Tag: NYSE:DELL
-
CalPERS to Oppose Exxon Mobil Directors; Microsoft Unveils Copilot+ PCs with AI Focus, and More News
Exxon Mobil (NYSE:XOM) – The California Public Employees’ Retirement System (CalPERS) announced it will vote against Exxon’s 12 board nominees, citing the company’s legal action against activist investors. CalPERS warned in a letter that such legal action could diminish investors’ roles and rights in influencing the company’s financial outcomes. The vote will take place at…
-
Traders May Take A Breather Following Yesterday’s Rally
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction after surging to record highs in the previous session. Traders may pause to assess the outlook for the markets following yesterday’s rally, which came as consumer prices rose by less than…
-
GameStop Shares Tumble 20% in Pre-Market Trading Amid Revenue Decline, Direct Digital Plummets 42%, and More News
GameStop (NYSE:GME) – GameStop reported $1.79 billion in revenue for the fourth quarter, which is less than the $2.23 billion earned in the same quarter of the previous year. However, the company announced an adjusted earnings per share of 22 cents, compared to the previous year’s 16 cents per share. Shares of the video game…
-
Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News
Super Micro Computer (NASDAQ:SMCI) – An analyst has joined the optimistic group regarding the shares of Super Micro Computer, with an increase of about 856% over the last 12 months. Rated Overweight, JPMorgan analyst Samik Chatterjee justifies the “premium valuation” due to the rapid growth of the artificial intelligence server market. SMCI shares are up…
-
Profit Taking May Contribute To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Monday, with stocks likely to give back ground after turning in a strong performance last week. Traders may look to cash in on recent strength in the markets, which lifted the Nasdaq and S&P 500 to new record closing highs last…
-
Dell extends gains in premarket, jumps 21%
Shares of Dell Technologies Inc. (NYSE:DELL) continued to rally on Friday’s premarket trading after posting better-than-expected fourth-quarter results. Net income skyrocketed 91% to $1.2 billion, and its operating income rose 25% to $1.5 billion in the reported quarter. The company’s revenue dropped by 11% on an annual basis to land at $22.3 billion but came in higher than…
-
U.S. Futures Dip as PCE Data Looms; Modest Gains for WTI and Brent Crude in April Contracts
U.S. index futures are down in pre-market trading as investors await the release of January’s Personal Consumption Expenditures (PCE) deflator, a key indicator for the Federal Reserve (Fed). Anxiety mounts following surprises in CPI and PPI indices, while the Fed maintains a cautious stance on interest rate cuts. At 05:40, Dow Jones futures (DOWI:DJI) fell…
-
Nike Workforce Reduction, The Trade Desk Soars 19% on $606 Million Revenue, and Latest News
Nike (NYSE:NKE) – Nike will cut over 1,600 jobs, about 2% of its workforce, to reduce costs after forecasting lower profits. Nike outlined a $2 billion cost-saving plan over the next three years, including measures such as supply optimization, supply chain improvement, and automation, with layoff costs estimated between $400 million and $450 million in…
-
Pre-Market Surge for Snowflake, Salesforce, Nutanix; ASML’s New CEO; Occidental’s CrownRock Negotiations
U.S. index futures are up in Thursday’s pre-market, reflecting investor expectations regarding the announcement of October’s personal consumption expenditures and the forecasted data for the weekly unemployment insurance claims. As of 6:09 AM, the Dow Jones futures (DOWI:DJI) rose by 168 points, or 0.47%. The S&P 500 futures advanced 0.19%, and the Nasdaq-100 futures increased…
-
Monday’s Wall Street Highlights: Walmart, Disney, Lloyds Banking, Mitsui Financial, HSBC, and more
U.S. index futures show a slight decline in Monday’s pre-market. This scenario is a response to the recent increase in U.S. interest rates, the drop in oil prices, and unfavorable economic indicators from China influencing market movements. As of 05:59 AM, Dow Jones futures (DOWI:DJI) fell 28 points, or 0.08%. S&P 500 futures declined by…