ADVFN US – Market Content Editor

Despite a recent dip in U.S. equities, JPMorgan analysts anticipate that the S&P 500’s next significant move will be upward. “The SPX fell 2.6% last week, trimming the MTD gain to 4.2% and pushing the YTD return back into negative territory, -1.3%,” the firm noted. However, they view this decline as a temporary correction rather…

Morgan Stanley analysts believe a 25% import tariff on iPhones won’t be enough to compel Apple Inc. (NASDAQ:AAPL) to move its iPhone manufacturing back to the United States. “While ‘time to market’ of a U.S.-produced iPhone is one major impediment, our math says a 25% tariff on iPhone imports isn’t enough incentive for Apple to…

SoundHound AI (NASDAQ:SOUN) saw its stock climb 5% in premarket trading Tuesday after Piper Sandler initiated coverage with an Overweight rating and a price target of $12. The investment firm described the voice-AI company as a “direct play on the A.I revolution,” thanks to its robust conversational technology. Piper Sandler’s analysts highlighted SoundHound’s architecture—which combines…

Shares of PDD Holdings Inc DRC (NASDAQ:PDD), the parent company of fast-growing e-commerce platform Temu, plunged more than 18% following a weaker-than-expected financial performance for the first quarter of fiscal 2025. The Chinese online retail giant reported earnings per share of RMB11.41, falling significantly below the RMB19.44 consensus estimate. Revenue for the quarter climbed 10%…

Coupang LLC (NYSE:CPNG) shares surged to a new 52-week high, touching $27.89, as investors responded favorably to the company’s recent performance and strategic direction. The South Korean e-commerce powerhouse now boasts a market capitalization of $51 billion, fueled by nearly 21% revenue growth over the past year. This recent rally marks a strong rebound for…

Nvidia (NASDAQ:NVDA) could be gearing up for a strong post-earnings rally, according to Lynx Equity, which has lifted its price target on the chipmaker from $140 to $160. The firm suggests that muted market expectations may be underestimating Nvidia’s potential. “After a couple of quarters of inline results, we think NVDA has the potential to…

The latest data from the Conference Board reveals a notable upswing in U.S. consumer confidence, surpassing both forecasts and previous trends. The Consumer Confidence Index climbed to 98.0, far exceeding the expected 87.1 and significantly above April’s revised figure of 86.0. This sharp rise in sentiment points to a renewed sense of optimism among American…

UBS analysts are signaling a cautious outlook for Rivian Automotive (NASDAQ: RIVN), pointing to waning consumer enthusiasm for electric vehicles (EVs) and pricing pressures as potential obstacles to the company’s near-term growth. Insights from the bank’s latest 2025 UBS Evidence Lab Global EV Survey suggest that overall demand for EVs is cooling, and Rivian could…

Vertical Aerospace Ltd (NYSE:EVTL) saw its stock surge by 6.1% after announcing a historic achievement in the electric aviation space. The company successfully completed the first piloted wingborne flight of a winged electric vertical take-off and landing (eVTOL) aircraft in open European airspace—a major advancement for both the firm and the broader eVTOL industry. The…

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders plunged by 6.3 percent in April after surging by a downwardly revised 7.6 percent in…