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Dow Jones' revolving door: What happened to 5 companies after that were dropped from the DJIA
Yahoo Finance· 2026-02-09 14:53
However, the Dow is actually managed by a group of people: The S&P Dow Jones Indices Index Committee (more on them below), who try to make sure that the price movements of a single company don’t distort the index’s main objective, which is to be a reflection of the broader market. This committee meets monthly and makes changes to the index on an “as-needed” basis, which includes adding or removing components.Stock splits also wreak havoc on the index: When Apple ( AAPL ) split 4:1 in 2020, for example, its ...
Walmart surpasses $1T market cap, joining tech-dominated club
Proactiveinvestors NA· 2026-02-03 17:59
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Rheinmetall AG (OTC:RNMBY) Maintains Strong Position in Defense and Automotive Sectors
Financial Modeling Prep· 2026-01-31 01:06
Core Insights - Rheinmetall AG is a significant player in the defense and automotive sectors, known for its innovative military technology and automotive components [1] - Jefferies maintains a "Buy" rating for Rheinmetall, raising the price target to €2,170, reflecting confidence in the company's future performance [2][6] - The stock has received a consensus "Buy" rating from seven brokerages, indicating a positive outlook supported by recent upgrades [3][6] Stock Performance - The stock opened at $433.47 and currently trades at $421.51, showing a 2.20% decrease, with a trading range today between $418.15 and $428.98 [4] - Over the past year, the stock has experienced significant volatility, with a high of $468.90 and a low of $142.03 [4] - Rheinmetall's market capitalization is approximately $95.92 billion, indicating a strong presence in the market [5][6] Market Activity - The stock has a trading volume of 6,622 shares on the OTC exchange, reflecting active trading and investor interest [5]
Agape ATP (ATPC) Stock Surged 65% After-Hours: What's Happening? - Agape ATP (NASDAQ:ATPC)
Benzinga· 2026-01-15 05:02
Core Viewpoint - Agape ATP Corp. (NASDAQ:ATPC) experienced a significant after-hours stock price increase of 64.86% to $0.12, following a regular session close at $0.07, which was a 6.06% increase [1] Group 1: Company Overview - Agape ATP Corporation is an investment holding company based in Malaysia, focusing on health and wellness products and sustainable energy solutions [3] - The company has a market capitalization of $3.30 million, with shares trading between a 52-week high of $2.57 and a 52-week low of $0.05 [3] Group 2: Stock Performance and Volatility - Over the past 12 months, the company's stock has declined by 94.81%, indicating significant challenges and a deeply negative long-term trend despite short-term opportunities [4] - The stock is currently trading at 0.79% of its 52-week range, suggesting weak market sentiment and the need for monitoring potential reversals or further declines [4] Group 3: Management Statements - In a December statement, management indicated no awareness of any material undisclosed corporate developments that could explain the stock's fluctuations [2] - The founder and Global Group CEO, How Kok Choong, emphasized the company's focus on diversifying into health and wellness and sustainable green energy to enhance sustainable equity performance value [2]
Alphabet Closes Above $4 Trillion Market Cap for the First Time
Barrons· 2026-01-12 21:12
Core Insights - Alphabet's stock has surpassed a market capitalization of $4 trillion, joining an exclusive group of companies with such valuation [1] Company Summary - Alphabet has achieved a significant milestone by reaching a market cap exceeding $4 trillion, indicating strong investor confidence and robust business performance [1]
Benjamin Edwards Inc. Buys 2,721 Shares of Valero Energy Corporation $VLO
Defense World· 2026-01-11 08:32
Core Insights - Benjamin Edwards Inc. increased its stake in Valero Energy Corporation by 17.3% during Q3, owning 18,440 shares valued at $3,140,000 after acquiring an additional 2,721 shares [2] - Institutional investors and hedge funds own 78.69% of Valero Energy's stock, with several firms adjusting their positions in the company during the third quarter [3] Institutional Activity - Private Trust Co. NA raised its holdings by 2.0%, now owning 3,381 shares worth $576,000 after buying 65 additional shares [3] - Highline Wealth Partners LLC boosted its holdings by 70.2%, now owning 160 shares valued at $27,000 after purchasing 66 shares [3] - Salomon & Ludwin LLC increased its position by 17.0%, owning 476 shares worth $76,000 after acquiring 69 shares [3] - Sowell Financial Services LLC increased its stake by 0.6%, now owning 11,467 shares valued at $1,952,000 after purchasing 70 shares [3] Insider Activity - CFO Jason W. Fraser sold 9,933 shares at an average price of $174.02, totaling $1,728,540.66, resulting in a 6.89% decrease in his ownership [4] Analyst Ratings - Erste Group Bank initiated coverage with a "buy" rating [5] - Morgan Stanley downgraded from "overweight" to "equal weight" but raised the target price from $160.00 to $175.00 [5] - JPMorgan Chase & Co. increased the target price from $197.00 to $200.00 with an "overweight" rating [5] - Wells Fargo & Company raised the target price from $216.00 to $220.00, maintaining an "overweight" rating [5] - Jefferies Financial Group increased the target price from $181.00 to $194.00 with a "buy" rating [5] - The average rating is "Moderate Buy" with a consensus target price of $183.00 [5] Financial Performance - Valero Energy reported Q3 EPS of $3.66, exceeding the consensus estimate of $3.15 by $0.51 [7] - Revenue for the quarter was $32.17 billion, surpassing expectations of $28.80 billion, but down 2.2% year-over-year [7] - Analysts predict an EPS of 7.92 for the current fiscal year [7] Dividend Information - Valero Energy declared a quarterly dividend of $1.13, representing an annualized dividend of $4.52 and a yield of 2.4% [8] Company Overview - Valero Energy Corporation is an integrated downstream energy company based in San Antonio, Texas, focusing on refining crude oil into finished fuels and producing petrochemical feedstocks [9] - The company also has significant operations in renewable fuels, including ethanol and biofuels, and manages a logistics network for moving feedstocks and finished products [10]
Bharti Leads CY25 Market-Cap Surge
Rediff· 2026-01-10 06:34
Group 1: Bharti Group Performance - The Bharti group was the biggest gainer among India's top business conglomerates in calendar year 2025, with a combined market capitalisation increase of 37.3% to Rs 14.7 trillion from Rs 10.7 trillion at the end of December 2024 [3][4] - Bharti Airtel, the flagship company, saw its market capitalisation rise by 40.1% to Rs 12.67 trillion from Rs 9.05 trillion at the end of December 2024 [4] Group 2: Comparison with Other Business Groups - The combined market capitalisation of the country's 10 largest family-owned business groups increased by 10% to Rs 126.4 trillion from Rs 114.9 trillion at the end of CY24 [5] - Vedanta, owned by Anil Agarwal, was the second-biggest gainer with a market capitalisation increase of 36.3% to around Rs 5 trillion from Rs 3.67 trillion [5] - Reliance Industries, led by Mukesh Ambani, ranked third with a market capitalisation increase of 24.7% to Rs 23.4 trillion from Rs 18.73 trillion [7] Group 3: Market Trends and Sector Performance - Traditional industries such as manufacturing, mining, and infrastructure saw gains, with the Bajaj group up 21.1%, Kumar Mangalam Birla up 17%, and Mahindras up 17% [9] - The Tata group, despite retaining the top position, experienced a decline of 10.9% in market capitalisation to around Rs 27.7 trillion [10] - The Adani group lost its third rank to the Bharti group, while the Vedanta group climbed four places to ninth rank from 13th [10]
Ryan Cohen could be in for a big payday, but he has to grow meme darling GameStop to $100 billion
CNBC· 2026-01-07 14:12
Core Viewpoint - GameStop has implemented a performance-based equity incentive plan for CEO Ryan Cohen, which is contingent on achieving significant growth in market capitalization and cumulative earnings [1][2]. Group 1: Incentive Structure - The plan grants Cohen stock options that will only vest if GameStop reaches a market capitalization of $100 billion and $10 billion in cumulative EBITDA [1]. - There is no partial credit; if the company does not meet at least $20 billion in market capitalization and $2 billion in cumulative EBITDA, none of the options will vest [2]. - The total award for Cohen could amount to stock options for 171,537,327 shares at a price of $20.66 per share if the targets are met [3]. Group 2: Company Performance - GameStop's shares fell by 36% last year, and the current market capitalization stands at $9.3 billion [2]. - The company reported a net income of $77.1 million in the third quarter [2]. Group 3: Business Strategy - GameStop is diversifying its business beyond physical video game sales, including ventures into collectibles, trading cards, and aggressive bitcoin purchases [4]. - However, there is a lack of a clear master plan on how these initiatives will achieve the growth necessary to meet the compensation targets [4]. Group 4: Alignment of Interests - The compensation structure aims to align Cohen's incentives with long-term shareholder returns by linking his pay to what GameStop describes as "extraordinary growth" [5].
Charles Schwab Corporation (SCHW) Sees Positive Price Target Adjustment
Financial Modeling Prep· 2026-01-06 01:02
Company Overview - Charles Schwab Corporation, trading under the symbol SCHW on the NYSE, is a leading financial services company offering brokerage, banking, and financial advisory services [1] - The company competes with financial giants like Fidelity and TD Ameritrade [1] Stock Performance - As of today, SCHW is trading at $104.08, reflecting a 2.47% increase, or $2.51, from the previous day [2] - The stock has experienced a trading range between $101.74 and $104.43, with the latter being its highest price over the past year [2] - Charles Schwab's market capitalization is approximately $189.31 billion, supported by a trading volume of 5,631,028 shares [3] - Despite a yearly low of $65.88, the stock's current performance shows resilience and potential for growth [3] Analyst Insights - Patrick O'Shaughnessy from Raymond James set a new price target for SCHW at $114, indicating a potential increase of 9.59% from its current price of $104.02 [1] - This upward movement aligns with the optimistic price target set by Raymond James, suggesting positive investor sentiment [2] Market Dynamics - Liz Ann Sonders, the chief investment strategist at Charles Schwab, discussed the potential for a significant decline in oil prices in late 2026 into 2027, which could influence market dynamics and investor strategies [4] - The market's reaction to recent U.S. military action in Venezuela was also addressed, which could impact stock performance [4] - Investors are advised to consider these factors when navigating the market in 2026, as the setup for stocks may present opportunities or challenges [5]
Mukesh Ambani's Reliance earns Rs 45266 crore in just 5 days from...; market cap surges to Rs...
DNA India· 2026-01-04 10:11
Core Insights - Reliance Industries maintained its position as the most valued firm in India, followed by HDFC Bank and Bharti Airtel [1][3] Group 1: Market Performance - Reliance Industries earned Rs 45,266 crore from the share market due to a 2.50% increase in its shares over five days from December 29 to January 2, 2026 [2] - The market capitalization of Reliance Industries increased by Rs 45,266.12 crore, reaching Rs 21,54,978.60 crore, with shares closing at Rs 1,593 on January 2 [3] - The BSE benchmark index rose by 720.56 points, or 0.84%, during the same period, reflecting an optimistic trend in equities [2] Group 2: Valuation Changes - The combined market capitalization of seven of the top-10 most-valued firms surged by Rs 1,23,724.19 crore, with Reliance Industries showing the largest increase in valuation [2] - Among the top-10 firms, Reliance, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Larsen & Toubro, and Hindustan Unilever experienced valuation gains, while Tata Consultancy Services (TCS), Infosys, and Bajaj Finance saw declines [4] - State Bank of India added Rs 30,414.89 crore to its valuation, bringing it to Rs 9,22,461.77 crore [4]