stocktrader

Reddit Inc (RDDT) is facing intense selling pressure on Wednesday as investor actively recalibrate their exposure to high-multiple technology assets. Following today’s pullback, RDDT sits decisively below its major moving averages (MAs) – with an RSI in the early 40s indicating further downside room before the stock hits “oversold” territory. Versus its year-to-date, Reddit stock… Continue reading Reddit stock: 3 reasons why it’s slipping today

AMC Entertainment Holdings shares surged 17% on Wednesday after Chief Executive Officer and Chairman Adam Aron disclosed a substantial open-market purchase of the company’s stock, signaling renewed confidence in the theater chain’s outlook. According to a Form 4 filing with the US Securities and Exchange Commission dated May 19, Aron purchased 250,000 shares of AMC’s… Continue reading Why is AMC stock surging 12% today?

Shares of Hasbro fell sharply on Wednesday even after the toy and gaming company reported stronger-than-expected first-quarter earnings and revenue, as investors focused on the company’s decision to maintain rather than raise its full-year outlook. Hasbro stock dropped roughly 8.32% to $89.09, making it the worst-performing stock in the S&P 500 during the session. The… Continue reading Why is Hasbro stock the worst S&P 500 performer today despite earnings beat?

Investors are cheering Arm Holdings (ARM) on Wednesday after a senior Bernstein analyst, David Dai, issued a bullish note in favour of the British chip designer. Dai initiated coverage on Arm this morning with an “outperform” rating and an aggressive $300 price target, indicating potential upside of roughly 18% from current levels. Bernstein’s bullish call… Continue reading Bernstein explains why it isn’t too late to invest in Arm stock

Shares of Tesla (TSLA) staged a sharp rebound on Wednesday, rising roughly 2% and surging well above the psychologically important $400 level after several sessions of selling pressure. The recovery followed a difficult stretch in which Tesla shares had fallen sharply. The stock has been weighed down by concerns around recent vehicle price increases and… Continue reading Why Tesla stock is up around 2% today

The global semiconductor landscape is bracing for impact as Nvidia (NVDA) prepares to report its fiscal first-quarter 2027 financial results tonight after the closing bell. Wall Street’s consensus is hovering at a breathtaking bar, with analysts projecting a non-GAAP profit of $1.78 per share on record revenue of $79.2 billion. Achieving these figures would represent… Continue reading Why Nvidia earnings are particularly significant for Intel, AMD stock

Shares of Marvell Technology (MRVL) surged on Wednesday as Wall Street analysts raised price targets ahead of the chipmaker’s upcoming quarterly earnings report, citing accelerating demand for artificial intelligence infrastructure and custom AI processors. Marvell stock climbed more than 6% in morning trading to around $193 after a series of bullish analyst notes highlighted the… Continue reading Marvell stock jumps on AI networking demand: Is more upside coming?

Intuit is laying off around 3,000 employees globally, or roughly 17% of its workforce, as the software company restructures operations and intensifies its focus on artificial intelligence initiatives. The job cuts were disclosed in an internal memo sent by Chief Executive Sasan Goodarzi to employees on Wednesday and reviewed by Reuters. According to the memo,… Continue reading Intuit to cut 3,000 jobs, Reuters reports, as stock falls ahead of earnings

US stocks moved higher on Wednesday as investors piled back into semiconductor shares ahead of highly anticipated quarterly results from chip giant Nvidia, while easing Treasury yields and lower oil prices helped stabilize broader market sentiment. The S&P 500 rose about 0.26%, while the Nasdaq Composite gained roughly 0.61% after both indexes suffered three consecutive… Continue reading Dow slips as Nvidia rally lifts Nasdaq ahead of crucial earnings