Momentum at Texas Roadhouse is bouncing back just in time for summer. The news Club stock Texas Roadhouse rose more than 1% to $194 each on Friday after UBS said both foot traffic and sales are picking up. UBS analysts, who expressed confidence after meeting with Texas Roadhouse management, expect to see sustainable outperformance going forward. American consumers’ confidence in the economy remains relatively low despite a more positive outlook for May. Fortunately for casual dining operator Texas Roadhouse, diners have still been coming through the doors, noted the analysts. UBS estimates a 5% increase in second-quarter to-date same-store sales, saying…
Author: usaeverydaylife
FILE PHOTO: A laborer operates a bulldozer at a site of a rare earth metals mine at Nancheng county, Jiangxi province March 14, 2012.Stringer China | ReutersChina has granted temporary export licenses to rare-earth suppliers of the top three U.S. automakers, two sources familiar with the matter told Reuters, as supply chain disruptions begin to surface from Beijing’s export curbs on those materials.At least some of the licenses are valid for six months, the two sources said, declining to be named because the information is not public. It was not immediately clear what quantity or items are covered by the…
A demonstrator speaks through a megaphone during a Defend Our Schools rally to protest U.S. President Donald Trump’s executive order to shut down the U.S. Department of Education, outside its building in Washington, D.C., U.S., March 21, 2025.Kent Nishimura | ReutersThe Trump administration on Friday asked the Supreme Court to lift a court order to reinstate U.S. Department of Education employees the administration had terminated as part of its efforts to dismantle the agency.Officials for the administration are arguing to the high court that U.S. District Judge Myong Joun in Boston didn’t have the authority to require the Education Department…
Omada Health shares jumped more than 40% in their Nasdaq debut Friday after the virtual chronic care company priced its stock at $19 per share in its IPO.The stock opened at $23 and quickly traded past $27.The company said in a press release late Thursday that it sold 7.9 million shares in the offering, amounting to about $150 million. The pricing was in the middle of the expected range, and valued the company at just over $1 billion, though that number could be higher on a fully diluted basis.Omada, founded in 2012, is trading under ticker symbol “OMDA.” The company…
European stock markets rose on last day of tradingEuropean stock markets rose after digesting news of the ECB rate cut and the upward revision of first-quarter eurozone GDP this week.The Stoxx Europe 600 index and the U.K.’s FTSE 100 rose 0.3%. France’s CAC 40 was up 0.2%. Meanwhile, Germany’s DAX fell 0.1%— Ganesh RaoWhy are UBS shares rallying after new Swiss capital rules?Why are UBS shares rallying after the Swiss government proposed tough new capital rules?JPMorgan analysts might also have the answer to that question.”Today’s outcome is positive for UBS, based on our initial view, although we need to go…
Check out the companies making the biggest moves midday: Petco Health — The retailer slumped 22% after losing 4 cents per share in the fiscal first quarter, twice the 2-cent loss that analysts had estimated, based on FactSet data. Revenue of $1.49 billion missed the Street’s $1.50 billion consensus, while same-store sales dropped 1.3%, worse than the 0.6% decline forecast by analysts. Tesla — The EV maker added more than 6%, a day after plunging 14% as CEO Elon Musk and President Donald Trump publicly feuded . Omada Health — The digital health company made its debut on the Nasdaq…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. U.S. stocks surged Friday following better-than-expected labor data. Nonfarm payrolls rose 139,000 in May, above the Dow Jones estimate of 125,000. The S & P 500 jumped more than 1% in early trading as a result, reaching levels not seen since late February. It’s great news, given U.S. corporations have been bracing against the impact of tariffs and the potential of a weakening economy. “Sometimes you get an employment number that really threads the…
Biopharmaceutical stocks’ underperformance versus the broader market for a third straight year is an opportunity for investors, according to JPMorgan. Analyst Chris Schott said in the firm’s June outlook for biopharma that the sector’s poor performance can be traced back to concerns over President Donald Trump’s tariffs and his ” most favored nation ” executive order. The SPDR S & P Biotech ETF (XBI) has pulled back about 7% so far in 2025, while the S & P 500 has notched a nearly 2% gain. The stock action is overdone, according to Schott, as he expects any impact from this…
Investors should pick up shares of Shopify as the company continues to innovate in an increasingly artificial intelligence-powered e-commerce industry, according to Wells Fargo. Analyst Andrew Bauch reiterated his overweight rating on Shopify shares and lifted his price target by $18 to $125, which suggests the stock has about 19% upside ahead. Bauch said Shopify has a strong product portfolio and strategic partnerships in artificial intelligence that will allow it to capture similar market share in “agentic” commerce as it does in traditional U.S. e-commerce. Agentic commerce refers to AI agents acting on behalf of the customer or business in…
Here are Friday’s biggest calls on Wall Street: Morgan Stanley reiterates Tesla as a top pick Analyst Adam Jonas said he is sticking with Tesla despite the stock’s volatility. “When putting our trading cap on, we have higher conviction in near-term volatility than near-term direction. We reiterate our $410 price target but are prepared for the stock to give up more than just the 4 weeks of performance it has sacrificed so far.” KeyBanc initiates Twilio and Five9 as overweight KeyBanc said both stocks are well positioned for growth. “We are initiating both FIVN and TWLO at Overweight ratings. For different…
