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JPMorgan resets oil price target for rest of 2026
TheStreet59d agoneutral
JPMorgan resets oil price target for rest of 2026

Brent crude rose from $72 in late February to above $118 in March when the Strait of Hormuz effectively closed. By late June, after a U.S.-Iran peace deal began reopening shipping lanes, it had fallen back below $80. Every major bank that published a price target this year has had to revise it, ...

IBM stock surged again: The reason sounds like sci-fi
TheStreet59d agobullish
IBM stock surged again: The reason sounds like sci-fi

IBM (IBM) hasn’t built a commercial computer chip of its own in nearly a decade. On Thursday, June 25, the company said its research labs had cracked something the rest of the chip industry hasn’t managed yet. The breakthrough has nothing to do with software, and everything to do with one tiny ...

Bloomberg59d agobullish
China’s Hardware Tech Stocks Look to Earnings to Sustain Rally

(Bloomberg) -- Chinese hardware technology stocks have been on a tear. The next challenge is showing the earnings to back it up.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetApple Shares Sink After Price Hikes Hit iPads and MacsStocks Whipsaw as Micron Surges While Apple Sinks: Markets WrapGrand Ole Opry House Up For Sale by Owner Ryman HospitalityShip Struck in Hormuz as Oil Supertankers Turn Back AgainA surge in AI infrastructure spending by hyperscal

Does Micron pay dividends? Its yield and payouts explained
TheStreet59d agoneutral
Does Micron pay dividends? Its yield and payouts explained

Micron Technology’s (MU) fiscal third-quarter 2026 earnings report delivered results you rarely see from a company of its size. The trillion-dollar semiconductor’s revenue surged 346% year-over-year to $41.46 billion, profits soared 1,215% to $28.24 billion, and, according to the company, its ...

Samsung to invest 1,000 trillion won in South Korea, media report says
Reuters59d agoneutral
Samsung to invest 1,000 trillion won in South Korea, media report says

Samsung ‌Group will ‌announce its plan ​to invest 1,000 trillion won ($647.53 ‌billion) ⁠for 10 years in ⁠South Korea on ​June ​29, ​which might ‌include a 300 trillion won spend in building chip ‌factories ​in ​the ​southwest ‌of the country, ​a ​media report said ​on ‌Friday. ($1 = 1,544.3200 won) (Reporting ​by Heejin ​Kim)

Wall St ends mixed as tech megacap losses outweigh upbeat chip outlook
Reuters Videos59d agobullishVIDEO
Wall St ends mixed as tech megacap losses outweigh upbeat chip outlook

<body><p>STORY: U.S. stocks ended mixed on Thursday, with the Dow ticking up more than a tenth of a percent, while the S&P 500 closed flat and the Nasdaq dropped nearly half a percent.</p><p>Technology shares reversed early gains to move lower, as investors worried about hyperscaler spending on AI and who foots the bill.</p><p>:: Micron</p><p>Those fears outweighed upbeat signals on AI demand from Micron, which gained nearly 16%, while shares of Sandisk soared 22%.</p><p>Brian Mulberry, chief market strategist at Zacks Investment Management, notes that it's memory chip makers that are now leading the charge.&nbsp;</p><p>"What's different about Micron, SanDisk, Western Digital, those types of names that are doing so well is that they're memory chips. And you have to have memory, specifically DRAM or H-band memory, if you're going to have enough computing power to do all the computations. That is nothing if you don't have memory to transfer it from one place to another. So one of the reasons that these stocks have done so well and the growth at Micron is so solid is because a recent redesign in the server technology means we go from eight memory chips per server to 96. That's 12 times growth in demand for this one simple component."</p><p>The surging prices of memory and storage chips prompted Apple on Thursday to hike prices for its iPads and MacBooks. That weighed on the stock, sending it down more than 6%. Shares of Nvidia, Microsoft and Alphabet also dropped.</p><p>:: Archive</p><p>Among other movers, shares of Bio-Techne jumped after Merck agreed to acquire the biotech firm for $73 per share in cash, representing a total enterprise value of about $11.3 billion.</p><p>:: Archive</p><p>Meanwhile, U.S. Department of Commerce data on Thursday showed the annual inflation rate through May rose above 4% for the first time in three years, but oil prices this week fell to below pre-war levels.</p></body>

FedEx Freight forecasts growth as standalone company
FreightWaves59d agoneutral
FedEx Freight forecasts growth as standalone company

FedEx Freight expects profit margin to grow by more than 9% in the back half of the year, up more than a point from last year’s growth. The post FedEx Freight forecasts growth as standalone company appeared first on FreightWaves.

New fast-food meme stock surges 25% as retail traders pile in
TheStreet59d agobullish
New fast-food meme stock surges 25% as retail traders pile in

Wendy's spent months trying to convince Wall Street its turnaround was real. Then Reddit took over. Shares of the fast-food chain soared more than 42% intraday on June 24, 2026, briefly making Wendy's (WEN) the most talked-about ticker in retail trading circles. The "Save Wendy's" campaign ...

Bloomberg59d agoneutral
Oil Holds Gain as Traders Weigh Hormuz Flows After Ship Attack

(Bloomberg) -- Oil held a gain as traders weighed the outlook for a reopening of the Strait of Hormuz after a cargo ship was attacked in the waterway.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetApple Shares Sink After Price Hikes Hit iPads and MacsStocks Whipsaw as Micron Surges While Apple Sinks: Markets WrapGrand Ole Opry House Up For Sale by Owner Ryman HospitalityShip Struck in Hormuz as Oil Supertankers Turn Back AgainWest Texas Intermediate trad

ON Semiconductor Joins ‘Edge AI’ Market With $7 Billion Acquisition. The Stock Falls.
Barrons.com59d agobearish
ON Semiconductor Joins ‘Edge AI’ Market With $7 Billion Acquisition. The Stock Falls.

ON Semiconductor has agreed to buy internet-of-things company Synaptics as it vies to bring artificial-intelligence from data centers into the physical world. Synaptics shareholders will receive 1.35 shares of Onsemi stock for each Synaptics share in the all-stock deal, representing an enterprise value of around $7 billion. Onsemi stock dropped 8.3% to $108.85 in after-hours trading Thursday.

OpenAI just built a chip to cut Nvidia out of one job
TheStreet59d agoneutral
OpenAI just built a chip to cut Nvidia out of one job

The most valuable businesses in the world rarely make their money selling you something once. They make it by collecting a small fee every single time you use the thing they sold you. That is the quiet genius of a toll booth. You can own the car, buy the gas, and drive the open road, and you will ...

FedEx Freight’s First Earnings Report Beats Estimates. The Stock Doesn’t Move.
Barrons.com59d agobullish
FedEx Freight’s First Earnings Report Beats Estimates. The Stock Doesn’t Move.

FedEx Freight which spun off from FedEx on June 1, beat analyst expectations for revenue in its first earnings report as a standalone company. Its fourth-quarter revenue came in at $2.4 billion, ahead of analyst estimates just shy of $2.3 billion. FedEx Freight focuses on less-than-truckload (LTL) deliveries to industrial customers that don’t need a full truck to send items short distances.

Why Goldman won't pick Intel over its rivals just yet
TheStreet59d agoneutral
Why Goldman won't pick Intel over its rivals just yet

Goldman Sachs Group Inc. (GS) initiated coverage of Intel Corp. (INTC) this week with a neutral rating and a $150 price target, based on TipRanks' report. That implies only about 12% upside, modest given the stock’s run over the past year. The bigger signal is who wrote it, not the number itself. ...

Investing.com59d agoneutral
Onsemi bets on physical AI with $7 billion Synaptics acquisition

Investing.com -- Chipmaker onsemi will acquire Synaptics in an all-stock transaction valued at approximately $7 billion, a deal aimed at expanding its presence in artificial intelligence-driven intelligent systems and strengthening its position in emerging Physical AI applications.

Delta Air Lines cuts two flights forever, refunds available
TheStreet59d agobearish
Delta Air Lines cuts two flights forever, refunds available

Associated with everything from its taco scene and country music to being a blue dot in a conservative state, the Texan capital of Austin experienced a major burst of popularity during and immediately after the Covid pandemic. According to city statistics, the population of Austin jumped from 1.6 ...

Paramount's WBD merger faces major regulatory hurdle
TheStreet59d agoneutral
Paramount's WBD merger faces major regulatory hurdle

One of the biggest media deals in history is inching toward the finish line. But first, Paramount Skydance must clear a significant hurdle in Europe. The proposed acquisition of Warner Bros. Discovery by Paramount Skydance (PSKY) is valued at $110 billion, Bloomberg confirmed. It would ...

Bank of America predicts big upside for Coinbase
TheStreet59d agoneutral
Bank of America predicts big upside for Coinbase

The largest U.S.-based cryptocurrency exchange just got another nod from one of the oldest American banks. Recently, the Bank of America (NYSE: BAC) reiterated its rating and its price target for Coinbase Global (NASDAQ: COIN). Founded in 2012 by Brian Armstrong, Coinbase was listed ...

Health Care Roundup: Market Talk
The Wall Street Journal59d agoneutral
Health Care Roundup: Market Talk

Find insight on Merck KGaA’s deal to buy Bio-Techne, GSK and more in the latest Market Talks covering the Health Care sector.