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21khz: The Art of Money In Music Fri, 29 May 2026 15:06:35 +0000 Fri, 29 May 2026 15:06:35 +0000 Libsyn RSSgen 1.0 en 21khz: The Art of Money In Music Jeff Price & Ted Gerstein true Jeff Price jeffcore@me.com episodic no Why Are Comedy Albums Being Taken Down From Spotify and other streaming services Why Are Comedy Albums Being Taken Down From Spotify and other streaming services Mon, 06 Dec 2021 18:28:46 +0000 Right before Thanksgiving, 2021 Spotify took down a large number of comedy albums.  The question is why. The answer has to do with the fact that just because a comedian like Robin Williams says the words "Reality, what a concept" as opposed to sings them doesn't mean he does not have a copyright that needs to be licensed and a royalty paid when it streams. What happens if a streaming service like Spotify streams comedy albums without the needed licenses.  The answer is not funny at all.]]> Right before Thanksgiving, 2021 Spotify took down a large number of comedy albums. The question is why. The answer has to do with the fact that just because a comedian like Robin Williams says the words "Reality, what a concept" as opposed to sings them doesn't mean he does not have a copyright that needs to be licensed and a royalty paid when it streams. What happens if a streaming service like Spotify streams comedy albums without the needed licenses. The answer is not funny at all.]]> 56:59 false 3 2 full You Know What's Not Funny- One Trillion Streams and One Billion Dollars In Unpaid Royalties For Comedians You Know What's Not Funny- One Trillion Streams and One Billion Dollars In Unpaid Royalties For Comedians Mon, 04 Oct 2021 02:32:24 +0000 Comedians' works are streamed and broadcast across Spotify, YouTube, Pandora, SiriusXM, and more. However, unlike music where royalties are paid for two copyrights (composition and master recording), Comedians have only ever been paid royalties on the recording of their performance, not on the underlying literary work (equivalent of a composition). Jeff Price, founder of Word Collections and previous founder of Tunecore, Audiam, and more is setting out to fix that by helping comedians license and collect royalties owed to them for their unlicensed literary works.]]> Comedians' works are streamed and broadcast across Spotify, YouTube, Pandora, SiriusXM, and more. However, unlike music where royalties are paid for two copyrights (composition and master recording), Comedians have only ever been paid royalties on the recording of their performance, not on the underlying literary work (equivalent of a composition). Jeff Price, founder of Word Collections and previous founder of Tunecore, Audiam, and more is setting out to fix that by helping comedians license and collect royalties owed to them for their unlicensed literary works.]]> 01:03:15 false 3 1 full Jeff Price The Full Brain Workout The Full Brain Workout Wed, 27 Feb 2019 10:00:00 +0000 Season 2/ Episode 7 Rachel Francine/ Co-Founder and CEO, SingFit Andy Tubman/ Co-Founder and Chief of Therapeutics and Music, SingFit If there is one that I have learned doing this podcast for the past two years, it's that music contains value beyond the cost of a CD, an iTunes download or a Pandora stream. This show proves that music has a value beyond money. Rachel Francine and Andy Tubman are a brother and sister pair of entrepreneurs who have taken the best from each of their careers and combined them into a new company with a mission. Andy Spent years working as a music therapist, working with patients with brain trauma or dementia utilizing difference musical processes to help retrain the brain and to attain clinical goals. Rachel spent years working in the worlds of technology, media, and entertainment.  This particular set of skilled gave her the perfect background to deal with the ins and outs of music publishing and copyright. A few years back the two realized that both of those parts make the perfect whole. Andy, with a background in music therapy, and Rachel with a background in music publishing. They formed, SingFit, a company with the goal of bringing music therapy to the largest audience possible. From the Singfit.com… SingFit™ PRIME is a turnkey solution that allows even those with no musical experience to facilitate group activities, tailored specifically for their participants' age and musical tastes as well as cognitive and physical health. An award-winning therapeutic music solution, SingFit™ PRIME is created specifically for older adults in senior living communities, adult day programs, and skilled-nursing facilities. The unique Lyric Coach means even those with dementia can joyfully take part in the turnkey SingFit PRIME sessions. It's an interview that meanders from music cues for forgetful opera divas, Gabby Giffords love of Tom Petty, and finally ends up on BlueBerry Hill.]]> Season 2/ Episode 7 Rachel Francine/ Co-Founder and CEO, SingFit Andy Tubman/ Co-Founder and Chief of Therapeutics and Music, SingFit If there is one that I have learned doing this podcast for the past two years, it's that music contains value beyond the cost of a CD, an iTunes download or a Pandora stream. This show proves that music has a value beyond money. Rachel Francine and Andy Tubman are a brother and sister pair of entrepreneurs who have taken the best from each of their careers and combined them into a new company with a mission. Andy Spent years working as a music therapist, working with patients with brain trauma or dementia utilizing difference musical processes to help retrain the brain and to attain clinical goals. Rachel spent years working in the worlds of technology, media, and entertainment. This particular set of skilled gave her the perfect background to deal with the ins and outs of music publishing and copyright. A few years back the two realized that both of those parts make the perfect whole. Andy, with a background in music therapy, and Rachel with a background in music publishing. They formed, SingFit, a company with the goal of bringing music therapy to the largest audience possible. From the Singfit.com… SingFit™ PRIME is a turnkey solution that allows even those with no musical experience to facilitate group activities, tailored specifically for their participants' age and musical tastes as well as cognitive and physical health. An award-winning therapeutic music solution, SingFit™ PRIME is created specifically for older adults in senior living communities, adult day programs, and skilled-nursing facilities. The unique Lyric Coach means even those with dementia can joyfully take part in the turnkey SingFit PRIME sessions. It's an interview that meanders from music cues for forgetful opera divas, Gabby Giffords love of Tom Petty, and finally ends up on BlueBerry Hill.]]> 32:27 true 2 9 full A Black Rubber Juice Bar A Black Rubber Juice Bar Mon, 11 Feb 2019 08:00:00 +0000 Gregory Roach Season 2/ Episode 8 Sometimes, you just want to sit back, have a cup of coffee and listen to war stories from a bygone era. This is that kind of Podcast.. Gregory Roach has had an eclectic career. He worked at "Grendel's Lair", the storied nightclub in Philadelphia, worked as the lighting guy for a comedy club in New York City, went on the road with Billy Joel and Pat Benatar, he even designed a "Rubber Juice Bar" for Studio 54. It's a conversation that proves that sometimes it's the guys behind the scenes that have all the fun.]]> Gregory Roach Season 2/ Episode 8 Sometimes, you just want to sit back, have a cup of coffee and listen to war stories from a bygone era. This is that kind of Podcast.. Gregory Roach has had an eclectic career. He worked at "Grendel's Lair", the storied nightclub in Philadelphia, worked as the lighting guy for a comedy club in New York City, went on the road with Billy Joel and Pat Benatar, he even designed a "Rubber Juice Bar" for Studio 54. It's a conversation that proves that sometimes it's the guys behind the scenes that have all the fun.]]> 30:56 true 2 8 full A Whole Series of Music Events A Whole Series of Music Events Mon, 28 Jan 2019 10:00:00 +0000 Judith Finell - Judith Finell, Music Service Season 2/ Episode 8 You probably didn't watch, but on a Saturday night in April of 1983, "The Return of the Man from U.N.C.L.E.: The Fifteen Years Later Affair," aired on NBC. Trust me on this; it was a classic of 1980s television - paunchy middle-aged heroes, central casting villains, backlot sets, stock footage explosions - The 12-year-old me could not get enough. Our intrepid heroes even cross paths with a fellow spy - a suave Brit, wearing a dashing tux, driving an Aston Martin (complete with the license plate, "JB"). His car featured cool gadgets, he had a starlet on his arm, and there was that memorable James Bond theme. "James Bond!!! They got James Bond - Cool" The 12 year old me was - again - thrilled out of his mind. The thing is, "they" didn't, "get" James Bond. They got an actor (admittedly, the actor happened to be George Lazenby, reprising his role as James Bond, so there wasn't much question), they got an Aston Martin, they even got the James Bond theme (sort of). All the clues were there, I was supposed to think it was James Bond, but they never once uttered the words, "James" or "Bond." The music was the giveaway, it sounded "Bondian," it was almost the famous Monty Norman theme from the 1960s, but it just wasn't. The ersatz, "NBC Saturday Night Movie" music came right up to the edge of being James Bond but was afraid to jump. That's the subject of this podcast. A few weeks back we pushed our podcast with Judith Finell, Judith was the lead musicologist in the "Blurred Lines" case involving Robin Thicke, Pharrell Williams and the Marvin Gaye State Estate. This episode is part of 2 of that interview. When we finished discussing the subtler points of copyright and plagiarism we ended delving into another area of Judith's expertise. "Sound-Alikes." Frankly, since that Saturday Night in 1983, I've always been fascinated by these, "almost" songs. TV throughout the 1980s and 1990s were full of them. Songs where it was clear the producers wanted a top 10 hit but also apparently didn't want to pay top ten prices. So what does it take to come right up to the edge in music? How can you evoke the James Bond theme, without paying James Bond Prices? We also discuss Stairway to Heaven, the sound the Transporter makes in Star Trek, the Mission Impossible theme, and a little 45 record McDonald's gave away in the 1990s.]]> Judith Finell - Judith Finell, Music Service Season 2/ Episode 8 You probably didn't watch, but on a Saturday night in April of 1983, "The Return of the Man from U.N.C.L.E.: The Fifteen Years Later Affair," aired on NBC. Trust me on this; it was a classic of 1980s television - paunchy middle-aged heroes, central casting villains, backlot sets, stock footage explosions - The 12-year-old me could not get enough. Our intrepid heroes even cross paths with a fellow spy - a suave Brit, wearing a dashing tux, driving an Aston Martin (complete with the license plate, "JB"). His car featured cool gadgets, he had a starlet on his arm, and there was that memorable James Bond theme. "James Bond!!! They got James Bond - Cool" The 12 year old me was - again - thrilled out of his mind. The thing is, "they" didn't, "get" James Bond. They got an actor (admittedly, the actor happened to be George Lazenby, reprising his role as James Bond, so there wasn't much question), they got an Aston Martin, they even got the James Bond theme (sort of). All the clues were there, I was supposed to think it was James Bond, but they never once uttered the words, "James" or "Bond." The music was the giveaway, it sounded "Bondian," it was almost the famous Monty Norman theme from the 1960s, but it just wasn't. The ersatz, "NBC Saturday Night Movie" music came right up to the edge of being James Bond but was afraid to jump. That's the subject of this podcast. A few weeks back we pushed our podcast with Judith Finell, Judith was the lead musicologist in the "Blurred Lines" case involving Robin Thicke, Pharrell Williams and the Marvin Gaye State Estate. This episode is part of 2 of that interview. When we finished discussing the subtler points of copyright and plagiarism we ended delving into another area of Judith's expertise. "Sound-Alikes." Frankly, since that Saturday Night in 1983, I've always been fascinated by these, "almost" songs. TV throughout the 1980s and 1990s were full of them. Songs where it was clear the producers wanted a top 10 hit but also apparently didn't want to pay top ten prices. So what does it take to come right up to the edge in music? How can you evoke the James Bond theme, without paying James Bond Prices? We also discuss Stairway to Heaven, the sound the Transporter makes in Star Trek, the Mission Impossible theme, and a little 45 record McDonald's gave away in the 1990s.]]> 19:54 false full Judith Has Perfect Pitch Judith Has Perfect Pitch Mon, 17 Dec 2018 07:00:00 +0000 Judith Finell, Musicologist, president of Judith Finell Music Services Season 2, Episode 6 Ever started explaining something to a friend, and you can tell, usually, immediately, this person has no idea what you're talking about (you can see it in the eyes). When that happens, I always make up a little story... "It's like trying to describe the idea of fusion to a clueless platypus." Or... "It's like explaining the theory of general relativity to a stupid rabbit." Or... "It's like discussing the concepts of thermodynamics with a slow turtle. " With that in mind, the best way to describe this podcast would be,  "Trying to describe Music Theory to a Dimwitted Penguin." And, in this case, the "Dimwitted Penguin" happens to be me. That's mainly because this episode covers the ideas of plagiarism, music, copyright, and the law. Three things I can't always wrap my brain around. The background for this episode revolves around the "Blurred Lines" court case from a few years back. It started back in 2013 when the Marvin Gaye Estate sued Robin Thicke and Pharrell Williams over their single, "Blurred Lines".  The Gaye Family claimed that Thick and Williams didn't so much write a song as they just stole the music from Marvin Gay's 1977 song, "Give it up." To me, it seemed like a pretty straightforward case - they did steal it, or they didn't?  But nothing is ever easy. How do you prove, prove to a jury that something is a copy? Two songs may sound the same - but are they the same? How can you prove plagiarism and how can you prove it in a court of law. Can you even copyright a sound? So, in the case of, "Blurred Lines," the Marvin Gaye Estate turned to Judith Finell. Judith is a musicologist, and she happens to understand music, the law, plagiarism and copyright better than anyone... From her website... She has testified in disputes for Michael Jackson, Sony/CBS, Warner-Chappell, the estates of Igor Stravinsky and Bob Marley and before the Copyright Royalty Board in Washington on behalf of the National Music Publishers Assn. in a dispute with the RIAA. Ms. Finell's firm regularly advises entertainment company clients on licensing and risk avoidance in copyright matters, including HBO, Sony Pictures, Disney, Grey Advertising, Lionsgate, LucasFilms, CBS, and others. It's an insightful conversation. We discuss the definition of, "musicologist," how Judith, "sees" music in her head, How copyright law forced her to play the piano in court, and how she was able to convince a jury that two songs are indeed the same. Plus, Judith tells us what exactly is, "Perfect Pitch."]]> Judith Finell, Musicologist, president of Judith Finell Music Services Season 2, Episode 6 Ever started explaining something to a friend, and you can tell, usually, immediately, this person has no idea what you're talking about (you can see it in the eyes). When that happens, I always make up a little story... "It's like trying to describe the idea of fusion to a clueless platypus." Or... "It's like explaining the theory of general relativity to a stupid rabbit." Or... "It's like discussing the concepts of thermodynamics with a slow turtle. " With that in mind, the best way to describe this podcast would be, "Trying to describe Music Theory to a Dimwitted Penguin." And, in this case, the "Dimwitted Penguin" happens to be me. That's mainly because this episode covers the ideas of plagiarism, music, copyright, and the law. Three things I can't always wrap my brain around. The background for this episode revolves around the "Blurred Lines" court case from a few years back. It started back in 2013 when the Marvin Gaye Estate sued Robin Thicke and Pharrell Williams over their single, "Blurred Lines". The Gaye Family claimed that Thick and Williams didn't so much write a song as they just stole the music from Marvin Gay's 1977 song, "Give it up." To me, it seemed like a pretty straightforward case - they did steal it, or they didn't? But nothing is ever easy. How do you prove, prove to a jury that something is a copy? Two songs may sound the same - but are they the same? How can you prove plagiarism and how can you prove it in a court of law. Can you even copyright a sound? So, in the case of, "Blurred Lines," the Marvin Gaye Estate turned to Judith Finell. Judith is a musicologist, and she happens to understand music, the law, plagiarism and copyright better than anyone... From her website... She has testified in disputes for Michael Jackson, Sony/CBS, Warner-Chappell, the estates of Igor Stravinsky and Bob Marley and before the Copyright Royalty Board in Washington on behalf of the National Music Publishers Assn. in a dispute with the RIAA. Ms. Finell's firm regularly advises entertainment company clients on licensing and risk avoidance in copyright matters, including HBO, Sony Pictures, Disney, Grey Advertising, Lionsgate, LucasFilms, CBS, and others. It's an insightful conversation. We discuss the definition of, "musicologist," how Judith, "sees" music in her head, How copyright law forced her to play the piano in court, and how she was able to convince a jury that two songs are indeed the same. Plus, Judith tells us what exactly is, "Perfect Pitch."]]> 27:41 false full "Blurred Lines" was it Plagiarism? "Blurred Lines" was it Plagiarism? Mon, 26 Nov 2018 08:30:00 +0000 Paul Resnikoff - Founder, Digital Music News Season 2/ Episode 5 The second season finale of the original Star Trek back in 1969 was an odd episode. You will see where I am going with this in a moment..... Yes, Kirk and Spock are in the top of the show, Kirk and Spock are at the close of the show, but the meat of the show, the entire episode, is taken up with the story of some guy named - "Gary Seven." Gary Seven is a human who, as it turns out, was kidnapped by aliens and sent back to earth to protect us from... whatever, that's not the point... The point is (and was), Gene Roddenberry was using one show - Star Trek, to promote another show, in this case, a show about some guy named - Gary Seven. (In the end the show, something of a Doctor Who Ripoff, never got picked up and the whole affair is now nothing more than a fantastic bit of a Star Trek Trivia... but, again, that's not the point.) So with all that in mind you will notice that Jeff and I are in the top of today's show, we are in the close of the close of today's show, but the meat of the episode, most of this show is taken up by a guy named Paul Resnikoff. Paul Resnikoff is no Gary Seven.  Paul created and runs - Digital Music News (www.digitalmusicnews.com), the most comprehensive and up to date site on the current state of Digital Music. "Digital Music News is the information authority for music industry and technology executives." We're a highly influential source of news and industry analysis for millions of readers worldwide. Our audience is comprised of highly-targeted decision-makers from every segment of the business, including recordings, publishing, streaming, live concerts, talent development, venture capital, and broader tech. Digital Music News  Gary Seven Paul also happens to run a podcast of the same name, and if you like 21Khz, you'll love the Digital Music News podcast. This particular episode we're sharing focuses on the lawsuit surrounding,  "Blurred Lines."  That was the 2013 Robin Thicke/ Pharrell Williams song that, because of accusations of copyright infringement by the Marvin Gaye Estate, ended up in some five years of litigation. The central issue in that case, Who wrote the song? Robin Thicke and Pharrell Williams or Marvin Gaye? It's one of those stories that hits the sweet spot for music, and business and copyright. PLUS... Come back in a few weeks; we'll have our take on the "Blurred Lines" case, we'll have an interview with Judith Finell. Judith was the world-renowned musicologist with the unenviable assignment of having to convince a jury that, the music they were hearing, didn't just sound like something Marvin Gaye might have written. It was a piece of music indeed written by Marvin Gaye.]]> Paul Resnikoff - Founder, Digital Music News Season 2/ Episode 5 The second season finale of the original Star Trek back in 1969 was an odd episode. You will see where I am going with this in a moment..... Yes, Kirk and Spock are in the top of the show, Kirk and Spock are at the close of the show, but the meat of the show, the entire episode, is taken up with the story of some guy named - "Gary Seven." Gary Seven is a human who, as it turns out, was kidnapped by aliens and sent back to earth to protect us from... whatever, that's not the point... The point is (and was), Gene Roddenberry was using one show - Star Trek, to promote another show, in this case, a show about some guy named - Gary Seven. (In the end the show, something of a Doctor Who Ripoff, never got picked up and the whole affair is now nothing more than a fantastic bit of a Star Trek Trivia... but, again, that's not the point.) So with all that in mind you will notice that Jeff and I are in the top of today's show, we are in the close of the close of today's show, but the meat of the episode, most of this show is taken up by a guy named Paul Resnikoff. Paul Resnikoff is no Gary Seven. Paul created and runs - Digital Music News (www.digitalmusicnews.com), the most comprehensive and up to date site on the current state of Digital Music. "Digital Music News is the information authority for music industry and technology executives." We're a highly influential source of news and industry analysis for millions of readers worldwide. Our audience is comprised of highly-targeted decision-makers from every segment of the business, including recordings, publishing, streaming, live concerts, talent development, venture capital, and broader tech. Digital Music News Gary Seven Paul also happens to run a podcast of the same name, and if you like 21Khz, you'll love the Digital Music News podcast. This particular episode we're sharing focuses on the lawsuit surrounding, "Blurred Lines." That was the 2013 Robin Thicke/ Pharrell Williams song that, because of accusations of copyright infringement by the Marvin Gaye Estate, ended up in some five years of litigation. The central issue in that case, Who wrote the song? Robin Thicke and Pharrell Williams or Marvin Gaye? It's one of those stories that hits the sweet spot for music, and business and copyright. PLUS... Come back in a few weeks; we'll have our take on the "Blurred Lines" case, we'll have an interview with Judith Finell. Judith was the world-renowned musicologist with the unenviable assignment of having to convince a jury that, the music they were hearing, didn't just sound like something Marvin Gaye might have written. It was a piece of music indeed written by Marvin Gaye.]]> 01:04:17 true 2 5 full Really Cool Uncorrelated assets Really Cool Uncorrelated assets Wed, 07 Nov 2018 10:00:00 +0000 What a piece of the Merrie Melodies? How about Bette Midler? Etta James? Santana? Well, they have all been for sale. One of the goals of this podcast has been to figure out all the ways music can generate money. We know about album sales, we've talked endlessly about streaming rights, we've discussed those "big fat juicy contracts" (that don't exist anymore). But what about music futures? Ever wanted to be modern versions of Randolph and Mortimer Duke? (Go ahead look it up, I'll wait). What if you could buy the rights to a piece of music that already exists, and is already generating an income? Well, Royalty Exchange, a company based out of Denver, Colorado allows you to do just that. But buying a song is different than buying Frozen Concentrate Orange Juice futures. Music brings along its own set of regulations and mechanisms for reporting and tracking sales and distribution. The ASCAP's and BMI's of the world see to it that music is monitored and reported with the idea of eventually paying the owner any particular piece of music. So in the case of a song, past performance may be a predictor of future earnings (with, of course, all the usual caveats). It's a conversation that fascinated me from the beginning.]]> What a piece of the Merrie Melodies? How about Bette Midler? Etta James? Santana? Well, they have all been for sale. One of the goals of this podcast has been to figure out all the ways music can generate money. We know about album sales, we've talked endlessly about streaming rights, we've discussed those "big fat juicy contracts" (that don't exist anymore). But what about music futures? Ever wanted to be modern versions of Randolph and Mortimer Duke? (Go ahead look it up, I'll wait). What if you could buy the rights to a piece of music that already exists, and is already generating an income? Well, Royalty Exchange, a company based out of Denver, Colorado allows you to do just that. But buying a song is different than buying Frozen Concentrate Orange Juice futures. Music brings along its own set of regulations and mechanisms for reporting and tracking sales and distribution. The ASCAP's and BMI's of the world see to it that music is monitored and reported with the idea of eventually paying the owner any particular piece of music. So in the case of a song, past performance may be a predictor of future earnings (with, of course, all the usual caveats). It's a conversation that fascinated me from the beginning.]]> 19:13 true 2 4 full Monetizing a mood Monetizing a mood - Danny Turner, SVP Mood Media Mon, 27 Aug 2018 08:30:00 +0000 Danny Turner - Monetizing Moods. Global Senior Vice President for Creative Programming at Mood Media Season 2/ Episode 3 I've never been able to get the final scene from the "Blues Brothers," out of my head. Jake and Elwood spend the entirety of the (in my opinion fantastic) movie racing to the Cook County Assessors office, desperate to pay the back taxes on the orphanage. The final few moments of their quest (chased by thousands of members of Illinois law Enforcement) spent waiting in the elevator, staring at the blank walls, while the dulcet tones of "The Girl from Ipanema,"plays over the loudspeakers. The scene doesn't need words, and we've all been there. Staring at elevator walls, avoiding any eye contact, canned elevator Muzak playing over the elevator speakers to fill the silence. Just say the word, "Muzak," and "The Girl From Ipanema" jumps immediately to mind. But here's the thing, Muzak, as we thought we knew it, no longer exists. Muzak hasn't been a company since 2011 when it was acquired, for $345 million by a company called, Mood Media*. Why would anyone pay $345 million for the company behind, "The Girl from Ipanema"?  Well - according to Danny Turner, Global Senior Vice President for Creative Programming at Mood Media - it was money well spent. Mood Media is an Austin, Texas-based company, which will create the perfect mood for their clients. From their website... Mood Media is the world's leading in-store media solutions company dedicated to elevating the Customer Experience. We create greater emotional connections between brands and consumers through the right combination of sight, sound, scent, social mobile, and systems solutions.  Music, sight, sounds, smells. Everything you would need to create the perfect mood for your shopping mall, high-end hotel or corporate lobby. Mood Media yanked the "The Girl from Ipanema," kicking and screaming away from the relaxing beaches of Rio de Janeiro and dropped her right into the middle of the edgy world of modern consumer culture. It's a great interview, Danny explains a little about the history behind Muzak, about the power of music to create a mood, what is the difference between a playlist and true curation, and how artists can make a living off composing music for Mood Media. * OK, sorry, we messed up a bit. A few times (actually, like 8) in the interview we mistakenly called the company, "Mood Music"... it's called Mood Media, and we were wrong (very wrong.)]]> Danny Turner - Monetizing Moods. Global Senior Vice President for Creative Programming at Mood Media Season 2/ Episode 3 I've never been able to get the final scene from the "Blues Brothers," out of my head. Jake and Elwood spend the entirety of the (in my opinion fantastic) movie racing to the Cook County Assessors office, desperate to pay the back taxes on the orphanage. The final few moments of their quest (chased by thousands of members of Illinois law Enforcement) spent waiting in the elevator, staring at the blank walls, while the dulcet tones of "The Girl from Ipanema,"plays over the loudspeakers. The scene doesn't need words, and we've all been there. Staring at elevator walls, avoiding any eye contact, canned elevator Muzak playing over the elevator speakers to fill the silence. Just say the word, "Muzak," and "The Girl From Ipanema" jumps immediately to mind. But here's the thing, Muzak, as we thought we knew it, no longer exists. Muzak hasn't been a company since 2011 when it was acquired, for $345 million by a company called, Mood Media*. Why would anyone pay $345 million for the company behind, "The Girl from Ipanema"? Well - according to Danny Turner, Global Senior Vice President for Creative Programming at Mood Media - it was money well spent. Mood Media is an Austin, Texas-based company, which will create the perfect mood for their clients. From their website... Mood Media is the world's leading in-store media solutions company dedicated to elevating the Customer Experience. We create greater emotional connections between brands and consumers through the right combination of sight, sound, scent, social mobile, and systems solutions. Music, sight, sounds, smells. Everything you would need to create the perfect mood for your shopping mall, high-end hotel or corporate lobby. Mood Media yanked the "The Girl from Ipanema," kicking and screaming away from the relaxing beaches of Rio de Janeiro and dropped her right into the middle of the edgy world of modern consumer culture. It's a great interview, Danny explains a little about the history behind Muzak, about the power of music to create a mood, what is the difference between a playlist and true curation, and how artists can make a living off composing music for Mood Media. * OK, sorry, we messed up a bit. A few times (actually, like 8) in the interview we mistakenly called the company, "Mood Music"... it's called Mood Media, and we were wrong (very wrong.)]]> 38:17 true 2 3 full So ... What is Music Publishing Administration? So...What Is Music Publishing Fri, 20 Jul 2018 13:00:00 +0000 "Wait … You were in a Christian Rock Band?  And you had to talk with Mr. Potty mouth - Me?" "It's OK Jeff, I've been in the music business a long time" Season 2/ Episode 2 - John Barker, and Everything you ever wanted to know about licensing - but (of course) were afraid to ask. I like to quote Donald Rumsfeld (Sorry, but I do) ... "There are things that we know we DON'T know, and there are things we didn't even know we needed to know." This is one of the episodes where we ask the questions you didn't know needed to be asked.  We talk with John about music publishing, administration, songwriters, copyrights,  licensing, collection, why it's crucial to do so, and what happens if you don't.  John Barker knows these things, for nearly 20 years John has run his company, Clearbox Global out of Nashville to help songwriters and music publishers deal with exactly these kinds of questions. Plus, he regales us with stories of Michael Jackson, Dolly Parton and Emmy Lou Harris.]]> Season 2/ Episode 2 - John Barker, and Everything you ever wanted to know about licensing - but (of course) were afraid to ask. I like to quote Donald Rumsfeld (Sorry, but I do) ... "There are things that we know we DON'T know, and there are things we didn't even know we needed to know." This is one of the episodes where we ask the questions you didn't know needed to be asked. We talk with John about music publishing, administration, songwriters, copyrights, licensing, collection, why it's crucial to do so, and what happens if you don't. John Barker knows these things, for nearly 20 years John has run his company, Clearbox Global out of Nashville to help songwriters and music publishers deal with exactly these kinds of questions. Plus, he regales us with stories of Michael Jackson, Dolly Parton and Emmy Lou Harris.]]> 34:48 false 2 2 full "It's Carin - Like Car in the Garage" "It's Carin - Like Car in the Garage" Fri, 29 Jun 2018 13:00:00 +0000 Season 2/ Episode 1: Carin Gilfry – "Carin – Like Car in the Garage" Three things you need to know about today's podcast… First, "yes" we have been away for a little while. Life, work, family – all the things that get in the way of a successful podcast, managed to get in the way of our successful podcast. But we're back, and we have close to a dozen podcasts lined up and ready to go. Second, Carin pronounces her name, "car-in" as in, "the car is in the garage." Third, you might have already heard of Carin because she's kind of famous for being locked in a closet and you can listen to that part of her interview down below. So why Carin? I like deep dives into particular professions because they invariably have great stories. So I figured, "Let's talk to someone who does voice-overs," see what we can find. Starting her career as an opera singer (I liked to picture her belting out an aria wearing Viking horns while grasping a spear), Carin didn't disappoint. Despite singing at some of the world's most famous venues, a love of Opera wasn't paying her bills. So Carin did what many successful artists do, leveraged her strengths, her fantastic voice, and pivoted. She tried her hand at voice-over work and quickly realized in today's fractured media landscape, dulcet tones could pay the bills. Corporate videos, audiobooks, PA systems, even answering machines, everyone is looking for the perfect voice. And now it's more than just voice-overs, Carin now produces children shows, writes music, she'll even write the theme music for your audiobook. And it all started with opera. Looking for more on Carin… AND… she was nice enough to record us a new open.]]> Season 2/ Episode 1: Carin Gilfry – "Carin – Like Car in the Garage" Three things you need to know about today's podcast… First, "yes" we have been away for a little while. Life, work, family – all the things that get in the way of a successful podcast, managed to get in the way of our successful podcast. But we're back, and we have close to a dozen podcasts lined up and ready to go. Second, Carin pronounces her name, "car-in" as in, "the car is in the garage." Third, you might have already heard of Carin because she's kind of famous for being locked in a closet and you can listen to that part of her interview down below. So why Carin? I like deep dives into particular professions because they invariably have great stories. So I figured, "Let's talk to someone who does voice-overs," see what we can find. Starting her career as an opera singer (I liked to picture her belting out an aria wearing Viking horns while grasping a spear), Carin didn't disappoint. Despite singing at some of the world's most famous venues, a love of Opera wasn't paying her bills. So Carin did what many successful artists do, leveraged her strengths, her fantastic voice, and pivoted. She tried her hand at voice-over work and quickly realized in today's fractured media landscape, dulcet tones could pay the bills. Corporate videos, audiobooks, PA systems, even answering machines, everyone is looking for the perfect voice. And now it's more than just voice-overs, Carin now produces children shows, writes music, she'll even write the theme music for your audiobook. And it all started with opera. Looking for more on Carin… AND… she was nice enough to record us a new open.]]> 36:28 false 2 1 full The Dead Kennedys: Safe Harbors, Cheap Cotton & when Google bought YouTube The Dead Kennedys: Safe Harbors, Cheap Cotton & when Google bought YouTube Tue, 23 Aug 2016 07:00:00 +0000 "People need to look at the Internet as a plantation sharecropper system - Yeah, you got your cotton really cheap but is that how you want society to go forward?" Episode 012: East Bay Ray -  Safe Harbors and Cheap Cotton.  From its infancy in the San Francisco Bay area in the 1970s to today, the enduring legacy of the Dead Kennedys, is due in no small part to its founding member, East Bay Ray.  Ray's Music, The Oakland Tribune cited ray as penning, "some of the most recognizable and memorable guitar riffs to emerge from the initial West Coast punk movement", and Ray's drive have kept the band alive and relevant for more than three decades.   So how does a self described, "middle class band", one who managed to survive, Napster, The PMRC, and the wrath of local sheriffs survive in age of the internet?  It's not easy.  As someone who considers himself a modern, "Renaissance Man… someone who thinks with both sides of his brain", Ray is worried about the future of music.  Since Google purchased YouTube, Ray argues, he has seen local artists in the Bay area's, "income cut by half."  He's seen the Dead Kennedy's music, - music he wrote, owns and preformed - misused and abused on YouTube; "Our song, 'holiday in Cambodia,' there, a video of just our DK logo and our song playing, and it has I think 14 million "views and that's money for Google is not money for dead Kennedy's."   As for the future?  He doesn't see much hope for another band like the Dead Kennedy's to break through the noise, "There will be music, but it will be blander - because you need an audience 11 times bigger." And thanks to the fact that some of the internet giants of the world hide behind the nation's "Safe Harbor" laws, there isn't much money there for the musicians in any case. "People need to look at the Internet as a plantation sharecropper system - Yeah, you got your cotton really cheap but is that how you want society to go forward?" Its a fascinating look at the past, present and future of Music, through the eyes of one of the music industry giants. ]]> "People need to look at the Internet as a plantation sharecropper system - Yeah, you got your cotton really cheap but is that how you want society to go forward?" Episode 012: East Bay Ray - Safe Harbors and Cheap Cotton. From its infancy in the San Francisco Bay area in the 1970s to today, the enduring legacy of the Dead Kennedys, is due in no small part to its founding member, East Bay Ray. Ray's Music, The Oakland Tribune cited ray as penning, "some of the most recognizable and memorable guitar riffs to emerge from the initial West Coast punk movement", and Ray's drive have kept the band alive and relevant for more than three decades. So how does a self described, "middle class band", one who managed to survive, Napster, The PMRC, and the wrath of local sheriffs survive in age of the internet? It's not easy. As someone who considers himself a modern, "Renaissance Man… someone who thinks with both sides of his brain", Ray is worried about the future of music. Since Google purchased YouTube, Ray argues, he has seen local artists in the Bay area's, "income cut by half." He's seen the Dead Kennedy's music, - music he wrote, owns and preformed - misused and abused on YouTube; "Our song, 'holiday in Cambodia,' there, a video of just our DK logo and our song playing, and it has I think 14 million "views and that's money for Google is not money for dead Kennedy's." As for the future? He doesn't see much hope for another band like the Dead Kennedy's to break through the noise, "There will be music, but it will be blander - because you need an audience 11 times bigger." And thanks to the fact that some of the internet giants of the world hide behind the nation's "Safe Harbor" laws, there isn't much money there for the musicians in any case. "People need to look at the Internet as a plantation sharecropper system - Yeah, you got your cotton really cheap but is that how you want society to go forward?" Its a fascinating look at the past, present and future of Music, through the eyes of one of the music industry giants. ]]> 28:19 true full Punk Rock - By Way of Capitalism Punk Rock - By Way of Capitalism Mon, 27 Jun 2016 05:00:00 +0000 Shawn Stern didn't set out to become a Punk Rock Icon.  When he - along with his two brothers - created the (now) seminal band Youth Brigade back in 1980, all they really wanted to do was play music and hang with friends.  Punk Rock, he quickly realized, was the perfect venue for that lifestyle, "We (could) play music, we don't have to be really good,… and you could talk about the problems - that really still exist - that (pop music) won't talk about."  But Punk Rockers need to eat.  So, when the major labels couldn't care less about distributing BYO's albums, when club owners didn't want to book the band, and when promoters wouldn't return his phone calls - Shawn went DIY.  Again with his brother, "This is a family affair," Shawn cashed in his Bar Mitzvah Bonds (in the process screwing Bank of America) and started his own label - BYO Records. "It's not rocket science, We learned early on how businesses work without ever taking a business class, I don't know to me it's just logical."  Suddenly, Shawn was more than Youth Brigades lead singer, he was an entrepreneur, de-facto CEO, and both President and CFO of his own company. In this episode of 21KHZ, How Shawn Stern managed to run a punk rock label and still keep his soul.]]> Shawn Stern didn't set out to become a Punk Rock Icon. When he - along with his two brothers - created the (now) seminal band Youth Brigade back in 1980, all they really wanted to do was play music and hang with friends. Punk Rock, he quickly realized, was the perfect venue for that lifestyle, "We (could) play music, we don't have to be really good,… and you could talk about the problems - that really still exist - that (pop music) won't talk about." But Punk Rockers need to eat. So, when the major labels couldn't care less about distributing BYO's albums, when club owners didn't want to book the band, and when promoters wouldn't return his phone calls - Shawn went DIY. Again with his brother, "This is a family affair," Shawn cashed in his Bar Mitzvah Bonds (in the process screwing Bank of America) and started his own label - BYO Records. "It's not rocket science, We learned early on how businesses work without ever taking a business class, I don't know to me it's just logical." Suddenly, Shawn was more than Youth Brigades lead singer, he was an entrepreneur, de-facto CEO, and both President and CFO of his own company. In this episode of 21KHZ, How Shawn Stern managed to run a punk rock label and still keep his soul.]]> 26:27 true full Hey! Let's Not Pay the Americans! Hey! Let's Not Pay the Americans! Wed, 24 Feb 2016 08:00:00 +0000 “This is a labyrinth of rules…. “ Gino Olivieri, President Premier Muzik. Are American Performers getting the money owed to them?  In many cases – no, and it’s all perfectly legal.  Back on October 26, 1961, representatives from 26 countries signed the, “Rome Convention for the Protection of Performers, Producers of Phonograms and Broadcasting Organizations”.  Among other agreements, the treaty’s signers agreed that Broadcasters must pay performers (think singers and band members) for the use of their music – your song gets played on the radio - You get paid.  Seems simple? Yeah, Right.    The United Kingdom signed the treaty, Ecuador signed the treaty, Congo signed the treaty.  The United States of America, however, did not sign the treaty and never has.  So for the past 55 years, while performers from Moldova, Fiji and Togo (all signatories) have seen money when their music is played on the radio.  For Americans… nothing. This is real money, over the years some billions (yes – “Billions”) of dollars have been left on the table.  That is money going into everyone else’s pockets, everyone except the American performers who are owed that money.  Today we talk with Gino Olivieri, the President of Premier Muzik, a Canadian company who has made it their mission to see that all artists - especially Americans - get all the money, owed to them.    It’s a complicated, fascinating and lucrative listen.   ]]> “This is a labyrinth of rules…. “ Gino Olivieri, President Premier Muzik. Are American Performers getting the money owed to them? In many cases – no, and it’s all perfectly legal. Back on October 26, 1961, representatives from 26 countries signed the, “Rome Convention for the Protection of Performers, Producers of Phonograms and Broadcasting Organizations”. Among other agreements, the treaty’s signers agreed that Broadcasters must pay performers (think singers and band members) for the use of their music – your song gets played on the radio - You get paid. Seems simple? Yeah, Right. The United Kingdom signed the treaty, Ecuador signed the treaty, Congo signed the treaty. The United States of America, however, did not sign the treaty and never has. So for the past 55 years, while performers from Moldova, Fiji and Togo (all signatories) have seen money when their music is played on the radio. For Americans… nothing. This is real money, over the years some billions (yes – “Billions”) of dollars have been left on the table. That is money going into everyone else’s pockets, everyone except the American performers who are owed that money. Today we talk with Gino Olivieri, the President of Premier Muzik, a Canadian company who has made it their mission to see that all artists - especially Americans - get all the money, owed to them. It’s a complicated, fascinating and lucrative listen. ]]> 25:18 true full So what happens AFTER you disrupt an entire industry? So what happens AFTER you disrupt an entire industry? Mon, 21 Dec 2015 08:00:00 +0000 So what happens AFTER you disrupt an entire industry? When last we saw him, Michael Robertson and MP3.com managed to uproot the business model of the entire music industry.  Physical media, he realized, didn’t matter.  People weren’t interested in CDs, cassettes or vinyl; they wanted music, and they wanted to it digitally. For Michael Robertson, the man who took a chance and spent $1000 on “Two letters and a number,” the world was never the


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American Express Company (AXP) Stock News & Articles - 24/7 Wall St. Insightful Analysis and Commentary for U.S. and Global Equity Investors Thu, 16 Jul 2026 03:25:59 +0000 en-US hourly 1 Warren Buffett Says He Now Likes “Four or Five” Businesses Berkshire Owns More than Alphabet. What Are They? Thu, 16 Jul 2026 11:02:00 +0000 ... Warren Buffett Says He Now Likes “Four or Five” Businesses Berkshire Owns More than Alphabet. What Are They?]]> The post Warren Buffett Says He Now Likes “Four or Five” Businesses Berkshire Owns More than Alphabet. What Are They? appeared first on 24/7 Wall St.. Warren Buffett personally initiated Berkshire Hathaway's $10 billion stake in Alphabet (GOOGL) but ranks it below at least four or five other portfolio companies. Alphabet's Q1 2026 capex reached $35.67B with $175B-$185B full-year guidance, troubling Buffett's preference for capital-light businesses. Buffett favors capital-light, durable pricing power companies like AXP, KO, Moody's, and Occidental Petroleum over hyperscalers. Warren Buffett rarely offers reservations about a $2 trillion tech giant. That’s why his commentary on CNBC on July 15, 2026 caught our attention. The Berkshire Hathaway chairman revealed he personally initiated Berkshire’s Alphabet (NASDAQ: GOOGL) position, a stake now worth more than $31 billion once you include a separate $10 billion private placement, then promptly explained why he still isn’t in love with it. “I would say that I don’t like it as well as at least four or five other businesses that we own,” Buffett told CNBC. His concern was the sheer capital intensity of the AI arms race: “The real question with Google and all of its competitors now, because they’re all laying out hundreds of billions, and…that’s real money…That’s the game they’re playing now. They weren’t playing that game with computer software.” Alphabet’s numbers back up his math. Management guided 2026 capital expenditures to $175 billion to $185 billion, and Q1 2026 capex alone hit $35.67 billion, more than double the prior year. The stock has responded well anyway, up 18.50% year to date and 102.05% over the past year. But which four or five businesses does Buffett prefer over Alphabet? Given Berkshire’s recent buying patterns and long-tenured positions, four candidates stand out. American Express (AXP) American Express (NYSE:AXP) is arguably Buffett’s most emotionally anchored position, dating to the 1960s Salad Oil Scandal. The premium spender franchise is executing: Q1 2026 delivered EPS of $4.28 on revenue of $18.91 billion, with billed business of $428.0 billion, up 10%. CEO Stephen Squeri highlighted “the highest quarterly [Card Member spending] growth in three years” in the earnings release. Trading at a 22 trailing P/E with a forward P/E of 20, Amex is a capital-light compounder, the opposite of the hyperscaler capex profile that worries Buffett about Alphabet. Coca-Cola (KO) Coca-Cola (NYSE:KO) is the archetypal Buffett business, held since 1988. Q1 2026 revenue rose 12.1% to $12.5 billion, with Coca-Cola Zero Sugar volume up 13% across every segment. Return on equity is a striking 43.4%, and 2025 marked the 63rd consecutive year of dividend increases. Shares have climbed 17.9% year to date. If readers want more Buffett-style compounders like this one, our 7 Warren Buffett Stocks report walks through the current Berkshire lineup worth studying. Moody’s (MCO) Moody’s (NYSE:MCO) is a duopoly toll booth Berkshire has held since the 2000 Dun & Bradstreet spinoff. Q1 2026 revenue rose 8.1% to $2.08 billion, and management called out “record Q1 Investment Grade issuance driven by AI-related financing from hyperscalers”. In an amusing twist, Moody’s is monetizing the very AI capex cycle that gives Buffett pause on Alphabet. Full-year adjusted EPS guidance sits near consensus at $16.40 to $17.00, and Moody’s raised its full-year buyback guidance to roughly $2.5 billion. Occidental Petroleum (OXY) Occidental Petroleum (NYSE:OXY) is Buffett’s most recent big conviction bet, dating to 2019. Berkshire owns roughly 28% of the common stock. Q1 2026 adjusted EPS came in at $1.06 versus $0.59 consensus, and Occidental repaid $7.1 billion in principal debt during the quarter. CEO Vicki Hollub described the portfolio as “the most resilient, competitive, and high-quality portfolio in our history” in the earnings release. Shares are up 32% year to date, easily outpacing Alphabet’s gain. The Fifth Slot Rounding out the list could easily be Apple, Bank of America, or Chevron, all of which remain among Berkshire’s largest disclosed positions. The common thread across Buffett’s preferred businesses is lasting pricing power and modest reinvestment needs, exactly what a hyperscaler shelling out $175 billion-plus a year cannot claim. Alphabet may still earn its keep in the Berkshire book, but the ranking above it is getting crowded. The post Warren Buffett Says He Now Likes “Four or Five” Businesses Berkshire Owns More than Alphabet. What Are They? appeared first on 24/7 Wall St..]]> Warren Buffett’s 3 Favorite Stocks: Buy, Sell or Hold? Wed, 15 Jul 2026 15:30:01 +0000 The post Warren Buffett’s 3 Favorite Stocks: Buy, Sell or Hold? appeared first on 24/7 Wall St.. Apple (AAPL) at $314.86 is rated Hold as the market already prices in flawless execution. American Express shows the strongest momentum with improving credit metrics and valuation cushion. Three of Warren Buffett’s most iconic holdings sit at very different crossroads right now. Apple (NASDAQ:AAPL) at $314.86 is a Hold, American Express (NYSE:AXP) at $355.06 is a Buy, and Coca-Cola (NYSE:KO) at $83.08 is a Hold. Berkshire Hathaway has been reshaping this trio. Apple was trimmed heavily, Coca-Cola was surpassed by Alphabet as the fourth-largest holding, and American Express is closing in on Apple for the top slot. Each stock now has to stand on its own numbers. 24/7 Wall St. Apple: Priced for Flawless Execution The bull case is executing. Q2 FY26 revenue hit $111.2 billion, up 17%, iPhone revenue climbed 22% to $57 billion, and Services set an all-time record at $31 billion. Greater China grew 28% in the March quarter. The board authorized a fresh $100 billion buyback and raised the dividend 4%. Eight consecutive EPS beats back the momentum. The bear case is valuation. Shares trade at a trailing PE of 38 and forward PE of 33, richer than the historical average. Tim Cook exits as CEO on September 1, 2026, and management flagged significantly higher memory costs ahead. Apple is up 16.03% year to date and 51.53% over one year, versus roughly 10.2% for the S&P 500. The analyst target of $315.57 across 47 analysts implies just 0.2% upside. Targets are just one input, and the market is already pricing perfection. The setup argues for patience until a better entry emerges. American Express: Momentum With Runway Left AmEx delivered Q1 FY26 revenue of $18.91 billion and EPS of $4.28 versus $3.99 expected, a 7.24% beat. Billed business rose 10% to $428 billion, the strongest Card Member spending in three years. Management reaffirmed FY26 guidance of 9% to 10% revenue growth and EPS of $17.30 to $17.90, and hiked the dividend 16%. The net write-off rate improved to 2%. Risks include tariff spillover, potential credit card rate caps, and elevated spending on the Platinum refresh. Yet AXP trades at a forward PE of 20 against a $371.38 target from 30 analysts, implying roughly 4.6% upside before dividends. Shares are down 3.25% year to date while the S&P 500 sits near 10.2%, creating relative-value entry. The 15 Hold ratings represent an upgrade cushion if guidance holds, tilting the setup constructive. Coca-Cola: Defensive Quality, Capped Upside The bull case rests on execution. Q1 FY26 organic revenue grew 10%, EPS came in at $0.86 versus $0.81 consensus, and operating margin expanded to 35% from 32.9%. Management raised comparable EPS growth guidance to 8% to 9%. It is the 63rd consecutive year of dividend increases, and free cash flow guidance sits near $12.2 billion. The bear case is the price. KO trades at a PE of 26 with a PEG of 4, and carries a pending Africa bottling sale worth roughly 4% revenue headwind alongside a $960 million BODYARMOR impairment. Shares are up 20.44% year to date, doubling the S&P 500. The $86.81 target across 25 analysts leaves only 4.5% implied upside. At $83.08, Coca-Cola is a Hold. Here is why: the defensive earnings quality is real, but the recent run has borrowed forward returns, and the next catalyst worth acting on is either a valuation reset or a clean close to the Africa transaction. The post Warren Buffett’s 3 Favorite Stocks: Buy, Sell or Hold? appeared first on 24/7 Wall St..]]> PayPal Soars 19% on a Reported $53B Stripe-Advent Takeover Offer: What It Means for Visa, Mastercard, and American Express Wed, 15 Jul 2026 13:01:46 +0000 PayPal (NASDAQ:PYPL) stock is up 19% to $56.60 in early Wednesday trading following a reported joint takeover offer from Stripe and private-equity firm Advent International valued at more than $53 billion, or $60.50 per share. The bid, first reported by Reuters and the Financial Times, both citing unnamed sources, represents a 28% premium to Tuesday’s close. The move puts PayPal stock at its highest level in months and unwinds much of a bruising stretch. Shares had fallen 35% over the past 12 months heading into the report and were still down 18% year to date (YTD) as of Tuesday’s close. PayPal’s payment-sector peers are barely reacting. Visa (NYSE:V) stock is flat at $356, Mastercard (NYSE:MA) shares are flat at $537, and American Express (NYSE:AXP) stock is virtually unchanged at around $356. Reported $53B Bid Sparks the Rally The offer, if it advances, would rank among the largest payments-sector deals in recent memory. Under the reported structure, Stripe and Advent would own PayPal equally, with no plans to break up the business, and the bid is backed by $50 billion in committed financing. Stripe and Advent are private companies, so neither trades publicly. This remains a reported approach rather than a signed deal. PayPal has not responded publicly, and Stripe, Advent, and PayPal all declined to comment. Reuters also indicated that an earlier approach in April went unanswered, with the buyers now pushing for an agreement by month-end. Not everyone thinks $60.50 is enough. On his Substack, “The Big Short” investor Michael Burry called the bid “simply too low” and “only an opening bid,” stated he is not selling PayPal shares, and pegged fair value in a $75 to $115 range, with a best estimate near $100. Thomas Hayes of Great Hill Capital, quoted in reporting, asserted that even an offer above $80 would undervalue PayPal. Read-Through to Visa, Mastercard, and American Express The muted response in card-network stocks makes sense. Visa and Mastercard are the rails that digital wallets like PayPal and Stripe often run on, so a Stripe-PayPal tie-up is not an obvious fundamental threat to their processing volumes. American Express operates a differentiated closed-loop, premium-cardholder model that competes on a different axis entirely. Year-to-date positioning tells the same story. Visa stock is up 2% YTD, Mastercard shares are down 5%, and American Express stock is down 3%. Traders appear to be treating today’s rally in PayPal as an idiosyncratic M&A event, with a thematic “who could be next” spotlight on payments consolidation rather than a re-rating catalyst for the networks. (For readers exploring the broader payments landscape, our Next NVIDIA Playbook report frames how to think about disruptive platform bets like this one.) To achieve diversified fintech exposure without single-name deal risk, the Global X FinTech ETF (NASDAQ:FINX) offers a basket approach across payments, software, and digital-finance platforms. The ETF is a narrow, thematic fund with concentration risk, so investors should consider keeping their position sizes modest. What to Watch Next The bull case for PayPal is straightforward: a live takeover premium, a trailing P/E ratio of 9x that leaves room for a higher bid, and an improving free cash flow profile under new CEO Enrique Lores. Polymarket traders are currently pricing an 82% probability that PayPal is acquired before 2027, and a 75% probability that Stripe specifically closes a deal in 2026. Reddit sentiment on r/stocks flipped from a bearish score of 22 before the news to bullish scores in the 67 to 72 range overnight, with competitive pressure from Apple (NASDAQ:AAPL) Pay, Google Pay, and other wallets remaining a factor if a deal falls apart. Bear in mind that the offer is unconfirmed, and PayPal has not accepted. Watch for whether PayPal’s board issues a formal response before month-end, whether Stripe and Advent raise the bid to counter Burry-style pushback, and how the stock behaves relative to the $60.50 offer price in the coming days. If PYPL shares trade meaningfully above the bid, the market is probably signaling that it expects a sweetened offer. The post PayPal Soars 19% on a Reported $53B Stripe-Advent Takeover Offer: What It Means for Visa, Mastercard, and American Express appeared first on 24/7 Wall St..]]> The 1 Simple Reason to Buy American Express Before July 24 Earnings Wed, 15 Jul 2026 12:00:03 +0000 The post The 1 Simple Reason to Buy American Express Before July 24 Earnings appeared first on 24/7 Wall St.. American Express (AXP) trades at 20x forward earnings while delivering 18% EPS growth and 16% dividend growth, with the 247 model targeting $390.12. American Express offers retirement investors compounding fee income from its closed-loop network and a 16% dividend hike, combining capital returns with fortress credit metrics. Retirement-focused investors have a compelling setup in American Express (NYSE:AXP) before the July 24 earnings report, and the case is straightforward. A premium-customer franchise growing double digits, an aggressive capital return program, and a stock still trading below its December highs make this a rare setup where the fundamentals, the model, and the calendar all point the same direction. Valuation Is the Easy Part AXP traded around at $359.94 on July 14 against management’s reaffirmed FY2026 EPS guidance of $17.30 to $17.90. That is roughly 20x forward earnings for a business that just posted 18% EPS growth and 10% FX-adjusted revenue growth in Q1. The 24/7 Wall St. model targets $390.12 with 90% confidence, and the Street’s consensus sits at $372.22 across 14 Buy ratings versus just one Sell rating. Shares are down 3.43% year-to-date, offering a cheaper entry on a stronger business. The Income Story Retirement Investors Want Amex hiked its dividend 16% to 95 cents per share quarterly starting Q1 2026. In that single quarter the company returned $2.3 billion to shareholders, split between $0.7 billion in dividends and $1.7 billion in buybacks. Diluted share count fell to 686 million from 702 million, and Q1 ROE hit 35%. Insiders are voting with cash: 21 recent insider transactions with a net buying direction. The July 24 Catalyst Q1 delivered the strongest spend growth in three years: Card Member spending grew 9% FX-adjusted, and Net Card Fees rose 16% FX-adjusted, extending a 30-quarter streak of double-digit net card fee growth. Younger cohorts are compounding: Gen Z spending up 38%, Millennials up 13%. The U.S. Platinum refresh drove a 6-percentage-point acceleration in Platinum spend, most of it from tenured cardholders. Polymarket bettors assign a 74.5% probability that Q2 revenue clears $19.5B. CEO Stephen Squeri summed it up: “We had a very strong start to the year, reflecting continued momentum across our premium customer base.” Why AXP Beats the Obvious Alternative The reflex comparison is Visa (NYSE:V). Visa is a pure transaction toll-taker with no equivalent to AXP’s Net Card Fees line, the fastest-growing pillar at Amex at 16% FX-adjusted growth. AXP also owns the customer relationship through its closed-loop network, which is why over 70% of new accounts are on fee-paying products. Retirement investors get compounding fee income on top of swipe volume, and the credit book is behaving: net write-off rate improved to 2.0% from 2.1%. The July 24 report is the near-term catalyst to watch. The post The 1 Simple Reason to Buy American Express Before July 24 Earnings appeared first on 24/7 Wall St..]]> 3 Warren Buffett Dividend Stocks to Buy in July Fri, 10 Jul 2026 12:30:12 +0000 ... 3 Warren Buffett Dividend Stocks to Buy in July]]> The post 3 Warren Buffett Dividend Stocks to Buy in July appeared first on 24/7 Wall St.. Warren Buffett spent decades assembling Berkshire Hathaway’s equity book around a simple principle: Own high-quality businesses that produce predictable cash flow and share it with owners. Three of the longest-tenured holdings in that portfolio, Coca-Cola, American Express, and Chevron, all pushed their dividends higher over the past six months, and each offers a distinct income and growth profile heading into the back half of 2026. Here’s why July is a reasonable window for investors to examine each one. Coca-Cola (KO) Coca-Cola (NYSE:KO) has been the archetypal Buffett income holding for decades, and the fundamentals still look sturdy. The company delivered $816 million in dividend income to Berkshire in 2025 alone, on a cost-basis yield that Berkshire’s disclosures pegged at 65%. That is what compounding at scale looks like. Q1 2026 results reinforced the thesis. Coca-Cola posted EPS of 86 cents against the 81 cents expected, with revenue of $12.47 billion up 12.1% year over year and organic revenue growth of 10%. Operating margin expanded to 35.0% from 32.9%, and Coca-Cola Zero Sugar volume grew 13%. Management guided FY2026 organic revenue growth to 4-5% and comparable EPS growth to 8-9%. The current quarterly dividend sits at 53 cents per share, up from 51 cents in 2025, extending a streak of annual increases that now stretches back more than six decades. Shares traded around $83.93 on July 8, up more than 21% year to date. The forward P/E of 26 is not cheap and a dividend yield of 2.53% reflects that. The risk: FX headwinds, a $960 million BODYARMOR impairment, and roughly 4% headwind from divestitures including the pending Coca-Cola Beverages Africa sale can weigh on reported growth even as the underlying business hums. American Express (AXP) American Express (NYSE:AXP) is the growth engine of the Buffett dividend trio. The company recently raised its quarterly dividend from $0.82 to $0.95 per share, roughly a 16% bump, and Berkshire collected $479 million in AXP dividend income during 2025 on a 44% cost-basis yield. The stock has gained nearly 125% since the start of 2023, elevating its weight in Berkshire’s equity portfolio. Q1 2026 numbers were strong across the board. AXP reported EPS of $4.28 versus $3.99 expected, revenue of $18.91 billion, and net income of $2.97 billion, up 15%. Billed business hit $428.0 billion, and card member spending climbed 10%, the highest quarterly growth in three years. Net card fee revenues grew double digits for a 30th consecutive quarter. The write-off rate improved to 2.0% from 2.1%. Management reaffirmed FY2026 guidance of 9% to 10% revenue growth and EPS of $17.30 to $17.90. CEO Stephen J. Squeri said, “We had a very strong start to the year, reflecting continued momentum across our premium customer base.” Shares traded around $337.34 on July 8 after an 8.02% rally over the past month, with a forward P/E of 20 and analyst target of $366.58. The risk: Macro and geopolitical uncertainty, potential credit card interest rate caps, and rising variable engagement costs could compress margins if premium spending slows. Chevron (CVX) Chevron (NYSE:CVX) is the highest-yielding name in this group and the one most tied to the commodity cycle. The quarterly dividend was recently raised to $1.78 per share, up from $1.71, extending a 39-year streak of annual increases. Trailing yield sits near 4.08%. Q1 2026 marked Chevron’s sixth consecutive EPS beat. Adjusted EPS came in at $1.41 versus 97 cents expected, a 45.56% beat. Worldwide net oil-equivalent production jumped 15% to 3,858 MBOED, powered by the Hess acquisition and record U.S. output above 2 million bpd for a third straight quarter. Chevron repurchased $2.5 billion in Q1, its 16th consecutive quarter returning more than $5 billion to shareholders. In 2025 alone, the company returned $27.1 billion to shareholders. Wolfe Research upgraded CVX to Outperform with a $210 price target on July 6, citing Guyana as a near-term free cash flow catalyst. CEO Mike Wirth said, “Chevron delivered solid first quarter performance, underscoring the resilience of our portfolio and the value of disciplined execution.” Shares traded around $175.66 on July 8, still up nearly 13% year to date despite a roughly 17% pullback from their 2026 high. The risk: Citigroup sees Brent falling to $60–$65/barrel by year-end, and Goldman Sachs forecasts a 3 million bpd global oil surplus by 2027. Political friction in California and Venezuela operational uncertainty add to the volatility. What to Watch Next Each of these Berkshire mainstays offers a different flavor of the same underlying thesis: durable brands, disciplined capital returns, and dividends that keep climbing. Coca-Cola gives defensive stability, American Express supplies dividend growth with premium-consumer torque, and Chevron delivers the highest current yield with commodity optionality. Upcoming Q2 earnings reports across all three will be the next major test. The post 3 Warren Buffett Dividend Stocks to Buy in July appeared first on 24/7 Wall St..]]> Dave Ramsey: “Citibank and Amex Have Screwed an 85-Year-Old Widow” With $45,000 in Credit Card Debt Tue, 07 Jul 2026 22:09:52 +0000 ... Dave Ramsey: “Citibank and Amex Have Screwed an 85-Year-Old Widow” With $45,000 in Credit Card Debt]]> The post Dave Ramsey: “Citibank and Amex Have Screwed an 85-Year-Old Widow” With $45,000 in Credit Card Debt appeared first on 24/7 Wall St.. American Express (AXP) issued a 21% APR card to an 85-year-old widow on Social Security alone, but cannot collect the $9,385.15 judgment because Social Security is exempt from. This analysis holds only for widows with zero non-Social Security income and no personal assets; any inheritance, paid home. On the June 10, 2026 episode of The Ramsey Show, a caller named Michelle from New York explained that after her father died in July, she discovered her 85-year-old widowed mother had accumulated roughly $45,000 in credit card debt across an Amex, a Citi Mastercard, and a Citi Visa. Her mother owns nothing. The house was transferred to the children in 2006. Social Security is the only income, and about $300 a month is left after fixed expenses. Three collectors are sending letters. American Express has already filed suit for $9,385.15. Dave Ramsey’s response was blunt: “Citibank and Amex have screwed an 85-year-old widow. They issued her card at a high interest rate and she has no income but Social Security.” The stakes are concrete. Panic about a lawsuit can push families to drain their own savings to cover a parent’s card balance they have zero legal obligation to pay. The verdict: Ramsey is right, and the mechanic is called judgment-proof Two rules of federal and state law drive this case. First, debt is not inherited in the United States. When someone dies, creditors get paid from the estate. If the estate holds nothing, they get nothing. Adult children do not owe a parent’s credit card balance unless they cosigned or were joint account holders. Second, Social Security benefits cannot be garnished by commercial creditors. A credit card company can win a judgment and still collect zero dollars if the only income is Social Security and there are no assets to seize. That combination is what Ramsey means by judgment-proof. As he put it: “You cannot garnish Social Security either. So sue away. She’s what we call judgment proof.” Amex can win the $9,385.15 case and still walk away empty-handed. Citi can send letters for years. Neither can force a fixed-income widow with no property to pay. The lending economics matter. The average credit card APR is now 21.00% as of February 2026, in record territory. A $45,000 balance at that rate compounds by roughly $9,450 in interest in a single year, more than the entire Amex lawsuit amount. Issuing revolving credit at 21% to a customer whose only income is Social Security is a business model, not an accident. Why settlement, not silence, is the smart move Being judgment-proof means creditors cannot force payment. It does not mean the phone stops ringing or the lawsuit disappears from court records. That is why Ramsey pushed Michelle toward a negotiated settlement rather than doing nothing. His specific math: offer roughly 10 cents on the dollar to make it go away. On the Amex suit, that is roughly $1,000 against the $9,385.15 claim. Amex knows the collection value of a judgment against a Social Security recipient is close to zero, so a lump-sum offer often clears the account. The family, not the mother, would fund the payment purely to end the hassle. Two guardrails are non-negotiable. Get every settlement offer in writing before sending a dollar, and confirm the letter states the account will be reported as settled in full with no residual balance. Ramsey warned that collectors will say almost anything on a phone call. Share no bank account numbers, no Social Security number, and no details about the mother’s income beyond what a court filing already discloses. The variable that changes the answer The one factor that flips this analysis is whether the debtor has non-exempt assets or non-Social Security income. A widow with a paid-off house in her own name, a pension, an IRA distribution, or a part-time job is not judgment-proof. A creditor can put a lien on the house, levy a bank account holding pension deposits, or garnish wages up to state limits. In Michelle’s case the home moved to the children in 2006 and Social Security is the sole income, so the shield holds. Any change to that fact pattern (a small inheritance, a home in the mother’s name, a survivor annuity) shifts settlement leverage back toward the creditor. What to do this week Confirm the account structure. Pull statements for all three cards. If the mother is the sole account holder and no child cosigned, no heir owes the balance. Answer the Amex lawsuit on time. Ignoring a summons produces a default judgment. Filing a response or hiring a consumer-debt attorney for a flat fee preserves settlement leverage. Send written settlement offers. Start near 10% of each balance. Require a signed letter confirming the account is settled in full before any payment moves. Close and shred every card. New borrowing with no ability to repay is where the moral obligation actually lives. Document Social Security as the sole income. A one-page letter from the SSA showing the 2.8% 2026 COLA benefit amount often ends collection calls faster than any argument. Ramsey’s language was harsh because the lending decision was. A creditor that hands a 21% card to a widow on Social Security is not owed a rescue from her children. The post Dave Ramsey: “Citibank and Amex Have Screwed an 85-Year-Old Widow” With $45,000 in Credit Card Debt appeared first on 24/7 Wall St..]]> Mastercard Vs. American Express: Buy Mastercard to Secure Risk-Free Network Fees and Pure Margin Insulation Thu, 02 Jul 2026 15:11:30 +0000 ... Mastercard Vs. American Express: Buy Mastercard to Secure Risk-Free Network Fees and Pure Margin Insulation]]> The post Mastercard Vs. American Express: Buy Mastercard to Secure Risk-Free Network Fees and Pure Margin Insulation appeared first on 24/7 Wall St.. Mastercard (NYSE:MA) and American Express (NYSE:AXP) both closed the books on Q1 2026 with headline beats, but the businesses underneath tell very different stories. One collects a toll on global commerce. The other funds the plastic in wealthy wallets. With credit card delinquencies sitting at 2.92% and still normalizing, the contrast in risk exposure matters. Network Fees Carry Mastercard. Premium Cards Carry Amex. Mastercard delivered $8.40 billion in revenue, up 15.8% year over year, with EPS of $4.60. The real tell was value-added services and solutions growing 22%, well ahead of the 12% payment network revenue line. CEO Michael Miebach noted: “Mastercard is diversified, future-ready, and delivering.” Cross-border volume climbed 13%, and gross dollar volume touched $2.7 trillion. No lending. No credit provisions. Just fees. American Express posted EPS of $4.28 on revenue of $18.907 billion, with billed business hitting $428.0 billion. Card Member spending accelerated to 9% FX-adjusted, the highest quarterly growth in three years. CEO Stephen Squeri credited the Graphite Business Cash Unlimited Card launch and the NFL global payments partnership. Every dollar of that spend rides on a loan book. Business Driver Mastercard American Express Model Open-loop network, fee-based Closed-loop, issuer plus lender Operating Margin 60.8% 21.2% Credit Exposure None Net write-off rate 2.0% Pure Toll Booth vs. Premium Membership Machine The strategic split shows in what each management team is building. Mastercard is bolting on Mastercard Agent Pay and the planned BVNK acquisition for stablecoin rails. These are software layers on top of a network that scales without adding capital. Amex is pouring investment into Centurion Lounges in Las Vegas and New Delhi, the Resy and Tock dining integration, and the upcoming Platinum refresh. Squeri flagged higher variable customer engagement costs as a real headwind. Valuation reflects the gap. Mastercard trades at a forward P/E of 26. Amex sits at 19. You are paying up for margin insulation, defensible when consumer credit is still normalizing. What Decides the Next Six Months For Mastercard, value-added services need to stay above 20% growth and BVNK must close cleanly. For Amex, the Platinum refresh needs to convert, and net write-offs need to hold near 2.0%. Squeri reaffirmed 9 to 10% revenue growth and EPS of $17.30 to $17.90 for 2026, though sensitive to any downshift in affluent spending. Why I Lean Toward Mastercard Right Now I favor Mastercard here. The capital-light network framework means margins compound without balance-sheet drag, and MA has trailed AXP down 8.19% YTD versus a 5.43% YTD decline, creating an entry point in the more insulated business. If you want cyclical upside and a fatter dividend, Amex still fits. I would change my view if delinquencies drop back under 2.5%, because that is when AXP’s lending engine shines. Until then, the tollbooth wins. The post Mastercard Vs. American Express: Buy Mastercard to Secure Risk-Free Network Fees and Pure Margin Insulation appeared first on 24/7 Wall St..]]> 3 Stocks Warren Buffett Wishes He Bought Sooner Thu, 18 Jun 2026 12:30:27 +0000 ... 3 Stocks Warren Buffett Wishes He Bought Sooner]]> The post 3 Stocks Warren Buffett Wishes He Bought Sooner appeared first on 24/7 Wall St.. The Berkshire Hathaway annual meeting is in the rearview mirror, and investors are now parsing Greg Abel’s early portfolio moves as CEO. The Q1 2026 13F told a clear story: Abel is willing to do the things Warren Buffett openly regretted not doing sooner. That includes finally embracing big tech, leaning harder into AI-exposed names and continuing to compound the consumer franchises Buffett built the empire around. Here are three U.S.-listed stocks that fit the “ones that got away, until they didn’t” theme this June. Alphabet (GOOGL) Alphabet (NASDAQ:GOOGL) is the freshest example. Per the Q1 2026 13F, Abel aggressively added to GOOGL, with shares up about 204% in the quarter, and a separate GOOG position was initiated the same quarter. Buffett and Charlie Munger both publicly called missing Google a mistake. Abel is correcting it. The setup is hard to argue with. Q1 2026 EPS came in at $5.11 versus the $2.63 estimate, with revenue of $109.90 billion, up 22% year over year. Google Cloud grew 63% to $20.03 billion with a backlog near $460 billion. Shares trade at $369.35 on a forward P/E of 26x, with a Street target of $432.83 and 14 strong-buy and 43 buy ratings against just 7 holds. The stock is up 18% YTD and 112% over one year. Retail is along for the ride. A widely circulated r/stocks post titled “For those who keep asking for a ‘one buy and hold for the next 10 years’ the opportunity is here: it’s GOOGL” drew 2,134 upvotes. Risk: AI CapEx is mammoth. Alphabet guided 2026 capex of $175 billion to $185 billion, and Q1 free cash flow already fell 47% year over year. If AI monetization slips, the depreciation wave will bite margins. Apple (AAPL) Apple (NASDAQ:AAPL) remains Berkshire’s largest holding at roughly 22% of the portfolio. Buffett has said multiple times he wishes he had started buying sooner. He didn’t begin until 2016, and the stock is up 1,266% over the past 10 years. Even after trimming, Berkshire still leans on Apple as its anchor. Recent results explain why. Q2 FY26 EPS of $2.01 beat the $1.94 estimate on revenue of $111.18 billion, up 17%. iPhone revenue jumped to $56.99 billion from $46.84 billion on iPhone 17 demand. Services hit an all-time record of $30.98 billion. Management authorized a new $100 billion buyback and lifted the dividend 4% to $0.27. CEO Tim Cook called it the “Best March quarter ever…double-digit growth across every geographic segment.” Shares trade at a premium, with a forward P/E of 31x and an analyst target of $312.72. The installed base sits at 2.5 billion-plus active devices, a moat that compounds Services revenue every quarter. Risk: Valuation is the friction. At a trailing P/E of 35x, any tariff escalation or China softness gets punished quickly. An r/stocks thread asking “is there underappreciated risk of AAPL re-rating significantly downward?” drew 146 comments, a fair counterpoint to the bull case. American Express (AXP) American Express (NYSE:AXP) is a long-time Berkshire core holding. Buffett has said he should have bought more sooner and never sold. The position dates back decades, and Abel has signaled comfort holding through cycles. The Q1 2026 numbers reinforce why. EPS of $4.28 beat the $3.99 estimate, revenue came in at $18.91 billion, and billed business hit $428.0 billion, up 10% year over year, the highest quarterly growth in three years. The net write-off rate improved to 2% from 2%. Management reaffirmed full-year guidance of 9% to 10% revenue growth and EPS of $17.30 to $17.90. CEO Stephen Squeri summed it up: “We delivered 10 percent FX-adjusted revenue growth and 18 percent EPS growth in the quarter…Card Member spending grew 9 percent FX-adjusted, the highest quarterly growth in three years.” Shares closed at $340.78, with the stock down 9% YTD but up 7% in the past week and 18% over one year. Forward P/E is 19x, the cheapest multiple of the three, and the Street target is $361.94. The dividend was hiked 16% in Q4 2025 to $0.95 quarterly, with net card fee revenue growing double digits for 30 consecutive quarters. Risk: Amex is macro-sensitive. A consumer slowdown, tariff escalation, or new interest-rate cap regulation could compress engagement margins, especially after the recent Platinum refresh. The Takeaway The common thread across all three is that Berkshire eventually paid up for quality it could have owned cheaper. GOOGL is the freshest example of Abel acting decisively on a stock Buffett admittedly missed. AAPL is the franchise that proved the thesis. AXP is the multi-decade compounder that keeps validating the strategy. Investors studying Abel’s first moves should keep an eye on whether the GOOGL position grows again in the next 13F. The post 3 Stocks Warren Buffett Wishes He Bought Sooner appeared first on 24/7 Wall St..]]> Here Are Thursday’s Best Wall Street Analyst Research Calls: Albemarle, American Express, CME Group, Constellation Energy, Fact Set Research, Intuit, SpaceX, Targa Resources, and More Thu, 18 Jun 2026 12:02:27 +0000 ... Here Are Thursday’s Best Wall Street Analyst Research Calls: Albemarle, American Express, CME Group, Constellation Energy, Fact Set Research, Intuit, SpaceX, Targa Resources, and More]]> The post Here Are Thursday’s Best Wall Street Analyst Research Calls: Albemarle, American Express, CME Group, Constellation Energy, Fact Set Research, Intuit, SpaceX, Targa Resources, and More appeared first on 24/7 Wall St..Pre-Market Stock Futures: Futures are trading higher this morning after we finally heard what we expected from Kevin Warsh, the new Chairman of the Federal Reserve: they may have to raise rates later this year if inflation continues to flare up. That was all it took for all stocks to rollover and face-plant. By the close, all of the major indices finished the day lower, with the Nasdaq taking the biggest hit, closing down 1.35% at 26,021, while the S&P 500 finished the session down 1.21% at 7,420. The Dow Jones Industrial Average closed down 0.98% at 51,487, while the small-cap Russell 2000 fared the best on the day, down 0.74% at 2,917. Treasury Bonds: Needless to say, the bond market didn’t respond well to the potential for higher rates, as yields were up across the entire curve. When the dust settled by the close, surprisingly, the 30-year bond essentially closed unchanged at 4.93%, while


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Bank Of America Corp (BAC) Stock News & Articles - 24/7 Wall St. Insightful Analysis and Commentary for U.S. and Global Equity Investors Wed, 22 Jul 2026 17:24:19 +0000 en-US hourly 1 A 15% “Dividend” ETF With Berkshire Stocks? Read This Before You Buy a Single Share Wed, 22 Jul 2026 17:35:33 +0000 The post Why Is Buffett Back On TV As Berkshire Shares Fall? appeared first on 24/7 Wall St..Warren Buffett is back on TV, and on CNBC, to be specific. As he left, he would be “going quiet.” As chairman of Berkshire Hathaway (NYSE: BRK-B), he added, “I enjoy the chance to keep in touch with you.” The person to “keep in touch” with is supposed to be the new CEO, Greg Abel. Abel has run Berkshire this year, and it has gone through an ugly sell-off. It is down 3% this year while the S&P 500 is up 10%. Over the last five years, both have increased by about 75%. That advance worked even though Berkshire’s investments have not been heavily weighted toward mega-cap tech stocks. Buffett made the point that he had pushed into the sector; however, Yesterday, he made the point very clearly that he decided to buy shares of Alphabet (NASDAQ: GOOG). The Alphabet investment began late last year, and Berkshire then invested $10 billion in a private placement to fund the expansion of the search company’s AI infrastructure. Buffett did tip his cap to Abel by less than a modest amount. “I am not doing anything that he doesn’t approve of. He’s not doing anything I don’t approve of. We talk all the time, but he is the decider,” he told the TV network. Behind the scenes, Buffett can’t be happy. Berkshire has been the tool of his decades-long success. Besides private holdings, it has been built on holdings in Bank of America (NYSE: BAC), Coca-Cola (NYSE: KO), Chevron, and American Express. He has had particular success with Occidental Petroleum (NYSE: OXY), which he began buying in 2019. He had a “walk-off” home run with Apple (NASDAQ: AAPL). On CNBC, he discussed the strength of Apple’s leadership. He also expressed worry about the amount of money tech companies are spending on AI. It is in the early days for Abel. He cannot like, however, Buffett showing up on CNBC dressed like Mr. Rogers. Mr. Rogers often reminded people that his show was his “neighborhood.” Mr. Rogers’ favorite song ended: “Would you be mine? Could you be mine? Won’t you be my neighbor?” The post Why Is Buffett Back On TV As Berkshire Shares Fall? appeared first on 24/7 Wall St..]]> Jefferies Bullish on 4 Dividend-Paying Money Center Bank Giants After Huge Q2 Earnings Results Thu, 16 Jul 2026 13:41:00 +0000 The post Jefferies Bullish on 4 Dividend-Paying Money Center Bank Giants After Huge Q2 Earnings Results appeared first on 24/7 Wall St..As always, the quarterly earnings were kicked off by the major large-cap money center banks, and as expected they all delivered solid earnings reports. The team at Jefferies remains very positive on the four top companies that beat earnings expectations and, most importantly, provided reassuring forward guidance. Net interest income, or NII, across all banks was impressive, and with the debate over where interest rates will be as we move through the rest of 2026 remaining a wild card for all the financial giants, the second half of the year could prove interesting. The Jefferies team had this to say when discussing the results: We’re out with our thoughts following large-cap bank earnings. We highlight that results were largely positive, with all four banks beating Earnings Per Share and Pre-Provision Net Revenue expectations. Loan growth came in modestly above expectations, while deposit trends were generally stable. NII growth remained healthy, supported by strong balance sheet momentum, deposit growth, and fixed-rate asset repricing. Fee income remained constructive, benefiting from strength in payments, treasury services, securities services, wealth management, and transaction banking. Meanwhile, capital markets were a standout performer, driven by robust trading activity, improving investment banking fees, and healthy client engagement. Here are the four dividend-paying financial giants that Jefferies rates as Buy. Bank of America Warren Buffett has trimmed his position over the past two years and sold a 50 million shares in the fourth quarter. This quality financial giant remains an exceptional long-term holding with a solid 1.89% dividend yield. Bank of America (NYSE:BAC) is a bank holding company that reported impressive Q2 results. Berkshire Hathaway owns 513,624,165 shares, which is 7.9% of the portfolio and 7.2% of the float. Berkshire did lower its Bank of America position in Q1 2026, but only modestly. According to the Q1 2026 13F filing, it was reduced by just 0.71%, a very small cut compared to other positions. The Jefferies analyst noted this: Bank of America delivered a strong quarter, with core EPS and Pre-Provision Net Revenue ahead of expectations, driven primarily by strength in investment banking and sales & trading. While NII was largely in line, management reiterated growth at the upper end of 6-8% and raised FY26 operating leverage guide to 300-400 bp from >200 bp previously following 2Q’s POL of 640 bp. The return on tangible common equity of 17.0% vs our 16.1% reinforces the earnings power of the franchise. Its segments include: Consumer Banking, which offers a range of credit, banking, and investment products and services to consumers and small businesses. Global Wealth & Investment Management (GWIM) comprises two businesses: Merrill Wealth Management, which offers tailored solutions to meet clients’ needs through a comprehensive suite of investment management, brokerage, banking, and retirement products. Bank of America Private Bank provides comprehensive wealth management solutions. Global Banking offers a range of lending-related products and services, including integrated working capital management and treasury solutions, as well as underwriting and advisory services. Global Markets offers sales and trading services, as well as research services, to institutional clients across fixed income, credit, currency, commodity, and equity markets. The Jefferies price target is $75. Citigroup This money-center giant pays a solid 1.64% and could be poised to deliver continued upside. Citigroup (NYSE:C) is a global diversified financial services holding company. The Jefferies team had this to say when discussing the second-quarter results: Citi delivered a strong quarter, with core earnings per share and pre-provision net revenue ahead of expectations, driven by stronger-than-expected NII, Markets, and Investment Bank results. Still, the expense outlook was worse than expected, as the return on tangible common equity guide for FY26 was reiterated at 10-11% despite 1H’26 ROTCE trending at 13%. Revenue outperformance could be offset by $5 billion of spending pulled forward that was originally planned for ’27/’28 related to US Card, growth, and productivity initiatives. The company’s segments include: Services Markets Banking Wealth U.S. Personal Banking (USPB) The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations. The Markets segment provides corporate, institutional, and public-sector clients worldwide with a full range of sales and trading services across equities, foreign exchange, rates, spread products, and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work, and Citigold, and provides financial services to a range of client segments. The USPB segment includes branded cards and retail services. Jefferies has a $165 target price for the shares. Goldman Sachs The white-glove banking giant delivered exceptional results and pays a 1.47% dividend. Goldman Sachs (NYSE:GS) is a global financial institution that delivers a range of financial services to a large and diversified client base, including corporations, financial institutions, governments, and individuals. The Jefferies team said this: Following 2Q26 results, our EPS estimates for the second half of 2026 and FY2027 increase by 9% and 8%, respectively, following a record 1H26 in both markets and advisory. Record equities revenues, all-time-high prime balances, accelerating large-cap M&A, and a five-year-high backlog provide strong support for continued earnings momentum. Its segments include: Global Banking & Markets Asset & Wealth Management Platform Solutions The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency, and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse client base. It also provides investment and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, as well as transaction banking and other platform businesses. Jefferies has set a price target of $1,299 for the shares. Wells Fargo With some difficult years in the rearview mirror, this bank could be one of the best values in the financial sector, and pays a 2.11% dividend. Wells Fargo (NYSE:WFC) is a financial services company. The company provides a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, to individuals, businesses, and institutions. Jefferies analysts noted this: WFC posted a headline beat on strong fee income and continued expense discipline, and reiterated its FY26 NII and expense guidance. Despite a solid quarter, shares traded lower amid a net interest margin outlook that fell short of expectations and rising deposit costs. NIM compressed as expected, down 4 bp, in line with the guide, but better-than-expected AEA growth drove a modest NII beat. IB deposit costs rose 9 bps Q/Q, with continued pressure expected in 2H’26 as IB outpaces NIB growth. Wells Fargo operates through four segments: Consumer Banking and Lending Commercial Banking Corporate and Investment Banking Wealth & Investment Management The company provides consumer financial products and services, including checking and savings accounts, credit and debit cards, and auto, residential mortgage, and small business lending. In addition, the company offers financial planning, private banking, investment management, and fiduciary services. It also provides financial solutions to businesses through products and services, including traditional commercial loans and lines of credit, letters of credit, asset-based lending and leasing, trade financing, treasury management, and investment banking services. The Jefferies target price is $100.   The post Jefferies Bullish on 4 Dividend-Paying Money Center Bank Giants After Huge Q2 Earnings Results appeared first on 24/7 Wall St..]]> Citigroup Is Up 14% This Year: Is It Outperforming Other Bank Stocks Like Wells Fargo and Bank of America? Tue, 14 Jul 2026 19:18:53 +0000 The post Citigroup Is Up 14% This Year: Is It Outperforming Other Bank Stocks Like Wells Fargo and Bank of America? appeared first on 24/7 Wall St.. Citigroup (C) fell 5.84% to $132.50 Tuesday after Q2 earnings beat: $3.15 EPS vs. $2.74 expected, $24.8B revenue (highest in decade), triggering sell-the-news reversal. Citigroup trades at 16x P/E, richest of big three banks, limiting upside; leadership position requires flawless execution amid tight AI-trading and dealmaking margins. Bank of America (BAC) shares rose 1.29% to $60.27 after strong Q2 with $1.21 EPS; Global Markets revenue jumped 34% on 70% equity trading surge and 50% investment banking growth. Wells Fargo (WFC) dropped 3.82% to $84.76 despite $2.00 EPS beat and 35% investment banking gains; CFO's cautious capital tone weighed on sentiment despite 13x P/E valuation. Citigroup (NYSE:C) stock is down 4.7% to $134 Tuesday afternoon, a sharp sell-the-news reversal after the bank beat every analyst estimate for the second quarter. Citigroup shares had traded higher earlier in the session before turning red. Zoom out, though, and Citigroup stock is still the clear year-to-date leader of the big three. Citigroup stock is up 13.75% in 2026, ahead of Bank of America (NYSE:BAC) stock at up 9.34% and Wells Fargo (NYSE:WFC) stock at down 8.82%. All three banks reported strong Q2 2026 results powered by an AI-driven trading and dealmaking boom. Yet, the reaction across the group is mixed to negative, with Wells Fargo stock down 3.32% to $84.76 and Bank of America shares up only 1.29% to $60.27 after touching a record high earlier. Citigroup Delivers a Blowout, Stock Reverses Anyway Citigroup posted Q2 2026 earnings of $3.15 per share on $24.8 billion in revenue, marking the company’s highest revenue in a decade. The Street had expected about $2.74 in earnings per share, and record equity-trading revenue drove the upside. Citigroup’s management paired the report with capital-return firepower, announcing a $30 billion buyback and a 12% dividend increase. That builds on the earlier hike from $0.56 to $0.60 per quarter that Citigroup pushed through last year. The bear case that took over on Tuesday afternoon is straightforward. Citigroup’s CFO acknowledged that its equities franchise still trails larger rivals, and Citigroup stock now trades at a 16x P/E ratio. That’s the richest multiple of the three, which sets a higher bar even after a genuine beat. Bank of America and Wells Fargo Also Beat, With Different Reactions Bank of America reported EPS of $1.21 on revenue of $31.6 billion, its fifth consecutive quarterly EPS beat. The company’s Global Markets revenue jumped 34% to $8.02 billion, with equities sales and trading up 70% and investment banking fees up 50%. CEO Brian Moynihan called it “one of our strongest quarters to date” and struck an upbeat tone on financing the AI buildout. Bank of America stock trades at a 15x P/E ratio, cheaper than Citigroup but richer than Wells Fargo. Wells Fargo, meanwhile, posted EPS of $2, with investment banking fees up 35% and return on tangible common equity of 17.7%. The bank also announced a buyback and a planned dividend raise, but CEO Charlie Scharf’s “carefully deploying capital” tone weighed on Wells Fargo shares. Wells Fargo stock trades at a 13x P/E ratio, the cheapest of the group. So Is Citigroup Actually Outperforming? The short answer is yes, at least on the year-to-date scoreboard. Citigroup’s 13.75% run tops Bank of America and doubles down on the turnaround story CEO Jane Fraser has been selling, with 65.9% gains over the past year backing it up. The nuance is that Citigroup carries the richest valuation and the smallest markets franchise of the three, so any wobble in trading or dealmaking hits harder. Tuesday’s reversal is a reminder that leadership at the top of a rally leaves less margin for error, and investors should consider sizing their positions accordingly. For readers who prefer a broader lens, the Financial Select Sector SPDR ETF (NYSEARCA:XLF) offers diversified exposure to the big banks and the wider financials complex in one fund. That can smooth out days like this one, when three earnings beats produced three different market reactions. What to Watch Next The immediate cue is whether Citigroup stock can stabilize into Tuesday’s close after giving back ground from an earlier intraday high. Follow-through from the $8 billion in Bank of America capital returns and Wells Fargo’s guidance on its dividend plan could set the tone for the rest of bank earnings week. Keep an eye on how the group trades over the next few sessions. If Citigroup holds most of its year-to-date lead through the JPMorgan Chase (NYSE:JPM) and regional bank earnings reports later this week, the outperformance thesis could remain intact even after a rough Tuesday. The post Citigroup Is Up 14% This Year: Is It Outperforming Other Bank Stocks Like Wells Fargo and Bank of America? appeared first on 24/7 Wall St..]]> Senior Analyst: Banks Are Set for 25% Earnings Growth as the Capital Markets Boom Accelerates Mon, 13 Jul 2026 23:58:24 +0000 The post Senior Analyst: Banks Are Set for 25% Earnings Growth as the Capital Markets Boom Accelerates appeared first on 24/7 Wall St.. Citizens Senior Analyst Devin Ryan expects 25% YoY earnings growth for top six banks, with GS and MS positioned for ~40% growth from capital markets revival. GS Q1 revenue: $17.23B (IB fees +48% to $2.84B); MS: $20.58B record revenue (advisory +74%), validating capital markets tailwind. Prediction markets show 93.9% probability Goldman beats consensus and 98.2% chance Q2 investment banking fees exceed $2.1 billion. Devin Ryan, Senior Research Analyst at Citizens, laid out a bullish setup for big banks on Monday’s CNBC segment ahead of Q2 earnings. He said: “Tomorrow is going to be, I think, a really good day to kick things off for the top six banks. We’re looking for about 25% year-over-year earnings growth.” With Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Wells Fargo all reporting before the open on Tuesday, July 14, and Morgan Stanley following on Wednesday, July 15, the setup is concentrated and driven by the revival of capital markets along with commercial lending. Goldman Sachs and Morgan Stanley Could Lead the Bank Earnings Boom Ryan’s core call is that the biggest upside among the big banks could sit with the most capital-markets-levered franchises. “The companies that are going to do the best are probably the ones more exposed to capital markets. So SpaceX IPO, M&A announcements are up 50% year-to-date through the first half. And so Goldman Sachs, Morgan Stanley probably going to be standouts. We’re looking for almost 40% earnings growth out of both of those.” Goldman Sachs Is Built for the Capital Markets Revival Q1 2026 validated the direction. Goldman Sachs (NYSE:GS) posted EPS of $17.55 on $17.23 billion in revenue, with investment banking fees of $2.84 billion up 48% and advisory revenues nearly doubling at $1.49 billion, up 89%. CEO David Solomon said, “Goldman Sachs delivered very strong performance for our shareholders this quarter, even as market conditions became more volatile” in the firm’s Q1 release. Morgan Stanley Enters Earnings With Record Momentum Morgan Stanley (NYSE:MS) delivered its own record. Ted Pick’s team reported $20.58 billion in revenue, EPS of $3.43, ROTCE of 27.1%, and advisory revenue up 74% to $978 million. Ryan’s near 40% earnings growth expectation follows Q1 net income growth of 29%. Wall Street’s Rebound Is Lifting America’s Biggest Banks Ryan sees the capital markets tailwind lifting the rest of the group. JPMorgan Chase (NYSE:JPM) opened 2026 with EPS of $5.94, up 17%, record Markets revenue of $11.6 billion, and advisory fees up 82% to $1.27 billion. Jamie Dimon flagged “increased fiscal stimulus, the benefits of deregulation, AI-driven capital investment and the Fed’s asset purchases” as tailwinds. Bank of America (NYSE:BAC) grew EPS 25% year-over-year to $1.11, with equities trading up 30% and investment banking fees up 21%. Citigroup (NYSE:C) delivered net income up 42% and Markets revenue crossing $7 billion for the first time, with equity markets up 39%. Wells Fargo grew EPS 15%, with CIB Markets up 19% and equity capital markets share expanding. The Next Banking Opportunity May Be Hiding Outside the Mega Banks Capital markets stocks were up nearly 50% last year and up 20% in 2026 to date, with the S&P 500 up 15% in the second quarter. Goldman shares are up 21.19% year-to-date, and Morgan Stanley is up 26.55%. Ryan’s cautious because: “We think a lot is actually baked in. And so we’re looking for areas where there’s probably more upside. We still think there’s areas of capital markets like middle market sponsors. Private equity still have quite a way to recover.” On commercial lending re-acceleration, he pointed to two forces. 


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Citigroup Inc (C) Stock News & Articles - 24/7 Wall St. Insightful Analysis and Commentary for U.S. and Global Equity Investors Thu, 16 Jul 2026 10:37:31 +0000 en-US hourly 1 Jefferies Bullish on 4 Dividend-Paying Money Center Bank Giants After Huge Q2 Earnings Results Thu, 16 Jul 2026 13:41:00 +0000 The post Jefferies Bullish on 4 Dividend-Paying Money Center Bank Giants After Huge Q2 Earnings Results appeared first on 24/7 Wall St..As always, the quarterly earnings were kicked off by the major large-cap money center banks, and as expected they all delivered solid earnings reports. The team at Jefferies remains very positive on the four top companies that beat earnings expectations and, most importantly, provided reassuring forward guidance. Net interest income, or NII, across all banks was impressive, and with the debate over where interest rates will be as we move through the rest of 2026 remaining a wild card for all the financial giants, the second half of the year could prove interesting. The Jefferies team had this to say when discussing the results: We’re out with our thoughts following large-cap bank earnings. We highlight that results were largely positive, with all four banks beating Earnings Per Share and Pre-Provision Net Revenue expectations. Loan growth came in modestly above expectations, while deposit trends were generally stable. NII growth remained healthy, supported by strong balance sheet momentum, deposit growth, and fixed-rate asset repricing. Fee income remained constructive, benefiting from strength in payments, treasury services, securities services, wealth management, and transaction banking. Meanwhile, capital markets were a standout performer, driven by robust trading activity, improving investment banking fees, and healthy client engagement. Here are the four dividend-paying financial giants that Jefferies rates as Buy. Bank of America Warren Buffett has trimmed his position over the past two years and sold a 50 million shares in the fourth quarter. This quality financial giant remains an exceptional long-term holding with a solid 1.89% dividend yield. Bank of America (NYSE:BAC) is a bank holding company that reported impressive Q2 results. Berkshire Hathaway owns 513,624,165 shares, which is 7.9% of the portfolio and 7.2% of the float. Berkshire did lower its Bank of America position in Q1 2026, but only modestly. According to the Q1 2026 13F filing, it was reduced by just 0.71%, a very small cut compared to other positions. The Jefferies analyst noted this: Bank of America delivered a strong quarter, with core EPS and Pre-Provision Net Revenue ahead of expectations, driven primarily by strength in investment banking and sales & trading. While NII was largely in line, management reiterated growth at the upper end of 6-8% and raised FY26 operating leverage guide to 300-400 bp from >200 bp previously following 2Q’s POL of 640 bp. The return on tangible common equity of 17.0% vs our 16.1% reinforces the earnings power of the franchise. Its segments include: Consumer Banking, which offers a range of credit, banking, and investment products and services to consumers and small businesses. Global Wealth & Investment Management (GWIM) comprises two businesses: Merrill Wealth Management, which offers tailored solutions to meet clients’ needs through a comprehensive suite of investment management, brokerage, banking, and retirement products. Bank of America Private Bank provides comprehensive wealth management solutions. Global Banking offers a range of lending-related products and services, including integrated working capital management and treasury solutions, as well as underwriting and advisory services. Global Markets offers sales and trading services, as well as research services, to institutional clients across fixed income, credit, currency, commodity, and equity markets. The Jefferies price target is $75. Citigroup This money-center giant pays a solid 1.64% and could be poised to deliver continued upside. Citigroup (NYSE:C) is a global diversified financial services holding company. The Jefferies team had this to say when discussing the second-quarter results: Citi delivered a strong quarter, with core earnings per share and pre-provision net revenue ahead of expectations, driven by stronger-than-expected NII, Markets, and Investment Bank results. Still, the expense outlook was worse than expected, as the return on tangible common equity guide for FY26 was reiterated at 10-11% despite 1H’26 ROTCE trending at 13%. Revenue outperformance could be offset by $5 billion of spending pulled forward that was originally planned for ’27/’28 related to US Card, growth, and productivity initiatives. The company’s segments include: Services Markets Banking Wealth U.S. Personal Banking (USPB) The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations. The Markets segment provides corporate, institutional, and public-sector clients worldwide with a full range of sales and trading services across equities, foreign exchange, rates, spread products, and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work, and Citigold, and provides financial services to a range of client segments. The USPB segment includes branded cards and retail services. Jefferies has a $165 target price for the shares. Goldman Sachs The white-glove banking giant delivered exceptional results and pays a 1.47% dividend. Goldman Sachs (NYSE:GS) is a global financial institution that delivers a range of financial services to a large and diversified client base, including corporations, financial institutions, governments, and individuals. The Jefferies team said this: Following 2Q26 results, our EPS estimates for the second half of 2026 and FY2027 increase by 9% and 8%, respectively, following a record 1H26 in both markets and advisory. Record equities revenues, all-time-high prime balances, accelerating large-cap M&A, and a five-year-high backlog provide strong support for continued earnings momentum. Its segments include: Global Banking & Markets Asset & Wealth Management Platform Solutions The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency, and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse client base. It also provides investment and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, as well as transaction banking and other platform businesses. Jefferies has set a price target of $1,299 for the shares. Wells Fargo With some difficult years in the rearview mirror, this bank could be one of the best values in the financial sector, and pays a 2.11% dividend. Wells Fargo (NYSE:WFC) is a financial services company. The company provides a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, to individuals, businesses, and institutions. Jefferies analysts noted this: WFC posted a headline beat on strong fee income and continued expense discipline, and reiterated its FY26 NII and expense guidance. Despite a solid quarter, shares traded lower amid a net interest margin outlook that fell short of expectations and rising deposit costs. NIM compressed as expected, down 4 bp, in line with the guide, but better-than-expected AEA growth drove a modest NII beat. IB deposit costs rose 9 bps Q/Q, with continued pressure expected in 2H’26 as IB outpaces NIB growth. Wells Fargo operates through four segments: Consumer Banking and Lending Commercial Banking Corporate and Investment Banking Wealth & Investment Management The company provides consumer financial products and services, including checking and savings accounts, credit and debit cards, and auto, residential mortgage, and small business lending. In addition, the company offers financial planning, private banking, investment management, and fiduciary services. It also provides financial solutions to businesses through products and services, including traditional commercial loans and lines of credit, letters of credit, asset-based lending and leasing, trade financing, treasury management, and investment banking services. The Jefferies target price is $100.   The post Jefferies Bullish on 4 Dividend-Paying Money Center Bank Giants After Huge Q2 Earnings Results appeared first on 24/7 Wall St..]]> Micron Drops 8% on China Competition Fears, Dragging Intel, AMD, and Marvell Wed, 15 Jul 2026 16:01:53 +0000 The post Micron Drops 8% on China Competition Fears, Dragging Intel, AMD, and Marvell appeared first on 24/7 Wall St.. MU fell 8% to $901 on Chinese memory competition concerns; INTC, AMD, and MRVL fell 6%, 5%, and 6% in sympathy selling as SOXX dropped 3%. MU's pullback follows 244% YTD surge and record highs; Chinese ChangXin Memory is now world's 4th-largest DRAM maker, threatening pricing power despite AI demand. INTC, AMD, and MRVL lack direct DRAM/NAND exposure, signaling sector-wide de-risking after YTD gains (INTC +192%, AMD +156%, MRVL +162%) rather than company-specific headwinds. Micron's bull case rests on AI memory demand and FQ4 guidance of $50 billion revenue, but bear case cites cyclicality, Chinese competition, and rich valuation after the 244% rally. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today. Shares of Micron Technology (NASDAQ:MU) are down 8% to $903.50 in early trading Wednesday, dragging the broader semiconductor complex lower. The selloff is spilling into Intel (NASDAQ:INTC), Advanced Micro Devices (NASDAQ:AMD), and Marvell Technology (NASDAQ:MRVL), which are lower by 6%, 6%, and 7%, respectively. The iShares Semiconductor ETF (NASDAQ:SOXX) is off 4% to $546.72, reflecting a sector-wide risk-off tone. Micron shares had been trading near record highs after a blowout June earnings print, so today’s pullback follows a powerful rally. The main catalyst appears to be a Micron-specific memory story. Barron’s reported that Micron shares fell as competition from Chinese memory-chip makers looks set to intensify, framing a longer-term threat to the DRAM and NAND business. China Memory Competition Fuels the Selloff Chinese producer ChangXin Memory Technologies (CXMT) has been climbing the DRAM ranks quickly. CXMT has become the world’s fourth-largest DRAM producer, and Apple (NASDAQ:AAPL) is testing CXMT chips for devices sold in China. Furthermore, Nio (NYSE:NIO) recently disclosed a $23.3 million investment in the Chinese memory maker. That signal of gathering Chinese scale threatens Micron’s pricing power in commodity DRAM even as HBM4 keeps the AI story intact. The narrative is framed as analysis, not a confirmed near-term revenue hit, but it lands on a stock that seems to already have been priced for perfection. Why Intel, AMD, and Marvell Are Falling in Sympathy Intel focuses on CPUs and foundry, AMD on CPUs and GPUs, and Marvell on custom silicon and networking. None of the three compete in DRAM or NAND, so today’s action in Intel stock, AMD stock, and Marvell stock reads as sector-wide de-risking rather than a China-memory hit to their fundamentals. Profit-taking is a big piece of the story. Intel stock is up 177% year to date, AMD shares are up 142%, and Marvell stock is up 145%. Sector-level positioning has repeatedly hit this group together, and today’s tape looks similar. The SOXX ETF holds all four names and is a common vehicle for sector exposure. Traders should note the concentration risk in a handful of mega-caps within their sector allocation. The fund isn’t leveraged, so exposure moves one-for-one with the underlying basket. Weighing the Bull and Bear Case on Micron The bull case for Micron remains anchored in AI memory demand. The company delivered FQ3 2026 revenue of $41.46 billion, up 346% year over year, with non-GAAP EPS of $25.11 and GAAP gross margin of 85%. Micron’s guidance for FQ4 called for revenue of $50 billion, plus or minus $1 billion. The bear case rests on memory cyclicality, the Chinese competitive overhang, and a rich valuation after the run-up. Micron stock is up 217% year to date. Traders sizing their positions here can expect volatility to stay elevated and may consider trimming their exposure into strength. The prediction markets echo the near-term caution. Polymarket odds put a 99% probability on Micron closing lower on July 15, and the crowd assigns 72% odds to the stock touching $840 in July. What to Watch Now Traders can watch for whether Micron holds $905 and whether the SOXX ETF’s bounce attempts gain traction. Any confirming reporting on Chinese memory capacity, or a rebuttal from HBM customers, could reset the tone quickly. TD Cowen’s $1,600 price target on Micron and Citigroup‘s (NYSE:C) upside catalyst watch on stronger second-half DRAM pricing remain intact for now. Market watchers can look for whether any sell-side desk cuts numbers on the China angle, with Micron’s next scheduled earnings being the key forward catalyst for the memory group. The post Micron Drops 8% on China Competition Fears, Dragging Intel, AMD, and Marvell appeared first on 24/7 Wall St..]]> Citigroup Is Up 14% This Year: Is It Outperforming Other Bank Stocks Like Wells Fargo and Bank of America? Tue, 14 Jul 2026 19:18:53 +0000 The post Citigroup Is Up 14% This Year: Is It Outperforming Other Bank Stocks Like Wells Fargo and Bank of America? appeared first on 24/7 Wall St.. Citigroup (C) fell 5.84% to $132.50 Tuesday after Q2 earnings beat: $3.15 EPS vs. $2.74 expected, $24.8B revenue (highest in decade), triggering sell-the-news reversal. Citigroup trades at 16x P/E, richest of big three banks, limiting upside; leadership position requires flawless execution amid tight AI-trading and dealmaking margins. Bank of America (BAC) shares rose 1.29% to $60.27 after strong Q2 with $1.21 EPS; Global Markets revenue jumped 34% on 70% equity trading surge and 50% investment banking growth. Wells Fargo (WFC) dropped 3.82% to $84.76 despite $2.00 EPS beat and 35% investment banking gains; CFO's cautious capital tone weighed on sentiment despite 13x P/E valuation. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Bank of America didn't make the cut. Grab the names FREE today. Citigroup (NYSE:C) stock is down 4.7% to $134 Tuesday afternoon, a sharp sell-the-news reversal after the bank beat every analyst estimate for the second quarter. Citigroup shares had traded higher earlier in the session before turning red. Zoom out, though, and Citigroup stock is still the clear year-to-date leader of the big three. Citigroup stock is up 13.75% in 2026, ahead of Bank of America (NYSE:BAC) stock at up 9.34% and Wells Fargo (NYSE:WFC) stock at down 8.82%. All three banks reported strong Q2 2026 results powered by an AI-driven trading and dealmaking boom. Yet, the reaction across the group is mixed to negative, with Wells Fargo stock down 3.32% to $84.76 and Bank of America shares up only 1.29% to $60.27 after touching a record high earlier. Citigroup Delivers a Blowout, Stock Reverses Anyway Citigroup posted Q2 2026 earnings of $3.15 per share on $24.8 billion in revenue, marking the company’s highest revenue in a decade. The Street had expected about $2.74 in earnings per share, and record equity-trading revenue drove the upside. Citigroup’s management paired the report with capital-return firepower, announcing a $30 billion buyback and a 12% dividend increase. That builds on the earlier hike from $0.56 to $0.60 per quarter that Citigroup pushed through last year. The bear case that took over on Tuesday afternoon is straightforward. Citigroup’s CFO acknowledged that its equities franchise still trails larger rivals, and Citigroup stock now trades at a 16x P/E ratio. That’s the richest multiple of the three, which sets a higher bar even after a genuine beat. Bank of America and Wells Fargo Also Beat, With Different Reactions Bank of America reported EPS of $1.21 on revenue of $31.6 billion, its fifth consecutive quarterly EPS beat. The company’s Global Markets revenue jumped 34% to $8.02 billion, with equities sales and trading up 70% and investment banking fees up 50%. CEO Brian Moynihan called it “one of our strongest quarters to date” and struck an upbeat tone on financing the AI buildout. Bank of America stock trades at a 15x P/E ratio, cheaper than Citigroup but richer than Wells Fargo. Wells Fargo, meanwhile, posted EPS of $2, with investment banking fees up 35% and return on tangible common equity of 17.7%. The bank also announced a buyback and a planned dividend raise, but CEO Charlie Scharf’s “carefully deploying capital” tone weighed on Wells Fargo shares. Wells Fargo stock trades at a 13x P/E ratio, the cheapest of the group. So Is Citigroup Actually Outperforming? The short answer is yes, at least on the year-to-date scoreboard. Citigroup’s 13.75% run tops Bank of America and doubles down on the turnaround story CEO Jane Fraser has been selling, with 65.9% gains over the past year backing it up. The nuance is that Citigroup carries the richest valuation and the smallest markets franchise of the three, so any wobble in trading or dealmaking hits harder. Tuesday’s reversal is a reminder that leadership at the top of a rally leaves less margin for error, and investors should consider sizing their positions accordingly. For readers who prefer a broader lens, the Financial Select Sector SPDR ETF (NYSEARCA:XLF) offers diversified exposure to the big banks and the wider financials complex in one fund. That can smooth out days like this one, when three earnings beats produced three different market reactions. What to Watch Next The immediate cue is whether Citigroup stock can stabilize into Tuesday’s close after giving back ground from an earlier intraday high. Follow-through from the $8 billion in Bank of America capital returns and Wells Fargo’s guidance on its dividend plan could set the tone for the rest of bank earnings week. Keep an eye on how the group trades over the next few sessions. If Citigroup holds most of its year-to-date lead through the JPMorgan Chase (NYSE:JPM) and regional bank earnings reports later this week, the outperformance thesis could remain intact even after a rough Tuesday. The post Citigroup Is Up 14% This Year: Is It Outperforming Other Bank Stocks Like Wells Fargo and Bank of America? appeared first on 24/7 Wall St..]]> Senior Analyst: Banks Are Set for 25% Earnings Growth as the Capital Markets Boom Accelerates Mon, 13 Jul 2026 23:58:24 +0000 The post Senior Analyst: Banks Are Set for 25% Earnings Growth as the Capital Markets Boom Accelerates appeared first on 24/7 Wall St.. Citizens Senior Analyst Devin Ryan expects 25% YoY earnings growth for top six banks, with GS and MS positioned for ~40% growth from capital markets revival. GS Q1 revenue: $17.23B (IB fees +48% to $2.84B); MS: $20.58B record revenue (advisory +74%), validating capital markets tailwind. Prediction markets show 93.9% probability Goldman beats consensus and 98.2% chance Q2 investment banking fees exceed $2.1 billion. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and JPMorgan Chase didn't make the cut. Grab the names FREE today. Devin Ryan, Senior Research Analyst at Citizens, laid out a bullish setup for big banks on Monday’s CNBC segment ahead of Q2 earnings. He said: “Tomorrow is going to be, I think, a really good day to kick things off for the top six banks. We’re looking for about 25% year-over-year earnings growth.” With Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Wells Fargo all reporting before the open on Tuesday, July 14, and Morgan Stanley following on Wednesday, July 15, the setup is concentrated and driven by the revival of capital markets along with commercial lending. Goldman Sachs and Morgan Stanley Could Lead the Bank Earnings Boom Ryan’s core call is that the biggest upside among the big banks could sit with the most capital-markets-levered franchises. “The companies that are going to do the best are probably the ones more exposed to capital markets. So SpaceX IPO, M&A announcements are up 50% year-to-date through the first half. And so Goldman Sachs, Morgan Stanley probably going to be standouts. We’re looking for almost 40% earnings growth out of both of those.” Goldman Sachs Is Built for the Capital Markets Revival Q1 2026 validated the direction. Goldman Sachs (NYSE:GS) posted EPS of $17.55 on $17.23 billion in revenue, with investment banking fees of $2.84 billion up 48% and advisory revenues nearly doubling at $1.49 billion, up 89%. CEO David Solomon said, “Goldman Sachs delivered very strong performance for our shareholders this quarter, even as market conditions became more volatile” in the firm’s Q1 release. Morgan Stanley Enters Earnings With Record Momentum Morgan Stanley (NYSE:MS) delivered its own record. Ted Pick’s team reported $20.58 billion in revenue, EPS of $3.43, ROTCE of 27.1%, and advisory revenue up 74% to $978 million. Ryan’s near 40% earnings growth expectation follows Q1 net income growth of 29%. Wall Street’s Rebound Is Lifting America’s Biggest Banks Ryan sees the capital markets tailwind lifting the rest of the group. JPMorgan Chase (NYSE:JPM) opened 2026 with EPS of $5.94, up 17%, record Markets revenue of $11.6 billion, and advisory fees up 82% to $1.27 billion. Jamie Dimon flagged “increased fiscal stimulus, the benefits of deregulation, AI-driven capital investment and the Fed’s asset purchases” as tailwinds. Bank of America (NYSE:BAC) grew EPS 25% year-over-year to $1.11, with equities trading up 30% and investment banking fees up 21%. Citigroup (NYSE:C) delivered net income up 42% and Markets revenue crossing $7 billion for the first time, with equity markets up 39%. Wells Fargo grew EPS 15%, with CIB Markets up 19% and equity capital markets share expanding. The Next Banking Opportunity May Be Hiding Outside the Mega Banks Capital markets stocks were up nearly 50% last year and up 20% in 2026 to date, with the S&P 500 up 15% in the second quarter. Goldman shares are up 21.19% year-to-date, and Morgan Stanley is up 26.55%. Ryan’s cautious because: “We think a lot is actually baked in. And so we’re looking for areas where there’s probably more upside. We still think there’s areas of capital markets like middle market sponsors. Private equity still have quite a way to recover.” On commercial lending re-acceleration, he pointed to two forces. “So data centers is a big piece of the reacceleration, but then also just capital markets turning back on. So as you think about [the] M&A market that’s been dormant, starting to get back to something more normal that leads to lending opportunities into those deals.” Key Takeaways The major banks enter Q2 earnings with strong momentum across investment banking, trading, and commercial lending. Goldman Sachs and Morgan Stanley may deliver the strongest results because of their greater exposure to the capital markets recovery, with Ryan expecting earnings growth of nearly 40% from both firms. Expectations are already high, however, and much of the rebound may be reflected in mega-bank share prices. The next opportunities could emerge among middle-market firms and other lenders that stand to benefit as private equity activity, M&A, and data center investment recover. A broader market pullback or slowdown in AI-related spending remains the clearest risk to that outlook. The post Senior Analyst: Banks Are Set for 25% Earnings Growth as the Capital Markets Boom Accelerates appeared first on 24/7 Wall St..]]> Fundstrat’s Tom Lee: July will be stronger for stocks as valuations become more reasonable Fri, 10 Jul 2026 16:48:30 +0000 The post Fundstrat’s Tom Lee: July will be stronger for stocks as valuations become more reasonable appeared first on 24/7 Wall St.. Fundstrat's Tom Lee predicts S&P 500 (SPY) rallies to 8,000–8,800 by year-end as June's pullback creates conditions for July upside. SPY's price-to-earnings multiple contracted 1.1 turns since January despite 9.22% year-to-date gain, leaving room for expansion alongside Q2 earnings surprises. Lee warns of near-term volatility from Fed communications and SpaceX share unlocks that could pressure liquidity through August-October despite the July-year end rally thesis. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and JPMorgan Chase didn't make the cut. Grab the names FREE today. Fundstrat’s Tom Lee returned to CNBC last week with a specific call: after a soft June, July should mark a turn higher for U.S. stocks. His argument rests on a simple observation. Even with the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) sitting up 9.22% year to date through July 2, the market’s price-to-earnings multiple has actually compressed since January, giving earnings room to catch up and multiples room to expand. The setup matters because June was choppy. SPY finished down 1.95% over the past month, and the CBOE Volatility Index touched 19.95 on June 25 before easing back to 15.56 by July 6. Lee’s thesis is that the reset in sentiment created the conditions for the next leg up. The valuation math behind Lee’s July call Speaking with Scott Wapner on CNBC’s Closing Bell, Lee said “the market’s P/E is actually lower now than it was in January by 1.1 full turn,” and he expects second quarter earnings to surprise to the upside again. That combination, higher earnings against a lower multiple, is what he sees as the fuel for a rally. He put a concrete number on it. “8,000 would be roughly 20 times the 2026 earnings of 400. I think that’s a low estimate. I think the P/E multiple could be 22 or better. So that would be, you know, even 8,400, 8,800 kind of would be the upside into year-end,” Lee said. In other words, if S&P 500 companies deliver on the earnings side, he sees a path to roughly 8,000 to 8,800 by year-end. That framing echoes what other strategists have been laying out. Goldman Sachs (NYSE: GS) flagged AI investment and a stable economy as key drivers of S&P 500 earnings growth in late June, and Citigroup (NYSE: C) raised its year-end S&P 500 target to 8,100 on the same AI-driven earnings thesis. Skeptics such as Seeking Alpha’s Cory Cramer have countered that the projected 27% earnings growth for 2026 is “largely misleading” and reliant on accounting effects. Why underperforming managers could power the rally Lee also pointed to a positioning tailwind. “Only 23% of fund managers are beating the large-cap growth index. That’s the lowest number in almost five years,” he said, arguing that the performance gap will force portfolio managers to chase gains and buy dips in July. Institutional flows already show that behavior taking shape: SPY absorbed a $24.95 billion net inflow during a down week in late June, and technical analysts flagged a potential “golden cross” formation on the ETF. The August through October warning Lee’s bullish July view carries a caveat. He told CNBC he expects “something that might feel like a bear market” between now and year-end, driven by two catalysts: the market testing the new Fed chair’s inflation framework, and a gradual unlock of SpaceX shares that could pressure liquidity. He drew a parallel to earlier in 2026, when a February to April drawdown of only 7% still felt like a bear market, and the VIX briefly reached 31.65 on March 27. That is worth taking seriously. Benzinga reported that institutional investors are actively building put-spread collars on SPY and QQQ, and the CBOE SKEW index has been rising even as VIX drifts lower. Smart money is buying insurance for tail risk while riding the rally. What to watch next The immediate tests are Q2 earnings season, which will confirm or reject Lee’s upside surprise thesis, and Fed communications on the pace of any rate cuts after June payrolls came in soft. For readers who track prior 24/7 Wall St coverage, JPMorgan (NYSE: JPM) has laid out a similar earnings-driven framework with a bull case around 8,900 by year-end, providing a useful benchmark for Lee’s numbers. The window Lee describes is narrow, and the second half looks bumpier than the first. The post Fundstrat’s Tom Lee: July will be stronger for stocks as valuations become more reasonable appeared first on 24/7 Wall St..]]> MARA Is Up 19% Today: Is It Outperforming Other Crypto Stocks Like Riot and CleanSpark? Thu, 09 Jul 2026 15:07:21 +0000 ... MARA Is Up 19% Today: Is It Outperforming Other Crypto Stocks Like Riot and CleanSpark?]]> The post MARA Is Up 19% Today: Is It Outperforming Other Crypto Stocks Like Riot and CleanSpark? appeared first on 24/7 Wall St.. Marathon Digital (MARA) rises 12% to $13.43 after securing 1,200-acre Texas land deal with 1 GW power capacity by Oct 2027, targeting ~4.8 GW capacity by April 2028. Marathon Digital's AI infrastructure pivot outpaces peers RIOT (+3%) and CLSK (+4%), but lacks signed hyperscaler tenant compared to rivals' locked contracts. Bitcoin rises 1.3% to $62,735, broadly lifting crypto miners; MARA outperforms sector. Watch hyperscaler announcements and Q2 earnings. Shares of Marathon Digital (NASDAQ:MARA) are up 18% in midday trading Thursday, changing hands at $14.27. The move puts Marathon Digital stock at the top of the crypto miner leaderboard on July 9, 2026, ahead of peers Riot Platforms (NASDAQ:RIOT), CleanSpark (NASDAQ:CLSK), and TeraWulf (NASDAQ:WULF), all of which are also higher. The rally caps a volatile stretch for MARA stock in which double-digit moves aren’t unheard-of. Today’s snapback matters for traders watching MARA stock approach the $15 resistance level. Bitcoin (CRYPTO:BTC) provides a sector tailwind. BTC is trading near $62,915 in midday action after tagging an intraday high of $63,199, up 1.76% over the past 24 hours. That mild Bitcoin bid lifts the whole complex, but MARA stock is outpacing its peers on the day. The Catalyst: A 1,200-Acre Bet on AI Power The trigger is a fresh land deal. Marathon Digital announced its acquisition of a 1,200-acre powered land site in Matagorda County, Texas from HIF USA, developed with Starwood Digital Ventures. The property is expected to provide up to 1 GW of grid capacity by October 2027, scaling to 2 GW by April 2028. Upon full energization, the site more than doubles Marathon Digital’s total power capacity to about 4.8 GW, factoring in the pending $1.5 billion Long Ridge acquisition, a 505 MW gas plant in Ohio. CEO Fred Thiel stated, “This transaction advances our strategy of securing strategically located infrastructure assets capable of supporting high-performance compute and bitcoin workloads.” The deal cements Marathon Digital’s pivot from pure-play mining toward AI and high-performance computing infrastructure, joining a sector-wide race to convert power-rich sites into data center campuses. It also aligns MARA with peers racing to monetize gigawatt-scale power assets. Peers Follow, but MARA Leads Today The rally has spread to multiple cryptocurrency-focused stocks. Riot Platforms stock is up 5% to $22.22, and CleanSpark shares are higher by 6% to $13.11. Meanwhile, TeraWulf stock is up 4% to $23.73. Riot Platforms brings AI credentials from $33.15 million in Q1 2026 data center revenue anchored by an Advanced Micro Devices (NASDAQ:AMD) lease at its Rockdale, Texas campus. TeraWulf sits further along the transition, with HPC lease revenue at more than 60% of Q1 2026 total and total contracted revenue above $13 billion, largely backstopped by Alphabet‘s (NASDAQ:GOOGL) Google credit. The YTD Picture Tells a Different Story Today’s leader isn’t the frontrunner for 2026 so far. Marathon Digital stock is up 50.5% year to date (YTD), but that trails Riot Platforms at 72% YTD and TeraWulf at 106%. CleanSpark shares are up 29% YTD, keeping MARA in the middle of the pack. Analyst positioning echoes the ranking. Citigroup (NYSE:C) raised its Riot Platforms stock price target to $28 with a Buy rating, and Morgan Stanley (NYSE:MS) lifted TeraWulf to $72 with an Overweight rating on its $19 billion, 20-year Anthropic lease. Marathon Digital faced the opposite treatment, with Morgan Stanley cutting its MARA target to $5.50 from $7 at Underweight, though the Street average target sits at $18.54. Bull vs. Bear on Marathon Digital The bull case rests on scale. If Matagorda, Long Ridge, and the Starwood joint venture deliver as advertised, Marathon Digital could rival TeraWulf and Riot Platforms in gigawatt-class AI capacity within roughly two years. Marathon Digital’s 72.2 EH/s energized hashrate, up 33% year over year (YoY) keeps mining cash flow live during the transition, and the pending Long Ridge close targets positive EBITDA on day one. The bear case centers on dilution and execution. MARA stock carries a beta of 5.37 and a 52-week range of $6.66 to $23.45. Critics point to executive compensation, equity raises, and the absence of a finalized hyperscaler tenant, something TeraWulf (Google, Core42, Fluidstack) and Riot Platforms (AMD) already have locked in. Furthermore, Marathon Digital’s Q1 2026 revenue of $174.6 million missed the $184.21 million consensus estimate. For sector-level context, the CoinShares Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) holds MARA, RIOT, and CLSK, offering diversified exposure to cryptocurrency-mining businesses. The ETF isn’t leveraged, though crypto-miner funds remain highly volatile. What to Watch Investors can watch for whether today’s move holds into the close and whether Marathon Digital secures a hyperscaler anchor tenant for Matagorda or Long Ridge. Given the group’s high beta and direct crypto linkage, investors should consider keeping position sizes modest and treating any single-day rally as tactical rather than thesis-confirming. Bitcoin’s next price move remains the swing factor for the whole cohort. A break back above $63,200 could extend the miner bounce into Friday, while a slip under $62,400 would likely take MARA, RIOT, CLSK, and WULF with it. The next scheduled catalyst is the group’s Q2 2026 earnings cycle, where Marathon Digital’s ability to translate power capacity into signed AI leases will be the key line for investors to track. The post MARA Is Up 19% Today: Is It Outperforming Other Crypto Stocks Like Riot and CleanSpark? appeared first on 24/7 Wall St..]]> Dave Ramsey: “Citibank and Amex Have Screwed an 85-Year-Old Widow” With $45,000 in Credit Card Debt Tue, 07 Jul 2026 22:09:52 +0000 ... Dave Ramsey: “Citibank and Amex Have Screwed an 85-Year-Old Widow” With $45,000 in Credit Card Debt]]> The post Dave Ramsey: “Citibank and Amex Have Screwed an 85-Year-Old Widow” With $45,000 in Credit Card Debt appeared first on 24/7 Wall St.. American Express (AXP) issued a 21% APR card to an 85-year-old widow on Social Security alone, but cannot collect the $9,385.15 judgment because Social Security is exempt from. This analysis holds only for widows with zero non-Social Security income and no personal assets; any inheritance, paid home. On the June 10, 2026 episode of The Ramsey Show, a caller named Michelle from New York explained that after her father died in July, she discovered her 85-year-old widowed mother had accumulated roughly $45,000 in credit card debt across an Amex, a Citi Mastercard, and a Citi Visa. Her mother owns nothing. The house was transferred to the children in 2006. Social Security is the only income, and about $300 a month is left after fixed expenses. Three collectors are sending letters. American Express has already filed suit for $9,385.15. Dave Ramsey’s response was blunt: “Citibank and Amex have screwed an 85-year-old widow. They issued her card at a high interest rate and she has


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CF Industries Holdings Inc (CF) Stock News & Articles - 24/7 Wall St. Insightful Analysis and Commentary for U.S. and Global Equity Investors Fri, 04 Sep 2026 18:49:28 +0000 en-US hourly 1 Jim Cramer Saw Copper Reaching $100, Yet One Trader Bought the Drop Fri, 04 Sep 2026 18:49:28 +0000 The post Jim Cramer Saw Copper Reaching $100, Yet One Trader Bought the Drop appeared first on 24/7 Wall St.. On the August 31 Mad Money “Off the Charts” segment with Bob Lang, Jim Cramer laid out a copper roadmap. Working the technicals on Freeport-McMoRan (NYSE:FCX), Cramer said “if 75 and change can break out, it goes to $80. That would be terrific. It’s smooth sailing then to “if 75 and change can break out, it goes to $80. That would be terrific. It’s smooth sailing then to $100.”00.” He added that the volume behind the copper miners meant “this rally is the real deal.” The breakout level failed almost immediately. FCX closed at $75.74 on August 31, the exact level Cramer flagged, then slid 4.2% to $72.56 by September 3. Over the past week the stock is down 6.66% to $73.20. The one-year chart still shows a 59.91% gain, so this is a pullback inside a powerful uptrend. Kevin Simpson Buys the Drop and Names His Kill Switch Kevin Simpson of Capital Wealth Planning added to both Freeport-McMoRan and Agnico Eagle Mines (NYSE:AEM) into the pullback on CNBC’s Halftime Report, extending a hard commodities theme he started the prior week with CF Industries (NYSE:CF). His reasoning for favoring copper over gold: “you’ve got an application for them with respect to electrification. If you believe in the data center build out.” That buildout runs on more than chips: we rounded up seven of the power, cooling, and infrastructure suppliers behind it in a free report on the AI infrastructure trade. Simpson publicly named his macro kill switch: “If we get a rate hike in September, October, December, then forget the gold trade. I mean I’m completely off base with this,” he said. That is a rare admission of a specific condition that would invalidate the trade. Copper Bull Case Freeport Is Selling Freeport’s numbers explain why Cramer and Simpson are aligned. In Q1 2026, FCX reported adjusted EPS of $0.57 versus $0.47 expected on revenue of $6.23 billion, up 12.2% year over year, with a realized copper price of $5.78 per pound versus $4.44 a year earlier. It was FCX’s fourth consecutive EPS beat. On the Q2 conference call, CEO Kathleen Quirk said “as we look forward, it is clear the market will require additional copper supplies to meet growing demand.” Freeport modeled 2027-2028 EBITDA at roughly roughly $13 billion at $5 copper and $20 billion at $7 copper3 billion at $5 copper and $20 billion at $7 copper, with each 10-cent move in copper worth about $390 million in annual EBITDA. Details are in the company’s Q1 2026 8-K filing. The macro tailwinds are real. The USGS added copper to the Critical Minerals list in November 2025, and S&P Global projects copper demand reaching 42 million metric tons by 2040, a 50% increase driven by electrification, AI data centers, and defense. Sell-side analysts carry an average price target of $72.05 on FCX, which the stock has already exceeded. Gold and Fertilizer Legs of Simpson’s Trade Agnico Eagle is a pure gold play. Q2 2026 delivered adjusted EPS of $3.07 on revenue of $3.80 billion, up 35% year over year, with realized gold at $4,483 per ounce, close to today’s spot price near $4,418. AEM is still up 36.23% over the past month at $204.71 even after this week’s 4.76% pullback. CF Industries has gained 9.56% since August 28 and is up 76.88% year to date. What to Watch Next The trade hinges on two factors. First, the Grasberg ramp. Freeport targets roughly 65% of capacity in H2 2026, 80% by mid-2027, and near full capacity by end of 2027. Second, the Fed. Simpson has told the market exactly which outcome breaks his thesis. If copper holds the $5.78 realized level and rate cuts stay on the table, Cramer’s path to $100 stays alive. If not, the $75 breakout that failed on August 31 becomes a warning shot for the broader thesis. The post Jim Cramer Saw Copper Reaching $100, Yet One Trader Bought the Drop appeared first on 24/7 Wall St..]]> UBS Lifts CF Industries to $140 Price Target: Urea Prices Are Up 77% and the Market Hasn’t Caught On Thu, 26 Mar 2026 18:47:12 +0000 The post UBS Lifts CF Industries to $140 Price Target: Urea Prices Are Up 77% and the Market Hasn’t Caught On appeared first on 24/7 Wall St.. CF Industries Holdings (NYSE:CF) has been a standout performer in basic materials this year. The stock is up 4.62% over the past week, 35.52% over the past month, and 64.32% year-to-date, trading at $131.67 as of March 26, 2026. Most Wall Street analysts remain cautious, with a consensus price target of just $107.68 across 16 Hold, 2 Buy, and 2 Sell ratings. UBS stands apart, raising its price target to $140 from $97 while maintaining a Neutral rating — roughly 9% above the current price and well above Street consensus. Can CF realistically reach $140 by end of 2026? UBS’s $140 CF Prediction UBS sees scope for further upside in nitrogen pricing and earnings, with the current industry disruption more severe than what is reflected in gas and nitrogen pricing at present, depending on duration. The firm’s thesis centers on a supply shock the broader market has not fully priced in. Urea prices have surged 77% due to supply disruptions, yet CF’s stock still trades at a P/E of just 14.28x, well below the broader chemicals sector average — suggesting meaningful re-rating potential if nitrogen pricing holds. Key Drivers of CF Stock Performance Middle East Supply Disruptions: Conflict in the Persian Gulf has stalled fertilizer exports from major regional producers. Iran-U.S. tensions and effective closure of the Strait of Hormuz have tightened global nitrogen supply sharply. As North America’s largest nitrogen producer, CF is insulated from these disruptions while benefiting from the resulting price spike, creating durable margin expansion. Strong Global Nitrogen Demand: U.S. corn plantings are expected to remain high in 2026, while India’s urea stocks are approximately 35% lower year-over-year. Global nitrogen demand is growing at roughly 1.5% annually, and new capacity under construction is not projected to keep pace, supporting a pricing floor that benefits long-term holders. Capital Returns and Clean Energy Growth: CF returned $1.70 billion to shareholders in 2025 and has approximately $1.7 billion remaining on its $2 billion buyback program through December 2029. The Blue Point low-carbon ammonia joint venture with JERA and Mitsui, targeting production in 2029, positions CF for the emerging clean hydrogen economy — adding long-duration growth to an already cash-generative business. What Will It Take for CF to Reach $140? With 153.6 million shares outstanding, a $140 price target represents meaningful upside from today’s market capitalization of $21.5 billion. Getting there requires nitrogen prices to remain elevated through mid-to-late 2026, the Yazoo City Complex outage to resolve on schedule by Q4 2026, and continued execution on the Blue Point JV. Natural gas costs bear watching: after spiking to $7.72/MMBtu in January 2026 before pulling back to $3.62 in February, input cost volatility remains the central variable in CF’s margin equation. The primary risk is a geopolitical de-escalation that normalizes nitrogen supply faster than expected, unwinding the pricing tailwind underpinning UBS’s thesis. Even so, with full-year 2025 free cash flow of $1.789 billion, a disciplined buyback program, and a structural cost advantage over European and Asian producers, CF presents a combination of near-term pricing leverage and long-term compounding through capital returns and clean energy optionality. The post UBS Lifts CF Industries to $140 Price Target: Urea Prices Are Up 77% and the Market Hasn’t Caught On appeared first on 24/7 Wall St..]]> MOS Trades at 14x Earnings While Its Brazil Business Just Grew EBITDA 190% In Q3 2025 Tue, 24 Mar 2026 14:23:34 +0000 The post MOS Trades at 14x Earnings While Its Brazil Business Just Grew EBITDA 190% In Q3 2025 appeared first on 24/7 Wall St.. Mosaic (NYSE:MOS) is trading near its 52-week low after shares fell about 14% over the past week and about 13% over the past month. The catalyst was a Q4 2025 net loss of $519.5 million, driven by surging sulfur costs and a $189 million impairment charge. Yet full-year 2025 net income came in at $540.7 million, a number that tells a very different story than the headline quarter. It won’t come as much of a surprise to learn that Reddit has taken notice. A single thread on r/wallstreetbets is driving all of Mosaic’s current social sentiment, with a bullish score of 72 out of 100 across four consecutive measurement periods over the past 30 hours. 24/7 Wall St.This infographic details Mosaic (MOS) as a potential “sleeper trade” investment with a bullish social sentiment score of 72, driven by geopolitical concerns and market supply factors as of March 23, 2026. The Hormuz Fertilizer Thesis The dominant thread, posted by u/Cueg, frames Mosaic as a geopolitical sleeper trade. The post argues that oil gets the headlines, but fertilizer is the second-order play: “a massive chunk (1/3) of global fertilizer production and logistics runs through that region, directly or indirectly… fertilizer feels like it lags, then moves harder once shortages actually show up.” If Hormuz stays disrupted, fertilizer might be the sleeper tradeby u/Cueg in wallstreetbets   The post has accumulated 1,198 upvotes and 473 comments as of early Tuesday, up from 728 upvotes and 401 comments at peak engagement Monday evening. Activity scores held steady rather than spiked, suggesting genuine investment discussion. The bullish case rests on three structural arguments: Chinese phosphate exports are expected to fall more than 1.5 million tonnes, tightening global supply into 2026 and pushing buyers toward Mosaic’s volumes. Mosaic’s Brazil segment delivered 190% EBITDA growth year-over-year in Q3 2025, with gross margins expanding from $44 to $65 per tonne, making it the company’s clearest growth engine. Mosaic trades at roughly 14x earnings, well below the chemicals industry average of 26x and the peer group average of 19x.   Sulfur Costs and the Bear Case Looking at analyst considerations, Bank of America downgraded Mosaic from Buy to Neutral on March 20-21, cutting its price target to $30 from $33 and declaring that “margin expansion is now more likely a 2027 story.” As a result of this analyst shift, the stock fell nearly 10% on that day alone. CFO Luciano Pires was direct on the Q4 earnings call: “Every $10 increase in sulfur prices adds approximately $10 million of quarterly expense. Compared with the prior year first quarter, we thus expect a roughly $250 million headwind to Q1 ’26 EBITDA.” Sulfur hit approximately $500 per metric ton late in Q4 2025, against a recorded cost of $306 per tonne. Working capital consumed $960 million in cash during 2025. Peer Nutrien (NYSE:NTR) trades at a trailing P/E of roughly 16x, with a market cap near $35 billion, offering more diversified fertilizer exposure with less Brazil-concentration risk. CF Industries (NYSE:CF) is up 65% year to date, largely because its domestic natural gas advantage insulates it from the sulfur and ammonia inflation squeezing Mosaic. Management expects a $300 to $500 million working capital release in 2026, and phosphate conversion costs are already on a downward path toward a sub-$100 per tonne target. The underlying supply tightness in phosphate is real. Whether Brazil’s credit constraints and sulfur headwinds clear fast enough to show up in cash flow is the question that matters. Data Sources: Mosaic’s Rare Earths Bet Could Revalue the Stock (247 Wall St, March 18, 2026): background on Brazil strategic initiatives and rare earths optionality. Is Mosaic (MOS) Still A Bargain After Its Recent 20% Share Price Jump?: P/E valuation benchmarks, DCF analysis, and peer comparison metrics. The Mosaic Company (MOS) Traded Down Due to Softer Fertilizer Demand: Q4 2025 financial results, production guidance, and execution risk context. Q4 2025 Earnings Call Transcript (Alpha Vantage): sulfur cost quantification, Brazil production curtailments, working capital dynamics, and management guidance. The post MOS Trades at 14x Earnings While Its Brazil Business Just Grew EBITDA 190% In Q3 2025 appeared first on 24/7 Wall St..]]> CF Industries Is Up 59% Year to Date and a DOJ Probe Just Complicated the Story Fri, 20 Mar 2026 10:00:31 +0000 The post CF Industries Is Up 59% Year to Date and a DOJ Probe Just Complicated the Story appeared first on 24/7 Wall St.. A leading global manufacturer of hydrogen and nitrogen products, CF Industries (NYSE:CF) has surged 59% year-to-date amid Iran-linked supply disruptions, which have tightened global nitrogen markets, with shares reaching $123.29 as of March 17. But the rally drawing retail investors is also drawing federal regulators, raising a question Reddit has not fully priced in: is CF sitting on a geopolitical windfall, or walking into a legal trap? The fundamentals are hard to argue with as CF reported Q4 2025 revenue of $1.87 billion, beating estimates by 7%, with gross margin expanding to 40.9% from 34.4% a year earlier. Other good news included full-year net income of $1.455 billion, up 19%. Additionally, a $169.5 million cash settlement from Orica, announced March 16, added a near-term cash tailwind. Then came the headwind: a DOJ antitrust probe that put a legal overhang on what had been a clean supply-disruption story. 24/7 Wall St.This infographic details the investment profile of CF Industries, highlighting its ‘Very Bullish’ social sentiment score of 88, driven by strong tailwinds and moderated by identified headwinds. Reddit Found the Hormuz Trade Early Sentiment on CF climbed from 72 on March 9 to 88 by March 12-13, driven by two waves. The geopolitical angle broke first in r/stocks, where a post titled “Not just oil….but also fertiliser…one third passes through the Hormuz” framed CF as a direct beneficiary of Middle East supply chain disruption, arguing that CF Industries stands to benefit as one-third of global fertiliser supply passes through the Strait of Hormuz and any disruption removes a major competing supply source from world markets. Not just oil….but also fertiliser…one third passes through the Hormuzby u/[post_author] in stocks   Days later, r/wallstreetbets lit up with gains posts. $CF 100k++ gainz in one day, thank you Value Investors for the fertilizers heads upby u/wallstreetbets_poster in wallstreetbets   That post reached 212 upvotes and 70 comments by March 13. The structural case behind the enthusiasm: ~20% of European ammonia capacity and ~25% of European urea capacity are currently curtailed, removing a major competing supply source from global markets CF’s 97% FY 2025 capacity utilization sits 10% above North American peers, giving it maximum leverage on tight pricing Russian nitrogen exports run approximately 15% below pre-war levels, and Chinese urea exports remain restricted under strict quotas   The Legal Overhang Institutional Investors Are Watching The bull case collides with a pattern institutions have noticed, as insiders tracking the stock have logged 25 sales and zero buys over the past year, including director and former CEO Anthony Will selling 57,364 shares worth $6.27 million on March 9 and W. Will selling 81,651 shares at $126.56 on March 13. Barclays, AustralianSuper, and the Public Sector Pension Investment Board all trimmed or cut positions in February and March. The analyst consensus is “Hold” with a price target near $101, well below where shares trade today. Mosaic (NYSE:MOS), focused on phosphate and potash rather than nitrogen, is idling lower-margin Brazilian facilities amid weak U.S. phosphate demand. CF’s nitrogen focus and North American gas cost advantage put it in a structurally different position. The key watch item is how the DOJ probe develops: formal price-fixing charges could unwind the geopolitical premium faster than the supply disruption that built it.The post CF Industries Is Up 59% Year to Date and a DOJ Probe Just Complicated the Story appeared first on 24/7 Wall St..]]> CF Industries Is Up 76% and Fertilizer Supply Is Why Fri, 13 Mar 2026 17:35:24 +0000 The post CF Industries Is Up 76% and Fertilizer Supply Is Why appeared first on 24/7 Wall St.. The world’s largest producer of ammonia, CF Industries (NYSE:CF) shares hit an all-time high this week, up 67.6% year-to-date as escalating Middle East conflict tightened global nitrogen supply and sent fertilizer prices surging. CF is trading around $129.60 on Friday after pulling back from a $136 close on March 12. The thesis is straightforward right now, even amid international disarray, as Iran and the Strait of Hormuz handle a meaningful share of global fertilizer flows, and CF is one of the few large-scale North American producers positioned to fill that gap at a structural cost advantage. Reddit Found CF Before the Headlines Did Retail sentiment climbed from 72 on March 9 to a sustained 88 by March 12, with r/wallstreetbets driving most of the volume. The geopolitical angle surfaced first in r/stocks, where the post “Not just oil….but also fertiliser…one third passes through the Hormuz” drew early attention to the supply disruption. Not just oil….but also fertiliser…one third passes through the Hormuzby u/stocks_poster in stocks   In “$CF 100k++ gainz in one day, thank you Value Investors for the fertilizers heads up”, the poster wrote: “Saw the fertilizer Hormuz thread in r/stocks last week and loaded up on CF calls — paid off big today.” That post reached 192 upvotes and 65 comments by Friday morning. The bullish case rests on three pillars: Roughly 20% of European ammonia capacity and 25% of urea capacity are currently curtailed, removing a major supply source from global markets CF posted full-year revenue of $7.08 billion, up 19.1% year-over-year, with Q4 gross margin expanding to 38.5% from 34.6% versus the prior year North American natural gas costs remain far below European feedstock prices, giving CF a durable margin advantage as long as that spread holds   Solid Earnings, Fragile Geopolitical Premium The good news for investors closely watching the stock is that this rally is not purely speculative, as CF beat Q4 EPS estimates by $0.11 to $2.59 versus the $2.48 consensus, and full-year adjusted EBITDA grew to $2.89 billion from $2.28 billion in 2024. Barclays raised its price target to $120, citing favorable nitrogen market forecasts, though the stock has already blown past that level. Prediction markets assign only a 19.5% probability to the Iran conflict resolving by March 31, suggesting the supply-disruption narrative has room to persist in the near term. 24/7 Wall St.This infographic details the investment profile of CF Industries, highlighting its ‘Very Bullish’ social sentiment score and the key factors driving it, including geopolitical supply tightening, strong Q4 2025 earnings, and a low-carbon ammonia strategy. CF’s Blue Ammonia Bet Changes the Long-Term Story Even if the geopolitical tailwind fades, CF is building a second act. The Blue Point joint venture with JERA and Mitsui targets low-carbon ammonia production in Louisiana, and the Yazoo City carbon capture project with ExxonMobil (NYSE:XOM) is targeting a 2028 startup. CF already sold its first certified low-carbon ammonia cargoes at premium prices in Q3 2025. Analysts will be watching whether the clean ammonia platform can support a higher valuation floor once the geopolitical premium fades.The post CF Industries Is Up 76% and Fertilizer Supply Is Why appeared first on 24/7 Wall St..]]> Stock Market Live August 13: As President Trump Threatens to Sue Fed Chair Powell, the S&P 500 (VOO) Keeps Marching Higher Wed, 13 Aug 2025 12:58:18 +0000 The post Stock Market Live August 13: As President Trump Threatens to Sue Fed Chair Powell, the S&P 500 (VOO) Keeps Marching Higher appeared first on 24/7 Wall St.. Live Updates Ask a Question, Get a Dashboard: What Yahoo Scout Does Inside AlphaSpaceAlphaSpace is a powerful new research platform that is democratizing investing and trading for individuals today. It brings insights and data that previously would have been the stuff of Wall St traders, or hedge funds. But that's not all. Every AlphaSpace view has an AI analyst wired into it. Yahoo Scout pulls the numbers behind a move, sets up the panels for a company you have never researched before, and turns a vague question into something you can actually look at. Access runs $39.95 a month or $479.40 for the year, and the first seven days are free.Start the trial and look around. (Sponsor)Wednesday Wrap-up4:17pm ETThe Vanguard S&P 500 ETF closed at 592.84 Wednesday, up 0.35%. Walmart Rolls Back Prices for Employees11:45am ETS&P 500 component company Walmart (NYSE: WMT) just announced it will expand its 10% “employee discount” on goods purchased in its stores to include grocery items. Rival grocers AFLAC (NYSE: TGT) and Amazon (Nasdaq: AMZN) Whole Foods already give discounts of 10% to 20% on grocery items purchased in-store by employees, and Walmart’s move should help keep the company competitive when trying to attract workers from rival employers. There is a risk the move will ding profits, however, and Walmart stock is down 1.8% today. The Voo is holding onto a 0.2% gain.   AFLAC Flies Higher10:04am ETBMO Capital analyst Jack Matten raised his price target on S&P 500 component AFLAC (NYSE: AFL) to $105 this morning, but with only a neutral “market perform” rating. The analyst sees AFLAC earning about $6.91 per share this year, rising to $7.38 in 2026, and cites “better U.S. segment margins, Japan segment growth, stronger net investment income, and higher share repurchases” as all encouraging for the stock. AFLAC shares are up 1.6%. CF Gets an 'A'9:31am ETBarclays  analyst Benjamin Theurer upgraded S&P 500 component company CF Industries (NYSE: CF) to overweight this morning, with a price target of $100. CF is in line to earn a $50-per-ton benefit from section 45Q tax credits for low-carbon production of ammonia, says the analyst, potentially boosting adjusted EBITDA by 10% in 2026. CF stock is up a modest 0.3% in the opening minutes of trading. The Voo is also up 0.3%. This article will be updated throughout the day, so check back often for more daily updates. A tame inflation report set the stock market on fire yesterday, sending the Vanguard S&P 500 ETF (NYSEMKT: VOO) up 1%. But can the momentum continue into Wednesday? President Trump is doing his best to keep the rally going, albeit in a novel way — by threatening to sue Federal Reserve Chairman Jerome Powell if the Federal Open Markets Committee doesn’t agree to lower interest rate targets very soon. “Jerome ‘Too Late’ Powell must NOW lower the rate,” declared the President on Truth Social last night, aiming to jolt the stock market higher with  hopes of a rate cut. Additionally, the President plans to nominate Heritage Foundation economist E.J. Antoni to head the Bureau of Labor Statistics. Antoni is known to favor discontinuing the publication of monthly unemployment updates, switching to a quarterly data system that he says would be “more accurate, though less timely.” Such a move would also give investors less information to worry about, potentially smoothing out monthly market gyrations. Long story short, big changes are afoot. And yet, investors seem to be taking all of the above in stride, and the Vanguard S&P 500 ETF is trading up 0.3% premarket. Earnings Chili’s Grill & Bar and Maggiano’s Little Italy operator Brinker International (NYSE: EAT) reported fiscal Q4 earnings of $2.49 per share this morning, a nickel better than analyst estimates. Quarterly revenue of $1.44 billion nailed the analyst forecast. Brinker followed up the good news with an optimistic  forecast for $5.6 billion to $5.7 billion in fiscal 2026 revenue, and earnings between $9.90 and $10.50 per share, sending its stock up more than 6% premarket. 3-D printing company Stratasys (Nasdaq: SSYS) reported a Q2 profit of $0.03 per share, right in line with Wall Street expectations. Revenue was $138.1 million, ahead of estimates. Stratasys’s guidance, however, was exceedingly weak: $550 million to $560 million in sales, below analyst forecasts, and earnings of no more than $0.16 per share — half of what Wall Street wanted to see. Stratasys shares are moving 13% lower premarket. The post Stock Market Live August 13: As President Trump Threatens to Sue Fed Chair Powell, the S&P 500 (VOO) Keeps Marching Higher appeared first on 24/7 Wall St..]]> Tuesday’s Top Wall Street Analyst Upgrades and Downgrades: Amgen, Coterra Energy, Eaton, Marriott, Monster Beverage, Mosaic, Urban Outfitters, Wayfair and More Tue, 15 Aug 2023 12:47:14 +0000

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