The S&P 500's next quarterly rebalance is set for June 7th, and Barclays analysts believe the next addition to the benchmark index may be Block Inc., a financial technology firm led by Jack Dorsey.
“SQ reached S&P 500 eligibility following 4Q23 earnings in February 2024 as: (a) Q4 had positive net income of $178M and (b) the sum of net income over the LTM ending 4Q23 was also positive at ~$125M,” Barclays analysts said in a Wednesday note.
The company’s positive... (continue reading...)
Investing.com -- "Strong" first-quarter results at Reddit (NYSE: RDDT) have led analysts at Needham to raise their price target for the social media group's stock to $63 from $55, according to a note to clients from the investment bank.
The analysts also added Reddit on to their conviction list, replacing software firm DoubleVerify (NYSE: DV), saying the company has a "robust business model."
"From an earnings and valuation point of view, we are most optimistic about... (continue reading...)
(Reuters) - Chipmaker Intel said on Wednesday the U.S. Department of Commerce was revoking certain export licenses for its consumer-related items to a customer in China, a move that would impact its second-quarter revenue.
Intel did not disclose the name of the Chinese customer in its filing with the Securities and Exchange Commission.
Reuters had reported on Tuesday the U.S. has revoked licenses that allowed companies, including Intel... (continue reading...)
Investing.com -- U.S. stock futures traded in a calm fashion Wednesday, as investors digested a series of quarterly corporate earnings ahead of comments from more Federal Reserve officials.
Here are some of the biggest premarket U.S. stock movers today:
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Uber (NYSE: UBER) stock slumped 6% after the ride-hailing firm forecast second-quarter gross bookings below expectations after missing the target for the first three months.
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Apple (NASDAQ: AAPL) stock rose 0.4% after... (continue reading...)
By Caroline Valetkevitch
NEW YORK (Reuters) - Shares of Palantir Technologies fell 15.1% on Tuesday in their biggest daily percentage drop since May 2022, a day after the data analytics company gave a revenue forecast that disappointed.
The stock closed at $21.40, while on Wall Street, action was more subdued, with the S&P 500 ending slightly higher and the Nasdaq down a bit.
Late on Monday, the company raised its annual... (continue reading...)
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Microsoft's Xbox shuts multiple studios, consolidates teams in cost-cutting move
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Fed may need to hold rates steady all year, Kashkari says
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Investors wary of US cannabis ETFs despite recent rally
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TikTok, ByteDance sue to block US law seeking sale or ban of app
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Biden Administration Is Holding Shipments Of Boeing (BA) -made Precision Bombs To Send Political Message To Israel - Politico
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Midday movers: Disney, Palantir fall; International Paper, Kenvue rise
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Barclays highlights stocks most exposed to stagflation risk
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Apple unveils new AI-focused chip in upgraded iPad Pro
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Datadog President Amit Agarwal to step down, shares drop
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Investopedia-owner Dotdash Meredith signs content license deal with OpenAI
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Why this analyst think you should be long Apple stock into iPad event
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JPMorgan remains concerned inflation will be 'staying too high'
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Apple's AI trajectory remains uncertain - PhillipCapital
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Infineon unveils deep cost-cutting drive amid waning chip demand
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Air Lease Q1 profit misses estimates on higher interest expenses
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UPS CFO Brian Newman to step down on June 1, company says
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Israel to push on with Rafah operation while continuing hostage talks
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US FAA opens probe into Boeing 787 inspections
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Citadel's Griffin says Fed's first rate cut may come in December
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US financial regulators restart work on long-delayed compensation rules
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Video streaming services see downloads, active users drop in April, BofA report shows
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Fed's Barkin: Ending inflation likely to require a hit to demand
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Hamas says it accepts ceasefire proposal of Egypt, Qatar
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Tesla lays off more staff in software, service teams, Electrek reports
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Wall Street analysts are increasingly bullish on this chip stock. Here's why
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Reddit stock: BofA revists RDDT after a blockbuster IPO
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Midday movers: Apple slips; Palantir and Micron gain
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Palantir stock: Here's what Wall Street expects from the upcoming earnings report
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AMD to see revenue, profits improve in H2 amid AI chip ramp-up - Phillip
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Synopsys sells software integrity unit for $2.1 billion to PE group
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Stock prices are now at 'more attractive levels' - Oppenheimer
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Dow Jones, Nasdaq, S&P 500 weekly preview: Focus on Disney, Arm earnings reports
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Robinhood Crypto gets Wells notice from US SEC
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Shah Capital urges Novavax shareholders to vote against three directors
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Morgan Stanley warns about an 'uncertain macro backdrop'
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Baird says this name is one of the top chip stocks you should own
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Exclusive-Southwest pilots face reduced hours, pay due to Boeing delivery delays
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NFP reactions: Jobs report breathes new life into rate cut calls
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LNG producer Cheniere's export volumes fuel core profit beat
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Midday movers: Apple, Amgen and Block rise; Cloudflare and Expedia fall
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Weaker US jobs data soothes Fed worries of renewed overheating
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US equity funds witness outflows for fifth week in a row
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April US jobs report shows looser labor market, good news for Fed
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U.S. adds fewer jobs than anticipated in April
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CBRE Group's first-quarter profit beats on leasing demand
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Expedia shares sink as vacation rental weakness fuels revenue forecast trim
