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Latest Stock Market News
Latest Stock Market News
08:07am, Tuesday, Sep 03, 2024
Nokia (NYSE: NOK) secures a major fibre network deal with AT&T (NYSE: T), aiming to enhance broadband access in the U.S. Despite a recent profit decline, CEO Pekka Lundmark forecasts a strong rebound, supported by a $42 billion government initiative.
07:45am, Tuesday, Sep 03, 2024
Wells Fargo has downgraded Boeing (NYSE: BA) to "underweight," slashing its price target from $185 to $119, citing concerns over peak free cash flow and increased costs. Challenges, including union negotiations and supply chain issues, threaten future growth.
06:26am, Tuesday, Sep 03, 2024
Ashtead Group (LON: AHT) shares rose 2.2% after strong Q1 results, bolstered by a 7% US rental revenue uptick. Despite a slight earnings miss, CEO Brendan Horgan remains optimistic, forecasting 5-8% rental growth. Potential for positive trader returns is promising.
06:20am, Tuesday, Sep 03, 2024
Nvidia (NASDAQ: NVDA) saw an 11% share decline despite 122% revenue growth and strong market valuation. Concerns over slipping gross margins, predicted to drop further, raise questions about competition and profitability in the AI sector. Investors should stay alert.
06:18am, Tuesday, Sep 03, 2024
U.S. Steel (NYSE: X) shares dropped 6% in premarket trading amid VP Kamala Harris's opposition to Nippon Steel's $14.1 billion acquisition bid. With ongoing scrutiny, including a Justice Department review, traders should monitor market dynamics closely.
06:10am, Tuesday, Sep 03, 2024
Rolls-Royce (LON: RR) shares rose slightly after Cathay Pacific's fleet audit revealed engine issues in its A350s, causing flight cancellations. With maintenance ongoing, traders should monitor updates, as this volatility may impact stock performance in the aerospace sector.
09:03am, Monday, Sep 02, 2024
This week’s financial highlights include key labor market data and earnings from major companies like Broadcom and Hewlett Packard. Investors anticipate the August jobs report.
06:07am, Monday, Sep 02, 2024
Although markets will be closed for Labor Day on Monday, several key earnings announcements are expected this week. Among them AVGO, HPE, DLTR, and CASY.
05:55am, Monday, Sep 02, 2024
Oil prices stabilize as OPEC+ considers a 180,000 bpd production increase amid weak Chinese demand and market volatility. Brent near $76 and WTI around $73 reflect ongoing concerns about economic challenges and fuel consumption trends.
04:55am, Monday, Sep 02, 2024
The S&P 500 rises for the fourth month in a row. Focus shifts to key labor market data, with economists anticipating a slight drop in unemployment.
08:59am, Friday, Aug 30, 2024
General Motors is delaying a $330 million investment in Lithium Americas, impacting the Thacker Pass lithium mine project, vital for EV production. This move raises trader concerns amid economic and political uncertainties, especially with a looming U.S. election.
08:46am, Friday, Aug 30, 2024
JinkoSolar (NYSE: JKS) reported Q2 results with revenues of RMB24.05B, missing estimates, and a 0.88% stock dip. However, it exceeded EPS forecasts and achieved a record 260 GW module deliveries. Gross margins fell to 11.1%, raising industry concerns. Outlook remains cautiously optimistic.
08:41am, Friday, Aug 30, 2024
Stock futures climb Friday as Intel reviews strategic options. Nasdaq heads for a down August, and Euro zone inflation hits a three-year low.
07:43am, Friday, Aug 30, 2024
On August 30, 2024, notable earnings reports include BNC Bancorp (NASDAQ: YZCAY), VinFast Auto Ltd. (NASDAQ: VFS), Frontline Ltd (NYSE: FRO), and Miniso Group (NYSE: MNSO), among others.
06:56am, Friday, Aug 30, 2024
1-800-FLOWERS.COM, Inc. (FLWS) reports strong fourth-quarter earnings with $93.1M EBITDA growth, despite revenue declines from inflation. Leadership transitions and strategic investments aim for recovery and growth in fiscal 2025. Key segments face challenges but optimism remains.
06:33am, Friday, Aug 30, 2024
MongoDB (NASDAQ: MDB) shares surged over 14% post-Q2 earnings, reporting $0.70 EPS and $478.1M revenue—outperforming estimates. The company raised its fiscal 2025 guidance, driven by a 27% YoY increase in Atlas revenue. Strong customer growth signals continued potential.
06:27am, Friday, Aug 30, 2024
Walt Disney (NYSE: DIS) and DirecTV are urgently renegotiating their distribution deal before it expires Sunday, risking access to Disney channels, including ESPN and ABC, for millions of subscribers. This reflects the broader trend of cable companies adapting to streaming demands amidst subscrib...
06:05am, Friday, Aug 30, 2024
China's e-commerce giants, Alibaba, JD.com, and PDD Holdings, are facing pressure as PDD's discount strategy raises concerns over margins. Despite impressive growth, PDD's recent earnings miss led to a $55 billion market cap loss. Investors should monitor PDD's strategic shifts amid fierce compet...
05:42am, Friday, Aug 30, 2024
Build-A-Bear Workshop (NYSE: BBW) reports 2.4% revenue growth to $111.8M in Q2 2024, bolstered by strong in-store sales and a 54.2% gross margin. CEO Sharon Price John outlines plans for global expansion and digital enhancement, despite online demand dips.
05:09am, Friday, Aug 30, 2024
Ollie's Bargain Outlet (NASDAQ: OLLI) reports a robust Q2 FY2024 with net sales up 12% to $578M. The retailer is expanding aggressively, raising its 2024 guidance and targeting 25 new stores. With strong customer loyalty and strategic growth, OLLI is an intriguing investment opportunity.
04:54am, Friday, Aug 30, 2024
Destination XL (NASDAQ: DXLG) reported Q2 earnings with a 10.9% sales decline, citing inflation impacts. The company revises its 2023 revenue forecast to $470-$490M, focusing on strategic initiatives and new store openings amidst tough competition.
04:39am, Friday, Aug 30, 2024
Soaring summer temperatures and drought in the Balkans are devastating crops while boosting wine quality. Farmers face yield losses of up to 20% for corn, with potential €500 million in losses, but winemakers see a sweet surprise in grape harvests.
08:44am, Thursday, Aug 29, 2024
Stocks pull back as Nvidia disappoints despite strong earnings. Berkshire Hathaway hits $1 trillion market cap, while Super Micro faces financial issues.
08:20am, Thursday, Aug 29, 2024
A lawsuit against Tesla CEO Elon Musk's $56 billion compensation package is pushing for $6 billion in attorney fees. Delaware's Chancellor McCormick faces scrutiny from the Supreme Court over potential excessive payouts as she weighs shareholder votes and legal precedents.
08:16am, Thursday, Aug 29, 2024
Earnings reports today, August 29, 2024, include Dell, Marvell, Autodesk, and others...
07:31am, Thursday, Aug 29, 2024
HP Inc. (NYSE: HPQ) reported mixed Q3 results, with adjusted EPS of $0.83 missing estimates. Despite a revenue boost to $13.52 billion, after-hours stock dipped 2.3%. Investors should watch for potential growth from new AI-powered PCs amid cautious future guidance.
06:02am, Thursday, Aug 29, 2024
Delivery Hero (ETR: DHER) saw a 5.1% stock surge to €24.70 post-Q2 earnings, driven by strong GMV of €11.89 billion. The company reaffirms guidance and aims for positive cash flow by 2024, while a potential Talabat IPO could strengthen its balance sheet.
05:52am, Thursday, Aug 29, 2024
The J.M. Smucker Company (NYSE: SJM) reports solid Q1 fiscal 2025 earnings, emphasizing strong growth in key categories but facing challenges from declining consumer spending. Revised full-year sales growth is set at 9%, raising the need for strategic pricing adjustments. Stocks may present oppor...
05:41am, Thursday, Aug 29, 2024
VNET Group Inc. (NASDAQ: VNET) projects strong Q2 2024 growth with a 9.4% revenue increase and bullish plans for AI expansion. The company expects net revenues of RMB 7.8-8 billion and aims to maintain a low debt-to-EBITDA ratio. A promising investment for traders.
05:15am, Thursday, Aug 29, 2024
Golden Ocean Group (NASDAQ: GOGL) reported strong Q2 2024 results, with adjusted EBITDA rising to $120.3M. A $0.30 dividend per share was announced. Despite a slight drop in net income, the outlook is positive, driven by increased Capesize demand and fleet expansion.
04:55am, Thursday, Aug 29, 2024
Nvidia Surprises with Strong Earnings and Bold Buyback Amidst Market Selloff: A Buy Low Opportunity?
Nvidia's Q2 results topped expectations with $0.68 EPS and $30.04B revenue, yet shares fell over 4% premarket. Despite a 154% surge in data center revenue, analysts remain optimistic, with price targets rising amid a strong AI demand outlook.
04:45am, Thursday, Aug 29, 2024
Shares of Teleperformance (EPA: TEPRF) declined post-restructuring announcement, despite an initial 5.7% rise. Key leadership changes include Moulay Hafid Elalamy as Chairman, while concerns linger over co-CEO Bhupender Singh's abrupt exit. Investors watch for future impact.
04:39am, Thursday, Aug 29, 2024
Lululemon (LULU) is set to release Q2 2024 earnings. Revenue is estimated at $2.41B, and earnings at $2.95/share. Analyst targets suggest a 24.61% upside.
10:06am, Wednesday, Aug 28, 2024
Semtech Corporation (NASDAQ: SMTC) shares rose over 6% in premarket trading after reporting Q2 earnings of $0.11 EPS and $215.4 million in revenue, exceeding forecasts. With strong margins and a bullish Q3 outlook, analysts recommend buying the stock.
08:42am, Wednesday, Aug 28, 2024
Stock Market on Wednesday: Nvidia's earnings expectations, record home prices, and Abercrombie & Fitch’s growth amid an uncertain economic environment.
08:38am, Wednesday, Aug 28, 2024
Nordstrom, Inc. (NYSE: JWN) reported strong Q2 earnings, beating expectations with an EPS of $0.96 and a 3.4% revenue increase to $3.89 billion. The upbeat forecast and a potential go-private speculation have lifted investor sentiment, driving stock prices up over 2%.
05:06am, Wednesday, Aug 28, 2024
Malaysia's aviation sector faces challenges as the civil aviation authority shortens Malaysia Aviation Group's operational certificate from three years to one amid safety concerns. Despite recent profitability, the airline must implement corrective actions to secure its future.
05:01am, Wednesday, Aug 28, 2024
Prudential (LON: PRU) shares rose 2.2% after strong H1 results surpassed forecasts. Despite a slight APE miss, NBP and margins exceeded expectations. The firm plans to shift to TEV reporting by Q1 FY25, enhancing comparability and growth prospects.
04:36am, Wednesday, Aug 28, 2024
Gold prices dipped 0.6% to $2,509.75 amid a stronger dollar and anticipation of the U.S. inflation report. Market sentiment remains bullish as traders expect a Federal Reserve rate cut. Silver and other precious metals also saw declines, reflecting market trends.
