Latest news with #JonesTrading
Business Insider
22-07-2025
- Business
- Business Insider
JonesTrading Keeps Their Buy Rating on Dynex Capital (DX)
In a report released today, Matthew Erdner from JonesTrading maintained a Buy rating on Dynex Capital, with a price target of $13.00. The company's shares closed today at $12.54. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Erdner is ranked #2063 out of 9841 analysts. In addition to JonesTrading, Dynex Capital also received a Buy from KBW's Bose George in a report issued on July 10. However, on the same day, UBS maintained a Hold rating on Dynex Capital (NYSE: DX). The company has a one-year high of $14.52 and a one-year low of $10.79. Currently, Dynex Capital has an average volume of 3.57M.
USA Today
07-07-2025
- Business
- USA Today
US stocks open down on tariff uncertainty. Deadline moved but threat remains. Tesla sinks
U.S. stocks opened lower amid tariff uncertainty after President Donald Trump confirmed higher tariffs are set to go into effect Aug. 1, extending the original deadline of July 9 but leaving the threat of higher tariffs looming. At 9:37 a.m. ET, the blue-chip Dow eased 0.22%, or 97.76 points, to 44,730.77; the broad S&P 500 shed 0.35%, or 21.69 points, to 6,257.66; and the tech-heavy Nasdaq dropped 0.59%, or 122.27 points, to 20,478.83. The benchmark 10-year yield rose to 4.371%. Investors had expected Trump's reciprocal tariffs would go into effect on July 9 for nations that didn't yet strike a trade deal with the U.S., but over the weekend Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick said the date is now Aug. 1. White House officials suggested more trade deals will be finalized this week and will notify other countries of higher tariff rates by July 9. Trump also threatened an extra 10% tariff on countries aligning themselves with the "Anti-American policies" of the BRICS group of Brazil, Russia, India, China and South Africa. "The policy of 'strategic uncertainty' has revealed, with certainty, that the administration is fearful of its own threats," said Mike O'Rourke, chief market strategist at JonesTrading. "This backpedaling reinforces the market's expectation that the administration's true policy remains one of 'closet capitulation.' " More oil supply Oil prices initially slid after the Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to increase production by 548,000 barrels a day in August. That's larger than the 411,000 monthly increase in production in May, June and July and more than analysts' had expected. Additionally, the countries will consider adding another roughly 548,000 barrels a day in September at the next meeting on Aug. 3, according to Bloomberg, citing delegates who asked not to be identified. Despite the cuts, Saudi Arabia raised prices for its main crude grade for Asian buyers in August by $1 to $2.20 a barrel more than the regional benchmark, exceeding expectations. That's seen as a sign Saudi Arabia believes the oil market is strong enough to withstand extra supplies that OPEC+ is adding. Oil prices recovered their initial losses, last trading up 0.72% at $67.48 per barrel. Corporate news Cryptocurrency Over the weekend, an unknown individual or entity moved $8 billion worth of crypto after holding the digital assets for 14 years and originally bought for less than $210,000, media reports said. The transfer of 80,000 bitcoin reportedly came from eight dormant wallets. Bitcoin was last down 0.76% at $108,409.90. (This story was updated with new information.) Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
Yahoo
07-07-2025
- Business
- Yahoo
US stock futures lower after Trump says tariffs start Aug. 1
U.S. stock futures are lower after oil prices slid on an unexpectedly large supply increase from oil producing countries and President Donald Trump's confirmation that tariffs are set to go into effect Aug. 1, extending the original deadline of July 9. At 6:10 a.m. ET, futures linked to the blue-chip Dow were at 0.02%, while broad S&P 500 futures slipped-0.28% and tech-heavy Nasdaq futures fell-0.44%. Investors had expected Trump's reciprocal tariffs would go into effect on July 9 for nations that didn't yet strike a trade deal with the U.S., but over the weekend Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick said the date is now Aug. 1. White House officials suggested more trade deals will be finalized this week. "The policy of 'strategic uncertainty' has revealed, with certainty, that the administration is fearful of its own threats," said Mike O'Rourke, chief market strategist at JonesTrading. "This backpedaling reinforces the market's expectation that the administration's true policy remains one of 'closet capitulation.'" Separately, oil prices slid after the Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to increase production by 548,000 barrels a day in August. That's larger than the 411,000 monthly increase in production in May, June and July and more than analysts' had expected. Additionally, the countries will consider adding another roughly 548,000 barrels a day in September at the next meeting on Aug. 3, according to Bloomberg, citing delegates who asked not to be identified. Tesla shares may be in the spotlight as tensions between chief executive Elon Musk and Trump heat up again. Musk said on social media he started the "America Party" aimed at winning a handful of Senate seats and House districts that could serve as the "deciding vote" on"contentious laws," given the "razor-thin legislative margins" in Congress. Trump responded on social media by saying Musk had gone "completely off the rails," suggesting the third party was in response to Musk being angry because the spending bill eliminated incentives to buy electric cars. Amazon Prime Day is slated to begin July 8. Over the weekend, an unknown individual or entity moved $8 billion worth of crypto after holding the digital assests for 14 years and originally bought for less than $210,000, nedia reports said. The transfer of 80,000 bitcoin reporteldy came from eight dormant wallets. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday. This article originally appeared on USA TODAY: US stock futures lower after Trump says tariffs start Aug. 1
USA Today
07-07-2025
- Business
- USA Today
US stock futures lower after Trump says tariffs start Aug. 1
U.S. stock futures are lower after oil prices slid on an unexpectedly large supply increase from oil producing countries and President Donald Trump's confirmation that tariffs are set to go into effect Aug. 1, extending the original deadline of July 9. At 6:10 a.m. ET, futures linked to the blue-chip Dow were at 0.02%, while broad S&P 500 futures slipped-0.28% and tech-heavy Nasdaq futures fell-0.44%. Investors had expected Trump's reciprocal tariffs would go into effect on July 9 for nations that didn't yet strike a trade deal with the U.S., but over the weekend Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick said the date is now Aug. 1. White House officials suggested more trade deals will be finalized this week. "The policy of 'strategic uncertainty' has revealed, with certainty, that the administration is fearful of its own threats," said Mike O'Rourke, chief market strategist at JonesTrading. "This backpedaling reinforces the market's expectation that the administration's true policy remains one of 'closet capitulation.'" Separately, oil prices slid after the Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to increase production by 548,000 barrels a day in August. That's larger than the 411,000 monthly increase in production in May, June and July and more than analysts' had expected. Additionally, the countries will consider adding another roughly 548,000 barrels a day in September at the next meeting on Aug. 3, according to Bloomberg, citing delegates who asked not to be identified. Corporate news Cryptocurrency Over the weekend, an unknown individual or entity moved $8 billion worth of crypto after holding the digital assests for 14 years and originally bought for less than $210,000, nedia reports said. The transfer of 80,000 bitcoin reporteldy came from eight dormant wallets. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
The Herald Scotland
03-07-2025
- Business
- The Herald Scotland
US stock futures higher as Trump megabill heads to House
At 6:05 a.m. ET, futures linked to the blue-chip Dow rose 0.15%, while broad S&P 500 futures gained 0.13% and tech-laden Nasdaq futures added 0.09%. Trade issues linger Although the One Big Beautiful Bill is in the spotlight, trade issues continue to linger offstage. Trump's self-imposed trade deal deadline of July 9 is fast approaching, and there are mixed messages on whether the deadline is flexible. Last week, White House Press Secretary Karoline Leavitt told reporters the July 9 deadline for restarting tariffs on countries that haven't yet reached a trade deal wth the U.S. is "not critical," which some took as a hint the deadline was flexible. U.S. Treasury Secretary Scott Bessent then said trade deals could come by Labor Day in September. However, Trump said this week he isn't considering delaying the deadline for higher tariffs to resume and renewed his threat to cut off talks and impose duty rates on several nations, including Japan. He criticized Japan for shunning U.S. rice exports and for imbalanced auto trade between the two countries. He floated 30% to 35% tariffs on Japanese goods and cast doubts on whether the U.S. could reach a deal with Japan. So far, markets have shrugged off fears of higher tariffs. "Investors are banking on yet another Trump retreat and reversal," said Mike O'Rourke, chief market strategist at JonesTrading. Corporate news Verint Systems is in talks with buyout firm Thoma Bravo over a possible acquisition, according to Bloomberg. Centene withdrew its full-year outlook after the company said it received data showing its enrollees in the Affordable Care Act insurance marketplaces overall appeared fewer, and less healthy, than expected. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
