Section
The latest stocks coverage from the TrustFinance editorial desk.
Investment bank Piper Sandler raised its ratings for Halliburton and Patterson-UTI to Overweight, citing improving U.S. land activity and a stronger long-term energy security outlook as an attractive entry point for investors.
The technology giant's preliminary second-quarter revenue and earnings fell short of analyst expectations, as clients redirected capital from software to secure memory and servers amid supply constraints.
Berkshire Hathaway Chairman Warren Buffett, 95, announced a plan to donate his entire stake in the company to four family foundations over the next eight years, targeting completion by December 31, 2034.
The main sea freight index for dry bulk commodities climbed to its highest point since early June, propelled by a significant rise in rates for larger capesize vessels amid strong demand for iron ore and supply chain disruptions.
Shares of the cosmetics giant rose after Citi analysts reaffirmed a 'Buy' rating and placed the stock on a 90-day 'upside Catalyst Watch,' signaling potential for a positive inflection point at its upcoming earnings report.
Frontier Airlines announced it will equip its fleet with SpaceX's Starlink satellite internet, becoming the first U.S. ultra-low-cost carrier to offer the service as it seeks to attract higher-spending passengers.
The German automaker maintained its full-year outlook, providing relief to investors after recent profit warnings from competitors amid weak demand in China and global pricing pressures.
The financial services firm slashed its price target on the USDC issuer to $50 from $85, citing a new rival, Open USD, whose business model could significantly erode Circle's core revenue stream.
An analysis from Barclays suggests IBM's negative preannouncement highlights a short-term boon for cybersecurity firms, as enterprises rush to buy firewalls ahead of price hikes and divert budgets to counter rising threats.
