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With a 6.37 times forward price-to-earnings (P/E) multiple, perhaps it’s no mystery as to why so many Wall Street pros and a legend in Druckenmiller are bullish on the name.
While Wall Street can take a bow — and breath a sigh of relief — there's no let-up ahead. The pause President Donald Trump put in effect for many tariffs expires in early July.
Australia’s S&P ASX 200 climbed 0.7% to 8,597.70. Taiwan's Taiex edged up 0.1% while the Sensex in India lost 0.3%. In energy trading, benchmark U.S. crude added 88 cents to $66.33 per barrel.
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