News

PulteGroup Inc. (PHM) stock rose on Thursday morning following a strong report on existing home sales and rising home prices. The company, which specializes in building single-family homes in key markets like Florida, Texas, and Georgia, stands to benefit directly from the tight housing inventory and rising demand for new construction.

Micron Technology Inc. (MU) surpassed analyst expectations in its second-quarter financial results, reporting revenue of $8.05 billion and adjusted earnings per share of $1.56, driven by strong demand and technology leadership. The company anticipates record revenue in the third quarter and expects to achieve record revenue and significantly improved profitability in fiscal 2025.

J.P. Morgan analyst John Ivankoe's forum highlighted a shared focus on streamlining operations and reinvesting in customer and employee experiences among restaurant companies. The analyst recommended fresh investments in Dutch Bros, Starbucks, and CAVA, while upgrading CAVA to Overweight and reiterating a Neutral rating on Chipotle and EAT.

Signet Jewelers received a price target increase from Telsey Advisory Group, with the analyst citing better-than-expected sales and tighter expense control. The company is implementing a "Grow Brand Love" strategy and focusing on increasing its share in core categories like gold and bridal, while expanding into adjacent markets like self-purchase and gifting.

At the Naruse Dam construction site in Japan, autonomous bulldozers and rollers operate tirelessly, driven by AI that optimizes workflow and addresses the industry's labor shortage. This technological revolution promises to revolutionize construction, ensuring efficient infrastructure development and maintenance.