Check out the companies making headlines in midday trading: Warner Music Group — The entertainment stock popped 3% following an upgrade at Citi to buy from neutral. Citi analyst Jason Bazinet said Warner Music’s multiple is “far below” those of its peers. Roku — Shares popped nearly 14% after the streaming company reported fourth-quarter results…
10 things to watch Friday, Feb. 14 — Today’s newsletter is written by Director of Portfolio Analysis Jeff Marks. 1. Wall Street is tracking for a lower open following a strong rally in the prior session. Stocks got a boost Thursday after learning that President Donald Trump’s planned reciprocal tariffs won’t take effect immediately. The…
Inflation readings next week will have to show that the rosy macroeconomic outlook underpinning the bull case for stocks remains intact, in order to reassure a whipsawed market swinging between the latest earnings news and the latest tariff updates. Wall Street is in for a quieter economic calendar in the week ahead, but investors will…
Targeting China’s semiconductor and AI sectors, the Biden government announced increased export restrictions, strengthening measures to offset Beijing’s technology gains. The Department of Commerce has put new restrictions on sales of high-bandwidth memory and chipmaking equipment, therefore affecting American companies including Lam Research Corp. (NASDAQ:LRCX), Applied Materials Inc. (NASDAQ:AMAT), and KLA Corp. (NASDAQ:KLAC). These limitations…
Traders work on the floor of the New York Stock Exchange during morning trading on Nov. 26, 2024. Michael M. Santiago | Getty Images The Dow Jones Industrial Average and S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for equities. The S&P 500 added 0.56%…
Check out the companies making headlines in midday trading: Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. BioNTech , which helped develop a Covid vaccine with…
My top 10 things to watch Friday, Nov. 15 1. President-elect Donald Trump’s decision to nominate prominent vaccine skeptic Robert F. Kennedy Jr. to lead the Department of Health and Human Services has vast implications for drug companies. That’s why shares of pharma stocks, and vaccine makers in particular, sold off late Thursday when reports…
Traders work on the floor of the New York Stock Exchange at the opening bell on November 13, 2024, in New York City. Angela Weiss | AFP | Getty Images S&P 500 futures inched lower Friday morning as investors wondered what’s next for the market after the postelection rally wavered. Futures tied to the Dow…
Recent comments from Nvidia CEO Jensen Huang seemed to revive investment in the turbulent AI sector this week, while leading portfolio managers to recenter attention on the winning trades. “We’re now in this computer revolution,” Huang said at the Goldman Sachs Communacopia + Technology Conference on Wednesday, “This generative AI is not just a tool….
The Netherlands plans to limit ASML Holding NV’s ability to repair and maintain its semiconductor equipment in China, a potentially painful blow to Beijing’s efforts to develop a world-class chip industry. The government of Prime Minister Dick Schoof will likely not renew certain ASML licenses to service and provide spare parts in China when they…