VMware shares had surged 25% in Monday trading after media reports suggested a deal was imminent, and the stock was up 0.3% in premarket trading Thursday. Shares of Macy’s surged nearly 15% ahead of the open after the retail giant raised its profit outlook in an upside surprise to investors weighing a slew of downward https://dotbig.com/markets/stocks/YELP/ forecast revisions from peers. Meanwhile, chip designer Nvidia Corp. joined the growing list of companies reporting weaker second-quarter forecasts and alluding to economic constraints ahead. A similar change in outlook from software peer Snowflake sent shares of the company down 14% in extended trading.
- Patterns on the same date are sorted using Recognia’s proprietary quantitative algorithm to draw strong companies to the top, and if further sorting is required it is done by trading volume to draw highest volume stocks to the top.
- In earnings, NVIDIA Corp. is sliding 4.4% as ongoing supply chain disruptions pressured the chipmaker’s revenue guidance, overshadowing record revenue.
- Recent trading sessions have seen sharp drawdowns in some big-name stocks after earnings reports that affirmed investor worries about the impact of inflation on corporate margins.
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The Nasdaq Composite edged 0.5% higher as the index clawed back from YELP stock losses spurred by recent pressure in the technology sector.
Musk had previously declared his Twitter takeover “on hold” – but has now upped the amount of equity he’s committing to the deal. The General Authority for Statistics said Saudi Arabia’s oil exports reached nearly $35 billion in the first quarter of 2022, reaching a 2016 high. “In the latest sell-off, JPM estimates 3-4x higher buyback executions than trend, which implies the corporate put remains active,” JPMorgan said. The central bank and government are now worried the rally in the ruble has gone too far, after propping up the currency with capital controls. Here’s What You’ll be Paying More For This Memorial DayPrices for several key components of the holiday are up a lot as the summer gets underway.
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