Latest news with #HowardMa
CNBC
3 days ago
- Business
- CNBC
Stocks making the biggest moves premarket: Goldman Sachs, ASML, Diageo, Johnson & Johnson and more
Check out the companies making headlines in premarket trading. Bank of America — Shares popped 1.5% after the bank earned 89 cents per share for the second quarter, beating the consensus forecast of 86 cents a share from analysts polled by LSEG. But revenue came in at $26.61 billion, slightly below the $26.72 billion figure penciled in by Wall Street. Morgan Stanley — Shares ticked 0.3% lower despite the financial institution beating second-quarter estimates. Morgan Stanley earned $2.13 per share and saw $16.79 billion in revenue, while analysts anticipated earnings of $1.96 a share and $16.07 billion in revenue, per LSEG. Goldman Sachs — The bank stock rose 1.5% after second-quarter earnings surpassed Street predictions. Goldman earned $10.91 per share on $14.58 billion in revenue, while analysts surveyed by LSEG forecast $9.53 a share and $13.47 billion, respectively. ASML — The stock dropped 7% after the semiconductor company warned it may see no growth in 2026, citing macroeconomics and geopolitics. The news sent chip stocks such as Broadcom and AMD lower. Johnson & Johnson — Shares of the pharmaceutical giant rose more than 2% after second-quarter results beat estimates. Johnson & Johnson earned $2.77 per share after adjustments on $23.74 billion of revenue. Analysts surveyed by LSEG were looking for a profit of $2.68 per share and revenue of $22.84 billion. The company also raised its full-year guidance for several metrics, including adjusted earnings. Crypto stocks – Stocks tied to the crypto market bounced on renewed optimism Congress could pass key stablecoin legislation this week. Ether treasury stocks were the biggest gainers: BitMine surged 20%, while SharpLink jumped 14% and Bit Digital gained 5%. Bitcoin proxies advanced too, with MicroStrategy up 1.5% and Mara Holdings rising nearly 3%. Diageo — Shares climbed 3.3% on a Financial Times report , which cited people familiar with the matter, that the Ketel One and Captain Morgan parent's board is planning to replace CEO Debra Crew. Commvault Systems — Shares of the data protection company rose about 2% after Guggenheim upgraded it to buy from neutral, with a $210 price target that represents roughly 20% upside. Analyst Howard Ma said he expects Commvault could deliver on key metrics that will help it deliver revenue growth and free cash flow margin over 20% this year. GDS — The Chinese data center operator rose about 1% following an upgrade to overweight from neutral at JPMorgan. The bank said that the stock would be a beneficiary of Nvidia resuming the sales of its H20 chips in China. — CNBC's Lisa Han, Tanaya Macheel, Jesse Pound, Sarah Min and Michelle Fox contributed reporting
Yahoo
08-07-2025
- Business
- Yahoo
Why Datadog (DDOG) Stock Is Trading Lower Today
Shares of cloud monitoring software company Datadog (NASDAQ:DDOG) fell 4.2% in the afternoon session after Guggenheim downgraded the stock to Sell from Neutral, citing risks related to its largest customer, OpenAI. The investment firm set a price target of $105, which is significantly lower than its recent trading levels. Guggenheim analyst Howard Ma noted that OpenAI may be transitioning away from Datadog's services, particularly for log management, in favor of its own in-house solutions. This potential shift poses a revenue risk for Datadog in the second half of the year, especially in the fourth quarter. Ma estimates that optimizations by OpenAI could create a revenue gap of $150 million or more for Datadog in 2026. The downgrade comes just a day before Datadog is set to be added to the S&P 500 index. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Datadog? Access our full analysis report here, it's free. Datadog's shares are quite volatile and have had 17 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 5 days ago when the stock gained 14.2% on the news that the company will be added to the S&P 500 index. S&P Dow Jones Indices announced after the market closed on Wednesday that the cloud-monitoring and security platform will replace Juniper Networks, which was acquired by Hewlett Packard Enterprise. The change is scheduled to be effective before the market opens on July 9. Inclusion in the S&P 500 is a significant milestone for a company, often leading to a surge in demand for its stock. This is because index funds and exchange-traded funds (ETFs) that track the S&P 500 are now required to purchase Datadog shares to align their holdings with the index's new composition. This automatic buying pressure from passive investment funds is a primary driver for the stock's sharp increase. The move also enhances the company's visibility and solidifies its position as a major player in the cloud observability space. Datadog is up 1.7% since the beginning of the year, but at $146.13 per share, it is still trading 13.4% below its 52-week high of $168.65 from December 2024. Investors who bought $1,000 worth of Datadog's shares 5 years ago would now be looking at an investment worth $1,520. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
