Tag: Marketwatch

U.S. COVID cases and hospitalizations are rising again to the highest seen this summer so far, as the BA.5 omicron subvariant becomes dominant. BA.5 is understood to be the most transmissible variant seen so far and to have an ability to break through vaccination and cause reinfection. BA.5 accounted for more than 53% of global […]

Shares of GameStop Corp. GME, -6.74% rallied 1.9% in premarket trading Friday, which implies a price of just above $39 as the videogame retailer and “meme” stock has started trading on a split-adjusted basis. The split was first announced in March, and the 4-for-1 ratio for the split was announced on July 6. Just ahead […]

Shares of HCA Healthcare Inc. HCA, +11.43% gained 0.6% in premarket trading Friday, after the hospital and ambulatory sites operator reported second-quarter profit that fell from a year ago, amid labor market and inflation challenges, but beat expectations. Net income declined to $1.16 billion, or $3.90 a share, from $1.45 billion, or $4.36 a share, […]

Schlumberger Ltd. shares SLB, +4.28% jumped 2.7% in premarket trade Friday, after the French oil major posted stronger-than-expected earnings for the second quarter amid high oil prices and raised its full-year guidance. The Paris-based company posted net income of $959 million, or 67 cents a share, for the quarter, up from $510 million, or 36 […]

Jefferies analyst Benjie Creelan-Sandford said Friday the confirmation from Banco Santander S.A. SAN, -1.21% that it won’t continue bidding for Citigroup Inc.’s C, -1.29% Banamex unit in Mexico should ease capital concerns. He reiterated a buy rating on the stock and said Santander’s decision may “allow part of the company’s greater-than 15% implied discount to […]

Shares of internet companies suffered collateral damage Friday from Snap Inc.’s SNAP, -39.08% bombshell earnings report that led to a 30+% plunge in Snap’s stock. Shares of Alphabet Inc. GOOGL, -5.63% GOOG, -5.81% sank 2.9%, Facebook parent Meta Platforms Inc. META, -7.59% dropped 4.4% and Pinterest Inc. PINS, -13.51% shed 7.0%. Twitter Inc.’s stock TWTR, […]

Scotts Miracle-Gro Co. SMG, -3.43% fell 0.7% on Friday after UBS downgraded the lawn care and cannabis growing equipment company to neutral from hold and cut its price target to $92 a share from $125 a share. “We believe limited top/bottom line recovery coupled with a levered balance sheet…will keep shares range bound until the […]

Gold futures climbed on Friday to settle at their highest price since July 13. The precious metal also gained for the week, breaking a streak of five consecutive weekly losses, buoyed by a retreat in the U.S. dollar. “Through July, we expect gold to continue to move inversely to the U.S. dollar but would expect […]

Financial markets are increasingly trading on what Deutsche Bank describes as “a ‘peak inflation’ world view” — one that would entail a less aggressive response from the Federal Reserve than previously feared, even though inflation has yet to show signs of demonstratively peaking. The idea being broadly embraced for now is that an impending U.S. […]

Former Donald Trump strategist Steve Bannon was convicted on Friday by a Washington, D.C., jury of contempt of Congress. Bannon was accused of ignoring a subpoena from the House committee investigating the Jan. 6, 2021, attack on the U.S. Capitol by Trump supporters. Bannon on Thursday declined to testify, and his lawyers did not call […]