With stocks set to close out a strong first half of 2024, investors have just one more key inflation hurdle to clear in the week ahead: May's personal expenditure report. Stocks have defied all expectations at the midpoint of the year. While many investors came into 2024 anticipating limited...
Check out the companies making headlines before the bell: Accenture — The tech stock jumped 8.6%. While Accenture missed earnings and revenue expectations in its latest quarter, according to FactSet, the information technology company posted more than $900 million in new generative AI bookings. Trump Media & Technology Group...
Optimism is high on Wall Street at the midpoint of the year. Investors are the most bullish they have been since November 2021, according to the global fund manager survey, or FMS, released Tuesday from Bank of America Securities. Not only are portfolio managers not anticipating a recession, but...
Check out the companies making headlines in extended trading. Zscaler — Shares surged nearly 15% after Zscaler topped third-quarter expectations on the top and bottom lines. The cloud security company posted adjusted quarterly earnings of 88 cents per share on revenue of $553 million. Analysts polled by LSEG had...
Check out the companies making headlines in midday trading. Nvidia — The chipmaker and artificial intelligence beneficiary spiked 11% after Nvidia posted strong fiscal first-quarter results , issued better-than-expected guidance and announced a 10-for-1 stock split. Other AI and related semiconductor names rallied on the results. Super Micro Computer...
Check out the companies making headlines in midday trading. Hims & Hers Health — Shares surged more than 30% after the telehealth company introduced access to compounded GLP-1 injections, expanding on the weight loss program it launched in December. Wix.com — The web development company jumped more than 25%...
Check out the companies making headlines before the bell: GameStop — Shares dropped more than 20% after the video game retailer said it plans to sell 45 million common shares of its stock. It also posted preliminary results that showed a sales decline in the first quarter. Reddit —...
Check out the companies making headlines in extended trading. Yelp — Shares of the restaurant review site slid 6% as Yelp posted light second-quarter revenue guidance. The company reported first-quarter earnings of 20 cents a share, surpassing analysts' estimates of 6 cents a share, per LSEG. Revenue for the...
Check out the companies making headlines before the bell: Walt Disney — The media giant slid more than 4% even after Walt Disney Company posted fiscal second-quarter earnings that beat expectations, bolstered by after narrowing streaming losses. Hims & Hers Health — The stock surged 14% after the telehealth...
Warren Buffett poses with Martin, the Geico gecko, ahead of the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, Nebraska on May 3rd, 2024.David A. Grogan | CNBCBerkshire Hathaway shares rose in premarket trading Monday after Warren Buffett's conglomerate reported a surge in operating earnings as well as a record...