Day: October 18, 2022
State Street Corp. STT, -1.31% shares rose 3.4% in premarket trades after the financial firm’s third-quarter earnings of $1.82 a share beat the analyst estimate of $1.78 a share, according to FactSet data. State Street’s revenue of $2.96 billion narrowly missed the target of $2.97 billion. The company also announced a $1 billion stock buyback. […]
Shares of International Paper Co. IP, +1.79% fell 0.6% in premarket trading Tuesday, to buck the big rally in the broader stock market, after Deutsche Bank analyst Kyle White turned bearish on the paper and packaging products company, citing concerns over falling containerboard prices. “Given weakening demand and upcoming capacity additions, we anticipate containerboard prices […]
Shares of Albertsons Companies Inc. ACI, +0.59% rose 1.0% in premarket trading Tuesday, after the grocery chain, which has agreed to be acquired by Kroger Co. KR, +1.92%, reported fiscal second-quarter profit and sales that rose above expectations, even as gross margin decreased. Net income for the quarter to Sept. 10 rose to $342.7 million, […]
Shares of Conn’s Inc. CONN, -14.00% plummeted 18.6% in premarket trading toward a more than two-year low, after the home goods retailer warned of a revenue shortfall and said its chief executive officer stepped down after just 14 months in the role. “Conn’s remains challenged by macroeconomic headwinds, which is impacting consumer spending and disproportionately […]
Speaking about a hypothetical scenario, the Ethereum co-founder said censorship should be tolerated depending on the case. 1775 Total views 37 Total shares Ethereum co-founder Vitalik Buterin believes that solo validators that choose not to include certain transactions should “be tolerated” to stop the Ethereum community from becoming the “morality police.” Vitalik Buterin made the […]
U.S. stocks rose sharply at the open on Tuesday, looking to add to their gains from Monday’s session, which saw the Nasdaq Composite log its biggest percentage-point gain since July. Investors attributed the strong appetite for risk to more strong corporate earnings reports. The S&P 500 SPX advanced 81 points, or 2.2%, to 3,759. The […]
• S&P 500 reversed from key support level 3570.00 • Likely to rise to resistance level 3800.00 S&P 500 index recently reversed up with the daily Bullish Engulfing from the key support level 3570.00 (which stopped the price at the start of October) standing near the lower daily Bollinger Band. The upward reversal from the […]
• AUDJPY reversed from key support level 91.00 • Likely to rise to resistance level 94.70 AUDJPY currency pair recently reversed up with the daily hammer from the key support level 91.00 (which has been reversing the price from the middle of May) standing near the lower daily Bollinger Band, support trendline of the daily […]
Carnival Corp. & plc CCL, +1.96% said Tuesday that its Carnival Holdings (Bermuda) Ltd. has commenced an offering of $1.25 billion of senior priority high-yield bonds that mature in 2028. Proceeds will be used to make principal payments on debt and for general corporate purposes. As part of the deal, the company and subsidiaries will […]
The Dow Jones Industrial Average DJIA, +1.86% is headed for another big rally, with all 30 components trading higher in the premarket. The biggest gainers ahead of the open were shares of Goldman Sachs Group Inc. GS, +2.24%, which climbed 2.9% after reported better-than-expected third-quarter results, and of Salesforce Inc. CRM, +3.49%, which also rallied […]
