Stocks including Wingstop , Arista Networks and Shopify that are due to report next week have a track record of beating Wall Street’s earnings estimates and outperforming on the next trading day. The third-quarter earnings season is barely slowing down, with 129 companies in the S & P 500 — or just over a quarter of the index — on the docket to post results next week. Chipmakers AMD , Qualcomm and Arm Holdings will headline the week, but there will also be a notable showing from restaurants such as McDonald’s and other consumer-facing businesses. Stocks often enjoy a post-earnings…
Author: usaeverydaylife
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty ImagesReddit reported third-quarter earnings on Thursday in which the company beat on the top and bottom and provided strong guidance.Shares were up more than 5% in after-hours trading on Thursday.Here’s how the company did compared with LSEG estimates:Earnings per share: 80 cents vs. 51 cents expectedRevenue: $585 million vs. $546 million expectedReddit’s sales jumped 68% year-over-year in…
FILE PHOTO: Britain’s Prince Andrew leaves Westminster Abbey following the coronation ceremony of Britain’s King Charles and Queen Camilla, in London, Britain May 6, 2023. Toby Melville | ReutersBritain’s King Charles has stripped his younger brother Andrew of his title of prince and forced him out of his home by Windsor Castle, Buckingham Palace said on Thursday, punishing him over his ties to the late sex offender Jeffrey Epstein.Andrew, 65, the younger brother of Charles and second son of the late Queen Elizabeth, has come under mounting pressure over his behavior and ties to Epstein and earlier this month he…
Apple reported fiscal-fourth quarter earnings on Thursday that beat analyst expectations, and provided a strong forecast for the company’s December quarter. Shares of the iPhone maker were flat in extended trading.Here’s how the iPhone maker did versus LSEG consensus estimates for the quarter ending September 27: EPS: $1.85 vs. $1.77 estimated Revenue: $102.47 billion vs. $102.24 billion estimated Here’s how Apple’s main business lines did versus consensus estimates: iPhone revenue: $49.03 billion vs. $50.19 billion estimated Mac revenue: $8.73 billion vs. $8.59 billion estimated iPad revenue: $6.95 billion vs. $6.98 billion estimated Other Products revenue: $9.01 billion vs. $8.49 billion estimated Services revenue: $28.75 billion vs. $28.17 billion estimated…
It’s been a stellar few months for shares of San Francisco-based biotech company Rigel Pharmaceuticals, which has approved treatments for rheumatology and oncology — as well as potential new drugs in the pipeline.The stock has jumped about 50% in just the last three months, earning it a spot on CNBC’s list of top performing stocks of companies based in the City by the Bay. To find the stocks, CNBC screened for names based in the area that had market caps above $500 million. We then screened for the top performers over the last three months via FactSet.”We have a business…
Wall Street is optimistic that Olema Pharmaceutical could be developing the next major breakthrough breast cancer treatment.Earlier this month, the company announced promising clinical data for its lead candidate palazestrant, an oral medication that is being evaluated in several trials for estrogen receptor-positive, or ER+, breast cancer.Shares of the clinical-stage biopharmaceutical company are up about 50% this year, and more than 70% over the past three months. Analysts polled by FactSet see plenty of upside ahead for Olema. Their average price target of $23.71 per share suggests the stock could skyrocket about 164% from its last closing price. Olema was included…
U.S. President Donald Trump prepares to greet Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. Andrew Harnik | Getty ImagesAmerican shippers were already unhappy about their business outlook after President Donald Trump imposed steep new tariffs on China in April.And they were not feeling much happier on Thursday, even after Trump announced a new trade truce with Chinese President Xi Jinping.The consensus among U.S. shippers and logistics managers is that the deal is largely rhetoric and that it does not change the substance of the disagreements on…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 and Nasdaq were dragged down Thursday on post-earnings slumps from Club holdings Meta Platforms and Microsoft. While both reported better-than-expected quarters, Wall Street was worried about their increased forecasts on artificial intelligence spending. Shares of Meta and Microsoft were down 10% and 3%, respectively. This comes one day after the Federal Reserve announced a widely expected interest rate cut for the second time this year.…
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Oct. 29, 2025. Al Drago | Bloomberg | Getty ImagesFederal Reserve Chair Jerome Powell faces if not the most difficult challenge of his time in office at least the trickiest in his final months as head of the all-powerful U.S. central bank.Fresh off his surprisingly tough talk Wednesday on the potential for another interest rate cut in December, Powell will have to steer his way through a suddenly contentious atmosphere among policymakers that will…
While the financial sector as a whole has been underperforming the S & P 500 off the April 2025 low, a number of money center banks have managed to display fairly constructive technical profiles in recent weeks. Today, we’ll break down the technical case for Bank Of America (BAC) , with this latest breakout perhaps signaling the beginning of a new impulse move higher. On the daily chart, we can observe two major consolidation patterns off the April low. First, there was a classic bull flag pattern in July and August, with a short-term countertrend pattern of lower highs and lower…
