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Altria Jumps 6.8% as FDA Proposes New Rules for Foreign Tobacco Firms
Altria Group (MO) shares climbed 6.8% last week, adding $7.8 billion in market value, as the FDA proposed new rules for foreign tobacco manufacturers, potentially altering the competitive landscape.
Accenture stock edges up after selloff, but cyber deal at 20x ARR raises valuation questions
Accenture (ACN) climbed 2.51% Friday but is still 58% off its high. Wall Street slashed price targets after mixed Q3 results and a $4.175 billion cyber deal at 20x ARR.
GE Vernova's Turbine Demand Story Fails to Halt Weekly Slide
GE Vernova (GEV) fell 3.71% Friday, erasing most of its midweek rebound and capping a 7.31% weekly loss as investors await Q2 earnings for proof of backlog conversion.
Disney (NYSE:DIS) Stock Drops $8.9B Despite Toy Story 5 Success
Disney (DIS) shed $8.9 billion in equity from June 18 to June 26, despite 'Toy Story 5' grossing $398.8 million worldwide. The stock closed Friday at $98.79, down 3.57% for the week.
Fifth Third Gains $3.6B Deposit Base as Social Security Ends Paper Checks
Fifth Third Bancorp takes over the Direct Express program, adding $3.6 billion in low-cost deposits from Social Security recipients, as paper checks are phased out.
IHG's Near-Record Buyback Shifts Focus to Revenue Growth
IHG's $34M buyback at near-record prices shrinks share count, putting emphasis on room and fee growth. Half-year results due August 11.
JD.com Hits Near 52-Week Low After Weak 618 Sales, Daiwa Downgrades
JD.com shares fell near their 52-week low after Daiwa downgraded the stock to Hold and cut its target from $47 to $27, citing weak 618 shopping festival data and macroeconomic pressures.
NextEra Energy Lags Utility Peers as Clean-Energy Tax Credit Deadline Approaches
NextEra Energy (NEE) closed up 0.98% on Friday but lagged the broader utility sector as the July 4 clean-energy tax credit deadline looms.
DuPont Reverse Split Distorts Analyst Targets, Stock Drops 5%
DuPont shares fell 5.08% after a 1-for-3 reverse split, with mixed analyst targets causing valuation confusion despite reaffirmed guidance.
Chevron Shares Dip as Oil Plunges, AI Power Deal Offers Growth Hope
Chevron shares slipped 0.69% as oil prices tumbled over 3%, while a new Microsoft data center power deal offers potential for steadier revenue. The market weighs near-term oil risks against long-term AI infrastructure growth.
Intuitive Surgical Stock Holds Above $400 as Analysts Split Ahead of Q2 Earnings
Intuitive Surgical (ISRG) closed at $404.70, barely above its 52-week low, as analysts hold mixed views ahead of Q2 earnings on July 16. High volume from FTSE Russell rebalancing adds pressure on the $400 support level.