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Latest Stock Market News
Latest Stock Market News
07:29am, Friday, May 31, 2024
Investors focus on upcoming inflation data from Europe and the U.S. Euro zone's inflation is expected to rise, impacting ECB rate decisions. U.S. GDP revision fuels Fed rate cut speculations. Market volatility is anticipated with upcoming euro zone and French inflation reports.
07:17am, Friday, May 31, 2024
Bill Ackman plans to take Pershing Square public by late 2025, valuing it at $10.5 billion.
04:41am, Friday, May 31, 2024
Dell Technologies (NYSE: DELL) foresees lower-than-expected profits for the current quarter, causing shares to drop by over 17% in after-hours trading. The firm's margins are under pressure due to rising AI-related costs. Despite this, Dell's annual revenue outlook improved, reflecting robust dem...
04:36am, Friday, May 31, 2024
Trump Media & Technology Group (NASDAQ: DJT) plunged 8% in after-hours trading after Trump was found guilty on 34 counts. Truth Social's parent company faces financial hurdles, with over $4 million in sales but nearly $60 million in losses last year. Traders should watch closely for upcoming vola...
08:22am, Thursday, May 30, 2024
ANF posts record Q1 results; Nelson Peltz exits Disney with $1 billion; AI drives growth for Pure Storage, HP, and Microsoft, survey reveals.
06:17am, Thursday, May 30, 2024
Rep. Marjorie Taylor Greene has disclosed stock purchases in Advanced Micro Devices (AMD), Apple (AAPL), Caterpillar (CAT), Charles Schwab (SCHW), Kinder Morgan (KMI), and Southern Company (SO). Her picks spotlight AI, tech, and infrastructure sectors, reflecting strategic opportunities but neces...
05:12am, Thursday, May 30, 2024
Ulta Beauty's Q1 earnings report is expected after market close on May 30, 2024. Analysts predict revenue of $2.72B and EPS of $6.23.
04:45am, Thursday, May 30, 2024
Nvidia's (NVDA) earnings spike 20%, but S&P 500 slumps over 0.5%, signaling possible market volatility. Key factors include economic output data, rising 10-year Treasury yield (TNX), and upcoming Fed decisions. Analysts foresee potential pullback amid low stock correlations.
04:24am, Thursday, May 30, 2024
Costco Set to Shine: Analysts Predict Impressive Q1 Growth Fueled by E-commerce and Global Expansion
Costco (NASDAQ: COST) is set to announce its Q1 earnings, with analysts forecasting an 8.07% increase in net sales to $57.98 billion and an 8% rise in adjusted EPS to $3.70. Key segments include same-store sales up 5.93% and e-commerce soaring 11.5%. Membership fees are expected at $1.53 billion....
04:10am, Thursday, May 30, 2024
Salesforce Inc. (NYSE: CRM) shares plunged 16% after-hours as the company forecasted record-low single-digit sales growth for the upcoming quarter, spurring investor concerns. Despite a modest revenue increase and AI optimism, challenges persist amid competitive tech shifts.
04:05am, Thursday, May 30, 2024
Activist investor Nelson Peltz exits Disney (NYSE: DIS) after a contentious proxy battle, selling his stake at $120 per share for a $1 billion return. Following his failed bid to change the board, Disney's shares have risen 12% this year but fell 15% post-battle.
08:18am, Wednesday, May 29, 2024
Nasdaq hits a new high driven by Nvidia, American Airlines cuts outlook, GameStop soars, Salesforce earnings awaited, and crude oil prices climb.
07:56am, Wednesday, May 29, 2024
ConocoPhillips (COP) has announced a $22.5 billion all-stock acquisition of Marathon Oil (MRO), enhancing its shale oil dominance and diversifying its global resources. This deal, following megamergers by Exxon Mobil and Chevron, underscores ongoing sector consolidation and strategic growth.
03:57am, Wednesday, May 29, 2024
Chipotle's stock is trading at 67 times earnings, sparking debates amidst its impressive growth and loyal customer base. Analysts fear a potential market correction, with future earnings yields falling short compared to ...
03:45am, Wednesday, May 29, 2024
ConocoPhillips (NYSE: COP) is nearing a deal to acquire Marathon Oil Corp. (NYSE: MRO) in an all-stock transaction, potentially valuing Marathon Oil at over $15 billion. The merger could enhance ConocoPhillips' market dominance and portfolio, while traders should watch for stock price fluctuation...
08:23am, Tuesday, May 28, 2024
Oil prices steady ahead of OPEC+ meeting. Off-price retailers thrive as consumers hunt for deals. OpenAI forms new oversight team. T-Mobile to acquire U.S. Cellular.
08:04am, Tuesday, May 28, 2024
GameStop (NYSE: GME) shares soared nearly 20% in premarket trading after raising $933M through a share offering. The surge follows the return of "Roaring Kitty" Keith Gill. Despite a predicted Q1 sales decline, short sellers face losses as GME defies bearish forecasts.
06:57am, Tuesday, May 28, 2024
Apple (NASDAQ: AAPL) saw a 52% surge in April iPhone sales in China, outpacing the market's 25.5% growth. This highlights Apple's dominance and strong revenue potential in a crucial market. Investors should watch AAPL for potential stock gains amid robust demand.
04:55am, Tuesday, May 28, 2024
Bitcoin faces a pullback, dropping 3.1% to $67,720 amid concerns over potential sales from the defunct Mt. Gox exchange. The Mt. Gox trustee is set to disburse $9 billion worth of Bitcoin to creditors by October 31. Wallet transfers also affected Ethereum and Bitcoin Cash.
03:14am, Tuesday, May 28, 2024
Hedge funds are pivoting towards dividend stock Merck & Co (NYSE: MRK), accumulating over $8.11 billion in shares. Merck’s robust sales, consistent dividends, and blockbuster cancer drug lineup make it a favored choice. Meanwhile, EquityMultiple’s Ascent Income Fund offers a high-yield alternativ...
03:08am, Tuesday, May 28, 2024
China is accelerating its focus on Africa's mineral resources, driven by post-pandemic economic strategies and global energy transition needs. Investments surged 114% last year, emphasizing minerals over other sectors and hinting at a shift towards public-private partnerships amid declining sover...
02:55am, Tuesday, May 28, 2024
New CEO Magda Chambriard reassures investors that Petroleo Brasileiro SA (NYSE: PBR) remains committed to shareholder returns amidst leadership changes. Key shifts include halting refinery divestitures and prioritizing domestic fuel costs. Focus on exploration and investment persists.
08:34am, Monday, May 27, 2024
Brazil has overtaken Belgium as the top export market for Chinese electric and hybrid vehicles, with sales surging 13-fold in April, according to CPCA. Amid the EU's anti-subsidy probe, Chinese automakers like BYD and Great Wall Motor are boosting investments in Brazil.
08:12am, Monday, May 27, 2024
Investors, don’t overlook the stability and solid returns of dividend stocks. AT&T (NYSE:T) and IBM (NYSE:IBM) offer promising opportunities. AT&T excels in wireless and fiber optics while IBM pushes forward with enterprise AI. Both stocks offer robust dividends and growth potential.
07:48am, Monday, May 27, 2024
Inflation data, tech and retail earnings, and housing market updates take the spotlight this week. Find out what to watch as markets react to new information.
08:57am, Sunday, May 26, 2024
Tesla shareholders are urged to reject CEO Elon Musk's $56B compensation plan by proxy firm Glass Lewis. Citing "excessive size" and potential dilution, the firm raises concerns over Musk's multiple ventures. Despite the board's backing and Musk's past successes, critics highlight close ties and ...
12:29am, Sunday, May 26, 2024
Nvidia (NASDAQ: NVDA) announces a 10-for-1 stock split after approaching the $1,000 mark. This move potentially opens investment opportunities to a broader audience while indicating the company's growth confidence. Despite the split, Nvidia's robust earnings, soaring demand, and strong future out...
03:43pm, Saturday, May 25, 2024
Apple (AAPL) shares have underperformed but surged 16% in the last month anticipating AI strategy revelations at WWDC on June 10. With a hybrid AI investment approach and potential for significant earnings growth, now could be an opportune moment for investors to consider AAPL.
02:33pm, Saturday, May 25, 2024
"Tech giants like Microsoft (MSFT) and Apple (AAPL) dominate today’s market with valuations of $3.2T and $2.9T, respectively. Broadcom (AVGO) is a rising star, set to potentially reach a $1T market cap by 2028, driven by its robust AI capabilities and rapid revenue growth."
01:35pm, Saturday, May 25, 2024
Home improvement giants Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW) report declines as high borrowing costs and a sluggish housing market deter major renovations. Transactions over $1,000 fell 6.5% at Home Depot, while Lowe’s saw a 6.2% drop in sales. Homeowners are opting for budget-friendly DI...
12:28pm, Saturday, May 25, 2024
Cathie Wood of ARK Invest is doubling down on stocks like Shopify (NYSE: SHOP), Intellia Therapeutics (NASDAQ: NTLA), and Adaptive Biotechnologies (NASDAQ: ADPT) amid recent downturns. Discover why these investments hold high-risk, high-reward potential in your portfolio.
12:21pm, Saturday, May 25, 2024
Nvidia (NASDAQ: NVDA) CEO Jensen Huang hinted at a strategic shift beyond AI, causing a stir among investors. On May 22, 2024, Nvidia’s stock remains robust, but these revelations urge a reassessment. Traders should stay informed and flexible amid Nvidia's evolving ambitions.
12:13pm, Saturday, May 25, 2024
Alphabet (NASDAQ: GOOG, GOOGL) strengthens its $7 billion portfolio with significant investments in GitLab (GTLB) and Prime Medicine (PRME). GitLab, now Alphabet’s largest public holding, saw a 269% share increase, while Prime Medicine's stake rose by 27%. Both offer growth potential but come wit...
12:01pm, Saturday, May 25, 2024
Expect six key changes to Social Security in 2025: a modest COLA increase, higher payroll taxes for high earners, an uptick in maximum monthly benefits, increased disability income thresholds, higher early filer withholding limits, and tougher qualification criteria.
04:09am, Friday, May 24, 2024
The U.S. Securities and Exchange Commission (SEC) has granted approval for the NYSE and Nasdaq to list eight exchange-traded funds (ETFs) that hold Ether (ETH-USD). However, the SEC still needs to approve the necessary filings from money managers before these new products can start trading.
09:22am, Thursday, May 23, 2024
Amazon boosts Alexa with AI and a new subscription fee. U.S. jobless claims fall to 215,000. GM unveils the electric Chevrolet Equinox, starting at $35,000.
07:17am, Thursday, May 23, 2024
Xiaomi raises its SU7 electric vehicle sales target to 120,000 units for 2024, driven by strong demand and record quarterly revenue growth.
06:59am, Thursday, May 23, 2024
U.S. stock futures rise following Nvidia's earnings, but Fed minutes reveal cautious outlook on inflation. Investors await more evidence for rate cuts.
