Check out the companies making headlines in premarket trading: CrowdStrike — Shares of the cloud security platform ticked up about 2% following an upgrade to buy from HSBC. Analyst Stephen Bersey asserted that “the bad news is behind us” on CrowdStrike stock regarding the mid-July outage tied to a software update. Lululemon — The athleisure stock advanced 4.5% after following an earnings beat. Lululemon reported $3.15 earnings per share in the second quarter, topping an LSEG estimate of $2.93 per share. To be sure, revenue of $2.37 billion fell below a consensus of $2.41 billion. The company also lowered its…
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A Gap store in New York, US, on Monday, May 27, 2024. Stephanie Keith | Bloomberg | Getty ImagesGap raised its full-year profit outlook on Thursday after seeing better-than-expected results at its largest brand, Old Navy.The apparel company’s fiscal second quarter results were released earlier than planned after the company “inadvertently” posted them to its website and then removed them, a Gap spokesperson told CNBC.”As soon as the error was caught, we notified the NYSE and trading of our stock was halted temporarily,” the spokesperson said, adding the results were posted “as a result of administrative error.”Gap’s stock was halted just before…
Traders work on the floor of the New York Stock Exchange during morning trading on August 23, 2024 in New York City. Michael M. Santiago | Getty ImagesStocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.Here’s what CNBC TV’s producers were watching during Thursday’s trading and what’s on the radar for Friday’s session.Marvell TechnologyThe tech earnings parade rolled along on Thursday with Marvell Technology.The stock is up about 8% after hours after Marvell reported better-than-expected revenue in the latest…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailGerald Storch, Storch Advisors CEO, Fmr. Toys “R” Us CEO, Former Target Vice Chair, joins ‘Fast Money’ to talk what’s ahead for the consumer based on recent retail earnings and data.05:34Wed, Aug 28 20246:14 PM EDT Source link
August was an emotional roller coaster for investors. Some investors bravely took advantage of a brief buying opportunity after a historic volatility surge earlier in the month. As the S & P 500 now sits less than 1% away from its all-time high established in July, I anticipate a September slowdown and the SPDR S & P 500 ETF (SPY) to be range bound. Hedging at the current elevated level in the S & P 500 will mitigate downside risk while seeking to produce profits if history delivers another soft September. (Note this earlier CNBC Pro piece on weak Septembers.)…
The Good Brigade | Digitalvision | Getty ImagesTax breaks worth trillions of dollars are scheduled to expire after 2025 without extension from Congress — including a hefty deduction for millions of self-employed filers and business owners. Enacted by former President Donald Trump, the Tax Cuts and Jobs Act of 2017 created the qualified business income deduction, or QBI, which is worth up to 20% of eligible revenue, subject to limitations.The temporary deduction applies to so-called pass-through businesses, which report income at the individual level, such as sole proprietors, partnerships and S-corporations, along with some trusts and estates. “The hope is that this…
The Twitter logo is displayed on a smartphone screen and on a computer screen in Athens, Greece, on April 20, 2024. Nurphoto | Nurphoto | Getty ImagesA federal judge in Texas has ruled against Media Matters and its request to dismiss a lawsuit filed by Elon Musk’s X.Because of U.S. District Judge Reed O’Connor’s decision on Thursday, X’s lawsuit against the nonprofit media watchdog and two of its staff members will proceed to trial on April 7.X, formerly known as Twitter, originally filed the suit in November after Media Matters published a report showing that hateful content on the platform appeared…
BERLIN, GERMANY – SEPTEMBER 04: The Delivery Hero office photographed on September 04, 2020 in Berlin, Germany. (Photo by Jeremy Moeller/Getty Images)Jeremy Moeller | Getty Images Entertainment | Getty ImagesEuropean food delivery firm Delivery Hero says it plans to spin off its Middle East business Talabat and float it on the Dubai stock exchange later this year.In a brief statement Thursday, Delivery Hero said that it is “preparing a listing of its Talabat business on the Dubai Financial Market” in the fourth quarter.”A listing may be pursued through a secondary sale of shares by Delivery Hero which would retain the…
TOPSHOT – The photo taken on August 1, 2024 shows a general view of the driver’s seat and controls of a driverless robotaxi autonomous vehicle developed as part of tech giant Baidu’s Apollo Go self-driving project, in Wuhan, in central China’s Hubei province. Turning heads as they cruise past office buildings and malls, driverless taxis are slowly spreading through Chinese cities, prompting both wariness and wonder. (Photo by Pedro PARDO / AFP) / To go with: CHINA-TECHNOLOGY-AUTOMOTIVE, FOCUS by Jing Xuan TENG (Photo by PEDRO PARDO/AFP via Getty Images)Pedro Pardo | Afp | Getty ImagesChina’s robotaxi push is sparking job…
Vice President Kamala Harris, left, and former President Donald TrumpReutersConsumers who cut their cable cord in recent years are finding that there’s one thing about linear TV they can’t escape: political ads.With the U.S. presidential election less than 70 days away, campaigns are swarming streaming services like Roku and Hulu to such a degree that connected TVs are seeing more ad spending than internet platforms such as Facebook and Google.That’s according to data provided to CNBC by political ad analytics firm AdImpact, which started tracking the connected TV (CTV) category in 2022. AdImpact projected that the CTV market brought in…
