Wolfe Research News

United States President Donald Trump’s threatened steel tariffs that don’t kick in for two weeks are impacting U.S. buyers who already are seeing American-made metal cost more than imports.

Treasury yields rose in early trading Tuesday evening as investors awaited results from the tight presidential race between Vice President Kamala Harris and former President Donald Trump.

Last year wasn't the best year for bonuses at Deutsche Bank. Across the bank as a whole, the bonus pool was down nearly 9% and the average bonus was at its lowest since 2012. Amidst the squeeze, Deutsche Bank's New York-based equity researchers claim to have been punished: one research insider says some bonuses were just 10% of salaries. 

Stocks wavered as traders weighed the latest economic reports for clues on the outlook for Federal Reserve rates in the run-up to Jerome Powell’s speech Friday.

A stock analyst over the weekend lowered his rating of Raymond James Financial Inc., citing a variety of concerns related to the short-term growth of its brokerage and wealth management business, where more than 8,000 financial advisors work.

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Investors looking to ride the artificial-intelligence wave have turned their eyes to a sleepier corner of the market—companies that own and operate power plants. Is the run-up justified? AI hype has helped lift Vistra stock 85% year to date. That falls short of Nvidia’s eye-watering 92% surge, but is far greater than the 12% lift that Microsoft has seen over that time.

(Reuters) — General Motors (NYSE:GM) Chief Executive Mary Barra said on Thursday that the automaker was looking at the best path to unlock value at its self-driving unit Cruise.

After LPL Financial Holdings Inc. said Tuesday thatit was buying broker-dealer network Atria Wealth Solutions Inc. for a base price of $805 million, the company’s shares popped.

Analysts at Wolfe Research said in a note Friday that the Boeing (NYSE:BA) and Spirit AeroSystems (NYSE:SPR) «lows should be set prior» to the return to service of the MAX 9.

Wall Street analysts are dialing back on the compliments paid to Corporate America at the fastest clip in years. «Good quarter,» «congratulations» and similar plaudits are drying up on quarterly earnings calls for S&P 500 companies, setting up 2023 for the biggest such annual decline since the Great Recession. The drop is even more pronounced when compared with the pandemic era, running 35% below the average pace in the previous three years. Analysts have gone cold on corporate executives as they climb a wall of worry that includes soaring labour costs, surging prices for raw materials, rising borrowing rates and heightening geopolitical tensions that have shown no signs of abating. «Fewer companies are doing well,» said Alex Zukin, an analyst covering software companies at Wolfe Research.

Investing.com — Nvidia (NASDAQ:NVDA) will likely need «several months» to ramp up production of its new artificial intelligence chip aimed at capturing growing demand in China, according to analysts at Wolfe Research.

Shares of Western Digital (NASDAQ:WDC) plunged intra-day Thursday following reports from Nikkei indicating that the company's proposed merger with Kioxia had been scrapped after it couldn't gain approval from large shareholders SK hynix (KS:000660) and Bain Capital.

Wolfe Research analysts raised the firm's price target for XPO Inc (NYSE:XPO) to $105 from $87 per share in a note on Wednesday, maintaining an Outperform rating on the stock.

Here is your Pro Recap of the biggest analyst picks and cuts you may have missed today: upgrades at Forward Air, Zimmer Biomet, and UGI, and downgrades at CrowdStrike and L3Harris Technologies.

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With Goldman Sachs considering jettisoning the registered investment advisor business it bought just four years ago, two giant broker-dealer networks, LPL Financial and the recently rechristened Osaic, make intriguing potential buyers, one industry analyst said.

By Niket Nishant and Manya Saini

The rising stock market is a boon to wealth management businesses, and Wells Fargo & Co. reported a 9% increase in total client assets at the end of June, to almost $2 trillion, when compared to the same period a year earlier.

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