March 7, 2025 10:29 am
Key moments 52-Week High Achieved: ECARX Holdings stock reaches a new annual peak following a major partnership announcement. Digital-Cockpit Solution Deployment: Volkswagen and Skoda brands to integrate ECARX’s Antora 1000 platform and Cloudpeak software. Expansion into Key Markets: Initial vehicle rollouts planned for Brazil and India, with potential for further global expansion. ECARX Shares Surge […]
Read moreMarch 7, 2025 9:29 am
Key moments Costco’s stock experienced a 2% drop to $1,026.62 following its Q2 FY2025 earnings release. The market’s reaction was primarily due to an EPS miss, with $4.02 falling short of the anticipated $4.11. Costco’s net sales soared to $62.53 billion, marking a 9.1% year-over-year increase. Revenue exceeded forecasts at $63.7 billion, and comparable sales […]
Read moreMarch 7, 2025 9:15 am
Key moments Broadcom’s stock experienced a significant rebound, climbing 14% in after-hours trading, following a 6.3% decline during the regular Thursday session. The company reported Q1 revenues totaling $14.92 billion, which exceeded the analyst projections of $14.61 billion. Revenue generated from AI-related products saw a 77% increase to $4.1 billion, fueled by strong demand for […]
Read moreMarch 7, 2025 8:04 am
Key moments Earnings Beat Expectations: Myers Industries reports adjusted earnings significantly above analyst estimates. Revenue Growth Driven by Material Handling Segment: Acquisition and strong performance in the Material Handling sector boost overall revenue. Strategic Cost-Saving and Share Repurchase Programs: Company announces initiatives to enhance efficiency and shareholder value. Myers Industries Stock Surges on Strong Q4 […]
Read moreMarch 7, 2025 8:02 am
Key moments VIX reached a near-three-month high, triggering a bearish signal indicating potential stock market weakness. Increased volatility is driving investors towards safe-haven assets like US Treasuries, gold, and certain currencies. Rising VIX levels are widening corporate bond spreads and causing emerging market currency depreciation. VIX Surged to Nearly Three-Month High, Signaling Increased Market Volatility […]
Read moreMarch 7, 2025 8:01 am
Key moments Indian indices opened lower this Friday morning, reversing their two-session gains, due to IT and banking declines ahead of US jobs data. Sensex fell 217.51 points (0.29%) to 74,122.58, while Nifty50 dropped 21 points (0.09%) to 22,523 in the early trading session. Kalpataru Projects International and its subsidiaries reported a surge in new […]
Read moreMarch 6, 2025 3:21 pm
Key moments Cracker Barrel reported a 1.5% YoY revenue increase in Q4 2024 to $949.4 million, exceeding analyst expectations. The company’s stock saw an 11.5% increase to $44.93 after its Q4 earnings were announced. Adjusted earnings per share (EPS) of $1.38 surpassed analyst consensus estimates by 27.2%, a sign of strong profitability. Cracker Barrel’s Solid […]
Read moreMarch 6, 2025 2:59 pm
Key moments The company’s stock exhibited significant strength, consistently holding above 790p and regaining levels above 800p after a brief dip. Rolls-Royce’s stock surge, up over 30% since February, stems from rising defense stock values, increased global defense spending, and CEO Erginbilgic’s strategic leadership. The CEO’s total compensation package has decreased by nearly £10 million. […]
Read moreMarch 6, 2025 2:57 pm
Key moments Marvell Technology’s stock fell 16% due to concerns about AI infrastructure spending. Marvell’s revenue forecast failed to reassure investors, despite a slight beat, raising worries about AI investment. Marvell’s decline affected other chipmakers, with Broadcom and Nvidia also experiencing stock drops. Disappointing Revenue Forecast Sent Marvell Technology Shares Tumbling 16% Marvell Technology’s shares […]
Read moreMarch 6, 2025 2:51 pm
Key moments Nasdaq 100 futures fell 1.6% while S&P 500 futures dropped 1.2%, indicating a weaker Wall Street open. Marvell Technology shares plunged about 15% premarket, following disappointing earnings and revenue forecasts. Europe’s Stoxx 600 index declined as much as 0.9%, adding to bond yield pressures. Tech Earnings Miss and AI Competition Drive Market Decline […]
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