RBC Capital Reaffirms Their Hold Rating on Auto Trader (AUTO)
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Broadfoot covers the Consumer Cyclical sector, focusing on stocks such as Hollywood Bowl, Domino's Pizza, and On The Beach. According to TipRanks, Broadfoot has an average return of -10.2% and a 25.00% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Auto Trader with a p808.22 average price target.
AUTO market cap is currently £7.22B and has a P/E ratio of 26.14.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AUTO in relation to earlier this year.
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2 hours ago
- Yahoo
Cathie Wood buys $11 million of surging AI stock
Cathie Wood buys $11 million of surging AI stock originally appeared on TheStreet. Cathie Wood, head of Ark Investment Management, is known for making bold bets on tech stocks she believes will shape the future. She buys even as stock prices surge, betting that long-term gains will overcome short-term volatility. This is what she just did, adding shares of a popular AI stock that has surged more than 9% in the past five days. Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Thor Metals Group: Best Overall Gold IRA Wood's funds have experienced a volatile ride this year, swinging from sharp losses to strong gains. In January and February, the Ark funds rallied as investors bet on the Trump administration's potential deregulation that could benefit Wood's tech bets. But the momentum faded in March and April, with the funds trailing the market as top holdings — especially Tesla, her biggest position — slid amid growing concerns over the macroeconomy and trade policies. Now, the fund is regaining momentum. As of July 31, the flagship Ark Innovation ETF () is up more than 30% year-to-date, far outpacing the S&P 500's 7.8% gain. Wood's remarkable return of 153% in 2020 helped build her reputation and attract loyal investors. Her strategy can lead to sharp gains during bull markets but also painful losses, like in 2022, when ARKK dropped more than 60%. As of July 30, Ark Innovation ETF, with $6.8 billion under management, has delivered a five-year annualized return of negative 0.72%. The S&P 500 has an annualized return of 16.14% over the same period. Cathie Wood's investment strategy explained Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics. She says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' the 10 years ending in 2024, the Ark Innovation ETF wiped out $7 billion in investor wealth, according to an analysis by Morningstar's analyst Amy Arnott. That made the ETF the third-biggest wealth destroyer among mutual funds and ETFs in Arnott's ranking. Still, Wood has been bullish on the market. In a letter to investors published in late April, she dismissed predictions of a recession dragging into 2026 and struck an optimistic tone for tech stocks. "During the current turbulent transition in the U.S., we think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said. Not all investors share this optimism. Over the past 12 months through July 30, the Ark Innovation ETF saw $1.8 billion in net outflows, with nearly $20 million exiting the fund in the past month, according to ETF research firm VettaFi. Cathie Wood buys $11 million of AMD stock Wood has been picking up Advanced Micro Devices () stock recently, with the Ark funds buying 28,506 shares worth about $5 million this week and 32,846 shares valued at $5.8 million last week. She had sold about 121,000 AMD shares in the first quarter of 2024 (then 38.9% of her total stake) when the stock was riding high. Since then, as the stock has dropped, she's been rebuilding her position, according to data from purchase came as the stock hit a 52-week high of $182.31 on July 29, rebounding from a low of $76.48 in April. The chipmaker is gaining momentum in the AI race after trailing Nvidia () for several months. AMD is raising the price of its Instinct MI350 AI accelerator to $25,000 from $15,000, according to Wccftech's recent report citing HSBC's analyst note. The nearly 70% increase in MI350's price could mean a notable growth in AMD's future revenue. The price increase indicates that AMD is seeing demand for its AI products, the report said. In June, AMD's CEO Lisa Su said at a developer conference that the MI350 series is faster than Nvidia's. Meanwhile, the MI350 is cheaper than its counterpart product from Nvidia's Blackwell B200, Wccftech reported. AMD is set to report its second-quarter earnings on August 5. Three months ago, the company reported stronger-than-expected first-quarter results and gave a solid forecast for the second quarter, even as it faced challenges from the broader economy and export curbs on chip sales to China. 'While we face some headwinds from the dynamic macro and regulatory believe they are more than offset by the powerful tailwinds from our leadership product portfolio,' AMD's CEO Lisa Su said in May. Several analysts are more optimistic and believe AMD may deliver stronger results than expected. Bank of America has raised its price target on AMD to $200 from $175, maintaining a buy rating ahead of the earnings report, according to a research note published on July 29. The firm sees upside supported by solid demand for CPU and GPU, stronger pricing for AI chips, and a robust cloud capex environment, analyst Vivek Arya wrote. AMD is now the 11th holding of the ARK Innovation ETF, according to The stock closed at $176.92 on July 31 and is up 46.4% Wood buys $11 million of surging AI stock first appeared on TheStreet on Aug 1, 2025 This story was originally reported by TheStreet on Aug 1, 2025, where it first appeared.
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3 hours ago
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Veteran analyst spots unexpected star in Apple's earnings report
Apple (AAPL) just crushed it with its Q3 numbers. However, beyond the headline glow, Wedbush's Dan Ives spotted something everyone else might be missing. It wasn't just about iPhone or AI, but more about Apple's future, and the high-stakes it's involved in at this time. Don't miss the move: Subscribe to TheStreet's free daily newsletter In the next few quarters, we might see that tailwind play out even more, and nudge the Cupertino giant back in Wall Street's good graces, potentially kickstarting a powerful rally. Image source:Apple posted a remarkably strong quarterly report, posting record Q3 sales of $94.04 billion, up 10% year-over-year. Similarly, its diluted EPS of $1.57 represented an eye-catching 12% gain. Also, net income came in at a superb $23.43 billion, highlighting operational strength, despite external cost pressures. Related: Morgan Stanley slaps eye-popping price target on Nvidia stock Services revenue came in at an all-time high of $27.42 billion, jumping 13% year-over-year. iPhone sales rose 13.5% to $44.58 billion, led by demand resilience, while marking a major milestone in the shipment of Apple's three billionth iPhone. Mac sales bounced 15% to $8.05 billion, somewhat offsetting the 8% drop in iPad revenue, which landed at $6.58 billion. Additionally, wearables, home, and accessories added $7.4 billion to the top line. Gross margin surged to 46.5%, despite the $800 million tariff-related hit, underscoring robust leverage across hardware and services. Regional performance was a critical driver, with revenue in Greater China rising 4%, reflecting sequential improvement. Looking ahead, Apple expects to post mid-to-high single-digit top-line growth in Q4, with services projected to maintain its 13% clip. Gross margin guidance is impeccable, coming in between 46% and 47%, even with Apple preparing for another $1.1 billion in tariff impact. Nevertheless, Apple enters the back half of FY2025 with healthy momentum and multiple growth catalysts. Following Apple's strong Q3 earnings print, Wedbush didn't hold back in saying that the iPhone beat in China was "the star of the show." Analyst Daniel Ives hailed the results as "much better than expected," with Apple posting comfortable beats across both lines on the back of standout strength in iPhone and services. Related: Veteran analyst drops bold price target on Palantir stock ahead of earnings What stood out was the rebound in Greater China. Apple reported $15.37 billion in sales from the region, up 4% year-over-year, its first return to positive expansion in the past several quarters. "This was a major step in the right direction for Cook and Cupertino," Ives said, noting that the Chinese performance blew past Wedbush and Street expectations. Government stimulus also helped drive the surprise upside, especially in iPhone sales, which leapt to $44.58 billion globally, smashing the $40.29 billion estimate. On top of that, Wedbush reaffirmed its Outperform rating and $270 price target. Still, Ives struck a cautionary note on AI. He's warned that Apple must move much quicker in the"4th Industrial Revolution," suggesting that embracing external partnerships with the likes of Perplexity could help close out the innovation gap. Nevertheless, Wedbush's broader thesis is that Apple remains a durable tech leader with plenty of room to reaccelerate. Tim Cook leaned in bullishly as he addressed the China question in Apple's Q3 earnings call. Cook acknowledged a 2% year-over-year drop in the quarter but said that, excluding foreign exchange headwinds, results were mostly flat. Also, he noted tremendous progress compared to the December quarter, when revenue had dropped 11%. Cook credited recent stimulus support. "I do think the subsidies played a favorable impact on the results." However, in complementing Apple's deeper structural wins, he highlighted product momentum, noting that Macs, iPads, and Apple Watches draw in mostly first-time buyers. Related: Morgan Stanley names tech stock winner from One Big Beautiful Bill Act The iPhone is holding firm, too. "iPhone was the top two models in urban China, and iPad was the top two tablets in urban China," Cook said. To support that argument, research from Canalysshows that Apple may be turning a corner in China. iPhone shipments surged 4% last quarter, clocking its first gain since late 2023, even as overall smartphone sales slipped. On AI, Apple put the spotlight on delivery. 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A big part of Apple's competitive edge is its privacy-first posture, which should resonate with consumers wary of cloud-based assistants. There's also strategic movement. Apple is looking to explore external model integrations with ChatGPT or Claude to boost Siri's capabilities. More News: Warren Buffett unloads $1.2 billion of this popular tech stockWall Street firm drops bold S&P 500 call after White House trade movesJim Cramer sounds off on tariffs, hot economy, and interest rate pressures Hence, despite the delay in the flagship update, Apple Intelligence has been quietly expanding, with over 20 features live and usage metrics trending up. Hence, if Siri's reboot lands as expected in 2026, it could add new layers to Apple's illustrious growth story. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
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Surprise tariffs, jobs data sends stocks reeling
Many have warned recently that stocks have priced themselves to perfection, setting major indexes, including the S&P 500 and Nasdaq, up for a tumble. The bulls argue that stocks can continue marching higher thanks to upward earnings revisions associated with a reduced risk of a US recession, a major worry this spring when the S&P 500 tumbled 19% from its February highs to its April lows amid President Trump's tariff announcements. Meanwhile, bears are betting on a retreat point to stretched valuation, such as forward price to earnings ratios, and a shift in sentiment measures from oversold in April near the lows to overbought. Don't miss the move: Subscribe to TheStreet's free daily newsletter Those in the bullish on stocks camp have been handsomely rewarded for their optimism, given that the S&P 500 and NASDAQ Composite have rallied 28% and 38% since Donald Trump paused implementing most reciprocal tariffs on April 9. Still, stocks don't rise (or fall) in a straight line, and tariff concerns and economic worries aren't entirely behind us, given we've yet to see their full impact on inflation, GDP, or unemployment. That backdrop may have contributed to the S&P 500 and Nasdaq's drop on August 1, following the expiration of President Trump's tariff pause on most countries. Image source: Michael M. Santiago/Getty Images The S&P 500 was mired in a brutal sell-off from its all-time high in February through early April because of concerns that tariffs, an import tax on goods from overseas, would cause inflation to surge, crimping business spending and consumers' wallets. Those who worried about inflation pointed to the unlikelihood that corporations would entirely absorb the hit from the implementation of stiff 25% tariffs on Canada, Mexico, and autos, plus 30% tariffs on China and a 10% baseline tariff. They also worried that President Trump's hawkish trade strategy could mean that tariffs wind up at higher-than-expected levels. More Tariffs: Luxury carmakers have a more aggressive tariff battle planTop 6 cars, SUVs, & trucks that may avoid tariffs, Consumer Reports saysAmazon's quiet pricing twist on tariffs stuns shoppersLevi's shares plan to beat tariffs, keep holiday prices down Those concerns sent stocks plummeting, with the S&P 500 losing 19% of its value and nearly entering bear market territory. However, investors were sent a lifeline when President Trump reversed course. He softened his stance on tariffs by pausing many of them on April 9 in a bid to negotiate trade deals. Pessimism that tariffs would worsen shifted to optimism that the worst had already been priced into the market, given most sentiment measures were strongly flashing deeply oversold, including CNN's Fear and Greed Index, which was pegged at "extreme fear" in early April. The potential for trade deals to lessen the hit from tariffs, easing profit pressure on publicly traded companies, fueled the possibility that analysts had become too bearish and were more likely to increase, rather than decrease, revenue and profit estimates, driving stock prices higher. If the market were priced to imperfection in April, it is arguably more priced to perfection now, even as President Trump's tariff pause ends. The S&P 500's forward price-to-earnings ratio, a measure of stock price divided by estimated earnings in the coming year, has surged from about 19 to 22.4, roughly in line with the level it reached near the stock market peak in February, according to FactSet. Historically, average returns one year after the S&P 500's forward P/E ratio is above 22 shrink considerably relative to when it is below 20. The richly valued stock market argument is further bolstered by sentiment measures beginning to send warning signals to investors. For example, CNN's Fear and Greed Index registered "Greed" one week ago. Given a stretched market and more speculation, as evidenced by many stocks without earnings and heavily-shorted stocks rallying significantly in July, the market may not have been leaving much room for disappointment, including a return of President Trump's trade war. On July 31, President Trump signed executive orders revising tariffs on many of our trade partners who have yet to cut a deal formally. The tariff rates ranged from 10% to 41%, but the 35% tariff imposed on Canada was the most surprising. The President also announced that any goods transshipped to lower-tariff countries to reduce tariffs would be slapped with an additional 40% tariff. "The put/call ratio jumped up over 1.0 for the first time since April. Did folks finally decide they need to hedge or buy puts? It seems so," wrote veteran technical analyst Helene Meisler on TheStreet Pro. "My guess is with the action we've seen the last two weeks, it won't take much to get folks bearish." The put/call ratio measures bearish buying of put options relative to bullish buying of call options in the options market, and can signal turning points in sentiment. The stock market's investors were also hit by jobs data suggesting cracks in the labor market may widen as inflation ticks higher. The Bureau of Labor Statistics says that fewer jobs were created in July, causing the unemployment rate to tick back up to 4.2% from 4.1% in June. Related: Veteran fund manager points to glaring stock market risk "Coming out of the non-farm payroll (NFP) jobs report, headline establishment survey was 73,000, which looks not so great at first blush, but unfortunately, was one of the better numbers in the entire report," wrote veteran analyst Peter Tchir on TheStreet Pro. "Only one economist surveyed by Bloomberg had a number lower than the actual." Wall Street consensus was for the economy to have created 100,000 jobs, down from 147,000 in June. "The unemployment rate only inched higher to 4.2% - a bright spot on the surface. But that was with the labor rate declining to 62.2% (the lowest participation rate since 2022). The underemployment rate (potentially a precursor to further labor issues) moved up 0.2% to 7.9%," wrote Tchir. This matters because low unemployment is one leg of the Fed's dual mandate (the other is low inflation). The worse-than-hoped-for jobs numbers raise questions again about whether the Fed could be trapped by its mandate, unable to cut rates to lower unemployment for fear that higher tariffs will fuel inflation. This week, the Personal Consumption Expenditures index showed inflation increased to 2.6% year over year in June, up from 2.4% in May and 2.2% in April. Related: Legendary fund manager has blunt message on 'Big Beautiful Bill' The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
