Latest news with #BigBeautifulBill
Yahoo
2 hours ago
- Business
- Yahoo
Circle initiated, Charter upgraded: Wall Street's top analyst calls
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Upgrades: Wolfe Research upgraded Charter (CHTR) to Peer Perform from Underperform without a price target. President Trump's "Big Beautiful Bill" seems likely to reinstate 100% bonus depreciation, notes the firm, which estimates the five major connectivity providers could cumulatively gain $10.5B of cash tax relief in 2025 alone. Wells Fargo upgraded Mondelez (MDLZ) to Overweight from Equal Weight with a price target of $78, up from $68. The firm sees the "intersection" of price execution, "ever-muted" inflation in 2026 and a low relative valuation creating the "optimal bull case" for Mondelez. BMO Capital upgraded CubeSmart (CUBE) to Outperform from Market Perform with a $49 price target, up from $48, and moved to the analyst's top pick in storage. The firm sees CubeSmart's more urban exposure versus peers, exemplified in leading demographics, as likely to continue to outperform, particularly in New York City. Stifel upgraded EPR Properties (EPR) to Buy from Hold with a price target of $65, up from $52, visiting the company. With improvements in the share price and cost of capital, the company "can once again return to reasonable external growth," the firm tells investors in a research note. Top Downgrades: William Blair downgraded Sarepta (SRPT) to Market Perform from Outperform without a price target. The reduction in peak revenue opportunity following second case of fatal acute liver failure due to Elevidys treatment and "growing number of uncertain variables will be a deterrent for investors," the firm tells investors in a research note. Argus downgraded Campbell's (CPB) to Hold from Buy. The firm believes that valuations on the stock are reasonable given the company's weak volume and "less than robust" outlook, though it would look to upgrade on signs of sustained volume and margin growth. Oppenheimer downgraded Johnson Controls (JCI) to Perform from Outperform on valuation. Following re-rating during the June quarter, valuation now sits at historical highs across multiple metrics, the firm notes. BMO Capital downgraded Public Storage (PSA) to Market Perform from Outperform with a $325 price target. The firm remains positive on Public Storage's long-term fundamentals but says the shares have outperformed over the past year. Stifel downgraded Jack in the Box (JACK) to Hold from Buy with a price target of $20, down from $32. The Trump administration's aggressive immigration policies are likely to create a "significant sales headwind for an unpredictable period." Top Initiations: Seaport Research initiated coverage of Circle (CRCL) with a Buy rating and $235 price target, telling investors that the firm views Circle as "a top-tier crypto 'disruptor' with a sizeable future opportunity." Janney Montgomery Scott initiated coverage of Everest Group (EG) with a Buy rating and $425 fair value estimate. Everest is a "top-tier" global property and casualty reinsurer with a growing primary insurance business with "a long-term track record of strong performance," having generated a median operating return on equity of 12% and average annual growth in shareholder value of 11% over the last 25 years, the firm tells investors. Macquarie initiated coverage of Sportradar (SRAD) with an Outperform rating and $32 price target. The market is still underestimating more U.S. state legalization, the in-play betting shift, and further market penetration in international markets, contends the firm, which doesn't think Sportradar's current valuation is reflective of OSB in California and Texas nor a U.S. in-play shift above 50% this decade. Wolfe Research initiated coverage of TPG (TPG) with an Outperform rating and $60 price target, representing over 20% upside. The firm sees "several ways" for TPG to generate high-teens fee-related earnings growth through 2027. Wells Fargo initiated coverage of Metsera (MTSR) with an Overweight rating and $65 price target. Wells sees a good risk/reward at current levels, saying data over the next year will strengthen Metsera's "differentiated profile." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Los Angeles Times
2 hours ago
- Politics
- Los Angeles Times
Letters to the Editor: This reader felt the call to speak out against the ‘Big Beautiful Bill'
To the editor: When I retired from my teaching career, I decided that I was going to get more actively involved in trying to make a difference through communication in written form. I had already educated students in history for 16 years and now I wanted to reach a bigger audience. Although writing was rewarding, I felt that I still needed to continue to communicate verbally to try to make a difference. To that effect, I have, on three occasions, made calls to lawmakers to express my opinion about legislation. I called countless federal legislators during President Trump's first term to try to keep the Affordable Care Act from being repealed. I still remember my joy in watching Sen. John McCain cast the deciding vote. Twice now in the last two months, I have called every senator over two bills, the first being the SAVE Act. Yesterday, I completed 100 calls to try to convince the senators that parts of the 'Big Beautiful Bill' are devastating ('Senate Republicans seek tougher Medicaid cuts and lower SALT deduction in Trump's big bill,' June 17). The huge cuts to social programs like Medicaid, Medicare and the Affordable Care Act are overwhelming and the amounts seem to change daily. My biggest fear is the provision on Page 562 that few know about and mention (including your article). Although the details are confusing, the effects are clear: The power of the courts, which so far have been the people's only recourse, will essentially be weakened and the results could lead to full dictatorship. Lynn Lorenz, Newport Beach .. To the editor: The simple answer to avoiding the cruel and unnecessary cuts to programs and services funded by the federal government is to let the Trump tax cuts expire ('Republican fractures multiply over Trump's megabill,' June 19). Our priorities should be the poor, those in danger of losing healthcare, school lunch programs, national parks and climate change, not continuing tax breaks for the wealthy. Patricia Koch, Long Beach
New York Post
20 hours ago
- Politics
- New York Post
Florida offers Trump ‘alligator Alcatraz' to detain illegal migrants
Illegal migrants could soon be held in a massive new immigration detention centre in Florida, which has been dubbed the 'Alligator Alcatraz.' The 39-square-mile plot of land — which is surrounded by alligators and pythons — was offered to the Trump administration by Florida Attorney General James Uthmeier. The 'virtually abandoned airport facility' would have the capacity to 'house as many as 1,000 criminal aliens,' Uthmeier said in a video sharing his offer with the White House. Advertisement He added that it could be up and running within as little as 30 to 60 days. 3 Florida Attorney General James Uthmeier offered 'alligator Alcatraz' for Trump to use as part of his mass deportation effort. @AGJamesUthmeier/X 'Florida's been leading on immigration enforcement, supporting the Trump administration and ICE's efforts to detain and deport criminal aliens,' the AG said. 'The government tasked state leaders to identify places for new temporary detention facilities.' Advertisement 'I think this is the best one. As I call it, alligator Alcatraz,' he added. 3 The plot of land is surrounded by swampland with alligators and pythons. @AGJamesUthmeier/X 3 The 39-square-mile site has a 10,500-foot runway and is surrounded by the Everglades. @AGJamesUthmeier/X Advertisement The massive plot of land offers an 'efficient, low-cost opportunity to build a temporary detention facility because you don't need to invest that much in the perimeter,' which has alligators and pythons 'waiting' for anyone who escapes, said Uthmeier. 'Alligator alcatraz, we're ready to go,' he declared. ICE migrant detention centers are currently filled to the brim, holding roughly 53,000 illegal migrants under the Trump administration's latest push, which is beyond what is funded by Congress. As a result, the agency is burning through its budget at a breakneck pace — with ICE already $1 billion over budget, Axios reported Monday. Advertisement Congress funded roughly 41,500 ICE detention beds at a cost of roughly $3.4 billion in fiscal year 2024, according to the American Immigration Lawyers Association. If Republicans' 'Big Beautiful Bill' passes the Senate, ICE will have $45 billion to expand its capacity to detain illegal migrants, according to the Economic Policy Institute. The White House has also upped ICE's daily arrest quota from 1,800 to 3,000, which ICE insiders told the Post is shifting the focus away from criminal migrants and tanking agency morale.
Politico
a day ago
- Business
- Politico
‘He's a snake': Musk jabs at Trump adviser who fueled messy presidential breakup
Elon Musk may have stopped sparring with President Donald Trump online, but the former presidential adviser and megabacker isn't done publicly sniping at members of Trump's administration. The former DOGE chief slammed Sergio Gor, a top Trump adviser who played a role in his split with the president, bashing him as a 'snake' late Wednesday night. 'He's a snake,' Musk wrote on his social media platform X, replying to a New York Post story reporting that Gor, who serves as the director of the White House personnel office, has not himself been properly vetted. According to the Post, Gor has not submitted the requisite paperwork to obtain a permanent security clearance, even as he presides over the screening process for thousands of White House staffers. The White House did not immediately respond to a request for comment about Gor. Tensions between the two advisers had long simmered, with Musk refusing to work with Gorafter a March Cabinet meeting in which the billionaire clashed with other Cabinet members over cuts to their agencies, prompting Trump to clarify that agency heads had authority over their departments — not DOGE's Musk. But the situation bubbled over when Gor helped facilitate the termination of Jared Isaacman's nomination for NASA head — a pick Musk had pushed. The decision to pull Isaacman's nomination appeared to be the last straw for Musk, who shortly thereafter launched a social media spree attacking the president and the 'Big Beautiful Bill' he was drumming up support to push through Congress. At the time, Trump pointed to his choice to pull Isaacman's nomination as a motivating factor in Musk's decision to lash out against the president. The fight, which came on the heels of Musk's slated departure from his government duties, marked the nail in the coffin for the relationship between the president and his one-time 'first buddy.' But tensions seem to have calmed between the two men after their massive online meltdown, with Trump saying he had 'no hard feelings' for his former ally, and Musk issuing an apology on X, saying he 'went too far' in his attacks on the president during their fight. Trump, in particular, had sought to downplay the spat, as the White House worried that the public squabble was drawing attention away from administration priorities.
Miami Herald
a day ago
- Politics
- Miami Herald
Donald Trump's Approval Rating Changes After ‘No Kings' Protest
President Donald Trump's approval rating has shifted in the wake of the nationwide "No Kings" protests, according to new polling data released this week. Newsweek's tracker now shows Trump's net approval rating at -6 points, with 46 percent approving and 52 percent disapproving. That is Trump's lowest net approval rating since early May. It is also down from last week when Trump's net approval rating sat between -2 and -5 points. The protests took place last weekend in hundreds of U.S. cities, with large-scale gatherings reported in major hubs such as Philadelphia; Los Angeles; Austin, Texas; Portland, Oregon; and New York. According to analysis by pollster G. Elliott Morris, they were attended by an estimated 4 to 6 million people. They came partly in response to Trump's decision to send 4,000 National Guard troops and 700 Marines to Los Angeles amid reported violence against law enforcement, specifically s Immigration and Customs Enforcement (ICE) agents carrying out deportation raids in the city. Other polls have shown a downward trend in Trump's approval rating in recent days The latest YouGov/Economist poll, conducted between June 13-16 among 1,512 adults, put Trump's approval rating at 41 percent, down 2 points since last week, with 54 percent disapproving, up 2 points since last week. The latest Morning Consult poll, conducted between June 13-15 among 2,207 registered voters, put Trump's approval rating at 46 percent, down from 47 percent last week, with 52 percent disapproving, up from 51 percent. And in the latest J.L. Partners poll, conducted on June 16-17, Trump's approval held steady at 46 percent. But disapproval was up 11 points to 51 percent since their last poll in February. Approval also held steady in the latest Reuters/Ipsos poll (June 11–16) at 42 percent, but his disapproval rose by 2 points to 54 percent. Still, a handful of polls recorded slight gains for Trump—though largely within the margin of error. In the latest Echelon Insights poll (June 17-18) and Fox News poll (June 13-16), Trump approval rating was up 2 points, while disapproval was down by 1 point compared to last month. Meanwhile, an Insider Advantage poll, conducted on June 15-16 among 1,000 likely voters, put his approval rating at 54 percent, with 44 percent disapproving, giving him a net approval rating of +10 points. That was virtually unchanged from May. Trump's approval rating could fluctuate in the coming weeks, depending on the outcome of key events. Related Articles Gavin Newsom's Chances of Being 2028 Democratic Nominee Surge-PollWhere Trump's Approval Rating Stands as He Touts 'Great Poll Numbers'Donald Trump Gets Double-Digit Poll Boost from 4 Voter GroupsDonald Trump's 'Big Beautiful Bill' Is Considerably Unpopular 2025 NEWSWEEK DIGITAL LLC.
