Tesla has big shoes to fill in robotics and driving software and is making significant progress in those goals, according to RBC Capital Markets. The investment firm maintained its outperform rating on the electric vehicle stock while lifting its price target by $4 to $325, which analyst Tom Narayan said incorporates Tesla’s 2026 valuation and global humanoid robot penetration estimates. Narayan’s new price target suggests shares are fairly valued, as the stock last closed at $325.59 per share. Shares are down more than 19% year to date. “Should Tesla be successful on all of its goals, its valuation could far…
Author: usaeverydaylife
Check out the companies making headlines before the bell. Chart Industries — Shares of the gas equipment manufacturer surged 16% after it agreed to be acquired by Baker Hughes for $13.6 billion. Chart Industries had previously been in merger talks with power equipment supplier Flowserve , which was last up 8%. Baker Hughes shares fell 3%. The deal news comes as Chart reported better-than-expected second-quarter earnings, excluding items. Sarepta Therapeutics — The biopharmaceutical stock soared 38% after announcing that the Food and Drug Administration had recommended removing its voluntary hold on Elevidys for use with ambulatory patients, which was instated…
Over the years, Meta has built a reputation for using rivals’ innovations to bolster its technology. But its decision to copy a Chinese artificial intelligence lab in 2025 in an effort to compete with OpenAI backfired, forcing the company to overhaul its AI strategy. In a rush to mimic the techniques developed by Chinese startup DeepSeek, Meta released a new version of its Llama family of AI models that disappointed third-party developers, according to people familiar with the matter. The reaction was so bad that CEO Mark Zuckerberg decided to spend billions of dollars to revamp the company’s AI unit, and…
Thomas Fuller | Lightrocket | Getty ImagesSpotify shares dropped about 4% Tuesday after the music streaming platform fell short of Wall Street’s expectations and posted weak guidance for the current quarter.Here’s how the company did versus LSEG estimates:Loss: Loss of .42 euros vs earnings of 1.90 euros per share expectedRevenue: 4.19 billion euros vs. 4.26 billion expectedThe Sweden-based music platform’s revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a net loss of 86 million euros, or a loss of .42 euros per share, down from net income of 225 million euros, or 1.10…
Bank of America is moving to the sidelines on Whirlpool after the company’s latest results suggest weaker near-term growth. Analyst Rafe Jadrosich downgraded Whirlpool to underperform from neutral. Accompanying the move, he lowered his price target by $30 to $70 to reflect the company’s dividend cut and elevated leverage, he said. Jadrosich’s new price target on the home appliance stock — which is already down roughly 14.5% this year — implies shares could lose another 28.5%. “We expect near-term uncertainty related to slowing discretionary demand, higher promotions, and a volatile environment in international markets to constrain WHR’s valuation multiple in…
A Norfolk Southern locomotive at a rail yard in Chicago, Illinois, US, on Friday, July 25, 2025. Jim Vondruska/Bloomberg via Getty Images | Bloomberg | Getty ImagesUnion Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85 billion deal, to create the nation’s first coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the country.If approved, the deal would combine Union Pacific’s stronghold in the western two-thirds of the U.S. with Norfolk’s 19,500-mile network that primarily spans 22 eastern states.This would mark the largest-ever buyout in the sector, merging Union…
Medical bottles and a syringe are seen with the Novo Nordisk logo displayed on a screen in the background.Nurphoto | Nurphoto | Getty ImagesDanish pharmaceutical giant Novo Nordisk on Tuesday cut its full-year sales and profit guidance, citing weaker growth expectations for its Wegovy obesity drug in the key U.S. market.Shares were down 17% at 12:30 p.m. London time, shortly after the announcement (7:30 a.m. ET).The company said it now expects full-year sales growth of 8% to 14% at constant exchange rates, down from a prior target of 13% to 21%.It expects annual operating profit growth of 10% to 16%…
The nose cone of a Boeing 787 being displayed on the tarmac during the Paris Air Show at Le Bourget Airport, outside Paris, June 25, 2023.Nicolas Economou | Nurphoto | Getty ImagesBoeing slashed its quarterly losses as sales jumped after it delivered the most airplanes since 2018, the clearest sign yet of improvement at the manufacturer that has swung from crisis to crisis for years.Here’s how Boeing performed in the second quarter, compared with estimates compiled by LSEG:Loss per share: $1.24 adjusted vs a loss of $1.48 expectedRevenue: $22.75 billion vs $21.84 billion expectedThe aerospace giant lost $176 million in the three months ended June…
PayPal reported better-than-expected results for the second quarter and raised its full-year guidance for transaction margin dollars and earnings per share. The stock slipped more than 4% following the report.Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:Earnings per share: $1.40 adjusted vs. $1.30 expectedRevenue: $8.29 billion vs. $8.08 billion expectedSales increased 5% from $7.89 billion a year earlier, as CEO Alex Chriss worked to roll off lower-margin revenue streams.Transaction margin dollars, a key measure of profitability, rose 7% to $3.84 billion, marking the company’s sixth straight quarter of growth.Total payment volume, an…
UnitedHealthcare signage is displayed on an office building in Phoenix, Arizona, on July 19, 2023.Patrick T. Fallon | Afp | Getty ImagesUnitedHealth Group on Tuesday issued a 2025 outlook that fell short of Wall Street’s expectations, as the company’s insurance unit continues to grapple with higher medical costs.Shares of UnitedHealth Group fell more than 3% in premarket trading on Tuesday. The company anticipates it will post 2025 adjusted earnings of at least $16 per share, with revenue of $445.5 billion to $448 billion. Wall Street analysts had expected 2025 adjusted profit of $20.91 per share, and full-year revenue of $449.16…
