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Investing.com38d agobullish
Stifel lifts Shopify to Buy, sees agentic commerce as next growth catalyst

Investing.com -- Stifel upgraded Shopify to Buy and raised its price target for the stock to $150 from $110 in a note on Friday, arguing that a 23% year-to-date decline has created an attractive entry point for what the firm described as a high-quality compounder with a widening competitive moat.

SK Hynix hits the U.S. stock market as demand for memory chips soars amid AI frenzy
Associated Press38d agobullish
SK Hynix hits the U.S. stock market as demand for memory chips soars amid AI frenzy

SK Hynix, one of the world's largest makers of memory chips, is hitting the U.S. stock market at a time when demand for its chips is far outpacing its ability to make them thanks to the frenzy over artificial intelligence. The company is already one of the largest in South Korea, along with Samsung Electronics, and is traded publicly on Seoul's Kospi index. SK Hynix priced its American depositary receipts, or ADRs, at $149 each Thursday.

The Main Reason Behind Buying UnitedHealth Before July 16
24/7 Wall St.38d agobullish
The Main Reason Behind Buying UnitedHealth Before July 16

UnitedHealth Group (NYSE:UNH) carries the highest conviction among managed care names heading into the company’s July 16 earnings report, and the setup is doing the talking. Shares of UNH last traded around $430.72 on July 9, sitting on a more than 28% year-to-date gain and a more than 42% one-year return. The repricing thesis showed ... The Main Reason Behind Buying UnitedHealth Before July 16

SK Hynix Debut Tests Memory-Chip Stock Demand
Investor's Business Daily38d agobullish
SK Hynix Debut Tests Memory-Chip Stock Demand

South Korean memory-chip maker SK Hynix is poised to make its U.S. trading debut on Friday. The company will trade through American depositary receipts under the Nasdaq ticker SKHY. Late Thursday, SK Hynix sold 177.

Circle wins final regulatory approval to establish US trust bank, shares rise
Reuters38d agobullish
Circle wins final regulatory approval to establish US trust bank, shares rise

Circle said on Friday it has received a final regulatory approval from the U.S. ‌Office of the Comptroller of the Currency to ‌establish a national trust bank, sending the stablecoin giant's shares surging ​10% in premarket trading. • The charter allows Circle to act as custodian for its own reserves and hold crypto assets on behalf of institutional clients. • "OCC approval to ‌establish Circle National ⁠Trust marks a defining step in bringing blockchain technology and digital assets into the core ⁠of the U.S. financial system," Circle CEO Jeremy Allaire said in a statement.

The Week in Numbers: SK Hynix IPO heats up, Samsung's profit surge
Reuters Videos38d agobullishVIDEO
The Week in Numbers: SK Hynix IPO heats up, Samsung's profit surge

<body><p>STORY: From a massive SK Hynix IPO to Samsung's giant profits...</p><p>This is the week in numbers.</p><p>:: $26.5 billion</p><p>$26.5 billion is how much chipmaker SK Hynix raised in a Wall Street listing on Thursday.</p><p>That was according to a U.S. regulatory filing.</p><p>A source said demand for the U.S. shares sale was more than seven times oversubscribed.</p><p>The South Korean firm is the world's leading supplier of high-bandwidth memory chips - critical features in advanced processors powering AI systems.</p><p>George Godber is a UK Fund Manager with Polar Capital:&nbsp;</p><p>"The chip plays have been the absolute epicenter of the AI capex spend. There's a lot of attention there. There's an awful lot of demand. There's a lot of retail interest. But it is volatile."&nbsp;</p><p>:: $7.7 billion</p><p>$7.7 billion is how much Apollo Global Management bid for easyJet.</p><p>The U.S. investment firm outbid a rival offer from Castlelake for the British budget airline.</p><p>EasyJet said it would support Apollo's proposal and withdrew support for Castlelake just days after agreeing in principle to a deal.</p><p>The updates sent the carrier's shares soaring during the week.</p><p>:: 46%</p><p>Close to 46% is how much Fast Retailing's profit rose during the previous quarter.</p><p>The Japanese owner of clothing brand Uniqlo said operating profit hit $1.32 billion in the three months through May.</p><p>It managed this while dealing with the Iran war's impact on supply chains and logistics.</p><p>It also put the firm on its way to an expected fifth straight year of record earnings.</p><p>:: 12</p><p>Up to 12 is how many submarines Canada could want Germany's TKMS to build for them.</p><p>TKMS beat out a competing offer from South Korea's Hanwha Ocean.</p><p>Canadian prime minister Mark Carney said Ottawa will now enter talks with the German company.</p><p>"TKMS is the best choice for Canadian workers. It will directly create and sustain an ecosystem of well over 100,000 well-paying jobs across Canada."</p><p>:: $58 billion</p><p>And $58 billion is how much operating profit Samsung flagged for the second quarter.&nbsp;</p><p>The South Korean tech giant expects a 19-fold leap in profits over the quarter from a year earlier, with revenue expected to soar 129%.</p><p>It comes as the global AI boom drives soaring demand for chips, sending prices for silicon sky-high.</p><p>That’s a boost for Samsung, which is the world’s largest maker of memory chips.</p></body>