Category: Include on Menu
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U.S. Stock Futures Edge Lower as Investors Await Retail Earnings, Home Depot in Spotlight
U.S. stock index futures moved slightly downward early Tuesday following a strong recent performance, as traders turn their attention to upcoming retail sector earnings. As of 5:50 a.m. ET, futures tied to the Dow Jones Industrial Average were down 90 points, or 0.2%. Futures for the S&P 500 dropped 21 points, or 0.4%, while Nasdaq…
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U.S. Stocks Recover From Initial Slump To Close Slightly Higher
Stocks came under pressure early in the session on Monday but regained ground over the course of the trading day. The major averages climbed well off their lows of the session before ending the day modestly higher. The Dow fell more than 300 points in early trading but ended the day up 137.33 points or…
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Capital One completes acquisition of Discover Financial, S&P upgrades ratings
On May 18, 2025, Capital One Financial Corp (NYSE:COF) finalized its acquisition of Discover Financial Services (NYSE:DFS). Following the completion, S&P Global Ratings raised Discover Financial Services’ issuer credit rating from ’BBB-’ to ’BBB’, matching Capital One’s current rating. S&P also upgraded Discover Bank’s issuer credit rating from ’BBB’ to ’BBB+’, with all issue ratings…
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Prime Medicine stock plummets amid restructuring and leadership changes
Shares of Prime Medicine, Inc. (NASDAQ:PRME) fell 19.2% following the company’s announcement of a strategic restructuring focused on large genetic liver diseases and cystic fibrosis, alongside significant leadership changes. The biotech firm plans to deprioritize its Chronic Granulomatous Disease (CGD) programs and reduce its workforce by about 25% to concentrate on its liver franchise and…
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Sable Offshore shares surge on production restart
Sable Offshore Corp. (NYSE:SOC) stock jumped 20% after announcing the restart of oil production at the Santa Ynez Unit and expected oil sales from the Las Flores Pipeline System in July 2025. Since May 15, six wells on Platform Harmony (JO:HARJ) have been producing about 6,000 barrels per day flowing to Las Flores Canyon. The…
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Tesla valuation problem ’to get worse before it gets better’: Morgan Stanley
Tesla’s high market valuation remains difficult to justify and may become even harder to defend soon, according to Morgan Stanley analysts. “Nearly 15 years after going public, investors struggle to justify the value of Tesla (NASDAQ:TSLA) as much as ever before,” the analysts wrote in a note to clients on Monday. “We expect this valuation…
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Gilat Satellite Networks Misses Q1 Estimates, Stock Drops
Gilat Satellite Networks Ltd (NASDAQ:GILT) reported Q1 2025 earnings that missed analyst expectations, causing shares to fall 9.5% in early trading. Adjusted EPS came in at $0.03, below the $0.07 consensus, while revenue was $92 million, slightly under the projected $94.47 million but up 21% year-over-year. The company recorded a GAAP net loss of $6.0…
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Target Hospitality Reports Q1 Loss, Reaffirms 2025 Outlook
Target Hospitality Corp. (NASDAQ:TH) posted a wider-than-expected net loss of $6.5 million ($0.07 per share) for Q1 2025, compared to a net income of $20.4 million ($0.20 per share) in the same period last year. The loss exceeded analysts’ estimate of $0.01 per share. Revenue declined 34.5% year-over-year to $69.9 million, slightly missing the $70…
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Copper Prices Rise Moderately on Inventory Decline and Weaker Dollar
Copper prices edged higher in early trading, supported by a fourth consecutive weekly decline in inventories and a softer U.S. dollar. The London Metal Exchange’s three-month copper contract increased 0.6% to $9,493 per metric ton, while the U.S. dollar index dropped 0.75% to 100.33, boosting commodity demand for holders of other currencies. However, gains were…
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Cryptocurrency-Linked Stocks Slide Following Moody’s U.S. Credit Rating Downgrade
Cryptocurrency-related stocks in the U.S. dropped in premarket trading, tracking the decline in Bitcoin’s price amid heightened risk aversion after Moody’s downgraded the country’s top credit rating. Notable movers included Coinbase (NASDAQ: COIN), down 3.1%, MicroStrategy (NASDAQ: MSTR), off 1.2%, and Bitfarms, which fell 4.3%. Cipher Mining (NASDAQ: CIFR) saw a significant 6.5% decline, while…