As the coronavirus pandemic took hold early this spring and markets plunged, a wave of Americans saw an opportunity to start investing. But one expert says this new herd is…
What happened
Shares of Advanced Micro Devices (NASDAQ: AMD) jumped 12.5% to a new closing high of $76.09 on Wednesday, following the semiconductor company's impressive second quarter results.
Petra Acquisition, a blank check company targeting a cannabis business, filed on Wednesday with the SEC to raise up to $125 million in an initial public offering.
The New York, NY-based company plans to raise $125 million by offering 12.5 million units at a price of $10. Each uni
TPG RE Finance Trust (TRTX) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.
Retail Opportunity Investments (ROIC) came out with quarterly funds from operations (FFO) of $0.23 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to FFO of $0.26 per share a year ago. These figures are adjusted for non-recurring items.
Marriott Vacations Worldwide (VAC) came out with a quarterly loss of $1.76 per share versus the Zacks Consensus Estimate of a loss of $1.11. This compares to earnings of $1.99 per share a year ago. These figures are adjusted for non-recurring items.
Moelis (MC) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.
CyrusOne (CONE) came out with quarterly funds from operations (FFO) of $1.03 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to FFO of $0.90 per share a year ago. These figures are adjusted for non-recurring items.
The cycle of "expansive" monetary policy in Mexico has not come to an end, the deputy governor of the country's central bank said in a presentation on Wednesday, suggesting further interest rate cuts could happen.
Shihui Chen is a Senior Data Scientist at Nasdaq, with a history of working in capital market research, holding a Bachelor degree in finance and banking from Zhejiang University and a Master degree with a focus in mathematical finance from the MIT Sloan School of Management.
What happened
Shares of A10 Networks (NYSE: ATEN) have surged today, up by 16% as of 2:50 p.m. EDT, after the company reported second-quarter earnings. The networking technology specialist topped profit expectations but missed sales forecasts.
Health care stocks still were sharply higher this afternoon, with the NYSE Health Care Index rising 1.4% in recent trading while the SPDR Health Care Select Sector ETF also was up 1.4%.
Technology stocks continued to climb during Wednesday trading, with the SPDR Technology Select Sector ETF posting a 1.6% advance in late trade while the Philadelphia Semiconductor Index was rising 2.5% this afternoon.
Consumer stocks were broadly higher shortly before Wednesday's closing bell, with the SPDR Consumer Staples Select Sector ETF climbing 0.3% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was posting a 1.0% gain.
Financial stocks were ending near their session highs, with the NYSE Financial Index rising 1.3% while the SPDR Financial Select Sector ETF was climbing 1.8%.
Energy stocks extended their earlier gains this afternoon, with the NYSE Energy Sector Index climbing 1.3% in late trade while the SPDR Energy Select Sector ETF was up 1.8%.