JPMorgan is moving to the sidelines on Procter & Gamble ahead of its fiscal fourth-quarter earnings report next Tuesday. The bank downgraded shares of the consumer goods manufacturer to a neutral rating from overweight, citing expectations of “another lackluster quarter and normalization of category growth.” Analyst Andrea Teixeira’s price target of $170 per share, down from $178, still implies an upside of 7% from here. Shares of Procter & Gamble have slipped 5% in 2025. PG YTD mountain PG YTD chart Ahead of the company’s earnings release, Teixeira lowered her organic sales estimates for its fiscal fourth quarter. “We are…
Author: usaeverydaylife
US President Donald Trump delivers remarks at the “Winning the AI Race” AI Summit at the Andrew W. Mellon Auditorium in Washington, DC, on July 23, 2025.Andrew Caballero-reynolds | Afp | Getty ImagesBrussels is preparing for a no-deal scenario as uncertainty persists about if and when a trade agreement between the European Union and U.S. will materialize.Lawmakers on Thursday signed off on a major package of counter-tariffs which would target a wide range of goods and discussions are reportedly ongoing about deploying the EU’s so-called “trade bazooka.”Measures could kick in soon as there are just a few days left before…
Piper Sandler is the latest firm to highlight Palantir as a strong winning candidate in the artificial intelligence boom. The bank initiated coverage of the software stock at an overweight rating and price target of $175, which offers upside of approximately 13% from Palantir’s Thursday closing price. Shares have surged nearly 105% this year. PLTR YTD mountain PLTR YTD chart Piper Sandler analyst Brent Bracelin called Palantir a solid buy, despite its massive year-to-date runup. “No doubt, PLTR carries a rich valuation premium and remains a high-risk investment, but it also has a one-of-a-kind growth+margin model that if proven durable…
The Comcast NBCUniversal building is seen in Los Angeles, California, November 20, 2024. Etienne Laurent | AFP | Getty ImagesThe broadcast show “E! News” will end this year, concluding a run that began in 1991 but was interrupted during the Covid-19 pandemic, a source close to the situation said.The person confirmed the plans to cancel the broadcast show to NBC News, after the news was reported earlier Thursday by Variety and other publications. Its final tape date will be Sept, 25. Employees were notified Thursday morning.The entertainment network will remain online. “Access Hollywood” and “Access Daily” will continue their broadcasts.The broadcast show launched…
IonQ CEO Niccolo de Masi told CNBC’s Jim Cramer on Thursday that major advances in quantum computing are fast-approaching.”The era of what’s called quantum supremacy is just around the corner,” De Masi said. “It’s coming in quarters and very low single-digit years, and that’s getting people, obviously, pretty excited about the fact that we’ll be able to do things to help every area of applied science.”IonQ is one of the major players in the quantum computing space, along with Rigetti Computing, D-Wave Quantum and Quantum Computing. The company is developing both quantum computers and quantum networking equipment, De Masi said.Wall…
Tesla’s going through a bumpy ride.The electric vehicle company on Wednesday reported a second consecutive quarter of declining auto sales. In Europe, Tesla’s market share fell for the sixth straight month to 2.8% in June from 3.4% a year ago.The Trump administration’s plans to reportedly roll back the U.S.’ push for cleaner vehicles will probably hit Tesla further.A $7,500 EV tax credit in the U.S. will expire at the end of September, indirectly raising the cost of Tesla vehicles. Meanwhile, traditional carmakers will no longer need to purchase EV regulatory credits from Tesla — which receives them for free because…
While the health care sector has been a chronic underperformer in recent years, our process is showing that a number of stocks in this struggling sector are exhibiting real signs of strength. With an encouraging earnings report this week, followed by an impressive breakout above resistance, Boston Scientific Corp. (BSX) may be setting up for significant gains beyond current levels. The daily chart shows how BSX is setting up with a classic “big base breakout” pattern, where a multi-month consolidation pattern is finally exited with a significant upside move. As legendary technical analyst Alan Shaw used to say, “The bigger…
India has resumed issuing tourist visas to Chinese citizens for the first time in five years starting Thursday, according to a Weibo post by the Indian embassy in China on Wednesday, marking a significant step in de-escalating tensions between the two countries.Tensions between China and India escalated after their military clashed in June 2020 over their disputed Himalayan border, which resulted in casualties on both sides, according to Reuters.Following the deadly incident, India rolled out restrictions on Chinese investments and barred access to many Chinese applications, including Shein, TikTok and Weibo.Both countries have moved toward rebuilding their relationship with several high-level…
Sign at the entrance to the Puma store in Midtown Manhattan.Erik Mcgregor | Lightrocket | Getty ImagesPuma shares plummeted 18% Friday after the German sportwear brand posted worse-than-expected second-quarter sales and cut its full-year guidance, flagging the impact of U.S. trade tariffs.In a preliminary updated after markets closed on Thursday, the retailer said it expects full-year sales to decline by a low-double digit percentage this year, compared with its prior forecast of sales growth in the low- to mid-single digit range.Puma also said it expects to post an operating profit loss in 2025 — a huge swing from the 445…
A Cambodian BM-21 multiple rocket launcher returns from the Cambodia-Thai border as Cambodian and Thai troops exchanged fire in a new round of clashes in Preah Vihear province on July 24, 2025.Str | Afp | Getty ImagesThe escalating conflict between Thailand and Cambodia could have a negative impact on their tourism-dependent economies, but Cambodia’s is more vulnerable, analysts said.Both countries exchanged fire across the border in multiple areas on Thursday after weeks of simmering tensions, with least 11 civilian deaths.Tourism is a significant economic driver for both countries, contributing about 12% and 9% to Thailand’s and Cambodia’s gross domestic product,…
