Nia Warfield

1 week ago | sherwood.news | Nia Warfield |Luke Kawa

Trade optimism fueled another day of gains for US stocks as President Donald Trump trumpeted a trade deal with the UK and raised the prospect of lower tariffs on China. The S&P 500 rose 0.6%, the Nasdaq 100 rose 1%, and the Russell 2000 led the way with a 1.9% advance. It was a clear risk-on day: industrials, materials, and energy were the best-performing S&P 500 sector ETFs, while defensive sectors real estate, utilities, consumer staples, and healthcare all fell.

1 week ago | sherwood.news | Nia Warfield

Citi: Palantir priced for “beyond perfection”Analysts at Citi raised their estimates and price target on Palantir, but they still won’t push the buy button. The reason, of course, is valuation, which has emerged as a sticking point for others, judging by the sharp sell-off the stock endured despite reporting results that were widely hailed on Wall Street as quite strong. In raising their target price from $110 to $115, Citi analysts concurred, as far as the numbers were concerned.

1 week ago | sherwood.news | Nia Warfield

(Budrul Chukrut/Getty Images)The Coach and Michael Kors parent said it’s seeing growth across all regions. Tapestry shares rose after the fashion conglomerate posted knockout Q3 results. Adjusted earnings per share came in at $0.95, up 60% from a year ago and well above FactSet estimates of $0.88. Revenue reached $1.58 billion, also topping Wall Street expectations. The quarter was powered by a standout performance from Coach, Tapestry’s legacy leather handbag line and its biggest revenue driver.

1 week ago | sherwood.news | Nia Warfield

Wynn’s Al Marjan Island (Wynn Resorts)Bank of America analysts upgraded the stock to “buy” ahead of its Al Marjan Island debut. Wynn Resorts rose 1.7% Wednesday after Bank of America upgraded the stock ahead of the casino giant’s ambitious expansion into the United Arab Emirates. The analysts now rate the stock a “buy,” up from “neutral,” and raised their price target to $100 from $90. The upgrade came just a day after Wynn missed top- and bottom-line estimates.

1 week ago | sherwood.news | Nia Warfield

(Gary Hershorn/Getty Images)The Mouse House saw big strength in its parks business. It’s the stuff that investor dreams are made of. Disney shares popped 6% in premarket trading Wednesday after the company reported better-than-expected earnings for its fiscal second quarter thanks to impressive results in its parks business. Adjusted earnings per share came in at $1.45, well above the $1.20 estimate among analysts polled by Bloomberg.