This semiconductor stock could have more room to run after a strong first half, says UBS
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Business Upturn
7 minutes ago
- Business Upturn
Itaú Chile launches its first Sustainable Finance Framework, favorably assessed by S&P Global Ratings
By GlobeNewswire Published on July 4, 2025, 21:37 IST SANTIAGO, Chile, July 04, 2025 (GLOBE NEWSWIRE) — BANCO ITAÚ CHILE (SSE by nuam: ITAUCL) today announced the release of its first Sustainable Finance Framework (the 'Framework'), establishing a comprehensive platform for the issuance of green, social, and sustainability-linked instruments, aligned with leading international standards. S&P Global Ratings issued a Second Party Opinion (SPO), rating the Framework's alignment with global standards as 'Strong', based on the following principles: ICMA Green Bond Principles (2021) ICMA Social Bond Principles (2023) ICMA Sustainability Bond Guidelines (2021) LMA / APLMA Green & Social Loan Principles (2023) ' With this Framework, we place sustainability at the core of our financing strategy, enabling investors to directly support Chile's energy transition and social inclusion agenda ,' said Claudia Labbé, Chief Sustainability Officer and Head of Corporate Affairs at Itaú Chile. This initiative reflects Itaú Chile's strong commitment to sustainability, which is fully integrated into its business strategy. Through concrete actions such as sustainable finance, carbon footprint measurement, and financial inclusion programs, the bank aims to contribute actively to a resilient, inclusive, and low-emission economy. The Framework reinforces Itaú's belief that finance can be a powerful driver of sustainable development For the full Sustainable Finance Framework, please refer to the following link: For the Second Party Opinion (SPO) issued by S&P Global Ratings, dated July 4, 2025, please refer to the following link: Investor Relations – Itaú Chile [email protected] / Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Miami Herald
20 minutes ago
- Miami Herald
Analyst resets Datadog stock price target after surprise addition to S&P 500
Shares of Datadog (DDOG) surged nearly 15% to $155.15 on July 3 after S&P Global said the monitoring software provider will be included in the S&P 500 U.S. stock index, effective before the market opens on July 9. The move surprised some investors, who had expected names like Robinhood (HOOD) or AppLovin (APP) to be next in line. Datadog will replace Juniper Networks (JNPR) , which was just acquired by Hewlett-Packard Enterprise Co. (HPE) . The S&P 500 is a stock index that tracks the performance of 500 of the leading publicly traded companies in the U.S., serving as a key benchmark for the overall health of the U.S. economy. Tech firms now make up a major share of the index and have an important impact on its movements. Stocks could likely rally after being added to a major index like the S&P 500 because of increased demand from institutional investors, especially passive index funds. DoorDash (DASH) joined the index in March and has risen 20% since. Palantir (PLTR) , which was added last September, has jumped more than 250% since joining. Datadog has lagged behind the broader tech sector this year, falling 5.5% through July 2, while the Nasdaq has gained 5.6%. The stock also underperformed the Nasdaq Composite Index in 2024. Image source: NurPhoto/Getty Images New York-based Datadog, founded in 2010, went public in 2019. It produces software that monitors and secures an enterprise's entire technology infrastructure - including servers, applications, databases, and security systems. The company has benefited from expanding into AI. It offers tools such as LLM Observability to help businesses monitor machine learning models and AI-driven applications in production. Related: Analyst sends bold message on quantum computing stocks after Nvidia CEO's pivot In Q1 2025, Datadog generated $761.6 million in revenue, a 25% increase from a year earlier and ahead of the $741.5 million analysts were expecting. Adjusted earnings came in at 46 cents per share, beating estimates closer to 43 cents. The company raised its full-year revenue forecast to between $3.22 billion and $3.24 billion, up from its previous range of $3.18 billion to $3.20 billion. Wall Street had been looking for around $3.20 billion, according to LSEG data pulled by Reuters. Datadog also gave a second-quarter revenue outlook that topped expectations. Its next earnings report is expected in early August. Wedbush analyst Daniel Ives raised the firm's price target on Datadog to $170 from $140 and reiterated an outperform rating following the news, citing "incremental confidence in the company to capitalize on its observability initiatives over the coming years." Ives said Datadog's platform "continues to gain momentum within the observability space, especially with AI front and center." He expects the company to gain more market share with elevated usage for its AI cohort across its enterprise customers. Related: Veteran fund manager sets bold new targets on Palantir, Nvidia stocks "Datadog's new products and features look to complement agentic AI trends following the company's recent partnership with OpenAI," he wrote. "On the software front, Datadog remains one of our favorite names to own, and our recent checks have been very strong as the AI Revolution takes hold." More Wall Street Analysts: Analysts reboot Olive Garden parent's stock price targets as earnings loomAnalysts revamp forecast for Nvidia-backed AI stockIntuitive Surgical analyst raises eyebrows with new stock price target According to TipRanks, the average 12-month price target for Datadog is $140.46, based on ratings from 37 Wall Street analysts. That implies a downside of about 9.5% from the July 3 closing price of $155.15. Related: Cathie Wood buys $20.7 million of surging tech stock The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
an hour ago
- Yahoo
What do China's surging exports mean for the world?
-- China's recent export surge is creating ripple effects across global trade, with UBS analysts warning of a potential 'second China shock.' According to UBS, 'export volumes [are] up 20%' over the past two years, compared to just 6% growth in the rest of the world, marking China's strongest trade outperformance since joining the World Trade Organization. Much of this growth is being directed toward emerging markets (EM), which now account for over half of China's exports and trade surplus, said the bank. 'That China's share of final demand is rising in sectors ranging from Latam autos to ASEAN household appliances shows that its export penetration runs far deeper than cyclical 'transshipping' effects,' UBS wrote. They add that the quality of Chinese goods is improving, and the country's export momentum continues even as negative price deflators ease. 'This isn't just about low prices… quality is playing an increasingly important role,' UBS noted. While some of China's export strengths are in building new supply chains, such as Hungarian autos and Indonesian mining, UBS cautioned that the broader trend could weigh on other EM economies. 'China's rising export competitiveness may compromise growth in the rest of EM,' the analysts warned, citing weak FDI inflows, declining manufacturing/GDP ratios, and deflationary pressures in sectors like chemicals and household products. UBS sees limited near-term progress in China's efforts to curb overcapacity. Despite higher U.S. tariffs and attempts to boost domestic consumption, 'disinflationary spillovers' are likely to persist. 'These disinflationary spillovers will leave EM central banks with more work to do,' UBS added. The implications for global markets are said to be mixed, with some EM equities potentially benefiting from looser monetary policy, particularly in countries less exposed to Chinese competition. Related articles What do China's surging exports mean for the world? Fed's Bostic says tariffs effects may take a year 'to fully play out' President Trump's views on Japan tariffs may be misinformed, says PM Ishiba
