On the economic front, traders are listening intently to all the speeches by Federal Reserve officials this week, before the Fed enters the blackout period. Meanwhile, European indices are trading in the positive zone today following a slew of corporate earnings releases. …Read the full story
stock futures are trending lower on Friday as traders are gearing up for the first-quarter earnings reports of major banks. On Friday, all eyes will be on the earnings of big banks – JPMorgan Chase . As per a Bloomberg report, analysts estimate that deposits at JPMorgan Chase, Wells Fargo, and Bank of America fell […]
Investors also weighed in on the recessionary warning for later this year from the minutes of the Federal Reserve’s March policy meeting released yesterday. On the earnings front, big banks, namely JP Morgan Chase will report earnings tomorrow. …Read the full story
Also, big banks are slated to report their earnings this week for the quarter ending March 2023, during which the ugly banking turmoil escalated. Traders remain uncertain about the Federal Reserve’s interest rate decision at the upcoming FOMC meeting in May 2023. The latest results will reveal the impact of unrealized gains/losses on the bank’s […]
The Atlanta Federal Reserve updated its latest GDPNow reading, which allows it to estimate GDP growth in real time. Nevertheless, inflation continues to be a problem around the world. Stocks remain under pressure as investors remain fearful of the troubles seen in the financial sector. However, the good news is that this print is higher […]
As seen on the screener, here are three trending stocks that have been rated by three or more analysts in the past 72 hours. Our Stock Forecast pages for each stock show all recent analyst ratings on the stock, and considers all the ratings together to calculate an average analyst consensus – a composite of […]
The Atlanta Federal Reserve updated its latest GDPNow reading, which allows it to estimate GDP growth in real time. Nevertheless, inflation continues to be a problem around the world. Taking a look at consumer sentiment, results came in at 67, which was better than the expected 66.4. On Friday, the Census Bureau released its United […]
On TipRanks, CRM stock has a Moderate Buy consensus rating based on 26 Buys, ten Holds, and one Sell. …Read the full story
Analysts now expect overall S&P 500 earnings to decline 3% year-over-year, which is nearly double the 1.6% decline estimated at the beginning of this year. Coming to key economic releases, initial jobless claims for the week ended January 21, advance estimates of real gross domestic product, durable goods orders, and new home sales are slated […]
Pliant Therapeutics , the clinical-stage biotechnology company, announced an underwritten public offering of $175 million of its common stock. The stock closed about 35% higher on Monday after Pliant released positive interim data from a phase 2a trial of its drug bexotegrast. …Read the full story
NWSA plans to launch an online sports betting platform in the country in a joint venture arrangement, according to a Wall Street Journal report. The Murdoch organization is teaming up with Tekkorp Capital, BetMakers Technology, and Matthew Tripp on the venture. Its Tekkorp Digital Special Purpose Acquisition Company has raised $250 million to invest in […]
The sell-off comes on the heels of the company delivering preliminary Q3 results that show the company generated a non-GAAP adjusted loss of $8.2 million and revenue of $0.2 million. Reuters reports that the service will be operational in Miami at the start as the company seeks to bring down previous losses in its pooled […]
Kezar Life Sciences was the biggest gainer in the pre-market session, jumping 56.36% at the time of writing. The sell-off comes after the company filed form 12b-25, which affirms it is unable to file its quarterly report on form 10-Q for the quarter ended September 30, 2021. Under the terms of the agreement, the real […]
DiDi Global was one of the most active stocks in the pre-market session, with 1.40 million shares changing hands at the time of writing. The sell-off comes on the heels of the company delivering weaker-than-expected third-quarter results, with revenue and earnings missing estimates. shares fell 9.4% even with the company delivering better-than-expected Q3 2021 results on the […]
Aurora Cannabis is a licensed cannabis producer serving both the consumer and medical marijuana markets. In its fourth-quarter financial results for 2021, Aurora Cannabis reported net revenue of $35 million in its Medical Cannabis division, which is a 9% increase from the same quarter of 2020. The increase was due to an overall decrease in […]
Baosheng Media Group Holdings was the most active stock in the pre-market session, with 4.28 million shares changing hands at the time of writing. It is also unclear what is causing the stock to spike, as no fundamental news has been released to justify the pop. Chegg was one of the biggest losers in the […]
Following a hyper-bullish run, Bitcoin is facing a near-term pullback. At the time of writing, BTC was trading at approximately $59,000. Meanwhile, on-chain data shows that BTC miners are still in the process of accumulation. At the same time, BTC whales are sending their BTC holdings from spot exchanges to derivatives platforms, indicating that they […]
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Tesla has inked a nickel-supply agreement with mining magnate BHP Group, according to a Bloomberg report. Nickel, a crucial building block for lithium-ion batteries, is inching towards a supply crunch as the auto industry races towards electric vehicle manufacturing. Jonas expects the value of Tesla’s recurring software revenue to increase in the future, and surpass […]
