I recently laid out a bullish thesis for Gilead Sciences (GILD) , and that trade just expired on Friday with a 144% gain. The bullish debit vertical spread successfully captured the upside to a new 52-week high as sentiment improved around Gilead’s strengthening HIV franchise and expanding oncology portfolio. I’m looking to roll our profits into a new bullish position to capitalize on this momentum and position for what could evolve into a “home run” trade if the bullish trend persists for GILD. Trade timing & outlook Breakout confirmation: The breakout above the major $120 resistance signals the start of a new bullish trend. Momentum:…
Author: usaeverydaylife
Airbnb CEO Brian Chesky said he wants to integrate ChatGPT artificial intelligence capabilities into the travel platform but the software isn’t ready.”The [software development kit] wasn’t quite robust enough for the things we want to do,” he told CNBC’s “Squawk Box” on Wednesday. Chesky said the company would “probably” want to integrate ChatGPT eventually. Airbnb on Tuesday launched a series of new social features, such as direct messaging, to its platform. The update also included a personalized version of the company’s chatbot launched earlier this year that can cancel and change reservations for users in North America.In an interview with…
Warner Bros. Discovery has rejected three Paramount Skydance takeover offers as it fields broad buyout interest, CNBC’s David Faber reported Wednesday, citing sources.Paramount’s last offer was for just under $24 per share and was comprised of 80% cash, according to Faber, who previously reported a bid could come in at between $22 and $24 per share.Reuters on Tuesday reported WBD had rejected a bid for nearly $24 per share.WBD said on Tuesday it had received “unsolicited interest” from multiple parties and that it would expand its strategic review process to review all bids. At the same time, the company is…
Here are Wednesday’s biggest calls on Wall Street: Bank of America reiterates Netflix as buy The firm said it’s sticking with the stock following earnings on Tuesday. “In our view, Netflix shares will be fueled by continued positive subscriber and earnings momentum in addition to evolving advertising and live opportunities.” Read more. Wells Fargo initiates Affirm, Mastercard, Visa and Toast. The firm initiated a slew of payment and fintech stocks and says it sees many secular tailwinds. “The Payments sector has been a minefield for investors, but we see particularly attractive opportunities in five Overweight-rated stocks we are dubbing the…
The ‘Fast Money’ traders talk about the risk appetite in the market and more. Source link
Traders work on the floor of the New York Stock Exchange (NYSE) on Oct. 20, 2025 in New York City. Spencer Platt | Getty ImagesStocks fell slightly on Wednesday as traders assessed the latest batch of corporate earnings.The Dow Jones Industrial Average traded 92 points lower, or 0.2%. The S&P 500 fell 0.1%, while the Nasdaq Composite shed 0.4%.Netflix shares slumped 8% after the company posted an earnings miss, while Intuitive Surgical shares rallied 15% on the back of its strong earnings and revenue results.The Dow is coming off a record-setting session, briefly topping 47,000 on Tuesday, thanks to strong…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBrian Chesky, Airbnb co-founder and CEO, joins ‘Squawk Box’ to discuss the rollout of new product updates, AI-powered customer service, integrating AI, state of travel, and more. Source link
The Argentine peso reached fresh lows on Wednesday as political uncertainty failed to offset the impact of an an “unprecedented” billion-dollar support package from U.S. The currency reached its lowest level since the U.S. began purchasing it on Oct. 9, and has consistently fallen since then. The purchases are part of an effort from the U.S. to stabilize the Latin American country’s depreciating currency ahead of Oct. 26 midterm elections faced by Argentina’s President Javier Milei — an ally of U.S. president Donald Trump. ARS= 1M line U.S. dollar/Argentine peso spot rate The two countries also signed a $20 billion currency…
Cfoto | Future Publishing | Getty ImagesBeyond Meat rallied for a third straight day Wednesday as meme traders jump on the stock.The food company known for its plant-based burgers and sausages surged 111% at one point in the premarket Wednesday. It last traded above $6.43 per share in extended trading, up 77%, after closing Tuesday at $3.62.It’s the latest in an extraordinary week for the stock. On Monday, the stock rallied more than 127% after Roundhill Investments, which develops thematic ETFs, added the name to its Roundhill Meme Stock ETF (MEME).That decision appeared to have the added effect of driving…
Deutsche Bank believes that AppLovin could extend its reign of dominance going forward. Analyst Benjamin Black initiated the mobile advertising stock at a buy rating and price target of $705, which implies an upside of 28% ahead for the stock. Shares of AppLovin have surged 71% this year and rose 1.4% in premarket trading Wednesday. APP YTD mountain APP YTD chart As a catalyst, Black pointed to AppLovin’s position as the dominant player within the mobile games’ user acquisition advertising space, adding that its moat has grown increasingly deep. He noted that the company currently has about 80% market share…
