Category: Top Story
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Nvidia earnings keep Wall Street futures subdued ahead of key results: Dow Jones, S&P, Nasdaq
U.S. stock futures pointed to a broadly flat opening on Wednesday as investors held back from making significant moves ahead of second-quarter results from Nvidia (NASDAQ:NVDA), due after the closing bell. The cautious tone followed modest gains in the previous session, with Nvidia’s earnings expected to provide an important test of investor confidence in artificial…
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BofA sees SpaceX wireless ambitions as positive for T-Mobile and tower operators
Bank of America believes SpaceX’s (NASDAQ:SPCX) plans to expand further into wireless connectivity could ultimately benefit T-Mobile (NASDAQ:TMUS), tower operators and the value of mobile spectrum rather than pose an immediate competitive threat. The bank reached its view following discussions with T-Mobile Chief Technology Officer Dr. John Saw and executives at Crown Castle (NYSE:CCI). Its…
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J.M. Smucker shares rise after earnings beat and upgraded annual outlook
J.M. Smucker (NYSE:SJM) shares gained more than 3% in premarket trading on Wednesday after the packaged foods company delivered stronger-than-expected first-quarter earnings and revenue and raised its full-year profit guidance. The company reported earnings of $3.24 per share, comfortably ahead of the analyst consensus estimate of $2.21. Revenue increased 5% year-over-year to $2.2 billion, exceeding…
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Abercrombie & Fitch shares soar after earnings beat and upgraded outlook
Abercrombie & Fitch Co. (NYSE:ANF) shares jumped more than 11% in premarket trading after the apparel retailer delivered second-quarter earnings and revenue above Wall Street forecasts and raised its full-year guidance. Adjusted earnings reached $4.17 per share, exceeding the analyst consensus of $1.98 by $2.19. Revenue increased 5% year-over-year to $1.3 billion, ahead of expectations…
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Nvidia options point to potential $280 billion market value swing after earnings
Options markets are signalling that Nvidia (NASDAQ:NVDA) could experience a roughly $280 billion change in market capitalisation following its second-quarter earnings report on Wednesday afternoon, as investors look for fresh evidence on the strength of artificial intelligence demand. Nvidia options imply a 5.4% move in either direction on Thursday, the first full trading session after…
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Intuit shares plunge as cautious fiscal 2027 guidance falls short of forecasts
Intuit (NASDAQ:INTU) shares dropped sharply in premarket trading on Wednesday after the financial software company issued fiscal 2027 guidance below Wall Street expectations as it adjusts its strategy to “accelerate customer growth, increase market share, and strengthen the long-term durability” of its growth model. The stock was down 11.8% at 04:34 ET, or 08:34 GMT,…
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Zoom beats quarterly forecasts and raises full-year outlook, but shares fall
Zoom Communications (NASDAQ:ZM) reported fiscal second-quarter results that exceeded Wall Street expectations for both revenue and adjusted earnings, while also raising its full-year forecasts. Despite the stronger-than-expected numbers, Class A shares of the San Jose, California-based company fell 5.1% in premarket trading on Wednesday. Zoom became widely known for its video conferencing services during the…
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Meta and U.S. states discuss possible settlement in teen social media addiction trial – Bloomberg
Meta Platforms (NASDAQ:META) and attorneys general representing several U.S. states have held discussions about potentially settling a lawsuit accusing the technology company of designing Facebook and Instagram in ways that encourage addictive behaviour among teenagers, Bloomberg News reported on Wednesday, citing people familiar with the matter. The discussions have emerged during the second week of…
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Nvidia earnings and PCE inflation data take centre stage as oil prices slide: Dow Jones, S&P, Nasdaq, Wall Street Futures
US stock futures were subdued on Wednesday as investors prepared for Nvidia’s closely watched quarterly earnings and fresh inflation data, while signs of diplomatic progress in the Middle East pushed oil prices sharply lower. Sentiment was also shaped by an escalating trade dispute between the US and Canada, with Ottawa announcing retaliatory tariffs on hundreds…
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Chip Rebound and Falling Yields Lift Wall Street Ahead of Nvidia Earnings
U.S. stocks closed higher on Tuesday as a rebound in technology and chipmaker shares, easing Treasury yields, and softer oil prices helped Wall Street shake off recent volatility. Investors positioned cautiously ahead of Nvidia’s closely watched earnings report on Wednesday, which many see as a key test of the artificial intelligence trade that has driven…