News
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Magnificent Seven stocks gain ground after worst quarter in years
** Magnificent Seven group of megacap stocks gain ground after individual stocks ended Q1 with biggest quarterly losses in years ** Over $2.3 trillion wiped off combined market value of cohort in Q1, says Dan Coatsworth, investment analyst at AJ Bell ** Tesla TSLA.O rallies 6.3%; co slumped over 35%...Reuters
Tue, Apr 1
Rekor Systems Inc reports results for the quarter ended December 31 - Earnings Summary
Rekor Systems Inc REKR.OQ reported a quarterly adjusted loss of 21 cents per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -16 cents. The mean expectation of two analysts for the quarter was for a loss of 8 cents per share. Wall S...Reuters
Tue, Apr 1
PREVIEW-nCino stock rises ahead of earnings
** nCino's NCNO.O shares advancing 1.5% ahead of qtrly results after the bell, with analysts expecting continued strong rev growth from the banking software platform** Analysts forecast qtrly rev up 14% to $140.8 mln, per LSEG, in line with rev growth in prev qtr; adjusted EPS seen at $0.19 vs $...Reuters
Tue, Apr 1
Why CoreWeave Stock Rocketed Higher Today
CoreWeave (NASDAQ: CRWV) stock has had a bumpy start after it hit the public markets last week. Its initial public offering (IPO) wasn't well received on Friday, and the stock plunged in its first full day of trading yesterday.Shares of the cloud infrastructure company are soaring today, however. Th...The Motley Fool
Tue, Apr 1
Jefferies initiates On with ‘hold’ rating amid slowing growth, valuation concerns
Investing.com -- Jefferies initiated coverage on On Holding AG with a "Hold" rating and a price target of $44, citing concerns over slowing growth, increasing competition, and a lack of significant noInvesting.com
Tue, Apr 1
LIVE MARKETS-iPhone sell-through rate dips in Feb as demand remains weak, brokerage UBS says
Main indexes gyrate: Nasdaq up ~0.5%, S&P ~flat, Dow dipsCons disc leads S&P sector gainers; Healthcare weakest groupDollar ~flat; crude, gold dip; bitcoin up >3%US 10-Year Treasury yield falls to ~4.16%Welcome to the home for real-time coverage of markets brought to you by Reuters report...Reuters
Tue, Apr 1
U.S. STOCKS ON THE MOVE-Shake Shack, SatixFy, Enova
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stock indexes bounced off session lows on Tuesday, helped by gains in heavyweight technology stocks and Tesla, while investors awaited details on fresh U.S. tariffs set to be announced ...Reuters
Tue, Apr 1
Roblox bounces after Google tie-up
** Roblox's RBLX.N shares up 4.8% at $61.08 and on track to break four-session losing streak on Tues after gaming platform announced partnership with Google GOOGL.O** Co on Tues launched new video advertising format and tie-up with Alphabet's Google aims to help boost growth of its emerging ...Reuters
Tue, Apr 1
Why Shares of Newsmax Are Up More Than 1,123% Since Its IPO
Class B shares of the right-leaning media outlet Newsmax (NYSE: NMAX) have blasted more than 1,123% higher since its initial public offering on March 31. The stock appears to be trading like a meme stock: Shares had roughly doubled today at 1:13 p.m. ET.This small cable news network is off to the ra...The Motley Fool
Tue, Apr 1
WNS rises after Reuters report of takeover interest from potential buyers
** Shares of technology outsourcing firm WNS Holdings WNS.N rise 5.9% to $65.13** WNS is exploring a sale after attracting acquisition interest from potential suitors, including Capgemini CAPP.PA, Reuters reports, citing people familiar with the matter ** If the talks are successful, a deal could be...Reuters
Tue, Apr 1
EXCLUSIVE-Outsourcing firm WNS fields takeover interest, sources say
By Milana Vinn and Amy-Jo CrowleyNEW YORK, April 1 (Reuters) - WNS Holdings WNS.N, a technology outsourcing services firm with a market value of $2.8 billion, is exploring a sale after attracting acquisition interest from potential suitors including Capgemini CAPP.PA, according to people familiar wi...Reuters
Tue, Apr 1
Why Shares of Axsome Therapeutics Slumped Today
Shares of biopharmaceutical company Axsome Therapeutics (NASDAQ: AXSM) had declined 6% at 11 a.m. ET today. The slump comes after the company announced the results of a phase 3 trial of solriamfetol (brand name Sunosi) in major depressive disorder (MDD). What the results meanThe trial was somewhat c...The Motley Fool
Tue, Apr 1
Wellness stocks to benefit from a 'generational shift toward healthy habits': BofA
Investing.com -- A generational shift toward healthy habits is driving growth in wellness-related stocks, according to Bank of America (NYSE:BAC). Younger demographics, including Gen Z and millennialsInvesting.com
Tue, Apr 1
Federer-backed On extends slide after co-CEO departure announced
** Shares of Roger Federer-backed On Holding AG ONON.N down 3.4% to $42.44 on Tues after announcing transition to single CEO-structure ** ONON shares on track to fall for sixth straight session ** Switzerland-based sportswear firm on Tues said co-CEO Marc Maurer has decided to depart afte...Reuters
Tue, Apr 1
CoreWeave rises above IPO price on third trading day
April 1 (Reuters) - Artificial intelligence startup CoreWeave's CRWV.O shares were up 17% at $43.50 on their third day of trading on Tuesday, above their initial public offering price of $40.On Friday, the Nvidia NVDA.O-backed stock debuted for trading at $39, giving the AI infrastructure firm a...Reuters
Tue, Apr 1
Tesla stock rallies despite European sales slump
** Tesla TSLA.O stock up 6% despite data showing sales in key European markets fell in March, marking lowest first-qtr sales in France and Sweden since 2021** Sales drop attributed to competition from Chinese EV makers and backlash against CEO Elon Musk's political views, which has lead to vanda...Reuters
Tue, Apr 1
LIVE MARKETS-After forecast cuts, Goldman's Kostin on where to invest
Main indexes gyrate: Nasdaq up ~0.8%, S&P up ~0.3%, Dow ~flatCons disc leads S&P sector gainers; healthcare weakest groupDollar ~flat; crude, gold dip; bitcoin up >3%US 10-Year Treasury yield falls to ~4.16%Welcome to the home for real-time coverage of markets brought to you by Reuters re...Reuters
Tue, Apr 1
LIVE MARKETS- Emerging market currencies brace for tariff shock
Main indexes gyrate: Nasdaq up ~0.5%, S&P edges green, Dow slipsCons disc leads S&P sector gainers; healthcare weakest groupEuro STOXX 600 index up ~1.1%Dollar ~flat; crude, gold dip; bitcoin up >3%US 10-Year Treasury yield falls to ~4.16%Welcome to the home for real-time coverage of mark...Reuters
Tue, Apr 1
BofA downgrades Knight-Swift as truckload weakness puts targets under pressure
Investing.com --Bank of America downgraded Knight-Swift Transportation Holdings Inc to "neutral" from "buy" given a lack of catalysts and high estimates that are under pressure. Brokerage also lowereInvesting.com
Tue, Apr 1
