Albemarle Jumps as Chinese language Lithium Mine Halts Operations
55 minutes in the past
Albemarle (ALB) shares surged Thursday as lithium costs rose amid reviews that a big lithium mine in China halted operations, easing issues about an oversupply.
Shares of the world’s largest lithium miner have been up almost 9% in late buying and selling, main beneficial properties within the S&P 500. Sociedad Quimica y Minera, or SQM (SQM), noticed its shares rise shut to eight%.
China’s Zangge Mining Co. stated authorities officers informed the corporate to halt unlawful operations at a mine in Qinghai province and comply with pointers governing lithium assets, in line with Bloomberg. The report stated the corporate is engaged on getting ready paperwork to use to renew output.
Individually, analysts from RBC Capital Markets on Thursday lifted their value goal for Albemarle inventory to $80 from $76 and reiterated an “outperform” score, whereas noting a key weak spot from persistently low lithium costs as a result of oversupply. Albemarle is ready to report second-quarter outcomes after the closing bell on July 30.
Albemarle’s Thursday transfer introduced the inventory above $76 in latest buying and selling, simply above the $75 imply of analysts surveyed by Seen Alpha. 4 of the 12 analysts give the inventory a “purchase” or equal score, in contrast with seven “maintain” scores, and one “promote.”
Even with Thursday’s beneficial properties, the shares have misplaced near 12% of their worth for the reason that begin of the yr.
–Aaron McDade
CSX, Norfolk Southern Acquire on Union Pacific Deal Speak
1 hr 2 min in the past
Shares of railroad operators CSX (CSX) and Norfolk Southern (NSC) climbed Thursday on a report suggesting they could be targets of a takeover bid by larger rival Union Pacific (UNP).
CSX and Norfolk Southern shares have been up greater than 3% in latest buying and selling, whereas Union Pacific shares declined greater than 1%.
Semafor stated Union Pacific has employed Morgan Stanley to look into buying one other rail provider. The report famous CEO Jim Vena has mentioned creating the nation’s first transcontinental line, and that it might imply including an East Coast provider reminiscent of CSX or Norfolk Southern.
Semafor added that the Trump administration’s push to spice up U.S. manufacturing might make a merger of main railroads extra palatable to regulators. If it struck a deal, Union Pacific might argue {that a} coast-to-coast railroad would compete higher with the trucking trade, which carries greater than 70% of home freight, Semafor stated.
A Union Pacific spokesperson informed Investopedia the corporate “doesn’t touch upon rumor or hypothesis.”
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Shares of Union Pacific are little modified for the reason that begin of the yr, whereas CSX and Norfolk Southern have gained.
–Invoice McColl
Lucid Shares soar on Robotaxi Partnership With Uber
2 hr 42 min in the past
Rideshare big Uber Applied sciences (UBER) stated Thursday it is partnering with electrical car startup Lucid Group (LCID) and self-driving software program maker Nuro to develop robotaxis and produce them to Uber’s community.
Lucid shares have been up almost 40% in latest buying and selling on the information, bringing them again into optimistic territory for the yr, whereas Uber shares have been little modified Thursday after hitting a file excessive final week.
The autos are anticipated to launch in a yet-to-be-named “main US metropolis” late subsequent yr, and Uber stated it’s trying so as to add at the least 20,000 self-driving Lucid autos to its platform over the following six years in a bigger variety of markets. As a part of the deal, Uber is investing a whole bunch of tens of millions of {dollars} in Lucid and Nuro.
Lucid Gravity EVs on show on the New York auto present in April.
Bing Guan / Bloomberg / Getty Pictures
Lucid’s first Nuro-enhanced prototype car is presently testing its autonomous driving capabilities at Nuro’s facility in Las Vegas, the businesses stated. As soon as the prototype is confirmed to be efficient, Lucid will begin manufacturing a few of its Lucid Gravity SUVs with the mandatory {hardware} to make use of Nuro’s self-driving software program.
Wedbush analysts stated in a be aware following the announcement that the deal might current some dangers for Uber, because it might hurt Uber’s relationship with Google dad or mum Alphabet’s (GOOGL) Waymo. They added Lucid and Nuro’s manufacturing and know-how talents might additionally show incapable of scaling as quick as Uber needs. The analysts wrote that different robotaxi makers like Waymo and Tesla (TSLA) have scale and know-how benefits over Lucid and Nuro.
The collaboration is the most recent in a string of autonomous driving partnerships for Uber, having not too long ago expanded its work with Waymo in Atlanta, and inked offers with different autonomous car and software program makers to deliver self-driving robotaxis to market in a number of nations around the globe.
The robotaxi market is changing into more and more aggressive, with Tesla launching its personal long-awaited service in Austin, Texas final month. Financial institution of America analysts not too long ago recognized dozens of corporations that might profit from the rising market, together with chipmaker Nvidia (NVDA) and Caterpillar (CAT).
–Aaron McDade
Sarepta Soars on Restructuring Plans
2 hr 58 min in the past
Shares of drug developer Sarepta Therapeutics (SRPT) surged Thursday following the late-Wednesday information that the corporate would shrink its workforce and pause a number of developmental initiatives as a part of a restructuring plan.
The plan, the corporate stated, is meant to “prioritize high-value, excessive affect packages, meet its 2027 monetary obligations, and assist its long-term monetary viability.” CEO Doug Ingram stated in an announcement that the most recent strikes “will guarantee we stay a financially robust and worthwhile group constructed on a sharpened and centered technique.”
Sarepta shares have been up 18% in latest buying and selling, although they’re nonetheless down greater than 80% for the reason that begin of 2025. The inventory is buying and selling at under $22 a bit greater than a yr after it commanded $160 per share.
A part of the rationale its shares have dropped so dramatically: Two sufferers who have been utilizing its Elevidys drug for Duchenne muscular dystrophy died of acute liver failure, contributing to a call to cease shipments for some sufferers. The corporate on Wednesday stated it continues to work with the Meals & Drug Administration about labeling for Elevidys and to check methods to make sure its security.
Wall Road analysts, in the meantime, seem to assume extra restoration is so as. The imply value goal on the shares, in line with Seen Alpha, is nearer to $37.
–David Marino-Nachison
GE Aerospace Shares Slip Regardless of Sturdy Earnings
3 hr 11 min in the past
GE Aerospace (GE) raised its full-year outlook and reported higher second-quarter outcomes than analysts had anticipated.
The previous Common Electrical division stated it now expects adjusted income to develop within the mid-teens vary this yr, from low double digits beforehand, whereas adjusted EPS is projected from $5.60 to $5.80. GE Aerospace additionally lifted some long-term targets like income and profitability expectations for 2028.
The corporate reported a 21% soar in second-quarter income from the identical time a yr in the past to $11.02 billion, whereas adjusted earnings per share got here in at $1.66. Each have been higher than analysts had anticipated, per estimates from Seen Alpha.
Income within the second quarter jumped 30% in GE Aerospace’s business engines and companies phase, as the corporate credited strong demand for brand spanking new engines and spare components and repairs to older engines.
GE Aerospace shares have considerably outperformed the S&P 500 for the reason that begin of the yr.
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Shares have been down about 1% in latest buying and selling, giving up early beneficial properties following the discharge. They’ve added almost 60% for the reason that begin of the yr.
–Aaron McDade
Abbott Shares Drop on Revised Outlook
4 hr 13 min in the past
Abbott Laboratories (ABT) shares slumped Thursday after the drugmaker narrowed its full-year outlook, even because it posted better-than-expected quarterly outcomes, as demand for COVID-19 checks declines.
The shares have been down almost 9% in latest buying and selling, among the many worst performers within the S&P 500. Nonetheless, they’ve added about 6% for the reason that begin of the yr.
The corporate stated it now sees full-year adjusted earnings per share of $5.10 to $5.20, in comparison with its earlier outlook of $5.05 to $5.25 per share.
Within the second quarter, gross sales at Abbott’s Diagnostics unit dropped 1% year-over-year to $2.28 billion, dragged down by COVID-19 testing gross sales, which slid 46% to $55 million. Its Diet phase’s gross sales have been up 2.9% to $2.21 billion, they usually grew 6.9% to $1.38 billion at its Established Prescribed drugs division.
General, second-quarter adjusted EPS got here in at $1.26, with income rising 7.4% to $11.14 billion. Each figures exceeded analysts’ forecasts compiled by Seen Alpha.
CEO Robert Ford stated the corporate had a robust first half of the yr, and that it sees “this momentum carrying into 2026.”
TSMC Rises as Chips Big Boosts Income Outlook
4 hr 29 min in the past
Taiwan Semiconductor Manufacturing Co. (TSM) boosted its full-year income progress projection to round 30%, with robust AI demand fueling outcomes on the world’s largest contract chipmaker.
Shares of the corporate, which works with tech heavyweights Apple (AAPL) and Nvidia (NVDA), have been 4% larger in latest buying and selling. The inventory has now gained 25% for the reason that begin of 2025.
The corporate expects its 2025 income to rise round 30% in U.S greenback phrases, TSMC CEO C.C. Wei stated within the firm’s second-quarter earnings name, in line with a transcript offered by AlphaSense. In April, Wei had stated he anticipated the chipmaker’s full-year income to rise by “near mid-20s %.”
CEO C.C Wei speaks on the TSMC shareholders’ assembly final month.
I-Hwa Cheng / AFP / Getty Pictures
The chipmaker stated it expects income of between $31.8 billion and $33 billion in the course of the third quarter. On the midpoint of the vary, that was larger than Seen Alpha’s consensus estimate of 932.04 billion New Taiwan {dollars}, or about $31.67 billion.
In the meantime, the corporate registered second-quarter earnings per share of 15.36 New Taiwan {dollars} on income that rose 39% year-over-year to NT$933.79 billion. Analysts polled by Seen Alpha anticipated NT$14.6 and NT$929.79 billion, respectively.
–Nisha Gopalan
PepsiCo Soars After Higher-Than-Anticipated Outcomes
5 hr 52 min in the past
PepsiCo (PEP) shares surged Thursday after the beverage and snack meals big affirmed its outlook and in addition posted better-than-estimated quarterly outcomes.
The maker of Pepsi soda and Doritos and Cheetos chips reported adjusted earnings per share of $2.12 on gross sales of $22.73 billion. Analysts surveyed by Seen Alpha had anticipated $2.06 and $22.35 billion, respectively.
“Our worldwide enterprise momentum continued, whereas our North America companies improved their execution and competitiveness in key subcategories and channels,” CEO Ramon Laguarta stated. Whereas North American revenues rose 1% year-over-year, quantity dropped by 2%.
PepsiCo stated it continued to count on EPS to be “roughly even with the prior yr” in constant-currency phrases. The corporate additionally stated it expects a 1.5% year-over-year decline in core EPS in 2025 versus its earlier 3% decline projection, with Laguarta crediting the weaker U.S. greenback for the development in earnings forecast.
“We’re inspired by the acceleration in our web income progress versus the earlier quarter with our companies successfully navigating via a difficult setting,” Laguarta stated.
Even with at the moment’s large acquire, PepsiCo shares stay down about 5% for the reason that begin of 2025, considerably trailing the efficiency of rival Coca-Cola and the benchmark S&P 500 index.
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PepsiCo shares have been up greater than 6% not too long ago and have been among the many large gainers within the S&P 500 Thursday.
–Nisha Gopalan
Why MP Supplies is Sliding After Hovering in Current Weeks
7 hr 4 min in the past
A scorching firm is cashing in—and its shares are falling.
After almost doubling in worth during the last week and shutting Wednesday at a file excessive, shares of MP Supplies (MP) are sinking after the uncommon earths miner introduced plans to promote new inventory.
MP’s shares began shifting decrease after yesterday’s closing bell, when MP Supplies stated it was planning to lift at the least $500 million via the sale of recent shares. Early Thursday, the corporate put out one other launch saying that it will promote simply over 11.8 million shares at $55 per share for a complete providing value $650 million.
MP Supplies shares have been down greater than 5% in early buying and selling at the moment after closing at $58.55 on Wednesday.
The corporate stated it plans to make use of the proceeds “to fund the acceleration and enlargement of our operations,” together with the development of a second home magnet manufacturing facility, together with different “strategic progress alternatives and for common company functions.”
MP Supplies’ inventory has surged currently as the corporate introduced investments from the Division of Protection and Apple (AAPL). The Trump administration has stated it’s a precedence to make the U.S. much less reliant on different nations for the supplies utilized in a wide range of applied sciences and merchandise.
–Aaron McDade
Watch These AMD Ranges as Inventory Continues Surging
7 hr 36 min in the past
Superior Micro Gadgets (AMD) shares climbed once more Wednesday amid optimism in regards to the firm’s plans to restart exports of its MI308 chips to China as soon as it receives ultimate approval from U.S. authorities.
Reviews that the U.S. Commerce Division had knowledgeable the corporate that it’ll as soon as once more assessment functions for licenses to promote the chips in China despatched AMD shares greater than 6% larger on Tuesday. The inventory gained one other 3% Wednesday, closing at round $160, its highest degree since late October.
Rival chip big Nvidia (NVDA) had introduced late Monday that it deliberate to renew exports of its H20 chips to China after receiving assurances from the Trump administration that the restrictions that have been imposed in April can be lifted. AMD had beforehand stated it anticipated to face costs of as much as $800 million associated to the export of its MI308 chip, whereas Nvidia anticipated the curbs to value it $5.5 billion.
AMD shares have greater than doubled since hitting their low for the yr in early April. The inventory is up 33% thus far in 2025, outpacing Nvidia’s 28% year-to-date acquire.
Supply: TradingView.com.
AMD shares gapped above a good rectangle formation in Tuesday’s buying and selling session, laying the groundwork for a continuation transfer larger. Importantly, the breakout occurred on the best quantity since mid-June, suggesting shopping for conviction from bigger market members. Furthermore, the relative power index confirms bullish momentum, although it additionally flashes overbought situations with a studying above the indicator’s 70 threshold.
It’s additionally value noting that the 50-day shifting common crossed above the 200-day MA on Wednesday to kind a golden cross, a chart sign that signifies the beginning of a brand new pattern larger.
Traders ought to watch key overhead areas on AMD’s chart round $187 and $215, whereas additionally monitoring necessary assist ranges close to $148 and $123.
Learn the total technical evaluation right here.
–Timothy Smith
Main Index Futures Combined
8 hr 14 min in the past
Futures tied to the Dow Jones Industrial Common have been down 0.2% not too long ago.
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S&P 500 futures edged decrease.
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Nasdaq 100 futures rose fractionally.
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