NFLX
The streaming giant’s shares are up 4% in the morning trading session after an analyst upgraded the company’s share to a buy. Wall Street has recently started becoming more bullish on the company after its post-pandemic induced drawdown in share price. Analysts are also more optimistic about Netflix’s new advertisement tier offering.
ADBE
The application software company’s shares were down as much as 15% after it reported that it would be paying $20 billion to purchase design-collaboration company Figma. The company also reported its third quarter results which broadly beat expectations but provided a light fourth quarter revenue outlook. Investors were concerned by the high price Adobe would be paying for Figma, especially given the pull-back in technology company valuations.
VOD
Vodafone Group shares were jumping by as much as 5% after Bloomberg reported that private equity firms were competing for a stake in the company’s wireless towers unit. KKR and Global Infrastructure Partners were vying for the high cash-generating business of cell-phone towers that provide predictable and consistent profits. European telecom companies have been selling off infrastructure assets such as towers to fund costly fiber-optic and wireless network rollouts.
HUM
Humana, the managed health-care company, was the biggest gainer in the S&P 500 in the morning trading session as shares soared by 9% after the company boosted its adjusted earnings per share guidance for fiscal year 2023 and introduced an aggressive target for fiscal 2025. The company now expects to earn around $25 per share in the current year as the pandemic induced headwinds dissipate. The company also plans to earn $37 per share, an increase of almost 50% in 2 years, by 2025.
SHEL
The oil and gas giant’s shares were off by 2% after Chief Executive Officer Ben van Beurden announced that he would retire by year-end and would be replaced by the head of the company’s renewables business, Wael Sawan. Energy stocks were down across the board as well after Brent crude declined by 4% on worries of the weakening macro-economic picture and strengthening U.S. dollar. Natural gas futures were also trading down sharply.
This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
Featured CoursesRecent news
CoreWeave Stock Sinks 6.4%: Is Its Debt Killing AI Growth?
CoreWeave delivered a strong top-line quarter. The guidance that followed sent the stock sharply lower. Shares fell 6.4% in premarket trading Friday after the AI cloud company posted first-quarter revenue that beat expectations but issued a second-quarter profit outlook that fell well short of what Wall Street was looking for. Here is what the numbers […]
Cloudflare Stock Sinks 18% on 1,100 Layoffs Despite Earnings Beat
Cloudflare just delivered one of its strongest quarters on record. Investors sold the stock anyway. Shares dropped roughly 18% in extended trading Thursday after the company announced it was cutting approximately 1,100 employees, about 20% of its global workforce, even as first-quarter results cleared Wall Street expectations on every major metric. Here is what the […]
Is Nvidia’s IREN Deal Genius or a Red Flag?
Nvidia’s investment playbook is drawing scrutiny and pushing its stock higher at the same time. Shares climbed 1.2% in premarket trading Friday after the chipmaker announced an AI infrastructure partnership with IREN. Critics call the deal circular. Analysts call it smart. The agreement puts five gigawatts of AI infrastructure across IREN’s data centers. Nvidia gets […]
Trade with fewer limits
Day trade with fewer limits at fast speed. Buy stocks and ETFs at low fees.