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Shares of major cannabis companies rallied sharply on Wednesday after reports suggested the Trump Administration could soon move to reclassify marijuana, a long-awaited step that investors believe could ease regulatory pressures on the sector. The gains were led by Curaleaf Holdings, which surged more than 27%. Tilray rose 11%, while Canopy Growth climbed over 18%.… Continue reading Why are cannabis stocks surging today?

Shares of Philip Morris International rose about 7% on Wednesday after the tobacco giant reported stronger-than-expected first-quarter results, driven by robust growth in its smoke-free business and solid international performance. The company’s earnings and revenue both exceeded analyst expectations, with adjusted earnings per share of $1.96 topping consensus estimates of around $1.83. Quarterly revenue came… Continue reading Philip Morris stock jumps 7% as smoke-free growth drives beat

Shares of Masco Corp. surged on Wednesday after the home improvement company delivered a strong first-quarter earnings beat and reaffirmed its full-year guidance, signaling resilience in a challenging housing market. The stock jumped 12.6% to $75.17 during the session, making it one of the top performers in the S&P 500 and putting it in contention… Continue reading Masco jumps 12% on earnings beat, remodeling demand improves

Intel (NYSE: INTC) has run up notably into its Q1 earnings on April 23rd, with the semiconductor stock currently up an exciting 60% versus the start of this month. Consensus is for INTC to post $12.42 billion in revenue, representing a slight 2.2% decline on a year-over-year basis. Still, earnings are seen coming in at… Continue reading Intel earnings preview: options pricing signals ‘sell the news’ reaction

Shares of Adobe Inc. rose about 3% on Wednesday after the company unveiled a $25 billion share buyback program, offering a boost to investor sentiment even as concerns around artificial intelligence and competitive pressures continue to weigh on the stock. The rally comes after a prolonged slump, with Adobe shares down over 20% both year-to-date… Continue reading Adobe gains 3% as $25B buyback offsets AI concerns, stock slump

London-based fintech Revolut is aiming to secure banking licences in France and the United States this year, as it looks to accelerate growth and compete more directly with traditional lenders. Béatrice Cossa-Dumurgier, the company’s CEO for Western Europe, told Reuters that obtaining a French licence would enable Revolut to offer locally tailored financial products, including… Continue reading Revolut targets France, US banking licences to drive growth

AT&T (NYSE: T) is seeing pressure on Wednesday morning despite posting Q1 earnings that many would describe as “fired on all cylinders”. The telecommunications giant delivered a clean sweep: earnings were better than expected, revenue landed ahead of estimates, and the operating margin improved significantly to 21.1%. Plus, the company rewarded loyalists with $2.3 billion… Continue reading Why is AT&T stock in red despite Q1 earnings that fired on all cylinders?

Shares of Strategy Inc. (previously known as Microstrategy) surged sharply on Wednesday, leading gains among crypto-linked equities as a rebound in Bitcoin prices lifted sentiment across the sector. The stock, often seen as a leveraged proxy for the world’s largest cryptocurrency, rose nearly 9.4%, extending a strong run since the onset of the Iran conflict.… Continue reading MSTR stock leads crypto-linked rally as Bitcoin surges

Boeing (NYSE: BA) opened comfortably in green on Apr. 22 after posting a significantly narrower-than-expected Q1 loss and revenue that showcased a stabilising production engine. Investors are piling into the aerospace behemoth primarily because the quarterly release reinforced its ability to navigate geopolitical headwinds while maintaining an ambitious recovery timeline. They were particularly uplifted after… Continue reading Boeing Q1 earnings: CEO sees a path to $3B free cash flow in 2026