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Apple's $250 Target from KeyBanc Suggests $955B Market Cap Gap
Apple shares rose 9% in July but remain $955B below KeyBanc's $250 target. Analysts see risks from slower upgrades and higher costs.
SemiLEDs Shares Leap 47% on Equipment Resale Boost, LED Sales Show Progress
SemiLEDs shares jumped 47% after equipment resales accounted for 94% of gross profit in Q3, while LED sales improved. Revenue surged to $9M, but customer concentration and going-concern risks remain.
Carvana Soars 8% on Inflation Data, Spotlight on Lending Growth
Carvana shares rose 8.29% as lower inflation boosted rate-cut hopes, with focus on its expanding financing operations.
Bradesco ADR Rises on Currency Boost, Local Shares Fall
Bradesco's ADR rose 0.55% in New York, but local preferred shares fell 0.75% in São Paulo. The dollar's 1.12% drop against the real accounted for 68% of the ADR move.
Morgan Stanley Stock Holds Above Key Level Ahead of Q2 Earnings
Morgan Stanley shares closed at $227.67, up 2.98%, ahead of Q2 earnings. Analysts expect $19.7B revenue and $2.93 EPS, with focus on wealth management and capital markets.
Plug Power Shares Rebound on $80M Asset Sale Plan; Texas Deal Key
Plug Power stock gained 5% Tuesday after announcing asset sales that could bring in over $80 million, with the Texas transaction being the linchpin.
Shuttle Pharma Stock Surges 41% on Massive Volume; Turnover Hits 82x Share Base
Shuttle Pharma (SHPH) stock jumped 40.5% on Tuesday as volume reached 82.5 times its shares outstanding, fueled by insider trading and a small float.
AT&T's 12% Cash Yield Faces Starlink Test as Pricing Pressure Mounts
AT&T shares edged up 0.8% over two days, even as Bernstein slashed its price target 17% citing Starlink threats. The stock's 12% free-cash-flow yield and 5.2% dividend offer value, but pricing moves and satellite competition keep investors cautious.
Dow's 922-Point Swing Masks Broader Market Gains Amid Inflation Relief
A 922-point tug-of-war between Goldman Sachs and IBM left the Dow nearly flat, but the S&P 500 and Nasdaq rose on cooling inflation data.
Dow barely moves as Goldman and IBM swing index by 922 points
The Dow edged up just 0.05% as a 922-point swing between Goldman Sachs and IBM masked broader market gains. Cooling inflation data lifted rate-cut expectations.