Reported about 1 month ago
Despite a global software outage in July, CrowdStrike's long-term outlook remains strong according to TD Cowen analyst Shaul Eyal, who expects only minor reductions in the company's guidance for the latter half of the year. In contrast, he expresses caution regarding Okta's performance, suggesting that the company needs to improve consistency to earn a Buy rating.
Source: YAHOO
Reported about 1 month ago
The Biden administration has declared that Bioceres Crop Solutions Corp.'s genetically modified wheat, known as HB4, is safe for production and does not require regulation. This approval marks a significant step for Bioceres in its effort to bring the first GMO wheat to market, following similar approvals in Brazil, Paraguay, and Argentina. The US Department of Agriculture indicated that HB4 wheat is unlikely to pose pest threats and can be safely cultivated in the United States.
Source: YAHOO
Reported about 1 month ago
Evercore ISI has increased its price target for Netflix (NFLX) from $710 to $750, maintaining an Outperform rating due to the belief that the stock still has potential for further growth. Analysts discuss this optimistic outlook amid the competitive landscape of streaming services.
Source: YAHOO
Reported about 1 month ago
BHP Group Ltd. has issued a cautious outlook on copper, foreseeing a modest global surplus until 2025 due to lowered demand in China, while still predicting significant price increases in the long run driven by a looming supply shortage amid rising demand from renewable energy and infrastructure developments. The company's latest report reflects a decline in Chinese copper consumption growth expectations, emphasizing potential volatility in the market over the next year and a half.
Source: YAHOO
Reported about 1 month ago
Eli Lilly has emerged as a dominant player in the GLP-1 weight-loss drug market, thanks to its established products Wegovy and Zepbound, which have seen skyrocketing sales growth. Roundhill Investments CEO Dave Mazza highlights Eli Lilly's decades-long experience in this sector and its proactive approach in making Zepbound more accessible. In contrast, he expresses skepticism towards Hims & Hers Health, suggesting the trend towards quality, FDA-approved drugs like Eli Lilly’s will dominate as supply difficulties from competitors ease.
Source: YAHOO
Reported about 1 month ago
The Drug Enforcement Administration (DEA) has scheduled a hearing for December 2, 2024, to consider reclassifying marijuana as a Schedule 1 drug, which will follow the upcoming presidential election. This announcement has prompted declines in cannabis stocks, including Curaleaf, Tilray, Green Thumb, Cresco Labs, and Verano Holdings.
Source: YAHOO
Reported about 1 month ago
Applied Nutrition, a UK-based sports nutrition company supported by JD Sports, is gearing up for an initial public offering (IPO) on the London Stock Exchange in Q4 2024. CEO Thomas Ryder has reported strong investor interest and positive meetings, with the company achieving £86 million in sales and a 42% increase year-over-year. The planned IPO could enhance London's recent lackluster first-time share offerings.
Source: YAHOO
Reported about 1 month ago
The Anaheim Ducks have announced a shift from Bally Sports to over-the-air television and a direct-to-consumer streaming service for their local broadcasts. Starting next season, 65 games will air on Fox 11 Plus, and fans can stream all games for free through Victory+. This change follows the expiration of their contract with Diamond Sports Group, reflecting a trend among NHL teams towards more accessible viewing options.
Source: YAHOO
Reported about 1 month ago
Investors are keenly awaiting Nvidia's second quarter earnings report, scheduled for release after market close on August 28. Analyst Patrick Moorhead highlights three crucial areas to focus on: the growth of Nvidia's enterprise business, the performance of system-level products versus GPUs, and updates on the Blackwell chip delays. The consensus among investors is that the concern lies not in whether the results will be positive, but in the degree of their positivity, as Nvidia's results could significantly influence market movements.
Source: YAHOO
Reported about 1 month ago
Living Not So Fabulously, a podcast from Yahoo Finance, explores financial issues relevant to the LGBTQ+ community by sharing stories from activists, artists, and experts. Hosted by David and John Auten-Schneider, the show addresses unique challenges faced by queer individuals, offering practical advice and insights to improve their financial well-being. New episodes air every Wednesday at 12 PM ET.
Source: YAHOO
Reported about 1 month ago
A potential strike by nearly 20,000 workers at India's major ports was averted after a new five-year contract was agreed upon, providing an 8.5% pay increase instead of the initially demanded 10.6%. Negotiations had been ongoing since 2021, and the strike was set to disrupt operations starting Wednesday. The ports handle significant cargo volumes, contributing to India's forecasted export growth for the fiscal year.
Source: YAHOO
Reported about 1 month ago
With Nvidia's second quarter earnings report approaching, Patrick Moorhead of Moor Insights & Strategy highlights AMD as its primary competitor, while also identifying major tech companies like Meta, Microsoft, Google, and Amazon as rising threats as they develop their own efficient chips, posing a challenge to Nvidia's dominance in the AI chip market.
Source: YAHOO
Reported about 1 month ago
The U.S. Commodity Futures Trading Commission has fined Swiss energy trader TOTSA TotalEnergies Trading SA $48 million for attempting to manipulate the market for European gasoline futures. The company was accused of flooding the market with low-priced gasoline while holding a short position, which aimed to profit from a decline in futures prices. The case underscores the regulatory body's commitment to maintaining market integrity and deterring misconduct.
Source: YAHOO
Reported about 1 month ago
Amidst rising expectations for an interest rate cut in September, strategist Kevin Mahn expresses frustration that Federal Reserve Chair Jerome Powell did not initiate a rate cut in July, arguing it would have been a timely decision. Mahn anticipates three 25-basis-point cuts ahead as the Fed aims to manage inflation without triggering a recession.
Source: YAHOO
Reported about 1 month ago
On August 27, 2024, the Dow Jones Industrial Average reached a new record high with a slight gain of 9 points, while the S&P 500 and Nasdaq both increased by 0.2%. However, the Russell 2000 index fell by 0.7%. The market was mixed, highlighted by a significant drop in the parent company of Paramount, following news of a bid abandonment. Year-to-date, major indexes showed strong gains, with the S&P 500 up 17.9% and the Nasdaq up 18.3%.
Source: YAHOO
Reported about 1 month ago
The NFL has voted to allow private equity firms to acquire up to 10% stakes in franchises, aiming to attract substantial investments and enhance team valuations. This significant change, approved with a 31-1 vote, enables institutional investors to partake in ownership, focusing on financial returns, unlike traditional ownership which was limited to friends or local celebrities. This shift, while providing alternative capital sources, aims to maintain the decision-making authority among the 32 controlling owners within the league.
Source: YAHOO
Reported about 1 month ago
As Nvidia prepares to report its second quarter earnings, analysts expect it to outperform market expectations, elevating its status as a central player in the AI ecosystem, much like Amazon in e-commerce. However, experts highlight other potential AI investments such as Digital Realty and Modine Manufacturing, indicating that opportunities exist beyond Nvidia in the expanding AI industry.
Source: YAHOO
Reported about 1 month ago
On August 27, 2024, US stocks experienced volatile trading, yet the Dow Jones Industrial Average achieved a new record closing just above the flatline as investors awaited Nvidia's upcoming earnings report, which is expected to greatly influence market sentiment. While the S&P 500 and Nasdaq also posted slight gains, uncertainty surrounded Nvidia's performance amid high expectations and broader market reactions to it, particularly in the semiconductor sector. Furthermore, the financial markets are bracing for crucial inflation data that could impact forthcoming interest rate decisions.
Source: YAHOO
Reported about 1 month ago
Nvidia is set to announce its second quarter earnings on August 28, which is expected to significantly impact the market. Other tech giants like Salesforce and CrowdStrike will also report, while retail companies, including Kohl’s and Abercrombie & Fitch, will reveal their quarterly results. Additionally, Federal Reserve officials will provide insights ahead of the upcoming PCE index reading.
Source: YAHOO
Reported about 1 month ago
Nordstrom experienced a rise in second-quarter revenue, attributed to its successful Anniversary Sale, which has led to an 11% increase in its stock price during after-hours trading. The company has adjusted its annual sales forecast upward amidst lingering inflation concerns affecting consumer spending patterns, particularly among lower-income shoppers. Total revenue reached $3.89 billion, slightly below analysts' expectations. Despite challenges, the upscale department store remains optimistic about its performance.
Source: YAHOO
Reported about 1 month ago
The article discusses the idea of a Freight Broker Simulator (FBS) video game, designed to cater to the freight broker industry, which currently lacks gaming representation. The proposed game would allow players to start as novice brokers aiming to become leading 3PLs by outmaneuvering competitors, building relationships, and managing various gameplay challenges. It also touches on current news about labor disputes affecting Canadian railroads and unique initiatives by companies like Union Pacific.
Source: YAHOO
Reported about 1 month ago
US stocks wrapped up Tuesday positively, with the Dow Jones Industrial Average reaching a new record high. Investors are now looking forward to Nvidia's upcoming second quarter earnings report scheduled for tomorrow.
Source: YAHOO
Reported about 1 month ago
Super Micro Computer Inc. experienced a drop in its stock price following a short-selling report by Hindenburg Research, which highlighted serious concerns over the company's accounting practices and undisclosed transactions. The stock fell as much as 8.7% but ended the day down 2.6%. Despite recent growth driven by demand in AI technologies, analysts suggest this report could lead to increased scrutiny of Super Micro's financial dealings and market behavior.
Source: YAHOO
Reported about 1 month ago
Paramount stock fell over 7% following the announcement of the end of its 'go-shop' period, as billionaire Edgar Bronfman Jr. exited the bid for the company. The move paves the way for Skydance Media to potentially acquire Paramount, a deal expected to close in 2025. This comes amid challenges facing Paramount, including significant financial write-downs and upcoming layoffs.
Source: YAHOO
Reported about 1 month ago
BMO Financial Group reported a disappointing earnings performance for the fiscal third quarter, leading to a decline in its stock price. Increased year-over-year credit loss provisions have prompted analysts from Jefferies to downgrade the stock to Hold. Analysts Josh Lipton and Seana Smith discuss the implications of these results.
Source: YAHOO