U.S. stocks could shake off the past week’s negativity and push ahead on expectations of a healthy reporting season, the Federal Reserve cutting rates, and the rising odds of a victory for former President Donald Trump in the Nov. election. President Joe Biden on Sunday confirmed the inevitable by announcing that he is quitting the race.
Vodafone Group has sold a 10% stake in Vantage Towers for €1.3 billion ($1.4 billion) to reduce debt. This further sale achieves the 50:50 joint ownership structure with the consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR.
Ryanair Holdings reported lower Q1 FY25 results with revenue down 1% and net profit down 46%. They expect traffic to grow by 8% for FY25. The company now anticipates second-quarter fares to be notably lower than last summer.
The U.S. political landscape saw tectonic shifts as incumbent Joe Biden dropped out of the 2024 presidential contest against his arch-rival Donald Trump.
What Happened: This major development injected fresh volatility in coins themed on former President Trump, who is viewed as a pro-cryptocurrency candidate by some.
The worst performers in the past week were LPL Financial, AMD, Domino's Pizza, ASML Holding, Charles Schwab, Vistra Corp, Super Micro Computer, Onto Innovation, Micron Technology, Lam Research, and Applied Materials.
Top performers last week: $WBD up 18.28%, $MSTR up 16.74%, $DHI up 12.91%, $COIN up 12.39%, $OQL up 7.89%, $UNH up 7.84%, $STT up 7.21%, $LEN up 7.07%, $TOST up 7.05%, $EPAM up 6.97%. Are they in your portfolio?