Check out the companies making headlines before the bell. Insmed – Shares surged more than 26%. The global biopharmaceutical company announced positive results Tuesday from a Phase 2b study of treprostinil palmitil inhalation powder, a once-daily treatment for pulmonary arterial hypertension. J.M. Smucker – The food company’s stock pulled back about 8% after its fourth-quarter revenue of $2.14 billion missed the consensus estimate of $2.18 billion, according to FactSet. Earnings for the quarter beat expectations, however. The company’s guidance also missed expectations. Taiwan Semiconductor Manufacturing – U.S.-listed shares of the chipmaker rose more than 2% after its revenue for May…
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McDonald’s is getting burned as consumers begin to change their habits, according to Redburn Atlantic. The investment firm double downgraded the fast food giant to sell from buy. Analyst Chris Luyckx also slashed his price target to $260 from $319, which signals downside of about 15% from Monday’s close. That marked the third downgrade for McDonald’s in less than a week. Morgan Stanley on Monday lowered its rating on the stock to equal weight from overweight . On Friday, Loop Capital cut McDonald’s to hold from buy. “Weight-loss drugs are reshaping restaurant demand – not only by suppressing appetite, but…
Here are Tuesday’s biggest calls on Wall Street: Bank of America reiterates Carvana as buy Bank of America raised its price target on the stock to $375 per share from $325. “Despite tariff-driven supply concerns, May used car supply ended at 44 days of supply, up one day vs. April, and down only two days Y/Y. In our tracking, Carvana’s Inventory is at its highest level since March (at 32.9k in SF Bay Area) with rapid-delivery inventory at recent highs.” Bank of America reiterates Nvidia as buy Bank of America said data center demand trends remain robust for Nvidia. “Developing…
The top five companies on the 2025 CNBC Disruptor 50 list — Anduril, OpenAI, Databricks, Anthropic and Canva — have a combined valuation of just under $500 billion. This is more than the combined total valuation of almost every past Disruptor 50 list of the last 12 years.OpenAI, the company that sparked a global arms race for new artificial intelligence capabilities, is the biggest contributor with its $300 billion value. But it is a race in which the other four companies in the top five (and more than two-thirds of the entire 2025 Disruptor 50) are very much key participants.The…
JPMorgan Chase has a rosy outlook ahead, according to Wells Fargo. Wells Fargo analyst Mike Mayo reiterated his overweight rating on shares of JPMorgan Chase and raised his price target to $320 from $300. His updated forecast implies that the stock could rally 20%. “JPMorgan Chase has excelled at both offense and defense over the past decade, in which it has been gaining market share in all major business lines, while optimizing its businesses, showing consistent earnings relative to other global banks, and creating a ‘fortress balance sheet’ (as defined by its CEO),” Mayo wrote. “JPM should reflect our ‘Goliath…
Taking full control of Hulu will lead to more gains for Walt Disney , according to Loop Capital. The investment firm raised its price target for the entertainment conglomerate to $130 from $125 per share, implying about 12% upside. Analyst Alan Gould kept his buy rating on shares as well. Gould’s price target revision comes after Disney agreed to pay Comcast another $438.7 million to finalize its purchase of Hulu, concluding an appraisal process that has lasted since 2023. That amount is well below a potential liability of about $5 billion. Disney has already paid Comcast $8.6 billion for its…
The race for global supremacy in AI and the existential threat it represents to the status quo in the tech industry, and beyond, has led to record venture investment in startups.The top five companies on this year’s Disruptor 50 list — including a new No. 1 Disruptor from the defense tech sector — have a combined valuation of just under $500 billion. That is more than the combined total valuation of almost every past Disruptor 50 list over the last 12 years.One recently hauled in the largest VC round ever, and as consumer and business use of AI rapidly grows,…
UK Chancellor of the Exchequer Rachel Reeves at a roundtable meeting during her visit to the British Steel site on April 17, 2025 in Scunthorpe, England.Wpa Pool | Getty Images News | Getty ImagesThe U.K. Treasury is poised to set out day-to-day spending and investment plans for all government departments on Wednesday, with markets and voters watching where budget cuts could fall.In its ‘Spending Review,’ the Labour government will set out how public money will be allocated over the next three to four years, ranging from spending on public services like schools and police to welfare budgets and investments in…
Wall Street analysts remained unimpressed following Apple’s annual developer conference on Monday, after the iPhone maker failed to introduce substantial artificial intelligence updates. Apple unveiled several software updates including “Liquid Glass,” its first major redesign of its iPhone operating system since 2013. Still, this wasn’t enough to outweigh the disappointment that Apple hasn’t made as much progress on the AI front as competitors such as Google and OpenAI. The stock lost more than 1% on Monday following the announcements and were flat on Tuesday. “The new software looks very nice but isn’t exactly the kind of stuff that drives the…
Igor Gnedo, Antonina Lepore & Adrianne PaerelsThis year’s Disruptor 50 list, topped by Anduril in the No. 1 spot, and then OpenAI, showcases 50 companies that are challenging the status quo and using technology (most often, AI) to transform a range of industries.What’s particularly notable about this year’s list is how the sectors represented illustrate key trends not just in technology and VC, but also in politics and society. This is the first time in the 13 years of the Disruptor 50 list that it’s been topped by a defense tech company. The defense tech sector isn’t just represented by…
