A strategist who anticipated the 2023 rally says he expects stocks to go nowhere for the rest of the year, while potentially struggling in 2024 as well, as corporate earnings growth fails to live up to Wall Street’s overly optimistic expectations. Barry Bannister, an equity strategist at Stifel, said in …
Devamını oku »Plug Power posts swelling losses, and its stock is losing juice
Shares of Plug Power Inc. were falling in Wednesday’s extended session after the alternative-energy company saw its losses for the second quarter swell more than Wall Street was anticipating. The company notched a net loss of $236.4 million, or 40 cents a share, compared with a loss of $173.3 million, …
Devamını oku »Trading in risky ‘0DTE’ stock options hits record and could spark a stock-market selloff, strategists say
Trading in stock options with extremely limited lifespans is surging to record highs just as the 2023 U.S. stock-market rally is showing signs of stalling. While in the past this this trade has been associated with subdued volatility in markets, some option-market experts fear the resurgence could set the stage …
Devamını oku »Rivian stock sinks after solid quarter as Wall Street is ‘torn’ about the EV maker
Praise for Rivian Automotive Inc.’s better-than-expected quarterly results failed to boost the EV maker’s stock on Wednesday, with most analysts keeping their cautious view on the company and on the direction of the stock in the near term. Rivian’s shares RIVN, -8.51% dropped more than 9% on Wednesday, a day …
Devamını oku »Marqeta scores long-awaited Cash App renewal, and its stock is surging
Marqeta Inc. addressed a key investor concern Tuesday as it announced a four-year renewal of its contract with Block Inc. alongside its latest earnings. The company has extended its deal with Block SQ, -2.55% to power the Cash App debit card through June 2027, Marqeta MQ, -1.00% said in a …
Devamını oku »Super Micro’s stock drops nearly 10% as AI server maker’s outlook comes in light
Super Micro Computer Inc. shares fell in the extended session Tuesday after the server company with AI sales forecast a weak outlook considering an expected spending surge to support artificial-intelligence technology. For the first quarter, Super Micro estimates adjusted earnings of $2.75 to $3.50 on revenue of $1.9 billion to …
Devamını oku »Upstart stock sinks as tough lending landscape drives downbeat earnings outlook
Upstart Holdings Inc. has struggled to contend with a tougher lending environment, and the company indicated Tuesday that its challenges are expected to continue. The financial-technology company, which uses artificial intelligence to inform lending decisions, delivered a lower-than-expected forecast for the current quarter, as Chief Executive David Girouard called out …
Devamını oku »ZipRecruiter stock drops more than 12% as company warns of softer hiring
Shares of ZipRecruiter Inc. dropped more than 12% in the aftermarket Tuesday after the job-posting site reported quarterly earnings above expectations but said employers are more reluctant to pay for job ads and the number of job openings has dwindled. ZipRecruiter ZIP, +1.93% earned $14.4 million, or 14 cents a …
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