Check out the companies making headlines in premarket trading. Nvidia — The chipmaker jumped 7.4% on the back of its strong fiscal first-quarter results, better-than-expected guidance and 10-for-1 stock split announcement. Super Micro Computer and Advanced Micro Devices popped more than 5% and 3%, respectively. Taiwan Semiconductor — The...
Nvidia is still considered cheap and can rise after its earnings report, according to Dan Niles. The semiconductor stock turned artificial intelligence darling has run up big, said the Niles Investment Management founder. But he also pointed out that Nvidia is still about 15% below the five-year price-to-earnings average,...
Ordini's Best Fiberglass Pools contractors work to install a pool, which the company says have dramatically increased in sales due to COVID-19 fears, in Gilbertsville, Pennsylvania, April 26, 2021.Rachel Wisniewski | ReutersAmericans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and...
Check out the companies making headlines in midday trading: GameStop — Shares tumbled 19.7% after the video game retailer said it plans to sell up to 45 million class A common shares in an at-the-market offering. The sale comes after GameStop shares surged earlier this week in a brief...
A renaissance in Western styles can boost stocks that specialize in denim, according to TD Cowen. Analyst Oliver Chen hailed the jean-fabric category as a strong performer that should be able to keep up momentum through at least the end of 2024. While positive on stocks across the space,...
Check out the companies making headlines in midday trading: Meme stocks — Meme stocks roared for a second day with GameStop surging more than 65% and AMC popping over 70%. The latest trading frenzy in these names was triggered by the return of "Roaring Kitty," who posted online for...
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there's a strong interest in microloans as cash-strapped Americans try to scrape by.That juxtaposition underscores the growing picture of bifurcation among income brackets in America. And adds...
Check out the companies making headlines in midday trading. Planet Fitness — Shares jumped 7.9% after trading lower premarket Thursday. First-quarter earnings excluding one-time items of 53 cents a share topped analysts' consensus estimate of 50 cents, EBITDA of $106.3 million was better than an estimated $104.8 million and...
Check out the companies making headlines in after-hours trading. Reddit — The social media stock popped nearly 18% on the back of a better-than-expected quarterly earnings in its first report since the company's initial public offering in March. Reddit saw a faster rate of advertising revenue growth than its...
Check out the companies making headlines in premarket trading. Berkshire Hathaway — Class A shares traded up 1.2% early Monday after the conglomerate posted 39% year over year growth in operating profit. The Warren Buffett-led business also saw its cash holdings rise to record levels, approaching $200 billion. Paramount...