UPRO Stock Recent News
UPRO LATEST HEADLINES
The median call among 17 banks and investment groups is for the index to end the year at 5950 points, 0.3% lower than Wednesday's closing level.
I reiterate my 'Buy' rating on AppLovin, expecting S&P 500 inclusion to be a game-changing catalyst for the stock. Even without S&P inclusion, APP boasts phenomenal growth, strong Q1 FY2025 results (ads +81% YoY), and a smart divestiture of its Apps business to focus on high-margin ads. The company sees limited impact from potential tariffs and views lower app store fees as a tailwind, enabling customers to increase ad spend on its platform.
The yield on the 10-year Treasury note has been moving largely higher since late April, though it fell on Wednesday.
The S&P 500 is back near 6,000 despite tariffs and bond-market angst.
Aena S.M.E., S.A. continues to outperform, driven by strong air travel demand and expanding EBITDA margins, with Q1 sales up 7.5% and margins reaching 48.6%. Risks include macroeconomic headwinds, geopolitical tensions, currency fluctuations, and airplane shortages, but long-term air travel growth remains a key opportunity. The São Paulo–Congonhas Airport expansion in Brazil is crucial for maintaining growth beyond 2027, despite potential risks of delays and cost overruns.
Stocks can rise on news of addition to the S&P 500 and in the run-up to inclusion.
AFC Energy PLC (AIM:AFC, OTC:AFGYF) told investors it has signed a Joint Development Agreement with ‘a global industrial company listed in the S&P 500'. In London, AFC shares rocketed around 24% following the announcement.
Deutsche Bank significantly raised its year-end target for the S&P 500. On June 3, 2025, the German banking giant lifted its forecast to 6,550, a notable increase from its previous target of 6,150.
The rally from the April lows continues to unfold in five waves up and three waves down, which means the next target zone is 6150-6200 before a larger correction can start.
Morning Brief anchors Madison Mills and Brad Smith examine the biggest market stories on Tuesday, June 3. Trade anxieties persist on Wall Street as the Trump administration pushes countries for trade deals by Wednesday.