(Reuters) -U.S. brokerage firm Charles Schwab said on Friday its profit rose nearly 60% in the second quarter, driven by robust trading activity and increased asset management fees.
Shares of Charles Schwab, which have gained nearly 26% in 2025, rose 2.5% in premarket trading.
Market uncertainty from President Trump's broad tariff measures sparked heightened volatility earlier this year, driving investors to actively rebalance portfolios and... (continue reading...)
Investing.com -- Jefferies upgraded Abbott Laboratories (NYSE: ABT) to Buy from Hold, calling the market reaction to the company’s latest results “too punitive” and arguing that near-term headwinds in diagnostics are likely to ease.
Abbott shares dropped more than 8% following its second-quarter results, which were largely in line with expectations. The company posted sales of $11.1 billion and adjusted earnings per share of $1.26, narrowly ahead of consensus.... (continue reading...)
Investing.com -- Tesla’s competitive edge lies not only in its products but in a cultural, strategic, and technological alignment that legacy automakers struggle to replicate, according to Morgan Stanley analysts.
In a wide-ranging note released on Friday, the bank stated that Tesla’s dual role as both a carmaker and a tech company affords it unique advantages, particularly as cars evolve into “AI-driven robots.”
“The recent amping up of the AI/robotics talent war is a... (continue reading...)
Investing.com -- Intel (NASDAQ: INTC) shares could be poised for a short-term rally as earnings season approaches, according to Citi, which flagged a potential upside surprise that may trigger a squeeze. The stock remains heavily shorted, but the bank believes improving fundamentals could flip sentiment.
“Intel remains the most popular short but we believe the stock could squeeze higher during earnings given potential upside to EPS,” analyst Christopher Danely said in a... (continue reading...)
Investing.com -- Apple’s efforts to drive hardware upgrades through artificial intelligence have so far fallen short, according to HSBC analysts, who say the company must deliver a more compelling AI experience to reinvigorate iPhone sales.
“The iPhone still represents about half of Apple’s sales,” HSBC wrote. But “initial hopes that AI would accelerate the renewal cycle have been short-lived.”
The bank said that Apple (NASDAQ: AAPL) Intelligence, unveiled in June 2024... (continue reading...)
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