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Why Reddit Stock Got Hammered on Wednesday
One of the more up-and-coming social media stocks in recent times, Reddit (NYSE: RDDT), went down quite a bit on Wednesday. Investors traded assertively out of the stock following an analyst's price-target cut, to the point where it closed the day more than 9% in the red. That was a far steeper fall...The Motley Fool
Wed, May 21
Weyerhaeuser gains on sale of Canadian lumber mill for C$120 million
** Shares of U.S. forest products company Weyerhaeuser WY.N rise ~1% to $25.42 in extended trading** Company to sell its lumber mill in Princeton, British Columbia, to wood products manufacturer Gorman Group for nearly C$120 million ($86.58 million)** WY expects to recognize a gain on the sale and i...Reuters
Wed, May 21
2 Reasons to Buy Rivian Now
Rivian (NASDAQ: RIVN) stock is finding the opposite of what was set up to be a slightly quiet year for the automaker, which is in between vehicle launches. Rivian is dealing with tariff uncertainty, trying to boost deliveries, and constructing the expansion to its Illinois plant to enable production...The Motley Fool
Wed, May 21
Should You Own This Cathie Wood Favorite? A Look at Palantir Technologies Stock.
Cathie Wood doesn't shy away from taking risks. It's part of what has garnered her a loyal following of investors who like her bold style. Her flagship fund's 152.8% return in 2020 probably helped, too. Of course, risk-taking often comes with downsides. The same fund, the ARK Innovation ETF, is stil...The Motley Fool
Wed, May 21
Zoom lifts annual forecasts on robust demand amid AI push
By Juby BabuMay 21 (Reuters) - Zoom Communications ZM.O raised its annual revenue forecast on Wednesday, benefiting from hybrid work trends and the integration of artificial intelligence into its products.The integration of AI into its tools and expansion of its range of services has helped Zoom. It...Reuters
Wed, May 21
Billionaire Chase Coleman Just Bought Shares of These 2 AI Giants That Have Climbed 34% and 11% Since Their Stock Splits Last Year
It's that time of year again: Billionaire investors have offered us a peek into their latest investing moves through 13F filings. These are required quarterly by the Securities and Exchange Commission (SEC) from managers of more than $100 million in U.S. securities, and they detail the latest buys a...The Motley Fool
Wed, May 21
Could Buying Occidental Petroleum Stock Today Set You Up for Life?
Occidental Petroleum (NYSE: OXY) has big aspirations. In fact, the defining features of the energy company today are centered around management's long-term goals. That is true on both the positive side and the negative. Oxy, as the company is more commonly known, could possibly set you up for life, ...The Motley Fool
Wed, May 21
Why Wix.com Stock Dove by 16% Today
Wix.com (NASDAQ: WIX) didn't come close to surmounting the hump of hump day. Following its release on Wednesday of quarterly results that disappointed many market players, the DIY website creation specialist's stock price fell by a queasy 16%. Although it was a gloomy day for stocks in general, it w...The Motley Fool
Wed, May 21
Ken Griffin Says "Holding Cash Would've Been the Best." But Is Defense Really the Right Play for Long-Term Investors?
How much cash to hold is one of the trickier questions in investing.There are good arguments both for being fully invested and for keeping some dry power on the sidelines, and the volatility of the current stock market with a trade war brewing and the risk of a recession rising is causing some inves...The Motley Fool
Wed, May 21
Bitcoin Hits All-Time High Before Crashing. Ethereum and Dogecoin Are Along for the Ride Down.
Bitcoin (CRYPTO: BTC) was on fire early in the day on Wednesday, only to crash as the market dropped. Investors were reminded that Bitcoin doesn't run the world, the bond market does, and that was apparent today.The big news was a weak 20-year Treasury auction from the U.S. Treasury that resulted in...The Motley Fool
Wed, May 21
UnitedHealth falls on report it secretly paid nursing homes to reduce hospital transfers
By Sriparna RoyMay 21 (Reuters) - UnitedHealth UNH.N shares fell more than 6% on Wednesday after the UK's Guardian newspaper reported the company made secret payments to nursing homes to reduce hospital transfers, adding to the woes of the healthcare conglomerate.The alleged action, part of a s...Reuters
Wed, May 21
Jefferies downgrades rating, cuts PT alongside Citi on Australia's Nufarm on results, outlook
** Jefferies downgrades rating on Australia's Nufarm NUF.AX to "underperform" from "hold"; cuts PT to A$1.96 from A$4.40** Agricultural technology firm posted lower HY statutory net profit after tax of A$29.8 million ($19.20 million), vs A$49.2 million reported last year** Broker...Reuters
Wed, May 21
EnerSys reports results for the quarter ended March 31 - Earnings Summary
EnerSys ENS.N reported quarterly adjusted earnings of $2.97 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $2.08. The mean expectation of five analysts for the quarter was for earnings of $2.78 per share. Wall Street expected res...Reuters
Wed, May 21
Zoom Communications Inc reports results for the quarter ended April 30 - Earnings Summary
Zoom Communications Inc ZM.OQ reported quarterly adjusted earnings of $1.43 per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $1.35. The mean expectation of twenty six analysts for the quarter was for earnings of $1.31 per share. Wa...Reuters
Wed, May 21
Urban Outfitters Inc reports results for the quarter ended April 30 - Earnings Summary
Urban Outfitters Inc URBN.OQ reported quarterly adjusted earnings of $1.16 per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of twelve analysts for the quarter was for earnings of 84 cents per share. W...Reuters
Wed, May 21
Domo Inc reports results for the quarter ended April 30 - Earnings Summary
Domo Inc DOMO.OQ reported a quarterly adjusted loss of 9 cents per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of -33 cents. The mean expectation of five analysts for the quarter was for a loss of 20 cents per share. Wall Street expe...Reuters
Wed, May 21
Clearsign Technologies Corp reports results for the quarter ended March 31 - Earnings Summary
Clearsign Technologies Corp CLIR.OQ reported a quarterly adjusted loss of 4 cents per share for the quarter ended March 31. The lone analyst forecast for the quarter was for a loss of 3 cents per share. Revenue fell 63.6% to $401.00 thousand from a year ago; analysts expected $574.00 thousand. Th...Reuters
Wed, May 21
American Superconductor Corp reports results for the quarter ended March 31 - Earnings Summary
American Superconductor Corp AMSC.OQ reported quarterly adjusted earnings of 12 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of three analysts for the quarter was for earnings of 10 cents per...Reuters
Wed, May 21
