Here are some of the stocks posting the biggest moves in midday trading Wednesday. Source link
Author: usaeverydaylife
TJX Companies on Wednesday reported better-than-expected quarterly results, vaulting over the high bar inherent for a stock hovering near its record high into earnings. Revenue in the three months ended Aug. 2 increased 7% year over year to $14.4 billion, exceeding the consensus estimate of $14.1 billion, according to LSEG. Earnings per share (EPS) in the period came in at $1.10, beating expectations of $1.01, LSEG data showed, indicating growth of nearly 15% year over year. Same-store sales also came in ahead of expectations at 4%, better than the 3.3% the Street was looking for, according to FactSet. As a…
As the biotech group continues to fight back, one of its most recognizable stocks — Biogen (BIIB) — is attempting to break out from a key bullish formation. The stock is up about 25% from its April lows, which doesn’t stand out much given that many other stocks and ETFs are up just as much, if not more. However, over that time, BIIB has been forming a constructive technical base resembling a bullish cup-and-handle formation. In recent days, the stock has been attempting to break out from this pattern. It is also now testing its 200-day moving average, a level…
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., July 30, 2025. Jonathan Ernst | ReutersFederal Reserve officials worried at their July meeting about the state of the labor market and inflation, though most agreed that it was too soon to lower interest rates, minutes released Wednesday showed. The meeting summary depicted divergence of opinion among the central bankers, whose vote to hold their key rate steady came despite objections from two Fed governors who argued in favor of cutting. Policymakers noted…
Private renewable energy projects are still moving forward despite a pullback in government support, and new technology is making that construction more efficient. Solar farms, for example, take meticulous planning and surveying, involve long hours and require significant labor. Now, robots are taking on the job.CivDot is a four-wheeled robot that can mark up to 3,000 layout points per day and is accurate within 8 millimeters. The machine can ride over rugged terrain and work through rough weather. It is the brainchild of California-based Civ Robotics.”Our secret sauce and our core technology is actually in the navigation and the geospatial…
Jefferies has some ideas for stocks that have recently pleased Wall Street. Desh Peramunetilleke, head of quantitative strategy at the firm, looked for names that have a market cap over $10 billion that have topped earnings estimates over the past four quarters. The bank also looked for companies that saw positive per-share earnings revisions within three days of the reports. From there, Jefferies employed artificial intelligence to find companies that had positive feedback from analysts during their earnings calls. Here’s some of the names that made the list: Megacap technology stocks Microsoft and Apple both made the list. The pair…
Students study in the Perry-Castaneda Library at the University of Texas at Austin on February 22, 2024 in Austin, Texas.Brandon Bell | Getty ImagesThe Trump administration paused student loan forgiveness on a popular plan earlier this summer. It has not yet resumed the debt cancellation, and this week, lawmakers urged it to do so.The U.S. Department of Education said earlier this summer that it was pausing the loan discharge component on the Income Based Repayment, or IBR, plan. That freeze remains in place.It’s a setback to families who have been expecting — and are legally entitled to — the aid,…
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesPlayStation 5 game consoles will cost $50 more in the U.S. starting this week, Sony announced on Wednesday.The price for an entry-level PlayStation 5 Digital Edition will increase from $450 to $500, and a PlayStation 5 with a disc drive is going up to $550 from $500. Sony’s high-end PlayStation 5 Pro will cost $750, up from $700. The PlayStation 5 was first released in 2020.President Donald Trump’s sweeping tariff plan announced in April went into effect earlier this month on most countries. The U.S. currently has…
Stablecoin Tether and Circle’s USDC dominate the market.Justin Tallis | Afp | Getty ImagesThe U.K. should establish a national stablecoin strategy to enable adoption of the tokens and avoid falling behind the U.S. on the disruptive new technology, several major crypto firms said Wednesday.In an open letter addressed to Finance Minister Rachel Reeves, 30 crypto industry figures said that the U.K. “must act now to avoid being a rule-taker rather than a rule-maker in the digital asset era.””To ensure the UK is at the forefront, we believe a proactive, coordinated national strategy is needed – one that positions stablecoins not…
Roper Technologies could deliver meaningful returns over the next year, according to Citigroup. The Wall Street investment bank firm on Tuesday initiated research coverage of the software provider with a buy rating and set its 12-month price target at $626, which implies about 18% total return, including reinvested dividends. “Roper is a vertical software and technology-enabled product leader that has undergone a dramatic shift over the last 2+ decades from its history as an industrial conglomerate to a vertical software leader today,” analysts led by George Kurosawa wrote in a 68-page report. “We believe the company’s latest more subtle evolution…
