Buy the dip on these credit card giants as stablecoin weakness is overblown, says Wells Fargo

Buy the dip on these credit card giants as stablecoin weakness is overblown, says Wells Fargo

Investors should consider taking advantage of the recent pullback in shares of Mastercard and Visa , Wells Fargo said on Tuesday. The firm reiterated its overweight ratings on the two global payments technology names and kept its price target at $625 for Mastercard and $395 for Visa. Those targets each imply around 15% upside from…

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New Stellantis CEO Antonio Filosa faces slew of challenges on day one

New Stellantis CEO Antonio Filosa faces slew of challenges on day one

Incoming Stellantis CEO Antonio Filosa, head of the company’s Americas operations, greets a Windsor Assembly Plant employee during an event celebrating Chrysler’s 100th anniversary on June 6, 2025. Stellantis DETROIT — “Mediocrity is not worth the trip.” That was part of incoming Stellantis CEO Antonio Filosa’s first public message after being named to lead the…

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Jeremy Siegel says investors are viewing the U.S. bombings as ‘a success to neutralize Iran’

Jeremy Siegel says investors are viewing the U.S. bombings as ‘a success to neutralize Iran’

The market’s muted reaction to the U.S.’ attacks at Iranian sites showed investors view the action as “a success to neutralize Iran,” according to Jeremy Siegel, Wharton School professor of finance and Wisdom Tree chief economist. “I think most people agree they are farther away from producing a bomb than they were on Friday, and…

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