Microsoft, Alphabet, Visa, Snap, Texas Instruments, CoStar Group, and Stride were the companies grabbing attention in extended trading. Shares of Microsoft surged by over 3% after the tech giant reported its fiscal first-quarter results, surpassing analysts’ expectations. The company’s earnings per share stood at $2.99 on $56.52 billion in revenue, outperforming forecasts of EPS at…
Check out the companies making headlines before the bell. General Motors, the automaker, saw its shares rise by more than 1% in premarket trading after posting third-quarter earnings and revenue that exceeded analyst expectations. However, GM did withdraw its full-year outlook due to rising costs from the United Auto Workers union strikes. Despite Spotify’s third-quarter…
Shares of Redfin surged 12% in extended trading after the company announced a major financial commitment. According to a filing with the U.S. Securities and Exchange Commission, funds managed by Apollo Capital and its affiliates have agreed to provide up to $250 million in financing to the real estate brokerage through a loan. This deal…
Chevron’s Stock Moves: Another Mega-Merger in the Energy Sector Announced Chevron’s recent stock moves have drawn attention from industry experts, including Jim Cramer, as yet another massive merger in the energy sector was unveiled on Monday. Chevron is set to acquire Hess in an all-stock deal valued at $53 billion, just weeks after Exxon Mobil’s…
Shares of medical device provider AtriCure are a lucrative investment opportunity, according to JMP Securities. Analyst Daniel Stauder initiated coverage of the stock with an outperform rating and a price target of $60, suggesting that the shares could increase by almost 70%. Stauder stated that AtriCure is the leading player in treating complex forms of…
Chevron and Hess are making headlines as Chevron announced its plan to acquire smaller rival Hess in an all-stock deal worth $53 billion. This deal, valued at $171 a share, caused Chevron shares to drop more than 2%, while Hess shares saw a slight increase. In other news, Apple experienced a 1.5% decrease in its…
Stock futures rose on Sunday night as traders awaited the release of corporate earnings from major tech companies. Futures tied to the Dow Jones Industrial Average increased by 0.18%, while S&P 500 futures and Nasdaq 100 futures climbed by 0.23% and 0.15% respectively. These gains came after a challenging week for stocks, with concerns over…
Cathie Wood, the CEO and Chief Investment Officer of Ark Invest, revealed that the most common question on their website is why their strategies cannot be purchased in Europe. In an interview with CNBC’s “ETF Edge,” Wood stated that the demand for Ark’s research strategies from Europe accounts for approximately 25% of the total demand….
Amazon Faces Investor Reaction Ahead of Earnings Report Investors and analysts are closely watching Amazon as the e-commerce giant prepares to release its earnings report next Thursday. Market Movers, a leading platform for financial research, recently gathered the latest reactions from experts in the industry. The Nasdaq Composite, dominated by tech stocks like Amazon, experienced…
Schlumberger, American Express, Merck, and Solar stocks are among the companies making headlines in midday trading. Schlumberger’s stock dropped 2% after reporting third-quarter revenue that missed Wall Street expectations. Although the company reported earnings per share of 78 cents, beating the analyst forecast by 1 cent, its revenue of $8.31 billion fell short of the…
