US stocks traded lower on Monday as President Donald Trump responded to the Supreme Court’s ruling against his sweeping tariffs by imposing a new, across-the-board 15% levy on US imports, sowing fresh confusion around global trade. Shares of Nvidia Corp. were a bright spot, advancing before Wednesday’s earnings report. The S&P 500 Index was down 0.385% at 9:52 a.m. in New York, with losses in tech...
US stocks traded lower on Monday as President Donald Trump responded to the Supreme Court’s ruling against his sweeping tariffs by imposing a new, across-the-board 15% levy on US imports, sowing fresh confusion around global trade. Shares of Nvidia Corp. were a bright spot, advancing before Wednesday’s earnings report. The S&P 500 Index was down 0.385% at 9:52 a.m. in New York, with losses in technology stocks offsetting gains in energy and health care. Consumer discretionary and industrials sectors were in the red. The Nasdaq 100 Index was down 0.609% . The tariff situation has trigged “mass confusion,” Brian Reynolds , chief market strategist at Reynolds Strategy, wrote in a note Monday. Nonetheless, he expects “tariff rates will be moving lower from the levels that investors feared” almost a year ago, boosting profits this year, particularly for hard-hit small firms. That “could be a modest positive for the economy and equity prices,” he said. Nvidia rose 1.6% as Aletheia Capital raised the stock to a buy, saying it’s too cheap to ignore before earnings. Shares have been drifting sideways for months and are in the bottom half of performers this year for the S&P 500. They were also the most under-owned large-cap tech stock at the end of the fourth quarter. Tech stocks in general were modestly weaker as OpenAI was said to have told investors it’s planning to spend about $600 billion on infrastructure by 2030 after previously saying it was committed to spending more than $1.4 trillion. Energy stocks advanced. Oil prices rose as investors continued to assess the potential for US-led conflict with Iran. What impact will the Supreme Court’s overturning of President Donald Trump’s tariffs have on markets? Let us know . In earnings news, Domino’s Pizza Inc. rallied 4.0% after the company reported US comparable sales topped expectations and boosted its dividend. Novo Nordisk A/S ADRs sank 15% as its next-generation obesity shot CagriSema delivered less weight loss than El...
Douglas Rissing/iStock via Getty Images On February 20, 2026, the Supreme Court issued a 6-3 ruling in which it struck down President Trump's "Liberation Day" and "Reciprocal Tariffs." The Supreme Court determined that the International Emergency Economic Powers Act, or "IEEPA" which was the 1977 law that President Trump used to declare the tariffs, does not grant the President (the executive bran...
Douglas Rissing/iStock via Getty Images On February 20, 2026, the Supreme Court issued a 6-3 ruling in which it struck down President Trump's "Liberation Day" and "Reciprocal Tariffs." The Supreme Court determined that the International Emergency Economic Powers Act, or "IEEPA" which was the 1977 law that President Trump used to declare the tariffs, does not grant the President (the executive branch) the power to impose these tariffs. As most of us remember, the stock market plunged in April 2025, after these tariffs were announced, so it was interesting to see that the market response to this ruling was very muted after the Supreme Court announced the decision. However, there are many potential consequences that might arise from this decision and still create significant uncertainty, as well as stock market volatility. With all this in mind, let's take a closer look: Multi-Billions Of Dollars In Refunds? The Supreme Court Ruling effectively renders the roughly $160-$260 billion worth of tariffs collected over the past year as being illegal. However, the Supreme Court ruling did not address the issue of potential refunds, and for that, the case is being sent to the U.S. Court of International Trade. Importers typically have about 180 days after their goods are finalized by Customs (also known as liquidated) to file a protest. In November 2025, Costco ( COST ) filed a lawsuit with the U.S. Court of International Trade to prevent liquidation and "stop the clock" in an effort to ensure that the tariffs it paid remained legally protestable. Estimates suggest that Costco has paid nearly $1 billion in tariffs since the Liberation Day rollout. Many companies have followed Costco's lead and filed claims to preserve their rights to seek tariff refunds. Even though the Supreme Court ruling seems to be a complete victory for companies like Costco, the process of re-liquidating millions of shipping entries could take months or years. In addition, it remains to be seen if the Tr...
The average of price targets set by Wall Street analysts indicates a potential upside of 35.3% in Broadcom Inc. (AVGO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
The average of price targets set by Wall Street analysts indicates a potential upside of 35.3% in Broadcom Inc. (AVGO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Shares of Broadcom Inc. (AVGO) have gained 3.9% over the past four weeks to close the last trading session at $332.65, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $450.16 indicates a potential upside of 35.3%. The average comprises 39 short-term price targets rangi...
Shares of Broadcom Inc. (AVGO) have gained 3.9% over the past four weeks to close the last trading session at $332.65, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $450.16 indicates a potential upside of 35.3%. The average comprises 39 short-term price targets ranging from a low of $335.00 to a high of $535.00, with a standard deviation of $45.71. While the lowest estimate indicates an increase of 0.7% from the current price level, the most optimistic estimate points to a 60.8% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice. However, an impressive consensus price target is not the only factor that indicates a potential upside in AVGO. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside. Price, Consensus and EPS Surprise Here's What You May Not Know About Analysts' Price Targets According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading. While Wall Stre...
aprott/iStock via Getty Images Thesis: Disappointing REDEFINE 4 Phase III results As you know, Novo Nordisk ( NVO ) has just released top-line results from its REDEFINE 4 Phase 3 obesity trial. Overall, the results are clearly a disappointment relative to investor expectations, and the stock is down almost 14% in pre-market. It was an open-label, 84-week study that compared CagriSema in a fixed-do...
aprott/iStock via Getty Images Thesis: Disappointing REDEFINE 4 Phase III results As you know, Novo Nordisk ( NVO ) has just released top-line results from its REDEFINE 4 Phase 3 obesity trial. Overall, the results are clearly a disappointment relative to investor expectations, and the stock is down almost 14% in pre-market. It was an open-label, 84-week study that compared CagriSema in a fixed-dose combo of cagrilintide 2.4 mg and semaglutide 2.4 mg head-to-head against tirzepatide 15 mg. This was done in about 800 people with obesity/comorbidities. CagriSema produced about a 23.0% mean weight loss under the ‘if all adhered’ estimand and about 20.2% under the more conservative treatment regimen estimand. That first estimand assumes perfect treatment compliance, and the second is a more conservative treatment regimen estimand, which accounts for some treatment discontinuations and real-world adherence behavior. The disappointing numbers were that the tirzepatide delivered 25.5% and 23.6%, respectively. So that means CagriSema failed its primary endpoint of demonstrating non-inferiority versus the market-leading competitor. Management later on the call told us that CagriSema’s efficacy was actually consistent with earlier REDEFINE trials, and then argued the comparator performed unusually well. Novo Nordisk A/S I also think the sentiment on the call didn’t help investors' confidence and somewhat came across as an excuse for the results. Management's view was that the comparator was potentially inflated by the open-label design. What they meant by that is that since investigators knew which drug patients received, and also some had prior experience with tirzepatide, this likely encouraged faster titration and higher dose attainment in that arm. They also noted on the call that not all patients reached full CagriSema dosing, suggesting some efficacy was left on the table. Whilst this may be somewhat true in my opinion, if CagriSema actually had inherent efficacy to out...
Xbox fans had been anticipating the retirement of Microsoft Gaming CEO Phil Spencer for years, but what most hadn't expected was the departure of Xbox president Sarah Bond too. For many outside the company, Bond seemed like Spencer's natural successor, a deputy of sorts. Microsoft CEO Satya Nadella and Microsoft CFO Amy Hood clearly didn't agree. Instead of picking Bond for the role, Microsoft pro...
Xbox fans had been anticipating the retirement of Microsoft Gaming CEO Phil Spencer for years, but what most hadn't expected was the departure of Xbox president Sarah Bond too. For many outside the company, Bond seemed like Spencer's natural successor, a deputy of sorts. Microsoft CEO Satya Nadella and Microsoft CFO Amy Hood clearly didn't agree. Instead of picking Bond for the role, Microsoft promoted Asha Sharma , a former Microsoft AI executive, to the top of Xbox. The decision to overlook Bond might have surprised many Xbox fans, but for the more than a dozen current and former Microsoft employees I've been speaking to, it's felt inev … Read the full story at The Verge.
Benfica's Gianluca Prestianni receives a provisional one-match Uefa suspension after Real Madrid's Vinicius Jr reported alleged racist abuse during last week's Champions League meeting.
Benfica's Gianluca Prestianni receives a provisional one-match Uefa suspension after Real Madrid's Vinicius Jr reported alleged racist abuse during last week's Champions League meeting.
Nvidia stock was rising ahead of the open Monday as it appeared set to shrug off pressure across the tech sector. Nvidia shares were up 1.3% at $192.32 in early trading Monday. Among other chip makers, Advanced Micro Devices was down 1.9%, while Broadcom were down 1.1% and 0.8% in premarket trading, respectively.
Nvidia stock was rising ahead of the open Monday as it appeared set to shrug off pressure across the tech sector. Nvidia shares were up 1.3% at $192.32 in early trading Monday. Among other chip makers, Advanced Micro Devices was down 1.9%, while Broadcom were down 1.1% and 0.8% in premarket trading, respectively.
Maximusnd/iStock via Getty Images RELX PLC ( RELX ) is a UK-based multinational information and analytics company. Founded in 1993, but with roots dating back to the late 1800s, RELX is now a $56 billion (by market cap) data and analytics giant that employs more than 35,000 people. The company reports revenue across four segments: Risk, 34% of FY 2025 revenue; Scientific, Technical & Medical, 32%;...
Maximusnd/iStock via Getty Images RELX PLC ( RELX ) is a UK-based multinational information and analytics company. Founded in 1993, but with roots dating back to the late 1800s, RELX is now a $56 billion (by market cap) data and analytics giant that employs more than 35,000 people. The company reports revenue across four segments: Risk, 34% of FY 2025 revenue; Scientific, Technical & Medical, 32%; Legal, 20%; and Exhibitions, 13%. North America accounts for roughly 60% of all revenue; Europe accounts for about 20%, whereas the remainder of revenue comes from the rest of the world. RELX provides valuable, technical, and proprietary data and analytics to a range of industries, including the medical and legal professions – professions that constantly require vast amounts of on-demand, specialized, and precisely accurate information. While there are fears that AI could displace vast swaths of the global software complex, including the likes of RELX, this company’s data-driven tools and insights are proprietary treasure troves and embedded in the daily workflows of countless professionals. The company’s renowned LexisNexis platform, for instance, which operates massive databases, offers machine-to-machine solutions firmly incorporated as part of daily procedures for clients, helping to make decisions and process an untold number of individual operations. Unless we’re going to live in a world where AI steals all IP (in which case, no company is safe) or the legal and healthcare systems are held hostage to possible AI mistakes that leave lives hanging in the balance – a world, quite frankly, I can’t imagine living in – RELX is not only going to survive but thrive in the age of AI due to the increase in productivity and efficiency across both its enterprise and clients’ enterprises. That translates to the future quite possibly being even better than the past, and RELX already has an incredible track record as it pertains to revenue, profit, and dividend growth. Dividend Gro...
Hirurg/iStock via Getty Images As part of a cooperation agreement with investor HG Vora Capital Management to end a proxy battle between the two, PENN Entertainment ( PENN ) has appointed three new independent directors, expanding the size of its board to 11 members. Heather Ace and Jefferey Fox have been added as Class II directors with terms expiring at the 2028 annual meeting, while Fabio Schia...
Hirurg/iStock via Getty Images As part of a cooperation agreement with investor HG Vora Capital Management to end a proxy battle between the two, PENN Entertainment ( PENN ) has appointed three new independent directors, expanding the size of its board to 11 members. Heather Ace and Jefferey Fox have been added as Class II directors with terms expiring at the 2028 annual meeting, while Fabio Schiavolin is added to the board as a Class III director with a term ending at the 2026 annual meeting. As part of this negotiated settlement, HG Vora agreed to end its proxy battle with PENN ( PENN ) by limiting its shareholder activism, cease efforts to remove directors and call special meetings, short the stock, and is prohibited from increasing its stake in the company above 5%. In return, PENN ( PENN ) agrees to support Fabio Schiavolin’s election at the 2026 annual meeting and pay HG Vora for all expenses incurred during its activist campaign. The resolution ends HG Vora’s campaign against PENN ( PENN ), triggered after PENN ( PENN ) attempted to pivot to an online gaming business with its $2B, 10-year licensing agreement with Disney ( DIS ) for the ESPN brand. During the first two years of the agreement, PENN Entertainment’s ( PENN ) ESPN Bet partnership earned a disappointing 3% market share (compared to more than 30% market share for DraftKings and FanDuel) and lost over $1B, leading PENN ( PENN ) and Disney ( DIS ) to end their agreement early. The company subsequently rebranded its online sports betting platform to theScore Bet, transitioning all remaining ESPN Bet accounts to the new platform. PENN Entertainment shares opened nearly 5% lower on Monday. More on PENN Entertainment PENN Entertainment: The Market Gave Up, But Maybe Too Early PENN Entertainment unveils a strategic reset of its corporate organizational structure Sports betting pivot: PENN officially rebrands ESPN Bet to theScore Bet Seeking Alpha’s Quant Rating on PENN Entertainment Historical earnings dat...
Bitcoin dipped below $65,000 on Monday as investors weighed mounting tariff uncertainties and geopolitical concerns. The token traded as low as $64,830 early as it continued a nearly 5% slide that began a day earlier. Over the weekend, that decline brought the digital asset to $64,324 at its nadir, marking its lowest level since Feb. 6 when it hit $60,062. Bitcoin was last down more than 2% at $65...
Bitcoin dipped below $65,000 on Monday as investors weighed mounting tariff uncertainties and geopolitical concerns. The token traded as low as $64,830 early as it continued a nearly 5% slide that began a day earlier. Over the weekend, that decline brought the digital asset to $64,324 at its nadir, marking its lowest level since Feb. 6 when it hit $60,062. Bitcoin was last down more than 2% at $65,836.68 at 9:40 a.m. ET. Stock Chart Icon Stock chart icon Bitcoin YTD The world's oldest cryptocurrency has taken a dive, particularly as geopolitical and macroeconomic uncertainties spark investors' flight from risk-on investments. Last week, U.S. President Donald Trump said he would decide whether to strike Iran "over the next probably 10 days" due to its resistance toward a new nuclear deal. The tensions seemed to build over the past few days, with the U.S. continuing to position its military forces across the Middle East. Separately, Trump said Saturday in a social media post that he would raise his so-called retaliatory tariffs against many of the U.S.' foreign trading partners to 15% , "effective immediately," just one day after the Supreme Court struck down his previous trade taxes . Since the beginning of the year, Bitcoin has lost 24% due to the onslaught of macro threats, while risk-off assets like precious metals have surged. Gold has gained about 20% in the year to date, while silver has added 23% during the same period.
Tesla stock was lower to start a new week of trading as investors weighed what a struggling electric-vehicle business means for the stock. Tesla stock was down 2.1% at $403.38, while the and were down 0.2% and 0.3%, respectively. Lower EV pricing is a “major theme” Cantor Fitzgerald analyst Andres Sheppard expects to continue this year.
Tesla stock was lower to start a new week of trading as investors weighed what a struggling electric-vehicle business means for the stock. Tesla stock was down 2.1% at $403.38, while the and were down 0.2% and 0.3%, respectively. Lower EV pricing is a “major theme” Cantor Fitzgerald analyst Andres Sheppard expects to continue this year.