An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Roselle Chen | ReutersJoby Aviation stock soared about 14% as the flying air taxi maker got closer to launching a service in the United Arab Emirates.The electric vertical takeoff and landing, or eVTOL, company said Monday that it delivered its first aircraft to the UAE and has completed piloted flight tests as it readies for a 2026 launch in the region.”Our flights and operational footprint in Dubai are a monumental step toward weaving air taxi services into the fabric…
Author: usaeverydaylife
Nvidia and Microsoft will be the first to join the exclusive $4 trillion market cap club as the appetite for artificial intelligence skyrockets, according to Dan Ives, Wedbush Securities global head of technology research. The two stocks have had an incredible bounce back this quarter after a rough start to the year, as fears around China export controls and global tariff issues have taken a step back in investors’ minds. Continued AI innovation and supersized capital expenditure commitments into AI infrastructure have boosted sentiment propelling tech stocks to new highs. “The poster childs for the AI Revolution are led by Nvidia and Microsoft as both are…
CANNES — Robinhood stock climbed 10% to an all-time high Monday after the company rolled out tokenized shares of OpenAI and SpaceX to users in Europe as part of a larger crypto rollout.It is the company’s first move to make private equity accessible via blockchain.The announcement, which came Monday during the company’s product showcase in Cannes, is part of a broader push to expand Robinhood’s crypto footprint globally. The tokenized assets will be available exclusively through Robinhood’s EU crypto app, where more than 200 tokenized stocks and ETFs are now tradable 24 hours a day, five days a week with no…
Here are Monday’s biggest calls on Wall Street: Jefferies reiterates Broadcom as buy Jefferies raised its price target on the stock to $315 per share from $300. ” AVGO is a leader in infrastructure semiconductors and software.” MoffettNathanson reiterates Apple as sell Moffett said it’s bracing for a difficult earnings report for Apple in late July. “It seems to us, though, that greater uncertainty ought to mean lower multiples. And given the asymmetry of the risks, we’d argue for lower estimates, as well. To date, the market has supplied little of either.” Stifel upgrades Oracle to buy from hold Stifel…
When the market rallies, leadership often comes from megacap stocks like Microsoft Corporation (MSFT) , and this has certainly been the case since the April low was established by the S & P 500 Index (SPX) . The SPX has gained about 28% from its April low, and MSFT has added 44%, showing outperformance and upside leadership with its ~7% weighting in the index. Outperformance also came from Amazon.com (AMZN) , Meta Platforms (META) , NVIDIA (NVDA) , and Tesla (TSLA) . The impressive rally in MSFT was fueled by a positive reaction to its earnings report in April, when…
The White House will likely ask more countries to drop their digital services taxes as part of ongoing trade talks, a senior Trump administration official said Monday after Canada rescinded its DST over the weekend.”My expectation is that the digital services taxes around the world will be taken off, and that that will be a key part of the … ongoing trade negotiations that we have,” National Economic Council director Kevin Hassett said on CNBC’s “Squawk on the Street.”The remark from one of President Donald Trump’s top advisors came the day after Canada walked back its DST in order to “advance…
Constellation Brands , a leading player in the beverage alcohol industry, has faced significant headwinds in 2025 analyst downgrades and broader market concerns about trends in alcohol consumption. However, the current pessimism surrounding the stock appears overdone, possibly presenting a compelling valuation even as many stocks, net of the S & P 500’s rally this past week to new all-time highs, are beginning to look stretched. With a diversified portfolio, a focus on premium segments and notable investment from Berkshire Hathaway, STZ may be poised for a rebound. STZ YTD mountain STZ year to date Recent narratives surrounding declining alcohol…
A JetBlue plane taxis at Los Angeles International Airport (LAX) on Jan. 03, 2025 in Los Angeles, California. Mario Tama | Getty ImagesThe U.S. Supreme Court rejected on Monday a request by American Airlines to overturn a judicial decision that found that the company’s now-scrapped U.S. Northeast partnership with JetBlue Airways violated federal antitrust law.The justices turned away an appeal by American Airlines of a lower court’s decision in a lawsuit brought by the U.S. Justice Department that led to the end of the proposed “Northeast Alliance,” which would have allowed the two carriers to coordinate flights and pool revenue.American Airlines called the Supreme…
CANNES — Fifteen years after flipping burgers at a McDonald’s and teaching himself to code at night in a cramped apartment near the French Riviera, Robinhood crypto chief Johann Kerbrat is back. The last time he lived around Cannes, he was 21 — with no connections, no funding, and no formal business training. But he had a knack for programming and a drive to solve real-world problems. Kerbrat quit his job just before starting university in nearby Nice, and soon after launched his first fintech startup: a no-code payments company built from scratch to help small merchants create e-commerce sites…
Goldman Sachs says combat has been “redefined” by Russia’s war on Ukraine, creating an opportunity for Kratos Defense and Security Solutions as the U.S. allocates more defense dollars for drones and missile systems. The firm upgraded the company, which specializes in unmanned systems and propulsion technology, to buy from neutral in a Sunday note, alongside a $52 per share price target. Goldman’s forecast implies about 13% upside from Friday’s $45.84 close. Shares have already surged nearly 74% in 2025. Analyst Anthony Valentini said that Russia’s war on Ukraine exemplified the need for cheap yet efficient weaponry. At the same time,…
