Disney’s CFO outlines plans to strengthen earnings reliability and valuation multiples amid raised price targets from Citi and JPMorgan. Disney Chief Financial Officer Hugh Johnston emphasized the company’s long-term growth strategy and disciplined capital allocation at Mo
Beijing’s securities regulator assures mainland investors their offshore accounts and holdings will not face forced closure or liquidation. China’s securities regulator stated its crackdown on illegal cross-border investments will not result in the forced closure or liquid
Micron expects 264% revenue growth next quarter Micron is benefiting from the massive AI buildout, which is driving demand for memory chips. The company manufactures both DRAM and NAND memory chips, and is building out extra manufacturing capacity to meet demand. Th
Index methodology changes will accelerate inclusion of high-valuation firms, exposing ETF investors to potential volatility. The Nasdaq-100 index is revising its methodology to expedite the inclusion of megacap companies like SpaceX, which is set to debut on June 12 with a
LULU reports a 4% U.S. sales decline and 6% drop in comparable Americas sales, offset by growth in international markets. Lululemon’s first-quarter revenue rose 4% to $2.5 billion, but U.S. sales fell 4% as consumer spending softened. Comparable sales in the Americas slid
Marvell Technology shares dropped $52.96 Friday, wiping $1 trillion from chip stocks as sentiment reversed sharply after a record rally. Marvell Technology (MRVL) shares collapsed 16% to $263.47 Friday, erasing a record high of $316.43 reached the prior session. The declin
With 72 hedge fund holders as of Q1 2026, Centene Corporation (NYSE:CNC) is among the Top 10 Stocks That Members of Congress Own. On May 27, analysts at BofA added Centene Corporation (NYSE:CNC) to the firm’s prestigious “US 1 List.” The US 1 List represents Bank of Americ
With 74 hedge fund holders as of Q1 2026, NextEra Energy, Inc. (NYSE:NEE) is among the Top 10 Stocks That Members of Congress Own. On May 26, Barclays increased its price target on NextEra Energy, Inc. (NYSE:NEE) to $90 from $89 while maintaining an Equal Weight rating on
With 83 hedge fund holders as of Q1 2026, Lockheed Martin Corporation (NYSE:LMT) is among the Top 10 Stocks That Members of Congress Own. On May 28, Lockheed Martin Corporation (NYSE:LMT) secured a definitized contract action valued at up to $180 million to provide interna
With 95 hedge fund holders as of Q1 2026, RTX Corporation (NYSE:RTX) is among the Top 10 Stocks That Members of Congress Own. On May 26, Raytheon, a subsidiary of RTX Corporation (NYSE:RTX), was awarded a firm-fixed-price contract valued at approximately $1.02 billion for
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