stocks | Common News Update

Apr102021 by adminNo Comments

Stocks making the biggest moves midday: Levi Strauss, FuboTV, Honeywell and more

Finance

A man wears Levis Strauss & Co. clothing during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, March 21, 2019.Jeenah Moon | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Levi Strauss – Shares of the retailer jumped 2.6% after the company beat top- and bottom-line estimates during the first quarter. Levi's earned 34 cents per share on an adjusted basis, while reporting $ 1.31 billion in revenue. Analysts surveyed by Refinitiv were expecting the company to earn 25 cents on $ 1.25 billion in revenue. The results were boosted by strength in Levi's digital sales, which jumped 41%.FuboTV – The streaming service jumped 12.6% after FuboTV won the exclusive streaming rights to the qualifyin...

Mar312021 by adminNo Comments

Stocks making the biggest moves after the bell: QuantumScape, Micron & more

Finance

In this articleMUQSVOW3-DEWINGGESIn this photo illustration the QuantumScape logo is seen on a smartphone and a pc screen.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesCheck out the companies making headlines after the bell on Wednesday:Micron – Shares of the chipmaker rose 2.3% after the company reported better-than-expected results for its fiscal second quarter. Micron reported earnings per share of 98 cents on revenue of $ 6.24 billion. Analysts polled by Refinitiv expected a profit of 95 cents per share on revenue of $ 6.21 billion.QuantumScape – The lithium-battery producer's stock popped 8.8% after the company announced it has met the requirements to close a $ 100 million investment by Volkswagen. The auto company will now test QuantumScape's solid-state lithium-metal ce...

Mar292021 by adminNo Comments

Three reasons March should act as a ‘springboard’ for stocks into April

Finance

In this article.SPXUS10YXLKXLEXLVXLPXLUXLCCFRA's Sam Stovall sees three reasons April should spell gains for stocks.Stovall, who's known for building market forecasts based on historical trends, highlights market instability over the past two weeks as his top bullish signal."The period after the Ides of March is typically volatile — actually falling about 60% of the time," the firm's chief investment strategist told CNBC's "Trading Nation" on Monday. "Whenever that has happened, it sort of set up a nice springboard into April."So far this month, the S&P 500 is up more than 4%. However, the index is virtually flat since March 15. When the index slumps in March's second half, Stovall finds a positive April happens 77% of the time.He lists corporations' quarterly results as the second rea...

Mar252021 by adminNo Comments

Banks stocks rise after hours as Fed sets date to lift buyback, dividend restrictions

Finance

In this articleJPMCWFCKBEGSFederal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, U.S., December 1, 2020.Susan Walsh | ReutersBank stocks rose in extended trading on Thursday after the Federal Reserve announced its plan for lifting restrictions on dividends and buybacks from financial companies.Shares of JPMorgan Chase rose 1%, while those for Citigroup and Wells Fargo each added 0.7%. Goldman Sachs climbed 0.5%.The Fed said it would keep its pandemic-era restrictions on banks in place until June 30. The Fed had previously said that banks could restart their buybacks and dividend hikes in the first quarter, so Thursday's announcement is a delay but does provide more clarity for investo...

Mar242021 by adminNo Comments

Stock futures tick higher as pressure on tech stocks pauses

Finance

Traders on the floor of the New York Stock ExchangeSource: NYSEFutures contracts tied to the major U.S. stock indexes inched higher at the start of the overnight session Wednesday evening after pressure on technology stocks sent the Nasdaq Composite down 2% during the regular session.Dow futures rose 30 points, while contracts tied to the S&P 500 rose less than 0.1%. Futures tied to the Nasdaq 100 also traded just above the flatline.The overnight moves came after a rash of late-day selling in high-growth and technology shares during the regular session.The S&P 500 fell 0.6% after rising as much as 0.8% during the day, while the tech-heavy Nasdaq dropped 2% to close at its session low. Apple, Facebook and Netflix all slid more than 2%, while Tesla fell 4.8%.The Dow Jones Industrial ...