Investing.com -- Deutsche Bank resumed coverage on payments and IT services stocks, with preference for high-quality fintech names like Visa (NYSE: V), Mastercard (NYSE: MA), even as the broader sector continues to underperform the S&P 500 this year.
Payments and IT services stocks have dropped 7% and 17% respectively in 2025, versus a 7% gain in the S&P, with Deutsche attributing the lag to fading investor optimism following last year’s rally and renewed uncertainty... (continue reading...)
Investing.com -- UBS sees limited near-term upside for Renault (EPA:RENA) shares following the automaker’s first profit warning in years, which sent the stock down 18%.
The revised 2025 guidance, with an EBIT margin of around 6.5% (down from more than 7%) and free cash flow of €1–1.5 billion (vs €2 billion previously), suggests “high-single digit consensus EBIT downgrades,” UBS said.
But the sharp selloff reflected more than just the numbers, according to the bank.
(Reuters) -Alphabet's Waymo is expanding its service in Austin, Texas, to 90 square miles from 37 square miles earlier, the software giant's self-driving unit said on Thursday, seeking to protect its top position in the city from rivals such as Tesla.
Waymo, which has over 100 vehicles on the Uber platform in Austin, will now cover new neighborhoods such as Crestview, Windsor Park, Sunset Valley and Franklin Park, the company said.
After... (continue reading...)
Investing.com -- The Jungheinrich share price plunged more than 15% on Thursday after the German warehouse equipment maker cut its 2025 guidance and unveiled a restructuring plan aimed at shoring up competitiveness in a weakening European market.
Jefferies analysts noted that order intake, revenue, and EBIT were all revised lower.
“The new guidance for 2025 leads to cuts at order intake of 3%, at revenues of 2% and at reported EBIT of 32% at midpoint,” they wrote,... (continue reading...)
WASHINGTON (Reuters) -U.S. import prices rebounded marginally in June amid cheaper energy products, but higher costs for consumer goods were consistent with a tariff-driven increase in inflation.
Import prices increased 0.1% last month after a downwardly revised 0.4% decline in May, the Labor Department's Bureau of Labor Statistics said on Thursday. Economists polled by Reuters had forecast import prices, which exclude tariffs, would rise 0.3% after a... (continue reading...)
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