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What's Going On With Rocket Lab Stock Today?
Rocket Lab USA, Inc. (NASDAQ:RKLB) shares are trading higher in the premarket session on Friday. According to Benzinga Pro, RKLB stock has gained over 19% in the past six months. Investors can gain exposure to the stock via Procure Space ETF (NASDAQ:UFO) and SPDR S&P Kensho Final Frontiers ETF (NYSE:ROKT). Today, the company said it has successfully packed and shipped two Mars-bound spacecraft to Cape Canaveral, FL, in readiness for launch. These twin spacecraft, part of the Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) heliophysics mission, were designed, built, integrated, and tested by Rocket Lab for the University of California Berkeley’s Space Science Laboratory and...
Mark Cuban Says He Would Have Used A 'Magic Wand' To 'Get Rid' Of Both GOP And Democratic Party, Considers Potential Antitrust Lawsuits Against Both Parties
Billionaire investor and “Shark Tank” star Mark Cuban has called for a radical transformation of the U.S. political landscape. Cuban expressed his wish to dismantle the entrenched two-party system, criticizing its divisive nature and the extreme-leaning primary system.s What Happened: The interview with Bloomberg, originally recorded in March and published on Thursday, saw Cuban voicing his concerns about the current U.S. political system. He pointed out that the primary system tends to favor extremes, forcing candidates to adopt similar stances to avoid being ousted in primaries, Business Insider reported on Friday. “If I could wave the magic wand, I’d get rid of...
Top 3 Tech Stocks That May Plunge In August
As of Aug 16, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list...
This Cisco Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. HSBC analyst Stephen Bersey upgraded the rating for Cisco Systems, Inc. (NASDAQ:CSCO) from Hold to Buy, while raising the price target from $46 to $58. Cisco shares gained 6.8% to close at $48.53 on Thursday. See how other analysts view this stock. Williams Trading analyst Sam Poser upgraded NIKE, Inc. (NYSE:NKE) from Sell to Buy and boosted the price target from $67 to $93. Nike shares gained 5.1% to close at $82.50...
Alaska Air Stock Forms Death Cross: Is Turbulence Ahead For ALK?
Alaska Air Group Inc. (NYSE:ALK) stock just hit a technical milestone that no investor wants to see: a Death Cross. This ominous indicator occurs when the 50-day simple moving average (SMA) crosses below the 200-day SMA, signaling a potential continuation of the stock's downward trajectory. Alaska Air stock is already down 7.93% year-to-date and 20.83% over the past year, and this latest development could mean the skies are about to get even rougher. Chart created using Benzinga Pro Rough Skies: The Technical Picture The Death Cross is a widely recognized bearish signal, and for Alaska Air, it's particularly concerning given the stock's recent performance....
Madison Square Garden Q4: Topline Growth, Events And Merchandise Lead Charge
Madison Square Garden Entertainment Corp (NYSE:MSGE) stock gained after it reported its fiscal fourth-quarter results. Revenue rose 26% year-on-year to $186.1 million, beating the analyst consensus estimate of $169.6 million. Adjusted EPS loss of $(0.53) missed the analyst consensus loss estimate of $(0.52). Also Read: Madison Square Garden Has Room For ‘Robust Growth’ Thanks To Concert Lineup, Christmas Spectacular: Analyst Revenues from entertainment offerings rose 20% year-on-year to $142.9 million, led by higher event-related revenues and revenues subject to the sharing of economics with MSG Sports under the Arena License Agreements. Food, beverage, and merchandise revenues increased 48% year-on-year to $34.7 million, aided by higher food and beverage sales at Rangers and Knicks games...
Bitcoin Spot ETFs See Muted Inflows As Negative Funding Rates Signal Bearish Sentiment
In a sign of cautious investor sentiment, Bitcoin (CRYPTO: BTC) spot ETFs experienced modest net inflows on Aug. 15, totaling just $11.1 million. What Happened: This muted enthusiasm comes as funding rates for Bitcoin futures on major exchanges turn negative, potentially signaling bearish short-term market sentiment. The Grayscale Bitcoin Trust (OTC:GBTC), the largest Bitcoin ETF by assets under management, saw outflows of $25 million. However, these were offset by inflows into other products, with Fidelity‘s (BATS:FBTC) ETF attracting $16.2 million and Grayscale‘s mini Bitcoin ETF seeing inflows of $13.6 million, according to data from SoSo Value. On the Ethereum front, spot ETFs faced...
These Analysts Increase Their Forecasts On Applied Materials Following Strong Earnings
Applied Materials, Inc. (NASDAQ:AMAT) reported better-than-expected results for its third quarter on Thursday. Applied Materials reported third-quarter revenue of $6.78 billion, beating the consensus estimate of $6.673 billion. The chip equipment company reported adjusted earnings of $2.12 per share, beating analyst estimates of 2.02 per share. "Applied Materials is delivering strong results in 2024 with record revenues in our fiscal third quarter and earnings towards the high end of our guided range," said Gary Dickerson, president and CEO of Applied Materials. "The race for AI leadership is fueling demand for our unique and connected portfolio of products and services, positioning Applied to...
Tencent-Backed Epic Games Brings Fortnite Back On The iPhone, This Time With An Entire App Store After Its 4-Year-Long Battle With Apple
Tencent-backed Epic Games has brought back the popular game Fortnite on the iPhone, along with an entire app store, which is now available for download in the European Union and Android devices globally. This comes after a four-year-long legal battle with Apple Inc. (NASDAQ:AAPL), marking a win for the game studio, with EU’s Digital Markets Act forcing Apple’s hand. What Happened: Epic Games announced on Friday the plans to allow all developers to launch their games and apps through the Epic Games Store in the future. The games will also be available on independent mobile stores, including AltStore PAL. Amid the launch,...
These Analysts Boost Their Forecasts On Walmart After Upbeat Earnings
Walmart Inc (NYSE:WMT) announced strong second-quarter results and raised full-year guidance on Thursday. The retailer reported adjusted EPS of 67 cents (+9.8% Y/Y), beating the consensus of 64 cents. Sales were $169.34 billion, up 4.8% year over year or 5.0% (at constant currency), beating the consensus of $168.57 billion. Walmart expects third-quarter adjusted EPS of $0.51 to $0.52 versus a consensus of $0.55, and its sales outlook is $164.58 billion-$166.17 billion vs. $167.11 billion estimate. For FY25, the big box retailer raised its adjusted EPS outlook to $2.35-$2.43 (from $2.23-$2.37), vs. the consensus of $2.43. Walmart boosted FY25 net sales (at constant currency)...
EXCLUSIVE: La Rosa's Q2 Revenue Jumps 154%, Expects $100M Annualized Revenue by 2024
On Friday, La Rosa Holdings Corp (NASDAQ: LRHC) provided a business update and reported financial results for the second quarter ended June 30, 2024. Total revenue increased 154% year-over-year to $19.1 million for the second quarter ended June 30, 2024. Residential real estate services revenue increased 237% to $15.9 million. Property management revenue increased by 16% to $2.8 million. Also Read: EXCLUSIVE: La Rosa Reports 15% Growth in Q2 Transaction Volume Total revenue increased 138% year-over-year to $32.1 million for the six months ended June 30, 2024. Residential real estate services revenue increased 226% to $26.1 million. Property management revenue increased by 14% to $5.3 million. M&A...
Top 3 Health Care Stocks That Are Set To Fly This Quarter
The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Haemonetics Corporation...
Homebuilding Stocks On Investors' Radar After Kamala Harris Reveals Plan To Boost Housing Market
Vice President Kamala Harris’ campaign disclosed policy proposals regarding the residential housing market ahead of the Democratic Party candidate’s unveiling of her economic policy at an event in the key swing state of North Carolina. Harris will launch a four-year plan to bring down housing costs for working families and also alleviate housing shortages. Among the policy proposals are: Construction of three million new housing units to plug in the shortage in housing supply in the first four years. Expanding the existing tax incentives for builders to build affordable rental housing. Offering first-ever tax incentives for building starter homes. Setting up a new federal...
Alibaba To Rally Around 11%? Here Are 10 Top Analyst Forecasts For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler raised the price target for Globant S.A. (NYSE:GLOB) from $238 to $240. Piper Sandler analyst Arvind Ramnani reiterated an Overweight rating. Globant shares gained 1.7% to close at $194.37 on Thursday. See how other analysts view this stock. Daiwa Capital increased the price target for Illumina, Inc. (NASDAQ:ILMN) from $120 to $154. Daiwa Capital analyst Narumi Nakagiri upgraded the stock from Neutral to Buy. Illumina shares gained 5.3% to close...
South Korean Pension Fund Invests Heavily In MicroStrategy And Coinbase
South Korea's National Pension Service (NPS) has made a substantial investment in MicroStrategy (NASDAQ:MSTR) during the second quarter of this year. What Happened: The pension fund, one of the largest in the world, has acquired shares worth nearly $34 million, as revealed in a recent filing. NPS disclosed that it purchased 24,500 shares of MicroStrategy at an average price of $1,377.48 per share. This investment was made just before MicroStrategy implemented a 10-for-1 stock split earlier this month, which increased the total number of shares held by NPS to 245,000. Based on the company's latest closing price of $131.93, this investment is now...
Singapore's PropertyGuru Agrees To Be Taken Private By EQT AB In $1.1B Deal: Details
PropertyGuru Group Limited (NYSE:PGRU) shares are trading higher after the company announced a merger agreement with affiliates of BPEA Private Equity Fund VIII Limited, part of EQT AB, in an all-cash transaction valued at about $1.1 billion. Under the terms, each PropertyGuru ordinary share will be canceled and converted into a cash payment of $6.70 per share, excluding certain shares, with no interest. The merger values PropertyGuru at a 52% premium over its May 21, 2024 closing price, the last unaffected trading day before media speculation regarding a potential transaction. Major shareholders TPG and KKR & Co. Inc. (NYSE:KKR), which hold a combined 56% ownership of...
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