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Energy & Utilities Roundup: Market Talk
The Wall Street Journal43d agoneutral
Energy & Utilities Roundup: Market Talk

Find insight on Korea Electric Power, China Aviation Oil, Orsted and more in the latest Market Talks covering energy and utilities.

U.S. Futures Steady After Closing Higher
The Wall Street Journal43d agoneutral
U.S. Futures Steady After Closing Higher

The S&P 500 is on track to end the week close to a record high after a boost from slowing inflation and some AI-related stocks. On Thursday, the S&P 500 closed at an all-time high for the 27th time this year. The latest leg-up for stocks came from two inflation readings that appeared to reduce pressure on the Federal Reserve to raise interest rates in September.

BofA sends warning on Target stock before earnings
TheStreet43d agoneutral
BofA sends warning on Target stock before earnings

Target’s improving sales trends are giving investors more reason to believe the retailer’s turnaround is taking hold, but Bank of America still sees a difficult setup for the stock heading into second-quarter earnings. Target (TGT) is scheduled to report results on Aug. 19, and expectations have ...

Investing.com43d agoneutral
Are KOSPI and SOX in a bubble? Citi answers

Investing.com -- Citi told clients in a note on Friday that investor attention around asset bubbles has moved away from U.S. large-cap benchmarks and toward chipmakers and South Korean stocks.

Oil Refiners Power S&P 500 to Records
The Wall Street Journal43d agoneutral
Oil Refiners Power S&P 500 to Records

Old-school energy companies are joining AI stocks in pushing the S&P 500 to record highs. Refiners Marathon Petroleum and Valero Energy have posted some of the week's biggest gains, rising 20% and 15% respectively through Thursday.

Companies Have Rarely Had Such Great Expectations
The Wall Street Journal43d agoneutral
Companies Have Rarely Had Such Great Expectations

Both earnings growth and the “surprise ratio,” the share of companies exceeding analyst expectations, are near historic highs. What’s more important is how many companies are upbeat about the future. Luckily, analysts at Bespoke Investment Group keep track of such things.

Reddit Shares Pop Before S&P 500 Inclusion
The Wall Street Journal43d agoneutral
Reddit Shares Pop Before S&P 500 Inclusion

Two years after going public, social-media platform Reddit is joining the S&P 500. It will replace AvalonBay Communities, a real-estate investment trust that is being bought by fellow S&P 500 member Equity Residential, creating a vacancy in the index. Reddit will take AvalonBay's spot before trading opens on Aug. 18, S&P Dow Jones Indices said after Thursday's close.

Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion
Reuters43d agoneutral
Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion

Alphabet's early bet on SpaceX has multiplied more than 100-fold, with the Google parent disclosing a stake worth about $94 billion at the end of June compared with the $900 million investment it said ‌it made in Elon Musk's rocket company in 2015. Alphabet has emerged as by far the largest single institutional holder of SpaceX ‌following its $86 billion IPO in June, according to a Reuters analysis of quarterly filings made public so far. The filings shed new light on the scale of positions acquired by ​SpaceX's backers as the company transitioned from a closely held startup to a publicly traded giant.

5 Insightful Analyst Questions From CDW’s Q2 Earnings Call
StockStory43d agoneutral
5 Insightful Analyst Questions From CDW’s Q2 Earnings Call

CDW delivered revenue and non-GAAP earnings per share above Wall Street expectations in Q2, supported by robust demand for AI infrastructure and modernization projects across its Commercial, Government, and International segments. However, the market reacted negatively following the results, with management pointing to a pronounced shift in customer spending towards large-scale hardware and cloud investments that exerted pressure on gross margins. CEO Christine Leahy noted, “Customers are still