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BofA Lifts Tesla Price Target, Calls It the Leader in Physical AI but Warns Valuation Looks Overstretched
Bank of America (BofA) raised its price target on Tesla (NASDAQ:TSLA) to $471 from $341, while reiterating a Neutral rating, describing the electric vehicle maker as the clear frontrunner in the emerging field of “physical AI” but cautioning that its current valuation appears lofty. The revised target is derived from a sum-of-the-parts (SOTP) analysis that…
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Boeing Posts Wider-Than-Expected Core Loss as 777X Program Triggers $4.9 Billion Charge
Boeing (NYSE:BA) reported a steeper-than-anticipated core loss for the third quarter, weighed down by a multibillion-dollar charge tied to fresh delays in its long-troubled 777X jet program. For the quarter ended in September, the aerospace manufacturer posted an adjusted core loss of $7.47 per share, narrowing from last year’s $10.44 but significantly worse than the…
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UBS Says iPhone 17 Demand Outpaces Expectations Across Several Models
UBS reported that Apple’s (NASDAQ:AAPL) latest iPhone 17 lineup is showing stronger-than-expected demand signals, particularly for premium models, according to the bank’s latest supply chain and availability checks. While overall iPhone 17 wait times remained stable or slightly shorter week over week, UBS noted a notable year-over-year increase for some versions. Data from the firm’s…
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Nvidia Poised to Drive Further Gains on Wall Street as Fed Decision Looms
U.S. equity futures pointed higher on Wednesday, suggesting Wall Street could extend its recent rally as investors await the Federal Reserve’s latest policy announcement and ride the momentum of technology stocks. Nvidia (NASDAQ:NVDA) looks set to remain the market’s main driver, jumping 3.6% in pre-market trading and inching closer to an unprecedented $5 trillion market…
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Dollar firms ahead of Fed decision amid rising hopes for U.S.-China trade breakthrough
The U.S. dollar strengthened on Wednesday, supported by renewed optimism about a potential U.S.-China trade agreement and cautious positioning ahead of the Federal Reserve’s interest rate decision later in the day. At 05:20 ET, the Dollar Index, which measures the greenback against six major peers, rose 0.3% to 98.787, recovering from two straight sessions of…
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ITT shares climb 3.5% after strong Q3 results and raised full-year outlook
ITT Inc. (NYSE:ITT) shares rose 3.5% on Wednesday after the diversified industrial company reported third-quarter earnings and revenue above Wall Street expectations, fueled by robust demand across aerospace, defense, and pump projects. The company posted adjusted earnings of $1.78 per share, beating the $1.67 analyst consensus, while revenue increased 13% year over year to $999.1…
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ESAB shares slip despite strong Q3 results and upgraded full-year outlook
ESAB Corporation (NYSE:ESAB) delivered better-than-expected third-quarter results on Wednesday, supported by solid organic growth and strong contributions from its Equipment and Automation division, yet its shares fell 1.93% in premarket trading as investors reacted cautiously to the update. The company posted adjusted earnings of $1.32 per share, beating analyst expectations of $1.27, while revenue climbed…
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Caterpillar shares climb 5% after strong Q3 results beat expectations
Caterpillar Inc. (NYSE:CAT) shares jumped 4.9% in early trading Wednesday after the industrial giant posted third-quarter earnings and revenue well above forecasts, fueled by resilient global demand and solid execution across its core businesses. The company reported adjusted earnings of $4.95 per share, easily topping the $4.55 analyst consensus, while revenue climbed 10% year-over-year to…
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United Therapeutics posts record revenue but misses Q3 earnings expectations
United Therapeutics Corporation (NASDAQ:UTHR) reported record third-quarter revenue but fell short of Wall Street earnings estimates, sending shares down 0.08% in premarket trading Wednesday. The biotech company posted revenue of $799.5 million, a 7% year-over-year increase from $748.9 million, but slightly below analyst expectations of $812.87 million. Adjusted earnings per share came in at $7.16,…
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Smurfit Westrock shares dip 2% after earnings miss outweighs solid revenue growth
Smurfit Westrock plc (NYSE:SW) shares fell 2.41% in premarket trading Wednesday after the paper-based packaging group missed third-quarter earnings estimates, even as revenue came in above forecasts and profitability improved year-over-year. The company reported adjusted earnings per share of $0.58, falling short of the $0.72 analyst consensus. However, revenue rose 4.3% year-over-year to $8 billion,…