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Why Nvidia's China Comeback Could Propel Its Stock To New Heights
Benzinga· 2025-07-16 19:45
Needham analyst N. Quinn Bolton maintained a Buy rating on Nvidia NVDA and raised the price forecast from $160 to $200 on Wednesday.Nvidia is preparing to resume shipments of its H20 GPUs to China after the U.S. government approved export license filings, according to CEO Jensen Huang, Bolton noted. The green light comes after April's export controls blocked $2.5 billion in H20 shipments during fiscal first-quarter 2026 and halted another $8 billion in scheduled deliveries for fiscal second-quarter 2026, th ...
J.B. Hunt Fundamentals Still Stuck In The Mud: Analyst
Benzinga· 2025-07-16 19:00
J.B. Hunt Transport Services JBHT is experiencing a modest share price increase on Wednesday as the market digests its latest earnings report.Total operating revenue for the current quarter was $2.93 billion, flat with the second quarter of 2024. Operating income for the current quarter decreased 4% to $197.3 million versus $205.7 million for the second quarter of 2024.Following the results, analysts offered their key reactions. Benchmark analyst Christopher Kuhn reiterated a Buy rating on the stock, mainta ...
Why Is Lantheus Stock Trading Lower On Wednesday?
Benzinga· 2025-07-16 18:45
Lantheus Holdings LNTH shares fell Wednesday after U.S. health agencies proposed changes to Medicare payment rules for hospital outpatient services and surgical centers starting in 2026.The proposal outlines changes in how payment rates are calculated for services under the Hospital Outpatient Prospective Payment System (OPPS) and the ASC payment system.The CMS has proposed maintaining the $140 packaging threshold for drugs, biologicals, and therapeutic radiopharmaceuticals for calendar year (CY) 2026 under ...
Stock Of The Day: Is It Time To Buy Humana?
Benzinga· 2025-07-16 18:41
Humana Inc. HUM is consolidating on Wednesday. But it may be about to reverse and rally.It is oversold and getting close to a support level, and these are bullish dynamics that could set the stage for a move higher. This is why it is the Stock of the Day.Many trading strategies and styles are based on the concept of reversion to the mean. If a stock gets overextended in one direction, there is a good chance it reverses and heads back in the other direction.Most of the time, a stock stays within its typical ...
Analysts React To BlackRock's Q2 Earnings Beat Amid Margin Pressures
Benzinga· 2025-07-16 18:11
BlackRock, Inc. BLK on Tuesday reported that second-quarter 2025 revenue grew 13% year-over-year to $5.42 billion, beating the consensus of $5.34 billion. Adjusted operating income rose 12% to $2.09 billion. Adjusted EPS increased 16% to $12.05, beating the consensus of $10.80.Also Read: Big Banks Smash Earnings Expectations But Rally Fails To Produce New FuelGoldman Sachs maintains the Buy rating on BlackRock, revising the price forecast $1,163 from $1,115.Analyst Alexander Blostein on Wednesday wrote the ...
Why Citigroup Is Still The Best Value Bet In Large-Cap Banking
Benzinga· 2025-07-16 18:03
Core Viewpoint - Citigroup has reported strong second-quarter 2025 results, leading to positive ratings and increased price forecasts from several Wall Street analysts [1][2]. Financial Performance - Citigroup's second-quarter fiscal 2025 EPS was $1.96, surpassing both analyst estimates and consensus [7]. - The bank's net interest income (NII) reached $15.2 billion, exceeding expectations by approximately $1.2 billion [7]. - NII increased by 8.3% quarter-over-quarter, while expenses grew only 1.3% [4]. Analyst Ratings and Price Forecasts - Piper Sandler's Scott Siefers raised his price forecast from $84 to $104 and maintained an Overweight rating [3]. - UBS's Erika Najarian reiterated a Neutral rating with a price forecast of $89 [3]. - Keefe, Bruyette & Woods' Christopher McGratty set a price forecast of $105 with a Buy rating [3]. Capital Returns and Guidance - Citigroup returned about $2 billion in buybacks during the quarter and is expected to increase buybacks to $3-4 billion per quarter in the second half of 2025 [10]. - The company raised its 2025 revenue guidance to approximately $84 billion [16]. Market and Investment Banking Performance - Markets revenue increased by 16% year-over-year, marking the second-best quarter since 2020 [15]. - Investment banking grew by 13% year-over-year, driven by strong advisory and ECM performance [15]. Future Outlook - Analysts express confidence in Citigroup achieving its return on tangible common equity (ROTCE) target of 10%-11% by 2026 [6][14]. - The bank is viewed as the best value among major banks, trading at 96% of tangible book value [6]. - Potential deregulation could provide significant capital relief and enhance Citigroup's attractiveness [17][18]. Stock Performance - Despite the positive sentiment from analysts, Citigroup's stock was trading lower by 1.71% to $88.48 following the earnings report [19].
Travelers Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-07-16 17:57
Earnings Report - Travelers Companies, Inc. is set to release its second-quarter earnings results on July 17, with analysts expecting earnings of $3.37 per share, an increase from $2.51 per share in the same period last year [1] - The projected quarterly revenue is $11.02 billion, compared to $10.24 billion a year earlier [1] Business Transactions - On May 27, Travelers agreed to sell its Canadian Personal Insurance business and the majority of its Canadian Commercial Insurance business to Definity for $2.4 billion [2] - Following this announcement, Travelers shares fell by 1.9%, closing at $250.62 [2] Analyst Ratings - Wells Fargo analyst Elyse Greenspan maintained an Equal-Weight rating and raised the price target from $260 to $264 [7] - Barclays analyst Alex Scott downgraded the stock from Overweight to Equal-Weight, cutting the price target from $280 to $274 [7] - Keefe, Bruyette & Woods analyst Meyer Shields maintained an Outperform rating and increased the price target from $290 to $303 [7] - Evercore ISI Group analyst David Motemaden maintained an Outperform rating and boosted the price target from $288 to $296 [7] - Jefferies analyst Yaron Kinar maintained a Hold rating and increased the price target from $265 to $270 [7]
Bank of New York Mellon Analysts Raise Their Forecasts After Upbeat Earnings
Benzinga· 2025-07-16 17:56
Bank of New York Mellon Corp. BK on Tuesday reported better-than-expected second-quarter 2025 results, topping both revenue and earnings estimates.The firm reported second-quarter adjusted earnings of $1.94 per share, up 28% from a year ago and above the Street estimate of $1.76. Revenue rose 9% year over year (YoY) to $5.03 billion, topping analysts' forecast of $4.83 billion."BNY's ongoing transformation has significant momentum. Only one year after the launch of our new commercial model last summer, we d ...
These Analysts Revise Their Forecasts On BlackRock After Q2 Earnings
Benzinga· 2025-07-16 17:51
BlackRock, Inc. BLK reported better-than-expected earnings for the second quarter on Tuesday.The company reported that second-quarter 2025 revenue grew 13% year-over-year to $5.42 billion, beating the consensus of $5.34 billion. Adjusted EPS increased 16% to $12.05, beating the consensus of $10.80.Laurence Fink, Chairman and CEO, commented, "Our expanding client relationships are resonating in higher, more diversified organic base fee growth. We generated 6% organic base fee growth for the second quarter an ...
Dow Surges Over 100 Points; Goldman Sachs Posts Upbeat Earnings
Benzinga· 2025-07-16 17:39
Market Overview - U.S. stocks traded higher, with the Dow Jones index gaining over 100 points, up 0.25% to 44,133.80, NASDAQ rose 0.09% to 20,696.02, and S&P 500 increased 0.12% to 6,251.54 [1] - Health care shares jumped by 1.2%, while energy stocks dipped by 0.3% [1] Company Performance - Goldman Sachs Group Inc. reported second-quarter results that exceeded analyst expectations, with net revenue rising 15% year over year to $14.58 billion, surpassing the consensus estimate of $13.36 billion, although it declined 3% from the prior quarter [2] - GAAP earnings for Goldman Sachs came in at $10.91 per share, up from $8.62 a year ago and above the $9.48 consensus, with first-half EPS rising to $25.07 from $20.21 a year earlier [2] Stock Movements - Aptorum Group Limited shares surged 256% to $3.45 following an all-stock merger agreement with DiamiR [8] - Nuwellis, Inc. shares increased by 121% to $15.25 after securing a U.S. patent for a blood filtering machine [8] - Rigetti Computing, Inc. shares rose 30% to $16.59 after unveiling the largest multi-chip quantum computer in the industry [8] - Soluna Holdings, Inc. shares dropped 28% to $0.5481 after announcing a $5 million public offering [8] - ASML Holding N.V. shares fell 9% to $748.09 due to concerns over 2026 growth prospects [8] - Onconetix, Inc. shares decreased by 22% to $3.5150 following a merger agreement with Ocuvex Therapeutics [8] Commodity Prices - Oil traded down 0.5% to $66.18, while gold increased by 0.7% to $3,358.70 [5] - Silver fell 0.1% to $38.085, and copper decreased by 0.9% to $5.53 [5] Economic Indicators - U.S. crude oil inventories declined by 3.859 million barrels in the week ended July 11 [11] - U.S. industrial production increased by 0.3% in June, exceeding market estimates of a 0.1% rise [11] - U.S. producer prices remained unchanged in June from May, compared to a revised 0.3% gain in the previous period [11]