Donald Trump (L) and Russia’s Vladimir Putin arrive to attend a joint press conference after a meeting at the Presidential Palace in Helsinki, on July 16, 2018. Yuri Kadobnov | Afp | Getty Images U.S. President Donald Trump suggested that Ukraine could lose its sovereignty to Russia, and said he wanted compensation for the aid … Read more
Check out the companies making headlines in premarket trading. Coca-Cola — The soda maker popped 3% after beating Wall Street expectations on both lines for the fourth quarter. Coca-Cola earned 55 cents adjusted per share on $11.54 billion in revenue, while analysts polled by LSEG forecasted 52 cents in earnings per share and $10.68 billion … Read more
Here are the biggest calls on Wall Street on Tuesday: KeyBanc upgrades Monday.com to overweight from sector weight Key upgraded the project management software company following earnings. “We are back on the Monday train with an upgrade to Overweight and are reintroducing a price target at $420.” CFRA upgrades Super Micro Computer to buy from … Read more
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Products at the showroom of the Nvidia Corp. offices in Taipei, Taiwan, June 2, 2023. I-Hwa Cheng | Bloomberg | Getty Images The U.S. government’s effort to curtail AI development in China through tightened controls of chip exports, including restrictions on the most advanced offerings from Nvidia, didn’t stop DeepSeek from creating its generative AI … Read more
Oppenheimer thinks investors have not to fully appreciated International Business Machine ‘s new software product focus. The investment firm initiated shares of the technology titan at an outperform rating. Analyst Param Singh’s $320 price target represents about 28% upside from Monday’s close. Shares of IBM have surged 34% in the last 12 months. However, Singh … Read more
Ursula von der Leyen (CDU, r), President of the European Commission, stands in the plenary chamber of the European Parliament. Philipp von Ditfurth | Picture Alliance | Getty Images The European Union plans to retaliate against the United States for new steel and aluminum tariffs. “Unjustified tariffs on the EU will not go unanswered—they will … Read more
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Bring a Trailer, the online classic car marketplace, sold a record $1.5 billion worth of cars last year despite … Read more
CFRA is taking on a more bullish view of Super Micro Computer ahead of its second-quarter earnings release. The firm upgraded shares of the data center company to buy from hold. Analyst Shreya Gheewala also lifted her price target by $9 to $48, indicating nearly 13% upside. “SMCI’s dominant position in liquid cooling and advantage … Read more
Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images For Super Micro Computer, the wild ride never seems to end. Following a tumultuous 2024 that saw the stock soar to new highs and get added to the S&P … Read more