Large-cap biotech Regeneron Pharmaceuticals is judged to be in the throes of a “bearish-to-bullish” reversal, with the prospective completion of the bottoming-out process implying a move to the $750+/- level … some 15% higher than where the stock is trading at present. We’re buyers here. The four identical charts tell the tale. DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT…
Author: usaeverydaylife
US President Donald Trump (R) speaks during a meeting with Australia’s Prime Minister Anthony Albanese in the Cabinet Room at the White House in Washington, DC, on Oct. 20, 2025. Saul Loeb | AFP | Getty ImagesA federal judge in Rhode Island on Friday blocked the Trump administration from ceasing to pay SNAP benefits during the U.S. government shutdown.The oral ruling by Judge Jack McConnell came a day before the administration was set to cut off those food stamp benefits from 42 million Americans.A Justice Department lawyer argued during a hearing that the SNAP program did not exist anymore because…
Thomas Fuller | Sopa Images | Lightrocket | Getty ImagesAffirm is expanding its partnership with New York Life Insurance, a move that highlights how traditional financial giants are deepening their exposure to fintech-driven consumer lending.Under the new agreement, New York Life will purchase up to $750 million worth of Affirm’s installment loans through 2026, giving the payments company fresh off-balance-sheet funding to support roughly $1.75 billion in annual loan volume.The deal extends a relationship that began in 2023, when New York Life first started investing in Affirm’s asset-backed securities and other loan structures.To date, the insurer has funneled nearly $2…
These are some of the stocks posting the largest moves midday. Source link
Darren Woods, chairman and chief executive officer Exxon Mobil Corp., speaks during a panel discussion at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University in Pittsburgh, Pennsylvania, US, on July 15, 2025. Brian Kaiser | Bloomberg | Getty ImagesExxon Mobil is holding advanced talks with power providers and technology companies to cut the emissions of AI data centers that rely on natural gas by deploying carbon capture technology, CEO Darren Woods said on Friday.”I’m hopeful that many of these hyperscalers are sincere when they talk about the desire to have low emission facilities, because certainly in the…
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’s stock popped more than 12% Friday after the company surpassed third-quarter estimates and signaled strong advertising growth.The social media platform’s revenues surged 68% from a year ago to $585 million, beating an LSEG estimate of $546 million. Earnings per share totaled 80 cents, surpassing an estimate of 51 cents.Reddit also released a better-than-expected sales…
It was not surprising that Amazon shares surged on Friday morning after the company’s “show me” quarter proved to be a “show of major force” from CEO Andy Jassy, according to CNBC’s Jim Cramer. Amazon reported third-quarter results Thursday evening that reignited investor enthusiasm in its cloud business, Amazon Web Services, the biggest in the world. The stock hit an all-time high of over $250 per share during Friday’s session. It must finish the day just above $242 to also make it a record-high close. Revenue from AWS – the company’s profit engine – surged 20% year over year to…
LONDON — European markets were lower on Friday as investors reacted to an expected dip in euro zone inflation and a swathe of earnings this week. The pan-European Stoxx 600 was around 0.6% lower by 2:23 p.m. London time (10:23 a.m. ET), with major bourses and almost all sectors in negative territory.The U.K.’s FTSE 100 index slipped over 0.5%, Germany’s DAX fell 0.7%, while France’s CAC moved around 0.5% lower. Italy’s FTSE MIB and Spain’s IBEX 35 also edged around 0.2% lower.In the U.S., Apple and Amazon posted earnings after the close Thursday. Amazon said its cloud computing unit’s revenue increased 20% in the third quarter,…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. The S & P 500 and Nasdaq Composite pushed higher Friday, buoyed by strength in Big Tech names like Club holding Amazon . The e-commerce giant reported a blockbuster earnings report Thursday evening, highlighted by growth in its cloud computing unit. Shares are up more than 10%. Friday also marks the last trading session of October. Next week, Club names Eaton, DuPont, and T exas Roadhouse will all release quarterly results. 2. Don’t own…
After a marquee week for Big Technology earnings, Wall Street is left wondering which hyperscaler stock offers the best path forward. The four U.S. hyperscalers — Alphabet , Amazon , Meta Platforms and Microsoft — all reported earnings this week, giving investors a clearer read on how their massive bets on artificial intelligence are reshaping balance sheets and market sentiment. While each talked up their AI strategy, analysts focused on the scale of the investments and how these plans will start translating to tangible returns. “Strong AI spending has been the biggest drivers of AI performance so far, and the…
