Investing

Applied Materials reports upbeat guidance after Q2 results top estimates May 16, 2024 04:29PM

Investing.com -- Applied Materials reported Thursday fiscal second-quarter results and guidance that beat estimates as the artificial intelligence wave continues to boost chip demand.

Applied Materials Inc (NASDAQ: AMAT) fell more than 2% in afterhours following the news.

Fro three months ended Apr. 28, adjusted diluted earnings per share (EPS) of $2.09, up from $2.00 from the prior year, while revenue rose to $6.65 billion from $6.63B. That was ahead of anlayst... (continue reading...)

Midday movers: Walmart, Chubb and Trade Desk rise; Meta, GameStop fall May 16, 2024 11:51AM (Updated - May 16, 2024 11:51 AM EDT)

Investing.com -- Main U.S. indexes rose but struggled to push much higher after the previous session’s strong gains to record levels in the wake of cooler inflation data.

Here are some of the biggest U.S. stock movers today:

• Walmart (NYSE: WMT) stock rose 6% after the retail giant topped quarterly earnings and revenue expectations, helped by significant e-commerce gains

• Chubb (NYSE: CB) stock rose 4% after Warren Buffett’s... (continue reading...)

This analyst thinks AMC stock could surge 60% May 16, 2024 10:59AM

AMC Entertainment (NYSE: AMC) stock fell 20% on Wednesday following a strong surge in shares of major meme stocks.

The recent volatility in these stocks is tied to social media influence. The surge came after Keith Gill, better known as "Roaring Kitty" on social media, made a return to the platform X, previously known as Twitter, after being absent for three years.

Gill gained notoriety among meme stock traders in 2021 when his investment in GameStop (NYSE: GME),... (continue reading...)

1 month of in-line CPI not enough to start Fed rate cut countdown: Macquarie May 16, 2024 10:59AM

Analysts at Macquarie believe one month of at-consensus core CPI may not be "enough" to start the Federal Reserve's countdown on a rate cut.

Assessing the recent data and its potential impact on the Fed's interest rate policy, the firm said the latest print was as expected but far from enough. 

"An in-line print is probably not good enough for the Fed to start a countdown to rate cutting. Fed speakers may affirm this 'guarded' view starting today. So, we don't... (continue reading...)

OPEC+ likely to role over output cuts - UBS May 16, 2024 10:59AM

Investing.com - A group of major crude producers next meets at the start of June, and UBS expects them to agree to extend their voluntary production cuts, in an attempt to keep the oil market in balance.

The Organisation of Petroleum Exporting Countries and allies, a group known as OPEC+, meets on June 1, and are set to evaluate their currency output cuts in place.  

OPEC+ oil producers are making voluntary output cuts totalling about 2.2 million barrels per day for... (continue reading...)