Cisco (CSCO) is always a tricky play around its earnings report. The company isn’t a fast grower, and what the Street focuses on tends to shift from quarter to quarter. Sometimes it’s profit margins, sometimes it’s product orders, sometimes it’s the outlook. Going through the latest, I don’t hate the quarter and outlook. Gross margins…
US stock futures wavered amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following the latest inflation data. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) hovered around the flatline. In day trading, stocks roared after the…
Tilray (TLRY) stock rose another 10% in premarket trading on Tuesday after soaring 41% on Monday amid speculation that President Trump may move to reclassify marijuana as a less dangerous drug. The Canadian cannabis company traded hands at over $1 per share for the first time since February. Despite a 60% gain in the past…
SoundHound AI (SOUN) reported record revenue in its second quarter results, as its expansion into new verticals, such as restaurants and hospitals, helped fuel 217% year-over-year revenue growth. The stock rocketed 2% higher in premarket trading on Friday. SoundHound develops artificial intelligence solutions that businesses use for automation and to create conversational experiences for their…
US stock futures edged higher on Thursday as President Trump’s sweeping tariffs hit dozens of US trade partners after his self-imposed deadline for countries to strike deals expired. Futures attached to the Dow Jones Industrial Average (YM=F) gained 0.4%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) rose 0.6%….
After a 7.85% post earnings pop on Tuesday, Palantir (PLTR) looks to be holding onto gains pre-market despite mixed results out of Advanced Micro Devices (AMD) last night. It’s going to be hard to shake the Palantir bulls in the near-term. Palantir had the type of shocking quarter than ignited the Nvidia trade more than…
US stock futures held near the flatline Sunday evening as Wall Street regrouped amid a slew of fresh headwinds, including disappointing labor data and continuing trade uncertainty. Futures tied to the S&P 500 (ES=F), Nasdaq 100 (NQ=F) and Dow Jones Industrial Average (YM=F) all held close to the baseline. The modest moves follow a sharp…
US stock futures retreated on Friday after President Trump officially hit virtually every US trading partner with sweeping tariff hikes, pushing ahead with his plan to remake the global trade order. Dow Jones Industrial Average futures (YM=F) dropped 0.4%, while those on the S&P 500 (ES=F) also fell 0.4%. Contracts on the tech-heavy Nasdaq 100…
US stock futures slipped as the White House began to release the policy consequences of the expiration of President Trump’s trade deadline, including a baseline tariff rate of 10% and increased levies on Canada. Futures attached to the Dow Jones Industrial Average (YM=F) ticked down 0.2%. Futures attached to the benchmark S&P 500 (ES=F) fell…
US stock futures surged on Thursday as investors weighed a new trade deal with South Korea and strong earnings from Meta (META) and Microsoft (MSFT). S&P 500 futures (ES=F) rose 1.1%, while those on the Dow Jones Industrial Average (YM=F) moved up 0.4%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) jumped 1.5% after quarterly reports…