Rosenblatt maintained a ‘Buy’ rating on Seagate shares and raised its price target to $1,400 from $1,300, implying an upside potential of about 87% from Tuesday’s closing price.
The firm said management expects a widening supply-demand imbalance to drive sequential improvements in revenue,
For the quarter ended June 2026, Antero Resources (AR) reported revenue of $1.56 billion, up 20.2% over the same period last year. EPS came in at $0.76, compared to $0.35 in the year-ago quarter.
The reported revenue represents a surprise of +4.41% over the Zacks Consensus Estimate of $1.49 billion.
The Federal Reserve held rates steady, but officials have splintered over how the central bank should tackle elevated inflation.
Three policymakers voted in favor of a quarter-point increase on Wednesday, suggesting that the debate in the coming months will center not on whether the central bank will lift borrowing costs,
» Read more about: 4 Takeaways From the Federal Reserve Meeting »
Tesla stock extended its post-earnings decline on July 28, closing near $307 after investors continued to digest weaker profit, falling automotive margins and a sharp increase in spending. The shares have lost about 18% from their $374.01 close before Tesla released its second-quarter results on July 22.
The latest decline has also pushed Tesla’s 14-day Relative Strength Index below 30.
» Read more about: Tesla Stock Slides 18% as RSI Falls Below 30 »
A drone strike on a US-owned gas-storage tanker moored in an Egyptian port has underlined the precarious nature of the global energy market again.
Brent crude futures jumped 8%, back above $US90/barrel, and the US WTI benchmark rose 7%.
Reuters is reporting the drone hit floating storage tanker Energos Winter,
Stocks fell sharply Wednesday as the Federal Reserve held interest rates steady again despite continued inflation pressure.
The Dow Jones Industrial Average closed down 1,153.18 points, or 2.19 percent, for its worst decline since April 2025 — when President Trump unveiled his sweeping “Liberation Day” tariffs.
» Read more about: Dow sinks 1,100 points after Fed holds off on hike »
During his first press conference last month, Federal Reserve Chair Kevin Warsh announced five task forces to review key areas of the central bank’s policymaking.
The panels will examine the Fed’s approach to inflation, communications, economic data, productivity and the labor market, as well as the central bank’s balance sheet, which Warsh has long argued is too large.
The Federal Reserve on Wednesday kept interest rates unchanged despite growing pressure to more directly tackle inflation after five years of overshooting the central bank’s 2 percent target.
The Fed voted 9-3 to maintain rates at 3.5 percent to 3.75 percent, a level that has been in place since January.
» Read more about: Fed Leaves Interest Rates Unchanged, Despite Three Votes for an Increase »
Benchmark indices on Wall Street tanked on Wednesday, July 29, after the US Federal Reserve’s interest rate decision sent bond yields soaring and led the market to believe that inflation could remain higher for longer.
The Dow Jones fell over 1,100 points to mark its worst day since April 2025, the period of US President Donald Trump’s first tariff tantrum.