Latest news with #DOWI
Yahoo
30-06-2025
- Business
- Yahoo
Stocks See Support as Signs of Trade Progress Boost Market Sentiment
The S&P 500 Index ($SPX) (SPY) today is up +0.27%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.40%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.38%. September E-mini S&P futures (ESU25) are up +0.27%, and September E-mini Nasdaq futures (NQU25) are up +0.34%. Stock indexes are climbing today, with the S&P 500 and Nasdaq 100 posting new all-time highs, and the Dow Jones Industrials posting a 4-1/4 month high. Positive trade news is boosting stocks today with President Trump's July 9 deadline fast approaching. Progress is being made in trade negotiations with China and the European Union. Also, trade talks are back on with Canada after the country withdrew a digital services tax, and India's and Japan's trade teams extended their stay in Washington to iron out new trade deals. Holiday Trading, Trade Negotiations and Other Key Things to Watch this Week Options Flow Alert: Bulls Making Their Move in GOOGL Stock Stocks Set to Open Higher Amid Trade Progress, U.S. Jobs Data and Powell's Remarks Awaited Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Negotiations over President Trump's spending and tax bill are continuing, with the dollar index sliding to a new 3-1/4-year low today, as the nonpartisan Congressional Budget Office estimates the measure would add nearly $3.3 trillion to US deficits over the next ten years. M&A activity is also supportive for stocks after Home Depot announced it has acquired GMS Inc. for $4.3 billion and AbbVie agreed to buy Capstan Therapeutics for $2.1 billion. Better-than-expected economic news from China is supportive of global economic growth prospects. The China June manufacturing PMI rose +0.2 to 49.7, stronger than expectations of 49.6. Also, the June non-manufacturing PMI rose +0.2 to 50.5, stronger than expectations of no change at 50.3. On the negative side for stocks is the upcoming earnings season, which begins next week. Bloomberg Intelligence data show that the consensus for Q2 earnings of S&P 500 companies is for a rise of 2.8% year-over-year, the smallest increase in two years. Also, only six of the 11 S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research. During this holiday-shortened week, the markets will look for additional trade and tariff news along with progress in the passage of President Trump's tax bill. On Tuesday, the June ISM manufacturing index is expected to climb by +0.2 to 48.7. Also, on Tuesday. May JOLTS job openings are expected to fall -91,000 to 7.3 million. Finally on Tuesday, Fed Chair Powell participates in a panel discussing monetary policy with BOE Governor Bailey, ECB President Lagarde, and BOJ Governor Ueda. On Wednesday, the June ADP employment change is expected to rise by +90,000. On Thursday, Jun nonfarm payrolls are expected to climb by +113,000 and the June employment rate is expected to tick up +0.1 to 4.3%. Also, June average hourly earnings are expected to rise +0.3% m/m and +3.8% y/y. In addition, weekly initial unemployment claims are expected to climb +5,000 to 241,000, and May factory orders are expected to jump +8.1% m/m. Finally, the Jun ISM services index is expected to climb +0.7 to 50.6. Federal funds futures prices are discounting the chances at 19% for a -25 bp rate cut at the July 29-30 FOMC meeting. Overseas stock markets today are mixed. The Euro Stoxx 50 fell from a 2-week high and is down -0.09%. China's Shanghai Composite closed up +0.59%. Japan's Nikkei Stock 225 rose to an 11-1/2 month high and closed up +0.84%. Interest Rates September 10-year T-notes (ZNU25) today are up by +5 ticks. The 10-year T-note yield is down -1.8 bp to 4.259%. T-note prices are moving higher today on some positive carryover from strength in European government bonds. Also, positive trade news today bolstered hopes for smaller-than-expected tariffs, which eased inflation concerns. However, today's rally in the S&P 500 to a new record high reduced safe-haven demand for government securities, which was bearish for T-notes. European government bond yields today are moving lower. The 10-year German bund yield is down -1.3 bp to 2.578%. The 10-year UK gilt yield is down -0.6 bp to 4.498%. German May retail sales unexpectedly fell -1.6% m/m, weaker than expectations of a +0.5% m/m increase and the biggest decline in more than 2-1/2 years. The German June CPI (EU harmonized) rose +0.2% m/m and +1.7% y/y, weaker than expectations of +0.3% m/m and +1.8% y/y. ECB Vice President Guindos said the Eurozone economy is stalling because of the "brutal uncertainty" surrounding global trade policy and that second and third quarter growth "will be almost flat." Swaps are discounting the chances at 7% for a -25 bp rate cut by the ECB at the July 24 policy meeting. US Stock Movers Bank stocks are climbing today after news last Friday that the biggest US banks all cleared the Fed's annual stress test, which could prompt the banks to boost buybacks and dividends for shareholders. As a result, Goldman Sachs (GS) is up more than +2% to lead gainers in the Dow Jones Industrials. Also, JPMorgan Chase (JPM), Wells Fargo & Co (WFC), and Bank of America (BAC) are up more than +1%. GMS Inc. (GMS) is up more than +11% after Home Depot agreed to buy the company for $4.3 billion or about $110 per share. Hewlett-Packard Enterprise (HPE) is up more than +12% to lead gainers in the S&P 500, and Juniper Networks (JNPR) is up more than +8% after the Justice Department settled its lawsuit challenging HPE's takeover of Juniper Networks. Oracle (ORCL) is up more than +6% after Stifel upgraded the stock to buy from hold with a price target of $250. AppLovin (APP) is up more than +5% to lead gainers in the Nasdaq 100 after UBS raised its price target on the stock to $540 from $475. Moderna (MRNA) is up more than +4% after saying its experimental flu shot met its goal in a late-stage trial. Whirlpool Corp (WHR) is up more than +3% after Longbow Research upgraded the stock to buy from neutral with a price target of $145. Walt Disney Co (DIS) is up more than +1% after Jeffries upgraded the stock to buy from hold with a price target of $144. Real estate investment trust companies (REITs) are under pressure today. Alexandria Real Estate Equities (ARE) is down more than -2%, and Essex Property Trust (ESS), Camden Property Trust (CPT), and AvalonBay Communities (AVB) are down more than -1%. Fortive (FTV) is down more than -6% to lead losers in the S&P 500after announcing the retirement of CEO and President Lico and saying that Olumide Soroye will replace him. Zscaler (ZS) is down more than -2% to lead losers in the Nasdaq 100 after announcing it intends to offer $1.5 billion of convertible senior notes due 2028 in a private offering. Earnings Reports (6/30/2025) B Riley Financial Inc (RILY), Compass Diversified Holdings (CODI), Golden Matrix Group Inc (GMGI), Outdoor Holding Co (POWW), Progress Software Corp (PRGS). On the date of publication, Rich Asplund 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 Sign in to access your portfolio
Yahoo
26-06-2025
- Business
- Yahoo
Is GoDaddy Stock Outperforming the Dow?
Tempe, Arizona-based GoDaddy Inc. (GDDY) designs and develops cloud-based products for small businesses, web design professionals, and individuals. Valued at $25.6 billion by market cap, the company's platform provides applications that help them connect to their customers, manage their businesses, and get found online. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and GDDY perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the software - infrastructure industry. GDDY's robust business model, high brand awareness, and customer loyalty contribute to its competitive edge. Strategic expansion into omnicommerce solutions and a commitment to deploying new technologies like AI and machine learning further enhance its value proposition and innovation in product development and customer service. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? 1 Dividend Stock to Buy Yielding Over 7% Up 93% in 2025, Palantir Stock Is Too Hot to Handle Here Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Despite its notable strength, GDDY slipped 17.9% from its 52-week high of $216, achieved on Jan. 30. Over the past three months, GDDY stock declined 3.7%, underperforming the Dow Jones Industrials Average's ($DOWI) marginal gains during the same time frame. In the longer term, shares of GDDY dipped 10.1% on a YTD basis, underperforming DOWI's YTD gains of 1%. However, the stock climbed 25.6% over the past 52 weeks, outperforming DOWI's 9.9% returns over the last year. To confirm the recent bearish trend, GDDY has been trading below its 50-day and 200-day moving averages since early June. GDDY's strong performance is driven by robust growth in applications and commerce revenue, complemented by increased core platform revenue, which collectively fueled its growth. On May 1, GDDY reported its Q1 results, and its shares closed down more than 8% in the following trading session. The company's revenue was $1.2 billion, matching Wall Street forecasts. The company expects full-year revenue in the range of $4.86 billion to $4.94 billion. GDDY's rival, VeriSign, Inc. (VRSN) shares have lagged behind the stock, with 36.5% gains on a YTD basis and a 58.8% uptick over the past 52 weeks. Wall Street analysts are moderately bullish on GDDY's prospects. The stock has a consensus 'Moderate Buy' rating from the 18 analysts covering it, and the mean price target of $217.88 suggests a potential upside of 22.8% from current price levels. On the date of publication, Neha Panjwani 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 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
26-06-2025
- Business
- Yahoo
Is BXP Stock Underperforming the Dow?
Valued at a market cap of $10.6 billion, BXP, Inc. (BXP) is a fully integrated REIT that develops, owns, and manages premier office and mixed-use properties in the U.S. The Boston, Massachusetts-based company focuses on six major gateway markets, including Boston, New York, San Francisco, Los Angeles, Seattle, and Washington, D.C. Companies worth $10 billion or more are typically classified as 'large-cap stocks,' and BXP fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the REIT - office industry. The company benefits from long lease terms with blue-chip tenants, ensuring stable cash flows and occupancy rates. It also stands out for its leadership in sustainability and innovation, targeting carbon-neutral operations by 2025 and consistently achieving high energy efficiency certifications across its portfolio. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? 1 Dividend Stock to Buy Yielding Over 7% Up 93% in 2025, Palantir Stock Is Too Hot to Handle Here Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. This office REIT has slipped 26% from its 52-week high of $90.11, reached on Oct. 18, 2024. Shares of BXP have declined 2.3% over the past three months, lagging behind the Dow Jones Industrial Average's ($DOWI) marginal return during the same time frame. In the longer term, BXP has gained 10.3% over the past 52 weeks, underperforming DOWI's 9.9% rise over the same time frame. Moreover, on a YTD basis, shares of BXP are down 9.4%, compared to DOWI's 1% gain. To confirm its bearish trend, BXP has been trading below its 200-day moving average since mid-February, and has again recently started trading below its 50-day moving average. On Apr. 29, BXP released its mixed Q1 results, and its shares plunged 2.1% in the following trading session. On the upside, the company's revenue grew 3.1% year-over-year to $865.2 million and surpassed the consensus estimates by a notable 9.4%. However, its FFO per share of $1.64 declined 5.2% from the year-ago quarter and fell short of the analyst estimates by a penny. The earnings miss might have dampened investor confidence. Looking ahead to fiscal 2025, BXP expects FFO in the range of $6.80 to $6.92 per share. BXP has outpaced its rival, SL Green Realty Corp.'s (SLG) 5% gain over the past 52 weeks and 13.9% decline on a YTD basis. Despite BXP's recent underperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy' from the 21 analysts covering it, and the mean price target of $75.78 suggests a 13.7% premium to its current price levels. On the date of publication, Neharika Jain 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 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
25-06-2025
- Business
- Yahoo
Is Jack Henry & Associates Stock Underperforming the Dow?
Monett, Missouri-based Jack Henry & Associates, Inc. (JKHY) is a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. With a market cap of $13.2 billion, the company also performs data conversion and software installation and customization for the implementation of its systems along with continuing customer maintenance. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and JKHY fits right into that category with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the information technology services industry. JKHY's investment in R&D demonstrates its commitment to innovation, enhancing existing products and leading in new financial technologies. Its flexible on-premise and cloud-based solutions, combined with exceptional customer service and robust data security, drive strong client retention and position JKHY as a trusted partner for financial institutions. Super Micro Computer Just Struck a Deal with Ericsson. Should You Buy SMCI Stock Here? CEO Jensen Huang Just Sold Nvidia Stock. Should You? Broadcom Just Got a New Street-High Price Target. Should You Buy AVGO Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Despite its notable strength, JKHY slipped 7.6% from its 52-week high of $196, achieved on Mar. 10. Over the past three months, JKHY stock rose 4.7%, outperforming the Dow Jones Industrials Average's ($DOWI) 1.2% gains during the same time frame. In the longer term, shares of JKHY rose 3.3% on a YTD basis, outperforming DOWI's YTD gains of 1.3%. However, the stock climbed 8.8% over the past 52 weeks, underperforming DOWI's 9.3% returns over the last year. To confirm the bullish trend, JKHY has been trading above its 50-day and 200-day moving averages since early May. On May 6, JKHY shares closed down marginally after reporting its Q3 results. Its EPS of $1.52 beat Wall Street expectations of $1.29. The company's revenue was $585.1 million, failing to meet Wall Street forecasts of $586.8 million. JKHY expects full-year adjusted EPS to be between $5.83 and $5.87, and expects adjusted revenue in the range of $2.33 billion to $2.34 billion. JKHY's rival, Fidelity National Information Services, Inc. (FIS) has lagged behind the stock, with a 1.7% uptick on a YTD basis and 8.7% gains over the past 52 weeks. Wall Street analysts are cautious on JKHY's prospects. The stock has a consensus 'Hold' rating from the 18 analysts covering it, and the mean price target of $186.28 suggests a potential upside of 2.9% from current price levels. On the date of publication, Neha Panjwani 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 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
25-06-2025
- Business
- Yahoo
Is Huntington Ingalls Stock Outperforming the Dow?
Valued at a market cap of $9.1 billion, Huntington Ingalls Industries, Inc. (HII) is a leading military shipbuilder and a provider of advanced defense technologies. The Newport News, Virginia-based company delivers nuclear-powered aircraft carriers, submarines, amphibious assault ships, destroyers, national security cutters, and innovative C5ISR and autonomous systems. Companies valued at $2 billion or more are typically classified as 'mid-cap stocks,' and HII fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the aerospace & defense industry. The company distinguishes itself as one of the largest military shipbuilders in the U.S. and the sole producer of U.S. Navy nuclear-powered aircraft carriers. Its deep expertise, skilled workforce, and multi-decade contracts provide long-term revenue visibility and national security alignment. Super Micro Computer Just Struck a Deal with Ericsson. Should You Buy SMCI Stock Here? CEO Jensen Huang Just Sold Nvidia Stock. Should You? Broadcom Just Got a New Street-High Price Target. Should You Buy AVGO Stock Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! This military shipbuilder is currently trading 19% below its 52-week high of $285.81, reached on Aug. 1, 2024. HII has soared 12.5% over the past three months, outpacing the Dow Jones Industrial Average's ($DOWI) 1.2% rise during the same time frame. Moreover, on a YTD basis, shares of HII are up 22.6%, outperforming DOWI's 1.3% return. However, in the longer term, HII has declined 7.8% over the past 52 weeks, lagging behind DOWI's 9.3% uptick over the same time frame. To confirm its bullish trend, HII has been trading above its 200-day moving average since late April, and has remained above its 50-day moving average since early March, with minor fluctuations. HII's shares plunged 1.2% on May 1 following its mixed Q1 earnings release. Weaker performance across all three of its reportable segments led to a 2.5% year-over-year decline in the company's total sales and service revenue to $2.7 billion. This top-line figure fell short of the consensus estimates by 2.2%. However, on a positive note, while its EPS of $3.79 fell 2.1% from the same period last year, it topped the forecasted figure by a notable margin of 30.7%. The strong bottom-line outperformance was supported by higher segment operating income, aided by successful cost-saving initiatives. HII has lagged behind its rival, General Dynamics Corporation's (GD) 5.9% drop over the past 52 weeks. However, it has outpaced GD's 6.7% uptick on a YTD basis. Despite HII's recent outperformance, analysts remain cautious about its prospects. The stock has a consensus rating of "Hold' from the 10 analysts covering it, and the mean price target of $240.36 suggests a 3.8% premium to its current price levels. On the date of publication, Neharika Jain 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
