Finance
My top 10 things to watch Wednesday, Oct. 22 1. GE Vernova reported an earnings beat this morning and reaffirmed its full-year targets. The Club stock posted excellent organic orders for gas turbines, but miserable orders for wind. Wind is a rounding error. It has a giant hyperscale order and is the only company that…
Topline A dayslong rally continued Wednesday for Beyond Meat, whose shares have jumped more than 1,000% since hitting a new low last week, as traders flocked to the plant-based meat distributor’s stock as the next meme asset. Wall Street previously forecast the plant-based meat firm as a “Reddit stock to watch.” Getty Images Key Facts…
REUTERS/FILE PHOTO Vegetarian sausages from Beyond Meat Inc., the vegan burger maker, are shown for sale at a market in Encinitas, Calif., in June 2019. Beyond Meat’s highly shorted shares jumped about 130% in premarket trading today, fueled by a fresh wave of buying among retail traders who have sparked meme stock frenzies on Wall…
Check out the companies making headlines before the stock market’s opening bell. Beyond Meat — The plant-based meat alternative company surged 90%, continuing its meme-fueled craze . The stock soared more than 140% on Tuesday, its largest ever one-day gain, after Beyond Meat signed a deal with Walmart to expand distribution. Earlier in the week,…
Unity Software(U.US) reported fourth-quarter financial results after the market close on Monday. Here’s a rundown of the report.Q4 Earnings: Unity said fourth-quarter revenue increased 35% year-over-year to $609 million, beating the consensus estimate of $562.71 million. The company reported a quarterly loss of 66 cents per share. Login or create a forever free account to…
Foreign investors are flooding back into Korean equities, turning the country from one of the most heavily sold markets earlier this year into the most actively bought since September. A world-leading rally in the benchmark Kospi index and the resurgence of semiconductor stocks are drawing global money managers, analysts said. According to data compiled by…
By Akriti Shah (Reuters) -Shares of Texas Instruments sank more than 8% on Wednesday in premarket trading, after the chipmaker’s downbeat fourth-quarter profit and revenue outlook deepened worries over a drawn-out recovery in the analog chip market as tariff uncertainty plagues the wider industry. While TI has reduced some of its business exposure to the…
Stock futures were struggling for direction on Wednesday, while both gold and silver were clawing back some of their losses from the previous session’s dramatic selloff. Futures tracking the Dow Jones Industrial Average climbed 7 points, effectively trading flat. S&P 500 futures were up 0.1%, and contracts tied to the tech-heavy Nasdaq 100 slid 0.1%….
mbbirdy/E+ via Getty Images Stock index futures were nearly flat on Wednesday, as traders looked forward to earnings reports from big companies, including Tesla (TSLA) and assessed Netflix’s (NFLX) results. S&P 500 futures (SPX) +0.1%, Nasdaq 100 futures (US100:IND) and Source link
While gold was taking a hit on Tuesday, the metals trade has outshined artificial intelligence on Wall Street this year, even the latter has propelled the broader stock market to record levels. Gold crossed the $4,000-per-ounce threshold earlier in October, and just this week, it hit a record above $4,300 . It’s currently up more…