Nu Holdings shares rise as Nubank faces key credit test
Nu Holdings shares traded higher Wednesday, rebounding after last week’s earnings stumble. Investors weighed the digital bank’s record profit against increased credit-loss charges.
Stocks Climb Ahead of Nvidia Earnings as Wall Street Waits
Chip stocks pulled U.S. indexes higher early Wednesday ahead of Nvidia's report after the close, while easing oil and bond moves helped sentiment. The S&P 500 was up 0.18% at 7,366.51, the Nasdaq Composite climbed 0.45% to 25,988.36 and the Dow Jones Industrial Average added 0.42% to 49,573.21, LSEG data showed, as reported by Reuters.
Dow Up 200 Points Ahead of Nvidia Report
Dow Jones up 209 points to 49,573 in late-morning trading Wednesday, as blue chips tracked a wider U.S. stock rebound. The Nasdaq Composite rose 0.45% and the S&P 500 was up 0.18%. Numbers are from delayed LSEG data via Reuters.
Carnival Shares Rise as Dividend Returns, Fuel Exposure in View
Carnival Corporation Ltd. stock moved up at the open in New York on Wednesday, clawing back some of Tuesday’s losses. Traders are looking at the company’s dividend plans and a recent corporate simplification, but fuel costs remain a risk.
Mister Car Wash Drops Off Nasdaq After $3.1 Billion Buyout
Mister Car Wash is now private after Leonard Green & Partners finished its buyout of the Tucson car wash chain. The $3.1 billion deal takes the company off Nasdaq. LGP paid $7.00 a share for the stock it didn’t already own, with management keeping some of its stake.
POET Technologies Jumps After $400M AI Photonics Raise, Dilution Questions Linger
POET Technologies Inc. shares rose early Wednesday on the Nasdaq. The move comes after investors sold the stock on dilution worries linked to its new US$400 million financing, which has now closed. POET was last up around 11% to $14.55, after opening at $14.70. The stock traded as high as $15.21 earlier in the session.
Apellis Shares Disappear After Biogen’s $5.6 Billion Buy—One Play Left
Apellis Pharmaceuticals is off the Nasdaq tape now that Biogen has finished its buyout. The focus moves to Biogen and if it can pull enough revenue from Syfovre and Empaveli to make the acquisition pay.
TJX Stock Moves Up Ahead of Opening After Boosted Forecast
TJX Companies, Inc. raised its full-year sales and earnings forecasts Wednesday, saying shoppers are still coming to T.J. Maxx, Marshalls and HomeGoods. The move gives investors more signs that discount chains continue to attract families looking to manage expenses.
AmpliTech Jumps on 5G Win, Eyes North America Sales
AmpliTech Group shares rose before the bell Wednesday after it said its full indoor 5G Native Distributed Antenna System, or DAS, got approval in the U.S. and Canada. The system aims to boost wireless coverage inside buildings.
Intuit’s Q3 Numbers Land as Shares Down 39%
Intuit will post fiscal Q3 results after the close Wednesday, as the TurboTax parent faces investors following a sharp drop in its shares and debate over what AI means for growth. The earnings call starts at 1:30 p.m. Pacific.
NextNRG Shares Double as Record April Sales Drive Gains
NextNRG Inc. shares fell in premarket on Wednesday after surging yesterday. Traders focused on the company’s record April revenue, but concerns lingered over its low cash and the need to raise more money.
GCL Global up after ADATA invests $10M; Nasdaq $1 rule still ahead
GCL Global Holdings Ltd shares jumped in U.S. premarket trading Wednesday. The Singapore-based games and entertainment firm got a new $10 million investment from ADATA Technology into its 4Divinity unit. Google Finance quoted the Nasdaq stock near 80 cents before the bell, up from Tuesday’s 43-cent finish.
Analog Devices heads into AI test after record quarter, $1.5 billion deal
Analog Devices gave an upbeat revenue forecast Wednesday and said it would buy Empower Semiconductor for $1.5 billion in cash. The guidance came in ahead of Wall Street targets and the deal adds to signs the AI push is moving into power chips and sensors too.
Hasbro’s Magic Keeps Wall Street Looking at the Stock
Hasbro Inc beat forecasts for revenue and adjusted earnings in the first quarter, the company said Wednesday. Magic: The Gathering and other digital titles drove demand, even as a cybersecurity issue led to a delay in the full results. Hasbro posted $1 billion in revenue, topping LSEG's $964.38 million consensus. Adjusted EPS was $1.47, more than the $1.13 expected.
VF Stock Moves Higher After Company Says Growth Is Returning
VF Corp shares jumped in premarket trading Wednesday after the owner of The North Face, Vans and Timberland beat quarterly sales forecasts and guided for more revenue growth this year. The Wall Street Journal said investors may be giving CEO Bracken Darrell’s turnaround plan more runway, noting the stock was up 8.2% to $18.11 before the open.
Lowe’s Beat Wall Street. Why Investors Still Sold the Stock
Lowe’s Companies kept its full-year forecast on Wednesday after beating quarterly sales and profit estimates, but the shares slipped before the bell as investors looked past the headline beat and back to the weak U.S. housing market.
CleanSpark Stock Jumps as Wall Street Chases the AI Power Trade
CleanSpark Inc shares rose before the U.S. open on Wednesday, extending a sharp Tuesday rally, after a Bernstein call put fresh attention on bitcoin miners that own scarce power capacity for artificial intelligence data centers. The stock was quoted at $14.94 in pre-market trading at 07:15 EDT, up 1.7% from Tuesday’s $14.69 close, while bitcoin traded near $77,400.
Silexion’s Cancer Trial Push Puts Focus on Cash
Silexion Therapeutics Corp is pushing its top pancreatic cancer drug toward a mid-to-late-stage trial in people, getting nearer to a key clinical test as its cash runway gets tighter. The small biotech is listed on Nasdaq.
CAVA Jumps in Pre-Market After New Traffic Data Update
Cava Group shares rose in premarket trade Wednesday. The Mediterranean fast-casual chain reported solid customer traffic, topped first-quarter forecasts and raised its full-year outlook.
AEP Restores San Angelo Outage as Texas Grid Worries Continue
AEP Texas mostly got power back on in Tom Green County by early Wednesday, after equipment failed at a south San Angelo substation and knocked out electricity, local reports and the company’s outage map said. Concho Valley Homepage said about 7,800 AEP Texas customers lost power in parts of San Angelo and Tom Green County on Tuesday.
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