2 Software Stocks to Target This Week and 1 to Avoid
However, some businesses can support their premium valuations with superior earnings growth, and our mission at StockStory is to help you find them. Keeping that in mind, here are two resilient software stocks at the top of our wish list and one that may face trouble.
Market Cap: $2.87 billion
Founded in 2000 as a business unit within MicroStrategy, Alarm.com (NASDAQ:ALRM) is a software-as-a-service platform that enables users to control their security systems and smart home appliances from a single app.
Why Does ALRM Give Us Pause?
Products, pricing, or go-to-market strategy may need some adjustments as its 6.6% average billings growth over the last year was weak
Estimated sales growth of 4.2% for the next 12 months implies demand will slow from its three-year trend
High servicing costs result in a relatively inferior gross margin of 65.7% that must be offset through increased usage
At $57.69 per share, Alarm.com trades at 3.5x forward price-to-sales. Check out our free in-depth research report to learn more about why ALRM doesn't pass our bar.
Market Cap: $15.81 billion
Founded in 2014 and named after the dreaded first day of the work week, Monday.com (NASDAQ:MNDY) is a software-as-a-service platform that helps organizations plan and track work efficiently.
Why Will MNDY Outperform?
ARR trends over the last year show it's maintaining a steady flow of long-term contracts that contribute positively to its revenue predictability
Software is difficult to replicate at scale and results in a best-in-class gross margin of 89.5%
Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends
Monday.com is trading at $307.40 per share, or 12.6x forward price-to-sales. Is now a good time to buy? Find out in our full research report, it's free.
Market Cap: $1.41 billion
Founded in 2009, Integral Ad Science (NASDAQ:IAS) provides digital advertising verification and optimization solutions, ensuring that ads are viewable by real people in brand-safe environments across various platforms and devices.
Why Are We Positive On IAS?
Fast payback periods on sales and marketing expenses allow the company to invest heavily and onboard many customers concurrently
Operating profits increased over the last year as the company gained some leverage on its fixed costs and became more efficient
Robust free cash flow margin of 22.1% gives it many options for capital deployment
Integral Ad Science's stock price of $8.53 implies a valuation ratio of 2.3x forward price-to-sales. Is now the time to initiate a position? See for yourself in our comprehensive research report, it's free.
The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025.
While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025).
Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today
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Yahoo
5 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq steady as Trump says he won't extend August 1 tariff deadline
US stocks were little changed on Tuesday as Wall Street weighed President Trump's threat of stiff tariffs on key trading partners against his three-week reprieve on the return of sweeping "Liberation Day" duties. The S&P 500 (^GSPC) hovered near the flatlne, while the Dow Jones Industrial Average (^DJI) was down 0.1% at last check. The tech-heavy Nasdaq Composite (^IXIC) rose slightly, on the heels of a losing start to the week for the major gauges. Stocks are treading water as markets search for the positive in Trump's latest trade policy shifts. He has moved his July 9 deadline for the resumption of "reciprocal" tariff rates to Aug. 1, giving countries three extra weeks to negotiate trade deals with the US. On Tuesday morning, Trump said there would be no extension beyond the Aug. 1 deadline, when countries are expected to begin paying tariffs, as his administration continues sending letters to foreign officials notifying them of the rates on imported goods. His comments come amid investor speculation that Trump might once again delay the timeline in what has been dubbed the "TACO" trade — the idea that "Trump always chickens out," or that he will eventually dial back on his trade threats. Read more: The latest on Trump's tariffs Stock benchmarks in Japan and South Korea closed higher on Tuesday, despite Trump's threat to start imposing 25% duties on imports from those countries in August. Another 12 US trading partners received letters laying out tariffs of up to 40% on Monday, with Malaysia, South Africa, and Indonesia among them. In corporate news, Amazon (AMZN) shares slid around 2% as its Prime Day deals kicked off. The e-commerce giant has extended the event to four days this year, with investors on watch for signs that tariff costs are pushing up price tags. Elsewhere, Wall Street expects a quiet week in terms of economic releases and earnings. Minutes from the Federal Reserve's June meeting are due on Wednesday, while Delta's (DAL) results on Thursday signal the return of earnings season. Uber (UBER) shares briefly touched another intraday record on Tuesday before retreating. The stock was down more than 1% by mid-session on Tuesday. Shares of the ride-hailing company have been on a tear this year, gaining more than 60% and closing at an all-time high on Monday. Tesla's (TSLA) muted response to its robotaxis event in Texas two weeks ago could be helping the stock. Uber and Alphabet's (GOOG, GOOGL) Waymo have expanded their partnership to offer autonomous ride hailing services in Atlanta and Austin. President Trump said there will be no extension beyond the Aug. 1 deadline, when countries are expected to begin paying tariffs, as his administration continues sending letters to foreign officials notifying them of the new import duties. "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change," wrote Trump on social media. "In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted," he added. His comments come amid investor speculation that Trump might once again delay the timeline, following a previous pause days after April's Liberation Day, when he announced a broad reciprocal tariff plan targeting US trading partners. Circle (CRCL) shares dipped as much as 4% before paring losses on Tuesday after a Wall Street analyst flagged growing risks from rising competition and looming interest-rate cuts that could take a bite out of the stablecoin issuer's revenue. The stock has surged more than 500% since Circle's public debut last month at $31 per share, buoyed by optimism around the broader adoption of asset-backed digital tokens. But Mizuho analysts pushed back on the bullish outlook, initiating coverage with an Underperform rating and a $85 price target, compared with its recent levels above $200 a share. Circle makes much of its money from interest income — specifically from the short-term treasury bills that underpin its stablecoin, USDC. "We believe consensus does not fully account for looming interest rate cuts, and also overstates USDC's medium-term growth potential," wrote Mizuho managing director Dan Dolev and his team. Dolev also pointed to rising distribution costs as Circle shares a portion of its reserve income partners like Coinbase (COIN). The analysts also pointed out last months' passage of the GENIUS Act, legislation aimed at creating regulatory guardrails for the industry, could be the catalyst that brings competing stablecoins to the market. Stocks were little changed Tuesday as investors awaited further trade developments after President Trump sent tariff letters to 14 countries and extended his deadline for "reciprocal" tariff rates from July 9 to August 1, giving trading partners three more weeks to negotiate. The S&P 500 (^GSPC) rose 0.1%. The Dow Jones Industrial Average (^DJI) fell slightly. The tech-heavy Nasdaq Composite (^IXIC) edged up 0.3%, on the heels of a losing start to the week for the major gauges. Tesla stock (TSLA) rose 1% after sinking more than 6% in the prior session as CEO Elon Musk announced his intention to start a new third political party in the US. Tesla stock (TSLA) rose 1% in premarket trading on Tuesday. However, it remains below the key 50-day, 100-day, and 200-day moving averages, according to Yahoo Finance analysis. Yahoo Finance's Brian Sozzi writes: Read more here. Reuters reports: Read more here. Solar stocks fell in premarket trading on Tuesday after President Trump issued an executive order directing federal agencies to strictly enforce provisions in the "big, beautiful bill" that would end clean energy subsidies. Under the law and Trump's executive order, only projects that have "a substantial portion of a subject facility" built in the next 12 months can claim tax credits, and the projects must be in service by 2027. Trump also directed the heads of Treasury and Interior to write new guidance in the next 45 days. Sunrun (RUN) fell 7.2%, Enphase (ENPH) dropped 3.4%, and First Solar (FSLR) was down 2.7%. NextEra Energy (NEE) and AES (AES) slid 2.3%. Yahoo Finance's Hamza Shaban reports in today's Morning Brief: Read more here. Meta (META) has hired Ruoming Pang, the head of Apple's (AAPL) artificial intelligence models team, in another setback for the iPhone maker's AI push. Pang is the latest big hire in Meta CEO Mark Zuckerberg's fierce AI headhunting spree, and he was offered a package worth tens of millions of dollars to lure him away from Apple, sources told Bloomberg. Bloomberg reports: Read more here. Earnings: No notable earnings releases. Economic data: NFIB small business optimism (June); NY Fed 1-year inflation expectations (June) Here are some of the biggest stories you may have missed overnight and early this morning: Trump's new tariffs are nearly identical to 'Liberation Day' rates Here's who will benefit most from the Trump tax bill's new SALT cap China warns Trump on tariffs, threatens supply chain payback Apple loses top AI models exec to Meta Japan, South Korea stocks gain as Trump extends tariff deadline Chipmakers may face serious disruption in copper supply: PwC EU rushes to conclude framework trade deal with US Goldman lifts S&P 500 forecasts, sees 6,600 by year's end Here are some top stocks trending on Yahoo Finance in premarket trading: First Solar (FSLR) shares fell 2% on Tuesday before the bell following the announcement on Monday that President Trump's "big, beautiful bill" will end clean energy subsidies for companies like First Solar. Battery provider, SolarEdge Technologies (SEDG), fell 4% and Enphase Energy (ENPH) also dropped 4%. Tesla (TSLA) stock rebounded on Tuesday and was up 1% in premarket trading after closing 6% down on Monday. CEO Elon Musk announced he plans to continue in politics by making the "America Party," despite calls from investors to refocus on running his company. Alaska Airlines (AAL) stock rose 3% after the airline received a positive earnings preview. UBS Securities said in an earnings preview Monday that it expects Alaska Airlines' second quarter earnings per share to be in line with company guidance due to demand stabilizing. Japan and South Korea's stock benchmarks edged higher on Tuesday, despite President Trump's threat of 25% tariff rates in letters sent to the top US trading partners. Analysts suggest markets are cautiously hopeful that the countries can hammer out a trade deal with the US, as Trump has given more breathing space by pushing back the start of tariffs to Aug. 1. Reuters reports: Read more here. Oil dipped early Tuesday morning as investors eyed the impacts of Trump's fast-approaching tariffs, despite the deadline for implementation being pushed until August. In combination with tariff speculation, OPEC+ announced a decision to increase supply in August, further lowering the price of the commodity. Bloomberg reports: Read more here. Uber (UBER) shares briefly touched another intraday record on Tuesday before retreating. The stock was down more than 1% by mid-session on Tuesday. Shares of the ride-hailing company have been on a tear this year, gaining more than 60% and closing at an all-time high on Monday. Tesla's (TSLA) muted response to its robotaxis event in Texas two weeks ago could be helping the stock. Uber and Alphabet's (GOOG, GOOGL) Waymo have expanded their partnership to offer autonomous ride hailing services in Atlanta and Austin. President Trump said there will be no extension beyond the Aug. 1 deadline, when countries are expected to begin paying tariffs, as his administration continues sending letters to foreign officials notifying them of the new import duties. "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change," wrote Trump on social media. "In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted," he added. His comments come amid investor speculation that Trump might once again delay the timeline, following a previous pause days after April's Liberation Day, when he announced a broad reciprocal tariff plan targeting US trading partners. Circle (CRCL) shares dipped as much as 4% before paring losses on Tuesday after a Wall Street analyst flagged growing risks from rising competition and looming interest-rate cuts that could take a bite out of the stablecoin issuer's revenue. The stock has surged more than 500% since Circle's public debut last month at $31 per share, buoyed by optimism around the broader adoption of asset-backed digital tokens. But Mizuho analysts pushed back on the bullish outlook, initiating coverage with an Underperform rating and a $85 price target, compared with its recent levels above $200 a share. Circle makes much of its money from interest income — specifically from the short-term treasury bills that underpin its stablecoin, USDC. "We believe consensus does not fully account for looming interest rate cuts, and also overstates USDC's medium-term growth potential," wrote Mizuho managing director Dan Dolev and his team. Dolev also pointed to rising distribution costs as Circle shares a portion of its reserve income partners like Coinbase (COIN). The analysts also pointed out last months' passage of the GENIUS Act, legislation aimed at creating regulatory guardrails for the industry, could be the catalyst that brings competing stablecoins to the market. Stocks were little changed Tuesday as investors awaited further trade developments after President Trump sent tariff letters to 14 countries and extended his deadline for "reciprocal" tariff rates from July 9 to August 1, giving trading partners three more weeks to negotiate. The S&P 500 (^GSPC) rose 0.1%. The Dow Jones Industrial Average (^DJI) fell slightly. The tech-heavy Nasdaq Composite (^IXIC) edged up 0.3%, on the heels of a losing start to the week for the major gauges. Tesla stock (TSLA) rose 1% after sinking more than 6% in the prior session as CEO Elon Musk announced his intention to start a new third political party in the US. Tesla stock (TSLA) rose 1% in premarket trading on Tuesday. However, it remains below the key 50-day, 100-day, and 200-day moving averages, according to Yahoo Finance analysis. Yahoo Finance's Brian Sozzi writes: Read more here. Reuters reports: Read more here. Solar stocks fell in premarket trading on Tuesday after President Trump issued an executive order directing federal agencies to strictly enforce provisions in the "big, beautiful bill" that would end clean energy subsidies. Under the law and Trump's executive order, only projects that have "a substantial portion of a subject facility" built in the next 12 months can claim tax credits, and the projects must be in service by 2027. Trump also directed the heads of Treasury and Interior to write new guidance in the next 45 days. Sunrun (RUN) fell 7.2%, Enphase (ENPH) dropped 3.4%, and First Solar (FSLR) was down 2.7%. NextEra Energy (NEE) and AES (AES) slid 2.3%. Yahoo Finance's Hamza Shaban reports in today's Morning Brief: Read more here. Meta (META) has hired Ruoming Pang, the head of Apple's (AAPL) artificial intelligence models team, in another setback for the iPhone maker's AI push. Pang is the latest big hire in Meta CEO Mark Zuckerberg's fierce AI headhunting spree, and he was offered a package worth tens of millions of dollars to lure him away from Apple, sources told Bloomberg. Bloomberg reports: Read more here. Earnings: No notable earnings releases. Economic data: NFIB small business optimism (June); NY Fed 1-year inflation expectations (June) Here are some of the biggest stories you may have missed overnight and early this morning: Trump's new tariffs are nearly identical to 'Liberation Day' rates Here's who will benefit most from the Trump tax bill's new SALT cap China warns Trump on tariffs, threatens supply chain payback Apple loses top AI models exec to Meta Japan, South Korea stocks gain as Trump extends tariff deadline Chipmakers may face serious disruption in copper supply: PwC EU rushes to conclude framework trade deal with US Goldman lifts S&P 500 forecasts, sees 6,600 by year's end Here are some top stocks trending on Yahoo Finance in premarket trading: First Solar (FSLR) shares fell 2% on Tuesday before the bell following the announcement on Monday that President Trump's "big, beautiful bill" will end clean energy subsidies for companies like First Solar. Battery provider, SolarEdge Technologies (SEDG), fell 4% and Enphase Energy (ENPH) also dropped 4%. Tesla (TSLA) stock rebounded on Tuesday and was up 1% in premarket trading after closing 6% down on Monday. CEO Elon Musk announced he plans to continue in politics by making the "America Party," despite calls from investors to refocus on running his company. Alaska Airlines (AAL) stock rose 3% after the airline received a positive earnings preview. UBS Securities said in an earnings preview Monday that it expects Alaska Airlines' second quarter earnings per share to be in line with company guidance due to demand stabilizing. Japan and South Korea's stock benchmarks edged higher on Tuesday, despite President Trump's threat of 25% tariff rates in letters sent to the top US trading partners. Analysts suggest markets are cautiously hopeful that the countries can hammer out a trade deal with the US, as Trump has given more breathing space by pushing back the start of tariffs to Aug. 1. Reuters reports: Read more here. Oil dipped early Tuesday morning as investors eyed the impacts of Trump's fast-approaching tariffs, despite the deadline for implementation being pushed until August. In combination with tariff speculation, OPEC+ announced a decision to increase supply in August, further lowering the price of the commodity. Bloomberg reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq little changed as Trump's deadline delay gives hope of trade deals
US stocks were little changed on Tuesday as Wall Street weighed President Trump's threat of stiff tariffs on key trading partners against his reprieve on the return of sweeping "Liberation Day" duties. The S&P 500 (^GSPC) hovered near the flatlne, while the Dow Jones Industrial Average (^DJI) was down 0.1% at last check. The tech-heavy Nasdaq Composite (^IXIC) rose slightly, on the heels of a losing start to the week for the major gauges. Stocks are treading water as markets search for the positive in Trump's latest trade policy shifts. He has moved his July 9 deadline for the resumption of "reciprocal" tariff rates to Aug. 1, giving countries three extra weeks to negotiate trade deals with the US. The president said late Monday that the Aug. 1 deadline was "firm, but not 100% firm" and that he's open to extensions if countries make proposals. That provided fuel for the "TACO" trade — the idea that "Trump always chickens out," or that he will eventually dial back on his trade threats. Read more: The latest on Trump's tariffs Stock benchmarks in Japan and South Korea closed higher on Tuesday, despite Trump's threat to start imposing 25% duties on imports from those countries in August. Another 12 US trading partners received letters laying out tariffs of up to 40% on Monday, with Malaysia, South Africa, and Indonesia among them. The letters said the rates could be adjusted if countries tailor their trade policies as the US wants. In response, South Korea said it would kick trade negotiations with the US into high gear, adding that it considered the new date an extension of a grace period. "The president may send more letters in the coming days and weeks," the White House said in a statement. Meanwhile, Amazon (AMZN) shares slid around 2% as its Prime Day deals kicked off. The e-commerce giant has extended the event to four days this year, with investors on watch for signs that tariff costs are pushing up price tags. Elsewhere, Wall Street expects a quiet week in terms of economic releases and earnings. Minutes from the Federal Reserve's June meeting are due on Wednesday, while Delta's (DAL) results on Thursday signal the return of earnings season. Uber (UBER) shares briefly touched another intraday record on Tuesday before retreating. The stock was down more than 1% by mid-session on Tuesday. Shares of the ride-hailing company have been on a tear this year, gaining more than 60% and closing at an all-time high on Monday. Tesla's (TSLA) muted response to its robotaxis event in Texas two weeks ago could be helping the stock. Uber and Alphabet's (GOOG, GOOGL) Waymo have expanded their partnership to offer autonomous ride hailing services in Atlanta and Austin. President Trump said there will be no extension beyond the Aug. 1 deadline, when countries are expected to begin paying tariffs, as his administration continues sending letters to foreign officials notifying them of the new import duties. "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change," wrote Trump on social media. "In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted," he added. His comments come amid investor speculation that Trump might once again delay the timeline, following a previous pause days after April's Liberation Day, when he announced a broad reciprocal tariff plan targeting US trading partners. Circle (CRCL) shares dipped as much as 4% before paring losses on Tuesday after a Wall Street analyst flagged growing risks from rising competition and looming interest-rate cuts that could take a bite out of the stablecoin issuer's revenue. The stock has surged more than 500% since Circle's public debut last month at $31 per share, buoyed by optimism around the broader adoption of asset-backed digital tokens. But Mizuho analysts pushed back on the bullish outlook, initiating coverage with an Underperform rating and a $85 price target, compared with its recent levels above $200 a share. Circle makes much of its money from interest income — specifically from the short-term treasury bills that underpin its stablecoin, USDC. "We believe consensus does not fully account for looming interest rate cuts, and also overstates USDC's medium-term growth potential," wrote Mizuho managing director Dan Dolev and his team. Dolev also pointed to rising distribution costs as Circle shares a portion of its reserve income partners like Coinbase (COIN). The analysts also pointed out last months' passage of the GENIUS Act, legislation aimed at creating regulatory guardrails for the industry, could be the catalyst that brings competing stablecoins to the market. Stocks were little changed Tuesday as investors awaited further trade developments after President Trump sent tariff letters to 14 countries and extended his deadline for "reciprocal" tariff rates from July 9 to August 1, giving trading partners three more weeks to negotiate. The S&P 500 (^GSPC) rose 0.1%. The Dow Jones Industrial Average (^DJI) fell slightly. The tech-heavy Nasdaq Composite (^IXIC) edged up 0.3%, on the heels of a losing start to the week for the major gauges. Tesla stock (TSLA) rose 1% after sinking more than 6% in the prior session as CEO Elon Musk announced his intention to start a new third political party in the US. Tesla stock (TSLA) rose 1% in premarket trading on Tuesday. However, it remains below the key 50-day, 100-day, and 200-day moving averages, according to Yahoo Finance analysis. Yahoo Finance's Brian Sozzi writes: Read more here. Reuters reports: Read more here. Solar stocks fell in premarket trading on Tuesday after President Trump issued an executive order directing federal agencies to strictly enforce provisions in the "big, beautiful bill" that would end clean energy subsidies. Under the law and Trump's executive order, only projects that have "a substantial portion of a subject facility" built in the next 12 months can claim tax credits, and the projects must be in service by 2027. Trump also directed the heads of Treasury and Interior to write new guidance in the next 45 days. Sunrun (RUN) fell 7.2%, Enphase (ENPH) dropped 3.4%, and First Solar (FSLR) was down 2.7%. NextEra Energy (NEE) and AES (AES) slid 2.3%. Yahoo Finance's Hamza Shaban reports in today's Morning Brief: Read more here. Meta (META) has hired Ruoming Pang, the head of Apple's (AAPL) artificial intelligence models team, in another setback for the iPhone maker's AI push. Pang is the latest big hire in Meta CEO Mark Zuckerberg's fierce AI headhunting spree, and he was offered a package worth tens of millions of dollars to lure him away from Apple, sources told Bloomberg. Bloomberg reports: Read more here. Earnings: No notable earnings releases. Economic data: NFIB small business optimism (June); NY Fed 1-year inflation expectations (June) Here are some of the biggest stories you may have missed overnight and early this morning: Trump's new tariffs are nearly identical to 'Liberation Day' rates Here's who will benefit most from the Trump tax bill's new SALT cap China warns Trump on tariffs, threatens supply chain payback Apple loses top AI models exec to Meta Japan, South Korea stocks gain as Trump extends tariff deadline Chipmakers may face serious disruption in copper supply: PwC EU rushes to conclude framework trade deal with US Goldman lifts S&P 500 forecasts, sees 6,600 by year's end Here are some top stocks trending on Yahoo Finance in premarket trading: First Solar (FSLR) shares fell 2% on Tuesday before the bell following the announcement on Monday that President Trump's "big, beautiful bill" will end clean energy subsidies for companies like First Solar. Battery provider, SolarEdge Technologies (SEDG), fell 4% and Enphase Energy (ENPH) also dropped 4%. Tesla (TSLA) stock rebounded on Tuesday and was up 1% in premarket trading after closing 6% down on Monday. CEO Elon Musk announced he plans to continue in politics by making the "America Party," despite calls from investors to refocus on running his company. Alaska Airlines (AAL) stock rose 3% after the airline received a positive earnings preview. UBS Securities said in an earnings preview Monday that it expects Alaska Airlines' second quarter earnings per share to be in line with company guidance due to demand stabilizing. Japan and South Korea's stock benchmarks edged higher on Tuesday, despite President Trump's threat of 25% tariff rates in letters sent to the top US trading partners. Analysts suggest markets are cautiously hopeful that the countries can hammer out a trade deal with the US, as Trump has given more breathing space by pushing back the start of tariffs to Aug. 1. Reuters reports: Read more here. Oil dipped early Tuesday morning as investors eyed the impacts of Trump's fast-approaching tariffs, despite the deadline for implementation being pushed until August. In combination with tariff speculation, OPEC+ announced a decision to increase supply in August, further lowering the price of the commodity. Bloomberg reports: Read more here. Uber (UBER) shares briefly touched another intraday record on Tuesday before retreating. The stock was down more than 1% by mid-session on Tuesday. Shares of the ride-hailing company have been on a tear this year, gaining more than 60% and closing at an all-time high on Monday. Tesla's (TSLA) muted response to its robotaxis event in Texas two weeks ago could be helping the stock. Uber and Alphabet's (GOOG, GOOGL) Waymo have expanded their partnership to offer autonomous ride hailing services in Atlanta and Austin. President Trump said there will be no extension beyond the Aug. 1 deadline, when countries are expected to begin paying tariffs, as his administration continues sending letters to foreign officials notifying them of the new import duties. "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change," wrote Trump on social media. "In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted," he added. His comments come amid investor speculation that Trump might once again delay the timeline, following a previous pause days after April's Liberation Day, when he announced a broad reciprocal tariff plan targeting US trading partners. Circle (CRCL) shares dipped as much as 4% before paring losses on Tuesday after a Wall Street analyst flagged growing risks from rising competition and looming interest-rate cuts that could take a bite out of the stablecoin issuer's revenue. The stock has surged more than 500% since Circle's public debut last month at $31 per share, buoyed by optimism around the broader adoption of asset-backed digital tokens. But Mizuho analysts pushed back on the bullish outlook, initiating coverage with an Underperform rating and a $85 price target, compared with its recent levels above $200 a share. Circle makes much of its money from interest income — specifically from the short-term treasury bills that underpin its stablecoin, USDC. "We believe consensus does not fully account for looming interest rate cuts, and also overstates USDC's medium-term growth potential," wrote Mizuho managing director Dan Dolev and his team. Dolev also pointed to rising distribution costs as Circle shares a portion of its reserve income partners like Coinbase (COIN). The analysts also pointed out last months' passage of the GENIUS Act, legislation aimed at creating regulatory guardrails for the industry, could be the catalyst that brings competing stablecoins to the market. Stocks were little changed Tuesday as investors awaited further trade developments after President Trump sent tariff letters to 14 countries and extended his deadline for "reciprocal" tariff rates from July 9 to August 1, giving trading partners three more weeks to negotiate. The S&P 500 (^GSPC) rose 0.1%. The Dow Jones Industrial Average (^DJI) fell slightly. The tech-heavy Nasdaq Composite (^IXIC) edged up 0.3%, on the heels of a losing start to the week for the major gauges. Tesla stock (TSLA) rose 1% after sinking more than 6% in the prior session as CEO Elon Musk announced his intention to start a new third political party in the US. Tesla stock (TSLA) rose 1% in premarket trading on Tuesday. However, it remains below the key 50-day, 100-day, and 200-day moving averages, according to Yahoo Finance analysis. Yahoo Finance's Brian Sozzi writes: Read more here. Reuters reports: Read more here. Solar stocks fell in premarket trading on Tuesday after President Trump issued an executive order directing federal agencies to strictly enforce provisions in the "big, beautiful bill" that would end clean energy subsidies. Under the law and Trump's executive order, only projects that have "a substantial portion of a subject facility" built in the next 12 months can claim tax credits, and the projects must be in service by 2027. Trump also directed the heads of Treasury and Interior to write new guidance in the next 45 days. Sunrun (RUN) fell 7.2%, Enphase (ENPH) dropped 3.4%, and First Solar (FSLR) was down 2.7%. NextEra Energy (NEE) and AES (AES) slid 2.3%. Yahoo Finance's Hamza Shaban reports in today's Morning Brief: Read more here. Meta (META) has hired Ruoming Pang, the head of Apple's (AAPL) artificial intelligence models team, in another setback for the iPhone maker's AI push. Pang is the latest big hire in Meta CEO Mark Zuckerberg's fierce AI headhunting spree, and he was offered a package worth tens of millions of dollars to lure him away from Apple, sources told Bloomberg. Bloomberg reports: Read more here. Earnings: No notable earnings releases. Economic data: NFIB small business optimism (June); NY Fed 1-year inflation expectations (June) Here are some of the biggest stories you may have missed overnight and early this morning: Trump's new tariffs are nearly identical to 'Liberation Day' rates Here's who will benefit most from the Trump tax bill's new SALT cap China warns Trump on tariffs, threatens supply chain payback Apple loses top AI models exec to Meta Japan, South Korea stocks gain as Trump extends tariff deadline Chipmakers may face serious disruption in copper supply: PwC EU rushes to conclude framework trade deal with US Goldman lifts S&P 500 forecasts, sees 6,600 by year's end Here are some top stocks trending on Yahoo Finance in premarket trading: First Solar (FSLR) shares fell 2% on Tuesday before the bell following the announcement on Monday that President Trump's "big, beautiful bill" will end clean energy subsidies for companies like First Solar. Battery provider, SolarEdge Technologies (SEDG), fell 4% and Enphase Energy (ENPH) also dropped 4%. Tesla (TSLA) stock rebounded on Tuesday and was up 1% in premarket trading after closing 6% down on Monday. CEO Elon Musk announced he plans to continue in politics by making the "America Party," despite calls from investors to refocus on running his company. Alaska Airlines (AAL) stock rose 3% after the airline received a positive earnings preview. UBS Securities said in an earnings preview Monday that it expects Alaska Airlines' second quarter earnings per share to be in line with company guidance due to demand stabilizing. Japan and South Korea's stock benchmarks edged higher on Tuesday, despite President Trump's threat of 25% tariff rates in letters sent to the top US trading partners. Analysts suggest markets are cautiously hopeful that the countries can hammer out a trade deal with the US, as Trump has given more breathing space by pushing back the start of tariffs to Aug. 1. Reuters reports: Read more here. Oil dipped early Tuesday morning as investors eyed the impacts of Trump's fast-approaching tariffs, despite the deadline for implementation being pushed until August. In combination with tariff speculation, OPEC+ announced a decision to increase supply in August, further lowering the price of the commodity. Bloomberg reports: Read more here.
Bloomberg
10 minutes ago
- Bloomberg
S&P 500 Wavers Near Record After Trade-Fueled Rout: Markets Wrap
Stocks fluctuated near all-time highs as hopes President Donald Trump is still open to trade talks offset his remarks that the US won't offer extensions to the August deadline for reciprocal tariffs to kick in. Treasuries joined a global slide of longer-dated bonds. The dollar rose. Following a selloff that drove the S&P 500 slightly below overbought levels, the gauge fluctuated around 6,200. Equities bounced from session lows as data showed consumer expectations for future inflation have settled back to levels last seen at the beginning of 2025. Strategists at both Goldman Sachs Group Inc. and Bank of America Corp. raised their year-end targets for the US equity benchmark. Megacaps remained under pressure despite a rebound in Tesla Inc.
