Baupost Group's Seth Klarman found a handful of buying opportunities last quarter as the longtime value investor continued to seek cheap hidden gems in an expensive stock market. The widely-followed hedge fund manager took a new stake in industrial product distributor Ferguson Enterprises , worth nearly $200 million at...
Check out the companies making headlines in midday trading. Warner Music Group -- The entertainment stock popped 3% following an upgrade at Citi to buy from neutral. Citi analyst Jason Bazinet said that Warner Music's multiple is "far below" those of its peers. Roku – Shares popped nearly 14%...
Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024.Eric Thayer | Bloomberg | Getty ImagesAirbnb shares surged 14% and headed for their best day ever after the company reported stronger-than-expected fourth-quarter earnings.The stock debuted...
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered with Avalon Labs to mark the exclusive launch of Avalon Token (AVL) on Bybit Spot. This collaboration introduces an initiative designed to enhance engagement within the Avalon ecosystem by offering an incentive-based savings mechanism through Bybit Earn’s Fixed...
Shares of Roku surged more than 10% Friday, at one point reaching a new 52-week high, on earnings that beat Wall Street expectations.In an interview on CNBC's "Squawk Box," CEO Anthony Wood said more than half of U.S. broadband households now watch TV with Roku.Wood said the company added...
Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday.Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain in December, even worse than the Dow Jones estimate for a 0.2% decline. The sales...
Check out the companies making headlines before the bell: Moderna — The biotechnology company retreated 4% after losing $2.91 per share in the fourth quarter, a wider loss than the $2.68 expected by LSEG. However, the company beat expectations of analysts for revenue in the quarter. GameStop — Shares...
Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to slash costs and demand for its Covid vaccine falls. It marks another quarter of growing pains for the company, which is racing to launch new products and...
A Hermes Birkin bag in a window display at a KaDeWe department store in Berlin, Germany, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg | Getty ImagesHaute couture fashion house Hermes on Friday reported a better-than-expected jump in fourth-quarter sales, proving still strong demand for the most exclusive products in...
Sony PlayStation game controllers are displayed at a Best Buy store on December 17, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesShares in Sony Group surged as much as 10.7% Friday after the company raised its revenue and profit forecast for its current financial year ending in March.The...