Category: Latest News

Shares of heavily shorted stocks jumped in Wednesday premarket trading as the recent meme stock revival spread to more names. Doughnut chain Krispy Kreme (NASDAQ:DNUT) surged 33%, following nearly a 27% gain on Tuesday. Recent data from multiple sources shows that between 15% and 30% of Krispy Kreme’s tradable shares are currently shorted. Camera maker…

Northern Trust Corporation (NASDAQ:NTRS) reported second-quarter earnings per share of $2.13, surpassing analyst expectations of $2.05. The financial services firm benefited from record net interest income and growth in trust fees. Revenue for the quarter reached $2 billion, exceeding the consensus estimate of $1.96 billion. Net income was $421.3 million, up 7% from $392 million…

Morgan Stanley has selected Northrop Grumman (NYSE:NOC) and RTX Corporation (NYSE:RTX) as its new Top Picks in the defense and aerospace sectors, respectively, highlighting improved program economics and attractive valuations. The firm upgraded Northrop Grumman to “Top Pick in Defense” and raised its price target from $570 to $625. Analysts pointed to strong second-quarter results…

NextEra Energy, Inc. (NYSE:NEE) reported second-quarter 2025 adjusted earnings of $1.05 per share on Wednesday, surpassing analyst estimates of $0.98 per share. However, revenue fell short, totaling $6.7 billion versus the consensus forecast of $7.29 billion. Following the announcement, NextEra Energy shares were essentially flat, dipping just 0.05% in pre-market trading. The company posted a…

Shares of MARA Holdings, Inc. (NASDAQ:MARA) dropped 4.5% following the company’s announcement of an $850 million private offering of zero-coupon convertible senior notes due in 2032. The digital infrastructure and energy firm plans to sell the notes to qualified institutional buyers under Rule 144A of the Securities Act. The offering also includes an option for…

Shares of Abivax (NASDAQ:ABVX) surged more than 400% in Paris trading on Wednesday after the French biotech company announced that its experimental drug obefazimod met key goals in two pivotal Phase 3 clinical trials for ulcerative colitis. Topline results from the global ABTECT-1 (Study 105) and ABTECT-2 (Study 106) trials showed that a once-daily 50…

Oatly Group AB (NASDAQ:OTLY) reported modest revenue growth in the second quarter, with sales rising 3.0% year-over-year to $208.4 million. The gains were driven by strong performance in Europe, which helped offset declines in North America and Greater China. Following the announcement, Oatly shares edged up 1.12% in pre-market trading. The plant-based beverage maker posted…

Rogers Communications Inc. (NYSE:RCI) reported stronger-than-expected second-quarter results on Wednesday, with both earnings and revenue surpassing analyst forecasts and prompting an upward revision to the company’s full-year outlook. The Canadian telecom leader posted adjusted earnings of C$1.14 per share, significantly ahead of the C$0.81 expected by analysts. Total revenue for the quarter came in at…

Fiserv, Inc. (NYSE:FI) reported second-quarter results on Wednesday that exceeded Wall Street expectations, as the financial technology firm delivered strong earnings and revenue growth across key segments. Adjusted earnings per share came in at $2.47, topping the $2.43 consensus estimate. Revenue reached $5.52 billion, comfortably beating forecasts of $5.2 billion. The company also posted 8%…

Moody’s Corporation (NYSE:MCO) delivered better-than-expected second-quarter results on Wednesday, powered by strong growth in its analytics division, though shares dipped 0.83% in premarket trading following the release. The credit ratings and analytics giant posted adjusted earnings per share of $3.56, ahead of the $3.38 average analyst estimate. Revenue also beat expectations, rising to $1.9 billion…