Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures with all eyes on Nvidia. X The stock market rally saw the Dow Jones, S&P 500 and Nasdaq hit record highs during the past week, with many stocks breaking out or flashing other buy signals. Stocks paused late in the
The world’s largest hedge fund recently loaded up on shares of some members of the Magnificent Seven tech stocks, and halved an investment in a Chinese maker of electric vehicles. Bridgewater Associates made a big bet on Apple stock, more than doubled its stake in Nvidia shares, tripled an investment in Microsoft stock, and cut
Semiconductor equipment vendor Applied Materials (AMAT) late Thursday beat estimates for its fiscal second quarter and guided above views for the current period. But AMAT stock fell in extended trading. X The Santa Clara, Calif.-based company earned an adjusted $2.09 a share on sales of $6.65 billion in the quarter ended April 28. Analysts polled
Institutional investors are going to play a bigger role in the cryptocurrency trading market, Bakkt said Wednesday (May 15) when announcing its latest quarterly results. Bakkt, which provides custody, trading and onramp capabilities for the crypto economy, said in a presentation released Wednesday that this increase in the mainstream adoption of crypto was sparked by the Securities and Exchange Commission’s (SEC) approval
Stocks delighted investors as the major indexes racked up robust gains after April inflation data met expectations. The major indexes closed at record highs Wednesday. And meme stocks GameStop (GME) and AMC Entertainment (AMC) gave back a large portion of gains in the stock market today. X The Dow Jones Industrial Average added 0.9%, or
Atrium Mortgage Investment (TSE:AI – Get Free Report) will be announcing its earnings results after the market closes on Tuesday, May 14th. Atrium Mortgage Investment (TSE:AI – Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported C$0.26 EPS for the quarter. The firm had revenue of C$25.91 million during
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
Finance of America Cos. narrowed losses in the first quarter and addressed a branding pivot to fully fold its acquisition of American Advisors Group into a single reverse-mortgage business under the parent name. The Plano, Texas-based company saw a net loss of $20.3 million, of which $15.8 came from continuing operations. Changes in fair value
Coinbase, the largest U.S.-based cryptocurrency exchange, is ultimately a crypto story. And like all crypto stories, it has its downs — and its wild ups. Coinbase reported earnings per share of $4.40 Thursday (May 2), compared to Wall Street expectations of $1.28, representing a 244.83% beat. The crypto platform beat Wall Street revenue estimates as well, by a comparatively more modest 19.74%.