After-hours movers: Oracle sinks after results, Hasbro falls on jobs cuts
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- Wall St set to open higher as tech rebounds, Micron earnings eyed
- Brent extends losses on expectations of smoother crude flows via Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Stay long AI-capex winners into the peak, Stifel says despite bubble fears
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Lucid (LCID) builds 800 EVs at Sudi training facility
December 13, 2023 2:39 PM ESTCalifornia-based Lucid Group (NASDAQ: LCID) revealed Wednesday that the electric vehicle maker has assembled nearly 800 EVs at the companys factory in Saudi Arabia since the locations opening in September. The factory is a teaching location, focused on training over 200 local employees.
Lucids Saudi factory was built with the initial capacity to produce 5,000 EVs a year after the Saudi government pledged to buy up to 100,000 vehicles from Lucid over 10 years.
"The car is fully built in... More
Bernstein says Oracle (ORCL) growth pains continue as it strives to meet demand
December 12, 2023 2:29 PM ESTBernstein raised its price target for Oracle (NYSE: ORCL) to $147 from $144 per share, maintaining an Outperform rating on the stock in a note Tuesday following the company's latest quarterly earnings.
After the close on Monday, the company reported Q2 EPS of $1.34, $0.01 better than the analyst estimate of $1.33. Revenue for the quarter came in at $12.9 billion, missing the consensus estimate of... More
RBC Capital expects Lucid (LCID) to trade down following CFO departure
December 12, 2023 9:06 AM ESTElectric vehicle maker, Lucid Group (NASDAQ: LCID) announced Monday that CFO, Sherry House will be stepping down from her position effective immediately.
As of December 11, 2023, Gagan Dhingra, who currently serves as Lucid's Vice President of Accounting and Principal Accounting Officer, will assume the position of Lucid's interim Chief Financial Officer and Principal... More
