Shares of video game retailer GameStop (NYSE:GME) jumped 8.1% in the afternoon session after CEO Ryan Cohen shared a photo with Michael Saylor, co-founder and chairman of MicroStrategy, the largest corporate holder of Bitcoin. The post has sparked speculation that GameStop may be planning a move into the crypto space. Such moves often resonate with its core audience of retail investors and traders.
Shares of genomics company Illumina (NASDAQ:ILMN) fell 7.5% in the morning session after Barclays downgraded the stock to Sell and lowered the price target from $130 to $100. The firm cited several factors for the revision, including "growing uncertainty in China, rising competition from Roche in the clinical market, and weaker-than-expected elasticity in consumables demand."
(Bloomberg) -- As US stocks confront mounting risks, such as questions around the economy and gains concentrated in just a few companies, it’s a good time to shift into other equity markets, says Alexander Altmann at Barclays Plc. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London
Incyte stock was one of the biggest decliners on the S&P 500 Monday after the drugmaker's fourth-quarter adjusted profit and projections for 2025 sales of key medications fell short of analysts' estimates.
Shares of Rocket Lab USA surged Monday after the company successfully launched five satellites for French Internet of Things firm Kinéis over the weekend.
Super Micro Computer shares soared Monday ahead of the company's business update expected Tuesday.
Meta stock rose on Monday, leaving intact a record-breaking winning streak for the social media giant. The run, at 16 consecutive sessions as of Monday's close, is the longest on record for a Magnificent Seven stock.
Shares of project management software maker Monday.com (NASDAQ:MNDY) jumped 31.4% in the morning session after the company reported impressive fourth-quarter results that blew past Wall Street's expectations for some of the key metrics we track, including sales, profits, and EPS (profits on a per-share basis).
Shares of work management software maker Asana (NYSE: ASAN) jumped 8.2% in the afternoon session after peer, Monday.com reported impressive fourth-quarter results that blew past Wall Street's expectations for some of the key metrics we track, including sales, profits, and EPS (profits on a per-share basis). The company's net revenue retention rate improved, and its sales guidance for the next quarter exceeded forecasts. MNDY's strong performance suggests sustained demand for project management s
Shares of advertising software maker The Trade Desk (NASDAQ:TTD) jumped 6.7% in the morning session after KeyBanc analyst Justin Patterson maintained a Buy rating and raised the price target to $142. Patterson expects The Trade Desk will continue to benefit from an improving advertising market, with expectations of better-than-expected fourth-quarter results when the company reports quarterly results on February 12, 2025 (later in the week). The main drivers behind this optimism seem to be the c