Reported 26 days ago
First Majestic Silver Corp. (NYSE:AG) experiences a significant gain as its stock price rose by 3.39% to $8.55, driven by silver prices reaching an all-time high of $37.10 per troy ounce. The company has expanded its mining operations with the discovery of the Santo Nino silver-gold deposit and increased production at the Navidad site, bringing the total number of active production sites to four amid a backdrop of rising investor interest in precious metals due to geopolitical tensions.
Source: YAHOO
Reported 26 days ago
Cleveland-Cliffs Inc. (CLF) experienced a 4.92% increase in its stock price, closing at $7.67, following President Trump's announcement to maintain tariffs on UK steel imports. This decision, made during the G7 summit, is aimed at negotiating guarantees concerning the Port Talbot steel plant. The imposition of duties enhances the competitiveness of domestic manufacturers like Cleveland-Cliffs, potentially increasing demand for their products while shielding them from international competition.
Source: YAHOO
Reported 26 days ago
Bath & Body Works (BBWI) shares increased by 5.03% to close at $27.13, buoyed by improved global trade relations, particularly between the US and China after a new trade deal was announced. Despite earlier forecasts of lower annual sales amid trade tensions, investors remain optimistic about BBWI's potential for future growth.
Source: YAHOO
Reported 26 days ago
Remitly Global, Inc. (NASDAQ: RELY) experienced a 5.68% rise in share price to $20.64 after the US Senate proposed changes to eliminate taxes on remittances, which raised optimism for increased digital money transfers. This follows a previously proposed 3.5% tax under the 'One Big, Beautiful Bill Act' that would have burdened immigrants sending money home. Remitly also reported a turnaround to a net income of $11.35 million for the first quarter, alongside a 34% increase in revenue.
Source: YAHOO
Reported 26 days ago
Reddit Inc. (NYSE:RDDT) experienced a 6.05% increase in stock value, closing at $133.84 per share, following the launch of its new AI-powered feature, Reddit Community Intelligence. This feature aims to enhance advertising tools and leverage insights from billions of conversations on the platform, providing marketers with valuable real-time data for campaign planning.
Source: YAHOO
Reported 26 days ago
PBF Energy Inc. saw a 6.6% increase in shares, closing at $24.39, amid a rise in oil prices driven by ongoing geopolitical tensions, particularly between Israel and Iran. This surge follows a Fed decision to keep interest rates unchanged while anticipating two cuts for the year. Despite a net loss reported for the first quarter, PBF Energy is projecting significant cost savings and robust capital expenditures in the coming years, indicating a proactive approach despite market challenges.
Source: YAHOO
Reported 26 days ago
Oscar Health, Inc. (NYSE:OSCR) experienced a 7.76% rise in its stock price, closing at $16.11, after lawmakers proposed a new version of Medicare that would enable voluntary enrollment for individuals and employers. This proposed measure includes a self-funded ‘Part E’ Medicare plan, which would be available alongside private insurance across all states. Additionally, Oscar Health reported a 55% increase in net income and a 42% growth in revenues compared to the previous year.
Source: YAHOO
Reported 26 days ago
CoreWeave, Inc. (NASDAQ:CRWV) experienced an 8.47% surge to an all-time high of $171.93, fueled by growing investor interest in artificial intelligence. The company achieved record results using Nvidia's Grace Blackwell chips and reported that its submission was 34 times larger than any other from a cloud provider. With a $7 billion deal to enhance its AI infrastructure, CoreWeave continues to reinforce its leadership in the AI sector, attracting attention from AI labs and enterprises seeking reliable cloud solutions.
Source: YAHOO
Reported 26 days ago
Jabil Inc. (NYSE:JBL) saw an 8.89% increase in its stock price, closing at $196.89, following the announcement of a $500 million investment to expand its cloud and AI data center infrastructure in the US. CEO Mike Dastoor remarked that this initiative is crucial for diversifying Jabil's portfolio and enhancing its US operations, which includes 30 facilities dedicated to automation, robotics, and process optimization.
Source: YAHOO
Reported 26 days ago
PureCycle Technologies, Inc. (NASDAQ:PCT) experienced an 18.96% jump in stock price to $14.12 after successfully raising $300 million through convertible preferred stock. The funds will support the company's goal of adding one billion pounds of recycling capacity before 2030 across multiple regions, reflecting its commitment to environmental sustainability. PureCycle's CEO expressed gratitude towards the investors for their support in advancing the company’s growth plans.
Source: YAHOO
Reported 26 days ago
Source: YAHOO
Reported 26 days ago
Source: YAHOO
Reported 26 days ago
Crumbl, a chain known for its oversized cookies, has gained significant popularity, particularly among younger customers influenced by social media. With over 1,100 locations and a sharp increase in sales from $396 million in 2021 to over $1.2 billion in 2024, Wall Street is taking notice, as private equity firms invest in the brand. Crumbl's unique marketing strategy, featuring limited-time flavors, has cultivated a dedicated fan base, elevating the brand's status in the competitive snack market despite challenges in the sweets industry.
Source: YAHOO
Reported 26 days ago
In a recent episode of Trader Talk, host Kenny Polcari discusses with Steve Sosnick, chief strategist at Interactive Brokers, why it's never too late to start investing. They emphasize a disciplined investment strategy focused on risk management and capital preservation, particularly for those who start investing later in life. Key recommendations include prioritizing high-quality dividend stocks and diverse ETFs while ensuring a thorough understanding of personal risk tolerance. They also touched on the role of AI and algorithmic trading in today's market and shared insights on responsible options usage to enhance income.
Source: YAHOO
Reported 26 days ago
This article presents two bearish options strategies for traders looking to capitalize on declining stock prices. It discusses a Bear Call Spread on Adobe (ADBE), detailing a trade that involves selling a $405 call and buying a $415 call. Additionally, it outlines a Bear Put Spread for Merck (MRK), where traders buy a $90 put and sell a $65 put, highlighting potential profits and losses for each strategy. Investors are reminded to manage risks and consult with financial advisors before trading.
Source: YAHOO
Reported 26 days ago
CoreWeave (CRWV), which has quickly gained attention in the AI sector since its IPO, saw its stock price surge dramatically, driven by strong performance and strategic partnerships, particularly with Nvidia. However, analysts from Bank of America have downgraded the stock, citing concerns over its high valuation despite impressive revenue growth and future outlook. While some analysts express caution, the overall sentiment remains optimistic, suggesting that long-term investors may benefit from holding onto the stock.
Source: YAHOO
Reported 26 days ago
Airbus announced $21 billion in aircraft orders at the Paris Air Show, including a notable agreement with Taiwan's Starlux Airlines for 10 long-haul jets. While the company expressed optimism about rising demand and hinted at potential higher dividends, discussions around a significant deal with AirAsia for up to 170 jets stalled as the airline focuses on restructuring. Rival Boeing refrained from announcing new sales after the recent crash of an Air India jet.
Source: YAHOO
Reported 26 days ago
As the U.S. Federal Reserve prepares for a policy decision, oil prices are experiencing volatility due to the ongoing Israel-Iran conflict, although they remain contained below $75 per barrel. Markets are weighing potential supply disruptions against the Fed's expected interest rate indications. Global energy dynamics and investor positioning are being influenced by heightened tensions, with central banks reportedly reducing their exposure to U.S. securities amidst ongoing discussions about 'de-dollarization'.
Source: YAHOO