As midday approached, major indices experienced slight upticks, continuing the previous day's modest gains. Investors were responding to new developments in U.S.-China trade negotiations and a fresh wave of corporate earnings reports. President Trump's partial rollback on certain electronics tariffs and potential concessions for the auto sector helped temper previous escalations in trade tensions.
Among the corporate updates, Bank of America (BAC) reported better-than-anticipated first-quarter results, highlighting growth in commercial loans across various business sectors. Similarly, Citi (C) impressed with upbeat earnings and revenue figures, providing revenue guidance for fiscal year 2025. Johnson & Johnson (JNJ) exceeded expectations in its Q1 results, raised its operational sales outlook for FY25, and announced a roughly 5% increase in its quarterly dividend. Meanwhile, Lowe’s (LOW) has agreed to purchase Artisan Design Group for $1.325 billion.
In other stock moves, General Motors (GM) faced a downgrade to Equal Weight from Overweight by Barclays, while HubSpot (HUBS) received an upgrade to Buy from Neutral by UBS. PepsiCo (PEP) was downgraded to Neutral by BofA due to slower growth in its snacks segment, and Nike (NKE) was given a neutral rating by Berenberg. MercadoLibre (MELI) was started at a Buy by Benchmark, citing its strong regional leadership.
On the commodities front, gold prices remained steady above the $3,200 mark, while oil prices saw a slight decline. In other developments, Elliott Investment Management increased its stake in HP Enterprise (HPE) to over $1.5 billion, and AMD (AMD) announced plans to expand AI server production in the U.S.
By midday, the major indices showed modest growth: the Dow Jones climbed 0.16% to 40,591.10, the Nasdaq rose 0.26% to 16,875.40, and the S&P 500 increased 0.29% to 5,421.71.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Albertsons Companies Inc (ACI, Financial) is $23.57 with a high estimate of $27.00 and a low estimate of $19.00. The average target implies an upside of 18.57% from the current price of $19.88. More detailed estimate data can be found on the Albertsons Companies Inc (ACI) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Albertsons Companies Inc's (ACI, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Albertsons Companies Inc (ACI, Financial) in one year is $21.75, suggesting a upside of 9.41% from the current price of $19.88. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Albertsons Companies Inc (ACI) Summary page.
