2011.08.05 19:02 Slashur_8 QuotesPorn
2010.02.08 18:26 roger_ The Simpsons on Reddit! Woo-hoo!
2008.04.04 22:36 Futurama
2023.03.08 13:48 bigbear0083 (3/8) Wednesday's Pre-Market Stock Movers & News
U.S. stock futures were little changed Wednesday, a day after a selloff spurred by Federal Reserve Chairman Jerome Powell’s comments indicating interest rates may need to go higher for longer.
Dow Jones Industrial Average futures ticked higher by 35 points, or 0.1%. S&P 500 and Nasdaq-100 futures rose marginally.
The Dow closed nearly 575 points lower on Tuesday. The S&P 500 slid 1.53% to close below the key 4,000 threshold, and the Nasdaq Composite lost 1.25%. The sharp decline for stocks was accompanied by a spike in bond yields, with the rate on the 2-year Treasury surpassing 5% and touching the highest level since 2007.
The shakeup in markets came after Fed Chair Powell spoke before the Senate Banking, Housing and Urban Affairs Committee. He cautioned lawmakers that the central bank’s terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks.
″[Powell] is being very, very clear that if you look at what happened over the past year and a half, the call on inflation didn’t pan out,” Morgan Stanley’s global chief economist Seth Carpenter said on CNBC’s “Closing Bell: Overtime.”
“I think now Powell is very much on board with the idea that he does not want to get caught flat-footed again, and so opening the door very wide for a 50 basis point hike was exactly what he did,” Carpenter added.
On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. Separately, Richmond Fed President Tom Barkin will also be speaking on the labor market Wednesday morning. January’s job openings and labor turnover data is due, as is the ADP jobs report for February.
CrowdStrike — Shares of the cybersecurity firm climbed more than 6% in premarket trading after a stronger-than-expected report for the fourth quarter. CrowdStrike generated 47 cents in earnings per share on $637 million of revenue. Analysts surveyed by Refinitiv had penciled in 43 cents on $625 million in revenue. Free cash flow rose above $200 million for the quarter.
STOCK SYMBOL: CRWD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum — The energy stock climbed nearly 3% in premarket trading after a new regulatory filing showed Warren Buffett’s Berkshire Hathaway added to its already large stake in the company over the past trading sessions. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, marking the first time the “Oracle of Omaha” hiked his bet since September.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Stitch Fix — Shares of the apparel company slid more than 10% after Stitch Fix reported a wider-than-expected loss for its second quarter. The company lost 58 cents per share, while analysts surveyed by Refinitiv had been expecting a loss of 34 cents per share. Stitch Fix did report its first quarter of positive free cash flow in more than a year.
STOCK SYMBOL: SFIX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla — Shares of the automaker fell less than 1% in premarket trading after Tesla was downgraded to hold from buy at Berenberg. The investment frim said there is “less room for disappointment” after a hot start to the year for Tesla’s shares.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Maxeon Solar Technologies — Shares of the Singapore-based solar panel company jumped nearly 15% in premarket trading after the company’s fourth-quarter report. While Maxeon’s loss per share was larger than expected, revenue topped analyst estimates, according to StreetAccount, as did adjusted EBITDA margins.
STOCK SYMBOL: MAXN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Cricut — Shares of the smart cutting machine company jumped more than 7% after Cricut reported more than 20% growth in users and paid subscribers during the fourth quarter. Cricut’s revenue was down year over year, but its gross margin expanded.
STOCK SYMBOL: CRCT
(CLICK HERE FOR LIVE STOCK QUOTE!)
Atlantica Sustainable Infrastructure — Shares of the U.K.-based infrastructure firm added 2% following an upgrade from Bank of America. The investment firm said Atlantica is doing a strategic review that could unlock value for shareholders.
STOCK SYMBOL: AY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Nordstrom — The retail stock rose more than 2% following an upgrade to buy from Argus Research. The investment firm said Nordstrom has divested from the unprofitable parts of its business and now has healthy upside.
STOCK SYMBOL: JWN
(CLICK HERE FOR LIVE STOCK QUOTE!)
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums StonkForums.com where this content was originally posted.
Join the Official Reddit Stock Market Chat Discord Server HERE!
2023.03.08 13:48 bigbear0083 (3/8) Wednesday's Pre-Market Stock Movers & News
U.S. stock futures were little changed Wednesday, a day after a selloff spurred by Federal Reserve Chairman Jerome Powell’s comments indicating interest rates may need to go higher for longer.
Dow Jones Industrial Average futures ticked higher by 35 points, or 0.1%. S&P 500 and Nasdaq-100 futures rose marginally.
The Dow closed nearly 575 points lower on Tuesday. The S&P 500 slid 1.53% to close below the key 4,000 threshold, and the Nasdaq Composite lost 1.25%. The sharp decline for stocks was accompanied by a spike in bond yields, with the rate on the 2-year Treasury surpassing 5% and touching the highest level since 2007.
The shakeup in markets came after Fed Chair Powell spoke before the Senate Banking, Housing and Urban Affairs Committee. He cautioned lawmakers that the central bank’s terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks.
″[Powell] is being very, very clear that if you look at what happened over the past year and a half, the call on inflation didn’t pan out,” Morgan Stanley’s global chief economist Seth Carpenter said on CNBC’s “Closing Bell: Overtime.”
“I think now Powell is very much on board with the idea that he does not want to get caught flat-footed again, and so opening the door very wide for a 50 basis point hike was exactly what he did,” Carpenter added.
On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. Separately, Richmond Fed President Tom Barkin will also be speaking on the labor market Wednesday morning. January’s job openings and labor turnover data is due, as is the ADP jobs report for February.
CrowdStrike — Shares of the cybersecurity firm climbed more than 6% in premarket trading after a stronger-than-expected report for the fourth quarter. CrowdStrike generated 47 cents in earnings per share on $637 million of revenue. Analysts surveyed by Refinitiv had penciled in 43 cents on $625 million in revenue. Free cash flow rose above $200 million for the quarter.
STOCK SYMBOL: CRWD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum — The energy stock climbed nearly 3% in premarket trading after a new regulatory filing showed Warren Buffett’s Berkshire Hathaway added to its already large stake in the company over the past trading sessions. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, marking the first time the “Oracle of Omaha” hiked his bet since September.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Stitch Fix — Shares of the apparel company slid more than 10% after Stitch Fix reported a wider-than-expected loss for its second quarter. The company lost 58 cents per share, while analysts surveyed by Refinitiv had been expecting a loss of 34 cents per share. Stitch Fix did report its first quarter of positive free cash flow in more than a year.
STOCK SYMBOL: SFIX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla — Shares of the automaker fell less than 1% in premarket trading after Tesla was downgraded to hold from buy at Berenberg. The investment frim said there is “less room for disappointment” after a hot start to the year for Tesla’s shares.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Maxeon Solar Technologies — Shares of the Singapore-based solar panel company jumped nearly 15% in premarket trading after the company’s fourth-quarter report. While Maxeon’s loss per share was larger than expected, revenue topped analyst estimates, according to StreetAccount, as did adjusted EBITDA margins.
STOCK SYMBOL: MAXN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Cricut — Shares of the smart cutting machine company jumped more than 7% after Cricut reported more than 20% growth in users and paid subscribers during the fourth quarter. Cricut’s revenue was down year over year, but its gross margin expanded.
STOCK SYMBOL: CRCT
(CLICK HERE FOR LIVE STOCK QUOTE!)
Atlantica Sustainable Infrastructure — Shares of the U.K.-based infrastructure firm added 2% following an upgrade from Bank of America. The investment firm said Atlantica is doing a strategic review that could unlock value for shareholders.
STOCK SYMBOL: AY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Nordstrom — The retail stock rose more than 2% following an upgrade to buy from Argus Research. The investment firm said Nordstrom has divested from the unprofitable parts of its business and now has healthy upside.
STOCK SYMBOL: JWN
(CLICK HERE FOR LIVE STOCK QUOTE!)
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums StonkForums.com where this content was originally posted.
Join the Official Reddit Stock Market Chat Discord Server HERE!
2023.03.08 13:47 bigbear0083 (3/8) Wednesday's Pre-Market Stock Movers & News
U.S. stock futures were little changed Wednesday, a day after a selloff spurred by Federal Reserve Chairman Jerome Powell’s comments indicating interest rates may need to go higher for longer.
Dow Jones Industrial Average futures ticked higher by 35 points, or 0.1%. S&P 500 and Nasdaq-100 futures rose marginally.
The Dow closed nearly 575 points lower on Tuesday. The S&P 500 slid 1.53% to close below the key 4,000 threshold, and the Nasdaq Composite lost 1.25%. The sharp decline for stocks was accompanied by a spike in bond yields, with the rate on the 2-year Treasury surpassing 5% and touching the highest level since 2007.
The shakeup in markets came after Fed Chair Powell spoke before the Senate Banking, Housing and Urban Affairs Committee. He cautioned lawmakers that the central bank’s terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks.
″[Powell] is being very, very clear that if you look at what happened over the past year and a half, the call on inflation didn’t pan out,” Morgan Stanley’s global chief economist Seth Carpenter said on CNBC’s “Closing Bell: Overtime.”
“I think now Powell is very much on board with the idea that he does not want to get caught flat-footed again, and so opening the door very wide for a 50 basis point hike was exactly what he did,” Carpenter added.
On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. Separately, Richmond Fed President Tom Barkin will also be speaking on the labor market Wednesday morning. January’s job openings and labor turnover data is due, as is the ADP jobs report for February.
CrowdStrike — Shares of the cybersecurity firm climbed more than 6% in premarket trading after a stronger-than-expected report for the fourth quarter. CrowdStrike generated 47 cents in earnings per share on $637 million of revenue. Analysts surveyed by Refinitiv had penciled in 43 cents on $625 million in revenue. Free cash flow rose above $200 million for the quarter.
STOCK SYMBOL: CRWD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum — The energy stock climbed nearly 3% in premarket trading after a new regulatory filing showed Warren Buffett’s Berkshire Hathaway added to its already large stake in the company over the past trading sessions. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, marking the first time the “Oracle of Omaha” hiked his bet since September.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Stitch Fix — Shares of the apparel company slid more than 10% after Stitch Fix reported a wider-than-expected loss for its second quarter. The company lost 58 cents per share, while analysts surveyed by Refinitiv had been expecting a loss of 34 cents per share. Stitch Fix did report its first quarter of positive free cash flow in more than a year.
STOCK SYMBOL: SFIX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla — Shares of the automaker fell less than 1% in premarket trading after Tesla was downgraded to hold from buy at Berenberg. The investment frim said there is “less room for disappointment” after a hot start to the year for Tesla’s shares.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Maxeon Solar Technologies — Shares of the Singapore-based solar panel company jumped nearly 15% in premarket trading after the company’s fourth-quarter report. While Maxeon’s loss per share was larger than expected, revenue topped analyst estimates, according to StreetAccount, as did adjusted EBITDA margins.
STOCK SYMBOL: MAXN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Cricut — Shares of the smart cutting machine company jumped more than 7% after Cricut reported more than 20% growth in users and paid subscribers during the fourth quarter. Cricut’s revenue was down year over year, but its gross margin expanded.
STOCK SYMBOL: CRCT
(CLICK HERE FOR LIVE STOCK QUOTE!)
Atlantica Sustainable Infrastructure — Shares of the U.K.-based infrastructure firm added 2% following an upgrade from Bank of America. The investment firm said Atlantica is doing a strategic review that could unlock value for shareholders.
STOCK SYMBOL: AY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Nordstrom — The retail stock rose more than 2% following an upgrade to buy from Argus Research. The investment firm said Nordstrom has divested from the unprofitable parts of its business and now has healthy upside.
STOCK SYMBOL: JWN
(CLICK HERE FOR LIVE STOCK QUOTE!)
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums StonkForums.com where this content was originally posted.
Join the Official Reddit Stock Market Chat Discord Server HERE!
2023.03.08 13:46 bigbear0083 (3/8) Wednesday's Pre-Market Stock Movers & News
U.S. stock futures were little changed Wednesday, a day after a selloff spurred by Federal Reserve Chairman Jerome Powell’s comments indicating interest rates may need to go higher for longer.
Dow Jones Industrial Average futures ticked higher by 35 points, or 0.1%. S&P 500 and Nasdaq-100 futures rose marginally.
The Dow closed nearly 575 points lower on Tuesday. The S&P 500 slid 1.53% to close below the key 4,000 threshold, and the Nasdaq Composite lost 1.25%. The sharp decline for stocks was accompanied by a spike in bond yields, with the rate on the 2-year Treasury surpassing 5% and touching the highest level since 2007.
The shakeup in markets came after Fed Chair Powell spoke before the Senate Banking, Housing and Urban Affairs Committee. He cautioned lawmakers that the central bank’s terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks.
″[Powell] is being very, very clear that if you look at what happened over the past year and a half, the call on inflation didn’t pan out,” Morgan Stanley’s global chief economist Seth Carpenter said on CNBC’s “Closing Bell: Overtime.”
“I think now Powell is very much on board with the idea that he does not want to get caught flat-footed again, and so opening the door very wide for a 50 basis point hike was exactly what he did,” Carpenter added.
On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. Separately, Richmond Fed President Tom Barkin will also be speaking on the labor market Wednesday morning. January’s job openings and labor turnover data is due, as is the ADP jobs report for February.
CrowdStrike — Shares of the cybersecurity firm climbed more than 6% in premarket trading after a stronger-than-expected report for the fourth quarter. CrowdStrike generated 47 cents in earnings per share on $637 million of revenue. Analysts surveyed by Refinitiv had penciled in 43 cents on $625 million in revenue. Free cash flow rose above $200 million for the quarter.
STOCK SYMBOL: CRWD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum — The energy stock climbed nearly 3% in premarket trading after a new regulatory filing showed Warren Buffett’s Berkshire Hathaway added to its already large stake in the company over the past trading sessions. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, marking the first time the “Oracle of Omaha” hiked his bet since September.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Stitch Fix — Shares of the apparel company slid more than 10% after Stitch Fix reported a wider-than-expected loss for its second quarter. The company lost 58 cents per share, while analysts surveyed by Refinitiv had been expecting a loss of 34 cents per share. Stitch Fix did report its first quarter of positive free cash flow in more than a year.
STOCK SYMBOL: SFIX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla — Shares of the automaker fell less than 1% in premarket trading after Tesla was downgraded to hold from buy at Berenberg. The investment frim said there is “less room for disappointment” after a hot start to the year for Tesla’s shares.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Maxeon Solar Technologies — Shares of the Singapore-based solar panel company jumped nearly 15% in premarket trading after the company’s fourth-quarter report. While Maxeon’s loss per share was larger than expected, revenue topped analyst estimates, according to StreetAccount, as did adjusted EBITDA margins.
STOCK SYMBOL: MAXN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Cricut — Shares of the smart cutting machine company jumped more than 7% after Cricut reported more than 20% growth in users and paid subscribers during the fourth quarter. Cricut’s revenue was down year over year, but its gross margin expanded.
STOCK SYMBOL: CRCT
(CLICK HERE FOR LIVE STOCK QUOTE!)
Atlantica Sustainable Infrastructure — Shares of the U.K.-based infrastructure firm added 2% following an upgrade from Bank of America. The investment firm said Atlantica is doing a strategic review that could unlock value for shareholders.
STOCK SYMBOL: AY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Nordstrom — The retail stock rose more than 2% following an upgrade to buy from Argus Research. The investment firm said Nordstrom has divested from the unprofitable parts of its business and now has healthy upside.
STOCK SYMBOL: JWN
(CLICK HERE FOR LIVE STOCK QUOTE!)
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums StonkForums.com where this content was originally posted.
Join the Official Reddit Stock Market Chat Discord Server HERE!
2023.03.08 13:46 bigbear0083 (3/8) Wednesday's Pre-Market Stock Movers & News
U.S. stock futures were little changed Wednesday, a day after a selloff spurred by Federal Reserve Chairman Jerome Powell’s comments indicating interest rates may need to go higher for longer.
Dow Jones Industrial Average futures ticked higher by 35 points, or 0.1%. S&P 500 and Nasdaq-100 futures rose marginally.
The Dow closed nearly 575 points lower on Tuesday. The S&P 500 slid 1.53% to close below the key 4,000 threshold, and the Nasdaq Composite lost 1.25%. The sharp decline for stocks was accompanied by a spike in bond yields, with the rate on the 2-year Treasury surpassing 5% and touching the highest level since 2007.
The shakeup in markets came after Fed Chair Powell spoke before the Senate Banking, Housing and Urban Affairs Committee. He cautioned lawmakers that the central bank’s terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks.
″[Powell] is being very, very clear that if you look at what happened over the past year and a half, the call on inflation didn’t pan out,” Morgan Stanley’s global chief economist Seth Carpenter said on CNBC’s “Closing Bell: Overtime.”
“I think now Powell is very much on board with the idea that he does not want to get caught flat-footed again, and so opening the door very wide for a 50 basis point hike was exactly what he did,” Carpenter added.
On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. Separately, Richmond Fed President Tom Barkin will also be speaking on the labor market Wednesday morning. January’s job openings and labor turnover data is due, as is the ADP jobs report for February.
CrowdStrike — Shares of the cybersecurity firm climbed more than 6% in premarket trading after a stronger-than-expected report for the fourth quarter. CrowdStrike generated 47 cents in earnings per share on $637 million of revenue. Analysts surveyed by Refinitiv had penciled in 43 cents on $625 million in revenue. Free cash flow rose above $200 million for the quarter.
STOCK SYMBOL: CRWD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum — The energy stock climbed nearly 3% in premarket trading after a new regulatory filing showed Warren Buffett’s Berkshire Hathaway added to its already large stake in the company over the past trading sessions. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, marking the first time the “Oracle of Omaha” hiked his bet since September.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Stitch Fix — Shares of the apparel company slid more than 10% after Stitch Fix reported a wider-than-expected loss for its second quarter. The company lost 58 cents per share, while analysts surveyed by Refinitiv had been expecting a loss of 34 cents per share. Stitch Fix did report its first quarter of positive free cash flow in more than a year.
STOCK SYMBOL: SFIX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla — Shares of the automaker fell less than 1% in premarket trading after Tesla was downgraded to hold from buy at Berenberg. The investment frim said there is “less room for disappointment” after a hot start to the year for Tesla’s shares.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Maxeon Solar Technologies — Shares of the Singapore-based solar panel company jumped nearly 15% in premarket trading after the company’s fourth-quarter report. While Maxeon’s loss per share was larger than expected, revenue topped analyst estimates, according to StreetAccount, as did adjusted EBITDA margins.
STOCK SYMBOL: MAXN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Cricut — Shares of the smart cutting machine company jumped more than 7% after Cricut reported more than 20% growth in users and paid subscribers during the fourth quarter. Cricut’s revenue was down year over year, but its gross margin expanded.
STOCK SYMBOL: CRCT
(CLICK HERE FOR LIVE STOCK QUOTE!)
Atlantica Sustainable Infrastructure — Shares of the U.K.-based infrastructure firm added 2% following an upgrade from Bank of America. The investment firm said Atlantica is doing a strategic review that could unlock value for shareholders.
STOCK SYMBOL: AY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Nordstrom — The retail stock rose more than 2% following an upgrade to buy from Argus Research. The investment firm said Nordstrom has divested from the unprofitable parts of its business and now has healthy upside.
STOCK SYMBOL: JWN
(CLICK HERE FOR LIVE STOCK QUOTE!)
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums StonkForums.com where this content was originally posted.
Join the Official Reddit Stock Market Chat Discord Server HERE!
2023.03.08 13:45 bigbear0083 (3/8) Wednesday's Pre-Market Stock Movers & News
U.S. stock futures were little changed Wednesday, a day after a selloff spurred by Federal Reserve Chairman Jerome Powell’s comments indicating interest rates may need to go higher for longer.
Dow Jones Industrial Average futures ticked higher by 35 points, or 0.1%. S&P 500 and Nasdaq-100 futures rose marginally.
The Dow closed nearly 575 points lower on Tuesday. The S&P 500 slid 1.53% to close below the key 4,000 threshold, and the Nasdaq Composite lost 1.25%. The sharp decline for stocks was accompanied by a spike in bond yields, with the rate on the 2-year Treasury surpassing 5% and touching the highest level since 2007.
The shakeup in markets came after Fed Chair Powell spoke before the Senate Banking, Housing and Urban Affairs Committee. He cautioned lawmakers that the central bank’s terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks.
″[Powell] is being very, very clear that if you look at what happened over the past year and a half, the call on inflation didn’t pan out,” Morgan Stanley’s global chief economist Seth Carpenter said on CNBC’s “Closing Bell: Overtime.”
“I think now Powell is very much on board with the idea that he does not want to get caught flat-footed again, and so opening the door very wide for a 50 basis point hike was exactly what he did,” Carpenter added.
On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. Separately, Richmond Fed President Tom Barkin will also be speaking on the labor market Wednesday morning. January’s job openings and labor turnover data is due, as is the ADP jobs report for February.
CrowdStrike — Shares of the cybersecurity firm climbed more than 6% in premarket trading after a stronger-than-expected report for the fourth quarter. CrowdStrike generated 47 cents in earnings per share on $637 million of revenue. Analysts surveyed by Refinitiv had penciled in 43 cents on $625 million in revenue. Free cash flow rose above $200 million for the quarter.
STOCK SYMBOL: CRWD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum — The energy stock climbed nearly 3% in premarket trading after a new regulatory filing showed Warren Buffett’s Berkshire Hathaway added to its already large stake in the company over the past trading sessions. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, marking the first time the “Oracle of Omaha” hiked his bet since September.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Stitch Fix — Shares of the apparel company slid more than 10% after Stitch Fix reported a wider-than-expected loss for its second quarter. The company lost 58 cents per share, while analysts surveyed by Refinitiv had been expecting a loss of 34 cents per share. Stitch Fix did report its first quarter of positive free cash flow in more than a year.
STOCK SYMBOL: SFIX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla — Shares of the automaker fell less than 1% in premarket trading after Tesla was downgraded to hold from buy at Berenberg. The investment frim said there is “less room for disappointment” after a hot start to the year for Tesla’s shares.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Maxeon Solar Technologies — Shares of the Singapore-based solar panel company jumped nearly 15% in premarket trading after the company’s fourth-quarter report. While Maxeon’s loss per share was larger than expected, revenue topped analyst estimates, according to StreetAccount, as did adjusted EBITDA margins.
STOCK SYMBOL: MAXN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Cricut — Shares of the smart cutting machine company jumped more than 7% after Cricut reported more than 20% growth in users and paid subscribers during the fourth quarter. Cricut’s revenue was down year over year, but its gross margin expanded.
STOCK SYMBOL: CRCT
(CLICK HERE FOR LIVE STOCK QUOTE!)
Atlantica Sustainable Infrastructure — Shares of the U.K.-based infrastructure firm added 2% following an upgrade from Bank of America. The investment firm said Atlantica is doing a strategic review that could unlock value for shareholders.
STOCK SYMBOL: AY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Nordstrom — The retail stock rose more than 2% following an upgrade to buy from Argus Research. The investment firm said Nordstrom has divested from the unprofitable parts of its business and now has healthy upside.
STOCK SYMBOL: JWN
(CLICK HERE FOR LIVE STOCK QUOTE!)
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums StonkForums.com where this content was originally posted.
Join the Official Reddit Stock Market Chat Discord Server HERE!
2023.03.08 13:44 bigbear0083 (3/8) Wednesday's Pre-Market Stock Movers & News
U.S. stock futures were little changed Wednesday, a day after a selloff spurred by Federal Reserve Chairman Jerome Powell’s comments indicating interest rates may need to go higher for longer.
Dow Jones Industrial Average futures ticked higher by 35 points, or 0.1%. S&P 500 and Nasdaq-100 futures rose marginally.
The Dow closed nearly 575 points lower on Tuesday. The S&P 500 slid 1.53% to close below the key 4,000 threshold, and the Nasdaq Composite lost 1.25%. The sharp decline for stocks was accompanied by a spike in bond yields, with the rate on the 2-year Treasury surpassing 5% and touching the highest level since 2007.
The shakeup in markets came after Fed Chair Powell spoke before the Senate Banking, Housing and Urban Affairs Committee. He cautioned lawmakers that the central bank’s terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks.
″[Powell] is being very, very clear that if you look at what happened over the past year and a half, the call on inflation didn’t pan out,” Morgan Stanley’s global chief economist Seth Carpenter said on CNBC’s “Closing Bell: Overtime.”
“I think now Powell is very much on board with the idea that he does not want to get caught flat-footed again, and so opening the door very wide for a 50 basis point hike was exactly what he did,” Carpenter added.
On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. Separately, Richmond Fed President Tom Barkin will also be speaking on the labor market Wednesday morning. January’s job openings and labor turnover data is due, as is the ADP jobs report for February.
CrowdStrike — Shares of the cybersecurity firm climbed more than 6% in premarket trading after a stronger-than-expected report for the fourth quarter. CrowdStrike generated 47 cents in earnings per share on $637 million of revenue. Analysts surveyed by Refinitiv had penciled in 43 cents on $625 million in revenue. Free cash flow rose above $200 million for the quarter.
STOCK SYMBOL: CRWD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum — The energy stock climbed nearly 3% in premarket trading after a new regulatory filing showed Warren Buffett’s Berkshire Hathaway added to its already large stake in the company over the past trading sessions. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, marking the first time the “Oracle of Omaha” hiked his bet since September.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Stitch Fix — Shares of the apparel company slid more than 10% after Stitch Fix reported a wider-than-expected loss for its second quarter. The company lost 58 cents per share, while analysts surveyed by Refinitiv had been expecting a loss of 34 cents per share. Stitch Fix did report its first quarter of positive free cash flow in more than a year.
STOCK SYMBOL: SFIX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla — Shares of the automaker fell less than 1% in premarket trading after Tesla was downgraded to hold from buy at Berenberg. The investment frim said there is “less room for disappointment” after a hot start to the year for Tesla’s shares.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Maxeon Solar Technologies — Shares of the Singapore-based solar panel company jumped nearly 15% in premarket trading after the company’s fourth-quarter report. While Maxeon’s loss per share was larger than expected, revenue topped analyst estimates, according to StreetAccount, as did adjusted EBITDA margins.
STOCK SYMBOL: MAXN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Cricut — Shares of the smart cutting machine company jumped more than 7% after Cricut reported more than 20% growth in users and paid subscribers during the fourth quarter. Cricut’s revenue was down year over year, but its gross margin expanded.
STOCK SYMBOL: CRCT
(CLICK HERE FOR LIVE STOCK QUOTE!)
Atlantica Sustainable Infrastructure — Shares of the U.K.-based infrastructure firm added 2% following an upgrade from Bank of America. The investment firm said Atlantica is doing a strategic review that could unlock value for shareholders.
STOCK SYMBOL: AY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Nordstrom — The retail stock rose more than 2% following an upgrade to buy from Argus Research. The investment firm said Nordstrom has divested from the unprofitable parts of its business and now has healthy upside.
STOCK SYMBOL: JWN
(CLICK HERE FOR LIVE STOCK QUOTE!)
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.
2023.03.08 13:43 bigbear0083 (3/8) Wednesday's Pre-Market Stock Movers & News
U.S. stock futures were little changed Wednesday, a day after a selloff spurred by Federal Reserve Chairman Jerome Powell’s comments indicating interest rates may need to go higher for longer.
Dow Jones Industrial Average futures ticked higher by 35 points, or 0.1%. S&P 500 and Nasdaq-100 futures rose marginally.
The Dow closed nearly 575 points lower on Tuesday. The S&P 500 slid 1.53% to close below the key 4,000 threshold, and the Nasdaq Composite lost 1.25%. The sharp decline for stocks was accompanied by a spike in bond yields, with the rate on the 2-year Treasury surpassing 5% and touching the highest level since 2007.
The shakeup in markets came after Fed Chair Powell spoke before the Senate Banking, Housing and Urban Affairs Committee. He cautioned lawmakers that the central bank’s terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks.
″[Powell] is being very, very clear that if you look at what happened over the past year and a half, the call on inflation didn’t pan out,” Morgan Stanley’s global chief economist Seth Carpenter said on CNBC’s “Closing Bell: Overtime.”
“I think now Powell is very much on board with the idea that he does not want to get caught flat-footed again, and so opening the door very wide for a 50 basis point hike was exactly what he did,” Carpenter added.
On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. Separately, Richmond Fed President Tom Barkin will also be speaking on the labor market Wednesday morning. January’s job openings and labor turnover data is due, as is the ADP jobs report for February.
CrowdStrike — Shares of the cybersecurity firm climbed more than 6% in premarket trading after a stronger-than-expected report for the fourth quarter. CrowdStrike generated 47 cents in earnings per share on $637 million of revenue. Analysts surveyed by Refinitiv had penciled in 43 cents on $625 million in revenue. Free cash flow rose above $200 million for the quarter.
STOCK SYMBOL: CRWD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum — The energy stock climbed nearly 3% in premarket trading after a new regulatory filing showed Warren Buffett’s Berkshire Hathaway added to its already large stake in the company over the past trading sessions. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, marking the first time the “Oracle of Omaha” hiked his bet since September.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Stitch Fix — Shares of the apparel company slid more than 10% after Stitch Fix reported a wider-than-expected loss for its second quarter. The company lost 58 cents per share, while analysts surveyed by Refinitiv had been expecting a loss of 34 cents per share. Stitch Fix did report its first quarter of positive free cash flow in more than a year.
STOCK SYMBOL: SFIX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla — Shares of the automaker fell less than 1% in premarket trading after Tesla was downgraded to hold from buy at Berenberg. The investment frim said there is “less room for disappointment” after a hot start to the year for Tesla’s shares.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Maxeon Solar Technologies — Shares of the Singapore-based solar panel company jumped nearly 15% in premarket trading after the company’s fourth-quarter report. While Maxeon’s loss per share was larger than expected, revenue topped analyst estimates, according to StreetAccount, as did adjusted EBITDA margins.
STOCK SYMBOL: MAXN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Cricut — Shares of the smart cutting machine company jumped more than 7% after Cricut reported more than 20% growth in users and paid subscribers during the fourth quarter. Cricut’s revenue was down year over year, but its gross margin expanded.
STOCK SYMBOL: CRCT
(CLICK HERE FOR LIVE STOCK QUOTE!)
Atlantica Sustainable Infrastructure — Shares of the U.K.-based infrastructure firm added 2% following an upgrade from Bank of America. The investment firm said Atlantica is doing a strategic review that could unlock value for shareholders.
STOCK SYMBOL: AY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Nordstrom — The retail stock rose more than 2% following an upgrade to buy from Argus Research. The investment firm said Nordstrom has divested from the unprofitable parts of its business and now has healthy upside.
STOCK SYMBOL: JWN
(CLICK HERE FOR LIVE STOCK QUOTE!)
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.
2023.03.08 13:43 bigbear0083 (3/8) Wednesday's Pre-Market Stock Movers & News
U.S. stock futures were little changed Wednesday, a day after a selloff spurred by Federal Reserve Chairman Jerome Powell’s comments indicating interest rates may need to go higher for longer.
Dow Jones Industrial Average futures ticked higher by 35 points, or 0.1%. S&P 500 and Nasdaq-100 futures rose marginally.
The Dow closed nearly 575 points lower on Tuesday. The S&P 500 slid 1.53% to close below the key 4,000 threshold, and the Nasdaq Composite lost 1.25%. The sharp decline for stocks was accompanied by a spike in bond yields, with the rate on the 2-year Treasury surpassing 5% and touching the highest level since 2007.
The shakeup in markets came after Fed Chair Powell spoke before the Senate Banking, Housing and Urban Affairs Committee. He cautioned lawmakers that the central bank’s terminal rate will likely be higher than previously anticipated due to stubbornly high economic data in recent weeks.
″[Powell] is being very, very clear that if you look at what happened over the past year and a half, the call on inflation didn’t pan out,” Morgan Stanley’s global chief economist Seth Carpenter said on CNBC’s “Closing Bell: Overtime.”
“I think now Powell is very much on board with the idea that he does not want to get caught flat-footed again, and so opening the door very wide for a 50 basis point hike was exactly what he did,” Carpenter added.
On Wednesday, investors will be closely watching Powell speak before the House Financial Services Committee. Separately, Richmond Fed President Tom Barkin will also be speaking on the labor market Wednesday morning. January’s job openings and labor turnover data is due, as is the ADP jobs report for February.
CrowdStrike — Shares of the cybersecurity firm climbed more than 6% in premarket trading after a stronger-than-expected report for the fourth quarter. CrowdStrike generated 47 cents in earnings per share on $637 million of revenue. Analysts surveyed by Refinitiv had penciled in 43 cents on $625 million in revenue. Free cash flow rose above $200 million for the quarter.
STOCK SYMBOL: CRWD
(CLICK HERE FOR LIVE STOCK QUOTE!)
Occidental Petroleum — The energy stock climbed nearly 3% in premarket trading after a new regulatory filing showed Warren Buffett’s Berkshire Hathaway added to its already large stake in the company over the past trading sessions. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, marking the first time the “Oracle of Omaha” hiked his bet since September.
STOCK SYMBOL: OXY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Stitch Fix — Shares of the apparel company slid more than 10% after Stitch Fix reported a wider-than-expected loss for its second quarter. The company lost 58 cents per share, while analysts surveyed by Refinitiv had been expecting a loss of 34 cents per share. Stitch Fix did report its first quarter of positive free cash flow in more than a year.
STOCK SYMBOL: SFIX
(CLICK HERE FOR LIVE STOCK QUOTE!)
Tesla — Shares of the automaker fell less than 1% in premarket trading after Tesla was downgraded to hold from buy at Berenberg. The investment frim said there is “less room for disappointment” after a hot start to the year for Tesla’s shares.
STOCK SYMBOL: TSLA
(CLICK HERE FOR LIVE STOCK QUOTE!)
Maxeon Solar Technologies — Shares of the Singapore-based solar panel company jumped nearly 15% in premarket trading after the company’s fourth-quarter report. While Maxeon’s loss per share was larger than expected, revenue topped analyst estimates, according to StreetAccount, as did adjusted EBITDA margins.
STOCK SYMBOL: MAXN
(CLICK HERE FOR LIVE STOCK QUOTE!)
Cricut — Shares of the smart cutting machine company jumped more than 7% after Cricut reported more than 20% growth in users and paid subscribers during the fourth quarter. Cricut’s revenue was down year over year, but its gross margin expanded.
STOCK SYMBOL: CRCT
(CLICK HERE FOR LIVE STOCK QUOTE!)
Atlantica Sustainable Infrastructure — Shares of the U.K.-based infrastructure firm added 2% following an upgrade from Bank of America. The investment firm said Atlantica is doing a strategic review that could unlock value for shareholders.
STOCK SYMBOL: AY
(CLICK HERE FOR LIVE STOCK QUOTE!)
Nordstrom — The retail stock rose more than 2% following an upgrade to buy from Argus Research. The investment firm said Nordstrom has divested from the unprofitable parts of its business and now has healthy upside.
STOCK SYMBOL: JWN
(CLICK HERE FOR LIVE STOCK QUOTE!)
bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. bigbear0083 is an admin at the financial forums StonkForums.com where this content was originally posted.
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