News
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PREVIEW: Cisco seen posting 11% y/y revenue jump on AI infrastructure demand
** Shares of Cisco Systems Inc CSCO.O down ~1% amid range-bound trading on Weds ahead of the company's qtrly report due after the bell ** Networking equipment maker seen posting adj EPS of $0.92, a 4.3% y/y increase, on rev of $14.1 bln, or 10.8% more than year-ago qtr, according to LSEG** On Ma...Reuters
Wed, May 14
Xenetic Biosciences Inc reports results for the quarter ended March 31 - Earnings Summary
Xenetic Biosciences Inc XBIO.OQ reported a quarterly adjusted loss of 59 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -78 cents. The lone analyst forecast for the quarter was for a loss of 72 cents per share. Revenue rose...Reuters
Wed, May 14
Loar Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
Loar Holdings Inc LOAR.N reported quarterly adjusted earnings of 20 cents per share for the quarter ended March 31. The mean expectation of four analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 16 cents to 20 cents per share.Revenue was $...Reuters
Wed, May 14
Elicio Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Elicio Therapeutics Inc ELTX.OQ reported a quarterly adjusted loss of 87 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-1.15. The mean expectation of three analysts for the quarter was for a loss of 83 cents per share. Wa...Reuters
Wed, May 14
Chicago Atlantic BDC Inc reports results for the quarter ended March 31 - Earnings Summary
Chicago Atlantic BDC Inc LIEN.OQ reported quarterly adjusted earnings of 34 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of two analysts for the quarter was for earnings of 31 cents per shar...Reuters
Wed, May 14
Why Super Micro Computer Stock Soared Again Today
The rally in Super Micro Computer (NASDAQ: SMCI) stock continued today as investors got another positive data point on the artificial intelligence (AI) server maker.One day after the stock jumped after Wall Street analysts said it was one of the best ways to get exposure to AI, Supermicro, as the co...The Motley Fool
Wed, May 14
Why Intel Stock Is Sinking Today
Shares of Intel (NASDAQ: INTC) are falling on Wednesday. The semiconductor giant's stock lost 4.4% as of 3:30 p.m. ET and as much as 4.9% earlier in the day. The fall comes as the S&P 500 lost 0.2% and the Nasdaq Composite rose 0.3%.A Citi research note revealed Intel's market share has fallen to a ...The Motley Fool
Wed, May 14
Seaport starts coverage of Enova with 'buy' rating
** Seaport Research initiates coverage of online financial services provider Enova International ENVA.N with a "buy" rating, saying co has a strong competitive advantage** Brokerage says ENVA has a superior data advantage that is applied to all aspects of its business** "As an online len...Reuters
Wed, May 14
U.S. STOCKS ON THE MOVE-Robinhood, Oklo, Chimera Investment
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8The S&P 500 wavered between gains and losses on Wednesday after a robust start to the week spurred by soft inflation data and the U.S.-China tariff truce, as investors watched for trade ...Reuters
Wed, May 14
Halozyme falls after Morgan Stanley downgrades
** Shares of biopharma co Halozyme Therapeutics HALO.O fall 4.5% to $47.98** Morgan Stanley downgrades HALO's rating to "equal-weight" from "overweight"; cuts PT to $62 from $73** The U.S. Centers for Medicare and Medicaid Services (CMS) draft may impact HALO's drug pricing, ...Reuters
Wed, May 14
Why Remitly Global Stock Was Sliding Today
Shares of Remitly Global (NASDAQ: RELY), the tech-forward remittance specialist, were pulling back today due to talk in Washington about a possible remittance tax as lawmakers look for ways to dissuade immigrants from sending money out of the country or collect a fee on those transactions.As a resul...The Motley Fool
Wed, May 14
Why Arcos Dorados Stock Is Sinking Today
Arcos Dorados (NYSE: ARCO) is the largest independent McDonald's franchisee with 2,400 locations across Latin America and the Caribbean. Its shares were down 7% as of 1 p.m. ET Wednesday, according to data provided by S&P Global Market Intelligence.The sub-franchisee reported first-quarter earnings ...The Motley Fool
Wed, May 14
Giftify Inc reports results for the quarter ended March 31 - Earnings Summary
Giftify Inc GIFT.OQ reported a quarterly adjusted loss of 11 cents per share for the quarter ended March 31. The lone analyst forecast for the quarter was for a loss of 10 cents per share. Revenue was $22.28 million; analysts expected $24.80 million. Giftify Inc's reported EPS for the quarte...Reuters
Wed, May 14
Waymo recalls 1,200 self-driving vehicles in US after minor collisions
Waymo software update is to address collisions with gates, chains and other roadway barriersAlphabet unit running more than 250,000 rides weeklyWaymo plans to expand to cities including Miami, WashingtonBy David Shepardson, Deborah Mary Sophia WASHINGTON, May 14 (Reuters) - Alphabet's GOOGL.O...Reuters
Wed, May 14
LIVE MARKETS-Retailers, Nvidia still due to report this earnings season
Nasdaq up ~0.4%, S&P 500 edges red, Dow dipsHealthcare weakest S&P 500 sector; Comm Svcs leads gainersDollar ~flat; crude dips; bitcoin off ~1.5%; gold down ~2%US 10-Year Treasury yield rises to ~4.53%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. ...Reuters
Wed, May 14
Magnera slides after Wells Fargo downgrades to 'equal weight' rating
** Shares of papers manufacturer Magnera Corporation MAGN.N fall ~5.6% to $14.2** Wells Fargo downgrades MAGN to "equal weight" from "overweight" rating, citing elevated tariff-related risk in the foreseeable future** Brokerage expects MAGN's volumes to likely decline year-over-y...Reuters
Wed, May 14
Chimera Investment Corp rises after UBS upgrades on strong book value performance
** Brokerage UBS upgrades mortgage REIT Chimera Investment Corp CIM.N to "buy" from "neutral", raises PT to $15 from $11.50** New PT represents an 11.5% upside to the stock's last close** Shares of CIM rise 3.3% to $13.46** CIM's book value has performed better than expected,...Reuters
Wed, May 14
