Check out the companies making headlines in midday trading Robinhood — The brokerage stock climbed 7% as traders speculated that it could soon be added to the S & P 500. A spot in the index was opened by Hewlett Packard Enterprise’s acquisition of Juniper Networks, which officially closed on Wednesday. Tesla — Shares of the electric vehicle maker jumped 4% after second-quarter vehicle deliveries came in about in line with estimates. Tesla delivered 384,000 vehicles during the period, a 14% decline from a year ago. The number was just shy of analyst estimates of 387,000 deliveries, according to FactSet.…
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Health care stocks could be the place to hide out for investors bracing for what many expect will be a volatile second half of the year. The industry is just starting to outperform, as traders rotate into a sector that is starting to look cheap after lagging this year. S & P 500 health care stocks are selling at 17 times forward earnings, far below their historical valuation. The entire S & P 500 sells for 23 times forward P/E. Exclude Eli Lilly , a high-flier thanks to its diabetes- and obesity treatments, and health care looks even more attractively…
A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023.Dado Ruvic | ReutersStocks tied to the price of ether, better known as ETH, were higher on Wednesday, reflecting renewed enthusiasm for the crypto asset amid a surge of interest in stablecoins and tokenization.BitMine Immersion Technologies, a bitcoin miner that announced plans this week to make ETH its primary treasury reserve asset, jumped about 20%. It’s gained more than 1,000% since the announcement. Betting platform SharpLink Gaming, which has also initiated an ETH treasury strategy, added more than 11%. Bit Digital, which last week…
CANNES — Robinhood stock hit the $100 mark for the first time, capping off a week of fresh all-time highs and renewed investor confidence. Shares are now tracking their best performance since April, up more than 30% since the trading app was snubbed from the S&P 500.The milestone follows a major strategic swing in Europe, where Robinhood unveiled its most ambitious crypto expansion to date — one aimed at re-engineering the financial infrastructure itself. At an event held in a Belle Époque mansion along the French Riviera, Robinhood executives laid out a vision to bring thousands of tokenized stocks, ETFs,…
Strong fundamentals and the potential for robust returns make Chinese online lending platform Qifu Technology an attractive buy, according to JPMorgan. The bank initiated the stock with an overweight rating and a $65 per share price target. JPMorgan’s forecast implies more than 51% upside from Tuesday’s close. Analyst Katherine Lei said Qifu’s return on equity — a widely followed profitability measure — will grow at a 9% clip from 2024 to 2027, while its earnings expand at a compounded annual growth rate of 24%. That’s the highest growth rate among Chinese lenders covered by JPMorgan, Lei said. She also pointed…
A customer shops for a purse in a Macy’s store on March 25, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty ImagesThe impact of President Trump’s tariffs on prices throughout the economy is expected to increase over the summer. At U.S. department store chains including Macy’s, Nordstrom, and Dillard’s, the evidence of more sticker price inflation is starting to show up across more items.Recent price increases in apparel, footwear, and bags across major U.S. department-store websites tracked by DataWeave indicate a turning point in May, when prices started their ascent.DataWeave analyzes nearly 15,000 SKUs (stock keeping…
The X logo appears on a phone, and the xAI logo is displayed on a laptop in Krakow, Poland, on April 1, 2025. (Photo by Klaudia Radecka/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesElon Musk’s social media platform X was hit with an outage on Wednesday, leaving some users unable to load the site.More than 15,000 users reported issues with the platform at around 9:53 a.m. ET, according to analytics firm Downdetector, which gathers data from users who spot glitches and report them to service.The issues appeared to be largely resolved by 10:30 a.m., though some users continue to…
Steven Alexopoulos, TD Cowen U.S. large cap bank analyst, believes artificial intelligence has created a huge buying opportunity in his favorite bank picks like JPMorgan — one last seen in the aftermath of the Global Financial Crisis — even with some of the shares trading at record highs. The analyst said the focus of AI will widen out from the builders like Nvidia to companies that use the technology to unlock massive economic value. Banks, for example, are going to apply AI to every corner of their businesses from credit decisions to portfolio management to customer experience. “The number two…
A worker stitches apparels at a garment factory in Vietnam’s Thai Nguyen Province on July 2, 2025. Nhac Nguyen | Afp | Getty ImagesPresident Donald Trump said Wednesday that the United States has struck a trade deal with Vietnam.Trump’s Truth Social post announcing that deal provided no additional information, but assured that more details were forthcoming.This is breaking news. Please refresh for updates. Source link
Speaker of the House Mike Johnson (R-LA) speaks with reporters as he returns to his office after going to the House Rules Committee as it holds a hearing to consider the One, Big, Beautiful Bill Act at the U.S. Capitol on July 01, 2025 in Washington, DC. House Republicans began their work on the legislation less than two hours after the Senate passed its version. Chip Somodevilla | Getty Images News | Getty ImagesRepublican leaders in the U.S. House are racing to hold a vote Wednesday on President Donald Trump’s marquee domestic policy package, but weather woes and persistent GOP…
