Robinhood Markets (HOOD) crushed earnings estimates for a first quarter that saw a surge in retail cryptocurrency trading. Robinhood stock jumped in late Wednesday trade. The Robinhood earnings report came after the online broker on Monday disclosed it had received a “Wells Notice” over crypto trading on its trading platform. X Robinhood Earnings Estimates: Analysts,
Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. Coupang (CPNG), Arista Networks (ANET) and recent IPOs Reddit (RDDT) and Astera Labs (ALAB) were among the notable earnings reports. X The stock market rally was narrowly mixed on Tuesday. Palantir (PLTR) and Datadog (DDOG) weighed on software plays, but
When investors think of the giants of artificial intelligence, Magnificent Seven stocks like Nvidia (NVDA), Microsoft (MSFT) and Alphabet (GOOGL) or maybe Palantir Technologies (PLTR) come to mind. But defense, intelligence and civil management consultant Booz Allen Hamilton (BAH) wears the crown as the largest provider of AI to the federal government. X While Nvidia,
Gold prices, oil and commodities remain bright spots in a volatile market, with fears of slowing growth and stubborn inflation exacting a toll on stocks. But investors seeking the perceived relative safety of commodities should set up stops before rushing in. X Tom Basso, Enjoytheride.world founder and author, tells Investor Business Daily’s “Investing with IBD”
AstraZeneca (AZN) stock bolted higher Thursday — and is now within striking distance of a breakout — after its cancer treatments propelled a first-quarter beat. X The Cambridge U.K.-based drugmaker reported almost $5.11 billion in sales of its cancer drugs. Sales rocketed 23% on a strict, as-reported basis and 26% when excluding the impact of
Tesla (TSLA) reported worse-than-expected first-quarter earnings and revenue late Tuesday. Investors appeared not to care, sending TSLA shares more than 12% higher early Wednesday after Chief Executive Elon Musk signaled “more affordable” new models are on the way. Musk also predicted 2024 vehicle deliveries would be higher, stressing Tesla’s focus on full-self driving (FSD) during
Dow Jones futures rose slightly Sunday night, along with S&P 500 futures and Nasdaq futures. Earnings from Microsoft (MSFT), Meta Platforms (META) and many more are on deck. Tesla, which reports Tuesday, slashed EV and FSD prices over the weekend. X The stock market suffered sharp losses in the past week. The Dow Jones actually
Fed rate-cut odds continued to decline over the past week, amid continued strong economic data and a notable shift from Fed chief Jerome Powell. X Markets pushed back the first Fed rate cut yet again, this time from July to September. And that’s by no means a sure thing. For the full year, markets are
Donald Trump and Elon Musk are often compared. The former president and Tesla (TSLA) CEO are both billionaire populists on the right, with millions of die-hard fans and high negatives. But what about their respective stocks Trump Media & Technology (DJT) and Tesla? Which is the better meme stock? X GameStop (GME) and AMC Entertainment
Tesla (TSLA) has halted Cybertruck deliveries, according to social media chatter, possibly to address a problem with the accelerator pedal. X In recent days, forums dedicated to the Tesla Cybertruck had several posters saying their upcoming deliveries were delayed or cancelled. Others had complained about the accelerator pedal getting stuck. Tesla does not have a