These are the stocks posting the largest moves in midday trading. Source link
Author: usaeverydaylife
Apple is showing signs of vulnerability as the tech giant faces increased downside risk as market sentiment weakens. This has been compounded by missed opportunities with Apple Intelligence, slowing iPhone sales, and limited developer support for VisionPro. With AAPL sitting above a major support level, this setup provides a compelling case for adding bearish exposure using a vertical spread with a strong risk/reward ratio to target a potential quick decline. Trade timing The timing for adding bearish exposure to AAPL is optimal, as the stock is trading just above its $195 support level. This has been coupled with poor relative…
A Social Security Administration office in Washington, D.C., March 26, 2025.Saul Loeb | Afp | Getty ImagesThe trust fund Social Security relies on to pay retirement benefits may be depleted in 2033, according to an annual report released by the Social Security Board of Trustees on Wednesday. That is unchanged from last year’s projections.At that time, 77% of those benefits will be payable, according to the report.Social Security’s combined trust funds — the Old-Age and Survivors Insurance and Disability Insurance trust funds — will have enough revenue to pay scheduled benefits and administrative costs until 2034, according to the report. That…
A man faces members of security forces outside the Edward R. Roybal Federal building after days of protests against federal immigration sweeps and the deployment of the California National Guard and U.S. Marines, in downtown Los Angeles, California, U.S., June 10, 2025. David Ryder | ReutersPresident Donald Trump’s administration is ordering an additional 2,000 members of the California Army National Guard to the Los Angeles area under federal command, the Pentagon announced late Tuesday.The deployment of additional soldiers was ordered despite the fact that demonstrations against federal immigration enforcement raids across the city have largely dissipated.A spokesperson for the Los…
Open AI CEO Sam Altman speaks at the annual Snowflake Summit in San Francisco, California on June 02, 2025. Justin Sullivan | Getty Images News | Getty ImagesOpenAI is winding down its work with Scale AI, the artificial intelligence startup that received a multibillion-dollar investment from Meta earlier this month and saw its founder join the social media company to lead an AI effort.Scale is best known for its work helping major tech companies, including OpenAI, prepare data they use to train cutting-edge AI models. But OpenAI has been pulling back from the startup over the last six to 12…
Guggenheim sees more room for Oracle to run. Analyst John DiFucci hiked his price target on the software stock by $30 to $250, which reflects 20.1% upside over Tuesday’s closing level. That $250 target marks a new high on Wall Street, according to LSEG. DiFucci reiterated his buy rating and said the firm continues to view the stock as a best idea. “We believe ORCL is on the precipice of a narrative shift that has been decades of technology innovation in the making,” DiFucci wrote to clients in a Tuesday note. “While the timing of bookings and capacity coming online…
The Texas Instruments headquarters in Dallas, Texas, US, on Sunday, Jan. 21, 2024. N. Johnson | Bloomberg | Getty ImagesTexas Instruments said it would spend more than $60 billion to expand its U.S. manufacturing footprint, the latest chipmaker to ramp up domestic production amid pressure from the Trump administration to reshore the semiconductor supply chain.The funds will be used to build or expand seven chip-making facilities in Texas as well as Utah, and will create 60,000 jobs, TI said on Wednesday, calling it the “largest investment in foundational semiconductor manufacturing in U.S. history.”The company did not give a timeline for…
Amazon’s Zoox robotaxi unit is ramping up vehicle production at a new facility in Hayward, California.ZooxAmazon-owned autonomous vehicle startup Zoox on Wednesday opened a sprawling new manufacturing facility in the San Francisco Bay Area, paving the way for more robotaxi production as it plans a commercial rollout of its fleet later this year.The company will use the site in Hayward, California, to increase its robotaxi fleet significantly. The facility is currently producing one robotaxi per day, but Zoox said it expects to accelerate production over the coming year.At full scale, it will have the capacity to assemble 10,000 robotaxis a…
After the recent spike in oil, investors should dump or bet against shares of automakers and airlines, while buying some technology stocks over the next month, if history is any guide. Crude oil futures have jumped more than 19.5% over the past month as attacks between Israel and Iran have intensified , causing investors to worry about the supply outlook from the Middle East — particularly because Iran is the third-largest producer among the members of the Organization of the Petroleum Exporting Countries (OPEC.) We found that this run-up in oil prices opens up opportunities for investors. Using the Reflexivity…
Rolls of steel are seen before the US president speaks during a rally at US Steel – Irvin Works in the Pittsburgh suburb of West Mifflin, Pennsylvania, on May 30, 2025.Saul Loeb | AFP | Getty ImagesU.S. Steel shares stopped trading on the New York Stock Exchange on Wednesday after Japan’s Nippon Steel completed its acquisition of the iconic American industrial name.President Donald Trump has insisted for weeks that the companies would form a “partnership” in which U.S. Steel would remain American owned.But the New York Stock Exchange notified the Securities and Exchange Commission on Wednesday that U.S. Steel’s shares…