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The market was mixed Wednesday, with tech holding its breath. The S&P 500 closed flat. Nvidia earnings came out with revenue and adjusted EPS beat, but forward guidance was below mid-point estimates, sending the stock lower by 2% or so.
At 4:01 p.m. ET, the $Nasdaq Composite Index (.IXIC.US)$ was off 0.32%. The $Dow Jones Industrial Average (.DJI.US)$ was up 0.32% and $S&P 500 Index (.SPX.US)$ was flat for the day, climbing ju...
At 4:01 p.m. ET, the $Nasdaq Composite Index (.IXIC.US)$ was off 0.32%. The $Dow Jones Industrial Average (.DJI.US)$ was up 0.32% and $S&P 500 Index (.SPX.US)$ was flat for the day, climbing ju...
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$Palo Alto Networks (PANW.US)$ shares slipped in extended trading after the company failed to deliver an outlook that blew past analysts' estimates.
The company forecast second quarter adjusted earnings to reach $1.54 to $1.56 a share in its fiscal second quarter, the midpoint of which is just in line with the $1.55 adjusted earnings expected by analysts, estimates compiled by Bloomberg show. Revenue was seen reaching $2...
The company forecast second quarter adjusted earnings to reach $1.54 to $1.56 a share in its fiscal second quarter, the midpoint of which is just in line with the $1.55 adjusted earnings expected by analysts, estimates compiled by Bloomberg show. Revenue was seen reaching $2...
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Morning Movers
Gapping up
$Comcast (CMCSA.US)$ stock increased by 2.5% following a report by the WSJ that the media giant was nearing approval for a $7 billion spinoff of its cable TV assets.
$NVIDIA (NVDA.US)$ stock went up by 0.44%, building on the near 5% gains from the previous session as the market anticipates its upcoming quarterly earnings report.
$Keysight Technologies (KEYS.US)$ stock jumped 9.4% after the company rel...
Gapping up
$Comcast (CMCSA.US)$ stock increased by 2.5% following a report by the WSJ that the media giant was nearing approval for a $7 billion spinoff of its cable TV assets.
$NVIDIA (NVDA.US)$ stock went up by 0.44%, building on the near 5% gains from the previous session as the market anticipates its upcoming quarterly earnings report.
$Keysight Technologies (KEYS.US)$ stock jumped 9.4% after the company rel...
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As 2024 comes to a close, Malaysia has reported a third-quarter GDP growth of 5.3%, demonstrating strong economic resilience. Robust investment and financing activities have been a key support factor, with 46 companies completing Initial Public Offerings (IPO) this year, marking the highest level in nearly five years.
According to Bursa data, there have been 11 companies listed in the fourth quarter to date, raising a total of 798 million ringg...
According to Bursa data, there have been 11 companies listed in the fourth quarter to date, raising a total of 798 million ringg...
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$NVIDIA (NVDA.US)$ institutional investors and speculators are pouring millions of dollars in the options market days ahead of earnings results that could test how long the AI-favorite could keep beating analysts' estimates.
The biggest among unusual options activities seen so far Monday involved a multi-leg trade that had an active buyer paying a $3.86 million premium for put options that gives him or her...
The biggest among unusual options activities seen so far Monday involved a multi-leg trade that had an active buyer paying a $3.86 million premium for put options that gives him or her...
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Columns Symbotic Soars 20%+ After Hours as Robotics-Tech Firm Beats on Fiscal Q4 Earnings and Revenues
$Symbotic (SYM.US)$ soared more than 20% after hours Monday after the robotics-technology firm beat analyst estimates for its fiscal Q4 earnings and revenues.
SYM gained 20.5% to $36.81 shortly before 4:30 p.m. ET after reporting that GAAP earnings came in at $0.05 a share on $576.8 million of revenues in the three months ended Sept. 28. That exceeded the $0.03 EPS and $470.3 million that analysts had re...
SYM gained 20.5% to $36.81 shortly before 4:30 p.m. ET after reporting that GAAP earnings came in at $0.05 a share on $576.8 million of revenues in the three months ended Sept. 28. That exceeded the $0.03 EPS and $470.3 million that analysts had re...
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$ICZOOM Group (IZM.US)$
Hong Kong, Nov 15, 2024,ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced that ICZOOM and Hjet Supply Chain, a subsidiary of ICZOOM(“HJET”) wererecognized as the "Outstanding E-Commerce Distributor" and the "Annual Outstanding Supply Chain Service Provider," respectively, at the 2024 International Integrated Ci...
Hong Kong, Nov 15, 2024,ICZOOM Group Inc. (Nasdaq: IZM) (the "Company" or "ICZOOM"), a B2B electronic component products e-commerce platform, announced that ICZOOM and Hjet Supply Chain, a subsidiary of ICZOOM(“HJET”) wererecognized as the "Outstanding E-Commerce Distributor" and the "Annual Outstanding Supply Chain Service Provider," respectively, at the 2024 International Integrated Ci...
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Columns Investment mogul Baron predicts that Tesla's market cap will reach $5 trillion within 10 years.
Electric vehicle giant Tesla (TESLA), after the U.S. presidential election, saw a surge in stock price, even doubling compared to the lowest point this year. American investment tycoons still bullish on Tesla's potential to rise several times.
Investment tycoon Baron (RON BARON), who is also a major shareholder of Tesla, stated that Tesla's market cap could rise to $5 trillion within 10 years. Tesla's CEO Musk also believes that Tesla's market cap could reach $30 trillion.
In response to Trump's election as the next U.S. president, Musk's support played a significant role. Recently, Tesla's stock price surged by over 25%, with its market cap surpassing $1 trillion again.
Barron was one of the early investors in Tesla, and Baron Capital, managed by him, invested 0.4 billion USD in the company between 2014 and 2016.
He once disclosed that his investment in Tesla brought him a profit of 6 billion USD. Tesla currently accounts for one-tenth of Barron's stock investment.
Barron, when interviewed by CNBC on Friday, believes that due to the development of humanoid robot Optimus, Tesla could reach over 3 trillion USD in the next 10 years, even 4 trillion or 5 trillion USD. Therefore, he will not sell his Tesla stocks at the current stage.
He also revealed that Musk believes that Tesla's market cap is more likely to reach 30 trillion dollars.
Tesla closed 9.54 dollars higher on Friday at 320.72 dollars.
source: 9Share
Investment tycoon Baron (RON BARON), who is also a major shareholder of Tesla, stated that Tesla's market cap could rise to $5 trillion within 10 years. Tesla's CEO Musk also believes that Tesla's market cap could reach $30 trillion.
In response to Trump's election as the next U.S. president, Musk's support played a significant role. Recently, Tesla's stock price surged by over 25%, with its market cap surpassing $1 trillion again.
Barron was one of the early investors in Tesla, and Baron Capital, managed by him, invested 0.4 billion USD in the company between 2014 and 2016.
He once disclosed that his investment in Tesla brought him a profit of 6 billion USD. Tesla currently accounts for one-tenth of Barron's stock investment.
Barron, when interviewed by CNBC on Friday, believes that due to the development of humanoid robot Optimus, Tesla could reach over 3 trillion USD in the next 10 years, even 4 trillion or 5 trillion USD. Therefore, he will not sell his Tesla stocks at the current stage.
He also revealed that Musk believes that Tesla's market cap is more likely to reach 30 trillion dollars.
Tesla closed 9.54 dollars higher on Friday at 320.72 dollars.
source: 9Share
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$PDD Holdings (PDD.US)$ saw bulls pour millions of dollars into call options after billionaire David Tepper's Appaloosa Management boosted its stake in the parent company of online retailer Temu.
Appaloosa added 3.36 million PDD American depositary receipts to its portfolio, taking its stake in the company to 456.7 million ADRs as of Sept. 30, according to Bloomberg data from the investment firm's 13F filing with ...
Appaloosa added 3.36 million PDD American depositary receipts to its portfolio, taking its stake in the company to 456.7 million ADRs as of Sept. 30, according to Bloomberg data from the investment firm's 13F filing with ...
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In the end, a week that starts with an all-time high for the S&P 500, Dow Jones, and Nasdaq 100, ended with equities lower.
At 4:02 p.m. ET, the three indices closed lower. The $Dow Jones Industrial Average (.DJI.US)$ was off 0.70%, losing 300 points. The $S&P 500 Index (.SPX.US)$ was down 1.32% and the $Nasdaq Composite Index (.IXIC.US)$ was off 2.24%.
MACRO
In macro, core retail sales grew by 0.1% month over month, lower than estimated. ...
At 4:02 p.m. ET, the three indices closed lower. The $Dow Jones Industrial Average (.DJI.US)$ was off 0.70%, losing 300 points. The $S&P 500 Index (.SPX.US)$ was down 1.32% and the $Nasdaq Composite Index (.IXIC.US)$ was off 2.24%.
MACRO
In macro, core retail sales grew by 0.1% month over month, lower than estimated. ...
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