Netflix stock options are priced for a more than $27 one-day post-earnings move, ORATS says
An options strategy Netflix Inc.’s NFLX, +5.33% stock known as a straddle on is priced Tuesday for a much bigger than usual one-day move after the streaming video giant reports…
Fastly could see ‘disproportionate impact’ in a downturn, analyst says in bearish downgrade
Shares of Fastly Inc. FSLY, -7.79% were falling 4% in premarket trading Tuesday after RBC Capital Markets turned bearish on the cloud-computing stock. “Fastly scores low on our five-factor recession…
Selloffs in Dow, S&P 500 belies bullish market internals
While the Big 3 stock market indexes are all falling, market internals are suggesting the broader stock market is rallying. The Dow Jones Industrial Average fell 60 points, or 0.2%,…
Dow ends more than 200 points lower, stocks skid after report on Apple’s cost-cutting plan
Stocks gave up earlier gains Monday, with the Dow ending about 216 points lower, after Bloomberg reported on cost-cutting efforts taking shape at Apple Inc., a week before the iPhone…
Snap stock price target cut by Credit Suisse as advertising budgets rotate
Snap Inc.’s SNAP, +3.74% stock price target was reduced by Credit Suisse on Monday ahead of the company’s second-quarter earnings on Thursday, July 21. Credit Suisse lowered its target for…
Investors are obsessed with size of Fed’s next rate hike. Here’s what they’re missing.
Debate has been simmering over whether Federal Reserve policy makers will raise the fed-funds rate by three-quarters of a percentage point later this month, as they did in June, or…
75 or 100 basis points? Lost in market debate over Fed’s next rate hike is ‘how long inflation stays at these levels’
Debate has been simmering over whether Federal Reserve policy makers will raise the fed-funds rate by three-quarters of a percentage point later this month, as they did in June, or…
Dow advances 650 points as stocks stage biggest rally in 3 weeks
U.S. stocks finished sharply higher on Friday, snapping a five-day losing streak thanks in part to stronger-than-expected retail sales data and a moderation in inflation expectations. But Friday’s rally —…
Harsco shares slide 5% premarket after company issues profit warning due to ‘unprecedented’ inflation
Harsco Corp. stock fell 5% in premarket trade Friday, after the environmental and waste management company issued a profit warning for the second quarter and full-year amid ‘unprecedented inflation.’ The…
Solar stocks hit hard by Sen. Manchin opposing climate spending
Shares of companies in the solar power business suffered a broad drubbing in premarket trading Friday, after Sen. Joe Manchin (D-W.Va.) said he would oppose any budget reconciliation package that…
Bavarian Nordic stock jumps after U.S. orders 2.5 million more monkeypox vaccine doses
The U.S.-listed shares of Bavarian Nordic A/S BVNRY, +2.88% BAVA, +0.56% jumped 2.0% in afternoon trading Friday, after the Denmark-based drug maker said the U.S. government has ordered 2.5 million…
10x Genomics stock suffering record drop toward record low after revenue warnings prompts downgrade
Shares of 10x Genomics Inc. TGX, -4.32% plunged 22.3% in active morning trading Friday, putting them on track to suffer a record one-day drop to a record low Friday, after…
AMTD Digital’s stock cheered on NYSE debut, to trade more than double the IPO price
The newly minted U.S.-listed shares of AMTD Digital Inc. HKD, +99.81% soared out of the gate in volatile trading Friday, after the Hong Kong-based digital platform and controlled subsidiary of…
Citigroup shares rise after bank beats earnings target
Citigroup Inc. C, +10.52% shares rose 2.1% in premarket trades on Friday after the bank said its second-quarter earnings fell to $4.55 billion, or $2.19 a share, from $6.19 billion,…
eBay stock price target cut at Stifel, citing currency pressures
Stifel has cut eBay Inc.’s EBAY, -1.08% price target to $60 from $62 amid currency pressures and headwinds in the online marketplace’s international business. “We are leaving our 2Q estimates…
Vertical Aerospace says American Air has confirmed delivery slots for first 50 VX4 zero-emissions aircraft
Shares of Vertical Aerospace Ltd. EVTL, -1.36%, a company specializing in zero-emissions aviation, said Friday that American Airlines AAL, -0.42% has confirmed delivery slots for the first 50 VX4 aircraft…
Theravance sets up deal to sell rights to asthma drug to Royalty Pharma
Shares of Theravance Biopharma Inc. TBPH, -2.78% were up 13.8% in premarket trading on Thursday, the day after the company announced plans to sell the royalty rights to GlaxoSmithKline’s GSK,…
Marinus to sell rare-disease voucher to Novo Nordisk for $110 million
Shares of Marinus Pharmaceuticals Inc. MRNS, -5.23% gained 7.9% in premarket trading on Thursday after the company said it plans to sell its Rare Pediatric Disease Priority Review Voucher for…
CleanSpark buys 1,061 bitcoin miners at a ‘substantially discounted’ price
CleanSpark Inc. CLSK, +0.24% said Thursday that it has acquired 1,061 Whatsminer M30S bitcoin mining machines for use at Coinmint’s facility. CleanSpark didn’t disclose what it paid for the miners,…
Stocks fall, but end off session lows as investors weigh rate hikes, earnings season
Stocks fell Thursday, but finished well off session lows as investors weighed the size and scope of expected rate hikes and assessed downbeat earnings from JPMorgan Chase & Co. and…
Problem with ‘internal systems’ caused Twitter outage
The outage that hit Twitter Inc. TWTR, -1.25% on Thursday morning was caused by a problem with the social media platform’s internal systems. The outage started just before 8:00 am…
Costco stock jumps to lead S&P 500 gainers after Deutsche Bank says buy
Shares of Costco Wholesale Corp. rallied 3.7% in afternoon trading Thursday, enough the pace the S&P 500’s gainers, after Deutsche Bank upgraded the membership-based warehouse retailer, as recent upbeat monthly…
Dow falls 550 points after opening bell on rate-hike worries as earnings season begins
Stocks opened sharply lower Thursday as investors weighed expectations for the Federal Reserve to continue delivering outsize rate increases in its effort to get inflation under control, raising fears of…
Moderna’s COVID-19 vaccine OK’d in Canada for children aged 6 months and older
Moderna Inc. MRNA, -6.91% said Thursday its COVID-19 vaccine Spikevax was approved by Health Canada for use in children aged six months to five years. The biotechnology company said the…
Alibaba cloud executive called in by Shanghai authorities regarding data break–WSJ
The U.S.-listed shares of Alibaba Group Holding Ltd. BABA, -5.51% dropped 4.3% in midday trading Thursday, after The Wall Street Journal reported that Shanghai authorities called in the ecommerce giant’s…