Stock market today: S&P 500, Nasdaq little changed amid renewed tariff threats, Boeing stock weighs on Dow
President Trump had a few words to say about Tesla (TSLA) and its CEO, Elon Musk, on Thursday, at the signing of congressional resolutions targeting California’s regulations on the adoption of electric vehicles.
Trump touted that his administration abolished the federal government’s EV initiative shortly after taking office.
Read MorePolice warning: Bogus plea for bond money, friend held hostage by Mexican cartel, cryptocurrency fraud among recent scams hitting Troy residents
A loved one needing bond money to get out of jail.
A friend held hostage by a Mexican cartel.
An internet account hijacked to buy pornography.
These are among the bogus claims fraudsters have used recently to scam Troy residents out of thousands of dollars, police said.
Read MoreQXO Stock Rises as Baird Latest to Initiate Coverage With Bullish Price Target
Shares of QXO (QXO) gained Thursday as Baird initiated coverage of the roofing, waterproofing, and building products distributor with an “Outperform” rating and a rosy price target.
Baird initiated coverage of the Greenwich, Conn.-based firm with a $32 price target—60% above Wednesday’s closing level of $19.95. Led by CEO Brad Jacobs,
» Read more about: QXO Stock Rises as Baird Latest to Initiate Coverage With Bullish Price Target »
Read MoreOracle's 'Stunning' Targets Have Wall Street Analysts Growing More Bullish
Key Takeaways
- Several analysts raised their price targets for Oracle stock after the company delivered higher-than-expected revenue growth estimates.
- Oracle expects cloud infrastructure growth to increase from 50% last fiscal year to more than 70%.
- Deutsche Bank called Oracle’s results a “watershed cloud moment.”
» Read more about: Oracle's 'Stunning' Targets Have Wall Street Analysts Growing More Bullish »
Read MoreApple Faces EU Ultimatum Over App-Store Rules
Apple (NASDAQ:AAPL) is racing to meet a June 26 deadline or risk a new charge sheet from the European Commission after a 500 million fine in April for breaching the Digital Markets Act’s anti-steering rules.
Regulators want Apple to let developers tell users about cheaper app-purchase options outside the App Storean obligation the company has so far resisted,
» Read more about: Apple Faces EU Ultimatum Over App-Store Rules »
Read MoreThe Burst
Market Commentary: Underestimate Zuckerberg At Your Peril
Long ago, a conversation between two investors about the sluggish revenues of what was then Facebook went something along the lines of this: With all those users, why isn’t Facebook making more?
To which the second investor replied, do you really think they figured out how to get a billion users on their platform and don’t know how to make money from them?
» Read more about: Market Commentary: Underestimate Zuckerberg At Your Peril »
Read MoreThe Ivy
1 Under-the-Radar Small Cap Set To Pop?
Applied Optoelectronics (NASDAQ: AAOI) isn’t well known and why would it be trading at less than a half a billion dollars in valuation. But it has seen a surge recently in insider buying as those in-the-know seem to be betting on future prospects.
This small-cap company has positioned itself as a critical supplier to major data center operators and telecommunications firms,
» Read more about: 1 Under-the-Radar Small Cap Set To Pop? »
Read MoreThe Spotlight
Markets Are Going FULL Leptokurtic, What You Need To Know Now
If you look up the definition of leptokurtic, the dictionary explanation is:
- (of a frequency distribution or its graphical representation) having greater kurtosis than the normal distribution; more concentrated about the mean.
That probably didn’t clarify things a whole lot if you’re not a statistician but in essence leptokurtic refers to a flatter distribution with fatter tails.
» Read more about: Markets Are Going FULL Leptokurtic, What You Need To Know Now »