Given the past week's rebound in the market, S3 has mostly observed short covering in the group, where investors buy back stock to limit their losses. "We have seen some squeeze related short covering in NVDA which was partially offset with increased short selling in MSFT, AAPL and META,"...
In corporate news, software companySnowflakedropped 14.7% as rising costs hit its operating margins. Despite this, the company beat quarterly expectations and slightly raised its full-year product revenue forecast.Urban Outfittersslid 9.6% after disappointing second-quarter same-store sales growth. Clari...
Breaking News09:40 AM, October 18, 2022 Dow rockets, Goldman Sachs, Salesforce lead gains SymbolPriceChange%Change GS$306.716.722.24 CRM$147.184.963.49 Dow Jones Averages. $ 30827.94 U.S. stocks rallied for a second straight session, despite recession fears, as investors celebrated more solid...
U.S. stocks rallied across the board as investors celebrated solid earnings from the likes of JPMorgan which is benefiting from higher interest rates. Deal news also helped sentiment withKroger buying Albertson’s in a $24 billiongrocer tie-up. In commodities, oil fell 2% to the $87 per ba...
The stocks that are doing the best in Tuesday's stock market washout are not the most prominent businesses that have led to the upside this year. They are the ones that keep the lights on and the pantry full. The S&P 500 Energy Index is ahead 0.5% on Tuesday and more than 1.3% highe...
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The news comes amid a period of intense scrutiny for the company after the fallout from the midflightAlaska Airlines accidenton a 737 Max 9. The stock is down 21% in 2024. — Hakyung Kim Mon, Feb 5 20241:13 PM EST Markets suffer broad decline Monday but Nasdaq rebounding a little bett...
TD Cowen upgraded Occidental to outperform from market perform following the news. On top of Occidental's strong fundamentals, the Wall Street firm said the "captive buying support from Berkshire Hathaway" is a catalyst for the stock. — Yun Li ...