UBS Says GM’s Best Business Is Not Cars. It Is the Subscription Inside Them.
UBS lifted its GM target to $114, arguing software subscriptions deserve a richer multiple than truck sales. The forecast runs to 2036,…
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Market Update
Our take on the stories shaping personal finance and investing — market notes and research highlights, updated regularly.
Core Inflation Ran Hot Again and the Fed Meets Wednesday. The Hike Is Not the Risk.
Core CPI rose 0.3% in August and markets expect a Fed hike on Wednesday. The decision is priced in; what moves portfolios…
Apple Priced Its Folding iPhone $300 Below Expectations — That Tells You What It Is Buying
Apple's folding iPhone launched at $1,999, several hundred dollars below what investors expected. Bank of America stayed positive, but Needham notes foldables…
UBS Says the Market Is Pricing Lockheed Like a Bond — Most of the Street Still Disagrees
UBS upgraded Lockheed Martin to Buy with a $674 target, arguing 2028 estimates are too low. Thirteen of 24 analysts still rate…
Oura’s IPO Filing Shows the Ring Is the Hook. The Subscription Is the Business.
Oura filed to go public with $1.21 billion of revenue in nine months and a swing to profit. Rings are 80% of…
Deutsche Bank Says Robinhood’s Blockchain Fees Are Already Outrunning Its Own Forecast
Deutsche Bank lifted its Robinhood target to $136 on fee income from Robinhood Chain, where five days of late-August activity matched a…
Corn Futures Just Hit a Three-Year High — And That’s Really a Bet on Tractor Sales
Baird upgraded Deere on the argument that the North American farm cycle has turned. The corn math is convincing; the timing question…
SpaceX Said It Would Build Its Own Turbine Blades. The Selloff Missed What That Actually Signals.
Howmet fell after SpaceX said it would cast turbine blades in-house. Analysts read the move as evidence of scarcity, not competition —…
The Off-Price Retailers Are Diverging Hard — And One Chain Is Pulling Away
All three major off-price retail chains have now reported earnings, and the scoreboard isn’t close. Ross Stores posted 10% comparable sales growth,…