U.S. stock index futures rose on Monday as energy and bank stocks recovered slightly from last week’s losses, although anticipation of several economic readings this week kept gains in check. Nasdaq futures hit a record high as demand for technology stocks remained strong. Heavyweights, including most FAANG majors, rose in premarket trade. Tech had largely…
Futures Rise as COVID-19-Sensitive Sectors Recover
November 22, 2021
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JPMorgan Sues Tesla for $162 Million in Dispute Over 2014 Stock Warrant Agreement and Elon Musk Tweets
JPMorgan Chase & Co. is suing electric vehicle maker Tesla and seeking $162 million in payment in a dispute over a 2014 stock warrant agreement, according to a complaint filed in Manhattan federal court on Monday. In a court filing obtained by CNBC, the multinational investment bank alleges that Telsa breached the terms of a contract it entered into regarding…
Stock Markets March on as Biden-Xi Talks Lift Sentiment
November 16, 2021
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LONDON—Global stock markets marched on towards new peaks on Tuesday as U.S. President Joe Biden and Chinese leader Xi Jinping held over three hours of virtual talk, helping to nudge China’s yuan to a five-month high and pulling the dollar lower. The closely watched conversation between the leaders of the world’s biggest economies appeared to…
Harold Hamm Purchases $5.17 Million in Continental Resources Stock: Filing
Shale pioneer Harold Hamm this week purchased $5.17 million worth of stock in Continental Resources, the company he founded, according to a regulatory filing published on Friday. A representative for Continental did not immediately respond to a request for comment.
Blue Apron Stock Falls on Q3 Miss, Gloomy Outlook
Blue Apron Holdings Inc (APRN) reported a third-quarter FY21 net revenue decline of 2 percent year-on-year to $109.65 million, missing the consensus of $120.40 million. Average Order Value rose 6 percent Y/Y to $62.30. Orders per Customer, and Average Revenue per Customer all showed strong growth compared to the pre-pandemic Q3 of 2019, despite modest…
CEVA Beats Q3 Backed by Edge Tech, Intrinsix Chip Design
CEVA Inc (CEVA) reported third-quarter FY21 revenue growth of 31 percent year-on-year to $32.8 million, beating the consensus of $31.2 million. Segments Licensing, non-recurring engineering (NRE), and related revenue increased 74 percent Y/Y to $21.6 million. Royalty revenue declined 11 percent Y/Y to $11.2 million. The Q3 saw 25 license agreements, including 13 with first-time…
AMC Entertainment Holdings Q3 Earnings Takeaways: 40 Million Moviegoers, Revenue Beat, and More
Movie theatre operator and popular retail stock AMC Entertainment Holdings Inc. reported third quarter financial results after market close Monday. Here are the key highlights for investors. What Happened AMC reported third quarter revenue of $755.6 million, beating a street consensus of $708.3 million. Revenue was significantly higher than the $119.5 million reported in the…
Black Knight Stock Gains on Q3 Beat, Raised FY21 Outlook
Black Knight Inc. (BKI) reported third-quarter FY21 revenue growth of 21 percent year-on-year to $378 million, beating the consensus of $370.7 million. Organic revenue growth 10 percent. Software Solutions’ revenue rose 23 percent Y/Y to $319.6 million, with organic revenue growth of 10 percent. Data and Analytics revenue rose 10 percent Y/Y to $58.4 million,…
Craig Johnson Recommends Buying This Stock in Semiconductor Space
On CNBC’s “Trading Nation,” Craig Johnson of Piper Sandler said the technical charts are showing the picture of strong fundamentals, with stocks surging to new highs. After looking at the VanEck Semiconductor ETF chart, Johnson said there is still more room to go higher. He added although NVIDIA Corporation is a strong stock, he recommends…
Trade Desk Shares Soar on Strong Q4 Outlook Backed by Data-Driven Choices
The Trade Desk Inc. (TTD) reported third-quarter FY21 revenue growth of 39 percent year-on-year to $301.1 million, beating the consensus of $283.5 million. Customer retention remained over 95 percent, akin to the past seven years, and the adjusted EBITDA margin expanded by 500 bps to 41 percent. Non-GAAP EPS of $0.18 beat the consensus of…
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