Check out the companies making headlines in premarket trading. Spotify — The music platform rose more than 2% after Wells Fargo named Spotify a top stock pick . Analyst Steven Cahall is particularly bullish on the company’s rising margins, strong product mix and evolving record label relationships. The bank currently has an outperform rating on […]
Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images LONDON — Kristo Käärmann, the billionaire CEO of money transfer firm Wise, was slapped with a £350,000 ($454 million) fine by financial regulators in the U.K for failing to report an issue with his tax filings. Käärmann, who co-founded Wise in […]
After a sweeping look at global trade shifts, JPMorgan strategists have concluded that some of Apple’s Chinese suppliers could benefit from the trend of supply chain diversification. The Oct. 18 report looked at 10 aspects of “the great supply chain relocation and the rise of trading blocs.” The analysis ranged from China’s dominance in the […]
Check out the companies making headlines in midday trading: Tapestry , Capri — Shares of Tapestry rallied more than 14%, while Capri’s stock tumbled 47%. The sharp moves come after a judge ruled in favor of the Federal Trade Commission’s case to block Tapestry’s acquisition of Capri . L3Harris Technologies — Shares rose 3.5% after […]
Check out the companies making headlines in premarket trading. Deckers Outdoor — The maker of Ugg and Hoka jumped 14% following its big earnings beat. Deckers posted earnings of $1.59 per share, topping the $1.24 a share expected from analysts polled by LSEG. Revenue was $1.31 billion, well above the $1.20 billion consensus estimate. Digital […]
There are many technical indicators for traders to choose from. For Carter Worth, there’s one that stands out above all others: volume. “A lot of charters don’t look at volume. They say it’s all in the price action. … but volume is the essential criteria,” Worth, the founder of Worth Charting with more than three […]
Check out the companies making headlines in extended trading. Dexcom — Shares slid nearly 7%, despite the manufacturer of diabetes management devices posting a third-quarter adjusted earnings and revenue beat. Dexcom also reaffirmed full-year revenue guidance that encompassed FactSet’s estimate. L3Harris Technologies — The defense stock climbed 4% after posting a third-quarter beat on both […]
Check out the companies making headlines in midday trading: Lilium — U.S.-listed shares fell more than 57% after the German air taxi startup said in a regulatory filing that its two main subsidiaries would file for insolvency , which is when debts cannot be repaid, in the next few days. Shares of Lilium, which is […]
Check out the companies making headlines before the bell. Tesla – Shares of the electric vehicle maker soared nearly 13% thanks to the company’s better-than-expected profit for the third quarter. The company also expects to see vehicle growth of 20% to 30% next year, according to CEO Elon Musk. United Parcel Service – The parcel […]
Chinese smartphone company Oppo ranks second in mainland China, and fourth worldwide, according to Canalys. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese smartphone company Oppo is doubling down on artificial intelligence as it holds weekly talks about AI with senior management at Google and Microsoft in the run-up to the launch of its […]
