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Micron, SanDisk get a number Wall Street rarely writes
TheStreet133d agoneutral
Micron, SanDisk get a number Wall Street rarely writes

Wall Street has a comfortable habit when it comes to memory chips. For 40 years, analysts treated companies like Micron the way you'd treat a fishing boat: useful, occasionally lucrative, but always at the mercy of a tide nobody controls. Prices boom, everyone piles in, supply floods the market, ...

Morgan Stanley revisits NetApp stock price target after earnings
TheStreet133d agoneutral
Morgan Stanley revisits NetApp stock price target after earnings

NetApp (NTAP) stock jumped about 22% on May 29 after reporting strong fourth-quarter earnings and raising expectations for FY2027. Morgan Stanley responded by lifting its price target from $88 to $137, citing growing evidence that enterprise AI spending is beginning to translate into real storage ...

Trump and Kevin Warsh Plan a Huge Giveaway to Retirees. There’s Only One Problem
24/7 Wall St.133d agoneutral
Trump and Kevin Warsh Plan a Huge Giveaway to Retirees. There’s Only One Problem

Inflation has a way of turning economics into personal finance. For retirees living on fixed incomes, every increase in the price of groceries, gasoline, utilities, and healthcare stretches a monthly Social Security check a little further than it was designed to go. And after years of inflation shocks, Americans are once again watching prices climb. ... Trump and Kevin Warsh Plan a Huge Giveaway to Retirees. There’s Only One Problem

Bidenflation Hit Harder, but Trumpflation May Last Longer
24/7 Wall St.133d agoneutral
Bidenflation Hit Harder, but Trumpflation May Last Longer

Inflation may be one of the few issues capable of uniting Americans across party lines. Voters can argue endlessly about tax policy, government spending, tariffs, or regulation. But when the cost of groceries, gasoline, and housing starts climbing faster than paychecks, political loyalties often take a back seat to household budgets. That’s because inflation isn’t ... Bidenflation Hit Harder, but Trumpflation May Last Longer

Big Tech Is Suddenly Impacting Niche Market for US Dividends
Bloomberg133d agoneutral
Big Tech Is Suddenly Impacting Niche Market for US Dividends

(Bloomberg) -- The dominance of a few technology giants in the benchmark S&P 500 Index is now carrying over into the niche market for dividend futures and options. Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceThe bigg

Investing.com133d agoneutral
Will higher treasury yields threaten the market’s climb?

Investing.com -- A sharp jump in long-term U.S. Treasury yields has raised questions about whether higher interest rates could undermine the stock market’s advance, though investors have so far looked past the move as earnings and AI-driven growth continue to support sentiment.

Investing.com133d agoneutral
Street Calls of the Week

Monday - US Markets Closed for Memorial Day Cognex Corp. What happened? On Tuesday, JPMorgan upgraded Cognex Corporation (NASDAQ:CGNX) to Overweight with $75 price target. *TLDR: JPMorgan: Buy Cognex for AI growth. What’s the full story? JPMorgan is upgrading Cognex to Overweight, bumping the price target to $75. Why? Because the firm is betting 35 times its FY27 adjusted EBITDA estimate that if you slap "proprietary AI-enabled solutions" onto factory vision tech, the customer base doubles and e

Investing.com133d agoneutral
Saudi contractor MGC seeks up to $799 million in Riyadh IPO

Investing.com -- Saudi Arabia’s Mutlaq Al-Ghowairi Contracting Co. (MGC) is seeking to raise as much as 3 billion riyals ($799 million) through an initial public offering in Riyadh, according to a statement cited by Bloomberg on Sunday.

Nvidia’s latest product is a game-changer
TheStreet133d agoneutral
Nvidia’s latest product is a game-changer

Nvidia (NVDA) stock is up about 15.44% year to date, at the time of writing, Friday afternoon, May 29. Meanwhile, the SPDR S&P 500 index (SPY) is up about 11.06% in the same period. While the stock has outpaced the S&P 500, its growth is lagging that of other semiconductor companies that ...

Investing.com133d agoneutral
Brazil extends fuel price relief measures through July

Investing.com -- Brazil’s government extended measures aimed at limiting fuel price increases for an additional two months, keeping subsidies and tax relief programs in place through July 31, Bloomberg reported on Saturday.

Cathie Wood sells $12 million in surging stock
TheStreet133d agoneutral
Cathie Wood sells $12 million in surging stock

Veteran investor Cathie Wood once again executed one of the hottest trades on Wall Street when she trimmed her holdings in a surging crypto stock to buy a top defense stock. On May 29, Wood's investment firm ARK Invest sold 144,218 shares of Robinhood Markets (Nasdaq: HOOD). Founded by Stanford ...

SoftBank to build up AI data centres in France with major investment
Reuters134d agoneutral
SoftBank to build up AI data centres in France with major investment

Japan's SoftBank Group will invest €45 billion over the next five years in a push to ‌build up artificial intelligence infrastructure in France, the company ‌announced on Saturday. SoftBank said the investment, described as the biggest of its kind ​so far in Europe, would be made in the northern Hauts-de-France region and deliver 3.1 GW of capacity. The investment plans are due to be formally announced on Monday at the annual Choose France ‌business conference.