Latest news with #JessicaInskip
Yahoo
11-07-2025
- Business
- Yahoo
Trump tariff fatigue, stock market euphoria, and Netflix sell-off: Opening Bid takeaways
Investors have had their fair share of things to digest this week. Trump the tariff man has returned in force. The president slapped a 50% tariff on copper imports, powering shares of metals play Freeport-McMoRan (FCX) up almost 5% on the week. Copper (HG=F) prices have surged 10% since Monday. Late Thursday, Trump posted a letter threatening to impose 35% tariffs on goods from Canada. The barrage of letters began on Monday, setting tariffs of 25% on goods from Japan and South Korea and 50% on Brazil. He added that countries that do not get letters will incur a straight tariff rate of 15% to 20%, up from 10% currently. Yet, companies like Delta (DAL) and Levi's (LEVI) are offering up decent outlooks. And the market is rewarding the more upbeat guidance ranges. Delta stock finished Thursday's session up 12%. Levi's popped 7% on Friday as it lifted its full-year sales outlook and said tariffs won't hammer its business this year. "Delta's results tell me that the domestic consumer, while there could be some constraints there, it also shows me the resilience that we're seeing with corporate America," Jessica Inskip told me on Opening Bid. Here is everything we touched on during Yahoo Finance's Opening Bid on Friday. Tune in live daily to Opening Bid at 9:30 a.m. President Trump threatened Canada with 35% tariffs in what has been a blistering week of new jawboning on the tariff front. Investors are wondering if all of this is just a classic Trump negotiating tactic or if the president is poised to hit countries hard come the Aug. 1 deadline. The S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) reached new all-time highs Thursday. Even with markets in digestion mode today, it still looks like investors are experiencing tariff fatigue. Great callout on this: A new report from BofA today showed that clients aren't remotely worried about economic risks or more inflated stock valuations. "I think I would say we're in the full fledged flight to crap mode right now, and there's definitely heavy pockets of speculation," Interactive Brokers chief strategist Steve Sosnick warned. Just a few days removed from getting earnings reports from important economic bellwethers like JPMorgan (JPM) and Netflix (NFLX), the market has gotten a taste of what could lie ahead — that is, well-received second quarter earnings beats, solid guidance, and not-so-gloomy earnings call commentary. Levi's checked these boxes with its earnings last night and raised its full-year sales outlook. Normally we do a stock of the day on Opening Bid, but on this Friday we cranked it up a gear with — the stock of the week! I am focused on Netflix (NFLX) ahead of its July 17 earnings report. What has caught my attention is that the stock has been underperforming the broader stock market rally this month. Shares are down 5.5% in July while the S&P 500 is up 1.7%. Judging by the Wall Street commentary out there, analysts aren't making too much of this trend divergence. Yahoo Finance's Invest conference is coming! Secure your spot. Needham analyst Laura Martin is out today raising her price target on Netflix to $1,500 from $1,126. She said she remains impressed with Netflix's global scale and stable content spending. Jumping into the Yahoo Finance platform, you can see Martin isn't alone in her bullishness. The Street has hiked its 2025 EPS estimate on Netflix by $0.79 compared to 90 days ago. It also lifted its 2026 EPS estimate by $0.60 during that same time span. "I think it's a normal sector rotation [out of Netflix]. Fund managers have made a lot of money this year in tech and some of these growth stocks," Blue Chip Daily Trend Report chief technical strategist Larry Tentarelli said. Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email
Yahoo
11-07-2025
- Business
- Yahoo
Trump tariff fatigue, stock market euphoria, and Netflix sell-off: Opening Bid takeaways
Investors have had their fair share of things to digest this week. Trump the tariff man has returned in force. The president slapped a 50% tariff on copper imports, powering shares of metals play Freeport-McMoRan (FCX) up almost 5% on the week. Copper (HG=F) prices have surged 10% since Monday. Late Thursday, Trump posted a letter threatening to impose 35% tariffs on goods from Canada. The barrage of letters began on Monday, setting tariffs of 25% on goods from Japan and South Korea and 50% on Brazil. He added that countries that do not get letters will incur a straight tariff rate of 15% to 20%, up from 10% currently. Yet, companies like Delta (DAL) and Levi's (LEVI) are offering up decent outlooks. And the market is rewarding the more upbeat guidance ranges. Delta stock finished Thursday's session up 12%. Levi's popped 7% on Friday as it lifted its full-year sales outlook and said tariffs won't hammer its business this year. "Delta's results tell me that the domestic consumer, while there could be some constraints there, it also shows me the resilience that we're seeing with corporate America," Jessica Inskip told me on Opening Bid. Here is everything we touched on during Yahoo Finance's Opening Bid on Friday. Tune in live daily to Opening Bid at 9:30 a.m. President Trump threatened Canada with 35% tariffs in what has been a blistering week of new jawboning on the tariff front. Investors are wondering if all of this is just a classic Trump negotiating tactic or if the president is poised to hit countries hard come the Aug. 1 deadline. The S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) reached new all-time highs Thursday. Even with markets in digestion mode today, it still looks like investors are experiencing tariff fatigue. Great callout on this: A new report from BofA today showed that clients aren't remotely worried about economic risks or more inflated stock valuations. "I think I would say we're in the full fledged flight to crap mode right now, and there's definitely heavy pockets of speculation," Interactive Brokers chief strategist Steve Sosnick warned. Just a few days removed from getting earnings reports from important economic bellwethers like JPMorgan (JPM) and Netflix (NFLX), the market has gotten a taste of what could lie ahead — that is, well-received second quarter earnings beats, solid guidance, and not-so-gloomy earnings call commentary. Levi's checked these boxes with its earnings last night and raised its full-year sales outlook. Normally we do a stock of the day on Opening Bid, but on this Friday we cranked it up a gear with — the stock of the week! I am focused on Netflix (NFLX) ahead of its July 17 earnings report. What has caught my attention is that the stock has been underperforming the broader stock market rally this month. Shares are down 5.5% in July while the S&P 500 is up 1.7%. Judging by the Wall Street commentary out there, analysts aren't making too much of this trend divergence. Yahoo Finance's Invest conference is coming! Secure your spot. Needham analyst Laura Martin is out today raising her price target on Netflix to $1,500 from $1,126. She said she remains impressed with Netflix's global scale and stable content spending. Jumping into the Yahoo Finance platform, you can see Martin isn't alone in her bullishness. The Street has hiked its 2025 EPS estimate on Netflix by $0.79 compared to 90 days ago. It also lifted its 2026 EPS estimate by $0.60 during that same time span. "I think it's a normal sector rotation [out of Netflix]. Fund managers have made a lot of money this year in tech and some of these growth stocks," Blue Chip Daily Trend Report chief technical strategist Larry Tentarelli said. Brian Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email
Yahoo
11-07-2025
- Business
- Yahoo
Why Nvidia is 'still undervalued'
Investors are watching Nvidia (NVDA) closely after the company briefly reached a $4 trillion market cap on Tuesday, July 9. This made Nvidia the first publicly traded company to hit the milestone. Yahoo Finance Senior Reporter Allie Canal and director of investor research Jessica Inskip weigh in on Nvidia's valuation and its broader role in artificial intelligence (AI) as well as crypto. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. Because this is a company, let's keep in mind, three months ago, disappointed investors. I mean, the numbers were good, they showed growth, but not enough growth. I'm trying to figure out, I guess, if they're, if we're setting up for a disappointment when they report. Yeah, I think that is such a great comment and the question that everyone's asking, and I'm going to point back to the resilience of corporate America and diverse revenue streams. Nvidia also has diverse revenue streams, and we see an increase in gaming in addition to AI. But Nvidia also touches what's necessary, almost indirectly for blockchain, for stable coins, and this tokenization and digitization, which is very much fiscal policy, as we were saying earlier with crypto week. So, Nvidia, I do think, is absolutely still undervalued. It's not too late to get into Nvidia. It has AI dominance, but it has efficiency dominance, and there's so much more to that story. Ali, your, uh, your comments or your analysis on the, uh, AMD upgrade over HSBC really brings up a good point. It might be okay to own both AMD and Nvidia. There are other players inside of the AI chip space, and if Nvidia's doing well, AMD could do well. Maybe not Intel, but AMD. Yeah, and AMD has done very well this year. The stock is up around 15%. So, that's just something that strategists have said is that you don't just have to have Nvidia. You can have exposure to a lot of various tech names and a lot of AI plays as well. There's multiple touch points here. Many have told me that we're in the first or second inning, that there's still a long runway of growth. And even if you think about the software companies, those companies that have exposure to AI, they could be another play down the line. So, you have the chip makers, you have your infrastructure builders, and then you have all the companies that really benefit from this. So, there's just a lot of opportunity in this market. And what's great is that it's not so concentrated in the MAG 7 or the tech sector. We do have this broadening out. We have record highs for financials, industrials, communication services, and that is what's going to be key to maintaining this momentum. It's amazing just to watch this Nvidia story. On one hand, AMD catches upgrade, Intel's maybe on the verge of breaking itself up. Just weird times. Sign in to access your portfolio
Yahoo
11-07-2025
- Business
- Yahoo
Why Nvidia is 'still undervalued'
Investors are watching Nvidia (NVDA) closely after the company briefly reached a $4 trillion market cap on Tuesday, July 9. This made Nvidia the first publicly traded company to hit the milestone. Yahoo Finance Senior Reporter Allie Canal and director of investor research Jessica Inskip weigh in on Nvidia's valuation and its broader role in artificial intelligence (AI) as well as crypto. To watch more expert insights and analysis on the latest market action, check out more Opening Bid 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
10-07-2025
- Business
- Yahoo
The pros & cons of Ferrero's $3.1B WK Kellogg acquisition
WK Kellogg (KLG) stock skyrockets after Ferrero confirmed it plans to buy the Foot Loops maker in a $3.1 billion deal. director of investor research Jessica Inskip joins Opening Bid with Yahoo Finance Executive Editor Brian Sozzi to discuss the acquisition's pros and cons. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. Let's turn now to our stock of the day and that is WK Kellogg, not Kellogg, WK Kellogg. Extra chocolatey cereal from Kellogg might be in our future. Shares of Froot Loops and Frosted Flakes maker, WK Kellogg, have spiked more than 30% as chocolate giant Ferraro confirms its $3.1 billion deal for the iconic company. This deal would remove other Kellogg brand, uh, that was spun off in 2023 from public markets. Kellanova, the maker of Pringles and snack bars is in the process of being purchased for $36 billion by gum maker, Wrigley. I talked to Mars Wrigley, North America president, Anton Vincent, about the rationale for the deal just a few short weeks ago at Cannes Lions. Here's what he said. These are iconic brands. And so, you include our iconic brands with their iconic brands. You know, one of the reasons we got into this because it offers us an opportunity to actually get some regional expansion as well, opens us up to a broader set of snacking uh categories also as well. And so, for us, it gives consumers a lot more choice. Uh and I think for us as brand marketers, we believe in brand marketing, we believe in investing behind our brands, we believe in making sure those brands have a place in people's lives. And so, as we get a broader portfolio in, uh a broader set of regions in as well, it does allow us to, you know, really sort of put our marketing muscle behind there to make sure consumers have choice. All right, still with me, my round table, uh Jessica Inskip, uh Ali Canal, and Anna Nez Ferre. Uh Jessica, let me start with you here, but I will, you know, I think Ferraro's paying way too much for WK Kellogg. This is a business that almost seemingly against all the trends out in the marketplace. Uh the waning interest in cereal, people eating snacks. You have uh RFK and his health team focusing on removing colors out of these products. But, does it signal a potential interest in investors looking for value or value names in this market? Because the packaged goods space isn't exactly all about premium multiples. Yeah, absolutely. And the market is reacting positively. So from the surface level, it looks like the market really likes this. But I agree with you. The deal was absolutely at a premium. And Kellogg's comes with a lot of debt. So, it's going to be interesting to see how Ferraro carries that debt. And that's the big risk and something we want to understand. But you did highlight the challenges that are coming from the administration, and this need for more healthier options. So it's possible that this acquisition and this growth expansion that's happening with Ferraro, they could bring that to the table because of their their global opportunities, and they could help with those challenges. So, I think there are some headwinds with debt, but there's also tailwinds with this acquisition due to the reach that Ferraro has.
