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Why QXO Stock Is Shooting Higher Today
A Wall Street analyst has high hopes for building products distributor QXO (NYSE: QXO), and investors are taking note.Shares of QXO traded up 12% as of 10:30 a.m. ET after Wolfe Research set a target price for the stock that is more than 150% above where the shares closed Thursday.Where to invest $1...The Motley Fool
Fri, Jun 6
South African rand retreats after strong US jobs data
JOHANNESBURG, June 6 (Reuters) - The South African rand was flat against a firmer dollar on Friday, after the world's largest economy recorded stronger-than-expected employment data.At 1413 GMT the rand traded at 17.7775 against the dollar ZAR=D3, little changed from Thursday's closing level...Reuters
Fri, Jun 6
FACTBOX-Hedge funds lifted by stocks, stymied by bonds in May, say sources
Funds take losses in whipsawed marketsStocks lifted performance for someMulti-strat returns broadly positiveBy Nell Mackenzie and Summer Zhen LONDON/HONG KONG, June 6 (Reuters) - Hedge funds rose in May on a weaker dollar and by exploiting market dislocations following April's global trade sh...Reuters
Fri, Jun 6
CANADA STOCKS-TSX set for record high after US jobs data, trade optimism
By Sanchayaita Roy June 6 (Reuters) - Canada's main stock index was headed for a record high on Friday, as a better-than-expected U.S. jobs report and signs of easing trade tensions between Washington and China fueled investor optimism.The Toronto Stock Exchange's S&P/TSX composite i...Reuters
Fri, Jun 6
US STOCKS-Wall Street rises on jobs data optimism; Tesla rebounds
Indexes up: Dow 1.28%, S&P 500 1.16%, Nasdaq 1.28%Lululemon sinks on lowering annual profit forecastDocuSign falls after quarterly resultsBy Kanchana Chakravarty and Sukriti Gupta June 6 (Reuters) - U.S. stocks rose on Friday after a better-than-expected jobs report calmed worries about t...Reuters
Fri, Jun 6
Sunnova Energy gains on plan to halve workforce
** Shares of residential solar firm Sunnova Energy NOVA.N rise 6.2% to 21 cents** Company to cut about 55% of its workforce, or 718 employees, in a bid to slash costs amid huge debt pile and sluggish demand** Unit Sunnova TEP Developer also filed for Chapter 11 bankruptcy protection in the U.S. *...Reuters
Fri, Jun 6
LIVE MARKETS-Wall Street rallies after solid jobs report
Wall Street's 3 main equity indexes advance more than 1% All S&P sectors green; Energy, Comm Svcs leadDollar rallies; crude up >1.5%; bitcoin gains ~4%; gold dipsUS 10-Year Treasury yield rises to ~4.46%Welcome to the home for real-time coverage of markets brought to you by Reuters report...Reuters
Fri, Jun 6
From bros to foes: how the unlikely Trump-Musk relationship imploded
Trump's relationship with Musk was unprecedentedRift between the two men spurred fall in Tesla sharesWhite House says no phone call with Musk on FridayBy Nandita Bose and Jeff Mason WASHINGTON, June 6 (Reuters) - When Donald Trump met privately with White House officials on Wednesday, there w...Reuters
Fri, Jun 6
Software firm Braze slides after cutting annual profit outlook
** Shares of customer engagement platform Braze BRZE.O down 14.5% to $30.87, over one-month low, early Fri after software firm slashes earnings forecast** BRZE shares on track for biggest one-day pct drop in exactly nine months, when they shed 19.4% after qtrly report** New York-based firm late Thur...Reuters
Fri, Jun 6
Omada Health set to open higher in Nasdaq debut after $150 million IPO
** Virtual chronic care provider Omada Health's OMDA.O shares set to open 60% above their offer price in their Nasdaq debut ** Stock recently indicated to open at $30.40 apiece vs $19 IPO price** San Francisco, California-based OMDA late on Thursday raised $150.1 million by selling 7.9 million s...Reuters
Fri, Jun 6
Oshkosh rises after brokerages hike PT
** Machinery manufacturer Oshkosh Corp OSK.N shares up nearly 2% at $112 in early trade** J.P. Morgan reiterates "neutral" rating and Jefferies maintains "hold"; both brokerages raise PT** Says outlook for defense and vocational segment remains favorable over the near term** However,...Reuters
Fri, Jun 6
Why Shares of MP Materials Are Soaring This Week
Extending its 10.7% gain from last week, MP Materials (NYSE: MP) stock has roared into June. The trade war between the United States and China shows little indication that it's going to resolve anytime soon, motivating investors to click the buy button on the rare earths producer.According to data p...The Motley Fool
Fri, Jun 6
Why Credo Technology Rocketed Higher This Week
Shares of data center connectivity company Credo Technology (NASDAQ: CRDO) rocketed 19.8% this week through Thursday trading, according to data from S&P Global Market Intelligence.Credo reported its fiscal fourth-quarter earnings report this week, posting triple-digit growth on the back of strong ad...The Motley Fool
Fri, Jun 6
Better AI Stock: C3.ai vs. Palantir
C3.ai (NYSE: AI) and Palantir (NASDAQ: PLTR) represent two different ways to invest in the booming artificial intelligence (AI) market. C3.ai develops data-ingesting AI modules that can be plugged into an organization's existing infrastructure or run as standalone services. Palantir operates two mai...The Motley Fool
Fri, Jun 6
Energy stocks gain as US-China trade talks resume
** S&P 500 Energy index .SPNY up 1.8%, tracking a rise in oil prices O/R** Brent Crude futures LCOc1 up 1.7% at $66.43/barrel; U.S. West Texas Intermediate crude CLc1 rises 1.8% to $64.52/barrel** Crude prices rise after U.S. President Donald Trump and Chinese leader Xi Jinping resumed trade ta...Reuters
Fri, Jun 6
Why Nucor Stock Jumped 10% This Week
Not every investor wants to invest in a cyclical sector. But it can be an important addition to a well-diversified portfolio. Nucor (NYSE: NUE) is the largest pure-play steel and steel products company in North America.While it is most commonly thought of as more of an income stock than a growth sto...The Motley Fool
Fri, Jun 6
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