Seagate Technology STX shares rose about 3% in trading on Wednesday after the data storage company reported stronger-than-expected fiscal fourth-quarter results and issued an upbeat outlook. The stock rebounded after falling 8.5% in the previous session. Despite a 23% decline in July, Seagate shares have gained nearly 404% over the past 12 months. For the… Continue reading Seagate stock jumps as AI demand drives earnings beat, bullish outlook
stocktrader
Qualcomm stock: options market, technicals point to volatility after earnings
Qualcomm stock price continued its strong downward trend this week, reaching its lowest level since April 30. QCOM has plunged by over 37% from its highest point this year, with its market capitalization falling from $265 billion to $171 billion. Qualcomm’s crash has coincided with the ongoing sell-off among other semiconductor companies. The VanEck Semiconductor… Continue reading Qualcomm stock: options market, technicals point to volatility after earnings
Dow drops 450 points as Fed decision, chip selloff weigh on US stocks
US stocks opened lower on Wednesday as investors awaited the Federal Reserve’s latest interest rate decision while monitoring renewed geopolitical tensions in the Middle East and another round of major technology earnings. Dow Jones Industrial Average fell more than450 points, pressured in part by weakness in Procter & Gamble after the consumer products company missed… Continue reading Dow drops 450 points as Fed decision, chip selloff weigh on US stocks
DRAM ETF at risk as SK Hynix, Micron, SanDisk stocks plunge despite inflows
The Roundhill Memory ETF (DRAM) has been in a free fall this week, reaching its lowest level since May 7 this year. It has plunged by over 43% from its highest point this year. This retreat may continue after the latest SK Hynix earnings, which pushed its stock to its lowest level since April 30th. … Continue reading DRAM ETF at risk as SK Hynix, Micron, SanDisk stocks plunge despite inflows
Why is Micron stock rising today despite SK Hynix’s earnings-led selloff?
Micron Technology (MU) shares held firm in premarket trading on Wednesday, even as South Korean memory giant SK Hynix suffered a sharp selloff following its second-quarter earnings. The move suggests investors may be distinguishing between short-term earnings disappointment and the longer-term outlook for artificial intelligence-driven memory demand. SK Hynix shares plunged more than 9% in… Continue reading Why is Micron stock rising today despite SK Hynix’s earnings-led selloff?
Love the JEPQ and QQQI ETFs? Here’s why Goldman Sachs GPIQ is better
The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has grown to become one of the biggest active funds in the United States, with over $39 billion in assets under management (AUM). Its assets have jumped because of the elevated inflows and its performance over time. Investors have flocked to JEPQ because of its strong performance,… Continue reading Love the JEPQ and QQQI ETFs? Here’s why Goldman Sachs GPIQ is better
Lucid stock jumps 20% as Saudi billionaire prince buys the dip: what next?
Lucid stock continued its recent recovery, reaching its highest level since April 15, after a Saudi prince bought a large stake in the company, despite bankruptcy and cash burn risks. LCID jumped to $7.90, up sharply from this month’s low of $2.40. Lucid Group stock jumps as Prince Alwaleed buys stake LCID stock soared as… Continue reading Lucid stock jumps 20% as Saudi billionaire prince buys the dip: what next?
Why is Ford stock surging despite a $1.3 billion loss?
Ford stock jumped more than 5% in after-hours trading on Tuesday even after the automaker reported a $1.3 billion second-quarter net loss, as investors focused on stronger underlying earnings and a raised outlook. The company delivered adjusted earnings of 42 cents a share, ahead of the 36-cent consensus, while adjusted EBIT rose by $400 million… Continue reading Why is Ford stock surging despite a $1.3 billion loss?
European shares edge higher as miners and energy stocks lead gains
European shares edged higher on Wednesday, supported by gains in mining and energy stocks. Investors continued to track developments in the Middle East while also looking ahead to earnings reports from major US technology companies. The pan-European STOXX 600 rose 0.35% to 648.54 points by 0704 GMT. The move reflected a cautious rise in European… Continue reading European shares edge higher as miners and energy stocks lead gains