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Live Coverage Has Ended

China Lashes Out

Photo of Rich Smith
By Rich Smith Published

Live Blog Update #2 Published

← Back to Full Coverage: Stock Market Live December 26: Nvidia to Buy Groq, S&P 500 (VOO) Flat After Christmas

China is responding to a Trump administration plan to sell weapons to Taiwan by sanctioning 20 U.S. defense companies, including Boeing (NYSE: BA | BA Price Prediction), Northrop Grumman (NYSE: NOC) and privately-held Anduril Industries.

Company executives will be banned from entering China and any assets they own in China will be frozen, reports The Wall Street Journal.

All Updates from Live Coverage

Capital One Beats AmEx

| Rich Smith
Live

BTIG analyst Vincent Caintic raised his price target on S&P 500 component company Capital One (NYSE: COF) to $308, and maintained his buy rating on the credit card giant today.

Caintic values Capital One at 12.4x 2027 estimated earnings, growing towards a 15x multiple in the future, which he notes would still be cheaper than the 20x multiple on American Express (NYSE: AXP) — which Caintic says is a sell.

Capital One stock is flat today despite the news, American Express is down 0.6%, and the Voo is now down 0.1%

Walmart Upgraded After Christmas

| Joel South
Live

Wall Street remains pretty quiet as trading resumes for the week’s final day. CICC is one of the few analysts still at its desk initiating coverage of stocks this week, starting Walmart (NYSE: WMT) at outperform rating with a $125 price target.

Details on the initiation are few at present, but it’s logical to assume CICC thinks Walmart had a good Christmas selling season. Regardless, Walmart stock opened 0.1% lower this morning, and the Voo is still up less than 0.1%.

Nvidia stock is up 1% however.

View Full Live Blog (3 Updates)
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