Here are Tuesday’s biggest calls on Wall Street: Goldman Sachs initiates Revolution Medicine as buy Goldman said the oncology company is well positioned. “We initiate coverage on Revolution Medicines (RVMD) with a Buy rating and 12-month price target of $65.” Goldman Sachs initiates Alkermes as buy Goldman said it likes the biopharma company’s pipeline of products. “We initiate coverage on Alkermes (ALKS) with a Buy rating and 12-month PT of $43. ALKS is an established commercial company whose mature portfolio of neuropsych assets.” Barclays initiates Ralliant as overweight Barclays said the precision tech company has an “undemanding” valuation. “RAL in…
Author: usaeverydaylife
Check out the companies making headlines before the bell. JPMorgan Chase — Shares fell less than 1% in the premarket after the bank posted second-quarter earnings that beat analyst expectations. Investment banking and trading revenue drove the stronger-than-expected numbers. Wells Fargo — Shares were down 3% in the premarket after the company lowered its 2025 net income guidance to roughly in line with 2024 levels. The bank previously expected an increase of 1% to 3%. The forecast reduction overshadowed better-than-expected second-quarter profits. Citigroup — Shares added less than 1% after the bank posted second-quarter results that exceeded analyst expectations. Citigroup…
SolarEdge Technologies may have moved too high, too fast, according to JPMorgan. The firm downgraded shares of the company to neutral from overweight but upped its price target to $23 from $18. That updated target still calls for about 14% downside from Monday’s close. The stock has been on a monster rally as of late, gaining more than 110% in the past three months and more than 96% year to date. This month alone, SolarEdge is up about 31%. “Given SEDG’s outperformance since May 1 (up 109% vs coverage average up 33%), we are downgrading to Neutral and look for…
SAN RAFAEL, CALIFORNIA – APRIL 11: A sign is posted in front of a Wells Fargo bank office on April 11, 2025 in San Rafael, California. Wells Fargo reported first-quarter earnings that fell short of analyst expectations with revenue of $20.15 billion compared to the expected $20.75 billion. (Photo by Justin Sullivan/Getty Images)Justin Sullivan | Getty Images News | Getty ImagesWells Fargo beat second-quarter profit estimates on Tuesday but cut its 2025 guidance for net interest income, sending the shares of the lender down 2% in trading before the bell.The bank expects its interest income to be roughly in line…
The artificial intelligence boom can send Microsoft shares even higher over the coming months, according to Wells Fargo. Heading into the company’s scheduled earnings release on July 30, analyst Michael Turrin maintained his overweight rating on the “Magnificent Seven” stock and increased his price target by $15 to $600, which implies 19.3% upside from Monday’s close. That updated outlook comes as the stock has surged in recent months and currently sits near record highs. It’s gained more than 30% in the past three months and more than 19% year to date, meaningfully outperforming the S & P 500 over both…
Ruth Porat, President & Chief Investment Officer of Alphabet & Google, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024.Mike Segar | ReutersAlphabet’s Google will invest $25 billion in data center and artificial intelligence infrastructure over the next two years in states across the biggest electric grid in the U.S., the technology company said Tuesday.Google will also spend $3 billion to modernize two hydropower plants in Pennsylvania to help meet the growing power demand from data centers and AI in the region, according to the company.The refurbishment of the Pennsylvania plants is part of broader…
In this photo illustration, logo of Tesla is displayed on a mobile phone screen in front of the Indian flag in Ankara, Turkiye on November 28, 2023.Cem Genco | Anadolu | Getty ImagesTesla has made its long-awaited debut in India, where it will sell its electric SUV, the Model Y, starting at $69,770, a significant markup from other major markets, its website showed Tuesday. The sales launch comes the same day the American electric vehicle maker opened a showroom in Mumbai, its first in the country. Isabel Fan, Southeast Asia Director at Tesla, also announced that the company would soon launch a…
U.S. President Donald Trump and FIFA President Gianni Infantino carry the FIFA Club World Cup trophy on stage before presenting it to Chelsea FC at MetLife Stadium on July 13, 2025 in East Rutherford, New Jersey. This is the first time the U.S. has hosted the the FIFA CWC competition, one year before the U.S., Mexico and Canada are scheduled to host the World Cup in 2026. Chip Somodevilla | Getty Images News | Getty ImagesThe U.S. has long referred to European football as “soccer” — but President Donald Trump signaled this week that he could officially change the practice.Speaking…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailVarun Kapur, MD & CEO of Travel Food Services, discusses growth opportunities as India’s aviation sector expands. Shares of the airport lounge and QSR operator debuted on July 14, closing about 2% below the listing price. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin notches yet another new record, this time above $123,000. Plus, ‘Crypto Week’ kicks off on Capital Hill where the House of Representatives will debate a series of crypto-related bills. And, Cosmo Jiang of Pantera Capital discusses the growing trend of corporate crypto treasuries.12:08Mon, Jul 14 20253:06 PM EDT Source link
