Category: stock
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GameStop stock soars over 70% as ‘Roaring Kitty’ revival reignites meme-stock bonanza
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GameStop (GME) stock rose as much as 110% on Monday before paring gains, stalling on volatility several times after “Roaring Kitty,” the one seen as the start of the meme stock craze during the pandemic. to publish Online for the first time since 2021. The stock topped $30 a share…
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Ibotta stock rises as Goldman Sachs, Citi assume coverage By Investing.com
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Goldman Sachs analysts initiated coverage of Ibotta (IBTA) with a Neutral rating and a 12-month price target of $103, saying they see the stock “positively benefiting from a number of long-term secular growth themes within our sector in both countries.” Digital and grocery advertising. “In the current market environment, we…
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GameStop Stock And Wolverine Memecoins Explode As Roaring Kitty Returns To The Spotlight
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GameStop, the video game retailer that took Wall Street by storm in 2021, is once again the talk of the town with its stock price soaring 100%. Fueling this rise is the return of social media influencer Keith “Roaring Kitty” Gill. After a long pause, Roaring Kitty Recent activity On…
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GameStop Stock And Wolverine Memecoins Explode As Roaring Kitty Returns To The Spotlight
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GameStop, the video game retailer that took Wall Street by storm in 2021, is once again the talk of the town with its stock price soaring 100%. Fueling this rise is the return of social media influencer Keith “Roaring Kitty” Gill. After a long pause, Roaring Kitty Recent activity On…
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US stock futures just higher; key inflation data, retail earnings due By Investing.com
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Investing.com — U.S. stock index futures rose on Monday, trading in tight ranges as caution set in ahead of key inflation data, due later this week, which will likely factor into interest rate expectations. At 06:20 EST (10:20 GMT), it rose 34 points, or 0.1%, rose 6 points, or 0.1%,…
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This Artificial Intelligence (AI) Cloud Stock Will Join Microsoft, Alphabet, and Amazon in the $1 Trillion Club
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Right now, there are only seven companies in the world that have scale Market value In excess of $1 trillion. These companies are ranked from largest to smallest Microsoft, apple, Nvidia, the alphabet, Amazon, Saudi Arabian OilAnd Meta platforms. The obvious theme here is that most of these companies operate…
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China to Nurture Stock Rally by Masking Live Foreign Flows Data
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(Bloomberg) — China is set to stop live broadcasts of foreign stock flows as early as Monday, the latest policy move to boost confidence by removing a potential source of negative data. Most read from Bloomberg The Shanghai and Shenzhen stock exchanges plan to stop displaying real-time figures on domestic…
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It’s Time to Buy the Dip in This Generational Growth Stock Opportunity
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Airbnb’s (Nasdaq: ABNB) The first quarter earnings report was fresh from the press on May 8. Despite strong impulses on the top and bottom lines, investors sold the stock the next day as Q2 guidance came up short. Shares lost 7%, a big one-day selloff for the travel leader. Revenue…
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SoftBank seen returning to loss in Q4 despite tech stock strength By Reuters
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(This May 10 story has been corrected to determine this arm is a subsidiary, but not a wholly-owned subsidiary, of SoftBank (TYO:) Group, per paragraph 3) Written by Anton Bridge TOKYO (Reuters) – Japanese technology investment group SoftBank Group is expected to dip back into the red when it reports…
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Meet the Stock-Split Stock That Makes Up 23% of Billionaire Bill Ackman’s $11 Billion Portfolio
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When it comes to hedge fund managers, Bill Ackman is in a class by himself. He etched his name in Wall Street history by bucking hedge fund norms, acquiring large stakes in a few companies, and holding them for the long term. Furthermore, as a well-known activist investor, he sometimes…
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Apple Is Reportedly Building Its Own AI Server Chip — Is This Bad News for Nvidia Stock Investors?
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In today’s video, I discuss recent impactful updates Nvidia (Nasdaq: NVDA). Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used are aftermarket prices on May 7, 2024. the The video has been posted On May 7, 2024. Should you invest…
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US stock futures move sideways with more Fedspeak, rate cues on tap By Investing.com
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Investing.com — U.S. stock index futures traded sideways in overnight trade Wednesday, as a recent rebound on Wall Street stalled after a series of Federal Reserve officials warned that interest rates will remain high for longer. This puts more Fed officials’ upcoming addresses on Thursday and Friday squarely into focus,…
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UR-Energy stock price target cut on first quarter performance By Investing.com
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On Wednesday, HC Wainwright revised its price target on shares of UR-Energy (NYSE:), a uranium mining company, to $3.30 from $3.40 previously, while maintaining a Buy rating on the stock. This change comes in the wake of the recent disclosure of the company’s financial performance for the first quarter of…
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Why Shopify Stock Tumbled Today
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shares Shopify (NYSE: STORE) The company caught fire today after the pricey e-commerce stock posted strong first-quarter results, beating estimates, but investors dismissed its second-quarter outlook. As a result, the stock was down 19.8% as of 10:39 a.m. ET on Wednesday. Image source: Getty Images. Shopify comes up short The…
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RingCentral (RNG) Shares Skyrocket, What You Need To Know By Stock Story
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What Happened: Shares of office and call center communications software provider RingCentral (NYSE:) jumped 15.7% in the post-market session after the company reported first-quarter results that beat analysts’ billings, revenue and EPS expectations. Gross margin improved and free cash flow was strong. Looking ahead, revenue guidance for the upcoming quarter…
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The meme stock surge doesn’t appear to be the ominous signal it has been
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This is the takeaway from today’s morning briefing, and what you can do subscription Received in your inbox every morning with: Meme stocks are making headlines again. Household names that captured investors’ imaginations in 2021 — like GameStop (GME) and AMC Entertainment (AMC) — are rising higher (and lower in…
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Beats On Revenue But Stock Drops By Stock Story
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Audio technology company Sonos (NASDAQ:) reported better-than-expected results in the first quarter of fiscal 2024, with revenue falling 16.9% year over year to $252.7 million. The company expects full-year revenues to be about $1.65 billion, in line with analyst estimates. It had a non-GAAP loss of $0.34 per share, down…
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Kosmos Energy stock gains as Q1 earnings top estimates By Investing.com
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Dallas – COSMOS ENERGY LIMITED . (NYSE:) reported earnings beat for the first quarter of 2024, with adjusted earnings per share (EPS) coming in at $0.21, beating analysts’ expectations by $0.04. However, the company’s revenue of $419.1 million was below the consensus estimate of $422.68 million. Despite the slight shortfall…
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Matterport (NASDAQ:MTTR) Reports Q1 In Line With Expectations, To Be Acquired By Stock Story
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Real estate-focused virtual reality platform Matterport (NASDAQ:) reported results in line with analyst expectations in the first quarter of fiscal 2024, with revenue rising 4.9% year over year to $39.87 million. It had a non-GAAP loss of $0.01 per share, improving from its loss of $0.07 per share in the…
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Stock market today: Asian shares track Wall St’s advance fueled by cooler jobs data
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Breadcrumb links BMN Business Article writer: Associated Press Zimo Zhong Published on May 6, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content Most Asian stocks rose on Monday after Wall Street ended last…