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Shares of Intel are up about $1.56, or by 3.3%.
All after analysts at KeyBanc increased their rating on INTC to overweight with a $60 price target.
“Intel’s progress with its 18A-node chipmaking process is ‘enough to convince us it could credibly be the No. 2 foundry supplier in the industry ahead of Samsung,” they added, as quoted by Investor’s Business Daily.
In addition, President Trump just praised Intel’s production advancements.
“Intel just launched the first sub-2-nanometer CPU processor designed, built, and packaged right here in the U.S.A.,” Trump said. “The United States government is proud to be a shareholder of Intel … Our country is determined to bring leading-edge chip manufacturing back to America, and that is exactly what is happening!”
Analysts at Bank of America just reiterated a buy rating on L3Harris after a massive $1 billion investment from the Pentagon. The firm now has a price target of $400 a share.
As noted by CNBC, “The change comes a day after L3Harris said the Pentagon would invest $1 billion in the company’s missiles division, which is expected to become an independent business in the second half of 2026 through an IPO.”
After another record-setting day, futures are under pressure.
The S&P 500, for example, is 0.40%. The SPSR S&P 500 ETF (SPY) is down 0.41%. The Dow is down 0.31%, while the tech-heavy Nasdaq has slipped by about 0.57%.
All as investors digest bank earnings.
Wells Fargo slipped after posting weaker than expected earnings for the fourth quarter. Its top line came in at $21.29 billion, which was below estimates of $21.65 billion.
Bank of America beat earnings, earning 98 cents per share on revenue of $28.53 billion. Analysts were looking for 96 cents per share on revenue of $27.94 billion.
Oil Could Gush Higher if Tensions Boil Over
“Help is on the way.”
That’s what President Trump just told Iranian protesters.
All after the Islamic Republic’s security forces cracked down on a large-scale demonstration, with hundreds feared dead. With that, there’s now growing speculation of a potential U.S. strike against Iran, which could ignite a firestorm in the region and send oil prices gushing higher.
Not only is Iran a major crude oil producer, but it could choke off the Strait of Hormuz, where 13 million barrels of oil travel through every day.
“A disruption through the Strait of Hormuz could cause a global oil and gas crisis, especially when considering the ‘desperate and ill-advised lengths the current Iranian regime may go to’ should they find themselves increasingly backed into a corner with their power and lives at stake, said Saul Kavonic, head of energy research at MST Marquee, as quoted by CNBC.
If the U.S. goes to war with Iran, investors will want to be well-positioned for gushing oil prices.
Gold Could Test $5,000 by February
At record highs, gold could soon test $5,000.
All as escalating tensions in Iran, mounting political pressure on the U.S. Federal Reserve, economic issues, and aggressive buying by global central banks boost demand.
Analysts at UBS say gold could rally to $5,000 by the third quarter, with the potential for $5,400 if political and economic risks mount. Bank of America is calling for $5,000 gold. JPMorgan is calling for $5,000 gold by the end of 2026.
Goldman Sachs just reiterated its buy rating on Amazon
Goldman Sachs just raised its price target on Amazon (NASDAQ: AMZN) to $300 from $290. The firm likes it as a top large pick for 2026. “We see a Q4 earnings report that is likely to be built on similar narratives seen in its Q3 earnings report,” they said, as quoted by CNBC.
Wells Fargo reiterated an overweight rating on Nvidia (NASDAQ: NVDA).
“Our Overweight rating is based on our positive stance on NVIDIA’s competitive positioning in gaming GPUs and expanding growth opportunities in data center, HPC [high performance computing], and emerging/expanding AI opportunities (autonomous vehicles, healthcare, robotics, etc.),” they said, as also quoted by CNBC.
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