Stocks with durable growth and rising forecasts could outperform this earnings season, according to Wolfe Research. Financial results will be pouring in this week, with 35 stocks in the S & P 500 — or about 7% of the benchmark — on the schedule to report their latest earnings. Big banks including JPMorgan Chase , Wells Fargo , Citigroup , BlackRock , Bank of New York Mellon and State Street commenced the season on Tuesday morning. Other headliners reporting this week include PepsiCo , Netflix , United Airlines , 3M and Johnson & Johnson . In a Monday note, Wolfe Research…
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A measure of wholesale prices showed no change in June, providing a conflicting sign over whether tariffs threaten to boost inflation in the coming months.The producer price index was flat, according to seasonally adjusted numbers from the Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had been looking for an increase of 0.2%.The same was true for core PPI, which also was expected to show a 0.2% rise.Combined with Tuesday’s consumer price index release, the data suggests that President Donald Trump’s tariffs are indicating only a marginal bite on the U.S. economy and the prices for goods…
It may be a strategic time to pivot away from this year’s Big Tech winners.Bob Elliott, who runs Unlimited Funds, suggests building portfolios designed to withstand a slowing economy over the next six months should be a priority.”You’re talking about positions long bonds, long gold and short the U.S. dollar,” the firm’s CEO and chief investment officer told “ETF Edge” this week. “That’s a very non-consensus view that is also favored by some of the smartest financial minds in the world [and] in the hedge fund community.”Elliott’s firm Unlimited Funds uses proprietary technology to create accessible alternative investment strategies, including…
Here are Wednesday’s biggest calls on Wall Street: Deutsche Bank reiterates Nvidia as buy Deutsche raised its price target on Nvidia to $155 per share from $145. “We generally anticipate strong 2Q/3Q reports/guides for companies across our coverage given that the macro/tariff overhang from 1Q has largely dissipated. In theory, this should give companies in our universe improved visibility on end-market demand into the second-half of the year.” Baird reiterates Tesla as neutral Baird said it’s cautious on Tesla ahead of earnings next week. “We see risk to estimates stemming from both 1) full-year volume outlook and 2) potential margin…
Global investors may be underestimating U.S. President Donald Trump’s commitment to follow through on his latest tariff threats, some market watchers have warned. In his latest trade policy update, Trump announced that he would be slapping 30% tariffs on goods imported to the U.S. from the European Union and Mexico from Aug. 1. European markets had a muted reaction to the news, with the pan-European Stoxx 600 index ending Monday’s session — the first after Trump sent his letter to the EU — 0.06% lower. Tuesday’s session saw a slightly deeper sell-off , with the index shedding 0.4%, but sentiment…
Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media in Beijing, China, on Wednesday, July 16, 2025. Na Bian | Bloomberg | Getty ImagesNvidia is looking to ship more advanced chips to China than its current generation, CEO Jensen Huang said on Wednesday, as he looks to revitalize sales in the world’s second-largest economy.The comments come after Nvidia said on Monday that it will resume sales of its H20 artificial intelligence chip to China, reversing a previous ban. The H20 is a less-advanced semiconductor designed for AI workloads that comply with U.S. export restrictions to…
People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. Spencer Platt | Getty ImagesMorgan Stanley on Wednesday reported second-quarter results that crushed Wall Street expectations on the back of higher trading revenues.Here’s what the bank reported for the second quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.13 vs. $1.96 expectedRevenue: $16.79 billion versus $16.07 billion expectedNet income rose 13% to $3.5 billion, or $2.13 per share, from $3.1 billion, or $1.82 per share, for the same period a year ago.Institutional securities reported net…
Nvidia CEO Jensen Huang speaks to journalists as he arrives for a press conference at a hotel in Beijing on July 16, 2025. Adek Berry | Afp | Getty ImagesBEIJING — Nvidia CEO Jensen Huang was all smiles and compliments as he made his third trip to China in just about half a year.As the leader and co-founder of the world’s first, newly-minted $4 trillion market cap company, Huang had particular reasons to be happy when he met the press on Wednesday: Nvidia expected it would be able to resume sales of its less advanced H20 artificial intelligence chips to…
Shares of GDS Holdings may see a boost as artificial intelligence darling Nvidia resumes shipments to China, according to JPMorgan. The firm upgraded the data center stock to overweight from neutral and raised its price target to $46 from $34. That updated target calls for about 22% upside from Monday’s closing level. Earlier this week, Nvidia said that it hopes to start deliveries of its H20 general processing units “soon” after the U.S. government assured it that licenses would be granted. The company halted sales back in April after the U.S. government said that it would need a license to…
Check out the companies making headlines in premarket trading. Bank of America — Shares popped 1.5% after the bank earned 89 cents per share for the second quarter, beating the consensus forecast of 86 cents a share from analysts polled by LSEG. But revenue came in at $26.61 billion, slightly below the $26.72 billion figure penciled in by Wall Street. Morgan Stanley — Shares ticked 0.3% lower despite the financial institution beating second-quarter estimates. Morgan Stanley earned $2.13 per share and saw $16.79 billion in revenue, while analysts anticipated earnings of $1.96 a share and $16.07 billion in revenue, per…
