Two new ETFs aim to give investors a way to find positive returns even when the stock market declines, offering a new defensive tool for portfolios. On Tuesday, Innovator Capital Management is rolling out the Equity Dual Directional 15 Buffer ETF — July (DDFL) and Equity Dual Directional 10 Buffer ETF — July (DDTL). The funds are designed to deliver positive returns to investors in most market environments, including when the S & P 500 drops. In severe market downturns, the funds are expected to fall but still significantly outperform the index. The Innovator funds are an example of what…
Author: usaeverydaylife
My top 10 things to watch Tuesday, July 1 1. Amazon’s Project Kuiper is using every rocket available to get rolling. AI-powered Alexa+ could help power personal robots in our homes. Those are just a couple takeaways from my interview last night with CEO Andy Jassy. We also touched on Club name’s rural expansion, chip ambitions and more. 2. Tesla shares slid more than 6% this morning after President Donald Trump said the Department of Government Efficiency should look at cutting subsidies for Elon Musk’s companies. “Elon may get more subsidy than any human being in history,” Trump wrote on…
Elon Musk speaks with U.S. President-elect Donald Trump as they watch the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas.Brandon Bell | Getty Images News | Getty ImagesShares of Tesla were under pressure on Tuesday after President Donald Trump said in a late night social media post that the federal government should look into cutting subsidies for Elon Musk’s companies.”Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa.…
Here are the biggest calls on Wall Street on Tuesday: Goldman Sachs upgrades Hasbro to buy from neutral Goldman says it sees upside to consensus for the toy company. “We upgrade shares of Hasbro (HAS) to Buy (from Neutral) and increase our Price Target to $85 ($66 prior), representing 21% total potential return.” Read more . Goldman Sachs upgrades Ovintiv to buy from neutral Goldman says it sees robust free-cash flow from the nat gas company. “We upgrade Ovintiv from Neutral to Buy given our expectations for outsized free cash flow generation…” Goldman Sachs upgrades Oshkosh to buy from neutral…
Newly public virtual care company Omada Health is a strong pick for investors seeking long-term growth, according to Goldman Sachs. Analyst David Roman initiated coverage of Omada Health with a buy rating and 12-month price target of $29. That suggests roughly 58.5% potential upside ahead for the stock, which made its public debut on the Nasdaq on June 6. “At current levels — considering the growth trajectory of the business, near-term path to profitability, and below peer valuation — we see OMDA offering compelling risk/reward,” Roman wrote in a Monday note to clients. Roman is particularly bullish on Omada’s clinical…
The strength of Hasbro’s gaming portfolio is being overlooked by investors, according to Goldman Sachs. Analyst Stephen Laszczyk upgraded shares of the toymaker to buy from neutral and lifted his 12-month price target by $19 to $85. That suggests the stock could jump about 15.1% from Monday’s close. “We believe Hasbro is well-positioned to exceed consensus expectations in 2026+ across revenue, adjusted EBITDA, and free cash flow,” Laszczyk wrote in a Monday note to clients. He added that his 17.5x target price-to-earnings multiple is in line with where other scaled video game and digital media companies trade. The analyst’s pointed…
One in three drivers is behind the wheel without enough car insurance, a figure that’s been climbing since the pandemic.Looking at claims data from between 2017 and 2023, a report from the Insurance Research Council found the rate of U.S. drivers who were either underinsured or completely uninsured jumped from 23% to 33.4%.Nearly every state requires motorists to carry some amount of liability insurance to be on the road legally. In 2017, less than 11% of car accidents with injuries resulted in medical bills higher than the at-fault driver’s liability coverage. That figure rose to 14.7% in 2020 and, by 2023, nearly…
Andrew Bailey, governor of the Bank of England, at the central bank’s headquarters in the City of London, U.K., on Nov. 29, 2024. Hollie Adams | Bloomberg | Getty ImagesBank of England Governor Andrew Bailey told CNBC Tuesday that “the path of interest rates will continue to be gradually downwards,” as the central bank juggles taming inflation and stoking elusive economic growth.”I haven’t changed my mind on that,” he told CNBC’s Annette Weisbach in Sintra, Portugal, where the European Central Bank is holding a forum. “But in terms of where are we going to go in the next meeting? Well, we’ll…
Jaque Silva | Nurphoto | Getty ImagesInternet firm Cloudflare will start blocking artificial intelligence crawlers from accessing content without website owners’ permission or compensation by default, in a move that could significantly impact AI developers’ ability to train their models.Starting Tuesday, every new web domain that signs up to Cloudflare will be asked if they want to allow AI crawlers, effectively giving them the ability to prevent bots from scraping data from their websites.Cloudflare is what’s called a content delivery network, or CDN. It helps businesses deliver online content and applications faster by caching the data closer to end-users. They…
Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe.Jaap Arriens | Nurphoto | Getty ImagesXAI, the artificial intelligence startup run by Elon Musk, raised a combined $10 billion in debt and equity, Morgan Stanley said.Half of that sum was clinched through secured notes and term loans, while a separate $5 billion was secured through strategic equity investment, the bank said on Monday.The funding gives xAI more firepower to build out infrastructure and develop its Grok AI chatbot as it looks to compete with bitter rival OpenAI, as well…
