Latest Stock Market News — Page 483

Markets Jul 4 Daniel Marsh

Oklo Stock Faces DOE Milestone and $1.65B Short Interest

Oklo shares ended the week at $52.36, up 4.7%, as the company awaits DOE approval for its Groves reactor. Short interest remains elevated at 19.29% of float, valued at $1.65 billion.

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Markets Jul 4 Daniel Marsh

Oracle's $638B Backlog Fails to Halt 9-Day Slide, Stock Down 24%

Oracle shares fell 23.9% over nine straight losing sessions, even as its $638 billion backlog exceeds market value. Heavy capex plans and funding needs weigh on the stock.

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Earnings Jul 4 James Calloway

ExxonMobil Holdings Debuts on NYSE, Eyes Strong Q2 Earnings

ExxonMobil Holdings (XOM) started trading as the new public parent, closing at $137.09. Analysts see Q2 adjusted net income at $15.9 billion, but oil price weakness raises concerns.

XOM CVX SHEL BP XLE USO

Markets Jul 4 Daniel Marsh

Cisco Slumps 3.7% as Dividend Fails to Cushion AI-Driven Selloff

Cisco shares fell 3.69% on Thursday, a decline over ten times larger than the upcoming $0.42 quarterly dividend. The stock closed near the low end of analyst targets, with the median still pointing to a return to June highs.

CSCO

Markets Jul 4 Daniel Marsh

Gas Station Margins and Fuel Supply Crunch Draw Investor Focus

Russian refinery strikes cut crude processing 25% in June, squeezing gasoline supply. U.S. gas station margins rise, with Casey's and Murphy USA posting strong fuel profits.

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Markets Jul 4 Daniel Marsh

Chevron Edges Exxon on Q2 Profit Yield Amid Holiday Week Slip

Chevron (CVX) posted a 2.9% Q2 profit yield, slightly ahead of Exxon (XOM) at 2.8%, but shares fell 1.1% in a holiday-shortened week. Oil price softness and a focus on refining margins and data-center power deals are key themes.

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Markets Jul 4 Daniel Marsh

Coca-Cola Shares Hit Record High on Staples ETF Weight Boost

Coca-Cola shares surged to an all-time closing high of $84.14, driven by its expanded role in the Consumer Staples Select Sector SPDR ETF (XLP) ahead of July earnings.

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Markets Jul 4 Daniel Marsh

Sam's Club Open on July 4, Targets Costco Shoppers with Discounted Memberships

Sam's Club is open on July 4, offering discounted memberships to attract Costco shoppers. The move could help Walmart boost membership revenue, which rose 5.6% last quarter.

WMT COST

Markets Jul 4 Daniel Marsh

July 4 Store Hours: Walmart, Target Open; Costco Shutters

Major retailers like Walmart, Target, and Home Depot stay open on July 4, while Costco closes. NRF projects record food spending and AAA forecasts 72.2 million travelers.

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Markets Jul 4 Daniel Marsh

Himax Slips in Holiday-Shortened Week as Semiconductor Index Tumbles

Himax Technologies fell 7.65% in a holiday-shortened week, tracking the semiconductor sector's decline. A planned investee sale could bring a pre-tax gain of $23 million to $24 million, potentially exceeding Q2 profit per ADS.

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Markets Jul 4 Daniel Marsh

Kroger's $1.65B Giant Eagle Buy: Low Multiple, High Ambition

Kroger buys Giant Eagle for $1.65 billion, a low 0.18x sales multiple, adding $9 billion in revenue. Deal faces antitrust review but aims to boost margins and EPS by 2027.

KR ACI WMT

IPO Jul 4 Michael Okonkwo

SpaceX Stock Wobbles Amid Index Rebalance and Wide Valuation Gap

SpaceX shares settle at $162, up from IPO but below peak, with analyst targets spanning $63 to $310 and index-tracking demand driving short-term volatility.

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