May 22, 2025 2:42 pm
Key Moments: Advance Auto Parts (AAP) shares jumped 43.15% after Thursday’s opening bell The company reported an adjusted first-quarter loss of $0.22 per share, significantly outperforming analysts’ expectation of a $0.78 loss. Advance Auto Parts maintained a full-year EPS forecast of $1.50-2.50. Total revenue is expected to range from $8.4 billion to $8.6 billion. Stock […]
Read moreMay 22, 2025 1:48 pm
Key Moments: Sunrun’s stock sank by over 40% on Thursday following the US House’s vote in favor of Trump’s “One Big Beautiful Bill.” The company was one of many to witness their shares drop sharply, with firms like Enphase Energy and SolarEdge Technologies also being down double-digits. BMO Capital Markets downgraded Sunrun, more than halving […]
Read moreMay 22, 2025 12:49 pm
Key Moments: Analog Devices reported a fiscal Q2 profit of $569.8 million, $267.6 higher than last year’s figure. Revenue hit $2.64 billion, a 22% increase that beat analyst expectations of $2.51 billion. The company’s shares jumped 3.2% during pre-market trading on Thursday. Strong Quarter Amid Semiconductor Rebound Chip manufacturing giant Analog Devices delivered a robust […]
Read moreMay 22, 2025 11:08 am
Key Moments: In May, the Eurozone Composite PMI dropped to 49.5. Manufacturing edged up to 49.4, but the services sector weakened with its PMI sinking to 48.9. European equities declined on Thursday, as the STOXX 600 fell by 1%. Eurozone Growth Falters as PMI Readings Signal Economic Slumps Fresh data from the HCOB Purchasing Managers’ […]
Read moreMay 22, 2025 9:40 am
Key Moments: Italy’s securities watchdog, CONSOB, imposed a 30-day suspension of UniCredit’s Banco BPM takeover bid. UniCredit has challenged government conditions surrounding the deal, calling them unfeasible. UniCredit’s shares tumbled 1% on Thursday, while Banco BPM’s stock declined by around 0.7%. Regulators Freeze UniCredit’s Acquisition Attempt Italy’s securities regulator has paused UniCredit’s over $10 billion […]
Read moreMay 22, 2025 8:33 am
Key Moments: May saw Germany’s Composite PMI Output Index drop to 48.6. Manufacturing PMI reached a 33-month high at 48.8, despite remaining below the growth threshold of 50. The DAX Index slipped by almost 200 basis points on Thursday. Services Contraction Drags Germany’s Economy Germany’s private sector economy fell back into contraction territory in May, […]
Read moreMay 21, 2025 2:41 pm
Key Moments: Baidu reported Q1 revenue of $4.47 billion, a 3% improvement from 2024’s figures. The news caused the stock to jump by over 5% before it retreated. Adjusted earnings per ADS came in at $2.55, surpassing the $1.96 analyst consensus AI Cloud revenue increased 42% year-over-year, helping boost non-online marketing revenue to $1.30 billion […]
Read moreMay 21, 2025 11:58 am
Key Moments: On Tuesday, Target reported Q1 adjusted EPS of $1.30 and revenue of $23.85 billion, both missing analyst expectations. GAAP EPS, meanwhile, reached $2.27, surpassing the estimated $1.64. The company’s stock sank 4.1% in pre-market trading following the publication of the financial report. Target now anticipates that sales will decline in FY 2025. Quarterly […]
Read moreMay 21, 2025 9:59 am
Key Moments: Dow Jones, S&P 500, and Nasdaq 100 futures declined around 0.6% on Wednesday The US dollar hit its lowest value in two weeks as investors scrutinized government debt and policy signals. Tariff-related concerns continue to fuel bullish outlook. Futures Slip as Market Optimism Fades US equity futures were under pressure on Wednesday as […]
Read moreMay 21, 2025 9:24 am
Key Moments: The Hang Seng Index climbed around 146 basis points on Wednesday. CATL shares jumped 9% in Hong Kong after yesterday’s debut surge of 16%. Morgan Stanley raised targets for major Chinese indexes. Broad Market Gains Led by Technology, Consumer, and Mining Stocks Markets in Hong Kong and mainland China closed higher on Wednesday, […]
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