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Prediction: Rivian Will Soar Over the Next 3 Years. Here Are 2 Reasons Why.
Rivian (NASDAQ: RIVN) stock is priced at a bargain versus other electric car stocks like Tesla and Lucid Group. Shares trade at just 3 times sales versus nearly 7 times sales for Lucid and just over 12 times sales for Tesla. A lot of this discount is due to investor concerns over lackluster sales gr...The Motley Fool
Wed, Jun 11
GLOBAL MARKETS-Stocks steady, Treasury yields down on cooler inflation, US-China deal
Trump says US-China trade deal doneCPI data shows little change in pricesU.S. stocks hold near record levels, dollar steadyTreasury yields dip but traders await auction results Oil rises to 7-week high on US-China trade dealBy Lawrence Delevingne and Lawrence White June 11 (Reuters) - Wall St...Reuters
Wed, Jun 11
Is Lucid Group Stock a Buy Now?
It's been a rough few weeks for Lucid Group (NASDAQ: LCID) investors. Its shares have lost roughly 25% of their value since May 20. And yet, analyst predictions for growth have surged this year. Wall Street expects the company to grow sales by 76% in 2025, with another 96% jump in sales expected in ...The Motley Fool
Wed, Jun 11
LIVE MARKETS-If not sweet, DOGE spending cut impact likely to be short
Main US indexes slightly greenHealthcare leads S&P 500 sector gainers; Materials weakest groupEuro STOXX 600 index off ~0.2%Dollar, bitcoin dip; gold gains; crude up >2%US 10-Year Treasury yield falls to ~4.44%Welcome to the home for real-time coverage of markets brought to you by Reuters rep...Reuters
Wed, Jun 11
3 Monster Stocks to Hold for the Next 10 Years
The best way to build your wealth is to park your money in solid growth stocks and hold them over the long term. By doing so, you enjoy steady capital appreciation as these promising stocks churn out higher profits and free cash flows. That said, you must filter out the right stocks to include in yo...The Motley Fool
Wed, Jun 11
Sterling near highs, gilt yields rise as Reeves delivers spending review
UK long-term borrowing costs hold higherSterling stays close to 3-year high vs dollar Analysts say fiscal worries likely to persistBy Lucy Raitano and Naomi Rovnick LONDON, June 11 (Reuters) - Britain's borrowing costs rose and sterling stayed close to recent three-year peaks against the ...Reuters
Wed, Jun 11
Chewy Q1: Customer Count and Spend Rise
Here's our initial take on Chewy's (NYSE: CHWY) fiscal 2025 first-quarter results.Key MetricsMetricQ1 FY24Q1 FY25Changevs. ExpectationsRevenue$2.88 billion$3.12 billion 8.3%BeatEarnings per share (GAAP)$0.15$0.15unch.BeatActive customers19.99 million20.76 million 3.8%n/aNet sales per active customer...The Motley Fool
Wed, Jun 11
UK's Long Harbour proposes $852 million bid for PRS REIT
Long Harbour offers to buy PRS at 115 pence per sharePRS shares slip after news of discounted offerDeal activity continues in UK's REIT industry By Prerna Bedi June 11 (Reuters) - UK property investor Long Harbour has made a 631.6 million pound ($852 million) takeover proposal for Britain'...Reuters
Wed, Jun 11
CANADA STOCKS-TSX opens higher on US inflation relief
June 11 (Reuters) - Canada's main stock index opened higher, boosted by consumer discretionary shares, as investors welcomed a milder-than-expected U.S. inflation report, while signs of progress in U.S.-China trade relations also helped sentiment.At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exc...Reuters
Wed, Jun 11
US STOCKS SNAPSHOT-S&P 500, Nasdaq open near record levels after May inflation data
June 11 (Reuters) - The S&P 500 and Nasdaq opened near record levels on Wednesday, as a cooler-than-expected inflation report calmed concerns around tariff-driven price pressures and fanned expectations for interest rate cuts. The Dow Jones Industrial Average .DJI rose 16.0 points, or 0.04%, at ...Reuters
Wed, Jun 11
JJill Inc reports results for the quarter ended April 30 - Earnings Summary
JJill Inc JILL.N reported quarterly adjusted earnings of 88 cents per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of $1.22. The mean expectation of six analysts for the quarter was for earnings of 86 cents per share. Wall Street expec...Reuters
Wed, Jun 11
Dollarama Inc reports results for the quarter ended April 30 - Earnings Summary
Dollarama Inc DOL.TO reported quarterly adjusted earnings of 95 cents per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 77 cents. The mean expectation of twelve analysts for the quarter was for earnings of 84 cents per share. Wall S...Reuters
Wed, Jun 11
Chewy Inc reports results for the quarter ended April 30 - Earnings Summary
Chewy Inc CHWY.N reported quarterly adjusted earnings of 16 cents per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 20 cents per share. Wall ...Reuters
Wed, Jun 11
Vera Bradley Inc reports results for the quarter ended April 30 - Earnings Summary
Vera Bradley Inc VRA.OQ reported a quarterly adjusted loss of 36 cents per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of -21 cents. The lone analyst forecast for the quarter was for a loss of 12 cents per share. Revenue fell 35.9% to...Reuters
Wed, Jun 11
Victoria's Secret & Co reports results for the quarter ended April 30 - Earnings Summary
Victoria's Secret & Co VSCO.N reported quarterly adjusted earnings of 9 cents per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of ten analysts for the quarter was for earnings of 4 cents per sh...Reuters
Wed, Jun 11
Tenet Healthcare falls after Fuzzy Panda takes short position
** Shares of hospital operator Tenet Healthcare THC.N fall 3.1% to $151.55 premarket ** Short seller Fuzzy Panda says it is short on co after its analysis showed that Tenet could be fined $675-$845 million on high outlier payments from Medicare ** "Analysis indicates Medicare paid THC excess out...Reuters
Wed, Jun 11
US STOCKS-S&P 500, Nasdaq set to open near record levels after May inflation data
Futures up: Dow 0.14%, S&P 500 0.21%, Nasdaq 0.27%GameStop falls after reporting decline in quarterly revenueGameStop falls after it reports decline in Q1 revenueBy Kanchana Chakravarty and Sukriti Gupta June 11 (Reuters) - The S&P 500 and Nasdaq were on track to open near record levels o...Reuters
Wed, Jun 11
American Superconductor tumbles on $115 mln equity raise
** American Superconductor's AMSC.O shares down 17.3% premarket at $28.50 after equity raise ** Ayer, Massachusetts-based power grid systems and solutions provider says sold ~4.1 mln shares at $28 for gross proceeds for $115.5 mln** Offering price is 18.7% discount to stock's last close on T...Reuters
Wed, Jun 11
GitLab Earnings: Guidance Falls Short
Here's our initial take on GitLab's (NASDAQ: GTLB) fiscal 2026 first-quarter financial report.Key MetricsMetricQ1 2025Q1 2026Changevs. ExpectationsRevenue$169.2 million$214.5 million 27%BeatEarnings per share (adjusted)$0.03$0.17 467%BeatDollar-based net retention rate129%122%-7 ppsn/aFree cash flow...The Motley Fool
Wed, Jun 11
