Daily News Round Up
Monday, 30 Jun 2025
- Equity Markets Show Resilience Amidst Shifting Macroeconomic Landscape: Despite ongoing economic uncertainties, including concerns about stagflation and potential recession, equity markets continued to demonstrate strength, with the S&P 500, NASDAQ Composite and Dow Jones Industrial Average hitting record highs. This positive momentum was supported by easing inflation data, optimistic trade developments, and expectations of potential interest rate cuts by the Federal Reserve, with the market now assigning a 91.5% probability of a rate cut in September (FMP, Market Watch).
- Geopolitical Tensions & Trade Dynamics Continue to Influence Market Sentiment: A relative de-escalation in geopolitical tensions in the Middle East, alongside progress on U.S.-China trade negotiations, and a finalized U.S.-Canada trade deal provided a boost to Asian and U.S. equity markets. Renewed optimism around a comprehensive trade agreement, combined with easing of conflicts, drove investor confidence, particularly in sectors sensitive to global trade flows (FMP, Seeking Alpha).
- Interest Rate Expectations Drive Market Volatility and Sector Rotation: Market expectations for Federal Reserve rate cuts increased significantly throughout the week, now at 91.5% for September, pushing the U.S. dollar to multi-year lows and supporting risk assets. However, analysts cautioned that potential rate cuts driven by economic weakness could be less supportive for equity markets than cuts implemented in response to receding inflation (FMP, Market Watch).
- Sector Performance Diverged Amidst Shifting Economic Outlook: While overall market indices advanced, sector performance was mixed. Energy stocks faced selling pressure as oil prices declined, while technology and semiconductor sectors received positive attention from analysts citing AI-driven growth potential, and automation investment, as shown by a UBS survey where 67% of respondents are planning to increase spending. Several brokerages issued bullish calls on tech stocks like Nvidia and Microsoft, while spotlighting resilience in automotive warehouse automation (FMP, FMP).
- Corporate Earnings and Guidance Provide Mixed Signals: Corporate earnings reports presented a mixed picture, with some companies, like Apogee Enterprises and Nike, exceeding expectations and raising guidance, while others, like Concentrix, missed estimates. Insider selling activity at Nvidia, exceeding $1 billion in the past year, alongside overall positive performances such as EMCOR Group’s positive analyst coverage highlights the complexity of the current earnings environment and requires nuanced individual stock analysis (FMP, FMP).
What happened over the weekend?
Macro
Economic Growth: U.S. equity futures rose Sunday evening: S&P 500 Futures were up 0.3% at 6,241.75, Nasdaq 100 Futures increased 0.4% to 22,841.75, and Dow Jones Futures gained 0.5% to 44,342.00. Last week, the S&P 500 closed at a record high, up 0.5%, the NASDAQ Composite also hit a record close, up 0.5%, and the Dow Jones Industrial Average rose 1.0%, nearing its historical peak. The positive performance was driven by softer inflation data and expectations of near-term interest rate cuts, alongside progress in U.S. trade negotiations and de-escalation in the Middle East. On Saturday, the U.S. Senate approved a procedural vote of 51-49 to begin debate on President Trump’s “One Big Beautiful Bill,” which includes tax cuts, domestic spending reforms, and border security allocations. Up to 20 hours of Senate debate are scheduled before a final vote, with leaders aiming to conclude proceedings before the July 4 holiday. The Congressional Budget Office estimates the bill could add approximately $3.3 trillion to the deficit over the next decade. A key deadline is July 9 for new tariffs. (FMP)
Economic Growth: German retail sales fell by 1.6% in May compared with the previous month, data showed on Monday. (Reuters)
Economic Growth: Given how difficult it remains discerning between disinflation and stagflation, Friday’s economic status and price action did little to clarify definitively. To sum up: Disinflation or stagflation. (See It Market)
Economic Growth: Markets Weekly Outlook – June U.S. NFP, Global PMIs And German Employment (Seeking Alpha)
Economic Growth: US stocks hit record highs as S&P500 and Nasdaq surge. Trade hopes, inflation data, and tech stocks drive a bullish forecast for US indices today. (FXEmpire)
Economic Growth: “Those are some crazy numbers.” (Forbes)
Economic Growth: There has been no shortage of bad news this year for equities. Despite lingering concerns over Fed policy, tariffs, and unsettling geopolitical headlines, the S&P 500 continues to grind higher and is hovering around all-time highs. (Seeking Alpha)
Geopolitics: Stagflation risks, rising recession odds, and shifting global power dynamics are reshaping the investment landscape—forcing investors to rethink where safety and opportunity truly lie. Eric Fine recently joined ABC News In-depth to discuss the current outlook for the global economy and the impact from the escalating conflict in the Middle East. (ETF Trends)
Geopolitics: How Mideast tensions are impacting risk management. Potential safe-haven plays as Mideast tensions continue. (Seeking Alpha)
Inflation: Central bankers have conceded that they underestimated the impact of interruptions to supply on prices, having been more used to focusing on demand surges as a source of inflation. (WSJ)
Inflation: The European Central Bank pledged on Monday to react with equal vigour when inflation was too high as when it was too low, as it braced for five more years of economic upheaval. (Reuters)
Inflation: Credit is produced. Repeat the previous truth over and over again, and after internalizing the simple truth that we borrow money for what it can exchanged for. (Forbes)
Inflation: Minimal Movement – The May 2025 Consumer Price Index grew by 0.1%, bringing the 12-month increase to 2.4%. The indexes for shelter and food both increased by 0.3%, while the energy index decreased by 1.0% (source: U.S. Bureau of Labor Statistics). (ETF Trends)
Inflation: Consumer confidence got a rebound headed into summer. [contact-form-7] The University of Michigan’s June Consumer Sentiment Index, released Friday (June 27), recorded a 16% surge from May, marking its first increase in six months. (PYMNTS)
Inflation: It’s been an eventful week in terms of stock market information, leading to new all-time highs — or very near — on the major indexes. That doesn’t mean all the news was great; it does mean that the biggest potential headwinds have thus far missed the marketplace, and may have already blown past us. (Zacks Investment Research)
Interest Rates: The U.S. dollar weakened on Monday, with the U.S. Dollar Index (DXY) falling 0.1% to 97.083, nearing its lowest level in more than three years (96.933 last week). USD/JPY, EUR/USD (hovered near a four-year high), GBP/USD (highest since mid-2021), and USD/CHF (decade-low) also declined. The market now assigns a 91.5% probability of a Federal Reserve rate cut in September, up from 83% the previous week, according to the CME FedWatch Tool. Fed Chair Jerome Powell’s testimony suggested rate cuts are possible if inflation remains muted. President Trump publicly criticized Powell, reiterated his desire for the federal funds rate to be slashed to 1%, and suggested he may appoint a more dovish Fed chair if Powell resigns. The upcoming Non-Farm Payrolls report on Friday carries asymmetric risk for the dollar. The Congressional Budget Office (CBO) projects Trump’s proposed tax and spending bill could add $3.3 trillion to the national debt over 10 years. (FMP)
Interest Rates: Equities may have already started to price in more Fed interest rate cuts (Market Watch)
Interest Rates: If, at the beginning of the year, anyone had predicted what actually happened in the first half of 2025, they would have been ridiculed and dismissed as delusional. The dollar downtrend accelerated last week amid increasing talk of rate cuts to come in the second half. (Seeking Alpha)
Interest Rates: The market is getting increasingly excited about the possibility of interest-rate cuts from the Federal Reserve, but London-based strategists at JPMorgan say the reasons behind the reductions are not likely to be supportive for stocks. (Market Watch)
Interest Rates: Lending growth was little changed across the euro zone in May, indicating that the support provided by the European Central Bank’s string of interest rates cuts was offset by souring economic sentiment, data from the ECB suggested on Monday. (Reuters)
Interest Rates: The June jobs report will likely show continued employment growth, with the labor market softening and government job declines offset by gains in leisure, healthcare, and hospitality. The Federal Reserve is expected to keep rates steady in July, as inflation remains above target and job market conditions are still considered solid. (Seeking Alpha)
Interest Rates: U.S. President Donald Trump said on Friday he would “love” if Federal Reserve Chair Jerome Powell were to resign, and the president also said he wanted interest rates cut to 1%. (Reuters)
Interest Rates: Twenty-two of the largest banks in the U.S. are well-positioned to weather a hypothetical severe economic downturn and continue lending, with firms maintaining robust capital levels even after suffering hundreds of billions of dollars in losses, the Federal Reserve reported on Friday. (Reuters)
Interest Rates: Market exuberance is effectively buying the Fed more time to keep interest rates on hold. (Barrons)
Interest Rates: Friday’s rally in U.S. stocks, which sent the S&P 500 to an intraday record high, was getting help from solidifying expectations of traders around the likelihood of at least three quarter-point rate cuts from the Federal Reserve by year-end. (Market Watch)
Interest Rates: A fractured Fed gives the president more ammunition and further fuels the narrative that the Fed is too late in cutting rates. (Barrons)
Interest Rates: U.S. nonfarm payrolls figures for June will be closely watched because evidence of a weak job market could increase speculation that the Federal Reserve could cut interest rates soon. (WSJ)
Interest Rates: The Fed’s decision to hold rates is overly hawkish, ignoring weakening economic signals in housing and employment. Current market conditions mirror 2007, with bullish sentiment masking deteriorating fundamentals and rising recession risks. (Seeking Alpha)
International relations: Most Asian stock markets rose on Monday, capping a strong June performance. Japan’s Nikkei 225 jumped 1.6%, reaching its highest level since July last year, and is up 8% in June, its third consecutive monthly gain. South Korea’s KOSPI increased by 0.8% on Monday and 14% in June. China’s Shanghai Composite rose 0.3% on Monday and 2.2% in June, while the Shanghai Shenzhen CSI 300 increased 0.1% on Monday and over 2% in June. Hong Kong’s Hang Seng declined 0.6% on Monday but is up 3.5% month-to-date. These gains are partially attributed to accelerating trade negotiations with the U.S., with a July 9 tariff deadline, and a finalized U.S.-China trade agreement. A ceasefire between Israel and Iran, brokered by Trump, also supported the rally. (FMP)
International relations: Most Asian currencies advanced on Monday, supported by signs of stabilization in Chinese business activity and a weakening U.S. dollar, which reached its lowest level in over three years. The U.S. Dollar Index (DXY) fell 0.2% in Asian trading hours, adding to last week’s losses. The Chinese yuan appreciated, with USDCNY down 0.1%, reaching its strongest level since November. China’s June PMIs showed a smaller-than-expected contraction in the manufacturing sector, while services activity improved; the manufacturing PMI remained below 50 for a third straight month. The South Korean won strengthened 0.3%. The Japanese yen was little changed. The Indian rupee traded flat. The Singapore dollar was stable. Most Asian currencies are on track to post monthly gains for June. The sweeping tax and spending cut bill in the U.S. Senate may widen the federal deficit. The U.S.–China tariff rollback agreement was finalized in May. (FMP)
International relations: Senate debates spending megabill as deadline looms, U.S.-Canada trade talks restart after tech tax scrapped, and more news to start your day. (Barrons)
International relations: U.S. stock futures rose sharply early Monday amid revived hopes of a swift U.S.-Canada trade deal. The tech-heavy Nasdaq Futures index saw the biggest bump, rising 0.61% to 22,890 points. (Forbes)
International relations: Canada rescinds digital-services tax in bid to salvage U.S. trade discussions (WSJ)
International relations: Stocks shook off a midday stupor for a final-hour dash, closing the week on a strong note. The US and China dusted off their Geneva handshake and affirmed a framework to implement May’s grand bargain away from trade-war maximalism. (Seeking Alpha)
International relations: Major equity indexes including the S&P 500 tallied their first record closing highs in months on Friday, but something happened on the way to the closing bell that left a bad taste in some traders’ mouths. (Market Watch)
International relations: Stocks enjoyed a stellar week, thanks to easing Middle East tensions and a trade deal between the U.S. and China. (Schaeffers Research)
Labour: Much could depend on the only jobs report left before the July FOMC meeting. (Barrons)
Labour: Labor market cracks may soon be confirmed, potentially triggering a dramatic shift in rates, yield curves, and volatility. Job openings and hiring rates are declining, with rising jobless claims and continuing claims signaling a weakening employment picture. (Seeking Alpha)
Labour: Hiring is slowing, claims for unemployment benefits are rising, and consumers are retrenching. (Barrons)
Market Sentiment: The first half of 2025 was marked by major intraday swings and volatility. And Goldman Sachs expects even higher equity volatility in the second six months of the year. (CNBC)
Market Sentiment: Optimism from S&P 500 company executives on earnings calls during the second quarter fell to its lowest level in two years, according to an S&P Global Market Intelligence analysis. As market uncertainty and volatility soared as Trump’s tariffs on nearly all global trading partners began to take shape, average net positivity on S&P 500 earnings calls from April through June tumbled to 1.09 from 1.34 the previous quarter. (Seeking Alpha)
Policy: Markets today look to extend record highs as traders watch the Trump bill, Chicago PMI data, and Fed speakers for fresh session cues. (FXEmpire)
Policy: The BIS said doubts have been raised about the Trump administration’s commitment to central bank independence, but added the president’s comments don’t necessarily represent a threat to the Fed’s autonomy. (WSJ)
Policy: Public calls for lower interest rates of the kind directed by President Trump toward Federal Reserve Chair Jerome Powell are not a threat to a central bank’s independence as long as there is societal support for its autonomy, the Bank for International Settlements said Sunday. The Switzerland-based BIS is owned by most of the world’s leading central banks, although not the Fed, and has long provided a forum to policymakers for sharing ideas and concerns. (WSJ)
Policy: Wall Street’s focus next week will be on Senate Republicans’ push to pass President Donald Trump’s sweeping “One Big Beautiful Act” legislation, and key labor market data. (Seeking Alpha)
Policy: Fed Chair Powell reiterated uncertainty over the effects of tariffs on prices. And for all the concern about labor markets, the real problem there, particularly with deportations, is too few workers, not too few jobs. (Barrons)
Policy: The unpredictable nature of U.S. policy creates ongoing uncertainty for investors that’s not likely to ease in the second half of the year. T. Rowe Price shared its updated U.S. and global market outlook, diving into the challenges and opportunities investors will navigate in the second half. (ETF Trends)
Trade: The S&P 500 has now added more than 8% since President Trump announced sweeping tariffs. (WSJ)
Trade: The trade deal signed between U.S. President Donald Trump and British Prime Minister Keir Starmer lowering some tariffs on imports from Britain has come into effect, the British government said on Monday. (Reuters)
Trade: Japan’s industrial production increased modestly in May, but the rebound is likely to be temporary due to the impact of U.S. tariffs and concerns over a global slowdown. (WSJ)
Trade: The stock market, including the Dow index, rose despite President Donald Trump nixing trade talks with Canada. The latest jobs report loom. (Investors Business Daily)
Trade: From the election last November through Liberation Day when President Trump first announced reciprocal tariff rates, the best-performing cohort of Russell 1,000 members was those that do not generate any revenues outside of US borders. One proxy for international exposure is the percentage of revenues that a company generates inside versus outside of the US. (Seeking Alpha)
Industry
Automotive: According to the UBS Evidence Lab Global Warehouse Automation Survey, 67% of respondents intend to increase automation spending. The 12-month capex growth forecast is 5.4%, down from 5.9% in 2022, with a steady 3-year CAGR of 4.2%. Realized growth last year reached 10.7%, weighted by capex size. Europe leads with a 62% net capex increase, up from 38% in 2022. Key investment drivers include technological progress (74%), labor-cost inflation (51%), and insufficient handling capacity (31%). Currently, 39% use mobile robots, with 52% planning implementation; 14% operate lights-out warehouses, and 38% are planning. 13% plan to deploy humanoid robots, with an average unit cost of $67,000, and 51% are testing or planning tests. Interest in cube storage (AutoStore, Ocado) rose from 35% to 45%. UBS maintains Buy ratings on KION, Daifuku, Kardex, Zebra, and Cognex, and Neutral on Toyota Industries, Ocado, Interroll, and Symbotic. (FMP)
Banking: For 156 years, American companies have paid investment bankers at Goldman Sachs to guide them through the process of holding an initial public offering and listing their shares on stock exchanges. But earlier this year, Goldman Sachs CEO David Solomon suggested that a lot of that work can now be done by artificial intelligence. (Market Watch)
Energy: Hedge funds sold energy stocks last week at the fastest pace since September 2024 and at the second-quickest clip in the last 10 years, as oil prices fell on easing Middle East tensions, a Goldman Sachs note seen by Reuters on Monday showed. (Reuters)
Retail: The U.S. e-commerce sector is rebounding, potentially adding 150–250 basis points to the five-year GMV CAGR due to AI shopping assistants and visual search tools. From 2022–2024, the GMV CAGR was approximately 8.5%, down from over 17% pre-COVID. Growth is forecast to slip to ~7% in 2025 before AI acceleration. Bernstein projects online retail will reach 22% of total U.S. retail by 2030, implying an 8.5% CAGR. Key beneficiaries include Amazon (AMZN), Walmart (WMT), Shein, and Temu. Etsy (ETSY), Wayfair (W), and eBay (EBAY) have underperformed but may see improvements with AI. Analysts expect rising EBIT across the sector, pushing e-commerce multiples back toward historical averages. Defensive categories like grocery, healthcare, and personal care show stronger online adoption. (FMP)
Semiconductors: This year’s Quantum.Tech USA showcased the accelerating momentum behind quantum technology, bringing together industry experts, external partners and government leaders from around the world. Quantum-centric events and conferences offer excellent insight into the state of the industry as a whole. (Seeking Alpha)
Corporate
AeroVironment (NASDAQ:AVAV): BTIG raised its price target on AeroVironment (NASDAQ:AVAV) to $300 from $225, maintaining a Buy rating. AeroVironment’s shares have increased by 43% week-to-date. The company currently trades at approximately 8x 2025 pro forma sales, compared to double-digit sales multiples often seen among private defense tech peers. BTIG believes AeroVironment’s growth potential and valuation remain attractive despite the recent rally. (FMP)
AMD / Lyft: Melius Research upgraded AMD (NASDAQ:AMD) to *Buy* with a $175 price target, citing partnerships with Saudi Arabia’s HUMAIN ($10B initiative) and UAE’s G42 to fuel AI infrastructure investments. AMD is projected to achieve $6.6B in GPU sales in 2025 and $13.1B by 2027, with EPS potentially exceeding $9 by 2028 if it captures 5% of the accelerator market. TD Cowen upgraded Lyft (NASDAQ:LYFT) to *Buy* with a $21 target, highlighting 30% year-over-year growth in Tier 2 U.S. cities and a €1B European opportunity via the FREENOW acquisition. Canada revenue for Lyft surged triple digits in 2024. Bitcoin rose 1% to $108,358, marking its third consecutive monthly gain, influenced by Canada scrapping its digital service tax, improved U.S.-China and U.S.-UK trade relations, and progress in stablecoin legislation. Freddie Mac and Fannie Mae are considering crypto collateral for mortgages. (FMP)
Apogee Enterprises: Apogee Enterprises (NASDAQ:APOG) shares rose over 8% intra-day after reporting first-quarter adjusted earnings of $0.56 per share, exceeding the $0.49 analyst estimate. Revenue increased 4.6% year-over-year to $346.6 million, surpassing the $331.1 million consensus. For fiscal year 2026, Apogee raised its net sales guidance to $1.40–$1.44 billion, up from $1.37–$1.43 billion, and adjusted EPS guidance to $3.80–$4.20 from $3.55–$4.10, anticipating a $0.35–$0.45 per share impact from tariffs in the first half of the fiscal year. (FMP)
Arteris, Inc.: Arteris, Inc. (NASDAQ: AIP) received the “AI Engineering Innovation Award” at the 2025 AI Breakthrough Awards for its FlexGen technology, which improves network-on-chip (NoC) design for AI applications. Early adopters of FlexGen have reported a tenfold productivity increase, a 30% reduction in wire length, and a 10% latency reduction. Financially, Arteris has a negative P/E ratio of -12.18, a price-to-sales ratio of 6.60, and an enterprise value to sales ratio of 6.41. The company’s debt-to-equity ratio is -0.94, a current ratio of 1.02, and an enterprise value to operating cash flow ratio of 236.35, with over 5,000 nominations received by the AI Breakthrough Awards in 2025. (FMP)
Concentrix Corporation: Concentrix Corporation (CNXC) reported second-quarter adjusted EPS of $2.70, missing the $2.78 consensus estimate. Revenue reached $2.42 billion, a 1.5% year-over-year increase, exceeding the $2.38 billion forecast. The company guided for third-quarter revenue between $2.445 and $2.47 billion and adjusted EPS of $2.80–$2.91. For full-year fiscal 2025, Concentrix forecasts revenue of $9.72–$9.815 billion and adjusted EPS of $11.53–$11.76. (FMP)
EMCOR Group, Inc.: On June 27, 2025, TD Securities initiated coverage on EMCOR Group (NYSE:EME) with a “Buy” rating, initially priced at $528.85. The stock recently closed at $500.65, a 1.22% increase, surpassing the S&P 500’s 1.11% gain, the Dow’s 1.19% rise, and the Nasdaq’s 1.43% increase. Over the past month, EME shares have risen by 6.75%, exceeding the Construction sector’s 2.35% gain and the S&P 500’s 3.92% increase. The upcoming earnings report projects an EPS of $5.68, an 8.19% increase year-over-year, and revenue of $4.1 billion, representing 11.85% growth year-over-year. Currently, EME is priced at $530.74, a 3.87% increase or $19.75, with a daily trading range of $517.65 to $532.49. Its 52-week high is $545.29, its low is $319.49, and its market capitalization is approximately $23.75 billion, with a trading volume of 193,492 shares. (FMP)
JPMorgan Chase & Co / Bank of America / Citigroup: Wall Street’s biggest banks rose in premarket trading on Monday after sailing through the Federal Reserve’s annual health check, setting the stage for billions in stock buybacks and dividends. (Reuters)
Metaplanet Inc: Metaplanet Inc. (TYO:3350), a Japanese hotelier, now holds 13,350 Bitcoin (BTC), making it the fifth-largest corporate Bitcoin holder globally. The company recently acquired 1,005 BTC for $108.1 million, with an average purchase price of $107,601 per BTC. Current total holdings are valued at approximately $1.31 billion, with an average purchase price of $97,832 per BTC. Bitcoin was trading at $108,258.5, up 1% on the day, and Metaplanet shares surged nearly 9% on the Tokyo Stock Exchange. To finance this acquisition, Metaplanet plans to issue 30 million yen (approximately $208 million) worth of zero-interest bonds. Currently, MicroStrategy holds 214,400 BTC, Marathon Digital Holdings holds approximately 17,500 BTC, Tesla holds 14,000 BTC, Riot Platforms holds approximately 13,800 BTC and Galaxy Digital holds approximately 13,000 BTC. (FMP)
Microsoft Corp / Amazon / Tesla Inc / Broadcom / AMD: Several brokerages issued bullish calls this week on technology and semiconductor stocks. Wedbush raised Microsoft’s (MSFT) price target to $600, citing enterprise AI adoption and projecting $25 billion in revenue from Copilot by FY26, backed by $80 billion in capex. JPMorgan reaffirmed Amazon (AMZN) as a “Best Idea,” estimating U.S. Prime delivers $1,430 in annual value versus a $139 fee, anticipating a $20 price hike in 2026 adding $3 billion in net sales, and noting 350 million global members. Benchmark set Tesla’s (TSLA) target at $475 following the Austin robotaxi launch, while TSLA trades 33% below its December peak. HSBC upgraded Broadcom (AVGO) to Buy with a $400 target, forecasting $28.4 billion in ASIC revenue for FY26 and $42.8 billion by FY27, representing a 48% upside. Finally, Melius Research lifted AMD to Buy with a $175 target, up from $110, citing demand for MI300/MI350 GPUs and traction for MI400. (FMP)
MSC Industrial Direct Co., Inc.: Loop Capital Markets maintains a “Hold” rating for MSC Industrial Direct Co., Inc. (NYSE: MSC) with a stock price of $3.37 as of June 27, 2025. Analysts predict third-quarter earnings per share of $1.03, down from $1.33 in the same quarter last year. Expected quarterly revenue is $969 million, a slight decrease from $979 million a year earlier. Second-quarter net sales were $891.7 million, a 4.7% year-over-year decline, and $899.54 million below consensus estimates. MSC’s stock has recently increased by 3.5%, closing at $84.77, and has seen an overall increase of approximately 9.78% (+$0.30). Over the past year, the stock has ranged from a low of $2.30 to a high of $9.30. MSC’s market capitalization is approximately $162.26 million, with a trading volume of 8,412 shares. (FMP)
Nike Inc: Nike’s (NYSE:NKE) shares increased over 18% intra-day following the release of its fiscal fourth-quarter results. Q4 sales totaled $11.10 billion, a 12% decrease year-over-year, with North American sales declining 11% to $4.7 billion. Earnings per share were $0.14, exceeding the estimated $0.12. Nike anticipates first-quarter revenue to decline by a mid-single-digit percentage, compared to analyst expectations of a 7.3% drop. Executives stated that Q4 represented the peak of financial impact from the company’s turnaround plan. (FMP)
Nvidia / Microsoft Corp: Nvidia and Microsoft were soaring as tech analysts keep releasing optimistic calls on the sector. (Market Watch)
Nvidia Inc: Nvidia insiders have sold over $1 billion in stock within the past 12 months, with more than 50% of those sales occurring in June 2025. CEO Jensen Huang, along with board members Mark Stevens, Tench Coxe, and Brooke Seawell, and EVP Jay Puri, participated in these sales, often utilizing Rule 10b5-1 trading plans. Nvidia’s market capitalization currently exceeds $3 trillion. The company’s shares are up 14% year-to-date and have quadrupled since 2023, making Nvidia the most valuable publicly traded firm globally. Last week, shares reached an all-time high. Analysts predict Nvidia’s fiscal 2026 earnings to grow by over 50%, despite stretched valuation metrics, and CEO Huang expects continued strong AI demand. (FMP)
Progress Software Corporation: John Difucci from Guggenheim set a price target of $83 for Progress Software Corporation (NASDAQ:PRGS) on June 27, 2025, representing a potential 30.2% increase from its current price of $63.75. Progress Software is expected to report earnings of $1.30 per share for the second quarter, up from $1.09 per share a year ago, and quarterly revenue of $237 million, up from $175 million a year earlier. Shares recently rose by 0.3%, closing at $63.75, with a daily high of $64.56 and a low of $63.45. Over the past year, the stock has ranged from $50.68 to $70.56. DA Davidson maintains a Buy rating, adjusting the price target from $75 to $70. Progress Software’s market capitalization is approximately $2.74 billion, with a trading volume of 408,650 shares. (FMP)
Progress Software Corporation: Guggenheim upgraded Progress Software Corporation (NASDAQ:PRGS) to a “Buy” recommendation on June 27, 2025, with a stock price of $63.75. Analysts anticipate earnings of $1.30 per share, up from $1.09 per share a year ago. Anticipated quarterly revenue is $237 million, a rise from $175 million in the previous year. Shares rose 0.3%, closing at $63.75, with a daily high of $64.56 and low of $63.45. DA Davidson maintained a Buy rating, adjusting the price target from $75 to $70. Over the past year, the stock has ranged from $50.68 to $70.56, and currently holds a market capitalization of $2.74 billion with a trading volume of 408,650 shares. (FMP)
Robinhood Markets: Goldman Sachs raised its price target on Robinhood Markets (NASDAQ:HOOD) to $91 from $82, maintaining a Buy rating. June trading volumes for equities and options exceeded Street consensus estimates by +52% and +12% respectively, while crypto volume was 16% below consensus. However, June estimated volumes were down 2% for equities, 9% for options, and 30% for crypto compared to Goldman’s own forecasts. Goldman modestly reduced its 2025 and 2026 EPS estimates by 7% and 3% respectively. (FMP)
VinFast (NASDAQ: VFS): VinFast (NASDAQ: VFS) has begun output at its second domestic factory in Ha Tinh province, adding 200,000 units of annual capacity, aiming to reach a total of 1 million vehicles per year. The 36-hectare Ha Tinh facility joins the Haiphong plant, which is targeting 950,000 units by next year. VinFast sold 56,000 units domestically in the first five months and has a 2025 delivery target of 200,000 units. Overseas expansion plans, including plants in the U.S., India, and Indonesia, are facing delays; the U.S. facility is now slated for 2028, while the India plant will start next month. In Q1, VinFast reported a net loss of $712.4 million, a 20% year-over-year increase but narrower than the prior quarter’s $1.3 billion loss. Revenue surged 150% to $656.5 million. (FMP)
Walt Disney (NYSE:DIS): Guggenheim raised its price target on Walt Disney (NYSE:DIS) to $140 from $120, maintaining a Buy rating. The firm cites improved forecasts and resilient theme park trends. Disney received $439 million from Comcast by July 24 to secure full ownership of Hulu. Fiscal Q3 segment operating income is now forecast at $4.5 billion, up from $4.4 billion, with full-year segment operating income projected at $17.7 billion, exceeding the Street consensus of $17.65 billion. Sports advertising revenue is exceeding expectations due to audience growth during the NBA Finals. (FMP)
Wells Fargo: The U.S.’s largest banks remained “resilient” after absorbing $550 billion in losses in a simulated economic shock. (Market Watch)
