Orsted CEO Steps Down After Failing to Turn Around Wind Firm
Nipper will step down on Feb. 1 and will be replaced by his deputy Rasmus Errboe, the company said Friday. Nipper had been CEO for four years and had been struggling to improve the company's financial performance after a series of setbacks in the US as the cost of building offshore wind farms keeps rising.
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Yahoo
5 minutes ago
- Yahoo
Where Morgan Stanley is looking for value after powerful rebound in U.S. stocks
The U.S. stock market mostly added to its big rebound from its April low after President Donald Trump announced on Sunday a trade deal with the European Union, amid worries over rich valuations. Investors have been rotating into cyclical stocks from defensive equities amid signs of a resilient economy and confidence in corporate earnings, Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, said in a note Monday. The rotation was partly amplified by optimism over the One Big Beautiful Bill Act suggesting 'a capex boom and cyclical recovery in the second half of 2025 through 2026, potentially further fueled by Federal Reserve rate cuts,' according to her note. Social Security wants to make a change that would cause 3.4 million more people to have to visit its field offices We're in our 70s with a $260K mortgage at 3% interest and $1.6 million in savings. Should we pay off our house in full? Why the man behind 'The Hater's Guide to the AI Bubble' thinks Wall Street's hottest trade will go bust The most important woman in bonds says investors now have unrealistic expectations The stock market has rebounded from the early April selloff sparked by Trump's announcement of 'liberation day' tariffs. The market recovered after the White House paused the tariffs and investors perceived positive developments as the U.S. worked on trade deals. The S&P 500 SPX closed at a record high each day of last week, ahead of Trump's meeting Sunday with European Commission President Ursula von der Leyen in Scotland on trade. They reached an agreement under which the European Union will pay 15% tariffs for most goods imported to the U.S. That followed other trade deals announced last week, including with Japan. Read: S&P 500 scores 5th straight record high ahead of Europe-U.S. trade meeting 'The equity market's powerful recovery from the tariff uncertainty bear market has been driven by multiple factors—technical, positional and fundamental,' Shalett said. 'Oversold conditions and derisking set the stage for a strong pivot back to equities once the 90-day reciprocal tariff pause was announced, while economic resilience supported earnings confidence.' With the S&P 500 again approaching historically high valuations, Morgan Stanley Wealth Management sees investment opportunities in the healthcare sector amid the recent rotation into cyclical stocks, according to Shalett. 'Health care—namely, medical equipment, devices and supplies, and distribution logistics —remains one of our favored fishing ponds for value,' she said. Healthcare XX:SP500.35 has been the worst-performing S&P 500 sector in 2025, according to a Bespoke Investment Group note emailed Monday ahead of the U.S. stock market's opening bell. Consumer discretionary XX:SP500.25 was the only other sector in the red year to date, while six of the S&P 500 index's 11 sectors were beating the index, the Bespoke chart above shows. 'Yes, technology is one of the sectors that's ahead of the S&P 500, but other non-tech sectors like industrials, utilities, financials, and materials have also outperformed' this year, Bespoke said in the note. The S&P 500, which has an outsize weight to Big Tech stocks, has climbed 8.6% in 2025 through Monday. In a sign that this year's rally hasn't been just about Big Tech, shares of the Invesco S&P 500 Equal Weight ETF RSP, an exchange-traded fund that equally weights stocks in the index, has risen 6.5% this year over the same stretch, FactSet data show. 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CNBC
an hour ago
- CNBC
CNBC Daily Open: Time's running out before April tariffs boomerang on China
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Yahoo
an hour ago
- Yahoo
What Are Wall Street Analysts' Target Price for AT&T Stock?
With a market cap of $198.6 billion, AT&T Inc. (T) is one of North America's largest wireless and communications service providers. The Dallas, Texas-based company operates through its Communications and Latin America segments, delivering wireless, broadband, and data services to over 240 million customers, reinforcing its position as a key player in the telecom industry. Shares of the telecom behemoth have notably outperformed the broader market over the past 52 weeks. T has soared 45% over this time frame, while the broader S&P 500 Index ($SPX) has gained 16.6%. Moreover, shares of T are up 20.4% on a YTD basis, compared to SPX's 8.3% rise. More News from Barchart Here's What Happened the Last Time Novo Nordisk Stock Was This Oversold Tesla Just Signed a Chip Supply Deal with Samsung. What Does That Mean for TSLA Stock? Earnings Will Be 'Worse Than Expected' for UnitedHealth. How Should You Play UNH Stock Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Zooming in, AT&T has also surpassed the Communication Services Select Sector SPDR ETF Fund's (XLC) 25.7% rise over the past 52 weeks and 4.2% surge on a YTD basis. On July 23, AT&T reported strong Q2 results, highlighting growth driven by high-quality 5G and fiber subscriber additions. Revenue rose 3.5% year-over-year to $30.8 billion, and adjusted EPS beat expectations at $0.54. The company added 401,000 postpaid wireless subscribers and 243,000 fiber customers, supporting solid service revenue and earnings growth. T shares climbed 1.2% following the earnings release. For the current fiscal year, ending in December 2025, analysts expect T's adjusted EPS to decline 9.7% year-over-year to $2.04. The company's earnings surprise history is mixed. It beat the consensus estimates in three of the last four quarters while missing on another occasion. Among the 28 analysts covering the stock, the consensus rating is a 'Moderate Buy.' That's based on 17 'Strong Buy' ratings, three 'Moderate Buys,' seven 'Holds,' and one 'Strong Sell.' On July 24, Raymond James reaffirmed a "Strong Buy" rating on AT&T and raised its price target from $30 to $31, reflecting continued confidence in the stock's outlook and a 3.33% increase in projected valuation. AT&T's mean price target of $30.36 implies a modest 10.8% premium to current price levels, while the Street-high target of $34 suggests a staggering 24% upside potential. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
