Today: 24 April 2026
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NASDAQ:UWM 31 January 2026

Rocket Companies stock slides 14% after PennyMac miss; RKT traders brace for Fed pick fallout and jobs data

Rocket Companies stock slides 14% after PennyMac miss; RKT traders brace for Fed pick fallout and jobs data

Rocket Companies shares fell 13.67% to $17.93 on Friday, with trading volume tripling its 50-day average. PennyMac Financial plunged 33% after reporting quarterly earnings far below estimates. UWM Holdings also dropped nearly 14% as mortgage stocks slid and both major indexes closed lower. Markets face added uncertainty after Donald Trump nominated Kevin Warsh to lead the Federal Reserve.

Stock Market Today

  • Jefferies Reaffirms Buy Rating for London Stock Exchange Group with £110 Target
    April 24, 2026, 4:32 PM EDT. Jefferies Financial Group reaffirmed a "buy" rating on London Stock Exchange Group (LSEG) shares, setting a £110 price target implying an 11.38% upside. The stock traded up 0.7% to GBX 9,876.29 on heavy volume of 83.4 million shares. Other analysts show mixed target revisions: Citigroup cut theirs to £131, Deutsche Bank lowered to £114, while JPMorgan raised theirs to £137. LSEG holds a market cap of £48.97 billion, with valuation metrics including a PE ratio of 41.67 and a beta of 0.38. The company recently announced a share repurchase program, indicating confidence in the stock's value. LSEG reported strong quarterly earnings with EPS of 420.60 GBX, maintaining a net margin of 13.41%. The consensus among seven analysts remains a "Buy" rating, with an average target of £122.

Latest article

Meta’s Amazon Chip Deal Shows AI Race Is Moving Beyond Nvidia GPUs

Meta’s Amazon Chip Deal Shows AI Race Is Moving Beyond Nvidia GPUs

24 April 2026
Meta has signed a multiyear deal worth billions to use Amazon Web Services’ Graviton5 chips for AI, deploying tens of millions of cores. Meta plans 2026 capital spending of up to $135 billion and will cut about 8,000 jobs, with layoffs effective May 20. Meta shares rose $16.87 to $676.02 near the U.S. close; Amazon gained $8.87 to $263.95. Meta will report first-quarter results after the market closes April 29.
Liberty Broadband Stock Plunges 26% as Charter Earnings Jolt Merger Bet

Liberty Broadband Stock Plunges 26% as Charter Earnings Jolt Merger Bet

24 April 2026
Liberty Broadband shares dropped about 26% Friday, mirroring a plunge in Charter Communications after Charter reported losing 120,000 internet customers last quarter, more than expected. Liberty holders are set to receive Charter stock under a pending merger, tying Liberty’s value to Charter’s share price. Charter closed down 26% at $179.04. Liberty’s Class A and C shares traded near $41.65 late in the session.
Ouster Stock Jumps as Atlanta Traffic Deal Puts BlueCity Near 2026 World Cup Sites

Ouster Stock Jumps as Atlanta Traffic Deal Puts BlueCity Near 2026 World Cup Sites

24 April 2026
Ouster Inc shares climbed 6.7% to $28.17 Friday after announcing its BlueCity lidar traffic system will be deployed at over 30 Atlanta intersections ahead of the 2026 FIFA World Cup. The expansion, in partnership with Georgia DOT and Southern Lighting & Traffic Systems, builds on earlier installations near Mercedes-Benz Stadium. Ouster will report first-quarter results May 5.
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