Johnson & Johnson outlook, MP Materials surges: Trending Tickers
MP Materials (MP) stock jumped after Apple (AAPL) announced a $500 million deal to buy rare earth magnets and build a rare earth recycling facility in California.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here.
Now some more breaking news on the earnings front, as the pharma sector braces for more clarity on tariffs. Johnson & Johnson reporting earnings this morning, kicking off earnings for the healthcare sector. The company reporting second quarter adjusted EPS of $2.77, but keep, keep part of this release really is the company boosting its full-year sales outlook and boosting its full-year earnings outlook, its profit outlook. So Johnson & Johnson now seeing full year adjusted earnings per share in a range of $10.80 to $10.90, previously it had guided for a range of $10.50 to $10.70. On full-year sales, the company now sees a range of $93 or sorry, $93.2 billion to $93.6 billion, previously it had seen a range of 91 to 91.8. So you're seeing stock slightly higher here up a little bit over 1% on this boosted forecast. But key though for the sector, as we had talked about earlier this morning for Johnson & Johnson, is the fact that pretty soon President Trump has warned that there will be tariffs coming on the pharma sector. So it will be interesting to see of course how those could impact this company, what management says on the call about this about those tariffs and looming risks when it comes to that. Now you might have also heard about MP Materials in recent days. That stock closed 20% higher on Tuesday, and this is another trending ticker that I want to highlight for us. That stock is up about 4.5% in pre-market up almost 4% now. The fresh surge in MP, that's the ticker, comes after Apple announced that it would buy rare earth magnets from the company in a $500 million deal. The deal will sell, we'll see Apple and MP materials launch a recycling facility in California for processing and we'll be keeping a close eye on MP materials over the next several sessions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Oil Prices Caught Between a $70 Summer and Growing Surplus Fears
(Bloomberg) -- Oil traders are grappling with a tension — there's a growing chorus of warnings about the market weakening later this year and into 2026, but for now prices are holding strong near $70 a barrel. The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy France's TotalEnergies SE last week warned the market is facing abundant supply as the OPEC+ group unwinds output curbs, even as slowing global growth weighs on demand. Norway's Equinor ASA said its new Johan Castberg field is operating at full pelt, with a Brazilian offshore asset starting soon, a reminder of additional barrels expected from outside the producer group. Both the International Energy Agency and the US Energy Information Administration earlier this month bolstered their estimates for the surplus they see next year. The two widely-followed forecasters expect supply to eclipse demand by the most since the pandemic, with the IEA's projection at 2 million barrels a day. A surplus that pushes prices lower will help tame inflation, hurt high-cost producers and likely please US President Donald Trump who has called for lower prices since taking office. It's a stark contrast with the here and now, where inventories at key storage hubs remain low, reflected in a bullish market structure that indicates tight supplies. Profits from turning crude into fuels are also far above seasonal norms, underpinning demand for crude. 'One of the issues that has been supporting oil has been the seasonal strength of the summer months,' Francisco Blanch, head of commodities and derivatives research at Bank of America Corp. said in a Bloomberg TV interview. 'Second half of the year the surplus is going to be close to 200 million barrels,' which will ultimately weigh on prices, he added. While most of the IEA's revision of next year's outlook centered on output additions by the Organization of the Petroleum Exporting Countries and its allies, who will meet to discuss output levels in early August, there were also some less obvious drivers. Forecasts for the supply of biofuels, which compete with conventional oil, are about 200,000 barrels a day higher than two months ago in the agency's estimates. The US government now sees global oil supplies about 2.1 million barrels a day higher in the fourth quarter of this year than the first, the biggest increase it has seen over the period since February. The two bodies' forecasts constitute an important element in traders' evaluations of how the market will unfold. For now, signs of robust demand remain. Leading oil trader Vitol Group said last week that jet fuel demand has been steadily climbing, with flight numbers reaching all-time highs. US weekly oil-demand figures are the highest this year. That data has been revised higher in final monthly readings for four of the last five periods where complete figures are available. And while the global trade war offers reason to be concerned about consumption, historically demand estimates have tended to be revised higher too, suggesting that the currently-expected surplus could narrow. From 2012 to 2024, the IEA's demand forecasts have ended up being on average close to 500,000 barrels a day higher than when the estimate was first issued, as more data became available. That excludes 2020, when the global pandemic transformed consumption patterns. Still, once the summer's strength wanes, a global surplus is likely to emerge, according to Natasha Kaneva, JPMorgan Chase & Co.'s head of global commodities strategy. 'Supply is increasing,' Kaneva said in a Bloomberg TV interview. 'At some point this inventory build will start showing up in visible inventories in OECD countries like the United States. At the moment it's not priced in.' --With assistance from Julian Lee, Grant Smith, Kari Lundgren, Lisa Abramowicz, Scarlet Fu and Romaine Bostick. Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border ©2025 Bloomberg L.P.
New York Post
an hour ago
- New York Post
Açaí prices set to rise as US imposes 50% tariff on imports
Bowls and smoothies made of the Amazon berry açaí have become ubiquitous in many cities across the US, but consumers may think twice about shelling out after Friday when a 50% tariff on imports from Brazil kicks in. Nearly all of the açaí pulp sold in the U.S., as well as in Europe and Asia, where people have also developed a taste for the tangy fruit, comes from Brazil. If no trade deal is reached between the Trump administration and the Brazilian government, the bowls could cost significantly more at hundreds of shops from New York to Los Angeles. Advertisement 4 A 50% tariff on açaí imports will kick in on Friday. New Africa – 'People already complain a bit about the price. If it gets more expensive, I guess it will become more of a luxury thing,' said Ashley Ibarra, who manages a Midtown Manhattan store owned by Playa Bowls LLC, a New Jersey-based company with around 300 shops in the U.S. With toppings like banana and granola, a bowl of açaí costs around $18 at Playa Bowls in New York. Competitor Oakberry Inc., the world's largest açaí chain with 700 stores in 35 countries, sells a smaller portion at a nearby Manhattan store for $13. Advertisement Playa Bowls declined to comment on the tariffs, and Oakberry did not respond to a request for comment. Açaí companies tout the product as an energy booster, a powerful antioxidant and a source of Omega-3 and other nutrients. The Food and Drug Administration said more research is needed to evaluate its possible health benefits. 'A friend introduced me to it one day, and I loved it, so I occasionally buy it,' said Milan Shek, 50, who was having an açaí bowl mixed with cereals and fresh fruits one recent afternoon in New York. Advertisement With a large markup, he said he would probably eat it less often. 4 A Playa Bowls location in New Orleans. William A. Morgan – Brazil's production and exports of açaí have skyrocketed in recent years. The berry went from being a local delicacy in small towns in the state of Para where it is mostly grown, to a widely popular treat across Brazil. Soon, exports began to be sent to other countries. Advertisement Production increased from around 150,000 metric tons 10 years ago to nearly 2 million tons last year, according to data from Brazil's statistics agency IBGE and the governments of Para and Amazonas. The U.S. is the largest foreign buyer, followed by Europe and Japan. 4 Açai production was 2 million tons last year, up from 150,000 tons 10 years ago. Imago Photo – Nazareno Alves da Silva, head of the Amazon Açaí Producers Association in Para, said companies were calculating how to absorb such a large cost increase in order to continue exports to the U.S. He wasn't optimistic. 'Right now, we still don't know how to do it. The numbers don't match,' he said. The trade would get too expensive for many U.S. importers, while Brazilian producers would be unable to cut prices enough to accommodate the tariff, he said, adding that producers would likely have to find other markets. 4 A smoothie made of açaí and other fruits. REUTERS Even those without an açaí habit are likely to feel the pinch of the Trump administration's tariffs on Brazil. Advertisement The South American country supplies about a third of the coffee consumed in the U.S., as well as orange juice and beef.
Bloomberg
an hour ago
- Bloomberg
Stock Investors Expect Rally as Europe Clinches US Trade Deal
Investors expect automakers and luxury goods makers to lead a relief rally in European stocks when the market reopens on Monday, after the US and European Union agreed to a trade deal. The pact, which will see the bloc face 15% tariffs on most of its exports including autos, was announced Sunday by President Donald Trump after a meeting with European Commission President Ursula von der Leyen. The European leader said the rate would be all inclusive, though Trump said it did not include pharmaceuticals and metals.
