Check out the companies making the biggest moves in premarket trading: Tesla — The electric vehicle maker tumbled 6% after CEO Elon Musk said he would form a new political party called the “America Party.” Musk has been engaged in a feud with President Donald Trump, who called the new party “ridiculous.” Geo Group ,…
My top 10 things to watch Monday, June 23 1. Making sense of the stock market’s muted response to the U.S. bombing three Iranian nuclear sites over the weekend. Strait of Hormuz uncertainty in the short term versus the destabilizing but not regime-changing situation in Iran. Positive for the markets? Is there more Permian takeaway…
Brad Smith and Madison Mills outline three trending stocks that investors need to know about on Morning Brief. AppLovin (APP) shares explode on its earnings beat and the company’s announcement that it’s selling its apps business to focus on advertising. MGM Resorts International (MGM) stock soars after its fourth quarter earnings results beat on the…
Check out the companies making headlines in postmarket trading: Reddit — The social media platform slid 17% after Reddit’s user numbers fell short of Wall Street’s expectations. Daily active uniques averaged 101.7 million for the fourth quarter, reflecting growth of 39% year over year but missing analysts’ call for 103.1 million, per StreetAccount. Separately, Reddit…
Orange juice futures extend losing streak Orange juice futures (MAR) were lower again Tuesday, marking their eighth consecutive negative session. OJ hit a low of 385.50 cents per pound, its lowest level since May 9, 2024. This pullback comes despite futures reaching all-time highs in mid-December. Market observers are surprised by the recent downturn, given…
Inflation readings next week will have to show that the rosy macroeconomic outlook underpinning the bull case for stocks remains intact, in order to reassure a whipsawed market swinging between the latest earnings news and the latest tariff updates. Wall Street is in for a quieter economic calendar in the week ahead, but investors will…
Check out the companies making headlines in extended trading: Microsoft — The technology giant slid nearly 4% after its revenue guidance for the fiscal second quarter disappointed investors. Microsoft’s outlook called for revenue to range between $68.1 billion to $69.1 billion. Analysts polled by LSEG sought $69.83 billion. Booking Holdings — Shares of the online…