Kareem Washington
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The stock market wrapped up a robust week, with major indexes posting their best performances of the year. The S&P 500 rose 4%, while the Nasdaq Composite surged 5.9%. The Dow Jones Industrial Average also gained 2.6% during the period. Tech and semiconductor giants drove the rally, with Super Micro Computer and Arm Holdings adding 3.4% and 5.9%, respectively. Alphabet advanced 1.8%, and Uber jumped more than 6%.
“Inv...
“Inv...
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As the Federal Reserve nears a new cycle of interest rate cuts, global capital is surging into Southeast Asian markets in search of fresh growth opportunities. This influx of investment has led to a significant uptick in foreign inflows, marking a fifth consecutive week of gains, according to Bloomberg. Concurrently, the MSCI Asean Index has reached its highest trading levels since April 2022.
From August to the ...
From August to the ...
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$NVIDIA (NVDA.US)$ quite abit of selling pressure today and option placement. hmmm, bears getting desperate and bulls getting scared, very interesting ![]()
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Kareem Washington
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$GameStop (GME.US)$ is seeing a jump in demand for put options that could protect the shareholder against an extended stock slump after the company's quarterly revenue missed analysts' estimates.
The stock plunged 15% to $19.93 Wednesday after the videogame retailer reported that second quarter sales declined to $798 million, from $1.16 billion a year earlier. That missed the average estimate of $895.7 billion expected by two analy...
The stock plunged 15% to $19.93 Wednesday after the videogame retailer reported that second quarter sales declined to $798 million, from $1.16 billion a year earlier. That missed the average estimate of $895.7 billion expected by two analy...
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The S&P 500 and Nasdaq reached new record highs on Tuesday after Federal Reserve Chair Jerome Powell warned about the risks of keeping interest rates high for too long.
Powell will continue testimony this week before Congress on Wednesday before the House Financial Services Committee.
The $Nasdaq Composite Index (.IXIC.US)$ added 0.14% to close at 18429.29, and the $S&P 500 Index (.SPX.US)$ gained 0....
Powell will continue testimony this week before Congress on Wednesday before the House Financial Services Committee.
The $Nasdaq Composite Index (.IXIC.US)$ added 0.14% to close at 18429.29, and the $S&P 500 Index (.SPX.US)$ gained 0....
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Kareem Washington
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Morning Movers
Gapping up
$Novavax (NVAX.US)$ The biotech firm's stock price skyrocketed by 114% after revealing a multi-billion dollar agreement with Sanofi to jointly market its Covid vaccine and collaborate on creating hybrid vaccines aimed at both Covid and influenza.
$Sweetgreen (SG.US)$ Shares of the salad chain surged by 5% after Sweetgreen announced a first-quarter revenue of $158 million, which exceeded the consensus estim...
Gapping up
$Novavax (NVAX.US)$ The biotech firm's stock price skyrocketed by 114% after revealing a multi-billion dollar agreement with Sanofi to jointly market its Covid vaccine and collaborate on creating hybrid vaccines aimed at both Covid and influenza.
$Sweetgreen (SG.US)$ Shares of the salad chain surged by 5% after Sweetgreen announced a first-quarter revenue of $158 million, which exceeded the consensus estim...
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After another busy week for the FOMC, the upcoming week seems to have settled down a bit. Only a few companies will be releasing their earnings, and the market anticipates the release of the Fed's preferred gauge on Friday, the core PCE inflation data.
Earnings for $McCormick & Co (MKC.US)$ and $GameStop (GME.US)$ will be released on Tuesday, followed by $Carnival (CCL.US)$ and $Jefferies Financial (JEF.US)$ on Wednes...
Earnings for $McCormick & Co (MKC.US)$ and $GameStop (GME.US)$ will be released on Tuesday, followed by $Carnival (CCL.US)$ and $Jefferies Financial (JEF.US)$ on Wednes...
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Good Morning Everyone! Let’s get this money!!
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Morning Movers
Gapping up
$Super Micro Computer (SMCI.US)$ and $Deckers Outdoor (DECK.US)$ shares jumped 12% and 5%, respectively, after S&P Dow Jones Indices said Friday the two companies would be added to the S&P 500 later this month.
$DoorDash (DASH.US)$ stock rose by 2.8% following an upgrade by RBC from 'sector perform' to 'outperform'. The upgrade was based on DoorDash's prospects for forming new partnerships, notably with L...
Gapping up
$Super Micro Computer (SMCI.US)$ and $Deckers Outdoor (DECK.US)$ shares jumped 12% and 5%, respectively, after S&P Dow Jones Indices said Friday the two companies would be added to the S&P 500 later this month.
$DoorDash (DASH.US)$ stock rose by 2.8% following an upgrade by RBC from 'sector perform' to 'outperform'. The upgrade was based on DoorDash's prospects for forming new partnerships, notably with L...
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