The S&P 500 reached its 27th all-time high, driven by a robust 31% earnings growth in Q2 and easing inflation pressures. Analysts expect profit growth for 2024 to rise sharply by 27%, an unusually strong forecast outside typical post-recession recoveries. Despite a dip in July retail sales, consumer spending remains solid, particularly in discretionary areas like dining and entertainment. A modest market pullback of 3-6% is anticipated before the midterm elections, seen as a buying opportunity ahead of potential new highs by year-end.
Evercore ISI raised Ross Stores' price target to $276, suggesting a 12.5% upside from its current $245.36 price. The boost reflects strong expectations for Q2, with projected revenues of $6.10 billion (up 10.7%) and earnings per share of $1.92 (up 23...
Nvidia is deepening its involvement in the AI industry by investing $1.5 billion in SB Energy, which is building a major data center campus for OpenAI in Ohio. This deal locks in up to 8 gigawatts of AI computing capacity and ties Nvidia not only as ...
Fabrinet is set to report strong Q3 2026 earnings with revenue forecasted at about $1.276 billion, a 41% increase year-over-year, driven by demand in Telecom and Data Center sectors. Earnings per share are expected to rise 45% to $3.81, reflecting ro...
Micron Technology's stock has soared 240.65% year-to-date in 2026, fueled by a strong AI-driven memory market. The company reported a fiscal Q3 revenue of $41.46 billion and expects fiscal Q4 revenue to reach $50 billion with a non-GAAP EPS of $31. D...
Ana Romero-Davila, platform director at Adient, was honored as a 2026 Automotive News Rising Star, recognizing young U.S. auto industry leaders under 45. She oversees major OEM account launches, strategic planning, and program delivery, recently lead...
