The energy sector is lagging the S & P 500 this year, but Wolfe Research spotted a couple of stocks that could be poised to gain. Oil prices have been soft this year, with West Texas Intermediate crude futures off about 9% per barrel, and Brent crude futures down 8%. Supply of the commodity has remained plentiful, and eight members of the OPEC+ cartel agreed earlier this month to lift production by 548,000 barrels a day. Similarly, the performance of energy stocks has been lackluster, with the S & P 500 sector only up by about 1% in 2025 versus…
Author: usaeverydaylife
Jeffrey Epstein in 2004.Rick Friedman | Corbis News | Getty ImagesA federal judge on Wednesday denied a request by the Trump administration to unseal the transcripts of grand jury proceedings related to a criminal investigation of sex offender Jeffrey Epstein in Florida in the mid-2000s.The ruling does not affect two other pending requests by the Department of Justice that seek to obtain transcripts of grand jury proceedings related to later federal investigations of Epstein and his accomplice, Ghislaine Maxwell, in New York. Those separate proceedings led to criminal indictments of them in 2019 and 2020, respectively, in U.S. District Court…
Morgan Stanley expects a handful of stocks that are reporting quarterly results soon to see big gains. Second-quarter earnings season has so far impressed Wall Street, even as investors keep an eye on commentary about tariff-related uncertainty and artificial intelligence spending and demand. Of the 88 S & P 500 companies that have reported results, more than 82% have beaten analysts’ estimates, according to FactSet data. Analyst Michelle Weaver wrote in a Tuesday note to clients that Morgan Stanley expects a “normal” rate of companies outpacing earnings estimates this season. “Given the downward EPS revisions we saw in April /…
U.S. President Donald Trump meets with Philippine President Ferdinand Marcos Jr. (not pictured), in the Oval Office at the White House in Washington, D.C., U.S., July 22, 2025. Kent Nishimura | ReutersPresident Donald Trump on Tuesday said the administration is considering ending capital gains taxes on home sales to boost the housing market. When asked about the idea in the Oval Office on Tuesday, Trump told reporters, “we’re thinking about that.””If the Fed would lower the [interest] rates, we wouldn’t even have to do that,” he said. “But we are thinking about no tax on capital gains on houses.”Under current…
The VanEck Oil Services ETF (OIH) may not be making headlines lately — especially with large-cap growth and meme stocks dominating both the news cycle and performance rankings — but it has been showing signs of life, which we should keep on our radar going forward. First, it’s clear that the ETF has been trending higher since the April lows, though the advance has been jagged so far. OIH has been making higher lows, but each rally attempt has eventually been sold into. That being said, both of the recent pullbacks have respected the rising 50-day moving average, which now has begun to…
Check out the companies making headlines in midday trading: GE Vernova — Shares jumped 14% as strong power demand outweighed the effect of President Donald Trump’s tariffs. GE Vernova has raised its full-year guidance after a strong first half and said the tariff impact will likely come in at the low end of $300 million to $400 million. GoPro , Krispy Kreme — Reddit-obsessed retail traders found their new targets Wednesday, pushing up shares of wearable camera firm GoPro and doughnut maker Krispy Kreme by 21% and 8%, respectively. The so-called short squeeze could be at play as they both have…
Alphabet CEO Sundar Pichai speaks at a Google I/O event in Mountain View, Calif., Tuesday, May 20, 2025. Jeff Chiu | APAlphabet is set to report its second-quarter earnings after the bell Wednesday.Here’s what analysts polled by LSEG are expecting:Revenue: $93.94 billionEarnings per share: $2.18Wall Street is also watching these numbers in the report:YouTube advertising revenue: $9.56 billion, according to StreetAccountGoogle Cloud revenue: $13.11 billion, according to StreetAccountTraffic acquisition costs (TAC): $14.18 billion, according to StreetAccountAlphabet is among the megacaps expected to be a major driver of earnings growth during the second-quarter earnings season. Wall Street is anticipating the search giant to report a…
Elon Musk, chief executive officer of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris, June 16, 2023.Gonzalo Fuentes | ReutersTesla will report second-quarter results after the close of regular trading on Wednesday.Here’s what Wall Street expects, according to an average of estimates compiled by LSEG:Earnings per share: 43 centsRevenue: $22.74 billionRevenue in the period is expected to drop 11% from a year earlier, marking a second straight quarterly decline. In early July, Tesla reported a 14% year-over-year slide in vehicle deliveries to 384,000 for the second quarter.Deliveries are the closest approximation…
Galaxy Digital is poised to benefit from clearer cryptocurrency regulations and demand for artificial intelligence data centers, according to Jefferies. The investment bank initiated coverage of the crypto-linked stock on Tuesday with a buy rating and $35 price target, implying about 20% upside over the next 12 months from Tuesday’s close. Galaxy is a provider of crypto financial services — including trading, asset management, staking, lending and self-custody products — that ventured into bitcoin mining in 2020. That business, similar to other bitcoin miners in recent years, has since pivoted its mining sites into AI data center developments. Specifically, the…
Retail traders are on a buying spree that can keep equities marching to record highs. Scott Rubner of Citadel Securities pointed out in a note Wednesday that mom-and-pop traders have been net buyers of stocks for 19 straight trading sessions. That marks the longest buying streak since March 2021 and fifth longest on record. The hedge fund’s data also shows retail investors have been bullish in options for 12 weeks in a row, with the put-call ratio skewing in favor of call options. These contracts give the buyer the right to buy an underlying stock at a certain price. Put…
