(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) On-line sports betting company DraftKings (DKNG) has yet to recoup its losses associated with the stock market’s tariff-related sell-off. DKNG peaked in mid February (same as the S & P 500 Index) and then sold off hard, until ricocheting in early April (same as the S & P 500 Index) but has yet to make new highs (the S & P 500 Index is above its pre-sell-off February peak). Our thinking here is to play DraftKings for a catch-up trade; we believe the stock is headed back to its…
Author: usaeverydaylife
Intel’s underlying problems won’t be solved by the U.S. government purchasing an equity stake in the struggling chipmaker, Bernstein warned clients in a note published Friday. The Trump administration is in talks with Intel to buy a stake in the company in order to help fund a delayed manufacturing hub in Ohio, people familiar with the plan told Bloomberg News . It is the latest example of President Donald Trump’s interest in building government-backed national champions in strategic industries, in a stark departure from the free-market orthodoxy of previous administrations. Investors welcomed the prospect of government intervention with Intel’s stock…
These are some of the stocks posting the largest midday moves. Source link
Chicago Federal Reserve President Austan Goolsbee said Friday a mixed bag of inflation data this week coupled with lingering uncertainty over tariffs have given him some hesitation about lowering interest rates.Previously, Goolsbee has spoken of a “golden path” that would combine moderating inflation and a stable labor market and lead to lower rates.But in a CNBC interview Goolsbee said he still wants to see some more convincing data before the Federal Open Market Committee meets on Sept. 16-17. Goolsbee is one of 12 FOMC voters this year.Reports this week on consumer and producer prices “put in a note of unease”…
Investors should snag shares of Tapestry on the dip, according to Wells Fargo. The bank reiterated an overweight rating on the fashion holding company and raised its price target to $120 per share from $100. The firm’s new forecast implies more than 25% upside from Thursday’s $95.69 close. Tapestry shares sold off nearly 16% on Thursday after the Coach parent warned that President Donald Trump’s tariffs will hit profits . However, Wells Fargo analyst Ike Boruchow said the pullback is a buying opportunity. TPR YTD mountain Tapestry stock in 2025. “While today’s selloff is due to a ‘weak’ FY26 outlook,…
UnitedHealth Group Inc. signage on the floor of the New York Stock Exchange on April 21, 2025.Michael Nagle | Bloomberg | Getty ImagesStock Chart IconStock chart iconUnitedHealth FridayShares of UnitedHealth were down nearly 50% for 2025 through Thursday’s close before Buffett’s filing. The largest private health insurer has become the face of public blowback in this country against the rising costs of health care. UnitedHealth is currently facing a Justice Department investigation into its Medicare billing practices.In May, the company pulled its annual earnings outlook and CEO Andrew Witty stepped down. Last month, UnitedHealth gave a new 2025 outlook that…
Applied Materials shares plunged more than 13% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China.The company forecasted adjusted earnings of $2.11 per this quarter, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate.During an earnings call with analysts, CEO Gary Dickerson said that the current macroeconomic backdrop and trade issues have fueled “increasing uncertainty and lower visibility,” primarily within its China business. He also said the guidance does not account for pending export license applications and assumes a significant backlog.Applied…
HSBC says its time to move to the sidelines on Cisco Systems . The bank downgraded the network infrastructure stock to hold in a Thursday note and lowered its price target to $69 per share from $73. HSBC’s forecast implies about 0.4% downside from Thursday’s close. Analyst Stephen Bersey said Cisco’s “restocking party seems over” after the company’s lukewarm quarterly results. “We expected Cisco’s networking segment to report improved growth vs a low base as its sector emerged from several quarters of destocking,” Bersey said. “Cisco’s networking revenue growth accelerated from -23.5% y-o-y in 1QFY25 to +12.2% in 4QFY25. Yet…
A government intervention in struggling chipmaker Intel is “essential” for the sake of national security, analyst Gil Luria said Friday, following a report that the Trump administration is weighing taking a stake in the company.”We’re all capitalists,” Luria, head of technology research at D.A. Davidson, said in an interview with CNBC’s “Squawk Box.” “We don’t want government to intervene and own private enterprise, but this is national security.”Bloomberg reported Thursday that the Trump administration is considering having the U.S. government take a stake in Intel. The news sent Intel shares higher, and the stock climbed again Friday.Intel previously declined to…
London’s FTSE 100 touched a fresh record high on Friday – and some market watchers see more upside ahead for the long-maligned index, with U.S. tariffs, macroeconomic influences and outperformance in certain sectors sparking a widespread reassessment of U.K. equities. The U.K. index — home to some of the world’s most renowned companies, including AstraZeneca , Shell , Unilever and Rolls-Royce — briefly climbed to an all-time intraday high on Friday, following four consecutive days of gains. It has since erased gains for the session, trading 0.2% lower by 1:53 p.m. in London (8:53 a.m. ET). .FTSE YTD line FTSE…
