News
Important Only
UBS downgrades Reinsurance Group of America to 'neutral', cuts PT
** Brokerage UBS downgrades life and health reinsurer Reinsurance Group of America RGA.N to "neutral" from "buy"; cuts PT to $216 from $250** Cites execution risk on annual capital deployment target as well as on the Equitable Holdings EQH.N deal** Says the recent overhang on shares ...Reuters
Wed, Apr 2
US STOCKS-Wall Street advances ahead of Trump's tariff plan unveiling
Indexes up: Dow 0.34%, S&P 500 0.48%, Nasdaq 0.79% Trump's tariff announcement at 4:00 p.m. ETADP, factory orders beat estimatesTesla turns higher after reports Musk to leave govt roleBy David French April 2 (Reuters) - U.S. stock indexes maintained gains on Wednesday afternoon in a rebou...Reuters
Wed, Apr 2
Truist upgrades Scotts Miracle-Gro to 'buy'; shares up
** Shares of lawn and garden care chemical maker Scotts Miracle-Gro SMG.N rise as much as 5.8% to $57.93** Brokerage upgrades stock to "buy" from "hold"** Says U.S. lawn and garden category has normalized post-COVID and co is well positioned to navigate macro turbulence that is expe...Reuters
Wed, Apr 2
Why Amazon Stock Is Soaring Today
Shares of Amazon (NASDAQ: AMZN) are climbing on Wednesday. The company's stock gained 2.6% as of 1:30 p.m. ET and as much as 3.2% earlier in the day. The gain comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 0.9% and 1.3%, respectively.The tech behemoth has re...The Motley Fool
Wed, Apr 2
Arcutis rises after halting patent dispute with Padagis
**Shares of drugmaker Arcutis Biotherapeutics ARQT.O rise 12.9% to $16.91 ** Co says it has agreed to temporarily pause a patent lawsuit with Israel-based Padagis regarding the latter attempting to produce a generic version of ARQT's Zoryve** Zoryve is used to treat skin disorders including plaq...Reuters
Wed, Apr 2
Why Newsmax Stock Is Getting Crushed Today
Shares of the conservative media outlet Newsmax (NYSE: NMAX) had sunk by nearly 50% as of 1:25 p.m. ET today. There was no obvious reason behind the move but the stock has traded like a meme stock since going public on Monday, so big moves are to be expected.Meme stocks are volatileNewsmax, which ha...The Motley Fool
Wed, Apr 2
AppLovin rises after report says it is a bidder for TikTok
** Shares of marketing platform AppLovin APP.O rise 4.5% to $295.52** CNBC reports that APP is a bidder for TikTok** OnlyFans founder Tim Stokely, in partnership with a cryptocurrency foundation, have submitted a late-stage plan to acquire TikTok, Reuters reported earlier** Amazon.com AMZN.O has put...Reuters
Wed, Apr 2
Why Tesla Stock Is Soaring Today
Shares of Tesla (NASDAQ: TSLA) are rebounding on Wednesday. The electric vehicle maker's stock gained 5.1% as of 12:22 p.m. ET after falling as much as 6.4% earlier in the day. The recovery comes as the S&P 500 and Nasdaq Composite gained 0.5% and 0.9%, respectively.A report suggesting CEO Elon Musk...The Motley Fool
Wed, Apr 2
Amazon rises after US administration official confirms its bid for TikTok
** Shares of Amazon AMZN.O rise 3% to $198 after the e-commerce giant bids to buy TikTok ** A Trump administration official confirmed to Reuters that AMZN has put in a bid to buy TikTok** Amazon's bid came via an offer letter to U.S. Vice President JD Vance and Commerce Secretary Howard Lutnick,...Reuters
Wed, Apr 2
Sportsman's Warehouse more than doubles after sales beat
** Shares of Sportman's Warehouse SPWH.O last up 97% to $1.90 on Weds after qtrly sales top Wall Street estimates** SPWH rises as much as 125.8% on the session to $2.19, highest since Jan 30** West Jordan, Utah-based outdoor sporting goods retailer late Tues posted Q4 sales of $340.4 mln, down ...Reuters
Wed, Apr 2
Why BlackBerry Stock Is Plummeting Today
Shares of BlackBerry (NYSE: BB) are falling on Wednesday. The technology company's stock lost 8.6% as of 3:30 p.m. ET and was down as much as 21.2% earlier in the day. The steep decline comes as the S&P 500 and Nasdaq Composite showed more modest movement.The Canadian tech company and once king of t...The Motley Fool
Wed, Apr 2
Why Rocket Companies Stock Is Flying Higher Today
Shares of Rocket Companies (NYSE: RKT) are soaring on Wednesday. The mortgage company's stock gained 11.3% as of 11:50 a.m. ET and was up as much as 15.7% earlier in the day. The jump comes as the S&P 500 and Nasdaq Composite showed modest gains.A major Wall Street bank upgraded the stock following ...The Motley Fool
Wed, Apr 2
Enovis falls after reiterating Q1 revenue forecast, new CEO appointment
** Medical device maker Enovis Corp ENOV.N down 4% at $35.76 ** ENOV reiterates Q1 revenue forecast to be in the range of $555 million to $563 million vs analysts' estimate of $559.6 million, according to data compiled by LSEG** Brokerage Evercore ISI analyst Vijay Kumar says shares are down par...Reuters
Wed, Apr 2
Why Some Quantum Computing Stocks Soared Last Month (While Others Slumped)
Stocks in the quantum computing industry went all over the place in March. According to data from S&P Global Market Intelligence, D-Wave Quantum (NYSE: QBTS) rose 38.7%, and Quantum Computing (NASDAQ: QUBT) gained 31.9%. At the same time, shares of Rigetti Computing (NASDAQ: RGTI) fell 6.4%, and Ion...The Motley Fool
Wed, Apr 2
FTSE 100 ends lower ahead of Trump's tariffs announcement
UK won't jeopardise US trade talks with rushed tariff response, says ReevesUK healthcare sector closes at lowest in nearly a monthBakkavor rises on rival Greencore's takeover offer FTSE 100 down 0.3%, FTSE 250 up 0.3% April 2 (Reuters) - Britain's FTSE 100 fell on Wednesday as investo...Reuters
Wed, Apr 2
Amazon rises after report company makes bid for TikTok in US
** Shares of Amazon AMZN.O rise 1.5% to $195.1 after New York Times report says the e-commerce giant has bid to buy TikTok ** Amazon has put in a last-minute offer to buy the short-form video app in the U.S., NYT reports, citing sources familiar with the matter** Amazon's came via an offer lette...Reuters
Wed, Apr 2
U.S. STOCKS ON THE MOVE-M-tron, Rocket Companies, TKO Group
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes fell on Wednesday as investors worried about the potential impact of U.S. President Donald Trump's sweeping tariffs on the global economy, corporate earnin...Reuters
Wed, Apr 2
European stocks drop ahead of Trump's tariff announcement
White House tariff announcement planned for 2000 GMTHealthcare sector at lowest since December Svitzer shares surge after A.P. Moller Holding's cash offerLagarde warns on tariff impact Europe plans proportionate response to U.S. tariffs - FerracciBy Sukriti Gupta, Medha Singh and Lisa Pauline Ma...Reuters
Wed, Apr 2
