
Utility Stocks Sink to 52-Week Lows as Treasury Yield Tops 5.04%
NRG Energy (NRG) sank 4.9% to a 52-week low as the 10-year Treasury yield hit 5.04%, a 19-year high.
Daily Digest
Daily Digest
Pomegra Briefs - Page 43 of 52
Short, sourced summaries of the biggest market stories - what happened, why it matters, the key numbers, and what to watch next

NRG Energy (NRG) sank 4.9% to a 52-week low as the 10-year Treasury yield hit 5.04%, a 19-year high.
Morgan Stanley cut Expedia (EXPE) to Underweight at $235 on hotel direct-booking risk and consumer weakness.
WaFd (WAFD) shares sank 5.3% as EverBank's $3.9B deal reshapes it into a $75B bank to trade on Nasdaq as EVBK.

Costco (COST) and Uber (UBER) triple US delivery to 600 warehouses, with 30%-off and 50%-off Uber One deals.

J.B. Hunt (JBHT) CFO warns Q3 earnings will fall up to 10% from Q2 as record diesel costs hit freight margins.

Intel (INTC) jumped 5%; SK Hynix (000660.KS) 4% after Reuters exclusive on US memory chip talks.

Chevron (CVX) rises on war-driven Brent crude at $107; energy is the lone S&P 500 sector up this week.
Lennar (LEN) reports Q3 tonight with consensus EPS at $1.28, down 35%, as the Fed weighs hiking rates.
Warsh's Fed is set to lift rates to 4%; S&P 500 (SPX) averages 3.4% drop after a first hike.

Advanced Micro Devices (AMD) rose 6% after CFO Jean Hu raised the 2030 AI chip market to $3T; sector fell.

Brent (BZ=F) at $107.72 as Iran fires at US carriers and Hormuz ship crossings fall to a record 6 per day.

Oppenheimer lifts Etsy (ETSY) to Outperform with a $90 target citing AI shopping and app conversion gains.
ResMed (RMD) rose 3% after RBC Capital upgraded to Outperform with a $262 target on FY2027 growth.

Broadcom (AVGO) beat Q3 with $29.6B; 65% Fed-hike odds and falling chip stocks sent shares 4% lower anyway.

GameStop (GME) CEO Cohen's $20.4M share buy signals an imminent hostile tender offer for eBay, bid at $125.
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