Street.” “If the most recent tariffs, like the April tariff, follow the same pattern…
CoreWeave’s stock dropped 14% after the renter of artificial intelligence data centers reported a bigger-than-expected loss.In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a 21-cent loss per share expected by analysts polled by LSEG.CoreWeave’s results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refers to a set period of time following a market debut when insiders are restricted from selling shares.”We remain constructive long term and are encouraged by today’s…
CoreWeave’s latest quarterly results surpassed Wall Street’s expectations, and while analysts reacted favorably to the results, an upcoming lock-up expiration was another matter. CoreWeave – which rents out Nvidia chips to companies – posted second-quarter revenue of $1.21 billion, above the $1.08 billion that analysts surveyed by LSEG had estimated. The company also issued better-than-expected forward guidance. While CoreWeave shares shares more than doubled in the past three months, soaring 107%, the stock was down 12% in early trading Wednesday. CRWV 1D mountain CRWV, 1-day Some analysts said that the move lower could be tied to lock-up expiration effective at…
Bank of America says the defense contractor V2X is benefiting from a “scale and scope strategy coming to fruition.” BofA upgraded the 11-year-old, Reston, Virginia based manufacturer to buy from neutral on Wednesday, raising its price target to $65 per share from $55. The bank’s forecast implies more than 19% upside from Tuesday’s $54.56 close. V2X jumped 7% in early trading Wednesday, brining its year-to-date gain to 22%. Analyst Mariana Perez Mora pointed to V2X recently winning a contract tied to the T-6 aircraft “as a key enabler of growth.” “[W]e would expect to start to see full revenue contribution…
An independent contractor wearing a protective mask and gloves loads Amazon Prime grocery bags into a car outside a Whole Foods Market in Berkeley, California, on Oct. 7, 2020.David Paul Morris | Bloomberg | Getty ImagesAmazon is rolling out same-day delivery of fresh foods to more pockets of the U.S. as it looks to encourage shoppers to add meat and eggs to their order while they’re browsing its sprawling online store.The company announced Wednesday it’s bringing the service to more than 1,000 U.S. cities and towns, including Raleigh, North Carolina, Tampa, Florida, and Milwaukee, Wisconsin, with plans to reach at…
Check out the companies making headlines in premarket trading. Cava — The fast-casual restaurant chain plunged 23.6% after revenue came in at $280.6 million for the second quarter, missing the LSEG consensus forecast of $285.6 million. The company also missed expectations for same-store sales and lowered its forecast. However, Cava earned 16 cents per share in the quarter, exceeding Wall Street’s estimate of 13 cents. CoreWeave – The artificial intelligence infrastructure provider dropped about 9% despite it posting better-than-expected revenue for the second quarter. During an earnings call with analysts, CFO Nitin Agrawal said that revenue growth remains capacity constrained…
Goldman Sachs is turning more bullish on CACI International . Goldman double upgraded the cybersecurity, cloud and defense stock to buy from sell on Wednesday and raised its price target to $544 per share from $407. Goldman’s forecast implies about 14% upside from Tuesday’s $477.23 close. Analyst Noah Poponak said that CACI has emerged as the “best positioned company” in the information technology sector since the Trump administration took power earlier this year, especially since the stock is cheaper than some of its peers. The analyst also said he expects the company “to grow faster than peers over the medium-term.”…
