Stocks Hover Near Unchanged After Trump Extends Deadline on Tariffs as Trade Uncertainty Persists

Some Analysts Get More Bullish on Lyft and Uber

1 hr 24 min ago

Some Wall Street analysts are more bullish on rideshare giants Uber (UBER) and Lyft (LYFT). 

In Lyft’s case, it was the team at Oppenheimer, which late yesterday boosted its price target by $3 to $20, above the average near $17 compiled by Visible Alpha and just $1 off the Street high. As for Uber Technologies, Bank of America on Tuesday boosted its target to $115 from $97, above the roughly $98 mean but a bit off the $120 high.

Oppenheimer sees Tesla’s (TSLA) robotaxi launch as “disappointing,” which it said supports optimism about the rideshare business. 

“The bear thesis that robotaxi will subvert rideshare marketplace demand has been firmly halted,” Oppenheimer said. “Additionally, consumer demand and the competitive outlook remains unchanged since [first-quarter] earnings, suggesting a healthy [second quarter/second half] backdrop for rideshare.”

Lyft in May said first-quarter revenue rose 14% year-over-year. Its shares were recently up nearly 2% to above $16, leaving them up close to 27% in 2025.

Bank of America cited a higher multiple for projected free cash flow at Uber, noting optimism about the company’s position in autonomous vehicles as well as growing bookings and “subscriber lock in,” as evidenced by its Uber One offering. The company also said first-quarter revenue grew 14% year-over-year. 

Uber’s shares, which ticked about 1% lower in recent trading, are up roughly 60% this year at around $96 apiece.

–David Marino-Nachison

Solar Stocks Slump as Trump Cuts Federal Support

2 hr 13 min ago

Enphase Energy (ENPH), First Solar (FSLR), and NextEra Energy (NEE) were among the worst-performing stocks in the S&P 500 after President Donald Trump signed an executive order aimed at ending most federal support for alternative energy.

The order calls on the government to “rapidly eliminate the market distortions and costs imposed on taxpayers by so-called ‘green’ energy subsidies.” It’s designed to use the recently passed budget plan, known as the One Big Beautiful Bill Act, to increase the repeal and modifications to wind, solar, and other alternative energy subsidies.

In addition, Trump ordered the end of “taxpayer support for unaffordable and unreliable ‘green’ energy sources and supply chains built in, and controlled by, foreign adversaries.”

The requirements of executive order are to be implemented by the Secretaries of Treasury and Interior over the next month and a half.

Trump argued that for too long, taxpayers have subsidized “expensive and unreliable energy sources like wind and solar,” which he said have hurt domestic energy sources and the natural landscape, compromised the energy grid, and threatened national security.

NextEra and First Solar were each down nearly 4% in recent trading, while Enphase dropped about 3%.

–Bill McColl

What Analysts are Saying About Airlines Ahead of Earnings

3 hr 17 min ago

Delta Air Lines (DAL) is scheduled to release its second-quarter results Thursday, setting the tone for other carriers like United Airlines (UAL), Southwest Airlines (LUV), and American Airlines (AAL), each set to report later this month.

Analysts from Bank of America, UBS and Morgan Stanley said in recent notes that they expect Q2 results will be unsurprising after a difficult first half of the year for airline stocks, with third-quarter outlooks more likely to move shares.

“The message from airlines in 2Q25 has been one of stability, a theme we see in many of the demand indicators we follow,” Bank of America analysts wrote. “As such, we expect 2Q25 results to be largely in line with outlooks.”

Morgan Stanley analysts wrote Monday that the second quarter “arguably shaped up better than feared” following warnings from several airlines about declining demand. However, they added that “there is no question that cracks remain in the macro even if the industry is not falling apart” and “below the relatively calm surface, danger may lurk.”

UBS analysts said they “we see potential for sluggish updates from airlines from their 2Q prints and forward outlooks,” and cut their full-year profit estimates for Delta and United to “reflect a more cautious view on the pace of improvement in demand and RASM performance.”

Delta is expected to report adjusted earnings per share of $2.05 on revenue of $16.38 billion, each lower than a year ago, according to estimates compiled by Visible Alpha. Analysts tracked by the investment research firm are bullish on Delta’s stock, with 10 “buy” ratings and just one “hold,” and an average price target of $58.18, 16% higher than Monday’s closing price.

–Aaron McDade

Tesla Levels to Watch After Monday’s Sell-Off

4 hr 11 min ago

Tesla shares were higher in premarket trading after tumbling Monday following news CEO Elon Musk plans to start a new political party, reigniting concerns that his attention will turn away from running the EV maker and that a public feud with President Trump will escalate. 

Tesla shares gained 23% in the second quarter, but are 18% below last month’s high amid escalating tensions between Musk and Trump over the president’s mega tax and spending bill. After Musk announced the formation of the “America Party” on Saturday, Trump posted on his Truth Social platform that Musk had gone “off the rails.”

Tesla shares broke down from a flag earlier this month before shifting gear to retest the pattern’s lower trendline late last week. However, selling accelerated in Monday’s trading session, with the stock falling to its lowest level since early June.

Moreover, the relative strength index registered its lowest reading since early June, confirming weakening price momentum in the EV maker’s stock.

Investors should watch key support levels on Tesla’s chart around $285, $265 and $225, while also monitoring vital overhead areas near $318 and $365.

Tesla shares were up about 1% at around $297 in recent premarket trading, after falling nearly 7% yesterday to lead S&P 500 decliners.

Read the full technical analysis piece here.

–Timothy Smith

S&P 500, Nasdaq Futures Point Higher

4 hr 49 min ago

Futures tied to the Dow Jones Industrial Average were down less than 0.1%.

S&P 500 futures were up 0.1%.

Nasdaq 100 futures added 0.3%.