4 days ago
Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Performance was driven by a relationship-based community banking model that supported 9.8% annualized net loan growth and improved earning ******* et yields.
Net interest margin expanded by 6 basis points to 3.71%, benefiting from a disciplined shift in earning ******* et mix toward higher-yielding commercial loans.
The bank is intentionally transitioning its portfolio by redeploying runoff from lower-yielding investments and mortgage portfolios into the commercial pipeline.
Management attributed successful loan growth to strategic investments in commercial banking talent, adding 8 experienced bankers year-to-date to capture market share from regional competitors.
#banking
Performance was driven by a relationship-based community banking model that supported 9.8% annualized net loan growth and improved earning ******* et yields.
Net interest margin expanded by 6 basis points to 3.71%, benefiting from a disciplined shift in earning ******* et mix toward higher-yielding commercial loans.
The bank is intentionally transitioning its portfolio by redeploying runoff from lower-yielding investments and mortgage portfolios into the commercial pipeline.
Management attributed successful loan growth to strategic investments in commercial banking talent, adding 8 experienced bankers year-to-date to capture market share from regional competitors.
#banking
5 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Making millions of dollars sounds like a dream, but Mark Cuban says it can disappear much faster than people think.
In a 2024 appearance on the "Club Shay Shay" podcast, the billionaire entrepreneur explained that many professional athletes make the same costly mistakes after signing their first big contract.
His advice was simple: "Save your money." Cuban said young players should resist the temptation to spend freely because an NBA career can end in an instant. "One broken ankle and it's over," he said. If he were entering the league today as a player fighting for a roster spot, he said he would still be "living like a student" because "you don't know how long it's going to last."
Don't Miss:
#making
Making millions of dollars sounds like a dream, but Mark Cuban says it can disappear much faster than people think.
In a 2024 appearance on the "Club Shay Shay" podcast, the billionaire entrepreneur explained that many professional athletes make the same costly mistakes after signing their first big contract.
His advice was simple: "Save your money." Cuban said young players should resist the temptation to spend freely because an NBA career can end in an instant. "One broken ankle and it's over," he said. If he were entering the league today as a player fighting for a roster spot, he said he would still be "living like a student" because "you don't know how long it's going to last."
Don't Miss:
#making
5 days ago
To say Danaher Corp.
DHR
+6.76%
had a downbeat reaction to earnings is an understatement. We regret the timing of our
stock pick
, though investors with longer time horizons will want to stay the course.
DHR
+6.76%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
#corp #downbeat #reaction
DHR
+6.76%
had a downbeat reaction to earnings is an understatement. We regret the timing of our
stock pick
, though investors with longer time horizons will want to stay the course.
DHR
+6.76%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
#corp #downbeat #reaction
6 days ago
GE's numbers were stellar, but ****** ysts on the call wanted to know if the growth was sustainable or a supply-constrained peak.
After a 32% run over the past year, GE Aerospace (GE) just gave bulls everything they wanted, reporting 24% revenue growth and raising its full-year free cash flow guidance to a range of $8.9 billion to $9.2 billion. Yet on its latest call, nearly every sharp question from ****** ysts circled a single, nagging worry: is this as good as it gets? They pressed management to prove that the explosive first-half growth was not just a pull-forward, and that GE's supply chain could actually deliver on its large backlog without margins getting crushed.
The core tension for GE is the gap between its promises and its parts. The company sits on a large commercial services backlog of roughly $170 billion, a powerful signal of future revenue. The problem is that the checks are being written today, but the revenue depends on shipping physical goods in a strained supply chain. The clearest evidence of this operational bottleneck showed up in the company's own metrics: spare parts delinquencies, which track orders delayed by material shortages, grew 20% sequentially in the second quarter. If demand is so resilient, why are the fulfillment issues getting worse, not better?
Management's response was to frame the growth as structural, not a one-time surge. The CEO argued that the aging of the global fleet creates a natural tailwind for higher-value shop visits, and that the company's focus is squarely on execution. The issue, as management put it, is "much more a supply-side challenge than it is demand." That is a confident read on the market, but it also openly confirms that the primary governor on GE's growth is its own ability to get parts out the door.
Even if GE solves its supply issues, the next question is whether that revenue will be profitable. The company is delivering a wave of new engines, particularly the GE9X, which carry lower margins and act as a drag on overall profitability. ****** ysts pushed on when, exactly, the high-margin services business would translate into higher company-wide margins.
#revenue #analysts #parts #call
After a 32% run over the past year, GE Aerospace (GE) just gave bulls everything they wanted, reporting 24% revenue growth and raising its full-year free cash flow guidance to a range of $8.9 billion to $9.2 billion. Yet on its latest call, nearly every sharp question from ****** ysts circled a single, nagging worry: is this as good as it gets? They pressed management to prove that the explosive first-half growth was not just a pull-forward, and that GE's supply chain could actually deliver on its large backlog without margins getting crushed.
The core tension for GE is the gap between its promises and its parts. The company sits on a large commercial services backlog of roughly $170 billion, a powerful signal of future revenue. The problem is that the checks are being written today, but the revenue depends on shipping physical goods in a strained supply chain. The clearest evidence of this operational bottleneck showed up in the company's own metrics: spare parts delinquencies, which track orders delayed by material shortages, grew 20% sequentially in the second quarter. If demand is so resilient, why are the fulfillment issues getting worse, not better?
Management's response was to frame the growth as structural, not a one-time surge. The CEO argued that the aging of the global fleet creates a natural tailwind for higher-value shop visits, and that the company's focus is squarely on execution. The issue, as management put it, is "much more a supply-side challenge than it is demand." That is a confident read on the market, but it also openly confirms that the primary governor on GE's growth is its own ability to get parts out the door.
Even if GE solves its supply issues, the next question is whether that revenue will be profitable. The company is delivering a wave of new engines, particularly the GE9X, which carry lower margins and act as a drag on overall profitability. ****** ysts pushed on when, exactly, the high-margin services business would translate into higher company-wide margins.
#revenue #analysts #parts #call
9 days ago
Had you invested $10,000 in the S&P 500 index 10 years ago, your investment would have grown to roughly $41,420 today. On an annualized basis, this translates to an excellent 15.3% total return (as of July 16). This more recent return is significantly better than the benchmark's long-term 10% average.
While the S&P 500 index is doing well in 2026 (up 11.3%), there's an international exchange-traded fund (ETF) that's outperforming it by about two percentage points. This is a shorter time frame for comparison, so investors shouldn't use it to jump to any conclusions. But it might be worth it to take a closer look.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Investors would be wise to think about adding the Vanguard Total International Stock ETF (NASDAQ: VXUS) to their watch lists for further consideration. Based on the latest data, it has $652 billion in total **** ets, with an inception date of January 2011. There are over 8,700 stocks in the portfolio. And the expense ratio is compelling at 0.05%.
This ETF doesn't own any businesses based in the U.S., so investors will get completely different exposure than the S&P 500 index provides. In other words, the Vanguard Total International Stock ETF can provide a sort of hedge if you think you're heavily concentrated in American companies, most notably the Magnificent Seven stocks.
While the S&P 500 index is doing well in 2026 (up 11.3%), there's an international exchange-traded fund (ETF) that's outperforming it by about two percentage points. This is a shorter time frame for comparison, so investors shouldn't use it to jump to any conclusions. But it might be worth it to take a closer look.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Investors would be wise to think about adding the Vanguard Total International Stock ETF (NASDAQ: VXUS) to their watch lists for further consideration. Based on the latest data, it has $652 billion in total **** ets, with an inception date of January 2011. There are over 8,700 stocks in the portfolio. And the expense ratio is compelling at 0.05%.
This ETF doesn't own any businesses based in the U.S., so investors will get completely different exposure than the S&P 500 index provides. In other words, the Vanguard Total International Stock ETF can provide a sort of hedge if you think you're heavily concentrated in American companies, most notably the Magnificent Seven stocks.
12 days ago
June PPI came in at -0.3% month over month against a consensus of 0.0%, and 5.5% year over year versus an expected 6.2%. The downside surprise followed softer-than-expected CPI data, prompting investors to reassess expectations for the Federal Reserve's rate cut policy.
The full June PPI breakdown from XTB shows PPI Core MoM at +0.2% versus +0.3% expected, and PPI Core YoY at 4.7% versus 5.1% expected. Every measure printed below the consensus.
Tuesday's CPI data also surprised to the downside, with headline inflation falling 0.4% month over month against expectations for a 0.1% decline, cooling to 3.5% year over year from 4.2% in May. Core CPI was flat on the month and rose 2.6% annually.
The May context matters here. PPI reached 6.0% year over year in May, reinforcing concerns that inflation pressures were reaccelerating. June's slowdown to 5.5% eased some of those concerns and encouraged investors to reconsider how restrictive Federal Reserve policy may need to remain.
According to Cryptonews ***** ysis, markets are now likely to lean further into pricing a less aggressive Fed path, even as the central bank remains cautious about easing policy before inflation is firmly under control. That caution had weighed on risk ***** ets, including crypto markets, and softer inflation data may help unwind some of that positioning.
The full June PPI breakdown from XTB shows PPI Core MoM at +0.2% versus +0.3% expected, and PPI Core YoY at 4.7% versus 5.1% expected. Every measure printed below the consensus.
Tuesday's CPI data also surprised to the downside, with headline inflation falling 0.4% month over month against expectations for a 0.1% decline, cooling to 3.5% year over year from 4.2% in May. Core CPI was flat on the month and rose 2.6% annually.
The May context matters here. PPI reached 6.0% year over year in May, reinforcing concerns that inflation pressures were reaccelerating. June's slowdown to 5.5% eased some of those concerns and encouraged investors to reconsider how restrictive Federal Reserve policy may need to remain.
According to Cryptonews ***** ysis, markets are now likely to lean further into pricing a less aggressive Fed path, even as the central bank remains cautious about easing policy before inflation is firmly under control. That caution had weighed on risk ***** ets, including crypto markets, and softer inflation data may help unwind some of that positioning.
18 days ago
Dogecoin (DOGE) has crashed roughly 50% over the past year, and renewed US–Iran attacks threaten to deepen the pain as oil-driven inflation fears revive Federal Reserve rate-hike bets.
Dogecoin is showing signs of a bearish continuation on its four-hour chart after failing to sustain its early-July rebound.
The DOGE/USDT chart shows the memecoin forming an inverse cup-and-handle pattern. The setup typically develops when price forms a rounded top, returns to horizontal support, and then stages a weak recovery—the "handle"—before potentially breaking lower.
DOGE's rounded top formed after its rebound from roughly $0.071 toward $0.079. The token has since returned to the $0.071–$0.072 support area and is now attempting a minor bounce near $0.073.
A decisive break below the pattern's neckline near $0.071 could confirm the bearish setup. The pattern's measured downside target sits near $0.063, or more than 10% below current prices.
Dogecoin is showing signs of a bearish continuation on its four-hour chart after failing to sustain its early-July rebound.
The DOGE/USDT chart shows the memecoin forming an inverse cup-and-handle pattern. The setup typically develops when price forms a rounded top, returns to horizontal support, and then stages a weak recovery—the "handle"—before potentially breaking lower.
DOGE's rounded top formed after its rebound from roughly $0.071 toward $0.079. The token has since returned to the $0.071–$0.072 support area and is now attempting a minor bounce near $0.073.
A decisive break below the pattern's neckline near $0.071 could confirm the bearish setup. The pattern's measured downside target sits near $0.063, or more than 10% below current prices.
19 days ago
PicS N.V. (NASDAQ:PICS) is one of the best 11 small-cap software infrastructure stocks to buy now.
On June 3, Wolfe Research reduced its target price on PicS N.V. (NASDAQ:PICS) from $16 to $15, which still results in more than 41% upside potential at the prevailing level. The firm upheld its Outperform rating on the stock.
welcomia/Shutterstock.com
Wolfe Research noted that despite the company reporting earnings that exceeded broader estimates, shares traded flat after hours due to low volume. The firm highlighted that topline upside for the company is not linked to its core operations. Rather, it is ******* ociated with the impact of hedge accounting and derivatives.
Later on June 22, PicS N.V. (NASDAQ:PICS) responded to recent press reports concerning an inquiry in Brazil's Federal District, around suspected amounts that had been unlawfully deducted from paychecks, impacting some public officials. The company mentioned that the product in question allowed employees to gain access to their wages that had been earned but not yet collected.
On June 3, Wolfe Research reduced its target price on PicS N.V. (NASDAQ:PICS) from $16 to $15, which still results in more than 41% upside potential at the prevailing level. The firm upheld its Outperform rating on the stock.
welcomia/Shutterstock.com
Wolfe Research noted that despite the company reporting earnings that exceeded broader estimates, shares traded flat after hours due to low volume. The firm highlighted that topline upside for the company is not linked to its core operations. Rather, it is ******* ociated with the impact of hedge accounting and derivatives.
Later on June 22, PicS N.V. (NASDAQ:PICS) responded to recent press reports concerning an inquiry in Brazil's Federal District, around suspected amounts that had been unlawfully deducted from paychecks, impacting some public officials. The company mentioned that the product in question allowed employees to gain access to their wages that had been earned but not yet collected.
19 days ago
Middle Coast Investing, an investment advisor firm, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. Q2 marked the S&P 500's best quarter since Q2 2020, yet underlying market dynamics remained unchanged. The letter highlighted that the market's performance continued to rely on trends and baskets rather than company fundamentals. Significant events happened in Q2, including the theoretical end of the U.S. war with Iran and ****** eX's record IPO. Despite the positive sentiment, mega-cap tech companies performed poorly while semiconductor stocks and other data center buildout-related stocks rallied. The portfolio returned 12.5% in the second quarter compared to 14.9% for the S&P 500 Index, while YTD the fund returned 7.7% compared to 9.6% for the Index. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Middle Coast Investing highlighted Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation (NASDAQ:MSFT) is a multinational software company that develops and supports software, services, devices, and solutions, holding dominant positions in software, cloud infrastructure, generative AI, and gaming. On July 7, 2026, Microsoft Corporation (NASDAQ:MSFT) closed at $388.84 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was -2.14%, and its shares lost 22.77% over the past 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $2.89 trillion.
Middle Coast Investing stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q2 2026 investor letter:
"We talked about software companies as a popular target for AI consequences. While the leading software companies have fended off the apocalypse for another quarter, there are plenty of other scrutinized industries. Any type of middleman business (like a marketplace), suppliers of possibly generic data, businesses whose edge is 'their people', and then at a second tier, businesses who provide services or supplies to these businesses (commercial real estate related businesses get hit from two angles, for example). One funny footnote here is that Microsoft Corporation (NASDAQ:MSFT) has drifted from hyperscaler AI winner to this basket due to its huge software business. It may not be a coincidence that we bought some shares in Microsoft to add big tech exposure for a couple clients this quarter.
Microsoft Corporation (NASDAQ:MSFT) ranks second on our list of 40 Most Popular Stocks Among Hedge Funds. According to our database, 282 hedge fund portfolios held Microsoft Corporation (NASDAQ:MSFT) at the end of the first quarter, compared to 312 in the previous quarter. In the third quarter of fiscal 2026, Microsoft Corporation (NASDAQ:MSFT) reported revenue of $82.9 billion, marking an increase of 18% and 15% in constant currency. While we acknowledge the potential of Microsoft Corporation (NASDAQ:MSFT) as an investment, we belie
In its second-quarter 2026 investor letter, Middle Coast Investing highlighted Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation (NASDAQ:MSFT) is a multinational software company that develops and supports software, services, devices, and solutions, holding dominant positions in software, cloud infrastructure, generative AI, and gaming. On July 7, 2026, Microsoft Corporation (NASDAQ:MSFT) closed at $388.84 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was -2.14%, and its shares lost 22.77% over the past 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $2.89 trillion.
Middle Coast Investing stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q2 2026 investor letter:
"We talked about software companies as a popular target for AI consequences. While the leading software companies have fended off the apocalypse for another quarter, there are plenty of other scrutinized industries. Any type of middleman business (like a marketplace), suppliers of possibly generic data, businesses whose edge is 'their people', and then at a second tier, businesses who provide services or supplies to these businesses (commercial real estate related businesses get hit from two angles, for example). One funny footnote here is that Microsoft Corporation (NASDAQ:MSFT) has drifted from hyperscaler AI winner to this basket due to its huge software business. It may not be a coincidence that we bought some shares in Microsoft to add big tech exposure for a couple clients this quarter.
Microsoft Corporation (NASDAQ:MSFT) ranks second on our list of 40 Most Popular Stocks Among Hedge Funds. According to our database, 282 hedge fund portfolios held Microsoft Corporation (NASDAQ:MSFT) at the end of the first quarter, compared to 312 in the previous quarter. In the third quarter of fiscal 2026, Microsoft Corporation (NASDAQ:MSFT) reported revenue of $82.9 billion, marking an increase of 18% and 15% in constant currency. While we acknowledge the potential of Microsoft Corporation (NASDAQ:MSFT) as an investment, we belie
20 days ago
When the U.S. government acquired a stake in Intel (INTC), the technology company was struggling as compared to advances in the sector. The last few quarters have been about catching up to make Intel relevant in the world of AI. Backed by the leadership of Lip-Bu Tan, INTC stock has returned 416% in the last 52 weeks.
While the stock looks like it might be taking a breather, INTC is down about 14% in the past week; the uptrend seems to be far from over. Recently, HSBC reiterated its "Buy" rating for INTC stock and raised the price target to $200. HSBC ******* yst Frank Lee believes that there is "more value stemming from the semiconductor giant's servers and foundry operations."
Broadcom's Largest AI Customer Is Fleeing to MediaTek. AVGO Stock Is Still a Buy.
Nasdaq Futures Plunge as Samsung Sparks Chip Selloff
Mark Cuban Asks What If You Didn't Need Health Insurance — And Hospitals Just Treated You, Then Took 10% of Your Pay?
While the stock looks like it might be taking a breather, INTC is down about 14% in the past week; the uptrend seems to be far from over. Recently, HSBC reiterated its "Buy" rating for INTC stock and raised the price target to $200. HSBC ******* yst Frank Lee believes that there is "more value stemming from the semiconductor giant's servers and foundry operations."
Broadcom's Largest AI Customer Is Fleeing to MediaTek. AVGO Stock Is Still a Buy.
Nasdaq Futures Plunge as Samsung Sparks Chip Selloff
Mark Cuban Asks What If You Didn't Need Health Insurance — And Hospitals Just Treated You, Then Took 10% of Your Pay?
24 days ago
A Reddit poster recently turned to the internet for advice about his parents. The original poster (OP) is worried about their retirement outlook: they have almost no savings and are struggling to cover their basic bills.
He wants to know where they could realistically live and what concrete steps they should take to build some measure of financial security. Here is what the OP shared, along with strategic options his parents can consider to build a more sustainable retirement despite their limited **** ets.
According to the OP, his parents had limited formal education. His father suffered a disabling back injury at his farming job and was forced to stop working. He received a $100,000 settlement, which was not nearly enough to bridge the gap to Social Security eligibility, but the couple lived on that money while waiting to qualify.
They now collect a combined $2,200 per month from Social Security. His mother earns a small amount babysitting, but opportunities are scarce in their small rural town, and she spent years at home raising children rather than building a career. Because they never understood retirement savings, they have no nest egg and no pension from the father's former employer.
The parents carry a $1,500 monthly mortgage and a $300 car payment, and they simply cannot cover their bills on the $2,200 Social Security income plus the mother's occasional babysitting earnings. The OP is asking whether they should sell the home and, if so, where they should move to stretch their limited income as far as possible.
He wants to know where they could realistically live and what concrete steps they should take to build some measure of financial security. Here is what the OP shared, along with strategic options his parents can consider to build a more sustainable retirement despite their limited **** ets.
According to the OP, his parents had limited formal education. His father suffered a disabling back injury at his farming job and was forced to stop working. He received a $100,000 settlement, which was not nearly enough to bridge the gap to Social Security eligibility, but the couple lived on that money while waiting to qualify.
They now collect a combined $2,200 per month from Social Security. His mother earns a small amount babysitting, but opportunities are scarce in their small rural town, and she spent years at home raising children rather than building a career. Because they never understood retirement savings, they have no nest egg and no pension from the father's former employer.
The parents carry a $1,500 monthly mortgage and a $300 car payment, and they simply cannot cover their bills on the $2,200 Social Security income plus the mother's occasional babysitting earnings. The OP is asking whether they should sell the home and, if so, where they should move to stretch their limited income as far as possible.
26 days ago
Johnson & Johnson (NYSE:JNJ) is one of billionaire Cliff Asness' top 10 healthcare stock picks. On June 25, Johnson & Johnson (NYSE:JNJ) announced the commercial launch of the Dual Energy THERMOCOOL SMARTTOUCH SF (DE STSF) Platform in Europe. That means the platform is now commercially available to electrophysiologists across the EMEA region for the treatment of cardiac arrhythmias, including atrial fibrillation.
Copyright: moovstock / 123RF Stock Photo
The company said that the platform is the first of its kind to combine two distinct energy sources in a single catheter-based solution. It combines radiofrequency (RF) and pulsed field (PF) energy to allow physicians to switch between the two during the same procedure without having to change equipment. This is clinically significant because RF and PF ablation each have different tissue effects and safety profiles, said Nicolas Derval, M.D., a consultant for Johnson & Johnson based in Bordeaux, France. Derval added that the ability to use both gives doctors more flexibility to tailor treatment to individual patient anatomy and disease patterns.
Johnson & Johnson explained that the platform consists of the DE STSF Catheter, which is an irrigated, contact-force sensing catheter that physically delivers energy to heart tissue. The other half consists of the TRUPULSE Generator, which controls and powers the delivery of both RF and PF energy. The company said the system is fully integrated with its CARTO 3 System, which is an electro-anatomical mapping platform. This combination enables real-time 3D visualization, contact-force feedback, and index-guided ablation during live procedures.
Johnson & Johnson (NYSE:JNJ) is a healthcare conglomerate. It operates through two segments: Innovative Medicine, which develops and markets prescription drugs in oncology, immunology, neuroscience, and infectious disease, and MedTech, which manufactures medical devices for surgery, orthopedics, and interventional solutions.
Copyright: moovstock / 123RF Stock Photo
The company said that the platform is the first of its kind to combine two distinct energy sources in a single catheter-based solution. It combines radiofrequency (RF) and pulsed field (PF) energy to allow physicians to switch between the two during the same procedure without having to change equipment. This is clinically significant because RF and PF ablation each have different tissue effects and safety profiles, said Nicolas Derval, M.D., a consultant for Johnson & Johnson based in Bordeaux, France. Derval added that the ability to use both gives doctors more flexibility to tailor treatment to individual patient anatomy and disease patterns.
Johnson & Johnson explained that the platform consists of the DE STSF Catheter, which is an irrigated, contact-force sensing catheter that physically delivers energy to heart tissue. The other half consists of the TRUPULSE Generator, which controls and powers the delivery of both RF and PF energy. The company said the system is fully integrated with its CARTO 3 System, which is an electro-anatomical mapping platform. This combination enables real-time 3D visualization, contact-force feedback, and index-guided ablation during live procedures.
Johnson & Johnson (NYSE:JNJ) is a healthcare conglomerate. It operates through two segments: Innovative Medicine, which develops and markets prescription drugs in oncology, immunology, neuroscience, and infectious disease, and MedTech, which manufactures medical devices for surgery, orthopedics, and interventional solutions.
28 days ago
SPCX has retreated to $153 from its $225 post-IPO peak, trading near its $135 IPO price with ******* yst consensus pointing to $188.
Nasdaq-100 inclusion would force index-tracking funds to buy shares on a defined rebalancing schedule, creating mechanical demand regardless of valuation.
SpaceX burned capital despite $4.7 billion in Q1 revenue, pays no dividend, and faces lock-up expirations that could deliver real supply shocks.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and ******* eX didn't make the cut. Grab the names FREE today.
SpaceX (NASDAQ:SPCX) went public on Nasdaq on June 12, 2026 in a roughly $75 billion offering, ran to a peak of $225.64 on June 16, then gave back about 18% on the week to land near $147 to $148 by June 23 to 26. As of this morning ******* eX is trading at $155.
Nasdaq-100 inclusion would force index-tracking funds to buy shares on a defined rebalancing schedule, creating mechanical demand regardless of valuation.
SpaceX burned capital despite $4.7 billion in Q1 revenue, pays no dividend, and faces lock-up expirations that could deliver real supply shocks.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and ******* eX didn't make the cut. Grab the names FREE today.
SpaceX (NASDAQ:SPCX) went public on Nasdaq on June 12, 2026 in a roughly $75 billion offering, ran to a peak of $225.64 on June 16, then gave back about 18% on the week to land near $147 to $148 by June 23 to 26. As of this morning ******* eX is trading at $155.
28 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Republican Speaker of the House Mike Johnson recently set off a political firestorm on a highly sensitive topic: Social Security reform.
During a June 8 appearance on a Louisiana radio show (1), Johnson said that more than 74% of federal spending runs "on autopilot," pointing to entitlement programs like Medicare, Medicaid and Social Security as things that "have to be adjusted and fixed." He added that Republicans "have a plan to do that next year," citing the country's $40-trillion-plus debt and saying "desperate times call for desperate measures," according to Newsweek (2).
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's how to fix it ASAP
JP Morgan sees gold hitting $6,000/oz before 2027 — and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold
Republican Speaker of the House Mike Johnson recently set off a political firestorm on a highly sensitive topic: Social Security reform.
During a June 8 appearance on a Louisiana radio show (1), Johnson said that more than 74% of federal spending runs "on autopilot," pointing to entitlement programs like Medicare, Medicaid and Social Security as things that "have to be adjusted and fixed." He added that Republicans "have a plan to do that next year," citing the country's $40-trillion-plus debt and saying "desperate times call for desperate measures," according to Newsweek (2).
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's how to fix it ASAP
JP Morgan sees gold hitting $6,000/oz before 2027 — and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold
30 days ago
Sun Communities, Inc. (NYSE:SUI) is one of the 10 Interest Rate Sensitive Stocks to Buy Now.
On June 26, 2026, Truist lowered its price target on Sun Communities, Inc. (NYSE:SUI) to $138 from $141 and kept a Buy rating. Truist reduced its FY27 FFO view to $7.15 from $7.43 to reflect the announced UK portfolio sale. The firm said investors likely underappreciate the portfolio transformation, with manufactured housing expected to represent about 70% of net operating income after the transaction, supporting a wider valuation premium over multifamily REITs.
On June 5, RBC Capital lowered its price target on Sun Communities, Inc. (NYSE:SUI) to $149 from $151 and kept an Outperform rating on the shares. RBC Capital said it updated its model after the company's UK ***** et sale.
Last month, Wells Fargo lowered its price target on Sun Communities to $142 from $150 and kept an Overweight rating. Wells Fargo said the company's U.K. platform sale was a key step in its multiple expansion thesis when it upgraded Sun Communities to Overweight. The firm said that despite the large impairment, pricing was in line with its expectations, and exiting the U.K. removes a key overhang on the stock.
Sun Communities, Inc. (NYSE:SUI) is a fully integrated REIT listed on the New York Stock Exchange.
On June 26, 2026, Truist lowered its price target on Sun Communities, Inc. (NYSE:SUI) to $138 from $141 and kept a Buy rating. Truist reduced its FY27 FFO view to $7.15 from $7.43 to reflect the announced UK portfolio sale. The firm said investors likely underappreciate the portfolio transformation, with manufactured housing expected to represent about 70% of net operating income after the transaction, supporting a wider valuation premium over multifamily REITs.
On June 5, RBC Capital lowered its price target on Sun Communities, Inc. (NYSE:SUI) to $149 from $151 and kept an Outperform rating on the shares. RBC Capital said it updated its model after the company's UK ***** et sale.
Last month, Wells Fargo lowered its price target on Sun Communities to $142 from $150 and kept an Overweight rating. Wells Fargo said the company's U.K. platform sale was a key step in its multiple expansion thesis when it upgraded Sun Communities to Overweight. The firm said that despite the large impairment, pricing was in line with its expectations, and exiting the U.K. removes a key overhang on the stock.
Sun Communities, Inc. (NYSE:SUI) is a fully integrated REIT listed on the New York Stock Exchange.
1 month ago
Ford made a grave mistake with AI, and has learned the hard way what happens when you overcommit to the technology without properly training it — alienating top talent in the process.
The automaker said this week that it relied too heavily on AI instead of experienced engineers to bring its cars to market. Because of this, Ford has reversed course in the last three years and hired, promoted or rehired 350 experienced technical specialists as part of a sweeping effort to shore up vehicle quality control.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — here are 5 ways to build wealth like a landlord without actually being one
Robert Kiyosaki says this 1 ***** et will surge 400% in a year and begs investors not to miss this 'explosion'
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
The automaker said this week that it relied too heavily on AI instead of experienced engineers to bring its cars to market. Because of this, Ford has reversed course in the last three years and hired, promoted or rehired 350 experienced technical specialists as part of a sweeping effort to shore up vehicle quality control.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — here are 5 ways to build wealth like a landlord without actually being one
Robert Kiyosaki says this 1 ***** et will surge 400% in a year and begs investors not to miss this 'explosion'
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
1 month ago
The ******* e Exploration Technologies (NASDAQ: SPCX) IPO was the biggest, and arguably the most divisive, in history. It raised about $75 billion, and for a brief period on June 16, it surpassed Microsoft and Amazon -- two companies with much stronger balance sheets -- in market cap.
SpaceX has been extremely volatile in its first weeks on the market. Since peaking at $226, it has declined to about $155 at market close on June 24. Does the pullback make for a better buying opportunity, or is the leading ******* e company still overvalued?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The most common criticism in the lead-up to ******* eX going public was the valuation. ******* eX is trading higher than its IPO price of $135 at the time of this writing, so the valuation concerns haven't gone away.
SpaceX isn't profitable, reporting a net loss of $4.9 billion in 2025. Revenue that year was $18.7 billion. At a market cap of just over $2 trillion, ******* eX trades at 109 times last year's sales, making it the most expensive megacap stock. Palantir Technologies (NASDAQ: PLTR), previously the poster child for high valuations, is trading at 65 times annual sales.
SpaceX has been extremely volatile in its first weeks on the market. Since peaking at $226, it has declined to about $155 at market close on June 24. Does the pullback make for a better buying opportunity, or is the leading ******* e company still overvalued?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The most common criticism in the lead-up to ******* eX going public was the valuation. ******* eX is trading higher than its IPO price of $135 at the time of this writing, so the valuation concerns haven't gone away.
SpaceX isn't profitable, reporting a net loss of $4.9 billion in 2025. Revenue that year was $18.7 billion. At a market cap of just over $2 trillion, ******* eX trades at 109 times last year's sales, making it the most expensive megacap stock. Palantir Technologies (NASDAQ: PLTR), previously the poster child for high valuations, is trading at 65 times annual sales.
1 month ago
By Jonathan Stempel
June 24 (Reuters) - A business controlled by the American billionaire Ira Rennert reached a $150 million settlement in the United States with 1,373 Peruvians who claimed they were poisoned by lead and other toxic substances while growing up near a Peruvian smelter, lawyers for the plaintiffs said on Wednesday.
The settlement with Doe Run Resources, part of Rennert's New York-based holding company Renco Group, was announced in St. Louis federal court on Tuesday, when the first of four so-called bellwether trials in the 19-year-old case was scheduled to begin.
• Doe Run and the other defendants did not admit wrongdoing in agreeing to settle, the plaintiffs' lawyer Jerome Schlichter said in a phone interview.
• The plaintiffs accused Doe Run of releasing lead, ***** nic, cadmium and other hazardous substances from a smelter in La Oroya, Peru, which a subsidiary purchased in 1997.
June 24 (Reuters) - A business controlled by the American billionaire Ira Rennert reached a $150 million settlement in the United States with 1,373 Peruvians who claimed they were poisoned by lead and other toxic substances while growing up near a Peruvian smelter, lawyers for the plaintiffs said on Wednesday.
The settlement with Doe Run Resources, part of Rennert's New York-based holding company Renco Group, was announced in St. Louis federal court on Tuesday, when the first of four so-called bellwether trials in the 19-year-old case was scheduled to begin.
• Doe Run and the other defendants did not admit wrongdoing in agreeing to settle, the plaintiffs' lawyer Jerome Schlichter said in a phone interview.
• The plaintiffs accused Doe Run of releasing lead, ***** nic, cadmium and other hazardous substances from a smelter in La Oroya, Peru, which a subsidiary purchased in 1997.
1 month ago
The dollar index (DXY00) today is up by +0.26%. The dollar added to its week-long surge today and posted a new 13-month high. The dollar continues to garner carryover support from last Wednesday, when the FOMC's hawkish stance projected higher interest rates later this year. The dollar fell back from its best level after May's new home sales unexpectedly fell to a 4-month low.
The US Q1 current account balance was -$225.8 billion, a larger deficit than the -$208.9 billion expected.
Dollar Moves Higher as Weak Stocks Boost Liquidity Demand
Dollar Climbs as Stocks Slump
Speculation of Tighter Fed Policy Boosts the Dollar and Hammers Gold
The US Q1 current account balance was -$225.8 billion, a larger deficit than the -$208.9 billion expected.
Dollar Moves Higher as Weak Stocks Boost Liquidity Demand
Dollar Climbs as Stocks Slump
Speculation of Tighter Fed Policy Boosts the Dollar and Hammers Gold
1 month ago
Arthur Hayes expects Bitcoin (BTC) to bottom near $40,000 within the next six months, a prediction the BitMEX co-founder made even as his core positions stay heavily long.
Bitcoin changed hands around $62,278 on Tuesday, down about 3% over 24 hours and locked in a range it has held for weeks. A move to Haye's target would constitute a 35% drawdown below current prices.
Hayes laid out the call during an interview with content creator EllioTrades on June 12. He said he holds put spreads as a hedge, while his long-term book stays large and strictly long.
Follow us on X to get the latest news as it happens
The $40,000 target would mark a steep retreat, and adds to a run of recent calls from Hayes, including a more bullish year-end Bitcoin target. His willingness to hedge, however, signals caution about the next few months.
Bitcoin changed hands around $62,278 on Tuesday, down about 3% over 24 hours and locked in a range it has held for weeks. A move to Haye's target would constitute a 35% drawdown below current prices.
Hayes laid out the call during an interview with content creator EllioTrades on June 12. He said he holds put spreads as a hedge, while his long-term book stays large and strictly long.
Follow us on X to get the latest news as it happens
The $40,000 target would mark a steep retreat, and adds to a run of recent calls from Hayes, including a more bullish year-end Bitcoin target. His willingness to hedge, however, signals caution about the next few months.
1 month ago
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U.S. manufacturing expanded this month at the fastest rate since July 2021 as war-related concerns about supplies pushed up new orders to a four-year high, S&P Global said Tuesday.
At the same time, output and new orders growth in the service sector was sluggish, reflecting resistance to rising prices and low consumer confidence, S&P Global said. Excluding the pandemic period, job cuts at factories hit the highest level since 2009.
"Most worrying was the further fall in employment" in manufacturing prompted by concerns over the rising prices of raw materials and the staying-power of demand, Chris Williamson, chief business economist at S&P Global Market Intelligence, said in a statement. "We remain concerned as factory growth continues to be temporarily buoyed by inventory building amid supply fears."
Overall U.S. business activity rose in June for the third consecutive month, S&P Global said, noting that its composite index increased to 52.2 — a five-month high — from 51.5 in May.
U.S. manufacturing expanded this month at the fastest rate since July 2021 as war-related concerns about supplies pushed up new orders to a four-year high, S&P Global said Tuesday.
At the same time, output and new orders growth in the service sector was sluggish, reflecting resistance to rising prices and low consumer confidence, S&P Global said. Excluding the pandemic period, job cuts at factories hit the highest level since 2009.
"Most worrying was the further fall in employment" in manufacturing prompted by concerns over the rising prices of raw materials and the staying-power of demand, Chris Williamson, chief business economist at S&P Global Market Intelligence, said in a statement. "We remain concerned as factory growth continues to be temporarily buoyed by inventory building amid supply fears."
Overall U.S. business activity rose in June for the third consecutive month, S&P Global said, noting that its composite index increased to 52.2 — a five-month high — from 51.5 in May.
1 month ago
First Solar, Inc. (NASDAQ:FSLR) is one of the 12 High Quality Stocks to Buy for the Long Term.
On June 15, 2026, Mizuho raised the firm's price target on First Solar, Inc. (NASDAQ:FSLR) to $300 from $243 and maintained an Outperform rating on the shares. The firm cited higher U.S. import prices versus its prior estimate of a 3c per watt tariff for the target increase. Mizuho said additional ad-valorem tariffs could push selling prices above 40c per watt in a bull case.
On June 11, 2026, UBS raised the firm's price target on First Solar, Inc. (NASDAQ:FSLR) to $330 from $290 and maintained a Buy rating on the shares. UBS said First Solar is positioned to benefit from Section 232 tariffs, which could drive higher U.S. solar module prices against a robust solar demand backdrop.
Pixabay/Public Domain
Last month, GLJ Research ******* yst Gordon Johnson upgraded First Solar, Inc. (NASDAQ:FSLR) to Buy from Hold with a price target of $315, up from $207.82. Johnson cited resolved cancellation risk and the launch of the company's Series 6 CuRe, or Copper Replacement, at its manufacturing campus in Perrysburg, Ohio.
On June 15, 2026, Mizuho raised the firm's price target on First Solar, Inc. (NASDAQ:FSLR) to $300 from $243 and maintained an Outperform rating on the shares. The firm cited higher U.S. import prices versus its prior estimate of a 3c per watt tariff for the target increase. Mizuho said additional ad-valorem tariffs could push selling prices above 40c per watt in a bull case.
On June 11, 2026, UBS raised the firm's price target on First Solar, Inc. (NASDAQ:FSLR) to $330 from $290 and maintained a Buy rating on the shares. UBS said First Solar is positioned to benefit from Section 232 tariffs, which could drive higher U.S. solar module prices against a robust solar demand backdrop.
Pixabay/Public Domain
Last month, GLJ Research ******* yst Gordon Johnson upgraded First Solar, Inc. (NASDAQ:FSLR) to Buy from Hold with a price target of $315, up from $207.82. Johnson cited resolved cancellation risk and the launch of the company's Series 6 CuRe, or Copper Replacement, at its manufacturing campus in Perrysburg, Ohio.
1 month ago
US Foods Holding Corp. (NYSE:USFD) is one of the 12 Best Growth Stocks Trading in Oversold Territory. On May 7, US Foods reported its Q1 2026 results, showing a 2.8% increase in net sales to $9.6 billion. The company saw total case volume rise by 1.4%, supported by a notable 4.6% growth in independent restaurant case volume. Net income grew 0.9% to $116 million, while diluted EPS increased by 6.1%.
The company achieved an Adjusted EBITDA of $413 million, up 6.2%, and Adjusted Diluted EPS rose 14.7% to $0.78. These results were attributed to disciplined strategy execution and progress on self-help initiatives, which helped the company manage through a challenging macroeconomic environment and weather-related disruptions.
During the quarter, US Foods Holding Corp. (NYSE:USFD) maintained a strong balance sheet while focusing on capital allocation, including $125 million in share repurchases. Management noted that the business exited the quarter with sustained momentum, driven by market share gains across target customer segments and improved distribution productivity.
US Foods Holding Corp. (NYSE:USFD) is a US foodservice distributor supplying restaurants, healthcare, hospitality, and government customers with food products, kitchen essentials, and related services nationwide.
While we acknowledge the potential of USFD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
The company achieved an Adjusted EBITDA of $413 million, up 6.2%, and Adjusted Diluted EPS rose 14.7% to $0.78. These results were attributed to disciplined strategy execution and progress on self-help initiatives, which helped the company manage through a challenging macroeconomic environment and weather-related disruptions.
During the quarter, US Foods Holding Corp. (NYSE:USFD) maintained a strong balance sheet while focusing on capital allocation, including $125 million in share repurchases. Management noted that the business exited the quarter with sustained momentum, driven by market share gains across target customer segments and improved distribution productivity.
US Foods Holding Corp. (NYSE:USFD) is a US foodservice distributor supplying restaurants, healthcare, hospitality, and government customers with food products, kitchen essentials, and related services nationwide.
While we acknowledge the potential of USFD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
1 month ago
AWS grew 28% to $38B last quarter while AMZN's advertising hit $70B in trailing revenue, powering three simultaneous growth engines.
CapEx surged 77% year over year, collapsing free cash flow 95% to $1.2B, but OpenAI and Anthropic's multi-gigawatt contracts pre-justify the infrastructure spend.
Analyst consensus targets $312 against today's $246, and the stock has compounded 597% over ten years through similar volatility cycles.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Amazon didn't make the cut. Grab the names FREE today.
I keep buying Amazon (NASDAQ:AMZN) and I am not going to apologize for it. The stock is down 6.86% over the past month while CNBC anchors argue about June inflation prints, and every time my brokerage screen flashes red I add a few more shares. This is a position I have been compounding into because the underlying business has decoupled from whatever the Fed says next month, and the receipts keep arriving every 90 days.
CapEx surged 77% year over year, collapsing free cash flow 95% to $1.2B, but OpenAI and Anthropic's multi-gigawatt contracts pre-justify the infrastructure spend.
Analyst consensus targets $312 against today's $246, and the stock has compounded 597% over ten years through similar volatility cycles.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Amazon didn't make the cut. Grab the names FREE today.
I keep buying Amazon (NASDAQ:AMZN) and I am not going to apologize for it. The stock is down 6.86% over the past month while CNBC anchors argue about June inflation prints, and every time my brokerage screen flashes red I add a few more shares. This is a position I have been compounding into because the underlying business has decoupled from whatever the Fed says next month, and the receipts keep arriving every 90 days.
1 month ago
Greenskeeper ****** et Management, an independent firm that specializes in disciplined value investing, recently released its Q1 2026 scorecard. A copy is available to download here. The Middle East conflict triggered a sharp stock sell-off in the market, resulting in the Greenskeeper Value Fund posting a -8.1% return in Q1. Despite this challenging quarter, the fund took the opportunity to reinforce its portfolio. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, Greenskeeper ****** et Management highlighted The Hershey Company (NYSE:HSY). The Hershey Company (NYSE:HSY) is the world's leading manufacturer and distributor of confectionery products and pantry items. On June 12, 2026, The Hershey Company (NYSE:HSY) closed at $181.66 per share. One-month return of The Hershey Company (NYSE:HSY) was -5.31%, and its shares gained 6.53% over the past 52 weeks. The Hershey Company (NYSE:HSY) has a market capitalization of $36.85 billion.
Greenskeeper ****** et Management stated the following regarding The Hershey Company (NYSE:HSY) in its Q1 2026 investor letter:
"The Hershey Company (NYSE:HSY) performed well during the quarter, gaining +14.2% as cocoa costs finally retreated, reversing the extreme inflationary pressures of the past two years. As this lower-cost inventory works its way through the balance sheet, we expect input-cost pressures to ease significantly. Crucially, consumer demand has proven resilient; volumes remain above management's original expectations despite the price hikes taken to defend margins. This reinforces our original thesis: Hershey's brand equity is robust enough to withstand significant macro shocks without compromising its long-term competitive position. Furthermore, the company's expansion into salty snacks continues to diversify the earnings stream and support consistent profit growth."
The Hershey Company (NYSE:HSY) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 52 hedge fund portfolios held The Hershey Company (NYSE:HSY) at the end of the first quarter, up from 49 in the previous quarter. While we acknowledge the potential of The Hershey Company (NYSE:HSY) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In its first-quarter 2026 investor letter, Greenskeeper ****** et Management highlighted The Hershey Company (NYSE:HSY). The Hershey Company (NYSE:HSY) is the world's leading manufacturer and distributor of confectionery products and pantry items. On June 12, 2026, The Hershey Company (NYSE:HSY) closed at $181.66 per share. One-month return of The Hershey Company (NYSE:HSY) was -5.31%, and its shares gained 6.53% over the past 52 weeks. The Hershey Company (NYSE:HSY) has a market capitalization of $36.85 billion.
Greenskeeper ****** et Management stated the following regarding The Hershey Company (NYSE:HSY) in its Q1 2026 investor letter:
"The Hershey Company (NYSE:HSY) performed well during the quarter, gaining +14.2% as cocoa costs finally retreated, reversing the extreme inflationary pressures of the past two years. As this lower-cost inventory works its way through the balance sheet, we expect input-cost pressures to ease significantly. Crucially, consumer demand has proven resilient; volumes remain above management's original expectations despite the price hikes taken to defend margins. This reinforces our original thesis: Hershey's brand equity is robust enough to withstand significant macro shocks without compromising its long-term competitive position. Furthermore, the company's expansion into salty snacks continues to diversify the earnings stream and support consistent profit growth."
The Hershey Company (NYSE:HSY) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 52 hedge fund portfolios held The Hershey Company (NYSE:HSY) at the end of the first quarter, up from 49 in the previous quarter. While we acknowledge the potential of The Hershey Company (NYSE:HSY) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
2 months ago
June 8 (Reuters) - Amazon said on Monday it has signed a multi-billion-dollar deal with specialty glass maker Corning aimed at boosting U.S. production of optical fiber and connectivity products that are used in data centers.
Amazon, however, did not disclose any further financial details on the partnership.
Shares of Corning rose about 7% in early trading, as the partnership came as a fresh boost to the company's fast-growing fiber optics unit, at a time when weak consumer electronics demand has weighed on the segment that makes Gorilla glass.
Here are more details on the partnership:
• The multi-year partnership will create 1,000 jobs at Corning's North Carolina facilities, Amazon said.
Amazon, however, did not disclose any further financial details on the partnership.
Shares of Corning rose about 7% in early trading, as the partnership came as a fresh boost to the company's fast-growing fiber optics unit, at a time when weak consumer electronics demand has weighed on the segment that makes Gorilla glass.
Here are more details on the partnership:
• The multi-year partnership will create 1,000 jobs at Corning's North Carolina facilities, Amazon said.
