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Yahoo
4 days ago
- Business
- Yahoo
Johnson & Johnson outlook, MP Materials surges: Trending Tickers
Johnson & Johnson (JNJ) shares tick higher in pre-market trading after the company raised its full-year earnings and sales guidance, though looming pharmaceutical tariffs from President Trump remain a key risk for the sector. 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.
Yahoo
5 days ago
- Business
- Yahoo
S&P 500 targets raised amid market rally: Call of the Day
Wall Street is raising its S&P 500 (^GSPC) targets after a sharp two-month rally, with RBC Capital Markets now calling for 6,250 by year-end. Yahoo Finance Reporter Josh Schafer explains why some strategists still expect volatility ahead amid ongoing tariff uncertainty. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here. It's time now for our call of the day. Wall Street growing increasingly bullish on its full-year outlook for the S&P 500 amid a massive rally for the benchmark index over the past two months. RBC capital markets, the latest firm to boost their S&P 500 target, RBC's head of US equity strategy, Lori Calvasina, writing in a note to clients on Sunday, they've raised their year-end target to 6,250 from a prior target of 5,730 with a target reflecting a roughly flat return for the rest of the year. Calvasina writes she feels neutral on equities. Now you can see on your screen here, RBC is one of nine firms now that have raised their S&P 500 target over the last several months amid this massive rally that we've seen in the market, but really what Calvasina is sort of expressing here, they think that the rally might be perhaps overextended at this point or at least see a little bit of chop. Ed Yardney of Yardney Research, who's also on our chart there at 6,500, pointed out that it's been a V-shaped recovery for stocks since April, but he wrote in a note to clients on Sunday, even his path to 6,500 doesn't look very linear right now. Yardney noted that instead of a V-shape, we might start turning into a little bit of a square root shape here where stocks have come all the way back up and maybe we go flat for a little bit. Key right now of what strategists are watching is essentially the tariff back and forth. Someone like Yardney had expected the tariff back and forth or the quote Trump tariff turmoil, as he calls it, to be over by now. But we're in the middle of July, we now have an August 1st deadline coming, and it remains unclear exactly when this is going to be solved. So for now, perhaps maybe wait and see and a little bit of chop with the market near record highs. 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
11-07-2025
- Business
- Yahoo
Nvida hits $4T market cap, who is next?
Nvidia (NVDA) became the first publicly traded company with a market capitalization of over $4 trillion. Ramzan Karmali examines who could follow in the AI chipmaker's historic footsteps. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here. So, let's take a look at what's moving markets. Well, on Wednesday, Nvidia led a tech fueled rally that saw the AI company leap to become the world's first $4 trillion public company. The chipmaker has already surpassed Apple's $3.92 trillion valuation it reached last December. And Nvidia's rise to a $4 trillion company has had implications in the markets in Asia today. Tech stocks there also rose sharply. In fact, since early May, Nvidia's share price is up more than 40%. That coincides with when President Trump first signaled a thaw in his trade war with China and Nvidia struck a series of multi-billion dollar deals in the Middle East. The stock's recent rally follows a sluggish start to the year when the emergence of Chinese discount AI model developed by Deepseek shook confidence linked to the sector. Nvidia's soaring market value underscores Wall Street's confidence in the rapid growth of AI, with the company's high-performance chips forming the backbone of this technological advance. Optimism around trade partners reaching deals with the US has recently lifted stocks with the S&P 500 hitting an all-time high. Nvidia accounts for 7.3% of the index, with Apple at 7% and Microsoft at 6%. Microsoft is actually the second most valuable US company worth $3.74 trillion. In fact, Nvidia is now worth more than the combined value of the Canadian and Mexican stock markets. But one note of caution, perhaps, while Nvidia's chips dominate the AI industry, the likes of Amazon, Microsoft and Alphabet have faced pressure from investors to rein in heavy AI spending. And while Microsoft keeps inching closer to that coveted $4 trillion mark, other behemoths in the MAG 7 like Tesla and Apple have actually been trending down lately. 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
11-07-2025
- Business
- Yahoo
How commodity traders are cashing in on Trump's copper tariffs
American copper (HG=F) is on the move following President Trump's 50% tariff. Ramzan Karmali takes a closer look at the recent moves. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here. Now, it's time for our call of the day. And we're looking at copper. So, President Trump's announcement earlier this week of a 50% tariff on copper, well, it's seen a trade opportunity arise that many commodity traders are certainly taking advantage of. Huge quantities of copper are being brought to the US by the likes of Trafigura, Mercuria, Glencore, and IXM before August the 1st. That's when the tariff kicks in. Now, US copper prices, you can see there, they surged 13% in the minutes after the announcement on Tuesday was made. And are now roughly 28% higher than prices on the London Metal Exchange. Traders are effectively buying the metal in London, shipping it to the US, and then selling it at the US Comex price there. But the window to take advantage of this is likely to be closing pretty soon as that deadline approaches. So, perhaps the focus should shift to US copper miners. The largest one out there is Freeport-McMoRan. It has exposure to Nevada's newly expanded Resolution copper mine. Its share price has risen around 40% since the start of April, up around 24% for the year. Now, it's also worth noting that the FTSE 100 in London hit a record high yesterday. And guess what? It was boosted by mining stocks because they're listed on there. And that all comes about as iron ore, aluminum, and nickel prices all rally too. So, I tell you this, this area of commodities is definitely one to keep an eye on. Sign in to access your portfolio
Yahoo
11-07-2025
- Business
- Yahoo
Trump tariff threats heat up, currency trade, bitcoin's highs: 3 Things
Ahead of the opening bell, Ramzan Karmali outline three stories Wall Street is watching on Friday, July 11. US stock futures (ES=F, NQ=F, YM=F) slide after President Trump threatened a 35% tariff on imports from Canada as well as a 15% to 20% base tariff for most trading partners. Amid trade talks, the US dollar (DX=F) is in focus as the Canadian dollar (6C=F) and the euro (6E=F) stumble. Bitcoin (BTC-USD) is trading at record highs. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here. Well, let's kick off the things you need to know before the opening bell rings by taking a look at the futures board. And as you can see, it's a sea of red across the board. Why? Well, last night there was more evidence that President Trump is pushing through with his tariff agenda. He announced a 35% tariff on Canada. He also said that countries that hadn't received a letter from him yet should expect a tariff rate of between 15 and 20%. Well, the president cited the lack of big adverse market reaction to the latest round of tariffs. That's after US equities closed at record highs on Thursday. The attention now turns to the European Union. President Trump warned EU nations to expect a tariff announcement targeted targeting the block as soon as today. Now remember, the EU has signaled it's willing to accept a 10% universal tariff, but is seeking some exemptions. Now, the second thing to be aware of is the rise in the value of the dollar. At one point after the trade announcement last night, the Canadian dollar fell as much as 0.6% against the greenback. It paired back some of those losses now. However, the euro also slipped and is heading for a weekly decline of about 0.9%. Also supporting the dollar was were data suggesting labor market resilience and minutes from the Fed's latest policy meeting that tempered market rate cut expectations. But remember, the dollar index is down around 9% this year on worries that the data could soon reflect more widely the damage recent policy decisions are having on the world's largest economy. And the final thing to know about is Bitcoin. It hit another record high, $118,407.96. It wasn't the only cryptocurrency to have a stellar day. Ethereum jumped 5.7%. Now, the new record possibly reflects that investors are willing to take on more risk, even in the face of more tariff announcements. There may also be growing optimism over future legislative proposals, as Yahoo Finances Ines Ferre explains. Now, anything that is, uh, sort of crypto related, especially when it comes to, um, Bitcoin, um, has been on fire, uh, this year. Uh, Robin Hood, Coinbase, uh, anything that has crypto, uh, uh, trading. So look, um, Bitcoin has been trading within this range of 10,000, uh, over the last couple of months. And and what analysts have been pointing out is it's becoming a less and less volatile asset. So this is certainly bullish, uh, for the asset. Uh, you also have, of course, uh, all the developments that have been happening with stable coin as well. That has been very big and the tokenization of stocks. That's been, that's going to be huge for the crypto industry as a whole. I'm looking forward to next week as well because, uh, Congress is going to have sort sort of what's been dubbed the crypto week where they will be taking a look at three different bills, the, uh, Genius Act being one of them, which is at the house now after it was passed in the Senate. So that'll be interesting to see if this is the next catalyst that moves Bitcoin higher. Sign in to access your portfolio
