Text size For the current quarter, ChargePoint expects sales of between $148 million and $158 million. Bing Guan/Bloomberg For ChargePoint , modern history is repeating itself. The electric-vehicle charging company reported better-than-expected sales and earnings, but the stock still fell. Then, shares turned higher. This down-up reaction happened only a few months ago. Late Thursday,… Read More »
Stock futures were higher on Friday after a strong May jobs report and news late Thursday the Senate passed the debt ceiling bill, clearing investor fears over both a US debt default and worries about a marked slowdown in the economy. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) rose… Read More »
With a bill to avert a national default on the way to President Biden, there’s frustration from both progressives and conservatives over compromises made to raise the debt ceiling. Conservative strategist Armen Kurdian joins Jim to weigh in on “The Final 5.” Follow Us on Google News
Last Updated: June 02, 2023, 09:36 IST Sensex Today: Equity benchmark indices Sensex and Nifty started on a positive note on Friday following positive domestic and global cues. The BSE Sensex rose 200 points to 62,629, and the NSE Nifty50 gained 62 points to 18,549. Tech M, Tata Steel, Ultratech Cement, ICICI Bank and HCL Tech… Read More »
A staff member counts US dollar cash at a bank in Hai ‘an, Jiangsu Province, China, Sept 5, 2022.CFOTO/Future Publishing/Getty Images Money market funds have seen a surge of inflows over the past year as interest rates soared. With more than $5 trillion in money market funds, some investors believe those funds will eventually flow… Read More »
Text size Shares of Apple have surged 38% this year. Greg Baker/AFP via Getty Images Apple stock has been on a tear this year. With a few catalysts in the coming weeks, the stock could hit an all time high. Apple stock (ticker: AAPL) has jumped 38% so far year on solid earnings, after stronger-than-expected… Read More »
The Dow Jones Industrial Average closed higher as Senate Majority Leader Chuck Schumer pushed to get a debt-ceiling deal over the line. Dollar General (DG) cratered on earnings. Microsoft (MSFT) rose amid an AI deal with a startup backed by Nvidia (NVDA). Dell Technologies (DELL) was halted briefly after earnings were released during the session.… Read More »
SentinelOne (S) on Thursday reported a smaller-than-expected loss for the first quarter, but revenue missed Wall Street targets. The cybersecurity firm’s revenue outlook also fell short of views and SentinelOne stock crashed. X Shares plummeted 35% to 13.36 in extended trading on the stock market today. For the quarter ended April 30, Mountain View, Calif.-based SentinelOne… Read More »
Stock markets gained ground on Wall Street and in Europe on Thursday as US labour market data gave investors more confidence the Federal Reserve would hold back on further interest rate hikes in its battle against inflation. Worries about tighter monetary policy had weighed earlier after European Central Bank chief Christine Lagarde said more rate… Read More »
Palantir Technologies Inc (NYSE: PLTR) stock grabbed eyeballs since its first-quarter beat and, more recently, with its collaboration with the Ukraine Ministry to support the defense and reconstruction of the country. The software company and cloud solutions provider will host its AI day on Thursday. The Thursday session volume surged to 46 million vs. the 100-day average… Read More »
Artificial intelligence software developer C3.ai (AI) reported fourth quarter results after the bell on Wednesday, beating expectations on the top and bottom lines but offering a forecast that disappointed Wall Street expectations. The company reported first quarter revenues of $72.4 million, more than the $71 million expected on an adjusted loss per share of $0.13,… Read More »
If you haven’t bought Nvidia stock yet, you’re probably wishing you did. But ETFs can help you buy into the S&P 500 stock without risking too much if you’re late to the Nvidia party. X AI has been a boon for Nvidia (NVDA) and its S&P 500 stock. The company designs chips and software that… Read More »
Text size Dollar General stock was tumbling after the company released disappointing earnings. Justin Sullivan/Getty Images Dollar General stock was falling hard Thursday after the discount store retailer cut its sales and profit outlook for the year as its primary customer base gets hit by high inflation. The stock (ticker: DG) was down 9.3% to… Read More »
Text size Okta was one of the worst-performing stocks of 2022 but had been recovering strongly this year so far. Dreamstime Okta shares were tumbling on Thursday as investors digested its first-quarter earnings. Wall Street analysts still like the identity-management software provider’s products but counsel against buying the dip as macroeconomic concerns mount. Okta (ticker:… Read More »
Text size Shares of Okta are up more than 30% this year. Dreamstime Okta delivered a “beat-and-raise quarter” Wednesday, as the identity management software provider posted stronger-than-expected financial results for its fiscal first quarter, while boosting guidance for the January 2024 fiscal year. But concerns from the company about the macro environment seemed to send… Read More »
Text size Chewy reported a surprise profit, sending its stock soaring. Daniel Acker/Bloomberg It turns out people will keep spending on their pets, even if they’re cutting other spending—and Chewy stock is soaring because of it after releasing earnings. Chewy reported a surprise profit of 20 cents a share, beating estimates for a loss of… Read More »
Stocks slipped on Thursday after the House passed a bill to raise the debt ceiling late Wednesday evening. The S&P 500 (^GSPC) slid 0.08%, while the Dow Jones Industrial Average (^DJI) fell 0.36%, or 118 points and the technology-heavy Nasdaq Composite (^IXIC) dropped 0.21%. A looming U.S. debt default, which Treasury Secretary Janet Yellen warned… Read More »
Text size Salesforce was among a number of software stocks falling early Thursday. Getty Images Relief that the House of Representatives passed the debt deal was quickly overshadowed by the fallout from a raft of tech earnings as stocks were mixed early Thursday. The premarket fallers were dominated by software names as several companies failed… Read More »
Last Updated: June 01, 2023, 09:31 IST Sensex Today: Sensex, Nifty 50 saw a flat start to Thursday’s trade with a slight uptick after the bill to raise the debt ceiling was passed by the House of Representatives in the US. The BSE Sensex gained 50 points to 62,678, and the NSE Nifty50 edgd 13… Read More »
Call traders are pummeling Twilio Inc (NYSE:TWLO) amid news that activist investor Legion Partners is urging the cloud computing concern to make board changes and consider divestitures. By the midday mark, more than 50,000 bullish bets have changed hands, which is double the intraday average amount. New positions are opening at the top three most popular… Read More »
Bud Light sales have fallen this month amid a backlash over a social media promotion of the brand by influencer Dylan Mulvaney. Rob Carr/Getty Images Text size Another day, another round of losses for shares of Anheuser-Busch InBev. Yet at least one analyst thinks the selloff may have gone too far. AB InBev (ticker: BUD)… Read More »
US stocks traded down Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, strong US jobs data and China’s economic woes pressured global markets. The S&P 500 (^GSPC) fell 0.81%, erasing its monthly gain on the last day of the trading session… Read More »
Text size Twilio’s stock has been pressured over the past year. Gabby Jones/Bloomberg Twilio stock rose Wednesday following a report that said activist hedge fund Legion Partners has met with the software company several times and pushed for divestitures and board changes. The stock (ticker: TWLO ) was up 5.3%, to $65.96 on Wednesday. Legion, known for… Read More »
Chevron stock has fallen enough to earn an upgrade from JPMorgan. Mario Tama/Getty Images Text size Chevron stock has been hit hard this year and J.P. Morgan analysts think the selloff has gone far enough for the stock to be worthy of an upgrade. That doesn’t mean it’s a buy. In a note on Wednesday,… Read More »
US stocks were lower Wednesday morning as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, China’s economic woes pressured global markets. The S&P 500 (^GSPC) dropped 0.52% while the Dow Jones Industrial Average (^DJI) dipped 0.69% or more than 200 points. The technology-heavy… Read More »