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Morgan Stanley resets CIEN stock target after earnings
TheStreet73d agoneutral
Morgan Stanley resets CIEN stock target after earnings

Ciena (CIEN) just delivered the kind of quarter most companies dream about. Revenue jumped 40%, profit nearly quadrupled, and management raised its full-year outlook. Wall Street liked what it saw. Analyst after analyst lifted price targets on the stock, some by hundreds of dollars. And then shares ...

The S&P 500 Wiped Out $1.4 Trillion in Market Cap After Red-Hot Jobs Report. Here’s Why
24/7 Wall St.73d agoneutral
The S&P 500 Wiped Out $1.4 Trillion in Market Cap After Red-Hot Jobs Report. Here’s Why

Just days after the S&P 500 climbed to a fresh record high as artificial intelligence stocks extended their remarkable rally, investors got a reminder that markets rarely move in a straight line. Friday’s sell-off erased roughly $1.4 trillion in market value from S&P 500 companies and marked the benchmark index’s steepest one-day decline since October ... The S&P 500 Wiped Out $1.4 Trillion in Market Cap After Red-Hot Jobs Report. Here’s Why

Citi has a message for Apple stock investors
TheStreet73d agoneutral
Citi has a message for Apple stock investors

Apple is heading into its most closely watched developer conference in years with a record quarter behind it and one of the highest-stakes AI announcements in its history in front of it. The stock has climbed 15% year to date, services revenue hit an all-time high of $31 billion in the March ...

If You Hold This 20 Year Treasury ETF You Are Losing Money Even With Yields Up
24/7 Wall St.73d agoneutral
If You Hold This 20 Year Treasury ETF You Are Losing Money Even With Yields Up

A 68-year-old retiree who moved $180,000 out of stocks and into the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in late 2024 was making a directional rate bet. The pitch was clean: lock in a 4.5% long-bond yield before the Federal Reserve cut rates, then collect price appreciation on top of monthly coupons. The 20-year ... If You Hold This 20 Year Treasury ETF You Are Losing Money Even With Yields Up

Banks Are Paying Again: 5 Financial Dividend Stocks After the Stress Tests
24/7 Wall St.73d agoneutral
Banks Are Paying Again: 5 Financial Dividend Stocks After the Stress Tests

The Federal Reserve’s asset cap on Wells Fargo came off in 2025. JPMorgan’s board waved through a $50 billion repurchase authorization. Bank of America returned $9.30 billion to shareholders in a single quarter. The post-stress-test capital return cycle is already running, and the cash is being shoveled out the door faster than most retail investors ... Banks Are Paying Again: 5 Financial Dividend Stocks After the Stress Tests

“Wait for the First Dip and Then Come In.” How Wall Street Experts Are Playing the SpaceX IPO.
24/7 Wall St.73d agoneutral
“Wait for the First Dip and Then Come In.” How Wall Street Experts Are Playing the SpaceX IPO.

While much of the market is gearing up to chase the SpaceX listing on day one, Constellation Research Chairman Ray Wang appeared on CNBC’s Squawk Box this morning, June 5, with a different message for retail investors: “I would actually wait for the IPO and wait for the first dip and then come in,” Wang ... “Wait for the First Dip and Then Come In.” How Wall Street Experts Are Playing the SpaceX IPO.

Nvidia, SK to detail cooperation plan as Huang flags prolonged chip shortage
Reuters73d agoneutral
Nvidia, SK to detail cooperation plan as Huang flags prolonged chip shortage

Nvidia and South Korea's SK are expected to announce a plan ‌for cooperation between the two companies on ‌Monday, with the boss of the U.S. chipmaker saying that ​the ongoing memory shortage would persist for "quite a few years". A spokesperson for SK Hynix said group chairman Chey Tae-won and Nvidia CEO Jensen Huang plan ‌to brief media ⁠about the plan on Monday morning, confirming a report by Newsis. Huang separately said ⁠that Nvidia could make announcements with SK on Monday.

US-China Rivalry Is Laid Bare by a Contract to Deepen an Argentine River
Bloomberg73d agoneutral
US-China Rivalry Is Laid Bare by a Contract to Deepen an Argentine River

(Bloomberg) -- A government tender in Argentina underscored tensions between Washington and Beijing in Latin America as President Javier Milei’s administration awarded a 25-year contract to upgrade a key trade artery to a venture with a history of ties to China.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryBecerra Advances for California Governor as Hilton Fights SteyerSpaceX Inks $30

JPMorgan AM, Pictet Break From Pack With ‘One and Done’ for ECB
Bloomberg73d agoneutral
JPMorgan AM, Pictet Break From Pack With ‘One and Done’ for ECB

(Bloomberg) -- Big-name investors are staking out a contrarian stance before Thursday’s European Central Bank meeting.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryBecerra Advances for California Governor as Hilton Fights SteyerSpaceX Inks $30 Billion Computing Power Deal With GoogleUS Forces See Nearly 1,000 Hormuz Crossings Since CeasefireJPMorgan Asset Management argues that lacklus

Investing.com73d agoneutral
Who’s winning the pizza race?

Investing.com -- Domino’s Pizza (NYSE: DPZ) and Casey’s General Stores (NASDAQ: CASY) are emerging as the biggest winners in the battle for pizza market share, according to a Bank of America analysis of the U.S. quick-service restaurant pizza market.

Bank of America resets Broadcom stock price target after earnings
TheStreet73d agoneutral
Bank of America resets Broadcom stock price target after earnings

Broadcom (AVGO) stock closed the June 4 trading session down 12.59% at $418.91. The stock took a tumble following the release of the second-quarter (Q2) fiscal year 2026 (FY26) earnings report on June 3, and lost about $280 billion in market value, according to Yahoo Finance. The stock is up 21.04% ...

Amazon finds itself in hot water over Ring camera feature
TheStreet73d agoneutral
Amazon finds itself in hot water over Ring camera feature

There is an old idea that a person's home is their castle, and that the threshold of a front door marks the line between the public world and the private one. For most of human history, crossing that line meant being seen by, at most, whoever happened to be standing there. That line has quietly ...